Forex Brokers and Market News
Digital data extortion is nothing new. A while ago, clients of the hacked-to-death Bitcoin exchange Mt.Gox have received ransom demand in return of the deletion of stolen personal info. That was also not the first incident of similar modus operandi. However, it seems that such events has become much more frequent. Within this week alone, at least two high-profile finance-related institutions fell victim.
The rising popularity of Bitcoin and other virtual currencies is not easily accepted. Not only governments that questions its legality, long-established payment systems too, are seemed uncertain in deciding what to do with it. Last week, reports came out that Neteller has revised its Terms of Use, and now prohibits transactions with virtual currencies.
In order to attract new clients, forex broker usually held demo trading contest with prize that could be used as initial deposit. While to keep the existing clients happy, there are usually rebate or loyalty program. In this sense, forex broker XM newest program certainly shall delight traders, XM new clients and long-time clients alike.
Payment options is one of the many aspects that forex trader considers before choosing forex broker to trade with. Therefore, forex brokers continue to add more payment option alternatives. Russian-based forex broker Alpari RU is no exception.
Technology advanced fast in forex industry, not excepting among forex trading platform providers. Yesterday (15/7), Leaprate reported that MetaQuotes upgraded Metatrader4 to include several new features. On the same day, Forexmagnates wrote that cTrader platform now has been added to Myfxbook's social trading network AutoTrade.
eToro experienced a DDOS Attack and was down for some time last week. This event brought forth the vulnerability of online transactions, including online forex trading and cryptocurrency.
Forex trading platform provider, MetaQuotes have been improving its MetaTrader 5, the newer version of Metatrader 4 that has not been accepted with vigor by traders. Yesterday, Forexmagnates reported that Metaquotes announced several new features on Metatrader 5 that might attract brokers and traders to shift on to this trading platform.
The holy month of Ramadan marks an important moment in muslim dominant countries, particularly in Asia. Some forex brokers are celebrating this annual event by offering special bonus program. Now, it is St. Vincent & Grenadine-based forex broker, Exness, that launched Ramadan 2014 Bonus Program.
One more online forex broker is jumping on binary options bandwagon. Forex Broker Masterforex (MFX) clients now have the opportunity to trade binary options as Masterforex arms of binary options, MFX Options, became available for MFX clients.
The US NFA board has recently approved a ban on credit card deposit to fund retail forex account. The ban is now a subject for approval by the Commodity Futures Trading Commission (CFTC).
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