Jump to content

Recommended Posts

That's right @TrendFollower,  FXCM never really recovered after being badly damaged by when the Swiss bank removed the dollar peg catching out brokers and traders alike. FXCM lost their US licence and needed a financial bail out but I noticed recently the company that provided the bail out are now themselves in financial trouble.

So IG has snapped up DailyFX (which was previously associated with FXCM) and are now slipping into FXCM's shoes. They were a relatively large US broker so the market is promising.  

Share this post


Link to post

@Caseynotes,

Ah I thought DailyFX was familiar but could not put my finger on it. Many years ago I used to use FXCM. I may still have an account with them.

It will be interesting to see the revenues generated from the US market and how much impact this can have on IG's overall turnover. 

Share this post


Link to post

Looking forward to the possibility of an IG  US share options platform then :)

Share this post


Link to post

I always found , being in the UK , that I could never open a trading account in the USA. I wonder if the rules have, or are changing ?

Share this post


Link to post
1 hour ago, Caseynotes said:

@TrendFollower,  not sure there would be any benefits for FX trading, @elle was interested in US stock options which are not currently available.

US FX $10/point min,  ave spread 0.9,  margin 2% for eurusd and 5% for gbpusd.

https://www.ig.com/us/forex-trading-costs

also given the relatively recent options view in spread betting on the other assets, it's not wholly unrealistic that shares opotions aren't on the cards somewhere

Share this post


Link to post

Interesting. Always wondered why they never target this space. I would go in with a full options offering as well! You go in stock twits etc and every American is talking about options and calls and puts etc. I think it’s necause of regs around otc companies like IG but if that’s the case why did fxcm do it? 

IG are near 30% smaller spreads! Wonder what that’ll do to their competitors over there... 

Edited by PandaFace

Share this post


Link to post

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • IG ISA Season

  • Member Statistics

    • Total Topics
      6,389
    • Total Posts
      28,409
    • Total Members
      37,291
    Newest Member
    LordEarlo
    Joined 21/03/19 08:02
  • Our picks

    • APAC brief - 21 Mar
      Market action proves it again: this market hinges on the Fed: The US Fed has proven itself as the most important game in town for traders. The FOMC met this morning, and lo-and-behold: the dovish Fed has proven more dovish than previously thought; the patient Fed has proven more patient that previously thought. Interest rates have remained on hold, but everyone knew that was to be the case today. It was about the dot-plots, the neutral-rate, the economic projections, and the balance sheet run-off. On all accounts, the Fed has downgraded their views on the outlook. And boy, have markets responded. The S&P500 has proven its major-sensitivity to FOMC policy and whipsawed alongside a fall in US Treasury yields, as traders price-in rate cuts from the Fed in the future.


      The US Dollar sends some asset classes into a tizz: The US Dollar has tumbled across the board consequently, pushing gold prices higher. The Australian Dollar, even for all its current unattractiveness, has burst higher, to be trading back toward the 0.7150 mark. Commodity prices, especially those of thriving industrial metals, have also rallied courtesy of the weaker greenback. Emerging market currencies are collectively stronger, too. This is all coming because traders are more-or-less betting that the Fed is at the end of its hiking cycle, and financial conditions will not be constricted by policy-maker intervention. Relatively cheap money will continue to flow, as yields remain depressed, and allow for the (sometimes wonton) risk-taking conditions that markets have grown used to in the past decade.
        • Great!
        • Like
      • 0 replies
×
×