FXCM, (www.fxcm.com) one of the world’s largest online forex brokers, has introduced a beta version of its mobile trading platform. Available for iPhone, BlackBerry, and Windows Mobile phones, FXCM’s mobile Trading Station II provides forex trading anytime and anywhere.*
FXCM Mobile TSII gives traders the ability to keep track of their account (balance, equity, and margin), place trades, manage positions, watch breaking market news, and view real-time 5 minute charts. Similar to FXCM’s award winning desktop trading platform, FXCM Mobile allows traders to quickly react to changing market conditions.
“Forex is about capturing opportunities in a 24-hour trading environment. Even today, in our increasingly connected digital world, people spend a significant amount of time away from their desktop. Now they can easily stay on top of the market while away from their computer,” said Michael Buzzeo, vice president of marketing at FXCM. “We are launching our mobile trading platform and a suite of supporting tools to enable traders to get vital information and be able to act on it regardless of location, 24 hours a day. FXCM Mobile users can set mobile alerts through DailyFX.com as well as view rates, explore a daily economic calendar and watch forex videos to help gauge where the market is heading.”
FXCM Standard and Micro account holders can begin mobile trading immediately using their existing username and password. To learn more about FXCM’s full mobile offerings, and to download FXCM’s Mobile trading application now, click here: http://clk.atdmt.com/FXM/go/208474137/direct/01/
As this is the beta version of the product, please be sure to review the execution risks. FXCM welcomes all client feedback as we continue to make improvements to the product.
Broco is still covering all fees for depositing funds through the Monebookers payment system. Up until the 15th of March, the 2% fee will be covered by Broco.
Take advantages of using the Moneybookers — one of the most popular payment systems in the world.
You can also compare all available Deposit/withdrawal methods and choose the one that suits you best.
The LiteForex group of companies extends the promotion meeting its clients wishes
A bonus promotion launched January 21, 2010 will be extended till the end of March. “Initially we planned to finish the promotion in the end of February, but after we saw how interested in it our clients had become we have decided to make the promotion last one month longer,” – Alexey Smirnov, the president of the LiteForex group of companies says.
A bonus promotion had a great success among LiteForex company clients and there is no wonder why – an attractive scheme of bonus depositing opens new financial horizons for the promotion participants.
“We have been always having a service of high quality and competitive trading conditions as our main goal. A trader taking part in our promotion can reduce his capital investments considerably and at the same time increase his trading opportunities,” – Alexey Smirnov continues.
A bonus promotion had been widely discussed at the companys forums at: http://forum.liteforex.org and http://forum.forexpeoples.com. You can find more information about the promotion conditions here: http://liteforex.org/promotions_depo.php
Saxo Bank, the online trading and investment specialist, will now offer property investment products for both private clients and institutional investors through a new company, Saxo Properties.
The newly formed investment firm Saxo Properties, fully owned by Saxo Bank, will launch closed-ended funds for both high net worth clients and institutional investors. Two of the Danish real estate industry’s most well-known individuals, Jesper Damborg and Claus Klostermann, will respectively become CEO and managing director of investments at Saxo Properties.
”Initially, Saxo Properties will focus on handpicked Copenhagen residential, office and retail properties. The first fund will close within the next three months, but we intend to establish a number of funds with a significant ownership capital of at least DKK 250 million,” says Jesper Damborg.
Saxo Bank's business model is often described as a facilitator model where the bank through its trading platforms offers liquidity, products and services to clients as obtained from other financial institutions. Saxo Properties will use the same model. Saxo Bank has hired Flemming Schandorff, the former COO of ISS, one of the world's largest commercial providers of facility services, to a similar position at Saxo Properties to facilitate administration of the estates.
“First and foremost, Saxo Properties will prioritize achieving attractive market returns, but we will also focus on how to capitalize on tight cost control and good management, such as rebuilding, mixed lease and general maintenance,” says Jesper Damborg.
Saxo Bank's CEOs and founders, Kim Fournais and Lars Seier Christensen, said in a joint statement:
“Saxo Bank holds asset under management of DKK 40 billion, and our focus on asset management has proved a great success. Many clients have asked for property investment products and there is also a clear synergy between Saxo Asset Management and Saxo Properties, which we can now utilize. Many properties are traded at a low price especially in Copenhagen, so the timing is right to expand our asset management to include property investment products.”
Last year, Saxo Bank bought Sirius Asset Management, Capital Four and 51 percent of Global Evolution. The three companies now account Saxo Asset Management, which has management expertise for Danish bonds, Danish equities, corporate bonds and emerging market bonds.
Broco is still covering all fees for depositing funds through the Monebookers payment system. Up until the 15th of March, the 2% fee will be covered by Broco.
Take advantages of using the Moneybookers — one of the most popular payment systems in the world.
You can also compare all available Deposit/withdrawal methods and choose the one that suits you best.
The sixth round of FXDrive Contest has been concluded, and the results are sure to spark a discussion. When our list of forex champion was announced, it has stirred a wave among the participants of the contest. No one thought that the last round of Champion, Chuan Hu, would once again take first place in the FXDrive contest and break his own profit record of $62,316 by making an incredible $ 79,465 return! This is the first time in Forex Club’s history that the same person won two consecutive championship!!
A spokesman from Forex Club said it was very rare for one person to win two contests in a row. Neither Forex Club, nor any of the other foreign exchange companies have ever had such results. However, this not only shows the extraordinary wisdom of Mr. Hu Chuan, but also confirms that hard work pays off for this reason. The following table records Hu Chuan’s superhuman trading stamina from the beginning to the end of the game (this form of time has been converted from Greenwich Mean Time into China's local time). When the game came to its most intense day, which was the third, Hu Chuan didn't even get a moment's sleep. He constantly analyzed the market and traded for more than 20 hours. Different from a lot of other traders, 99% of Hu Chuan’s positions were not set up for “take profit” orders. As a result, we knew that with the exception of some bathroom breaks, this trader's eyes barely left the computer screen to monitor his profits.
Starting from 10:00 am on March 10th till 10:00 am on March 11th all participants of the New Russian Roulette contest will have a chance to become a winner having earned a maximum amount of virtual money during the trading in all instruments available in the trading platform, with any delivery date.
Three winners with the best results will get a real cashable money at the amount of $1000, $300 or $100 as a prize.
In order to get prepared for the contest you can learn the information about financial instruments, contracts and trading features and fundamental factors that affect prices.
The contest process will be available online, and the information about activities and results of other participants will give you an additional adrenaline and a will to win.
You can share with the information communicate at the Broco forum site.
Once a quarter there will be an additional lottery for winners where they can win a travel trip.
Join the New Russian Roulette! It's available for everyone!
We founded our company with a strong belief: technology should give everybody the same access to quality exchange rates. In 1995 we were the first to provide free rate information online, and today we power the global need for trusted currency data and fair, low-cost foreign exchange trading.
MadaFX would like to offer FXSol GTS/MT clients the opportunity to receive a $50 bonus. Open a new FXSol GTS/MT account or fund an existing FXSol GTS/MT account between March 1, 2010 and March 31, 2010, and you will be eligible for the bonus:
New FXSol GTS/MT Clients
Deposit Bonus
$5,000+ $50
* Receipt of the deposit bonus requires the trading of 5 standard round turns (500,000 base currency). Customers who fail to achieve this amount and request a withdrawal of all funds will not be able to withdraw the deposit bonus amount. Cannot be combined with any other offers. One bonus per customer during the offer period.
Time to trade! We’re offering yet another great promotion for all Micro and Classic account holders.
With our credit bonus, you can get up to 20.10%* on deposits into Micro and Classic Live accounts made between 27th February and 26 March.
Find out more
*Restrictions apply. Please refer to the Terms and Conditions.
Forex is a leveraged product. It may not be suitable for you as it carries a high degree of risk to your capital and you can lose more than your initial investment. You should ensure you understand all of the risks.
