Category Archives: Forex News

See all posts talking about Forex News, from the Forex Figures – the DailyForex blog

DailyForex Expands to Support Swedish & Polish Traders

DailyForex.comFORT LAUDERDALE, Fla. - March 5, 2017 -  DailyForex, a company that provides currency traders with updates and analysis about the currency markets, has announced today the launch of its website in Swedish and Polish.  The Swedish and Polish websites offer timely market analysis directly from the DailyForex trading desk as well as reviews of Forex brokers that serve the Swedish and Polish markets.

DailyForex Polish Website: http://pl.dailyforex.com
DailyForex Swedish Website – http://se.dailyforex.com

The DailyForex website is also available in English, Arabic, Spanish, Italian, French, Turkish, German and Japanese.  The addition of these languages results directly from the need for quality content and reliable information for native Polish and Swedish speakers who are usually forced to read information in English due to the lack of websites in their native tongues.

“It’s very exciting to be able to bring valuable information to a wider audience and to help people understand the currency markets properly,” said Adam Lemon, Chief Analyst at DailyForex.  “When someone’s money is at stake it’s critical for them to understand trading strategies and principles properly and oftentimes critical details get lost in translation or aren’t understood completely when traders read articles in a secondary language.”

In addition to providing timely market analysis, each new language website offers a comprehensive ebook that traders can use to learn more about currency trading at their convenience as well as educational articles that were written by professional traders with the express goal of guiding traders at all levels to become profitable, long-term currency 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.

FXCM Stock to Move from NYSE to NASDAQ

Global Forex broker FXCM announced on September 13, 2016 that it is transferring its stock trading from the New York Stock Exchange (NYSE) to the Nasdaq Global Market. The company’s final day of trading on the NYSE will be on Friday, September 23, 2016. Trading will commence on Monday, September 26, 2016 on the NASDAQ. The company’s trading symbol will remain FXCM.

In its press release about the change, there was no reason given. The company’s CEO did note that “At this time we feel moving our shares to NASDAQ is the right decision for our business. We recognize all that the New York Stock Exchange has done for us over the last few years, and we look forward to our shares trading on Nasdaq.”

FXCM’s stock has been the subject of much scrutiny since dropping close to 90 percent after the Swiss National Bank unlinked its currency in January 2015. By September 2015, the company’s stock had plummeted to under $1 per share, and the company faced ejection by the NYSE because its price breached the exchange’s standards. The company’s stock price eventually bounced back to nearly $25 before settling in at lower levels. At the close of the NYSE yesterday FXCM stock was trading at $9.25 per share.

NYSE vs. NASDAQ

The primary difference between the NYSE and NASDAQ exchanges is the way the transactions take place. The NYSE is an auction market through which individual traders buy and sell between one another and an auction occurs to match the highest bidding price with the lowest asking price. The Nasdaq, on the other hand, is a dealer’s market in which traders aren’t trading with each other, but through a dealer or market maker.

The price for getting listed on the Nasdaq is only $50,000 to $70,000, while a listing on the NYSE can be up to $500,000. For this reason, Nasdaq stocks are generally thought to be more tech-oriented and to have higher volatility and potential for growth, whereas NYSE stocks tend to be more stable and established companies.

FxPro Reverses Course, Raises Leverage Ahead of Brexit Vote

Bucking the trend put into place by most Forex brokers to raise the margin requirements on all trades in response to the upcoming Brexit referendum, FXPro has just informed its clients that they can trade this week at near-normal margin and leverage conditions. Continue reading