Tag Archives: news

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.

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.”

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.

DailyForex App Adds Push Notifications for Price Alerts

The Company’s Android and iOS Apps Keep Traders Updated Around the Clock

FORT LAUDERDALE, Fla.Nov. 15, 2016PRLog — DailyForex, a company that provides currency traders with updates and analysis about the currency markets, has announced today the update of its Android and iOS DailyForex mobile application to include instant push notifications that will alert traders every time certain price triggers are hit.

DailyForex’s new alerts service sends immediate, easy-to-follow push notifications to all users when significant price events happen to the major currency pairs. The company’s trading team discovered that most typical, generic offerings are mainly indicator or news-based, and therefore they tend to simply generate noise rather than provide a real value to Forex traders. To solve this problem, the company’s talented technical team worked diligently with its daily traders to create a notification system that would be based upon real-time market triggers.

“Traders tend to find better success when they focus on the price and not lagging indicators,” said Adam Lemon, chief analyst at DailyForex. “I know that these notifications will help thousands of users, and I hope we can expand this feature soon to make it even more useful.”

The result was a push notification system based solely upon significant, relative price events which have been used for centuries as basic building blocks by professional traders to good effect. Each push notification has a direct headline that tells traders of the market action, which opens into a more detailed message explaining the significance of the price event.

About DailyForex

DailyForex was established out of a strong need for a Forex website that provides all the information necessary to become a successful Forex trader. DailyForex.com provides in-depth reviews of Forex brokers, signal providers, online and offline Forex courses, as well as Forex products. Our goal is to provide both new and experienced Forex traders with a set of clear and easy-to-use tools that will enable them to make educated decisions when choosing any type of Forex-related service.

http://www.dailyforex.com

Kawase Appoints New CEO

Kawase, a Forex broker that is based and regulated in Cyprus, is happy to announce the appointment of a new CEO, Alex Katsaros. With a BA in accounting and an MBA in finance, Mr. Katsaros bring with him both proper educational training and on-the-job experience that will should help him propel Kawase forward as a leading Forex brokerage.

Prior to joining Kawase Mr. Katsaros was the Head of Product Development for cTrader, the trading platform that is currently used by Kawase and many other Forex brokerages. Mr. Katsaros began his career as a professional trader and maintains numerous licenses and professional certifications including a CySEC advanced license and CISI’s Investment Management certificate.

About his recent appointment, Mr. Katsoras said: “I am very honoured and excited to expand our services and introduce Kawase’s ethos, transparency and great service to more clients around the globe. My vision is for Kawase to be the leading cTrader broker by leveraging our deep understanding of the platform. Our efforts will be focused around our core values: fairness, transparency, innovative technology and high quality support.”

The appointment coincided with the company’s recent rebranding and redesign efforts which have created a sharper, more intuitive website. The company’s efforts to provide top-notch technical solutions with an easy-to-follow website and top notch customer support make it a brand that is worth trying. To learn more about Kawase and its offerings, read our full Kawase review.