UK Financial Conduct Authority (FCA) has been especially vigilant in the war against clone firms this year and has released a number of warning for forex traders. But the epidemic of forex broker website clones has not stopped. This time, the copycats forged LCGFX that has been one of FCA-licensed forex brokers.
Dublin-based forex broker AvaTrade is known as one of the more popular forex and CFD brokerage service online. AvaTrade is now holding a prize draw to win a Ford Fiesta ST.
UK-regulated Alpari UK and New Zealand-regulated FXOpen have warned people of several websites that claimed to be affiliated with them, when in truth, they didn't.
The monthly demo contest OctaFX Champion is going to enter its 30th round in September 2014. Yesterday, OctaFX sent out announcement that they are going to commemorate the 30th round of OctaFX Champion by tripling the prize money.
In order to improve customer satisfaction, forex brokers are competing in providing the best services. But how to know if one services is warmly accepted by the customers or not?
Metaquotes, the company behind Metatrader4 and Metatrader5, on Friday last week (8/8), announced that they have waived the mandatory test period for paid trading signals that is being sold in its marketplace. The news has potential to be both good news and bad news for forex traders.
Taking a head start at the beginning of August, Auckland-based forex broker RoboForex announced new terms for their forex bonus deposit. The amount of the bonus ranges from up to 50% for all of RoboForex clients to 70% for clients in the Verified Client program.
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.
