| Updates in Forex |
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FXTradeCity In Conjunction With Quantina Intelligence Forex Research Lab Presents Yuletide Promotion (50% Discount)On All Quantina Forex Intelligence Products FXTradeCity is glad to announce its 50% Discount promotion on all Quantina Intelligence Products in this season of celebration. This means friends, visitors and fans of FXTradeCity will get all products on Quantina Intelligence website for Discount of 50% cost price until the expiration of the promotion.BenefitsQuantina Forex News Trader EA 2015 ULTIMATE v3.1 (Automated-and-Manual Trade) - See more details of the EACost Price: £190.0050% Discount: £95 Quantina Forex News Trader EA 2015 DEMO v3.1 (Automated and Manual)See more details of the EA Cost Price: £29.00 50% Discount: £14.50 Quantina Intelligence iTrend EA 2015 Universal Edition v1.5See more details of the EA Cost Price: £99.00 50% Discount: £49.50 Quantina Intelligence Session Trader EA 2015 Universal EditionSee more details of the EA Cost Price: £29.90 50% Discount: £14.95   Quantina Straddle Trader EA 2016 (With Latency Meter) Half Automated Trading System with high spread- and profit protection system. See more details of the EA - **Available for ONLY existing cutomers Cost Price: £19.00 50% Discount: £9.50 ......and many more products (indicators, special settings packs, e.t.c.). To take advantage of this offer use the Coupon Code: VIPxcOnyeB at check out during payment for any product on Quantina's website.We strongly recommend deploying your news trading EAs on a VPS in order to avoid missing any trade. NextPointHost is a very good VPS Provider offering up to 25% additional lifetime discount depending on the billing cycle. We learnt a new data centre will soon be launched in London amongst other data centres in Europe. See more details: NextPointHost Forex VPS HostingWish you a pipful encounter trading the news.
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Metaquotes Software Corp Launches MetaTrader 4 Web Platform - Beta Edition on Browsers The makers of MT4 officially announced the launching of a web based MT4 platform on browsers. The news which was posted on 31st August, 2015 in the official website states that users can utilize the platform via any browser and operating system (Windows, Mac, Linux). No additional software is required — everything is done on the MQL5.community website. The only requirements needed to get started is to register for an MQL5.community account and a demo account on the MetaQuotes-Demo server. The platform is not limited to only Metaquotes demo servers, because traders can still register their broker name, and login in to their accounts. Click this link to add a trading account: https://www.mql5.com/en/tradingThis innovation breaks the barrier of standalone platforms which restricts traders to their PCs. Now traders can get access to their platform everywhere, anywhere as long as a browser is there.
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Forex21 Launches Update of FXPulse 4.0 The makers of the renowned Forex Insider Indicator, PowerFlow EA & ProFX recently launched the updated version of FXPulse Tool. The utility, which aids news trading by providing news events directly on the chart makes it the fourth major update since inception.
A major feature in the new version is the multilingual interface & faster delivery of news events directly on the chart.
Key Features- Automatic updates of news events
- Currently supports English, German, Russian, Spanish, French, Italian, Japanese, Chinese, Hungarian, Polish, Indonesian.
- Fast news stream
- Robust filtering function. Filter events that should display, alert, e.t.c.
Once more the utility comes FREE with no conditions.
Statement from the developers: "News is the lifeblood of the Forex Market! Did you ever find yourself in a trade where everything seemed to be perfect but suddenly the price turned within seconds against your position and your profitable trade turned into a huge loss? 
If yes, surprise “You got strucked by Forex News”.
Experienced currency traders know that keeping an eye on Forex News and Economic Data is essential because there is nothing what can turn prices as quick as News do. And so should you."
Click here to visit Forex21 and download FXPulse4.0Additional Download: Forex Insider (FREE)
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 NextPointHost Forex VPS & Hosting Solutions Celebrates 5 Years Anniversary With Special Discount Offers & A Special Birthday DrawNextPointHost recently announced Discounted Prices and a Special Birthday Draw For Their 5th Anniversary - Tuesday, May 5, 2015
NextPointHost, a premier provider of affordable and VPS hosting, announced it is marking its 5th anniversary by announcing a couple of special discounts to help celebrate five years of offering world-class web hosting services to customers in Europe and internationally.
In celebration of its 5-year anniversary, the company has announced discounts on two of the most popular hosting services – shared and VPS SSD servers - offering new and existing customers 50% off all new orders placed before 20th May 2015.
NextPointHost will also be giving away a Free SSD VPS Hosting account for 1 year. Anyone can take part in the Birthday Draw just by visiting their Facebook page and submitting the application form for a chance to win.
Having started with just three Forex VPS hosting plans in 2010, NextPointHost’s service portfolio has grown and adapted over the past 5 years to include products under 6 different categories and catering to businesses of all sizes. In fact much of the past 5 years at NextPointHost has been spent on tweaking and perfecting their hosting solutions.
The company has already exhibited phenomenal success in the market. “NextPointHost’s 5th anniversary is a significant milestone in an industry that is changing constantly, said Genko Penev, CEO of NextPointHost. “A long-term focus on customer care and a stable operations have greatly contributed to NextPointHost’s success. We now have two datacenters, and a range of hosting products far more powerful than anything I could have imagined back in 2010.”