Forex Capital Markets Ltd. (www.fxcm.co.uk) announces the opening of FXCM Hellas, its newest branch office in Athens, Greece (http://www.fxcm.gr). Intent on becoming the premier Forex and CFD provider to the growing Greek trading community, FXCM Hellas will allow traders to access the benefits of FXCM’s No Re-quote execution.
Athens marks the 6th new FXCM office opened since January 2009, following new offices in Paris, Sydney, Dubai, Milan, and Santiago.
Due to FXCM's access to highly competitive prices from some of the world's largest banks, FXCM offers Forex trading with no dealer intervention and tight spreads as low as 1 pip. FXCM’s commitment to excellent client service, fair execution, and tight bid/ask spreads are the guiding values it brings to the Greek market.
“Many traders in Europe are not yet aware they can trade FX without order restrictions, without re-quotes, and without interference in their trading strategies,” said Drew Niv, CEO of Forex Capital Markets, “the opening of our Athens branch marks another step towards our goal of reaching every corner of the European trading community with this simple message.”
Clients of FXCM Hellas will be provided with the award winning FXCM Trading Station (named Best Retail FX Platform by FX Week’s 2009 e-FX Awards), a user-friendly and flexible software package which allows traders to access currencies, stock indices, gold, silver and oil, all from one platform. FXCM Hellas will further provide client service, education, seminars, and daily market news and analysis tailored for Greek traders.
“As online trading becomes more popular in Greece, there is a clear demand for an FX provider with FXCM’s strong principals and dedication to excellent service” said Harry Coundouris, Managing Director of FXCM Hellas. “We are fully confident Greek traders will quickly appreciate the advantages of FXCM’s No Re-quote execution”.
Come Visit Us! Make an appointment to see the new office and learn about the advantages of trading with one of the world’s largest and most financially strong retail forex and CFD provider.
Sign up at http://www.fxcm.gr/ free-seminar.asp for a free in-person seminar with FXCM Hellas in Athens. Learn about the FX market and its advantages, and gain an understanding of the major principals of technical analysis and money management.
FXCM Ltd is regulated by the FSA (Financial Services Authority) one of the world’s most respected regulators. FXCM Hellas also complies with the rules and code of conduct of the Hellenic Capital Markets Commission (HCMC).
FXCM Holdings LLC Facts
As of September 2009
• FXCM Holdings LLC has over $100 million in capital
• More than 150,000 live accounts are traded through platforms offered by FXCM
• An average of $365 billion in notional volume is traded each month on platforms offered by FXCM
• More than $600 million in customer funds trading on platforms offered by FXCM
Trading foreign exchange and CFD’s on margin carries a high level of risk, and may not be suitable for all investors.
Media Contact:
Jaclyn Sales
jsales@fxcm.com
646-432-2463
ACM clients may now trade the Russian Ruble (USDRUB).The addition of the exotic Russian pair comes with special trading conditions and paves the way for ACM to incorporate further BRIC currencies into our offering. ACM remains committed to securing access to a wider array of tradable assets and as much liquidity as possible
For more information or for a free software trial, visit ac-markets.com
Since its creation, ACM has been growing continuously and now has offices in Geneva, Zurich, New York, Dubai and Montevideo. ACM offers its clients fast, efficient and secure access to five different trading platforms as well as outstanding execution conditions.
NEW YORK, Mar 04, 2010 (BUSINESS WIRE) -- E*TRADE FINANCIAL Corporation (NASDAQ: ETFC) will present at the upcoming Citi Financial Services Conference. A webcast of the presentation will be accessible through the E*TRADE FINANCIAL Investor Relations website at https://investor.etrade.com.
2010 Citi Financial Services Conference
Wednesday, March 10, 2010
New York, NY, at 11:15 a.m. EST
Bruce Nolop, Chief Financial Officer
About E*TRADE FINANCIAL
The E*TRADE FINANCIAL family of companies provides financial services including online brokerage and related banking products and services to retail investors. Specific business segments include Trading and Investing, and Balance Sheet Management. Securities products and services are offered by E*TRADE Securities LLC (Member FINRA/SIPC). Bank products and services are offered by E*TRADE Bank, a Federal savings bank, Member FDIC, or its subsidiaries.
Important Notices
E*TRADE FINANCIAL, E*TRADE and the E*TRADE logo are trademarks or registered trademarks of E*TRADE FINANCIAL Corporation.
Starting from 10:00 am on March 3rd till 10:00 am on March 4th all participants of the New Russian Roulette contest will have a chance to become a winner having earned a maximum amount of virtual money during the trading in HG, GC, PA, PL, SI, with any delivery date.
Three winners with the best results will get a real cashable money at the amount of $1000, $300 or $100 as a prize.
In order to get prepared for the contest you can learn the information about financial instruments, contracts and trading features and fundamental factors that affect prices.
The contest process will be available online, and the information about activities and results of other participants will give you an additional adrenaline and a will to win.
You can share with the information communicate at the Broco forum site.
Once a quarter there will be an additional lottery for winners where they can win a travel trip.
Join the New Russian Roulette! It's available for everyone!
Forex Club shared fun casino games and exciting forex trading contests at their first Fun Club Day
February 27, 2010 – After heavy snowstorms pounded away at the city, adding to record highs as the most snow fall for the month of February in the City’s history, Forex Club was ready to bring back some lively fun to the cold and quiet New York Chinatown. On Saturday, the company hosted their first Forex Fun Club Day. The office, which is usually filled with the sounds of educational forex seminars was now filled with the music of slot machines, the sound of coins rolling into machines, balls rolling on roulette wheels, and dealers calling out the cards on the Baccarat table. The fun club day not only created excitement for Forex Club’s loyal existing clients, it also attracted many new clients from all walks of life. There were two contests: each client started with $1000 in casino chips for their casino games and $1000 in trading dollars for the forex trading competition online. Both competitions started at 12 noon, while forex seminars were held every hour by one the company’s expert traders, Mr. Zhong Liu. Some clients came for pure casino fun, some clients came because they were serious about learning to trade forex, and some clients came and with the aim to win some nice prizes. Everyone found the event to be enjoyable and exciting. Forex Club’s COO Mr. Peter Tatarnikov, Marketing Directors Ms. Olga Taran and Mr. Pavel Khizhnyak, and New Accounts Manager Ms. Lydia Wong also joined the festivities, cheering for all contestants during competitions. The event concluded at 4pm and a total of 6 prizes were presented to both competitions winners. Two winners, one from each competition, won $500 in trading dollars to their accounts. The first and second runner ups each received $300 and $200 trading dollars respectively. Everyone who came to the event also got various door prizes.
Congratulations to :
Forex Trading Contest Winners: Mr. Yang, Xin Shi, 1st runner up, Mr. Zhou, Dan and 2nd runner up, Mr. Zheng Liang.
Casino Game Winners: Mr. Kenford Chin, Mr. Mandy Or and Mr. Herbert Liu.
Forex Club would like to take this opportunity to thank all the participants for making the event a success. Please visit our website at www.fxclub.com for more exciting upcoming events!
According to desires of our clients LiteForex keeps the trading conditions that were introduced on February, 1 unchanged.
On February, 1 the Liteforex group of companies has introduced new trading conditions as a special promotion. The promotion included new fixed spread on major currency pairs and cross pairs starting from 2 pips. According to Alexey Smirnov, the president of the LiteForex group of companies “the improvement of trading performance of each trader working with the group of companies” was the main purpose of this promotion. And the goal was successfully achieved as the promotion gained a positive response form clients. That is why the LiteForex company management decided to make this promotion a permanent condition: “New trading conditions introduced on February, 1 this year will maintain from now on as conditions qualify with modern requirements of the majority of the group of company clients.” – Alexey Smirnov continues.
The company takes care of both: intraday traders and traders that are using trading systems including automated. The spread amount issue is highly important for the letter type of traders.
