Apparently, there is another trend in forex industry apart from binary option, bitcoin boosting, and social trading. We've missed it before, but now spotted it for you. On April 5, several broker news presses reported that US institutional forex broker and liquidity provider Institutional Liquidity LLC (ILQ) have announced their decision to drop out of US forex retail scene.
The Auckland-headquartered broker has announced the introduction of 24/7 Swap-free Cryptocurrency Trading. Did you heard that right? yes, now people can trade cryptocurrency, including bitcoin, everyday of the week without swap charges. That sounds wonderful. Even after all that happened in the world of cryptocurrency, it remains a hot stuff that many people can't wait to get their hands on.
This part of the world is famous for its abundant productive age population which constructs an exciting field for retail forex brokers. However, they may face a unique market where maneuvers are needed.
A new breed of binary options that facilitates bets on virtual currencies has been launched. This marks a new effort by an online trading community to ease bitcoin trading for a wider audience.
CySec has issued warning against SiliconValley Markets and fxttcm.co.uk, as there are others regulated forex brokerages who operate under similar domains.
Mt.Gox has obtained temporary bankruptcy protection in the US. Add to that, there is rumour of extortions from anonymous hacker for Mt.Gox clients to pay to have their datas removed.
As a part of efforts to rediscover ways to enhance their profile and compete in tempting new traders, at least four retail brokers released good news of rebranding to new offerings.
Russian regulator is on the way to curb Russian brokers' moves. Russian Parliament is going to vote on a new forex regulation that will put caps on leverage and monitor forex ads closer.