To find out more about the 50% discount on shared and VPS hosting servers, and other promotions and services please visit: NextPointHost Website
NBNextPointHost ranks No.1 in our Top 5 Forex VPS Providers. See our VPS Table: Top 5 Forex VPS Proiders
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CFTC Launches Online Tool That Helps Investors To Check The Registration, License, & Disciplinary History Of Certain Financial Professionals. The US Commodity Futures Trading Commission (CFTC) recently launched a SmartCheck tool that allows investors to verify the credentials of investment professionals, uncover any past disciplinary history, and stay ahead of scam artists with news and alerts. The investigative tool exposes Six (6) key information which reveals the true background of a registered financial professional or institution.KEY DETAILS/FEATURES- Background Affiliation Status Information Center (BASIC): Find out if your financial professional is registered or has a history with the CFTC or NFA.
- Broker Check: See whether your broker is registered or has a history with FINRA or the SEC.
- CFTC Disciplinary History: Displays a repository of the agency’s active investigations, and past violations. See if your broker has a displinary action filed with CFTC.
- The Securities and Exchange Commission Investment Advisor Public Disclosure (IAPD): Simply displays active registration of an investment adviser by reviewing the information available following the "Registration Status" hyperlink on IAPD.
- Internet Search: Search for public disciplinary records or even public commentary and reviews about financial professionals.
- Sundry Resources: Information on The Securities and Exchange Commission EDGAR Database, National Association of Insurance Commissioners, North American Securities Administrators Association, National Association of State Boards of Accountancy, FINRA Professional Designation Lookup, & Municipal Securities Rulemaking Board Education Center
For more information visit CFTC SmartCheck Website
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HotForex Launches Social Traders Network |
MetaQuotes Launches Renting of Robots & Market Products on MQL Market Place MetaQuotes the developers of MetaTrader 4 & MetaTrader 5 has innovated a scheme, which enables RENTING of EAs, & Forex Products from the MQL Community. This innovation according to MetaQuotes allows members not only to buy MetaTrader Market applications but also rent them. According to the developers, "Renting a product is clearly much cheaper than purchasing a full license". Part of the objectives of this scheme is to build trader's confidence about a product before buying it. This action might gradually eradicate demo versions as a product can be rented for a certain period of time to make sure that it is really what you need - much like the same objective for a demo version with limited features.Developers of Forex systems have a lot to benefit through this scheme as more clients would be attracted to cheaper prices with contractual duration. MT4 ISSUES & LIVE UPDATE SOLUTIONCurrently this scheme does not work for MT4 build 765 and below. However it works perfectly for MT4 latest build 777 upwards but unfortunately the new build is not available through live update on MT4 platform. To perform an alternative live update to build 777 or 778 follow the steps below:- In MT4, go to open a new account in the file menu. When it brings up a list of servers, click to add a new server and just type in metaquotes. It will then scan and find the metaquotes demo server.
- Open a new demo account and log in.
- Check the journal tab for a message "Live Update Available" The platform begins the update at the background. You will not get any message informing you that the update is complete. But 10 to 20 minutes should be more than enough for the update to be completed depending on your connection speed.
- Restart the platform.
- When the platform restarts, it will automatically shut down for some seconds to complete the update and then come up by itself.
- To confirm if the update was completed successfully, go to Help, and click About. You should see the new version build.
- You can login back to your former trading account after this process.
For more information visit MetaQuotes Website: Rent Market Products And Save Your Money
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FOREX INSIDER Forex21 Releases New FREE Institutional Tool That Displays Live Trading Positions Of Other Traders, Trading Data From MyFXBookAPI, Real Traded Volume Of Currencies, e.t.c.... Forex21 announced the release of a high end FREE institutional trading tool that allows ordinary retail traders to see positions of other traders, which will help to guide their trading decisions. According to the designers of this wonderful utility, only institutional traders had access to such data which gave them a serious advantage over retail traders because of obvious reasons. With Forex Insider, traders can now know what other traders are doing which makes it easy to beat them on the Forex battlefield.Features:- Live Data from MyFXBook API
- Information on more than 70 Forex Symbols
- Shows real traded volumes in the market
- Data displayed on the chart comes from Community Outlook section and is based on up to 100 000 live trading positions and includes the following information:
- Short vs. Long - Positions Ratio in Percent
- Short vs. Long - Positions Volume
- Short vs. Long - Number of Positions
- Average Short Price
- Average Long Price
- Average Long/Short Prices as Levels
- As the data is updated every 60 seconds, the information provided by Forex Insider gives you a unique insight of what other currency traders are doing. The result is a strategic advantage which allows the user to stay away from risky trades and pick trades with high win probability.
 | | Display on Forex Chart |
The information displayed on your chart is based on thousands of live trading operations, the tool gives you a deep and accurate insight of what other traders are doing.Price: FREE (Only available for a limited time!)
Download:Click Here: Forex Insider - The Best Forex Indicator |
Forex21 Releases New Version of ProFX 3.0Now ProFX3.0.6 Forex21 recently announced the release of the new version of ProFx 3.0. The buy/sell signal trading utility has made up to 513.20% since its initial launch in 2013   How It Works The semi-automated Forex trading system makes profitable trading as easy as only possible. It continuously analyzes technical and fundamental market conditions and provides you with precise entry and exit signals through audio, e-mail and SMS notifications whenever a new high probability setup has been detected. In summary it tells you when to BUY, SELL, where to Set SL and TP Orders, when to Exit your Trades, when and when Not to Trade, e.t.c. New Features:▪ Fixed bug in Multi Oscillator.
▪ Updated ProFx Swing Trading Template.
▪ Updated ProFx Intraday Trading Templates.
▪ Updated User Manual.
