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.