Journal of Stock & Forex Trading
The objective of the FXCG is to discuss developments in FX markets and share ideas and experiences on the structure and the functioning of the FX markets. The FXCG is composed of representatives of the ECB as well as financial and other institutions with a prominent role in the area of foreign exchange.
The composition of the group is reviewed at the end of the calendar year. Foreign exchange market participants are welcome to express their interest in joining the Contact Group by submitting the application form and relevant documentation to the FXCG Secretariat at the latest by end October.
To further enhance the diversity of our contact group, we particularly encourage institutions to nominate female representatives. Representatives from the euro area national central banks, who have the status of observer, may follow the discussions in the group.
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See what has changed in our privacy policy. Search Options. Iles entered an Emergency Cease and Desist Order to stop an aggressive online forex scheme from defrauding the public. The order found Ameral and TradeGo Forex Exchange have published more than advertisements in craigslist, a popular online marketplace. The advertisements allegedly target residents of Dallas and Houston, as well as residents of other cities located throughout the United States.
IG Bank S.A. and IG Prime.
The order alleges the parties are engaging in a scheme to gain control of investor principal. For example, the parties are directing potential investors to provide credentials for trading accounts and to deposit principal in bank accounts — but the bank accounts are not controlled by a trading company, and instead allegedly personally owned by Ameral and Newbern.
The order found parties are commingling deposits in the accounts with funds from various sources and not using monies in the accounts for expenses associated with forex trading. The parties also claim to be experienced forex traders, but they are not registered with the Commodity Futures Trading Commission or the National Futures Association.