Trading conditions improvement is a direct consequence of the company policy that heads towards creating the best working conditions for the LiteForex clients.
February 27, 2010. FXOpen company took part in SINGAPORE FOREXEXPO, the first annual internationl exhibition in Singapore. The event took place in Suntec Singapore Cenvention & Exhibition Center on February 26-27, 2010. FXOpen was pleased to have an opportunity to show its high appreciation and respect for the Singapore foreign exchange market participants. FOREX trading in Singapore contributes significantly to maintaining the equilibrium of the national free market economy and is of high importance for the company.
FXOpen was glad to personally greet the SINGAPORE FOREXEXPO's visitors at its stand and provided any information possible about FOREX trading, the company and its services. The company witnessed high interest of the local population in FOREX trading and eagerly responded to numerous questions and requests. FXOpen staff also provided free seminars on the 1st and 2nd days: Skills You Need To Be A Trader and Importance of Technical Analysis. The workshops enjoyed great demand. The people attending overfilled the class-room and indicated high interest in further education.
"Trading in Singapore is more powerful, and people are more aware of FOREX trading than anywhere in the region," shared his impressions Sherif Yehia Saat, Head of Educational Department. "It proves once again that Singapore is the city of business in the region. People here are more interested, educated and active in trading and are eager to learn more. Caring about Singapore's people FXOpen will do its utmost to provide the best education possible".
"Singapore traders appear to be intelligent and astute investors," added Jafar Calley, FXOpen Head of Clients Relations. "Most of the visitors showed good knowledge of trading strategies, FXOpen's services and about how our PAMM system can be of benefit to Money Managers.There was also a high amount of interest from new traders for FXOpen's comprehensive training program".
Aware that the Singapore foreign exchange market is growing and promising FXOpen will strive to meet the local needs and respond to the rising demand for education services in the near future.
For more information, please, see our forum http://forum.fxopen.com/showthread.php?t=64386
MadaFX would like to offer FXSol GTS/MT clients the opportunity to receive a $50 bonus. Open a new FXSol GTS/MT account or fund an existing FXSol GTS/MT account between March 1, 2010 and March 31, 2010, and you will be eligible for the bonus:
New FXSol GTS/MT Clients
Deposit Bonus
$5,000+ $50
* Receipt of the deposit bonus requires the trading of 5 standard round turns (500,000 base currency). Customers who fail to achieve this amount and request a withdrawal of all funds will not be able to withdraw the deposit bonus amount. Cannot be combined with any other offers. One bonus per customer during the offer period.
FXDD Malta Ltd., a provider of online Forex trading, is proud to announce it has been granted licensing by the Malta Financial Services Authority (MFSA) to operate a Category 3 Investment Services company. Malta is a full member of the European Union, and its financial services regulations are fully harmonized with the EU Markets in Financial Instruments Directive (MiFID). FXDD Malta will provide Forex dealing services to retail and institutional clients.
"FXDD Malta will be at the forefront of the retail Forex industry," said Lubomir Kaneti, a Director of FXDD Malta. "It will offer clients the best of both worlds: proven reliable technology based on the experience of FXDD Malta functioning in a regulatory framework that allows customers the freedom to choose their leverage and style of trading, as well as protection of customer assets."
Clients of FXDD Malta will be able to use many trading platforms including MetaTrader4, MTXtreme, FXDD Trader, FXDD Auto, and multibank ECN hubs using Currenex and Integral technology. Clients will be able to choose between ticket-based or position-based platforms and will have more options for higher leverage levels. In accordance with European regulations, client funds will be segregated from the firm’s capital.
In addition to transactions in many foreign currency contracts, FXDD Malta’s clients will also be able execute transactions in gold and silver contracts; all of these executable instruments will be displayed in 11 languages and will make FXDD Malta one of the premier global retail Forex dealers.
About FXDD Malta
FXDD Malta, located centrally in the Mediterranean, is dedicated to providing superior customer service, powerful trading technology, and reliable streaming liquidity to Forex traders worldwide. Individual, institutional traders, hedge funds, commercial entities, brokerage firms and money managers around the world will have access to Forex and precious metal execution services 24 hours a day and 5 ½ days a week. The firm’s services provide competitive interbank pricing, no-interest accounts, and fully-automated execution. FXDD Malta also provides up to 200:1 leverage for regular accounts, as well as competitive bid-to-ask spreads (2-3-wide on most majors).
The Broco Partners are getting new opportunities for their business development. Starting on March 1st, 2010 all Broco partners will be able to increase their profits with new commissions policy for their clients working on Laser Trade and Currenex Classic trading platforms.
This new partners commissions policy allows partners to increase commission fees to be paid to partners by their clients.
Particularly after increasing commission fees for those clients working on the Laser Trade platform all the amount over $10.5 will go to a partner. At the moment the standard commission fee is $12.0.
And after increasing commission fees for those clients working on the Currenex Classic trading platform all the amount over $5.50 will o to a partner. No the standard fee paid by clients is $6.0.
So now the Broco Partners will be able to adjust commission fees paid by their clients.
First day of every month all rating results are brought to naught. Starting a monthly rating from zero allows to identify a monthly winner and thus more objectively display the voters' oppinion. We rate brokers by the actual number of votes. Monthly voting statistics can be found here.
Since 1 March 2010 the additions to the clause 3.1.12 of the Customer Agreement will be applied.
In particular, the new rules will be applied to the changes of the limit & stop levels when the important economic news and indicators are released
A new indicator ft.LotRuler has been included in the author’s set of trading instruments «Forextools».
The group of companies LiteForex gladly announces to its clients that the set of instruments «Forextools» has been enriched with one more indicator - ft.LotRuler. Today LiteForex is the best platform for testing user’s mechanical trading systems, experts and indicators. Operating the accounts is supported by many developers, Sergey Kravchuk, an author of «Forextools», is among them. We’d remind you that «Forextools» is a comprehensive tool set of mutually complementary indicators, experts and scripts designed for working with Forex market with the use of the platform MetaTrader 4.
Since the beginning of 2010 Sergey Kravchuk has decided to pay special attention to the intraday trading tools. Designing of the Intraday Eye indicator, advantages of which the clients of the group of companies LiteForex have already appreciated in full measure, has become the first step in this direction. One more indicator - ft.LotRuler – is at traders’ disposal now.
This indicator considerably simplifies calculation of possible profits and losses and makes it possible to visually estimate and choose a corresponding lot size. Sergey Kravchuk says, that «such a tool saves greatly time and takes care of nerves of those traders, who work under tense intraday conditions».
The use of this indicator also simplifies the observance of «Money management» rules which is a precondition for successful trading in Forex market.
One can get acquainted with a detailed description and some peculiarities of the use of a new indicator in the corresponding division of a new trader forum of the group of companies LiteForex at http://forum.liteforex.org/showthread.php?t=296. The installer and the license archive for LiteForex demo accounts are accessible on the same URL address. The clients of the group of companies LiteForex can have the license for operating real accounts free of charge. Those traders who aren’t clients of the group of companies LiteForex can buy this license on the developer’s site at http://forextools.com.ua.
The group of companies LiteForex plans to constantly enrich and improve the offered set of instruments «Forextools» in the near future.
Transactions conducted in the SWFX marketplace may be done on margin trading basis, enabling a client to leverage a deposit for access to bigger liquidity from invested funds and amplified market effect. The multi-currency exposure of the account is limited by the Total Trading Line which is calculated in the base currency, by multiplying the Equity of the account by the leverage agreed with Dukascopy. During regular trading hours, the total Free Trading Line can be up to a 100 times the amount of the equity. The initial leverage of the account can be adjusted to different levels (e.g. 1:50 or 1:20) which are predefined by Dukascopy and the client. The necessary margin to run an exposure is computed each time at trade initiation, and the amount of Free Trading Line is updated in real time on the trading platform.
