Category Archives: Forex Brokers

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UFX Partners with Andres Iniesta

Iniesta Joins UFXUFX.com, a leading Forex broker regulated by MiFID and IFSC in Belize, announced today its partnership with football superstar Andres Iniesta, who has signed on to become the latest brand ambassador.  Iniesta has been playing with FC Barcelona since 1996, where he captained their Under-15 team.  He currently the captain of the team’s Spanish Club and Spanish National Team as well as a valued player in central midfield.

Iniesta is widely considered one of the most respected Spanish football players in history, as well as one of the best midfielders of all time.  He scred Spain’s winning goal in the 2010 World Cup and earned the title “Man of the Match.”  Iniesta has earned an astounding 33 trophies to-date and is honored to have signed a 2-year contract with UFX.com, with an option to extend to a 3rd year.  He is viewed by the broker as an important part of their online marketing campaign, the goal of which is to reach a wider global audience.  Iniesta joins Mike Tindall, MBE, the brand’s UK ambassador and a rugby legend.

Dennis de Jong, Managing Director of UFX.com, said: “UFX is proud to announce our association with Andrés Iniesta. With our shared commitment to excellence and UFX’s devotion to our traders, I’m certain our new alliance with Andrés Iniesta will help take us all to the next level of success.”

Traders can get started with UFX for a minimum deposit of only $100 and can enjoy trading currencies, commodities, CFDs and dozens of other assets.

FXTM Sponsors Rookie IndyCar Driver Ed Jones

Indy500Leading global Forex broker FXTM has announced its sponsorship of Rookie IndyCar driver Ed Jones, a partnership which comes right after the company partnered with Sahara Force India, an F1 team.  FXTM’s partnership with these leading brands gives the company a prominent role in two-thirds of the most iconic motorsport events of the season.

FXTM’s motorsports partnerships serve a dual purpose; they testify to the company’s continued success in becoming a recognized global brokerage, and they attest to the qualities that FXTM wants to be known for in the financial world.  Specifically, said Martin Lamming, FXTM’s Global Head of Marketing, success in motorsports requires “dedication, innovation and a commitment to learning.”  It is exactly these three attributes that Lamming believes have lead to FXTM’s recent success as well.

Added Lamming: “Ed is a phenomenal young driver.  He has displayed a dedication to his sport that has seen him successfully climb the ranks of lower series to earn a place on the grid of the iconic Indy 500. As an ambitious brand driven by a commitment to excellence in trading, learning and innovation, FXTM are proud to be sponsoring him for the landmark race of his career so far.”

We look forward to hearing about Jones’s continued success and, of course, about FXTM’s continued achievements as well.

HYCM Granted CySEC Regulation

HYCM, an FCA-regulated Forex broker has been granted CySEC licensing and regulation, expanding the company’s reach throughout Europe. The brokerage also has strong operations in the UK, Hong Kong, Cyprus and Dubai.

hycm

Stavros Lambrouris, the CEO of HYCM Europe, said about the achievement that “The CySEC authorisation marks a milestone in our history as part of our plans to expand our global operations. We now have a gateway to the European market, affirming our commitment to our European clients whilst rubber-stamping the company’s position as a global leader.”

Formerly known as HY Markets, HYCM is part of the Henyep Capital Markets Group. The brokerage offers a range of services for traders and has headquarters in the United Kingdom, Dubai and Kuwait. The company’s proprietary Prime Trader platform offers guaranteed stop losses, integrated pricing, trade screens and technical charts that are designed to provide a comprehensive trading experience for intermediate and advanced traders.

HYCM also offers its traders access to the popular MetaTrader 4 platform for both desktop and mobile traders.

More Changes for FXCM

FXCM announced earlier this week that it will be changing its company name to Global Brokerage, Inc. and that its stock trading ticker will be changed to GLBR as of market opening on February 27, 2017.FXCM

The company also announced that its Director and Chairman of the company’s Board of Directors, Drew Niv, has resigned, and that he will be replaced immediately with Brian Reyhani as Chairman of the company’s Board of Directors.  Mr. Niv will also relinquish his post as the company’s CEO, to be replaced by interim CEO Brendan Callan, who has been the CEO and President of European Operations subsidiary since 2010.

Jimmy Hallac, a Managing Director of Leucadia, the company that bailed out FXCM following the Swiss National Bank crisis in 2015, has been appointed as Chairman of the FXCM Group, after William Adhout resigned this week as Director of the Board.

Despite the changes in the company’s executive structure, FXCM (or Global Brokerage, Inc.) remains committed to putting its customers first and is expected to remain a leading global Forex brokerage. Commenting on the appointments, Leucadia’s CEO Rich Handler and President Brian Friedman commented:  “We are very excited to have Brendan and Jimmy in their new roles.  We believe that, under their leadership, FXCM Group will be able to continue to enhance and grow its global platform and customer offering.   Brendan and Jimmy share our deep commitment to always putting clients first, maintaining and building a culture of transparency, communication and support among employees, and responding to the needs and goals of all relevant constituencies, including FXCM’s customers, employees, regulators, business partners and equity owners.”

FXTM Gears Up to Reveal New Partnership with Sahara Force India

Global award-winning broker FXTM is the official forex partner of the Sahara Force India Formula One™ Team.

