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Gerald Segal is a Managing Director at LeapRate, which provides analysis of the Online Forex Trading world. Gerald's reports are a leading source of information on the size, growth and regulation of the Online Forex industry. Prior to founding LeapRate Gerald was an investment banker for 18... More
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  • Forex Broker Shares Are Soaring – More IPOs In The Works?
    Record retail forex volumes have caught the eye of stock market investors - and they are snapping up FX broker shares.

    FXCM, IG Group, Forex.com, GCAP, Gain Capital, Monex, share price, forex brokerLeapRate 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.

    Forex broker, FXCM, GCAP, Gain Capital, IG, IG Group, Monex

    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.

    Dont trade until you get LeapRate Research v3 for newsletter

    Tags: AMP, AMTD, BAC, BBD, BBVA, BCS, BGCP, BK, BMO, BNS, BTFRF, C, CM, CME, CS, DB, DJ, ETFC, FB, FTGI, FXCM, GCAP, GS, HSBC, IAPLF, IAPLY, IBKR, IGGRY, LUK, JPM
    Jun 19 9:24 AM | Link | Comment!
  • Myfxbook To Circumvent MetaQuotes Ban Of Copy Trading Platforms
    Myfxbook tells MT4 copy trading clients to switch to 'EA mode' from 'auto update' mode.

    MetaQuotes, Myfxbook, MT4, copy tradingThe 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.

    fx brokers, forex brokers, trade forex, fx trading, avafx, axitrader, fxcm, alpari, swissquote, mig bank, FXCM, FXDD, FxPro

    Tags: AMP, AMTD, BAC, BBD, BBVA, BCS, BGCP, BK, BMO, BNS, BTFRF, C, CM, CME, CS, DB, DJ, ETFC, FB, FTGI, FXCM, GCAP, GS, HSBC, IAPLF, IAPLY, IBKR, IGGRY, LUK, JPM
    Jun 12 10:03 AM | Link | 1 Comment
  • Bitcoin Prices Manipulated On The Weekend?

    Bitcoin prices and volumes on Mt Gox showed very strange patterns at a normally slow time.

    Bitcoin logoAnother reason why FX brokers are still generally reluctant to add Bitcoin trading... Coinsetter Blog pointed out a very interesting phenomenon, whereby it questioned whether Bitcoin prices were being manipulated this past Sunday, June 2. After several weeks of relative stability in the Bitcoin market, Coinsetter pointed out that this weekend saw a rapid and otherwise unexplained drop in Bitcoin prices, as per the chart below: Another reason why FX brokers are still generally reluctant to add Bitcoin trading...

    After hovering near the $130 level the prior week, strong selling pressures forced the Bitcoin price down to about $120 over the course of just several hours. Alongside the price movement came a large jump in volume. Coinsetter also noticed multiple "clog sales" (i.e. small transactions of the same size in rapid progression). In all, $5.3 million of Bitcoins were sold off during a seven hour period. This equated to more than 40,000 BTC of trading volume, which was returned to the market as buy orders about an hour later. Coinsetter's prognosis: possible market manipulation.

    Manipulating the market for instruments having low trading volume such as Bitcoin is fairly easy. Coinsetter points out that given that Bitcoin's displayed and perceived current price is based on the "last price", big selling on a small orderbook can make it appear that prices are dropping for a more legitimate purpose.

    Bitcoin prices this week have drifted back up a little, but remain below last week's $130 level.

    We'll keep following this story. Stay tuned to LeapRate...

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

    trade forex, fx trading, Yuan, China, Renminbi, fx brokers

    Jun 05 8:34 AM | Link | Comment!
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