Forex Broker News for March 2014

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

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.

HotForex Unveils a New, User-Friendly Website Design

Monday 10th of March 2014

HotForex is pleased to announce the launch of a brand new, intuitive website design, developed with the needs of traders in mind. As always, they are committed to providing you with the best possible trading environment and their new optimized website is just one in a long line of recent upgrades and enhancements to the HotForex trading experience.

Click here to explore the new website.

New Daylight Savings Time (DST) Trading Times from Sunday 9 March

Saturday 8th of March 2014

HotForex would like to inform you that on Sunday March 9th, the United States and Canada will move to Daylight Savings Time. As a result, when the markets reopen on Sunday, there will be some changes to trading times.

Trading will start on Sunday at 21:00 GMT and market close will shift, temporarily, to Friday, 21:00 GMT. Normal market hours will resume on March 30th when European Daylight Savings come into to effect.

Please see the table of the temporary trading hours.

For clients running EAs, please ensure that you make the necessary adjustments to reflect the changes.

Server Time Change

Friday 7th of March 2014

Please be advised that Daylight Savings Time begins in the USA on the 9th of March 2014. Therefore, the GMT offset of the FXCC MetaTrader4 Server will be changed accordingly, to GMT+3.

This may require you to adjust your Expert Advisors or Indicators to the new time zone.

Should you require any further information, please do not hesitate to contact our support team using the Live Chat, by email to support@fxcc.com or by phone on +357 25 025001.

Important update on FinFX Trading Hours from 9 March to 28 March 2014

Friday 7th of March 2014

FinFX would like to inform their clients that due to the Daylight Saving Time (DST) change in the US, Canada and other countries this weekend, your trading hours might be temporarily affected until Europe enters the Daylight Saving Time on Sunday, 30 March 2014.

Forex

On the following three Sundays the opening time will be one hour earlier at 21:00 GMT MetaTrader server time (equivalent to 5 PM EDT) on all FinFX Trading Accounts:

9 March 2014
16 March 2014
23 March 2014

In addition on the following three Fridays the closing time will be at 21:00 GMT MetaTrader server time (equivalent to 5 PM EDT) on all FinFX Trading Accounts:

14 March 2014
21 March 2014
28 March 2014


Precious metals

The following session times will be affected during the three-week period starting during the night from 9 March and ending 28 March 2014:

Trading hours will return to normal from Sunday 30th when Europe enters the Daylight Saving Time.