Leverate, which provides software solutions for forex brokers, launched a new risk management tool. The new tool enables brokers to view positions which are covered with those that aren’t, and also to view strategies of certain traders and to classify them to specific groups. In January, Leverate released a scalper protection tool for brokers. The … “LXRisk Risk Management Platform Launched by Leverate”
Category: Forex industry
GFT Has Highest US Client Profitability in Q1 2012,
40.6% of the clients trading with US Forex broker GFT were profitable during Q1 2012, giving it the first place. Oanda’s figures were very close, 39.8%. Other brokers are a bit behind. The number of US forex traders hasn’t really changed during the quarter, but there have been some changes. Oanda remains the largest broker … “GFT Has Highest US Client Profitability in Q1 2012,”
FXCM Sees Rise in Institutional Volume and Dip in Retail
US Forex Broker FXCM reported its key metrics for the month of March. A rise of 27% was seen in institutional volume from February, while a dip of 2% in retail trading volume was reported. The number of tradeable retail accounts rose quite marginally and fell by 12% in the institutional sector. The year over … “FXCM Sees Rise in Institutional Volume and Dip in Retail”
MetaTrader 4 Trading Platform Now Available for Android Users
As smartphones are becoming more and more popular, so are forex trading applications. Metaquotes, which makes the popular MetaTrader platform, announces the launch of an Android application. The app supports 570 servers of brokers and has the same wide functionality as the iPhone application launched recently. It will be interesting to see if other providers … “MetaTrader 4 Trading Platform Now Available for Android Users”
Currensee Trade Leaders Now Available at Over 100 Institutional
Currensee, the first social network that offers a unique “follow thy trader” program, has reached a significant milestone with institutional partners: over 100 such partners already offer this program to their clients. The Boston based company also mentions that during the last year, the cumulative performance was better than the benchmark S&P and also gold. Looking … “Currensee Trade Leaders Now Available at Over 100 Institutional”
Forex Trading Reaches $5 Trillion Thanks to Greece
CLS has released transaction figures for March 2012, showing yet another record in trading: 5.07 trillion dollars exchanged hands during this busy month, up from $4.68 trillion in February and $4.24 in January. The peak of the recent round in the Greek crisis was the main reason for this surge. The drama around the grand … “Forex Trading Reaches $5 Trillion Thanks to Greece”
Android and iPhone apps launched by FXCM
US Forex broker FXCM expanded its mobile reach by launching applications for both the popular iPad tablet computer and the Android based mobile phones (and tablets as well). Mobile trading is on the rise, thanks to the higher availability of smartphones, as well as other reasons. The application consists of no less than 45 chart … “Android and iPhone apps launched by FXCM”
Oanda Joins the Forex Social Space
US forex broker Oanda, one of the largest, has launched a community based forex trading platform. This space is becoming busier and busier. It includes Currensee, which is a dedicated social forex network, large forex portal Forex Factory which has added its Trade Explorer feature and eToro, a broker which has already launched its proprietary platform. … “Oanda Joins the Forex Social Space”
Forex Crunch Key Metrics March 2012
March saw a nice rise in page views and page views per visit in comparison to February and also to a rise in comparison to March 2011. The drama in the European debt crisis was significant, but as the “can was kicked down the road”, no big long term moves were seen, and the actual … “Forex Crunch Key Metrics March 2012”
Forex Best Awards 2012 – Winners List
FXStreet’s Forex Best Awards for 2012 has ended. More than 5000 participants cast their votes. Thanks to everybody that voted for Forex Crunch. Unfortunately, the site didn’t win the Best Fundamental Analysis category that it won in 2011. Congratulations to “What’s up, Forex Doc? 6-month Check up” by FXstreet.com that won the prize. Forex Crunch … “Forex Best Awards 2012 – Winners List”