▪ Updated settings for WPR Indicator. ProFX allows up to Five (5) Trading accounts, free build updates, unconditional refund guarantee and special trade suggestions in user forums |
Swiss Central Bank Takes Off Cap On Franc Extreme Gaps on CHF Causes Net Breaking Losses  | | USDCHF 15th January, 2015 |
Shocking reports from the Swiss Central Bank's decision to stop the policy of capping the Swiss franc against the euro, sent the Swiss Franc to an unprecendented new level, which caused a wide gap on CHF pairs over 100ths of pips. The unexpected decision caused instant losses running into billions, and as well profits for some traders who probably had open sell positions in pairs like USDCHF.
According to Bloomberg.com, major dealers struggled to process orders amid a flood of customer calls, and trade requests, according to people with direct knowledge of the events. Some of these banks includes; Deutsche Bank AG (DBK), UBS Group AG (UBSG) and Goldman Sachs (GS) Group Inc.
The Swiss Franc grew 41% against the Euro and about 38% against the USD, but unfortunately most investors couldn't take advantage of this because quotes were frozen by brokers probably as a fail safe move thereby causing "No Liquidity" in most platforms.Most financial experts believes that a higher than expected number of traders were caught unawares in this frenzy move. Some brokers have already begun sending emails informing their clients of their decision to fill client orders and positions in other to fill the gap.It is likely that brokers with low holding capital might close up due to the huge losses that will be involved after they bridge the gap. Probably by next week we should be having a clear figure of this. |
 FXTradeCity Presents 20% Discount Special OfferFor ALL Quantina EA Products& £90.00 Off for Opening A HotForex Zero Spread Account Through FXTradeCityDue to the closure of the pre-sale price of Quantina EA News Trader Ultimate, FXTradeCity had to review the promo in the best interest of traders. The pre-sale price of £149 is no longer valid as the price has been adjusted to £190. GET £90.00 OFF BUY AT £100.00 However traders can get a better deal when they open a HotForex Account (preferably Zero Spread Account) and get a unique coupon to purchase the EA for £100.00. Follow the steps below for this option;- Open a HotForex Account through FXTradeCity by using this link: HotForex Zero Spread Account (Ideal for News Trading & Scalpers). Minimum opening deposit is $100
- Email us your HotForex ID.
- You will receive the unique Coupon Code to get the News Trader EA at £100.00
The 20% discount is still available for ANY Quantina products without opening a HotForex Account by using the unique Coupon Code: VIPxcOnyeBHOW QUANTINA EA WORKS The EA downloads the next news events from the Forex Factory's website. If something goes wrong or the Economic Calendar comes up late then the EA will contact Quantina's server, and compare the correct news events, so you will never going to miss any news events, especially the high impacts news. A few seconds before the scheduled news release, the EA selects the correct currency pair automatically and sets a buy stop and sell stop orders. When the news released hits one of them (buy or sell). EA will start to track it immediately, calculating with actual spread and slips (version 2015 v3.1 and above) and sets the Safety Net to the first profitable position (BreakEvenPips). You will earn at least that much profit even if the market suddenly turns back. However, if the market price moves forward in your favour, The EA will track it, and handle your opened position for the maximum profit. With spike trading method average trading time is about 2-3 minutes. Average profit is about 1 - 25 pips / trade.
(Average trading time 5-25 minutes, Average Profit 60pips/trade). Advanced traders can use all the possibile trading methods at the same time on the same account which is highly profitable. Beginners are advised to follow the video instructions to reach high profit by monthly basis.) FEATURES AND BENEFITS OF QUANTINA EA NEWS TRADER & OTHER PRODUCTS - Fully automated Forex robot. It downloads the Economic Calendars, which are filtered Automatically, choosing the best possibility currency pairs and trading automatically in the background to reduce internet usage. (no extra chart will be opened) No restart needed after weekends.
- Low Start-up Cost: Minimum capital up to $400 & above, and $300 below for mini account.
- Advanced straddling method.
- About 82-90% consistency to achieve success in Forex trading.
- Can trade on EVERY Currency Pair 24 hours from Monday to Friday simultaneously. One Running EA can open the necessary major currency pairs in the background to reduce internet usage, and reach better execution.
- Designed for ECN/STP accounts
- Varied Spread Tracking & Trail Before Break Even
- Automatic News Event Set
- Pending / Market Orders
- Max Spread Limit
- Next News Event Details
- Easy Installation and Set & many more......
