Foreign exchange broker

Foreign exchange broker

Intermediaries in the foreign exchange market that do not put their own money at risk.

Foreign Exchange Broker

A broker who operates predominantly or exclusively in currency markets. That is, a foreign exchange broker fills orders to buy and sell currencies in exchange for a commission.
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Investigators determined the money was sold on the black market to a foreign exchange broker who transferred the funds to three casinos.
The New York Fed became suspicious and denied 30 of the requests, but not before the release of $81 million to a foreign exchange broker.
The money, which was allegedly hacked from a Bangladeshi bank, was deposited in local banks then sold to a foreign exchange broker and used to buy gambling chips in three local casinos.
Lukman Otunuga, research analyst at foreign exchange broker FXTM, said: "This latest development has provided yet another reason for the Bank of England to push back interest rate expectations.
Established in 2005, FC Exchange is one of the UK's leading specialist foreign exchange broker and international payment solutions providers, offering a wide range of products and services for both individuals and businesses.
Homeland Security has accused Malik and Karam Abdel-Wahab, the owner of foreign exchange broker, of harming the Egyptian economy through collecting foreign currencies and smuggling them out of the country.
Since its formation as the UK's first non-bank foreign exchange broker in 1996, Currencies Direct has evolved from being an innovative service provider of foreign exchange for consumers and high net worth individuals into a dynamic and pioneering business-to-business fully integrated treasury solution service provider.
There is a comparable recent example when former West Ham United sponsor, the online foreign exchange broker Alpari, crashed recently.
The move caught markets off guard, being so surprising that it has already caused irreparably damage to certain participants, such as UK foreign exchange broker Alpari, which stated Friday that it has been forced to shut down its UK arm.
The move also undid foreign exchange broker FXCM, since the volatile currency move caused $225 million in losses from clients positioned in the crowded euro trade.
ASIC has warned consumers to be wary of a fake website promoting foreign exchange broker, First Forex.
Joshua Mahony, research analyst at foreign exchange broker Alpari, said any legislation drawn up now would probably only act as a temporary fix ahead of the January 1 deadline, before more permanent measures could be agreed.
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