Investment in forex traders is on the move – Currensee’s trade leaders program hit the $2 billion mark in traded volume. The program allows people to automatically trade following closely monitored trade leaders, as they would invest in mutual funds. The program was launched around 4 months ago, and is growing rapidly. The overall yield … “Trade Leaders Program – $2 billion Already Traded”
Category: Forex industry
FXStreet to Manage Forex Crunch Advertising
I’m happy to announce that the advertising management of this site will be managed by the large and established forex portal FXStreet. The deal will begin in April. This will allow me and the rest of the members on Forex Crunch to dedicate more time to content, and to boost its growth. For FXStreet, already … “FXStreet to Manage Forex Crunch Advertising”
Forex Crunch Wins FXStreet’s Best Fundamental Analysis Award
I’m very proud to announce that Forex Crunch has won the Best Fundamental Analysis award in the Forex Best Awards 2011 event held by FXstreet. This is a great honor. 7880 votes were cast in 12 categories during two weeks. In the best technical analysis reward, the winning report is the weekly experts forecast, in … “Forex Crunch Wins FXStreet’s Best Fundamental Analysis Award”
Money in Motion Currency Trading Sponsored by FXCM
CNBC is airing a new show, solely dedicated to forex trading. The new show, starting on February 25th, will be sponsored by US forex broker FXCM, that puts its foot in the mainstream media. The show on Friday’s will likely summarize the week, as it’s aired in the US afternoon. But Money in Motion will … “Money in Motion Currency Trading Sponsored by FXCM”
CitiFX Announces More Competitive Spreads
CitiFX leverages its strong institutional background and now offers better spreads. The new spreads are divided into two groups, with the tightest spreads, such as 1.2 pips on EUR/USD, available for accounts larger than 50,000. This broker is aiming for the bigger forex traders, not necessarily full time traders, but the ones that don’t come … “CitiFX Announces More Competitive Spreads”
First Binary Options Exit – TraderXP sold by SpotOption
Binary options company TraderXP was sold to a private buyer. The size of the deal hasn’t been disclosed. The seller, SpotOption, announced that it prefers to focus on it’s binary options platform rather than on its brokerage. SpotOption’s core business is the software it provides to binary options brokers. It will now focus on the … “First Binary Options Exit – TraderXP sold by SpotOption”
Forex Best Awards 2011 – FXStreet
Leading forex portal FXStreet has an annual awards events in 12 different categories – all are contributors to their site. I’m honored that Forex Crunch is nominated in 2 categories – both in the best fundamental analysis category and in the best new contributor category. The winners will be determined according to viewers’ votes. Voting … “Forex Best Awards 2011 – FXStreet”
Forex Broker Profitability Rules Change
Remember that one broker had much higher profitability than others? Well, this was probably due to passive accounts that paid interest. The calculation is going to change – meaning that we’ll see significant changes. The new CFTC rules introduced in October included a requirement to include the number of accounts and the percentage of profitability. … “Forex Broker Profitability Rules Change”
Unregistered Forex Brokers Sued by CFTC
The CFTC made a major move against unregistered forex brokers – they sued no less than 14 brokers. Lawsuit were filed in 4 different courts across the US. Here are the names of the companies: EuroForex Development LLC, a Delaware LLC; FIG Solutions Limited, Inc., a Delaware corporation; ForInvest, a Delaware corporation; FXOpen Investments Inc., … “Unregistered Forex Brokers Sued by CFTC”
eToro Introduces Foursquare Style Badges
eToro, a forex broker known for it’s easy to use platform and social network, introduces Foursquare-style badges. Traders can now earn recognition for their successes. eToro also announces a big round of funding. Social prizes The Market Leaders program rewards the traders for accomplishments in different fields. Badges are earned per geographical regions (similar to … “eToro Introduces Foursquare Style Badges”