Category: Brokers

FXCM has announced a new partnership with TradingView

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FXCM review

FXCM Group, LLC, one of the leading international brokers of foreign exchange trading, CFD trading, cryptocurrencies and related services, has launched an API-powered integration with TradingView, Inc., the all-in-one financial platform for traders in the equity, cryptocurrency, futures, and FX markets.

The integration means that FXCM users will be able to execute orders directly from the TradingView platform. With access to TradingView’s powerful charting tools, advanced data analytics, and user generated research, customers will now have the option to gather new sources, assess market moves, and trade in real time.

Chief Marketing Officer at FXCM Group, Sameer Bhopale has commented on the partnership: “Our integration with TradingView will bring sophisticated tools to the FXCM portfolio, ensuring our customers have access to as much technology and information as possible. This partnership will further enhance FXCM’s long standing mission of providing excellent customer experience to the highest degree.”

Denis Globa, CEO of TradingView, commented: “Through partnering with a long-standing broker like FXCM, we look forward to seeing our community of traders engage with new markets and trade in real time. Our products continue to improve as we combine the global reach of both our offerings.”

About FXCM

FXCM is one of the pioneer providers of online trading, foreign exchange or Forex trading, CFDs, Stocks, Commodities, Indices and spread betting. Founded in 1999, the company’s main aim was to provide global traders with access to the world’s largest liquid market through innovative trading tools. The FXCM LTD is authorized and regulated in the UK, Australia and South Africa. You can read our full FXCM review here.

Greg Niebank is appointed as OANDA’s Head of Product

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A global leader in online multi-asset trading services and currency data and analytics, OANDA Global Corporation has further strengthened its client offering with the appointment of Greg Niebank as Head of Product. Niebank will be based in London, and will be responsible for introducing additional trading instruments, client-focused partnerships and platform enhancements. 

Niebank has spent his entire career with CMC Markets and has arouns 21 year of experience in the electronic trading industry. He has joined CMC Markets as a junior dealer back in 1997 and progressing through the ranks to Group Head of Product.

Kurt vom Scheidt, OANDA's COO has commented on the appointment, “Over the years, OANDA has earned a reputation for combining state-of-the-art technology with a customer-focused approach, and we remain fully committed to providing clients with access to a wide range of instruments and advanced trading tools through our award-winning platform. As such, Greg’s extensive knowledge of the industry will be extremely valuable as we continue to develop our product.”

Niebank’s appointment is just the latest in a series of high-profile hires made by OANDA since Gavin Bambury assumed the reigns as Chief Executive Officer in August. The firm also recently recruited Mark Chesterman as Head of Trading, Lucian Lauerman as Head of Solutions for Business, and David Grant as Chief Operating Officer, Asia Pacific. In addition, Kurt vom Scheidt has assumed an expanded role as Chief Operating Officer.

OANDA is a technology-driven, a financial services corporation founded in 1996.Company’s regulations are divided by geographical region of the company presence: OANDA Europe Limited – authorized by FCA (UK), OANDA Asia Pacific Pte Ltd – authorized by MAS (Singapore), OANDA Australia Pty Ltd – authorized by ASIC (Australia), OANDA (Canada) Corporation ULC is regulated by the IIROC. You can read our full OANDA review here.

OANDA hired a new Chief Operating Officer, Asia Pacific

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A global online multi-asset trading services and currency data company, OANDA has announced the appointment of David Grant as Chief Operating Officer, Asia Pacific, based in Singapore. Mr. Grant will be responsible for overseeing the firm’s administrative and operational functions as well as enhancing the overall efficiency of the business.

David Grant holds more than 20 years’ experience in the electronic trading industry and has previously taken the role of Chief Executive Officer in the Singapore offices of City Index and OptionsXpress. Before being appointed to this new position, Grant served as APAC Chief Operating Officer in Gain Capital. His career has also spanned several leading financial institutions including Goldman Sachs and E*Trade.

The Managing Director for the Asia-Pacific and Americas regions, Mohsin Siddiqui said: “An accomplished financial services professional, David brings with him an extraordinary knowledge of the industry landscape. His extensive experience in trading, operations and management will be invaluable as we look to further grow the business in Asia Pacific.”

