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We founded our company with a strong belief: technology should give everybody the same access to quality exchange rates. In 1995 we were the first to provide free rate information online, and today we power the global need for trusted currency data and fair, low-cost foreign exchange trading.
MadaFX would like to offer FXSol GTS/MT clients the opportunity to receive a $50 bonus. Open a new FXSol GTS/MT account or fund an existing FXSol GTS/MT account between March 1, 2010 and March 31, 2010, and you will be eligible for the bonus:
New FXSol GTS/MT Clients
Deposit Bonus
$5,000+ $50
Existing FXSol GTS/MT Clients
Deposit Bonus
$5,000+ $50
* Receipt of the deposit bonus requires the trading of 5 standard round turns (500,000 base currency). Customers who fail to achieve this amount and request a withdrawal of all funds will not be able to withdraw the deposit bonus amount. Cannot be combined with any other offers. One bonus per customer during the offer period.
Time to trade! We’re offering yet another great promotion for all Micro and Classic account holders.
With our credit bonus, you can get up to 20.10%* on deposits into Micro and Classic Live accounts made between 27th February and 26 March.
*Restrictions apply. Please refer to the Terms and Conditions.
Forex is a leveraged product. It may not be suitable for you as it carries a high degree of risk to your capital and you can lose more than your initial investment. You should ensure you understand all of the risks.
ACM clients may now trade the Russian Ruble (USDRUB).The addition of the exotic Russian pair comes with special trading conditions and paves the way for ACM to incorporate further BRIC currencies into our offering. ACM remains committed to securing access to a wider array of tradable assets and as much liquidity as possible
For more information or for a free software trial, visit ac-markets.com
Since its creation, ACM has been growing continuously and now has offices in Geneva, Zurich, New York, Dubai and Montevideo. ACM offers its clients fast, efficient and secure access to five different trading platforms as well as outstanding execution conditions.
Forex Capital Markets Ltd. (www.fxcm.co.uk) announces the opening of FXCM Hellas, its newest branch office in Athens, Greece (http://www.fxcm.gr). Intent on becoming the premier Forex and CFD provider to the growing Greek trading community, FXCM Hellas will allow traders to access the benefits of FXCM’s No Re-quote execution.
Athens marks the 6th new FXCM office opened since January 2009, following new offices in Paris, Sydney, Dubai, Milan, and Santiago.
Due to FXCM’s access to highly competitive prices from some of the world’s largest banks, FXCM offers Forex trading with no dealer intervention and tight spreads as low as 1 pip. FXCM’s commitment to excellent client service, fair execution, and tight bid/ask spreads are the guiding values it brings to the Greek market.
“Many traders in Europe are not yet aware they can trade FX without order restrictions, without re-quotes, and without interference in their trading strategies,” said Drew Niv, CEO of Forex Capital Markets, “the opening of our Athens branch marks another step towards our goal of reaching every corner of the European trading community with this simple message.”
Clients of FXCM Hellas will be provided with the award winning FXCM Trading Station (named Best Retail FX Platform by FX Week’s 2009 e-FX Awards), a user-friendly and flexible software package which allows traders to access currencies, stock indices, gold, silver and oil, all from one platform. FXCM Hellas will further provide client service, education, seminars, and daily market news and analysis tailored for Greek traders.
“As online trading becomes more popular in Greece, there is a clear demand for an FX provider with FXCM’s strong principals and dedication to excellent service” said Harry Coundouris, Managing Director of FXCM Hellas. “We are fully confident Greek traders will quickly appreciate the advantages of FXCM’s No Re-quote execution”.
Come Visit Us! Make an appointment to see the new office and learn about the advantages of trading with one of the world’s largest and most financially strong retail forex and CFD provider.
FXCM Hellas
98 Vouliagmenis Ave
Glyfada-Athens, 16674
Phone: +30 2109690406
Fax: +30 2109690395
E-mail: sales@fxcm.gr
Web site: www.fxcm.gr
Sign up at http://www.fxcm.gr/ free-seminar.asp for a free in-person seminar with FXCM Hellas in Athens. Learn about the FX market and its advantages, and gain an understanding of the major principals of technical analysis and money management.
FXCM Ltd is regulated by the FSA (Financial Services Authority) one of the world’s most respected regulators. FXCM Hellas also complies with the rules and code of conduct of the Hellenic Capital Markets Commission (HCMC).
FXCM Holdings LLC Facts
As of September 2009
• FXCM Holdings LLC has over $100 million in capital
• More than 150,000 live accounts are traded through platforms offered by FXCM
• An average of $365 billion in notional volume is traded each month on platforms offered by FXCM
• More than $600 million in customer funds trading on platforms offered by FXCM
Trading foreign exchange and CFD’s on margin carries a high level of risk, and may not be suitable for all investors.
