The new CFTC rules regarding forex imposed leverage limits that angered many traders. Nobody likes to be held back. But after 6 months, there’s evidence that these limits might actually be helping traders make more money. On October 18th, the new leverage limits came into effect: 50:1 on major pairs and 20:1 on others. This … “Is the CFTC Actually Helping Traders?”
Category: Forex industry
Currensee Raises $4M in Series C Financing
Forex social network Currensee gets $4 million. The fresh funds will go towards developing new tools for decision making, portfolio management, infrastructure and more. This is Round C of financing. The previous round was made for the development of the Trade Leaders program and for expansion outside the US. In the past year or so, … “Currensee Raises $4M in Series C Financing”
GFT Has Highest Profitability Rate in Q1 2011
The first quarter of 2011 has ended, and US broker has released very interesting figures. GFT now has the highest profitability rate in 2011, but the race is very close. Apart from profitability rate, the number of traders was also reported, and there are interesting findings. The new CFTC rules limit leverage in the US, … “GFT Has Highest Profitability Rate in Q1 2011”
xTrader – An ECN Solution by FXPro
ECN platforms are gaining traction. Cyprus based broker FXPro is launching an ECN platform named xTrader. Among the features are a No-Dealing Desk function (NDD), guaranteed execution and no re-quotes, interbank pricing and more. I believe that having an ECN option is an advantage for every forex broker out there. Apart from providing more options to … “xTrader – An ECN Solution by FXPro”
Forex Brokers to be Exempt of Dodd-Frank Rules?
Perhaps forex brokers will get some good news soon, maybe in April. The Dodd-Frank act consists of many limitations, that not every broker will be able to handle. But forex brokers could be exempt from these rules. Discussions continue in Washington DC regarding the implementation of the Dodd-Frank legislation. The CFTC has to provide complementary … “Forex Brokers to be Exempt of Dodd-Frank Rules?”
ForexStreet.Net – Well Designed, Mature Forex Social Network
FXStreet’s social network is gaining traction after a quiet launch. It’s integration with other social networks, backing of a major forex portal and the excellent and intuitive design all make it worth checking out. Here’s a review of ForexStreet.Net. ForexStreet.Net is based on Ning, a platform for social networks that you might have seen elsewhere on … “ForexStreet.Net – Well Designed, Mature Forex Social Network”
CitiFX Pro Trading Platform Launched in the UK
CitiFX launches its CitiFX Pro platform for online forex trading platform aimed at experienced individuals as well as small institutional traders, in Britain. This launch follows previous successful launches and operations of the same platform in the US, Hong Kong, and other Asian countries. This development regarding this tier of traders follows improved spreads for large … “CitiFX Pro Trading Platform Launched in the UK”
Monaco FC Sponsored by FXPro
Sports and forex trading go well together. FXPro, which already sponsors football (soccer) clubs in the UK’s premiership league and also in Formula One racing, just announced that will sponsor Monaco FC, which is a senior team in the French league. FXPro is based in Cyprus and has offices in various places worldwide, including the … “Monaco FC Sponsored by FXPro”
Forex Factory Trade Explorer – Powerful Trading Tool
Forex Factory just launched a great new tool. Trade Explorer enables traders to see basic and also not so basic statistical analysis of their trades, such as average trade return and average drawdown. Here’s a quick look. It’s important to note that the synchronization with real time data from the brokerage account allows viewing data … “Forex Factory Trade Explorer – Powerful Trading Tool”
ForexPlace Cleared of Charges in Preliminary Court Hearing
One month ago, I’ve reported about an attachment order against 4XP. Well, now the tables have turned in this case, as a preliminary court hearing now clears the company of wrongdoings, at least for now. Here are the full details, as given by the company: Following the initial shock of the alleged misconduct on Forex … “ForexPlace Cleared of Charges in Preliminary Court Hearing”