Offer lasts from 10th January 2015 - 31st march 2015 Terms and conditions apply. |
Forex Manipulation More Bank Probe On The WayTwo (2) Major Banks on the Hit ListReports from financial sources (Bloomberg), on December 11, 2014 has it that two (2) major banks are on the radar of New York's Financial Regulators for alleged use of sophisticated algorithms in their trading platforms to manipulate Forex prices. According to Bloomberg's report the New York's Financial Services found likely evidence that Barclays Plc (BARC) and Deutsche Bank AG (DBK) may have used algorithms on their trading platforms to manipulate foreign-exchange rates, by using automated tools that goes beyond individuals colluding to rig currency benchmarks, and take advantage of less sophisticated clients.It is worthy to note that Deutsche Bank, and Barclays weren’t among the six firms that agreed to pay $4.3 billion to U.S., U.K. and Swiss authorities last month in the first settlements in the global probe. Currently monitoring systems have been installed in these banks as part of the investigations as stated by a spoke person of the Financial Investigating Authority. It is highly expected that another round of penalties or fines might be the lot of these banks if found wanting. |
HotForex FREE-For-All Holiday Tournament$8,500 Cash Prizes + Gifts (Apple iOS Device)Hotforex kicks off the holiday season with a FREE-For-All Demo Contest commencing 12th January, 2015. The top 10 lucky winners would receive cash prizes ranging from $200.00 to $2,500.00, while the first 3 winners would also receive Apple iOS device. The 12 times industry award winner (HotForex) also stated that participants would be allowed to use EAs for the contest. Registration for the contest starts 1st December 2014 - 11th January 2015 For more information on the breakdown of prizes, contest rules, and registration click here. OTHER BONUS, SPECIALS, & PROMOTIONS FROM HOTFOREXSee details of some of these bonus on this page below |
FXScam....Banks At It Again!!!CFTC Orders Five Banks to Pay over $1.4 Billion in Penalties for Attempted Manipulation of Foreign Exchange Benchmark Rates. Total Penalties Since June 2012 up to $3.4 Billion  A shocking, and bizarre news came out officially from the Forex watchdog - CFTC on November 12, 2014 stating penalties imposed on Five (5) notable Banks for attempted manipulation of foreign exchange benchmark rates. The shocking side of the story is the calibre of bank's involved - Citibank, RBS, JPMorgan, UBS & HSBC. The statement alleged that the heinous breach, which was carried out with other private banks through a private chatting platform was aimed at manipulating the World Markets/Reuters Closing Spot Rates (WM/R Rates), which is the most widely referenced FX benchmark rates in the United States, and globally.
See details of the official press statement below:
"Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) issued five Orders filing and settling charges against Citibank N.A. (Citibank), HSBC Bank plc (HSBC), JPMorgan Chase Bank N.A. (JPMorgan), The Royal Bank of Scotland plc (RBS) and UBS AG (UBS) (collectively, the Banks) for attempted manipulation of, and for aiding and abetting other banks’ attempts to manipulate, global foreign exchange (FX) benchmark rates to benefit the positions of certain traders.
The Orders collectively impose over $1.4 billion in civil monetary penalties, specifically: $310 million each for Citibank and JPMorgan, $290 million each for RBS and UBS, and $275 million for HSBC.
The Orders also require the Banks to cease and desist from further violations, and take specified steps to implement and strengthen their internal controls and procedures, including the supervision of their FX traders, to ensure the integrity of their participation in the fixing of foreign exchange benchmark rates and internal and external communications by traders. The relevant period of conduct varies across the Banks, with conduct commencing for certain banks in 2009, and for each bank, continuing into 2012.
Aitan Goelman, the CFTC’s Director of Enforcement, stated: “The setting of a benchmark rate is not simply another opportunity for banks to earn a profit. Countless individuals and companies around the world rely on these rates to settle financial contracts, and this reliance is premised on faith in the fundamental integrity of these benchmarks. The market only works if people have confidence that the process of setting these benchmarks is fair, not corrupted by manipulation by some of the biggest banks in the world.”
According to the Orders, one of the primary benchmarks that the FX traders attempted to manipulate was the World Markets/Reuters Closing Spot Rates (WM/R Rates). The WM/R Rates, the most widely referenced FX benchmark rates in the United States and globally, are used to establish the relative values of different currencies, which reflect the rates at which one currency is exchanged for another currency. FX benchmark rates, such as the WM/R Rates, are used for pricing of cross-currency swaps, foreign exchange swaps, spot transactions, forwards, options, futures and other financial derivative instruments. The most actively traded currency pairs are the Euro/U.S. Dollar, U.S. Dollar/Japanese Yen, and British Pound Sterling/U.S. Dollar. Accordingly, the integrity of the WM/R Rates and other FX benchmarks is critical to the integrity of the markets in the United States and around the world.
The Orders find that certain FX traders at the Banks coordinated their trading with traders at other banks in their attempts to manipulate the FX benchmark rates, including the 4 p.m. WM/R fix. FX traders at the Banks used private chat rooms to communicate and plan their attempts to manipulate the FX benchmark rates. In these chat rooms, FX traders at the Banks disclosed confidential customer order information and trading positions, altered trading positions to accommodate the interests of the collective group, and agreed on trading strategies as part of an effort by the group to attempt to manipulate certain FX benchmark rates. These chat rooms were sometimes exclusive and invitation only. (Examples of the coordinating chats are attached under Related Links.)
The Orders also find that the Banks failed to adequately assess the risks associated with their FX traders participating in the fixing of certain FX benchmark rates and lacked adequate internal controls in order to prevent improper communications by traders. In addition, the Banks lacked sufficient policies, procedures and training specifically governing participation in trading around the FX benchmarks rates; and had inadequate policies pertaining to, or sufficient oversight of, their FX traders’ use of chat rooms or other electronic messaging.
According to the Orders, some of this conduct occurred during the same period that the Banks were on notice that the CFTC and other regulators were investigating attempts by certain banks to manipulate the London Interbank Offered Rate (LIBOR) and other interest rate benchmarks. The Commission has taken enforcement action against UBS and RBS (among other banks and inter-dealer brokers) in connection with LIBOR and other interest rate benchmarks. (See information below.)
The Orders recognize the significant cooperation of Citibank, HSBC, JPMorgan, RBS, and UBS with the CFTC during the investigation of this matter. In the UBS Order, the CFTC also recognizes that UBS was the first bank to report this misconduct to the CFTC.
In related matters, the United Kingdom Financial Conduct Authority (FCA) issued Final Notices regarding enforcement actions against the Banks and imposing collectively penalties of £1,114,918,000 (approximately $1.7 billion), and the Swiss Financial Market Supervisory Authority (FINMA) has issued an order resolving proceedings against and requiring disgorgement from UBS AG.