Media Contact:
Jaclyn Sales
jsales@fxcm.com
646-432-2463
FXDD Malta Ltd., a provider of online Forex trading, is proud to announce it has been granted licensing by the Malta Financial Services Authority (MFSA) to operate a Category 3 Investment Services company. Malta is a full member of the European Union, and its financial services regulations are fully harmonized with the EU Markets in Financial Instruments Directive (MiFID). FXDD Malta will provide Forex dealing services to retail and institutional clients.
“FXDD Malta will be at the forefront of the retail Forex industry,” said Lubomir Kaneti, a Director of FXDD Malta. “It will offer clients the best of both worlds: proven reliable technology based on the experience of FXDD Malta functioning in a regulatory framework that allows customers the freedom to choose their leverage and style of trading, as well as protection of customer assets.”
Clients of FXDD Malta will be able to use many trading platforms including MetaTrader4, MTXtreme, FXDD Trader, FXDD Auto, and multibank ECN hubs using Currenex and Integral technology. Clients will be able to choose between ticket-based or position-based platforms and will have more options for higher leverage levels. In accordance with European regulations, client funds will be segregated from the firm’s capital.
In addition to transactions in many foreign currency contracts, FXDD Malta’s clients will also be able execute transactions in gold and silver contracts; all of these executable instruments will be displayed in 11 languages and will make FXDD Malta one of the premier global retail Forex dealers.
About FXDD Malta
FXDD Malta, located centrally in the Mediterranean, is dedicated to providing superior customer service, powerful trading technology, and reliable streaming liquidity to Forex traders worldwide. Individual, institutional traders, hedge funds, commercial entities, brokerage firms and money managers around the world will have access to Forex and precious metal execution services 24 hours a day and 5 ½ days a week. The firm’s services provide competitive interbank pricing, no-interest accounts, and fully-automated execution. FXDD Malta also provides up to 200:1 leverage for regular accounts, as well as competitive bid-to-ask spreads (2-3-wide on most majors).
According to desires of our clients LiteForex keeps the trading conditions that were introduced on February, 1 unchanged.
On February, 1 the Liteforex group of companies has introduced new trading conditions as a special promotion. The promotion included new fixed spread on major currency pairs and cross pairs starting from 2 pips. According to Alexey Smirnov, the president of the LiteForex group of companies “the improvement of trading performance of each trader working with the group of companies” was the main purpose of this promotion. And the goal was successfully achieved as the promotion gained a positive response form clients. That is why the LiteForex company management decided to make this promotion a permanent condition: “New trading conditions introduced on February, 1 this year will maintain from now on as conditions qualify with modern requirements of the majority of the group of company clients.” – Alexey Smirnov continues.
The company takes care of both: intraday traders and traders that are using trading systems including automated. The spread amount issue is highly important for the letter type of traders.
Trading conditions improvement is a direct consequence of the company policy that heads towards creating the best working conditions for the LiteForex clients.
Starting from 10:00 am on March 3rd till 10:00 am on March 4th all participants of the New Russian Roulette contest will have a chance to become a winner having earned a maximum amount of virtual money during the trading in HG, GC, PA, PL, SI, with any delivery date.
Three winners with the best results will get a real cashable money at the amount of $1000, $300 or $100 as a prize.
In order to get prepared for the contest you can learn the information about financial instruments, contracts and trading features and fundamental factors that affect prices.
The contest process will be available online, and the information about activities and results of other participants will give you an additional adrenaline and a will to win.
You can share with the information communicate at the Broco forum site.
Once a quarter there will be an additional lottery for winners where they can win a travel trip.
Join the New Russian Roulette! It’s available for everyone!
A new indicator ft.LotRuler has been included in the author’s set of trading instruments «Forextools».
The group of companies LiteForex gladly announces to its clients that the set of instruments «Forextools» has been enriched with one more indicator - ft.LotRuler. Today LiteForex is the best platform for testing user’s mechanical trading systems, experts and indicators. Operating the accounts is supported by many developers, Sergey Kravchuk, an author of «Forextools», is among them. We’d remind you that «Forextools» is a comprehensive tool set of mutually complementary indicators, experts and scripts designed for working with Forex market with the use of the platform MetaTrader 4.
Since the beginning of 2010 Sergey Kravchuk has decided to pay special attention to the intraday trading tools. Designing of the Intraday Eye indicator, advantages of which the clients of the group of companies LiteForex have already appreciated in full measure, has become the first step in this direction. One more indicator - ft.LotRuler – is at traders’ disposal now.
This indicator considerably simplifies calculation of possible profits and losses and makes it possible to visually estimate and choose a corresponding lot size. Sergey Kravchuk says, that «such a tool saves greatly time and takes care of nerves of those traders, who work under tense intraday conditions».