Minimum margin requirements
In order to protect clients from incurring liability above their equity and protect Dukascopy (Suisse) SA from associated risks, the following minimum margin policy applies: The minimum equity requirement for the self-trading account is 100 CHF. For accounts with different base currency the minimum amount of equity is calculated at the corresponding rate of the latest settlement. All open positions may be closed and the account may be blocked should the equity on the account reach the minimum margin requirement.
* The minimum margin requirements will differ if the initial leverage is changed
** See section "Over-the-weekend leverage" for additional information
*** If equity for the self trade account is less than CHF 100 or equivalent in foreign currency, the account may be blocked by Dukascopy.
Use of leverage
In order to facilitate the perception of used margin and the extent of an exposure, Dukascopy has created a special real-time percentage indicator - use of leverage. The use of leverage has two objectives: 1) to show how much of Free Trading Line is used to run an exposure and 2) to run the margin call and margin cut procedure on the account. The equation for the use of leverage is as follows:
Used Free Trading Line
Use of leverage = x 100
Total Free Trading Line
*Note that the total Free Trading Line equals to equity multiplied by leverage
Example:
Exposure on the account = USD 1,000,000
Profit and losses = 0
Leverage authorized for the account = 1:20
Equity = USD 100,000
Total Trading Line = Equity X Leverage = USD 100,000 X 20 = USD 2,000,000
Use of leverage = Used Trading Line / Total Trading Line = 1,000,000 / 2,000,000 = 50%
Margin call and margin cut policy
Margin call (use of leverage >100%) means a situation where the margin requirements do not allow the client to increase exposure on his account.The client may only close the existing unhedged positions or hedge current positions in order to reduce exposure. Despite the margin call level being reached, the positions will not be closed automatically. The automated system will cancel all placed bid/offer orders that can increase the exposure.
Margin cut or cut-off level (use of leverage ≥ 200%) - if the use of leverage reaches or exceeds 200%, Dukascopy has the right (but not the obligation) to fully or partially reduce the client's exposure by closing existing positions and/or by opening new positions in the opposite direction. Usually the system automatically reduces exposure so that the use of leverage is brought to approximately 100%.
Use of leverage Description
0% No exposure
<100% Normal status
≥100% Margin call: trader is not able to increase exposure on the account if the use of leverage is more than 100%
≥200% Margin cut: typically system will open hedging positions in the opposite direction for all positions which contribute to exposure on the account. The use of leverage will be decreased to 100% or less.
Over-the-weekend leverage
Maximum available leverage for the weekends and other market closure days is typically set to 1:30. The purpose of this policy is to mitigate risks caused by potential price gaps during market closure, which may seriously threaten invested funds.
Standard algorithm: Over-the-weekend trading conditions are effective starting 5 hours before each market closure (weekend, holidays, etc) until re-opening of the market. For usual Friday night closure, over-the-weekend conditions would become effective at 18:00 [GMT]. As a result of leverage contraction, the use of leverage can increase if the account has exposure. Regardless of the over-the-weekend margin conditions, the general execution mechanisms of the margin call and margin cut remain the same. That is, if the amount of equity on the account is not sufficient to support existing positions with a leverage of 1:30, the margin cut procedure will be applied to the account (see paragraph Margin Call and Margin Cut).
Risk disclosure
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. It is highly recommended to maintain the use of leverage at normal levels. The client must always keep in mind that margin trading increases potential loss, as well as potential profit, and invested funds can quickly suffer losses in situations where the market prices exhibit strong volatility, potentially creating an adverse environment for the highly leveraged participant. The client shall be solely responsible for maintaining sufficient margin in relation to the existing positions.
To learn more about Dukascopy ECN Accounts, please write us: info@dukascopy.com, call us: +41 (0) 22 799 4888 or alternatively ask for a call-back.
On February 22nd, 2010 all the trading instruments of the Broco Investor trading platform have been transferred to the Broco Trader Platform. The new registration for the Broco Investor platform is closed since that moment.
The Broco Investor trading platform has allowed users to trade Forex; there have been thirty–nine currency pairs available for traders. Effective on February 22nd all of these instruments are available in the Broco Trader forming a separate group of instruments named Forex FX (the minimal lot size for Forex FX is 0.1 in any account currency). The main characteristic for this group is a floating spread. At the same time currency pairs with a fixed spread is still available in the Broco Trader platform under the Forex group of instruments.
For those Clients working with the Broco Investor trading platform there is no revolution caused with this transfer — all accounts numbers, passwords, orders history and opened positions will be transferred to the Broco Trader as well. Trading conditions will stay the same.
Trading using the Broco Investor will be possible till the end of March, and after that moment Clients will have to either install the Broco Trader platform or specify the Broco Trader server IP–address (87.239.186.19) in the Broco Investor settings.
Risk appetite took a significant hit yesterday, as German IFO and US consumer confidence failed to impress the markets and concerns over Greece’s impending 24 hour strike weigh on sentiment. US equity closed down and today Asian and European markets followed. This was in spite of the positive economic data from Japan, that looked encouraging, as Jan trade surplus Y85.2 bln vs. Y108.5 bln deficit expected. Exports to China surged +79.9%, to the rest of Asia +68.1%, the third largest exports growth on record. However, today’s EU Industrial New Order rose 0.8% vs. -1.0% exp, giving a slight boost to the EURUSD. Interestingly, while there has been a pause, there are new reasons be EU negative (Fitch’s Greek bank downgrades has faded) and therefore sell the EUR, there is a growing paranoia around the UK finances. And yesterday, BoE Governor King dovish comments highlighted that the UK economy is still fragile and that risks to the outlook remain lodged to the downside, which just added to the growing concern. Today’s highlight will be Fed Chairman Bernanke semi-annual testimony (Q&A portion) before the House Panel. We believe he will stick the Jan FOMC minutes and sound cautiously optimistic on inflation and growth. In addition, his testimony will focus on the exit strategy through reiteration of comments he made back on Feb 10th. In our mind, the big risk will be any shift in language minimizes the sense that economic conditions warrant Fed Fund rates to stay ultra accommodating during an extended period of time. A move that would be bullish for the USD, especially considering recent economic data. Otherwise, the light calendar day will have markets clinging to any stories, especially ones involving sovereign credit worries. In the near term, we believe the USD should profit from improving economic data, discussions of exit strategy and increasing probability of eventual “normalization” of monetary policy. In addition the greenback should continue to benefit from sovereign risk worries in the EU and UK.
EurUsd The potential head and shoulders formation highlighted yesterday failed spectacularly after a false break through the 1.3655 neckline, but EURUSD bulls looking for a silver lining do not have to look far as yesterday’s sell-off did not manage to print a lower low than the 1.3444 from last week. As such, we can now assert a new short-term uptrend line between the 1.3444 print and yesterday’s 1.3497 low; meaning we are instead looking at a symmetrical triangle formation on the hourly chart. At the moment we are hovering above the lower bound of this pattern (trendline comes in at 1.3505); a break lower would in turn open up a downside target of 1.3120, with 1.3444 representing the most obvious area for bids to come in. However it feels that the market may be shifting towards a move higher in our view, as the 14 day RSI continues to creep higher –currently seen at 37, up from the 22-23 levels prevailing at the start of Feb. On the topside there is likely to be resistance around 1.3580 before we reach the upper edge of the triangle (currently at 1.3670), but a breach of this would in turn open up a target of 1.4050. As with yesterday’s footnote to the bullish scenario, it will be highly significant if buying momentum breaches the upper bound of the major downtrend channel now at 1.3790, as this has remained unchallenged since mid January..
GbpUsd Yesterday’s short squeeze higher to 1.5578 was repelled aggressively by sellers lurking around the prior 12 month uptrend, sending the pair clattering lower to 1.5394. Although still at an early stage, we see a potential bearish pennant forming on the hourly chart, with a downside target just below 1.5250. Obviously the key to realizing this target will be overcoming bids around 1.5350 prior lows; as on our last visit, RSI divergence scuppered a continuation of the sell-off. Nevertheless, the overarching bear trend remains in our favour and the prior bearish flag pattern remains unresolved (looking for a target around 1.5080) so we sit tight on our shorts and wait for a revisit of 1.5350 in the near term.