Grant’s appointment is just one in a series of high-profile appointments made by OANDA in recent weeks. The company has recently hired a new Head of Trading , Mark Chesterman,  and a new Chief Operating Officer - Kurt vom Scheidt.

OANDA is a technology-driven, a financial services corporation founded in 1996.Company’s regulations are divided by geographical region of the company presence: OANDA Europe Limited – authorized by FCA (UK), OANDA Asia Pacific Pte Ltd – authorized by MAS (Singapore), OANDA Australia Pty Ltd – authorized by ASIC (Australia), OANDA (Canada) Corporation ULC is regulated by the IIROC. You can read our full OANDA review here.

GAIN Capital’s Q1 2018 Revenue Reaches $107 Million

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One of the biggest retail FX providers in the United States, GAIN Capital Holdings has reported about its retail trading volume for the Q1 2018, and it is around $795 billion, which is 28 percent more than in Q1 2017. The company's financial report for the first quarter of 2018 shows about fast rising revenue in comparison to the last year.

GAIN Capital is a provider of online trading services, located in New Jersey, USA. The company offers an access to retail trading with foreign exchange, contracts for difference (CFDs) and exchange-based products to the customers. Trading is operated via two trading platforms, its own FOREXTrader PRO, or MetaTrader 4.

The retail volumes of the GAIN Capital Holdings has been rising on a yearly basis, which we can clearly see from its Q1 2018 report. The net profits of the company for Q1 2018 are estimated to be $16.2 million, that are quiet good results compared to the its loss of an $11 million in 2017.

This splash in the trading activity of the company during first three month of the year was partially a result of the US Federal Reserve policy changes that caused the volatility and helped to ignite the markets.

One more reason for such a fast growth of the revenue was the adjustment on the company's EBIDTA (Earnings before Interest, Taxes, Depreciation and Amortization) raised from $13.4 million loss in Q1 2017 to $33 million‎.

Sucden Financial Record Revenues and £10.9m Net Profit for 2017

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Sucden Financial has revealed its financial report with the results for 2017, calling attention to company's record revenues and profits made that year. The posted net profit of the company for the 2017 is £10.9 million, which is 30% more than it was in 2016.

Sucden Financial is one of the main brokerage companies based in London, UK. The company is licensed by FCA (Financial Conduct Authority) and is a subsidiary of a Sucres & Denrées S.A, French commodities trading company based in Paris.

Sucden Financial is a partner of the London Metal Exchange and is also a member of the Intercontinental Exchange. The company offers execution and clearing services for exchange trading assets, CFDs and Over-The-Counter (OTC) FX. Sucden Financial is also a forex market operator for both retail and corporate forex clients.

The CEO of the Sucden FInancial commented on the posted results that the report shows company's stability and the potency of their business. The profits and revenues show that the large investments benefit the company and help it to grow and increase in all its areas and services. The company has big plans for its further growth and wants to develop in the area of foreign exchange, equities and bonds.

During 2017 Sucden Financial has been developed its holdings and funds. The brokerage gave the opportunity to access the major ECNs for trading foreign exchange 2017. The same year the company has added FX options to its portfolio.

NinjaTrader added City Index and OANDA to its brokerages list

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NinjaTrader LLC has added two new forex brokerage service providers, OANDA and City Index, and gave the opportunity for its forex trading clients to diversify their investments. These two forex brokerages are now available on the NinjaTrader platform.

NinjaTrader LLC. is a software development company which owns and supports all related technology, including the NinjaTrader trading platform. It was established in 2003 and has quickly grown into a business that supports more than 60 thousands traders all over the world and provides high-quality technology along with the outstanding support. It provides a platform for manual and automated traders of equities, forex markets and futures. The company officially works as an introducing broker for multiple brokerages worldwide and is well-known for offering free analytics, system development and charting. NinjaTrader also provides the opportunity to save investments through reduced commissions.

From now on, the users of the NinjaTrader will have even more choices of the brokers who offer forex trading. The US-based clients now can choose OANDA as a Forex Dealer Member option, joined FOREX.com, while City Index (a subsidiary of Gain Capital Holdings Inc.) joined FXCM also as a FDM option for the traders outside the United States.

With faster trades execution and low spreads across all the available forex brokerages, NinjaTrader users get suitable prices with a good quality tech support and functional platform. These users will have an access to more forex trading companies right from the website after a simple online registration.