The use of this indicator also simplifies the observance of «Money management» rules which is a precondition for successful trading in Forex market.
One can get acquainted with a detailed description and some peculiarities of the use of a new indicator in the corresponding division of a new trader forum of the group of companies LiteForex at http://forum.liteforex.org/showthread.php?t=296. The installer and the license archive for LiteForex demo accounts are accessible on the same URL address. The clients of the group of companies LiteForex can have the license for operating real accounts free of charge. Those traders who aren’t clients of the group of companies LiteForex can buy this license on the developer’s site at http://forextools.com.ua.
The group of companies LiteForex plans to constantly enrich and improve the offered set of instruments «Forextools» in the near future.
Risk appetite took a significant hit yesterday, as German IFO and US consumer confidence failed to impress the markets and concerns over Greece’s impending 24 hour strike weigh on sentiment. US equity closed down and today Asian and European markets followed. This was in spite of the positive economic data from Japan, that looked encouraging, as Jan trade surplus Y85.2 bln vs. Y108.5 bln deficit expected. Exports to China surged +79.9%, to the rest of Asia +68.1%, the third largest exports growth on record. However, today’s EU Industrial New Order rose 0.8% vs. -1.0% exp, giving a slight boost to the EURUSD. Interestingly, while there has been a pause, there are new reasons be EU negative (Fitch’s Greek bank downgrades has faded) and therefore sell the EUR, there is a growing paranoia around the UK finances. And yesterday, BoE Governor King dovish comments highlighted that the UK economy is still fragile and that risks to the outlook remain lodged to the downside, which just added to the growing concern. Today’s highlight will be Fed Chairman Bernanke semi-annual testimony (Q&A portion) before the House Panel. We believe he will stick the Jan FOMC minutes and sound cautiously optimistic on inflation and growth. In addition, his testimony will focus on the exit strategy through reiteration of comments he made back on Feb 10th. In our mind, the big risk will be any shift in language minimizes the sense that economic conditions warrant Fed Fund rates to stay ultra accommodating during an extended period of time. A move that would be bullish for the USD, especially considering recent economic data. Otherwise, the light calendar day will have markets clinging to any stories, especially ones involving sovereign credit worries. In the near term, we believe the USD should profit from improving economic data, discussions of exit strategy and increasing probability of eventual “normalization” of monetary policy. In addition the greenback should continue to benefit from sovereign risk worries in the EU and UK.
EurUsd The potential head and shoulders formation highlighted yesterday failed spectacularly after a false break through the 1.3655 neckline, but EURUSD bulls looking for a silver lining do not have to look far as yesterday’s sell-off did not manage to print a lower low than the 1.3444 from last week. As such, we can now assert a new short-term uptrend line between the 1.3444 print and yesterday’s 1.3497 low; meaning we are instead looking at a symmetrical triangle formation on the hourly chart. At the moment we are hovering above the lower bound of this pattern (trendline comes in at 1.3505); a break lower would in turn open up a downside target of 1.3120, with 1.3444 representing the most obvious area for bids to come in. However it feels that the market may be shifting towards a move higher in our view, as the 14 day RSI continues to creep higher –currently seen at 37, up from the 22-23 levels prevailing at the start of Feb. On the topside there is likely to be resistance around 1.3580 before we reach the upper edge of the triangle (currently at 1.3670), but a breach of this would in turn open up a target of 1.4050. As with yesterday’s footnote to the bullish scenario, it will be highly significant if buying momentum breaches the upper bound of the major downtrend channel now at 1.3790, as this has remained unchallenged since mid January..
UsdJpy The ongoing stink in Europe coupled with poor US data has given a major boost to the JPY this week, with yesterday’s price action pushing USDJPY down through significant 90.55 technical support all the way to 89.92 lows –coinciding with the 1 month uptrend. In our view this looks like a great opportunity to recharge longs, setting our stop just below the 1 month uptrend as a guide. The ascent is likely to be hampered intermittently by prior technical levels cluttered above (90.55, 91.00 and 92.15), with the major 2.5 year downtrend now coming in at 93.45 above. Only a break of this 1 month uptrend line would force a reassessment of the bullish bias, but any sell-off is likely to stumble around 89.15-30 coinciding with previous support levels and the back side of the broken downtrend from January.
UsdChf USDCHF rebounded strongly from the 1.0720 trendline support yesterday, and is now firmly back within the middle of its 2 week uptrend channel. From here (current levels 1.0815) this pair does not really present an attractive profile for new position entry in our view, as the next major upside resistance lies just below 1.0900, and the support from that 2 week uptrend line is also some distance away at 1.0725. 1.0800 is still acting as a pivot level for intraday pauses in the rallies and sell-offs, but ideally we would like to see the price back towards that uptrend line before going long again, looking for a break of 1.0900 and test of the upper bound of the uptrend at 1.0935.