gersegal's  Instablog

Record retail forex volumes have caught the eye of stock market investors - and they are snapping up FX broker shares.

LeapRate Exclusive..... Our recent reporting on the record retail forex trading volumes being achieved by FX brokers around the world has indeed been noticed by the Wall Street and London City crowds. Over the first six months of 2013, shares of publicly traded Retail Forex brokers are up in the 30%-60% range, well beyond the 15%-16% rise in the major stock indices.

As the graph above shows, so far in 2013:

• FXCM (NYSE: FXCM) shares are up 56%, and now sit 11% above their $14-per-share 2010 IPO price,
• Gain Capital (NYSE: GCAP) shares are up 50%, and recently crossed the $6 mark for the first time since early 2012, although they still are well below their $9 IPO price,
• IG Group (LON: IGG) shares are up 27%, sitting at an all-time high,
• Monex Group (TYO: 8698) shares are up 85%.

For more details see LeapRate's Forex Industry News at leaprate.com.

For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.

LeapRate Exclusive..... Our recent reporting on the record retail forex trading volumes being achieved by FX brokers around the world has indeed been noticed by the Wall Street and London City crowds. Over the first six months of 2013, shares of publicly traded Retail Forex brokers are up in the 30%-60% range, well beyond the 15%-16% rise in the major stock indices.

As the graph above shows, so far in 2013:

• FXCM (NYSE: FXCM) shares are up 56%, and now sit 11% above their $14-per-share 2010 IPO price,
• Gain Capital (NYSE: GCAP) shares are up 50%, and recently crossed the $6 mark for the first time since early 2012, although they still are well below their $9 IPO price,
• IG Group (LON: IGG) shares are up 27%, sitting at an all-time high,
• Monex Group (TYO: 8698) shares are up 85%.

For more details see LeapRate's Forex Industry News at leaprate.com.

For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.

The different FX social network and copy trading platforms targeted by MetaQuotes for elimination from unauthorized access to MT4 servers have taken different approaches to the situation. On the one hand is Tradency, which announced that it will "cease operation with MetaQuotes systems, shifting Mirror Trader brokers to [other] various currently available proven solutions."

However most of the other copy trading companies are basically ignoring MetaQuotes warning, realizing that the MT4 brokers want and need the volumes provided by copy traders, and are finding IT solutions to circumvent the ban.

Myfxbook has announced that it is business-as-usual for its MT4 clients. Myfxbook did point out that MetaQuotes is blocking Myfxbook from automatically accessing MT4 servers (which Myfxbook believes is because of the high load they created on their servers), and as such Myfxbook stopped offering the auto update option for its trading clients. Instead, Myfxbook asked clients to simply switch from the auto update option to the EA method instead.

Myfxbook made clear that no other functions of Myfxbook are affected and that everything is working as expected.

As a side note, Myfxbook did say that they're working on integration with new trading platforms. As we said when this story broke, we believe that the big winners in all this will be the leading independent FX platform providers, such as Leverate and X Financial Solutions. They all have the MT4 copy trading firms (ZuluTrade, Myfxbook, Tradency, Tradeo...) knocking on their doors, scrambling to have an alternative to MT4 out there.

Stay tuned to LeapRate, this story will be interesting to follow -- and may reshape the entire retail trading industry.

For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.