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US Forex Brokers – Ikon GM out, Tradestation Forex in
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. IG Markets is out as well. 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 they’ll be pushing their new forex offering aggressively. It’s hard for me currently to see TradeStation ... (full story)