Forex Crunch » FXCM

FXCM Announces Faster MT4 Offering

Yohay — Tue, 24 Jan 2012 14:47:50 +0000

US forex broker FXCM launches a new version of its MetaTrader 4 offering. The new version eliminates third party bridge software, thus enabling faster execution and it claims that traders coming from other brokers will see a big difference.

The new offering came after FXCM saw the high demand for this platform. FXCM enables EAs, including scalping ones with this version.

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FXCM Receives a $75 Million Credit Line from Bank of America

Yohay — Tue, 20 Dec 2011 22:54:34 +0000

US Forex broker FXCM announces a credit line of $75 million from Bank of America (BAC). This credit line could be doubled in the future, and will enable the company to expand its operations and perform further mergers and acquisitions.

FXCM already had some M&A action following its IPO around a year ago and continues growing in terms of tradeable accounts and also other parameters.

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FXCM Saw More Tradeable Accounts, Higher Retail Volume, Lower Institutional Volume

Yohay — Fri, 16 Dec 2011 09:49:25 +0000

US forex broker FXCM released its trading metrics for the month of November 2011. This includes separate figures for retail and institutional clients.

The number of retail tradeable accounts continued rising and reached 192,772. Also trading volume among retail customers continued rising and reached $345 billion.

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The US economy is in no state to support the global community

Yohay — Wed, 30 Nov 2011 10:53:22 +0000

While recent indicators have been positive, the recent crisis in Europe is too strong for the world’s No. 1 economy. In the euro-zone, a rate cut seems likely, at least for easing the pressure for quantitative easing.

John Kicklighter of DailyFX discusses the crisis, the US economy, the status of safe haven currencies and more in the interview below.

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FOMC Disagreement Likely To Yield No Policy Changes

Yohay — Tue, 01 Nov 2011 21:16:42 +0000

The ammunition that the Fed claims to have will likely stay in storage for now. David Rodriguez of DailyFX says that the disagreement within the members is likely to yield a unified message but no action.

Mario Draghi will likely want to build credibility and skip a rate cut. And what about the credibility of the Japanese authorities with the recent intervention? Rodriguez provides answers to these questions and more in the interview below.

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FXCM Continues Strong Growth, Debuts Rates on NYSE, Completes Japanese Acquisition

Yohay — Mon, 17 Oct 2011 07:18:49 +0000

A lot of news is coming out of US forex broker FXCM recently. The broker enjoyed a surge in customer activity during September both in retail and in institutional trading. The impressing numbers are in line with numbers from other brokers, such as FxPro.

In the M&A front, FXCM completed the acquisition of Foreland, a broker from Japan, just after announcing a significant cooperation in France.

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FXCM Partners with Bourse Direct to White Label Forex Trading Platform in France

Yohay — Mon, 10 Oct 2011 17:28:48 +0000

Bourse Direct, a French financial broker, will white label the Trading Station platform of US Forex broker FXCM. This partnership is another move that extends the activity of FXCM.

Bourse Direct has over 50,000 registered account holders that will now have access to the capabilities that FXCM France account holders have.

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CFTC Charges $6 million more from FXCM on Failure to Maintain and Monitor Systems

Yohay — Mon, 03 Oct 2011 19:11:41 +0000

The case of US broker FXCM and positive slippage has another twist: FXCM has been ordered to pay an additional sum of $6 million to the CFTC.

According to the case settled by both sides, the company failed to provide an equal treatment to all customes regarding adjustments in prices. It also failed to seriously investigate suspicious activity in all related accounts.

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FXCM Sponsors the CNBC Million Dollar Portfolio Challenge

Yohay — Tue, 20 Sep 2011 16:15:31 +0000

US Forex Broker FXCM enhances the cooperation with CNBC and will now sponsor the One Million Dollar Portfolio Challenge – a virtual trading contest where each participant get 1 million virtual dollars and can trade currencies as well as stocks.

FXCM already sponsors CNBC’s Money in Motion Currency Trading TV show. With current stock market performance, will more participants dive into forex trading? Hopefully this sponsorship will assist the whole industry and maybe the winner will lean towards trading currencies rather than stocks.

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FXCM to Buy Foreland Forex – A Japanese Forex Broker

Yohay — Thu, 15 Sep 2011 07:34:03 +0000

The publicly traded US forex broker FXCM continues to expand. Foreland has over 18,500 accounts in Japan, not far from 25,700 that FXCM has in this country.

So, this move is a big boost to its business, making it one of the biggest brokers in Japan.

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