The CFTC thanks and acknowledges the invaluable assistance of the U.S. Department of Justice, the Federal Bureau of Investigation, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Reserve Bank of New York, the FCA, and FINMA.
CFTC Division of Enforcement staff members responsible for these cases are Robert Howell, Jonathan Huth, Traci Rodriguez, Jennifer Smiley, David Terrell, Melissa Glasbrenner, Heather Johnson, Jordon Grimm, Elizabeth Streit, and Gretchen L. Lowe.
* * * * * With these Orders, since June 2012, the CFTC has imposed penalties of over $3.34 billion on entities relating to acts of attempted manipulation, completed manipulation, and/or false reporting with respect to global benchmarks. See In re Lloyds’ Banking Group, PLC , CFTC Docket No. 14-18 (July 28, 2014)($105 million)(CFTC Press Release 6966-14); (In re RP Martin Holdings Limited and Martin Brokers (UK) Ltd., CFTC Docket No. 14-16 (May 15, 2014) ($1.2 Million penalty) (CFTC Press Release 6930-14); In re Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank), CFTC Docket No. 14-02, (October 29, 2013) ($475 Million penalty) (CFTC Press Release 6752-13); In re ICAP Europe Limited, CFTC Docket No. 13-38 (September 25, 2013) ($65 Million penalty) (CFTC Press Release 6708-13); In re The Royal Bank of Scotland plc and RBS Securities Japan Limited, CFTC Docket No. 13-14 (February 6, 2013) ($325 Million penalty) (CFTC Press Release 6510-13); In re UBS AG and UBS Securities Japan Co., Ltd., CFTC Docket No. 13-09) (December 19, 2012) ($700 Million penalty) (CFTC Press Release 6472-12); In re Barclays PLC, Barclays Bank PLC, and Barclays Capital Inc., CFTC Docket No. 12-25 (June 27, 2012) ($200 million penalty) (CFTC Press Release 6289-12). In these actions, the CFTC ordered each institution to undertake specific steps to ensure the integrity and reliability of the benchmark interest rates.
Media Contact
Dennis Holden |
HotForex Launches 0.0 Spread Account Barely a month ago HotForex launched mouth watering bonuses, which saw new clients getting FREE $30 credit in their accounts without any deposit obligations and many other bonus. Click here to see more:HotForex once again set a shocker recently by introducing a Zero Spread Account, targeting major currency pairs like the EURUSD and many others. Here's the e-mail statement from HotForex:"Dear Client, In the recent HotForex Survey, we asked you to tell us what you wanted us to do next. You asked and we delivered! HotForex now offers you the best spreads in the market with EURUSD starting at 0.0 PIPS! Start trading Forex with Raw Spreads from 0.0 Pips and Zero Markups with the new HotForex Zero Spread Account!
How It Works With a HotForex Zero Spread Account, you know that because there are no hidden charges or fees, you will get the most competitive Forex spreads on the market - HotForex receives prices from a pool of leading liquidity providers.
- We pass those prices directly to you, our Client, without adding any markup.
- The HotForex Zero Spread Account offers a transparent commission structure with rates as low as USD 0.04 per 0.01 lots, so all you will pay is a small, fixed commission on each side of your trades.
Advantages of the HotForex Zero Account The HotForex Zero Spread Account offers a low minimum deposit amount of just USD 100, putting deep, institutional-grade liquidity within the reach of all traders! The account features: - No hidden markups
- Raw spreads from 0 pips
- Transparent, low-cost trading
- Trade on Interbank Spreads
- Competitive commission structure
- Minimum opening deposit USD 100
- Unlimited trade size
- Personal Account Manager
- Complimentary MYFX Platform for deposits over USD 2000
- Ideal for scalping, high-volume and automated trading"
To learn more about the features, and benefits of this offer click here then go to account types, and select Zero Spread Account
Open A HotForex Account Now |
 OFFER OF THE CENTURYHotForex Launches Spectacular Bonuses in October 2014HotForex recently announced the launching of mouth watering bonuses to start in the month of October, 2014. The world acclaimed broker added that the new bonus would allow traders to increase their leverage, earn rebates or protect their accounts from drawdown. To the best of our knowledge all other existing bonus is still in operation.
OFFERS IN THE BONUS:
100% Super Charge BonusTraders get to increase their leverage with a 100% Credit Bonus that can be applied to EVERY deposit of $200 to $250 or more. The maximum cumulative bonus that a trader can earn is a massive $50,000. This also includes daily CASH rebates to be earned through the trader's trading activity!*$30 No Deposit Bonus
HotForex is offering a free $30 credit to new clients who want to experience trading in a real environment before investing their own funds. There is absolutely no obligation to deposit funds and profits can be withdrawn once the volume requirement has been met.* This simply means open an account and get it funded for FREE with $30.
Please note that terms and conditions apply*.Open A HotForex Account Now |
HotForex Launches New WebTrader Trading Platform HotForex recently annoucned the launching of the renewed and improved version of one of their prolific web trading platform - WebTrader.
The platform which is highly customizable to trading environment comes with latest update that brings improved responsiveness and even better performance as stated by the developers. The WebTrader interface has been automatically updated, so existing users only need to login to get access to the new features (Note: If you have any issues viewing the new version, simply clear your cache). New Features: - NEW - Close all: Efficiently Close All open positions by simply clicking one button.
