BY: Sergio Rocha BROKER: IBFX TOPIC: NFA FIFO rule Now IBFX USA has decided to give a twist to the FIFO NFA rule. Since a week or so, if you have 2 or more orders in the same pair, you cannot have independent stop loss or take profit, instead if you change this in some order goes…
Read moreShares of retail forex broker Gain Capital (NYSE:GCAP) fell as much as 10% during trading on Tuesday, dropping briefly below the $6 level for the first time since 2013. (As at the time of writing they were sitting at $6.16, down 7% on the day). Gain Capital, which operates the Forex.com brand, went public in…
Read moreIt looks like investors are expecting a bang. Shares in CFD broker Plus500 (LON:PLUS) have traded up more than 51% in the past month, including 15% in the past week and 6% yesterday, in advance of the company's release of Q2 results tomorrow, Wednesday August 13. Plus500 already gave us a glimpse into what it…
Read moreLeapRate Exclusive... LeapRate had learned from updated CFTC data that cash held in US retail forex trading accounts fell to a multi-year low in June 2014. Total clients assets were $591 million, down 2% from May's $599 million. Looking back a while, the US retail forex industry has shrunk more than 20% from year end…
Read moreWith Forex industry leader FXCM reporting a net loss in its second quarter results earlier this week, there are many in the industry wondering if the current malaise facing the industry due (mainly) to lower volatility in 2014 is reason for long term concern. A closer look at FXCM's Q2 results shows - probably not. Let…
Read moreLeapRate Exclusive... LeapRate has learned that the May acquisition by FXCM (NYSE:FXCM) of FXDD's US client assets was done for cash consideration of $4.4 million. It turns out that the assets acquired were a little less than previously advertised - FXCM ended up getting $23.4 million in client equity spread among 6,172 active accounts. FXCM's…
Read moreVon der Recke was previously Chief FX Dealer at Commerzbank, currency manager for the State Pension fund of New South Wales, and an IB for UBS Switzerland and DRKW Germany.
Read moreHowever FXCM sees Q2 Revenues drop 15% from Q1 and 30% YoY, leading to a net loss of $1.5 million for the usually-profitable broker.
Read moreLeapRate has learned that Japanese web and trading giant Yahoo! Japan (TYO:4689) has launched a new Retail Forex brokerage in the UK, called Gulliver FX (interesting choice of name!). Gulliver FX is regulated by the FCA. Yahoo Japan! is no stranger to online trading. The company - originally set up as a joint venture between Yahoo!…
Read moreRetail Forex broker and Swiss Bank Swissquote (SWX:SQN) has reported its First Half 2014 results, showing an increase in Revenues and a slight decrease in Profits as it continues to integrate the acquisition of MIG Bank. On the FX front, Forex trading volumes averaged $73 billion per month at Swissquote during the Janaury-June 2014 period, down about…
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