This prestigious partnership heralds a fantastic 2017 for both teams, who each rose to new heights in 2016. Sahara Force India captured the attention of Formula One™ fans and international media when they stormed into fourth place in the Constructors Championships, beating top names McLaren and Williams. New partners FXTM had an equally successful 2016, adding a number of prestigious awards – including Top Customer Service Provider – to their trophy case.FXTM

“The parallels between Sahara Force India and FXTM are striking,” says Olga Rybalkina, CEO of ForexTime Limited. “They too are a young, dynamic team who have taken on established, big name competitors and come out on top. Just like us, they owe their success to innovation, speed, and their dedication to training.”

It is a focus on training and speed that has enabled FXTM to dominate the global forex market. Launched in 2011, the broker’s pioneering approach to client education sets it apart from other industry leaders. Its Market Analysis team provide twice daily commentaries on market movements, and work alongside a dedicated Education department to deliver seminars, workshops, lectures, and events to traders across the globe. This, coupled with lightning fast execution speeds and pioneering products — including a newly launched Gold Bullion service — has further established FXTM as an industry leader.

“Education, training, and excellence drive our brand,” says Rybalkina, “And it is important to us that our partners embody those values. For this reason, we are incredibly proud to be supporting Sahara Force India, and look forward to an exciting year of racing.”

With the first test in Barcelona in less than a week, the 2017 season certainly promises excitement. Sahara Force India is fielding a new driver pairing, the promising young Esteban Ocon will join team stalwart Sergio Pérez. With new aerodynamic rules and tyre widths also coming into force this year, they will be tackling some of the biggest changes to the sport in recent history. Experts predict the changes will herald faster lap times and more overtaking; heightening the parallels between Formula One™ and forex trading.FXTM

“The current turmoil in the currency markets creates exciting opportunities for traders,” says Rybalkina, “Which is why FXTM is committed to providing our clients with the training resources and advanced trading tools they need to perform at their best. It is this dedication to training, innovation, and speed that sets us apart from our competitors and enabled us to challenge the bigger brokers. It is an approach we share with Sahara Force India, and we believe that our new partnership will help propel both teams to the top of the leader board in 2017.”

 

Disclaimer: The content in this article comprises personal opinions and ideas and should not be construed as containing personal and/or other investment advice and/or an offer of and/or solicitation for any transactions in financial instruments and/or a guarantee and/or prediction of future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability as to any loss arising from any investment based on the same.

Risk Warning: There is a high level of risk involved with trading leveraged products such as forex and CFDs. You should not risk more than you can afford to lose, it is possible that you may lose more than your initial investment. You should not trade unless you fully understand the true extent of your exposure to the risk of loss. When trading, you must always take into consideration your level of experience. If the risks involved seem unclear to you, please seek independent financial advice.

NOTES TO EDITORS

The FXTM brand provides international brokerage services and gives access to the global currency markets, offering trading in forex, precious metals, Share CFDs, ETF CFDs and CFDs on Commodity Futures. Trading is available via the MT4 and MT5 platforms with spreads starting from just 1.3 on Standard trading accounts and from 0.1 on ECN trading accounts. Bespoke trading support and services are provided based on each client’s needs and ambitions – from novices, to experienced traders and institutional investors. ForexTime Limited is regulated by the Cyprus Securities and Exchange Commission (CySEC), with license number 185/12, licensed by the SA FSB with FSP number 46614, and registered with the UK FCA under reference number 600475. FT Global Limited is regulated by the International Financial Services Commission (IFSC) with license numbers IFSC/60/345/TS and IFSC/60/345/APM.

 

FXCM Exits the U.S. Market

FXCMOn February 6, 2017 leading Forex broker FXCM announced a settlement with the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC) in which the company agreed to withdraw from all activities and services in the United States and transfer all of its existing accounts to GAIN Capital Holdings, the parent company of Forex.com, pending the confirmation of a final agreement. FXCM will also pay a $7 million fine to the CFTC for engaging in false and misleading solicitation of clients, an accusation which FXCM neither confirms or denies despite its agreement to the proposed settlement and fines.

Until now, FXCM was considered the largest retail Forex broker in the U.S., enjoying approximately 34% of the market share. Withdrawal from the U.S. market will liquidate approximately $52 million for FXCM, which will use the money to repay part of the loan that it took from Leucadia National Corporation following the Swiss National Bank crisis in 2015. FXCM is a publicly traded company on the NASDAQ and its stock price is expected to fall sharply with Tuesday’s New York open, falling further from the lows it’s been struggling with in recent months.

FXCM will continue to service its U.S. clients until a formal agreement is reached with GAIN Capital, and it has stated in a press release that the decision to withdraw from the U.S. Forex industry will have no bearing on its ability to continue providing top notch service to traders in other parts of the world.

AvaTrade Partners with FutexLive to Provide Trading Courses

AvaTrade, an internationally-regulated Forex broker, has announced its partnership with FutexLive, an interactive online trader knowledge portal whose goal is to help traders learn how to trade profitably. FutexLive offers Forex learning at a quick speed to help traders develop an edge in their trading as soon as possible.AVATrade

FutexLive also offers live daily market analysis and educational classes that provide traders with an in-depth understanding of market movements, how to read technical charts and other topics that are critical for anyone who wants to become a long-term trader.

AvaTrade was launched in 2006 and has become one of the leading Forex brokers worldwide, with regulation in the European Union, Japan, Australia, South Africa and the British Virgin Islands. The brokerage offers currency and commodity trading, CFD trading and spread betting opportunities. To learn more, read our full AvaTrade review.