Retail Forex Brokers: Ikon Global Markets Out, TradeStation Forex In - Forex Magnates

Retail Forex Brokers: Ikon Global Markets Out, TradeStation Forex In - Forex Magnates

  • Posted Tuesday, April 05, 2011 -
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US Forex Brokers Ikon GM out, Tradestation Forex in by Michael Greenberg at Forex Magnates And then there were thirteen Actually twelve as CMS Forex is phasing out. Ikon GM is out (since October 2010, Francesc thanks for the tip) and Tradestation formed a new entity Tradestation Forex which received an RFED status in January 2011. Tradestation, according to its own report, is pretty small in terms of forex accounts and while liquidating mostly through Gain Capital it brought only about $1.8 million in forex commission in 2010. They expect this to change late 2011 as theyll be pushing their new forex offering aggressively. Its hard for me currently to see TradeStation Forex conquering the US retail forex market as the market is already dominated by existing players and TradeStation will probably not offer MT4 at first but it is always nice seeing a more institutional old-fashioned type of a player entering this market. Yet another sign of maturity.

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