Post Tagged with: "forex industry"
FX Week Best Retail Platform Goes to CitiFX Pro
After winning an award from the British P&L magazine, CitiFX Pro continues to grab awards: this time it is from FX Week. The industry newsletter named CitiFX Pro as the “best retail platform” in the 2011 e-FX awards. The forex trading platform previously announced that it will be servicing Saxo Bank clients in the US.
FXCM Close to $1 Trillion Trading Volume in Q2
US forex broker FXCM released some numbers for June and Q2 2011. It was a record quarter for the broker in terms of volume: $938 billion. They have also seen a rise in tradeable accounts. The record month was May, but June wasn’t far behind. The 3% drop can be related to the number of
Oanda is Back to the Top Spot, Overall Profitability Falls
In the second quarter of 2011, US forex brokers profitability rates dropped. According to a fresh report generated by Michael Greenberg, Oanda is back to the top spot in profitability rate (although lower than in Q1) and also remains the biggest US broker in terms of clients. It is important to note that a few
Saxo Bank to be Serviced by CitiFX Pro in the US
The news keep pouring from CitiFX Pro, which realizes the plans for expansion in 2011. Saxo Bank and CitiFX have partnered in the US: qualified customers will be transferred from Saxo to CitiFX Pro to trade margin FX online. This cooperation, between strong forces on both sides of the Atlantic is another step in the
Best Retail FX Platform Goes to CitiFX Pro
The readers of the British magazine Profit & Loss have voted CitiFX Pro to be the best retail FX Platform. Over 10,000 readers voted. Apart from this vote, CitiFX Pro also won 5 other awards in the bank provider categories. This joins previous news from CitiFX Pro, regarding fast expansion plans for 2011. In the
A Quick Glimpse at Forex
What is forex? Yes, the answer is long, but here’s a chance to get quick explanations and many interesting figures in one graphic image. CMS Forex has made a nice infographic explaining it. While it doesn’t and can’t provide the full picture, it looks great. CMS Forex, that was acquired by Gain a few months
FXCM Sees Higher Volume, More Trades in May
US based forex broker FXCM published key metrics for the month of May. Most components show nice rises from April 2011 and from May 2011. This includes volume of trades, number of trades and also the number of tradeable accounts. The only metric that is slightly lower is the number of active accounts. The action
Benzinga Gets $1.5 Investment from Groupon Founders
Finance portal Benzinga got an investment of $15 million from Lightbank, a fund started by Groupon founders. The financial site is growing fast, including a thriving forex section and will now seek further expansion. The money will be used for expansion in staff, business development and more. Full details are in the press release
ForexStreet.net Gains Traction – Becomes Serious Player in Forex Social Sites
FXStreet’s social network, ForexStreet.net, gains traction and crossed the 3500 member line and is expected to cross the 100,000 page views mark in May. This rise will likely impact the popularity of other networks, and shows the interest for such interaction in the industry. ForexStreet.net’s forums are becoming more active, and the site also leverages
First Regulated Binary Options Affiliate Program Launched by Tradesmarter
The world of binary options is growing up, and following the lead of forex. The highly regarded Australian regulation body ASIC is regulating Tradesmarter, which is now launching a fresh affiliate program. Binary options can be used for hedging, an alternative to traditional stop loss orders and also as tool for trading the news. More