- NEW - Redesigned User Interface: More user friendly design to allow you to easily perform your Trade Operations
The update builds on WebTrader’s existing line-up of benefits: - Instant access – all you need is an internet connection.
- No download necessary
- Use your MT4 account login details
- Ability to open a position in WebTrader and close the same position on the MT4 platform
- Enhanced charting functionality
- User-friendly interface
- Login to WebTrader using your HotForex MT4 credentials.
Open A HotForex Account Now:
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FOREX CLOUD SERVERS CANDLE FOREX VPS PROVIDER POST INDEPENDENCE SPECIAL DISCOUNT & BONUS
Candle Forex is offering a special discount on its Server Services between 7th and 14th July 2014. All clients that places an order for any cloud server package will get 20% off every month for the remainder of 2014.
To get this 20% discount simply enter AMORPATRIAE at the check-out.
For those that are interested or remember their Latin "AMOR PATRIAE" means "love of one's country".
Existing clients who already have a cloud server with Candle Forex can also get discounts too.
Special Bonus
Statement from Candle Forex..... "The biggest 10 orders for any service or product before 14th July will qualify for a 1 Troy oz 999 fine silver bar at *no* cost to you. This bar will either be a highly-vaued 1983 Sharps and Pixley (with the original 1983 receipt) or a similar highly valued and collectable silver bar dated between 1971 and 1983.
There are only 10 rare bars available. Most of these silver bars are unavailable anywhere else to buy because the mint has closed or were a limited circulation. These silver bars, if your ever able to find them, usually retail for about $80 each!
Celebrate a "precious" 238 years of Independence!
Just remember to let us know where to ship your bullion, and yes we will pay for the shipping too!" |
MQL SIGNAL SERVICES HOTFOREX LAUNCHES MQL SIGNAL SERVICES ON MT4
HotForex has announced the launching of the prestigious MQL Signal Services Tab on its platform.Currently they are about 3,970 signals available for subscription in MQL Signal Services (See The Top 7 MT4 MQL's Signal Providers). There are very few Brokers who support the MQL Signal Services. This new innovation by HotForex would allow traders to subscribe to any of the signal services provider of their choice, and get automated placement of trades to their platforms seamlessly. Brief on Hotforex HotForex is an award winning, fully regulated and licensed online Forex and commodities broker. Offers various accounts, trading software and trading tools to trade Forex and Commodities for individuals, fund managers and institutional customers. Retail, IB and White Label Clients have the opportunity to access interbank spreads and liquidity via state of the art automated trading platforms. Headquartered in Mauritius and supported by their worldwide Customer Management Centre's, HotForex offers its clients an unparalleled trading experience with excellent multilingual support in an effort to provide its clients with every advantage possible in order to facilitate their trading activities.HF Markets Limited, has a Category 1 Global Business License issued by the Financial Services Commission (FSC) of the Republic of Mauritius under the name of HF Markets Limited Company No.: 094286/GBL; Category 1 Global Business № C110008214 License. See more...
Benefits of HotForex Earn twice when you, and your clients trade. Join the HotForex Affiliate Program and get up to $15 per lot commissions.Live & Demo Contests with amazing cash prizes....Variable bonus offers.... Tight Spreads... A smarter, safer and transparent PAMM System. and many more.... |
The much awaited Forexpeacearmy's 2013 Forex Broker Scam of the year was released on Friday 18th April, 2014. The FPA has a reputation for unbiased benchmark and review of Forex products and services. The yearly contest was designed to serve as a deterrent to deceitful brokers, ensure fair-play, and to keep traders informed. Here are the top 4 worst brokers in 2013:Rank No 4: (HFX.com)Apart from failing to pay their client (traders) debts, this broker was known for posting fake reviews about their services, and wiping off their client accounts after assuring to place profitable trades and many more.... Rank No 3: (Forexoma.com)The once Forex education, signal provider, and trading systems site owned by Vahid Chaychi were accused of taking away their client funds. At a particular time their website went down and the complaints for withdrawal issues among others increased. In no distant time their MT4 server went down and the complaints skyrocketed. Read more... Rank No 2: (Liteforex.com)This broker cleverly used their terms of service to limit their clients from making legitimate profits in their trades especially with news trading. This gave them arbitrary power to impound client funds for no legitimate reasons. Rank No 1: (4XP.com)
4XP picked the worst of the worst broker in 2013. For the complete story of the 2013 Forex Broker Scam of the Year please click here Do you think you have been scammed? Submit your complaint with the FPA or contact us to assist you. |
Report on Monday 31st March, has it that the following banks: Royal Bank of Scotland, Credit Suisse, Zuercher Kantonalbank (ZKB), Barclays Bank, Citigroup, JP Morgan, UBS, and Julius Baer are on the radar of the Swiss Competition Authority probe panel for alleged collusion to manipulate exchange rates in foreign currency trades.
A crucial part of the watchdog’s examinations are to ascertain whether traders from different banks teamed up to induce currency prices, and whether they traded ahead of their own customers or failed to accurately represent to customers how they were determining the prices.
A statement credited to the Switzerland's Competition Commission WEKO, on Monday states that it had opened an investigation into the Swiss, British and U.S. banks over potential conspiracy to manipulate foreign exchange rates of which the most important exchange rates were affected. A similar preliminary investigation last October was opened by the Swiss Competition Authority after gathering facts about potential manipulation of foreign exchange markets by banks.
Previous investigations of this sort by international investigating agencies had led to huge fines to errant banks. Also last week, UBS suspended several currency traders, pending international investigations into allegations of collusion and market rigging.