UsdJpy The ongoing stink in Europe coupled with poor US data has given a major boost to the JPY this week, with yesterday’s price action pushing USDJPY down through significant 90.55 technical support all the way to 89.92 lows –coinciding with the 1 month uptrend. In our view this looks like a great opportunity to recharge longs, setting our stop just below the 1 month uptrend as a guide. The ascent is likely to be hampered intermittently by prior technical levels cluttered above (90.55, 91.00 and 92.15), with the major 2.5 year downtrend now coming in at 93.45 above. Only a break of this 1 month uptrend line would force a reassessment of the bullish bias, but any sell-off is likely to stumble around 89.15-30 coinciding with previous support levels and the back side of the broken downtrend from January.
UsdChf USDCHF rebounded strongly from the 1.0720 trendline support yesterday, and is now firmly back within the middle of its 2 week uptrend channel. From here (current levels 1.0815) this pair does not really present an attractive profile for new position entry in our view, as the next major upside resistance lies just below 1.0900, and the support from that 2 week uptrend line is also some distance away at 1.0725. 1.0800 is still acting as a pivot level for intraday pauses in the rallies and sell-offs, but ideally we would like to see the price back towards that uptrend line before going long again, looking for a break of 1.0900 and test of the upper bound of the uptrend at 1.0935.
The dollar and US markets were delivered a shock last week when the Federal Reserve announced a hike to the discount lending rate. While this may not seem to hold the same weight that a hike to the Fed Funds rate could have elicited, the implications are perhaps greater than the immediate reaction the dollar and other speculative assets have allowed.
Be sure to join DailyFX Analysts in discussing their outlook for the Fed and its impact on the dollar in the DailyFX Forex Forum
The Economy and the Credit Market
The dollar and US markets were delivered a shock last week when the Federal Reserve announced a hike to the discount lending rate. While this may not seem to hold the same weight that a hike to the Fed Funds rate could have elicited, the implications are perhaps greater than the immediate reaction the dollar and other speculative assets have allowed. While the discount rate is not traditionally the target that consumer and secondary interest rates are based on (not to mention expected returns); it nonetheless has a trickledown effect that will increase lending costs for banks and thereby consumers. It is also important to note that policy officials have said in different forums that the Fed Funds rate wouldn’t be the best reflection of monetary policy through the immediate future. While interest on excess reserves was labeled the best alternative, the evidence of a tightening regime at this point is abundant. Furthermore, this move has critical implications for underlying investor sentiment. Such a move by the world’s largest central bank is a clear step towards withdrawing the very stimulus that facilitated the markets’ recovery in 2009. Removing this safety net is a gamble that confidence in stability and returns can stand on its own. If there is another major financial shock (such as Greece forcing a crisis in the Euro Zone), this move by the Fed will simply feed a more dramatic slump in speculative interests and optimistic forecasts and thereby bolster the appeal of the dollar.
A Closer Look at Financial and Consumer Conditions
Financial stability a luxury that market participants are growing more appreciative of each day. The Fed’s hike to the discount rate along with the expected reduction in max primary loan terms to an overnight period is perhaps the most clearly defined step towards policy tightening that any of the major central banks has taken to this point. However, it is important to realize that this is just another development in a broad and progressive effort to unwind stimulus that has acted as a spring board and backstop for the capital markets. While this aid is being rolled back, there are also a number of active threats popping up. China throwing the breaks and commercial real estate are notable; but Greece is the danger that has no outcome that avoids turmoil. The reality that the US and global economies are heading for temperate and burdened recoveries is starting to dawn on investors. Market values are the best gauge for speculators’ expectations; and the still-young retracement in capital market benchmarks reflects participants are coming to terms with the restrained forecast. However, it is clear that there is still excess premium built into the markets that must still be worked off to balance expectations to genuine potential. This past week, event risk has been mixed. The Chicago Fed National Activity composite index turned positive for only the second time in 30 months and inflation eased. However, new home sales also hit a record low; and Bernanke repeated his warnings of lethargy.
The Financial and Capital Markets
The markets have made little, real progress over the past week. Volatility has certainly reared; but direction and momentum have been notably absence. This is not a new state for the markets however. Underlying risk appetite hasn’t shown any meaningful progress (whether it be bullish or bearish) for nearly three weeks. A rebound from some equity benchmarks and commodities is more of a response to the tumble that developed through since the year began. Evidence of this break between price action and fundamental current can be linked to the relative health of the US dollar. This currency is a key funding currency and is prominently featured as the market’s safe haven. And, through the rebound in these other markets, the dollar has been able to either hold its ground or forge fresh eight-month highs. Investors and speculators are well aware of the looming risks in the market place. Withdrawing government support in the US and globally is making the masses more sensitive to the many risks that exist in the market. At home, the FDIC recently reported a 27% increase in troubled banks through the fourth quarter to its highest level since 1993. Furthermore, write offs for consumer debts, mortgages and other poor performing investments is eroding capital. Looking beyond the US boarders, the troubles are more virulent. Greece in particular poses a considerable threat to stability.
A Closer Look at Market Conditions
The upswing in capital markets for capital markets from the February 5th reversal has already run thin on momentum. After having bounced a little more than 6 percent, the Dow Jones Industrial Average has turned once again to a period of congestion. The same stalled progress can be seen in crude, gold and bond yields. What is remarkable for all of these benchmarks is that the advance was not durable enough to push prices back to the highs set in December and January. It is a trading maxim that larger trends are riddled with temporary corrections and setbacks. This seemingly-groundless rebound may simply be a bounce before the larger trend reengages. There is a divergence between the traditional and more intricate indicators of financial risk. The equity-based CBOE VIX has and currency-derived Volatility Index are both well off their respective highs for February and below the long-term historical averages. However, scratching beneath the surface, there are signs that underlying sentiment and market functioning are at risk. Within the United States, we have seen the gap between the 2 and 10-year Treasury paper (the yield curve) hit a record as the government taxes the availability of existing funds and cautious investors stick to safer short-term maturities. Looking at the at-risk markets, debt and default premiums in the EU, UK and Japan have soared.
On February 24th, Forex Club recorded the closing price of the top ten currency pairs as of 00:00 GMT on 2/23:
CAD/JPY 87.55
EUR/USD 1.3606
AUD/USD 0.9003
EUR/CHF 1.4630
USD/CAD 1.0418
USD/JPY 91.25
NZD/USD 0.7015
USD/CHF 1.0752
CHF/JPY 84.83
GBP/USD 1.5499
As per the rules of Price Is Right, we look at the last two decimal places of the closing prices and award the clients who fund their account according to when price closed.
Here's a list of our winners:
# Funded
Name
Country
Cash Bonus
99
William Jarman
USA
$99
83
Yuriy Andrianov
Russia
$83
55
Lujun Ding
China
$55
52
Tateana Radvon
Russia
$52
30
Theodor Dragoi
Romania
$30
25
James Camp
USA
$25
18
Dmitry Rubcov
Russia
$18
15
Inesa Snikere
Latvia
$15
6
Rinat Ahmetzyanov
Russia
$6
3
Aaran Gandara
USA
$3
These lucky traders will have actual cash prizes deposited into their trading accounts. Congratulations! More winners will be announced daily. Fund your trading account today and maybe you will see your name on the list tomorrow!
Remember, only the first 100 funders will get prizes, so fund early in the day to make sure you're in the list!
February 20, 2010.FXOpen participated in the Indonesia World Forex Expo, that took place in the Balai Sidang Jakarta Convention centre on February 19t-20, 2010, and enjoyed an overwhelming feedback from visitors who attended the inaugural expo at the JCC centre.