Newly added OANDA and City Index can already be used by both new NinjaTrader clients and existing clients who have their trading accounts set up.

CVC Capital Partners Asia Fund acquired retail trading platform OANDA

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Private capital firm CVC Capital Partners has acquired a retail FX broker OANDA, after partnering with Blackstone and acquisition of one of the online payments specialists Paysafe. No price or other financial terms of this deal were disclosed

OANDA was established in 1995 and is known as one of the global online trading platforms, analytics and currency data companies. OANDA’s remarkable technology, new products and execution across a broad range of assets, gives the opportunity to trade currencies, commodities, indices, metals and treasuries.

The most significant move of the company was launching its online foreign exchange trading platform 'fx trade' in 2001. This option enabled professional and retail clients to trade FX.

Even after becoming owned by the new ownership, the private investment group CVC Asia Fund IV, the company will still be led by its Chief Executive Officer, Vatsa Narasimha, who was the key person in the investment from CVC Asia Fund IV and played an important role in developing the business since 2015.

Acquisition of the OANDA company means the taking on the years of successful trading experience. The company has been the ultimate source of FX rates for leading global corporations such as Google, Samsung and Tesla.

In his comments about this deal Vatsa Narasimha said that he is excited by the change of the ownership and the further OANDA's development. OANDA is a consumer-oriented company and those who manage it have a promising strategic and product concept to drive value over the next few years and to focus on its growth and development.

Saxo Bank Reports The Fall of The Trading Volumes in April

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Saxo Bank's FX average volumes have fallen to $11.7 billion, which is more than 20%. It is the second month in a row that the volumes are falling and also the lowest since December 2017.

Saxo Bank is a fully licensed and regulated Danish bank, based in Copenhagen. Its online trading platform enables the customers to invest across global financial markets. Also the bank is a multi-asset and retail FX brokerage.

The broker's monthly report for April shows that it failed to overtake March volumes which were relatively low, decreasing the month-over-month metrics in all business sectors.

In March, company's FX trading volume dropped by 26 % to $317.2 billion.  The average daily volume of the trading activity was receded to only $14.4 billion, compare to $21.7 billion in February this year.

During April 2018, Saxo Bank's FX average daily volumes dropped to $11.7 billion, which is the lowest since December. Looking on the yearly timeframe, this number is still best in comparison to April 2017, which was $10.3 billion.

Last week, Saxo Bank signed an important partnership deal with tech-giant Microsoft. The brokerage will be responsible for the whole banking platform on the Microsoft Cloud.

Although the metrics are a bit down, Saxo Bank is making significant moves in the direction of the growth and development. First of all, it relocated the whole banking platform to Microsoft Cloud. Secondly, the new ownership group based in China is making its first steps in paring assets and leaving the South Africa FX market, so it can expand more in China by partnering with Italian Banca Generali and Chinese SINA Corp’s Valuable.

Investoo Group Announced about getting FCA Registration

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One of the largest FX and crypto affiliates Investoo Group (https://www.investoogroup.com/) has announced the registration by the Financial Conduct Authority (FCA) in the UK, as an Appointed Representative of Met Facilities LLP. It is now authorised and regulated by the Financial Conduct Authority (FCA) under registration number 587084.

Met Facilities provides a regulatory hosting solutions within its platform for funds, start-ups and financial services companies. The company is an expert in a vast array of financial services activities. The company provides regulatory permissions and carries responsibility for training and risk monitoring at companies such as Investoo. Met Facilities is suitable for brokers, asset managers, investment advisers, exchange platforms and corporate financiers.  

Getting the FCA registration gives Investoo permission to assist clients in relation to buying, selling, subscribing for or underwriting the investments appointed for the purposes of regulation of the Financial Services, as being securities or relevant investments.

Based in London, Investoo Group has rapidly became one of the biggest FX and cryptocurrency affiliates and lead generators. The company has been working on establishing the FX and crypto affiliate space. It has also secured £7.5 million credit line in 2017. During the first year of its operation, the company has grown from 1 to 50 employees.

The chiefs of the affiliate firm believe that this partnership will help Investoo to grow in the financial markets and become the leader in lead generation business. This opportunity enables the company to encourage responsible investing and educate consumers on all the possible risks within the industry.