In reaction to these allegations, some of the banks penciled in the statement were shocked at WEKO's action because they were not given advance notice prior to the release of these allegations to the public.
Julius Baer said an internal investigation had found no evidence of foreign exchange market abuse behavior. Credit Suisse in their reaction found the allegation as “astonishing” and further stated that WEKO's press release contained inappropriate references to Credit Suisse AG and that the claims were "inappropriate and harmful" to its reputation.
Meanwhile UBS, JP Morgan, RBS and Citigroup have not made any public statement on WEKO’s action as at the time of the release.
According to reports from Reuters, the Swiss Competition Authority would conduct the investigation by themselves without the interference or assistance of foreign authorities due to legal reasons.
If these banks are found culpable then they would like face fines up to 10% of their turnover generated in the relevant market in Switzerland over the last three years.
A major concern for Forex traders is that these banks are the custodians of client funds for major Forex brokers. Therefore a lot could be at stake for the banks and other institutions like the Forex Brokers with regards to client confidence on the Broker's Bank integrity. |
The developers of StrategyQuant has upgraded their computer generated strategy platform to 3.5. The new release was announced on their website on 21st Feb, 2014.A key feature of this release is its cross compatibility to generate trading strategies for the NinjaTrader Platform. See excerpts of the new features in version 3.5:- Support for Ninja Trading Platform.
- An optional functionality to divide the history data to three parts - training, validation, and out of sample. This enables better control of the evolution analysis.
- Improved the Walk-Forward optimization speed.
- Walk-Forward success criteria is now fully dynamic.
- Speed enhancements on virtually all areas of the program. Backtest now run much faster at speeds 2x - 5x.
- Added new indicators like Pivots, and a new conditional operator that checks if price closes above/below a given value.
- Fixed compatibility issues with MT4 Build 600 and 604 (NB: MT4 Build 610 was probably released after V3.5)
Fixed bugs and errors in data import, strategy loading, testing, displaying results, etc.
Promo Offer  To celebrate the new release, StrategyQuant is offering a special 30% discount off the regular price! Offer expires 11:59:59 pm PST on Monday February 3rd, 2014.Also see StrategyQuant's Tick Data Downloader new version 2.0
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 MetaQuotes has upgraded its previous MT4 Client Terminal Build 600 to Build 610. This upgrade, which ultimately seeks to fix certain bugs came out barely 2 weeks after the release of Build 600. The first release has been welcomed with diverse tales from traders, which most of them prefered the traditional MT4 Build 509.
According to Metaquotes, the new Build 610 has resolved the following issues:- Errors sending emails from MQL4 applications.
- writing string arrays to a binary file.
- The maximum length of the field in trailing stop placement has been increased, as well as in Stop Loss, and Take Profit modification dialogs.
- Improvement on the initial synchronization with a trading signal for signal services.
- Improved control over the time input parameter when calling CopyRates function.
- Improved operation of CharArrayToString and StringToCharArray functions when working with strings containing logographs (Japanese and Chinese languages).
Fixed errors reported on the forum and in crash logs.
See: Difference Between MT4 and MT5 Before New Build 600 & 610 | | Top News Trading EA |
We've been carefully following user experience reviews, and we can clearly say that lots of traders are yet to come to terms with the new build especially in the programming and testing area. Interested traders who wishes to upgrade to the new build should carefully follow the current developments, and user review before upgrading to the new Build 610.
 Our question still remains the same: Is this a clever phasing away of the traditional MT4? Have you installed the new version? Please share your experience with everyone. Leave your comments in the article on MT4 vs MT5Further Reading: - MetaTrader 4 Build 610 - Metaquotes Description
- MetaTrader 4 Build 600 - MetaQuotes Description
- Top 7 MT4 Forex Signal Providers
- 10 Difference Between MT4 & MT5 Before New Build 600
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MetaQuotes has upgraded its previous MT4 Build 509 to Build 600, which is close to an exact replica of MetaTrader 5.MT4 Build 600, which was officially released on 3rd February, 2014 comes with massive changes that seemsto be a deliberate transition from MT4 to MT5. Traders who downloaded the new build have witnessed strange changes in the new build especially with regards to EAs, File Structure, and Development of EAs/Indicators. The new build somewhat closes the gap between MT4 and MT5, thereby making it quite difficult to differentiate.
See: Difference Between MT4 and MT5 Before New Build 600Although MetaQuotes has assured that the key elements of MT4 Build 509 would not be affected in the new build. But only time would tell. Please see the following new features and likely uncertainties before you upgrade or download the new build.New Features (Build 600):- Store of trading applications has been added. This includes about 200 EAs, Indicators & other products that can be downloaded right from the platform
- MetaTrader Market which was only found in MT5 is now included in the new build.
- A unified Meta Editor Development has been created for development of EAs on MT4/5 along side with a unified compiler that automatically supports both MQL4 and MQL5 languages.
- EX4 codes are compatible with the new build. No need to recompile them. However some EA developers are on the edge on this.
- Trade request algorithm changed in order to enable effective handling of large number of trade requests. This is achieved by an additional network connection, which has been created into the new build unlike the previous builds.
- Global search has been added as well as in MQL4.com
- A new command to instantly order for MQL Applications from programmers in the job section has been added.
- Improved the Alert Tab. Alerts can now be displayed on charts along with several added features.
- Seconds timing added to improve records of opening and closing trade times. E.g 2014.02.08 10:34:45
- Added automatic update of the client terminal built-in user guide files similar to that in MT5.