Besides having complimentary seminars, encouraging prudence among traders both new and experienced, the FXOpen booth received a thumbs up from most visitors who much-admired its fresh and exciting approach.Delivering a balance of invaluable information and entertainment, it is a praiseworthy effort for FXOpen, particularly for those who did not understand the mechanics of trading and hoped that it would become a source of income one day. FXOpen hopes that the expo seminars could keep up with the expected motivation and accuracy of trading lessons. Free workshops given were brief, concise and most importantly intelligently compact allowing traders and non-traders who attended to gain more knowledge and clear understanding in the area of trading; bridging the barrier between intuition and constructive thinking. Here, enhancing analytical skills and where the language of FOREX trading is finally comprehendible.
To add, response was positive with over 5,000 goodie bags given away to consistent visitors that frequent the FXOpen booth.
For more information, please, see our forum http://forum.fxopen.com/showthread.php?t=64564
Broco invites all traders and those interested in the financial markets to face–to–face meeting taking place in prominent financial centers of Asia.
On February, 19–20th, forex venue will be held in Jakarta, our booth is number J 11. On the last dates of February, 26–27th , we welcome you in Suntec Exhibition Center in Singapore, Broco’s booth number is S4. The entrance for both events is free.
Visitors will have the comprehensive information about how to open account in Broco, conclude IB agreement, peculiarities and rates of traded products.
According to Marketing Director of the company, Natalya Fefilova, Broco’s range of products is attractive not only for forex traders but also for those who values the trade with futures and stock instruments.
"Beyond that point a complete array of platforms facilitates your trading the best. On top of that, our multilingual support aims to bring language bar between Clients and the company to zero"
These exhibitions will bring together hundreds of specialists representing various countries and companies. Brokerage companies, software and strategies’ vendors, individuals, fund managers will share their views on the recent market trends, newest software and systems.
Broco invites you to live face–to–face meeting with us!
Forex Club Financial Company Celebrated the year of Tiger in the 11th Annual New York Chinatown Lunar New Year Parade and Festival
With the sound of drums, marching bands and the traditional dragon and lion dances, Forex Club joined the happy crowd in New York City's Chinatown on Sunday to celebrate the year of the Tiger. This year’s Chinese New Year was on February 14, 2010. The yearly event is the tradition of New York City’s Asian community and is held during the typical continuous 15 day celebration period. The spectacle featured elaborate floats, marching bands, lion and dragon dances galore, Asian musicians, magicians, acrobats, martial artists and processions by local organizations. Over 5,000 people joined to march in the parade this year including many local politicians and community leaders which gathered a crowd of approximately 250,000 spectators. The parade started at Mott Street and promenaded through Canal Street, finally dispersing at Worth Street. It was a beautiful, warm and sunny afternoon. Spectators stood 10 deep, stepping on firecrackers that popped amid floats and balloons as the parade lineup squeezed into narrow Mott Street. This year’s upbeat mood was believed by many as the sign of economic recovery. The event also attracted many interests from “mainstream America” as the community was cheering and looking onto “the bright future”.
Partnered with Sing Tao Daily News, Forex Club’s colorful festive float was viewed as the best designed and received many roaring cheers from the happy crowd as it promenaded along the streets of Chinatown. The staff distributed thousands of Money God posters, which traditionally symbolize “wealth and health” to all. It stirred up more enthusiastic cheers as the crowd stumbled to receive the well wishes.
Forex Club was honored to be a part of such large traditional and exciting event.
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On Monday 22.02.2010 Dukascopy – Swiss Forex Marketplace has submitted the 1st “Symbol of Transparency” Award to the January winner Mr. Johnny Siu.
Mr. Siu was flown to Geneva, Switzerland to be interviewed by the Dukascopy TV crew, where he has discussed his trading strategies and insights.
Later during the day the Award was submitted during a ceremony held at the Hotel Le Beau Rivage Palace, one of the most prestigious establishments in Switzerland.
Mr. Siu was offered a custom Quinting-Dukascopy watch, considered as an exceptional time piece and an engineering accomplishment.
The winner of this Award is the first name of what will be a list of star Forex traders.
ACM (ac-markets.com) was listed as one of the Top 100 global companies by World Finance Magazine for 2009. The special issue cites ACM’s business strategy and trading system as the basis allowing it to fuel growth and consolidate the European retail forex market. The firm was listed with 99 other companies from a range of industries including: Apple, Bayer, Charles Schwab, Google and Lockheed Martin. ACM offers its clients affordable, efficient and secure trading in the global forex marketplace.
For more information or for a free software trial, visit ac-markets.com. Since its creation, ACM has been growing continuously and now has offices in Geneva, Zurich, New York, Dubai and Montevideo. ACM offers its clients fast, efficient and secure access to five different trading platforms as well as outstanding execution conditions.
Range Trading From Charts 3:00 pm EDT (19:00 GMT) and 9:00 pm EDT (01:00 GMT)
See how you can use powerful Marketscope charts to place trades in this introduction to range-trading strategy.
Learn how to range trade: pick tops and bottoms.
Use entry orders to range trade strategically.
Discuss today's range-trading opportunities.
DailyFX+ Live 1:00 pm EDT (17:00 GMT) and 7:00 pm EDT (23:00 GMT)
Experience the power of DailyFX+ in a live video walkthrough!
Discuss current market movements.
Discuss the day's price action.
Identify signals for immediate trading.
How to use DailyFX+ to find trades.
We are glad to inform you that starting from February 19th, 2010 Admiral Markets will introduce a new way to deposit funds on live trading accounts by credit cards via “Dotpay” payment processing system. In order to deposit your account you can use such widely accepted credit cards as Visa, MasterCard/EuroCard, Maestro, American Express, JCB, Diners Club, Polcard as well as Visa Electron debit cards (if your bank has authorized Visa Electron for online payments). It is the fastest and most convenient way of funding your account!
In order to deposit funds, please fill in the online form in Trader’s Room (“Money Operations” section). Transaction fee charged by “Dotpay” processing service provider is 2%. Please note that after funding your account by card, you will be able to withdraw funds exclusively by bank (wire transfer).
“Dotpay” processing service belongs to Dotpay S.A. which is registered in Poland and regulated under the strict European Union financial law. Dotpay S.A. has been on the market since 2000 and is a leader among European companies dealing with diversified payment processing services, offering to its customers the lowest commissions and the highest level of security.
As per the rules of Price Is Right, we look at the last two decimal places of the closing prices and award the clients who fund their account according to when price closed.
You may have noticed that the number 56 appears twice in the list (closing price of CAD/JPY and CHF/JPY). In this case, our 56th funder would get two times the prize!
Here's a list of our winners:
# Funded Name Country Cash Bonus
97 Moulay Mehdi Alaoui
USA $97
96 Cynthia Hunter USA $96
95 Sosnov Dmitry Russia $95
71 Ruby Davis USA $71
67 Irina Mkhitaryan Russia $67
56 Dezhi Zhang China $126*
54 Sergey Obervlentin Russia $54
42 Dmitry Rubcov Russia $42
27 Muhua Hu China $27
These lucky traders will have actual cash prizes deposited into their trading accounts. Congratulations! More winners will be announced daily. Fund your trading account today and maybe you will see your name on the list tomorrow!
Remember, only the first 100 funders will get prizes, so fund early in the day to make sure you're in the list!
Forex Club
02-22-2010
A worldwide online trading contest starting Sunday, Feb. 7, sets new benchmarks for the extent of cash and other prizes offered, and linking traders globally through social networking, as well as giving market speculation expertise greater recognition.
The “GFT Trading Challenge” sets a benchmark for prizes, trading strategies and social networking in a market where the three have never come together such as this.
“We expect a truly worldwide rivalry of thousands of traders to challenge each other for the top prizes, which include prestige, recognition and rewards beyond their profits,” said Gary L. Tilkin, president and CEO, GFT.
