National Futures Association (NFA) has ordered IBFX to permanently withdraw from NFA membership and from acting as a principal of an NFA Member. IBFX is an NFA Member registered retail foreign exchange dealer and registered swap dealer located in Plantation, Florida.The decision follows a November 2nd four-count complaint brought by the NFA against the broker that alleged that IBFX had failed to comply with CCO requirements as a provisionally registered SD and failed to implement an adequate risk management program, in violation of NFA Compliance Rule 2-49.
International Forex broker FXTM has announced its new ‘Forex Trading Legends' contest. This is the broker's biggest live trading competition since its 2015's ‘Game of Pips' and it offers all registered traders the opportunity to compete for the ‘Ultimate Global Forex Legend' title and for the top prize of $50,000 out of a total pool of $100,000.
SuperTradingOnline (stofs.com) has just added an exciting new bonus to their lineup. The Limassol, Cyprus based Forex broker is now offering a 10% interest rate on all deposits made to a trader's account starting March 1st and continuing until December 31st, 2016.
Based in Australia, DMM FX is one of the fast-growing brokers down under, and is a reputable broker that accepts traders worldwide. The company has recently introduced policy changes to reduce costs and will stop charging fees for clients' payments processing. The changes went into effect on Monday, February 8th and involve waiving all fees on deposits and withdrawals for transactions above 1000 units of base currency (or 100,000 units when in Japanese yen).
Can an FX provider offer its clients better execution than the futures market or the interbank market? According to a report just released by Forex Capital Markets, LLC, orders executed by FXCM Retail Client Services had prices that were equal or better than those of futures or interbank markets in majority of categories.
CMC Markets UK plc has officially announced its plans to go public on the London Stock Exchange (LSE).
Exness has just announced the launching of its new MT4 web platform. The Forex broker is the latest company to join the lineup of firms adding the web version of the popular MetaTrader 4 (MT4) platform to their offerings.
FXCM is moving fast to establish a comeback after dealing with the fallout of last January's Swiss Franc spike and the $275 million loss it caused at the company.