Forex Broker News

You can find and read the latest news and press releases from all of our partner brokers here.

Introducing the new FXPRIMUS Web Trader

Monday 24th of March 2014

FXPRIMUS are pleased to announce the release of their new web trader platform! With the Web Trader, there is no need to download the MetaTrader4 platform to connect to your live or demo account. Instead you can simply and easily access your account using a web browser anywhere with an internet connection. The new web trader offers an array of useful features including customisable charting, an assortment of built-in custom indicators as well as one-click trading and a "close all" feature that enables you to quickly close all open trades on your account with a single click.

HotForex Launches the Rolex Time Trader Contest

Friday 21st of March 2014

HotForex would like to invite you to enter their new Rolex Time Trader Contest. The grand prize is a stunning Rolex Oyster Perpetual Submariner timepiece worth USD $10,000, so register now and start trading your way to the top.

The Prizes

1st Place - Rolex Oyster Perpetual Submariner (RRP $10,000)
2nd Place - $2000
3rd Place - $1000
4th Place - $500

You have to be in it to win it.
Click here to learn more.

FXPRIMUS Offering Increased Leverage of 1:1000

Wednesday 19th of March 2014

Due to popular demand, FXPRIMUS are now pleased to offer leverage of 1:1000 for accounts of USD5,000 (or equivalent) or less. If you have an account that qualifies and you wish to have your leverage increased, please email their support team at support@fxprimus.com. Please allow up to 1 business day for your request to be processed.

Please note that this increase in leverage does not apply to accounts currently in a MAM. In addition, please note that trading using margin carries high potential rewards but also high potential risks that may not be suitable for all investors.

Notice: Oil Expiration on 18 March 2014

Tuesday 18th of March 2014

FXPRIMUS would like to remind you that a new Oil trading symbol will be available on your MT4 platform on 18 March 2014, after this month's Oil contract expires. In your MT4 Market Watch panel, you should note the new month's Oil symbol Oil.K4. If you do not see this instrument in your MT4 Market Watch on 19 March 2014, simply right-click within the MT4 Market Watch and select "Show All."

Please note that monthly Oil expiration takes place one day prior to the expiration of its underlying futures contract at our closing bid/ask price. All open positions on the expiring contract will be closed, all floating profit and loss will be realized and all pending orders will be deleted. No positions will be rolled forward into the new contract.

Please note that you may manually execute trades on the new contract at the open of the next trading session at 01:00 MT4 time.

Get Your Share of USD25,000

Monday 17th of March 2014

Enter the April Trade Bonanza contest and earn your share of USD25,000.

Here's how the April Trade Bonanza Contest works:

1. Register for the contest inside your FXPRIMUS member area and fund your Live account with USD250 or more by 23:59:59 GMT +3 31 March 2014.

2. Trade from 00:00 GMT+3 1 April - 23:59 GMT+3 30 April 2014.

3. FXPRIMUS reward the top ten traders who earn the most by PERCENT GAIN

And don't forget that you can also earn cashback on your trades when you open your FXPRIMUS account through us!

New currency pairs are available

Friday 14th of March 2014

FinFX is happy to announce that 3 new currency pairs have been added to MT4 platform, to both the Demo and Live accounts. However, please note that the new pairs are currently available on demo, ECN Pro and PAMM accounts. Starting from next week you can also trade them on Micro and ECN accounts.

The following pairs were added:

USDZAR: US Dollar - South African Rand
USDZAR has been the most requested currency pair by FinFX clients. We believe this is because its relatively high interest rates make ZAR a popular carry trade currency.

USDPLN: US Dollar - Polish Zloty
The USDPLN is the most popular pair to trade the Polish currency due to its high volatility. In addition, since FinFX has recently gained some ground in the Eastern Europe, this pair was also among the most requested ones.

USDCNH: CNH is an offshore version of the CNY (Chinese RMB)
The explosive growth in China over the past decade has transformed it into one of the largest economies in the world making it a force in international finance. FinFX added the USDCNH pair, so investors outside of mainland China can now trade on the growth and volatility inherent in an economy that continues to be one of the world's fastest-growing.

Changes to Forex and Metals Session Times

Friday 14th of March 2014

Starting from Monday 17th March 2014, IC Markets will be implementing new trading times for their Forex and Metals products around the rollover period and start of the week on their MT4 platform.

Start of the week

IC Markets will now begin streaming prices at Market open on Monday morning from 00:03:00 platform time.

What is the rollover period?

Rollover, otherwise known as 'end of day' (EOD) and 'value date change' occurs daily at 00:00 platform time, 17:00 EST, 22:00 GMT and 00:00 platform time, 17:00 EDT, 22:00 BST during daylight savings in the northern hemisphere.

During the rollover period two things happen.

Positions are 'rolled' to the next value date. It is during this process that swaps are applied to positions
Liquidity providers (banks mainly) restart their FIX engines and can be offline for seconds to minutes.
Due to their being less liquidity providers streaming prices it is normal to see wider spreads and even erratic price action over this period.

New trading times

At present IC Markets disable pricing and trading across their Forex and Metals products for 45 seconds. This short break takes place between 23:59:45 and 00:00:30 platform time, right at rollover.

Starting from Monday 17th March 2014, they will be disabling pricing and trading across their Forex and Metals products for four minutes over the rollover period. Please refer to the new trading times below.

Additional changes to Metals trading times

Metals: XAUUSD, XAGUSD, XAUEUR, XAGEUR

Starting from Monday 17th March 2014, IC Markets will also be disabling pricing and trading across their Metals products for 45 minutes after rollover. This 45 minute break will take place from 00:15 to 01:00 platform time.

Through these changes IC Markets aim to eliminate the wide spreads and erroneous prices that are most prevalent over the rollover period, specifically the minute before and up to three minutes after, when many liquidity providers are offline.

Take Advantage of Improved XAU/USD (Spot Gold) spreads at FinFX!

Thursday 13th of March 2014

Based on your requests, FinFX have added new liquidity providers in precious metals, which enable them to offer some of the lowest spot gold spreads in the industry. Now, all FinFX clients are able to trade XAUUSD with reduced cost and superior execution.

Diversify or hedge your FX portfolio by incorporating gold as an asset class.

How much was the spread reduced?

XAU/USD transaction costs decreased by over 25% (since January 2014) as a result of their new LP introductions.

If you have an existing FinFX Live Account, you can already start trading spot gold with improved spreads on your account without having to do anything extra. Alternatively, you can also open a new demo or a live account by clicking here.