With a grand prize of $50,000 cash, GFT hopes to bring a heightened sense of excitement to the financial markets that once were open to very few people. Now, almost anyone can trade forex and other financial derivatives, which is why the company has designed the competition based on profit margin.
“Since the contest is based on an overall percentage, it really levels the playing field for all traders participating. They could start with several thousands of dollars or tens of thousands, but all traders will have a shot to win the cash grand prize,” said Tilkin.
The cash prizes are not the only thing making this competition one for the record books – social networking will be used for the first time in an online contest of this nature, bringing traders around the world together in a way that hasn’t happened before.
All Twitter ‘followers’ of @gftforex, @gftuk, @gftjapan and @fx360 who use the hashtag #tradeGFT will be entered to win weekly prizes – to the value of $3,000. As interactive components of the Twitter contest, GFT will deliver a wide range of tweets, including trading tips, questions to spark a dialogue for traders to share ideas, prize clues as well as other breaking news related to both the trading and Twitter contests.
To go even further with prizes, participation and sharing news with the public, GFT plans to offer traders in the challenge an opportunity to win prizes each week they are in the contest (at random). Five others who remain eligible throughout the contest will receive consolation prizes (together, the total value of weekly and consolation prizes is over $8,000).
In the U.S., the contest will involve trading forex in an attempt to profit from exchange rate differences. Outside of the U.S., in Europe, Asia, Australia or the Middle East, traders will compete in forex or CFDs – the popular derivatives used for trading stocks, indices, commodities and other common financial markets.
“This is the type of competition that will bring traders out into the mainstream and give them the full recognition they deserve as they see how their skills match up against other traders,” said Tilkin.
All worldwide contestants are able to track their position, as well as competitor locations, on an official Challenge leaderboard as they compete against fellow traders for big winnings. The leaderboard will be updated daily, reflecting the individual's total percentage gain
GFT will award three cash prizes: $50,000 for first place; $25,000 for second place and $10,000 for third place. Fourth- and fifth-place winners will receive upgrades applied to their GFT trading account, each worth over $2,500–combined with the weekly consolation and giveaway prizes the total prize payout is over $100,000 (USD).
The GFT Trading Challenge kicks off today and runs until April 30, 2010 (ET), giving traders and tweeters nearly three months to compete for prizes, prestige and cash. Visit the official “GFT Trading Challenge” website by clicking here.
Trading of foreign exchange contracts, contracts for differences, derivatives and other investment products, which are leveraged, can carry a high level of risk, and may not be suitable for all investors.
About GFT
Founded in 1997, GFT is a world-leading provider of real-time currency dealing, pricing and comprehensive services for retail and institutional foreign exchange traders. GFT has served a global customer base in more than 130 countries through its DealBook® 360, DealBook® WEB and DealBook® Mobile trading software and 24-hour, 5.5-day-per-week dealing desk operation. The company's world headquarters is based in Ada, Mich., with global offices located in New York, Chicago, London, Dubai, Tokyo, Singapore and Sydney (London office operated through GFT Global Markets UK Ltd.).
The Exness brokerage informs its clients about stopping of Credit Cards acceptance from Egypt and Brazil because of the big number of Fraud transactions from these countries. From 15.02.2010 for these countries it will not be possible to use Credit Cards as a depositing means.
All payments by Credit Cards from another payment systems will be returned to the senders
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The LiteForex Company renews an affiliate program! You can get acquainted with the conditions on the company website at http://www.liteforex.org/affiliate.php
You can become a Partner and start getting a commission right now! A Partners profile for operating an account as well as a new website design will appear next month.
GFT has added an additional 59 currency pairs to the 64 it already offers, now offering customers 123 pairs to trade. GFT now provides real-time pricing and instant order execution for more currency pairs than any other U.S.-based forex dealer, and among the top few among all online forex dealers.
With this near doubling, GFT customers are now able to trade almost any currency pair they wish. All 123 currency pairs will be available on all three of GFT's platforms: DealBook® 360, DealBook® WEB, and DealBook® Mobile.
One of the major advantages enjoyed by dbFX clients is special access to the award-winning research of Deutsche Bank.
These publications analyse the financial, economic and political changes behind global currency movements, such as daily forex updates and in-depth reports. Not only does this research cover foreign exchange, but expert analysis on fixed income and commodity markets is also available.
GAIN Capital Holdings, Inc., a global provider of online trading services, has launched a completely revamped FOREX.com (www.forex.com), featuring comprehensive web and mobile trading capabilities and extensive education resources for retail traders.
The new FOREX.com complements the company's award-winning FOREXTrader PRO platform for active traders.
Trader education is emphasized on FOREX.com. New resources include a full library of "video tutorials," training modules, articles and other text-based content, as well as an expanded schedule of webinars and events. Prospective customers are encouraged to take advantage of the complimentary resources along with a 30-day practice account in preparation for opening an account. The first 100 visitors who sign up for a practice account will receive Currency Trading for Dummies, co-authored by GAIN Capital's chief currency strategist Brian Dolan and company chairman Mark Galant.
"The newly enhanced FOREX.com represents the most significant change to the service since we launched it in 2004," said Glenn Stevens, CEO, GAIN Capital. "The improvements we've made to FOREX.com incorporate the evolving capabilities of the Web as well as the feedback we've received from our customers."
Web trading
The new FOREX.com provides streamlined trading, research and account management features in a secure, web-based environment. Along with a simplified, intuitive interface, and easy-to-use trading and order management tools, FOREX.com's web trading offering incorporates interactive charts, an economic calendar and daily and weekly research.
FOREX.com has also developed several features unique to web trading, including:
* Trade Dashboard: a snapshot view of open positions, account balances, current rates, news headlines and latest research;
* Currency Pair Summary: a quick, consolidated view of the latest quotes, news and research for a particular currency pair; and
* Quickdock™: an expandable window that allows traders to quickly enter a trade, view open positions or check account balances from any page on the site.
Mobile trading
The new mobile version of FOREX.com allows customers to easily access real-time market information, trade and manage their accounts via their mobile devices. The site has been optimized for smartphones and other popular web-enabled mobile devices such as the iPhone, iPod Touch, Android and Palm Pre.
"At FOREX.com, our mission is to empower traders by providing them with the best in class tools and resources they need to be successful. Now, we've also made it easier for traders to access and manage their account. They can access our most advanced tools with FOREXTrader PRO, opt for the convenience of web trading, and stay connected and in control with our enhanced mobile offering," said Mr. Stevens.
The new website is now available in the United States at www.forex.com and will roll out in the United Kingdom, Australia and Singapore, as well as other international markets, in the coming months.
About GAIN Capital
GAIN Capital Holdings, Inc. is a global provider of online trading services, specializing in foreign exchange (forex or FX) and contracts for difference (CFDs). Customers and trading partners in more than 140 countries have utilized the company's award-winning trading platform which transacts nearly $200 billion per month.
A pioneer in online forex trading, GAIN Capital operates FOREX.com (www.forex.com), one of the largest and best-known brands in the retail forex industry. It also provides execution, clearing, custody and technology products and services to an institutional client base including asset managers, broker/dealers and other financial services firms.
With offices in New York City; Bedminster, New Jersey; London; Seoul; Tokyo; and Hong Kong, GAIN Capital and its affiliates are regulated by the Commodity Futures Trading Commission (CFTC) in the United States, the Financial Services Authority (FSA) in the United Kingdom, the Financial Services Authority (FSA) in Japan, and the Securities and Futures Commission (SFC) in Hong Kong.
GAIN's investor group includes private equity firms 3i, VantagePoint Venture Partners, Tudor Ventures, Edison Venture Fund and Cross Atlantic Capital Partners. For company information, visit www.gaincapital.com, or www.forex.com.
