Check out the latest breaking news from the dynamic world of forex trading. Maintain your edge with up-to-the-minute coverage of the latest regulatory changes, industry conferences, broker developments and more.
Most Recent
Under new rules introduced by the government on January 31, Forex brokers in Australia will now be required to hold net tangible assets greater than A $500,000, or 5% of average revenue with this amount set to double to $1 million, or 10% of average revenue by January 31, 2014. These stricter regulations have forced online foreign exchange broker FxPro to move its Australian operations out of the country and to merge it with those in Cyprus and the UK. This transfer comes just over a year after choosing Sydney as the base for its expansion into Asia.
Turkish Forex brokerage, Integral Menkul, has joined a long list of global trading companies that have been offering their clients Mirror Trading. Mirror Trading, a social trading platform introduced by Tradency.com, has become quite popular of late by combining traditional trading features with managed social trading capabilities.
The Cyprus Securities and Exchange Commission (CySEC) has begun investigating several Forex Trading Companies regarding rampant accusations of illegal trading procedures. Rumors abound about brokers conducting various types of ponzi schemes and others who have been cheating clients of billions of dollars. To outsiders, it seems that CySEC may be lowballing the fines it imposes on these brokers and taking their sweet time to conclude their investigations, making it that much more worthwhile for them to continue their schemes until their illegalities are uncovered.
Top Forex Brokers
The head of the world's nearly 1.2 billion Catholics, Pope Benedict XVI, said that he would be leaving his position at the end of the month, citing failing health and an inability to perform his duties as the reasons for his resignation. Catholics worldwide were shocked; financial markets, not so much.
Binary option trading has become one of the most popular investment techniques in the market today. It offers many features that appeal to the novice as well as experienced trader, and it is a simple system easily understood and put into play.
The latest Forex broker to join the growing mass of brokers that are rebranding themselves or attempting to revamp their appearance is industry leader Markets.com, whose name has stayed the same, but whose website has just undergone an extreme makeover. In addition to a new look, the brand has also introduced significant changes to its technical offerings.
Banc De Binary, a leading binary options platform, has recently opened an office in Limassol, Cyprus, which will serve as the company's headquarters for business conducted in Europe and the Middle East. The opening of this office constitutes a multi million euro investment in the island which is also the home to many other Forex brokers and binary options brokers such as FXCC, OptionYard and Trade Rush.
Tim Musomba is a trader, Live Room moderator and this year launched his managed accounts career. He has spent several years building his own unique self-developed method for trading the markets.