Broker News

We've recently been posting about new social Forex trading platforms and about brokers who are expanding their presence in the social space, but these days it seems as though another trend is angling to steal the spotlight – that is, the trend of Forex broker rebranding. Within the past few days Tadawul FX has announced that it will be rebranding itself with the name Liquid Markets, to reflect the company's value of liquidity in the Forex market. Tadawul FX is the second broker to rebrand itself in the past 3 months, as it follows Trading Point (aka Trading Point of Financial Instruments) which rebranded this summer to XEMarkets.

Markets.com, a leading Forex broker with a global presence has recently earned regulation by South Africa's Financial Service Board (FSB). This FSB regulation is the 12^th regulation for Markets.com, a company that is already regulated in the UK, France, Italy, Spain, the Netherlands, Germany, Sweden, Denmark, Hungary, Slovakia and the Czech Republic.

Start by telling us about yourself and your background: who you are, what you've done, and how you came to launch TheForexRoom.com.

Forex.com and its parent company, Gain Capital, have long been recognized as a leading US Forex broker, registered with the CFTC and providing top quality service to thousands of traders. The brokerage has also long served traders worldwide, with a large staff of Arabic team members as well as Russian speakers that deal with trader's needs and provide value market insights in different geographic regions. In the quiet summer months, however, this Forex giant announced that it will now be serving Canadian traders as well, an announcement which brought a breath of fresh air to an otherwise stagnant industry.

It's a story you don't hear often, and one you hope never to hear – a security breach hit a prominent Forex broker, allowing the personal information of private traders to become available to unauthorized eyes. The broker, Canadian-based Oanda, has divulged that some account information such as bank details, employment details and individual net worth of some of its fxTrade customers was discovered by hackers who accessed a laptop computer belonging to one of the company's employees. The hack is thought to have occurred between July 14 and July 17, 2012. Upon learning about the situation Oanda employees immediately disabled the affected username.

Many Forex brokers are constantly improving their services, but few add dramatic new offerings as regularly as FXCM. Only two months ago FXCM launched its revolutionary Forex app store which offers dozens of helpful Forex trading applications for those who depend upon mobile Forex trading. Now the brokerage has announced another exciting development, the addition of NinjaTrader services to its offerings.

Jennifer Thornburg is a successful Forex trader who runs several Forex websites. She will be speaking at the Futures and Forex Expo in Las Vegas, along with DailyForex senior analyst Huzefa Hamid. Learn more about the expo here.

After receiving licensing from the Financial Services Board (FSB) of South Africa, DeltaStock, a Bulgarian-based Forex broker, has opened an office within the country's borders, in the business district of Parktown, Johanesburg. The FSB is the regulatory body that oversees all non-banking services in South Africa. Among the bodies regulated by the FSB are the country's stock exchange, though few Forex brokers are registered with the FSB. Traders wondering about this latest regulation should not be confused – DeltaStock is also regulated by the FSC and BNB, and it operates under MiFID, the regulatory body that is dominant in Europe and one that does supervise a host of reliable Forex brokers.