NEW YORK, Feb 17, 2010 (BUSINESS WIRE) -- E*TRADE FINANCIAL Corporation (NASDAQ: ETFC) today released its Monthly Activity Report for January 2010. The Company ended the month with more than 2.6 million U.S. brokerage accounts - including gross new brokerage accounts of 31,494 - and more than 4.4 million total accounts. U.S. brokerage accounts decreased by 2,392 in the month, including a reduction of 5,870 escheated accounts. Daily Average Revenue Trades ("DARTs") from U.S. operations for January were 172,445, an increase of 21 percent from December and up four percent from the year ago period.
U.S. net new brokerage assets were positive $0.6 billion in the month, reflecting the Company's focus on growing the online brokerage business. During the month, customer security holdings declined by four percent, or $4.4 billion, and brokerage-related cash declined by $0.5 billion to $20 billion. Customers were net buyers of approximately $1.4 billion in securities in January. Bank-related cash and deposits declined by $0.4 billion, as the Company continued to execute its ongoing strategy to reduce bank-related deposits.
GFT, an online forex dealer and market-maker in other tradable derivatives, launched its free iPhone application for traders worldwide today – the fifth mobile trading platform the company has developed since 2004.
The free app is immediately available for download from iTunes®, providing GFT customers with on-the-go access to trade real-time financial markets, including the more than 120 currency pairs it offers worldwide and the more than 3,000 tradable markets it offers as spread bets in the United Kingdom, and as CFDs in Europe, Australia, Asia and the GCC region.
"Trading is a dedicated endeavor, but traders don't spend all of their time at their desks," said Gary L. Tilkin, president and CEO, GFT.
"Their mind is always 'where are my trades and the markets right now?' Giving traders real-time market access, charting and order-execution of their GFT account is a key aspect that this application provides," he said.
People can download the app from the iTunes App Store℠ by searching for "DealBook" directly from their iPhone or iPod Touch® devices, or from iTunes on their computer.
Now that Apple® has improved security and enterprise connectivity capabilities for the iPhone 3G, DealBook for iPhone gives traders the ability to make quick and secure trades through GFT.
DealBook for iPhone features include:
* Full-screen, real-time charts for in-depth analysis.
* Buy-sell quotes, as well as the daily high, daily low, open, close, net change and percent change.
* Order capabilities, including market, stop, limit, OCO and parent & contingent orders.
* Ability to track and modify working orders or open positions.
* A range of 16 different market studies (indicators) for market analysis.
* Real-time news headline ticker and full-length feature stories.
* Price alarms: e-mail and audible alerts when the market hits a certain price.
* Three chart types (bar, candlestick and line), seven timeframes (1m, 5m, 30m, 1 hour, 1 day, 1 week and 1 month).
"Traders are pulled in so many different directions and now they will have more time because they can trade efficiently with our new DealBook app," said Tilkin.
"We launched the DealBook iPhone application so traders can manage their trading activities whenever and wherever they want to," he said.
In addition to the iPhone and iPod Touch, GFT offers DealBook Mobile for its customers using other mobile operating systems, including WAP (basic web access protocol), BlackBerry®, Windows® Mobile and several devices specific to Japan.
"GFT’s new iPhone® app was inspired by several software projects we have going on all over the world and satisfies a need for large number of our customers."
About GFT
GFT spurred the modernization of online currency trading during the late 1990s in the U.S. when it developed a trading platform called DealBook®, which reinvented the way speculators could trade off-exchange forex. Today, GFT is one of the leaders in offering online foreign exchange (fx or forex) trading as well as contracts for differences (CFDs, outside of the U.S.), serving traders in more than 120 countries.
GFT's customers and partners leverage the company's trading technologies and service using GFT's award-winning trading platform, web-based trading applications and mobile trading solutions. GFT is also spearheading a revolution in market education with its online currency portal FX360.com, a world-renowned currency research team and continued advancement of market-trading technology for financial derivatives.
GFT is a privately held company that is regulated on four continents. Its world headquarters is based in Ada, Mich., with additional U.S. offices located in Chicago and New York, and global offices in London, Tokyo, Sydney, Singapore and Dubai.
The LiteForex group of companies presents to its clients a new set of trading instruments designed for intraday trading. The first achievement in this area is the IntraDay Eye indicator released in February 2010. This indicator allows trader to get a precise estimate of the current market situation in the shortest time.
For more than a year the LiteForex group of companies clients have been using the latest practical groundworks in the field of MQL language for improving their trading systems. An exclusive set of software products being actively used by the company clients consists of about twenty different instruments (indicators, advisors and expert advisors) developed for Forex trading with the help of Metatrader 4. In February 2010 the set of instruments will be modified and added taking into the consideration the requirements of intraday trading.
According to Sergey Khravchuk, an instruments designer, he is planning to “develop new instruments and modify old ones exactly for this trading style. Every indicator, script and expert advisor will be aimed to optimize each single function which an intraday trader uses all the time (from current situation analysis to pending orders execution)”.
All the instruments will be published in the traders’ forum of the LiteForex company in the ForexTools section http://forum.liteforex.org/. The thread is dedicated to the set of trader’s instruments developed by Sergey Khravchuk.
The IntraDay Eye indicator is the first step towards the intraday trading efficiency growth. The IntraDay Eye is intended for marking out the trading sessions on the chart and showing news schedule, that is automatically downloaded from the internet with the special IntraDay EventsLoader script. News is displayed in such a way that a trader has an opportunity not only to read the news and correlate it with the particular moment but also visually watch its approach. There are several ways of displaying trading sessions, each way suits best for a certain type of tasks. The visualization of beginning and end of a trading session allows you to estimate the time slot with the most active trades at first sight and to clearly view the price dynamics during the session. Moreover the graphic representation itself allows to determinate easily the influence of the trading session results on each other.
According to the instruments developer he has “a creation of a special indicator for displaying tick and real chart trades volumes of present and past and a serious of statistical indicators” in his future plans.
“Such a great attention to the features of intraday trading can be explained by its popularity, ” – Aleksey Smirnov, the president of the LiteForex group of companies comments. – “A considerable amount of traders working with the LiteForex group of companies prefer exactly the intraday trading intending to trade as much efficient as possible on minute and hours periods. The IntraDay Eye is the first instrument in the list of necessary one for intraday trader. The importance of the indicator is identified by the need of trading sessions information and economical news to be provided to trader”.
The new IntraDay Eye Indicator along with other ForexTools software products is available for testing on demo account of the company.
To obtain the possibility to use the indicator in real trade a participant needs to receive a personal license for product usage on a real account. For LiteForex clients it’s absolutely free to obtain this license and it’s a completely simplified process.
Though all the information is yet in Russian our English speaking clients can also obtain this kind of service.
On our forum branch http://forum.liteforex.org/showthread.php?t=48 you can ask our programmer a question or place an order for a license specifying:
1) Number of your trading account;
2) Type of your trading account (Lite or Real);
3) Chosen component(s) of the package (the one you need a license for)
For those traders who are not LiteForex clients there is also a way to obtain the license for fee on a developer’s website http://forextools.com.ua.
MadaFX would like to offer FXSol GTS/MT clients the opportunity to receive a $50 bonus. Open a new FXSol GTS/MT account or fund an existing FXSol GTS/MT account between February 1, 2010 and February 28, 2010, and you will be eligible for the bonus:
New FXSol GTS/MT Clients
Deposit Bonus
$5,000+ $50
* Receipt of the deposit bonus requires the trading of 5 standard round turns (500,000 base currency). Customers who fail to achieve this amount and request a withdrawal of all funds will not be able to withdraw the deposit bonus amount. Cannot be combined with any other offers. One bonus per customer during the offer period.
According to the news announced 02/09/2010 we added a new server - EGlobal-Cent2, starting from today.
Please check trade conditions for a new server here.
You can open a new account on EGlobal-Cent2 server on the registration form.
Clients who wish to switch from EGlobal-Cent1 to EGlobal-Cent2 shall contact our customer support department in advance
(before 19.02.2010) from our Trader Room.
