A branch of FXCM Inc., company FXCM Asia, which is now completely owned by Rakuten Securities, has announced its planned rebranding process on Wednesday.
As the company informs in its announcement, FXCM Asia Limited is intended to be rebranded as Rakuten Securities Hong Kong Limited (Rakuten Securities HK) on April 21, 2016. This is only following the development of the company business Rakuten Securities, Inc. acquired FXCM Asia in September 2015.
Moreover, the company will present a brand new corporate image along with new logo and website (www.sec.rakuten.com.hk) on April 25, 2016. As the broker points out, there will be NO change to clients’ forex trades and trading account, and NO change to its office location and phone number.
You can read the official announcement here.
Alpari cuts currency pairs offer
Retail Forex broker Alpari Limited has announced some changes to its market offer, which is about to remove five currency pairs from the group of trading instruments.
These changes are about to affect the following currency pairs: AUD/SGD; CHF/SGD; HKD/JPY; SGD/JPY; USD/HKD.
All positions in the above-mentioned currency pairs will be moved to “Close Only” regime, effective March 21, 2016. The company will close all open positions with these pairs and will eliminate pending orders on March 31, 2016.
There are no reasons mentioned for this decision of Alpari. Nevertheless, these changes are about to affect clients of Mauritius-based Alpari International Limited too.
You can read the official announcement here.
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