- Added the ability to register for MQL5 Community Account right from the platform without going to MQL5.com
- New graphical objects like Rectangle Label, Bitmap, Button, Bitmap Label, e.t.c. has been added.
- More countries has been added in the Open Demo Account Section.
- Signal Services Improvement - option for unconditional synchronization of positions between a signal source and a subscriber's account has been added.
- Lots of fixes.....
 USD Drive EA: 13 Months Live Trading Gain 63.485%,7413 pips plus on MyFXBook.com.
Uncertainties:- MT4's primitive language (MQL 4) has been extensively extended to MT5's programming language (C++). However MetaQuotes stated the following concerning this;
"The changes have mostly affected MQL4 language of trading strategies, which has been seriously expanded, and its functionality has been brought closer to that of MQL5. However, there is no need to worry about the operability of the previously developed trading robots and indicators, as the runtime environment copy of the previous MQL4 version is used to maintain compatibility. Thus, old EX4 files work correctly and exactly the same way as before. - http://www.metaquotes.net/en/metatrader4/news/4103"
- Usual file structure has changed. This will likely affect programming syntax for some old EAs with relative paths in their codes. Although MetaQuotes has stated that the upgrade process would automatically relocate previous files (MQH, MQL, EX4) to the new file structure without any issues. However here's a caution on this as stated on MetaQuotes Website;
"In some cases, you may need to edit the path in #property include for included files (if relative paths have changed) in the source files. Please note that MetaEditor's root directory is now \MQL4\. All programs should be located in the correct subdirectories. - http://forum.mql4.com/60075"
- There are lots of changes in MQL4 Language in the new build.
- Previous EX4 applications and DLLs based on old RateInfo format will not work in the new build 600. Conversion to the new format is required.
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Over 57 new features inclusive of fixes in the new build 600 clearly shows a determined and stylish transition of MT4 to MT5 by its makers. Previously traders had the choice of choosing between MT4, and MT5. But its not the same again.So before you upgrade or download the new build 600 please get a copy of the documentation, and read it carefully. Although an automatic upgrade of your terminal to build 600 by your broker could take place without your consent. Therefore i advise everyone to adapt to the new changes.
The big question is: What exactly is MetaQuotes up to in the near future concerning MT4? Have you installed the new version? Please share your experience with everyone. Leave your comments in the article on MT4 vs MT5Further Reading: - MetaTrader 4 Build 600 - MetaQuotes Description
- Top 7 MT4 Forex Signal Providers
- 10 Difference Between MT4 & MT5 Before New Build 600
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CySEC Re-emphasizes Ban On Frivolous Bonus Issued By Investment Security Firms Tied To Clients Trading
(Forex, CFDs, Futures, Options, Stocks, e.t.c) The Cyprus Securities and Exchange Commission (CySEC) issued a strong announcement on January 22nd 2014 to all Investment Firms based in Cyprus about the ban on offering bonus to clients with imposed conditions that restricts them their rights to withdrawal of their capital, profits, and bonus.The four (4) point regulatory policies in the statement signed by the Chairwoman of the Commission - Demetra Kalogerou, are to be adhered by all Investment Firms in Cyprus forthwith.The regulatory policy seeks the following control measures:- CySEC would only permit bonuses given to clients by investment firms provided the client is able to withdraw any amount of his/her funds at any time he/she desires to do so. It is understood that in most cases, clients deposit a certain amount of money with the CIF regulated broker, which is a requirement for the bonus.
However the above was not previously being adhered to by most brokers especially options brokerages who demands clients to generate a certain amount of trading activity before he/she can have access to his/her funds.
- Any restrictions on withdrawals in such manner currently being practiced by these brokers offering bonuses of this sort violates the Investment Services and Regulated Markets Law. In otherwords CySEC prohibits the action by brokers demanding their clients to generate trading activities to reach a certain amount of volume before they can be granted access to withdraw their funds.
- The third point states that these acts by brokers as mentioned in (1) and (2) above negates the underlying rules in Section 18(2)(j) of the, Law which states that a CIF, when holding funds belonging to clients must take every possible measure to safeguard clients’ rights. Also Section 36(1) of the Law, which states that CIFs must act honestly, fairly and professionally when providing investment services to their clients.
- Finally the Commission ended their statement by stating that all CIFs that grants monetary benefits (bonus) must give the true picture including and all information about the scheme when it is being advertised, terms and conditions, be able to separate the client's funds from the bonus (or benefits), and ensure a continuous monitoring of the scheme to make sure client's capital are not affected because of the scheme.
CySEC Statement: Granting Trading Benefits To ClientsSource: Leap Rate - CySEC Bans Bonuses Tied To TradingEditor's NoteThis is a welcome development by CySEC to reduce all forms of bonus that finally wrecks unsuspecting traders. I suggest all other regulatory bodies copy such action and adopt it.
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Forex News Trading is very lucrative if not one of the most lucrative aspects of Forex trading if you have the requisite skills, tools and knowledge. I know a friend who only trades the US NFP, and makes a decent living out of it. Based from my experience just one good trade on a news event can be worth more than many trades taken through technical methods
absolutely tell how far price would go after a news release. We've seen cases where the reaction of an event came out so strong that price went as fas as hundredths of pips, and in some cases very huge gaps in split seconds. An example was the Swiss Franc Capping Episode last year, which sent many brokers & financial institutions bankrupt. At the same time some events can come with mixed reactions though the deviations are met but the market reacts very dull and so take profits are not met. The principle here is set your Take Profit as far as possible while using trailing stops or trade management software to manage the profit all the way.
