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Forex Broker News

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

New Commodity Pair - Natural Gas - XNG/USD

Thursday 22nd of January 2015

Pepperstone has released an exciting new commodity pair for all traders: Natural Gas - symbol XNG/USD

Natural Gas is an energy commodity that is affected by factors such as unexpected weather related demand, fossil fuel prices as well as supply issues. Not as readily portable as Oil, gas markets are fragmented and localized economic factors can cause diverging prices in different regions. XNG/USD is based on US Natural Gas, and is driven by global factors as well as those that affect only the US market.

In recent years US natural gas has been fairly volatile, tripling from $2 to over $6 per MMBTU between 2012 and 2014, before crashing spectacularly back down to below $3 early this year. An unusually cold winter in early 2014 showed the effect that weather can have on this commodity as demand squeezed prices higher; with falling oil prices and a mild winter this year, the price has fallen to the lower end of its recent trading range.

To start trading Natural Gas now in your MT4 Platform, simply right-click on Market Watch panel and select 'Show All' - look for the XNG/USD to begin.

Following the recent shock to the market, led by the decision of the SNB to remove its EUR/CHF floor, IronFX would like to reassure their clients that IronFX is unaffected and is continuing its business as usual.

They are pleased to inform you that they fully covered all negative balances arisen from the recent SNB event and will continue offering negative balance protection.

Client fund protection is a core pillar of our operations, and they are working round the clock to maintain the highest possible levels of fund security and regulatory compliance, despite any turbulent market movements.

Traders with IronFX can be assured that their assets are protected.

Important ECB Announcements

Wednesday 21st of January 2015

This is to inform you about the key ECB announcements expected tomorrow (Thursday, 22nd January, 2015)

All eyes will be on the ECB and Draghi for tomorrow's press conference (1:30 PM GMT) With the ECB's interest rate decision also being held tomorrow ( 12:45 PM GMT) and a strong belief held that the ECB will use this meeting to announce details regarding their quantitative easing program. Markets and spreads are likely to be extremely volatile and will widen during this period.

In preparation for ECB's QE/Rate announcement please ensure your account's exposure is kept to a minimum and is well capitalized to avoid liquidation. IC Markets will be changing the leverage across all pairs to 100:1 during the Asian session tomorrow. Any account with an exposure of greater than 50 times its value will be assessed for liquidation/position reduction prior to the announcement.

The reduced leverage will be effective until 26th of January 2015, post which normal leverage will be assessed on pairs.

IC Markets Still Strong

Tuesday 20th of January 2015

The unexpected announcement by the Swiss National Bank (SNB) that it would withdraw the cap on the Swiss Franc's value against the Euro took many in the industry by surprise and resulted in extreme volatility in the Forex markets.

IC Markets were surprised by the extreme volatility after the announcement, however fortunately in December, 2014 they assessed the risks associated with this pair and reduced the leverage offered to clients. As a result of this pre-emptive measure they were able to minimise the impact of negative client equity and provide additional protection for their clients. Despite the significant volatility during the announcement they were able to maintain pricing during periods of low liquidity.

The new paradigm in the Forex market could be characterized by periods of low volatility followed by extreme episodic volatility as we saw with the Russian Rouble in December and now the Swiss Franc last week. Two such events happening within a month of each other should be considered as a sign of the times. IC Markets are expecting more volatility like this although not of the same magnitude throughout 2015. IC Markets would like to assure you that they will continue to focus on pre-emptive risk management so that their clients remain unaffected by future volatility.

The IC Markets financial position remains strong and above their regulatory requirements with trading unaffected. As always client funds are held in segregated accounts with leading Australian banks NAB and Westpac.

Important Notification from FinFX

Monday 19th of January 2015

FinFX would like to officially inform that due to regulatory reasons, FinFX will no longer offer brokerage services to U.S. citizens as of 30.1.2015.

If you have any questions or inquiries, please feel free to contact FinFX and they will be happy to help and assist you.

They apologize for any inconveniences that this may have caused you and appreciate your understanding regarding this situation.

Important AxiTrader Update

Monday 19th of January 2015

A message from Goran Drapac, Chairman and Chief Executive Officer of AxiCorp Financial Services Pty Ltd:

"On Thursday 15th January, the Swiss National Bank withdrew its policy regarding the 1.20 EURCHF price floor. Consequently, the foreign exchange market in Swiss Franc experienced an unprecedented disruption.

Like many firms, some of AxiTrader's clients sustained losses greater than the balance of their accounts due to the gap in market pricing. The overall financial impact on AxiTrader has been limited and our regulatory capital and cash resources remain above the regulatory requirements. Customers can be assured that Client Funds remain segregated and business remains as usual."

Goran Drapac
Chairman and Chief Executive Officer
AxiCorp Financial Services Pty Ltd

CHF: Important Announcement

Friday 16th of January 2015

Orbex would like to take this opportunity to assure you that despite the extreme volatility the markets have experienced over the past few days, which has cast its shadow over many forex brokers, they are still proudly serving their clients at full capacity and their operations have not been negatively affected.

Orbex are committed to continue serving their traders responsibly and would like to thank you for choosing them as your broker.

Due to the Thursday's dramatic move on the Swiss franc by the Swiss National Bank, a number of brokers have announced that they "can no longer meet regulatory minimum capitalization requirements because of significant losses". A considerable number of brokers went bankrupt and closed down.

FinFX adheres to strict risk management policies and has an extensive range of internal policies and procedures to ensure high standards of business processes; thus they were able to overcome unprecedented volatility. FinFX would like to inform their clients, that their business was not affected substantially. FinFX will continue to operate normally.