Exclusive: Hirose UK 2018 revenues drop 36% in shift from Binary Options to B2B Forex LeapRate

June 13, 2018 BY LeapRate Staff

Exclusive: Hirose UK 2018 revenues drop 36% in shift from Binary Options to B2B Forex

LeapRate Exclusive… LeapRate has learned via regulatory filings that Hirose Financial UK Ltd., the FCA regulated arm of Japanese retail forex brokerage group Hirose Tusyo Inc (TYO:7185), saw its Revenues tumble 36% in Fiscal 2018 (year ended March 31, 2018) to just £317,000, down from £496,000 last year. That follows a 47% revenue decline last year in…

March 01, 2018 BY LeapRate Staff

TechFinancials gives up CySEC license, closes OptionFair as Binary Options focus switches to China

Binary options technology and brokerage company TechFinancials Inc (LON:TECH) has announced that it has notified Cyprus financial CySEC of its intention to withdraw the Cyprus Investment Firm (CIF) license of its regulated subsidiary B.O. TradeFinancials Limited (BOT), and that it plans to shut down its OptionFair binary options brand, returning all client funds. BOT is the…

TechFinancials sells its holding in MarketFinancials to Proverial Ltd

November 24, 2017 BY LeapRate Staff

TechFinancials sells OptionFair binary options brand for $400K as it focuses on Blockchain and Crypto technologies

Binary options technology and brokerage company TechFinancials Inc (LON:TECH) is getting out of the broker side of the business. TechFinancials today announced that it has agreed to sell its CySEC licensed subsidiary B.O. TradeFinancials Limited which operates the OptionFair binary options brokerage brand, as well as another related subsidiary MarketFinancials Limited, to a Cyprus incorporated company called…

September 20, 2017 BY LeapRate Staff

Binary.com ICO provides a peek into the workings and finances of a Binary Options broker

Further to our exclusive coverage of the launch of new FX and CFDs broker ChampionFX by former ThinkMarkets GM Athol Nourse and its plans to be involved in an ICO, Mr. Nourse's partner in the venture - binary options broker Binary.com - has indeed released its ICO document, in which it confirms its co-ownership of ChampionFX and details…

July 04, 2017 BY LeapRate Staff

TechFinancials revenues plummet 39% in 1H-2017 as binary options squeeze hits

Binary options platform and brokerage group TechFinancials Inc (LON:TECH) has issued its Trading Update for the first six months of 2017 and, not unexpectedly, did not contain much good news. As the binary options sector has been hit hard both by regulators worldwide, including TechFinancials' home country of Israel, and by a lot of negative press…

Herzliya Hamada 3 St Techfinancials office

June 29, 2017 BY LeapRate Staff

TechFinancials downsizes Israel Binary Options office, moves jobs to Cyprus and Ukraine

The shoes continue to drop in the Israel binary options sector. After our earlier exclusive report that rival Anyoption was ceasing all binary options activity - after previously moving all call center and client facing operations out of the country - LeapRate has learned from sources close to the company that TechFinancials Inc (LON:TECH) is…

June 28, 2017 BY LeapRate Staff

Exclusive: Anyoption ceases Binary Options activity to focus on FX and CFDs

LeapRate Exclusive... LeapRate has learned that CySEC regulated binary options broker Anyoption is, well, on its way to no longer being a binary broker. Sources inform LeapRate that the company has apparently taken the strategic decision to abandon binary options, in favour of building out its offering of FX pair and CFD trading. The company…

June 26, 2017 BY LeapRate Staff

24option reinstated in France following no-binary-options promise

France financial regulator Autorité des Marchés Financiers (AMF) has announced that it is waiving the prohibition against Binary Options, Forex and CFDs broker 24option.com on providing services on French territory. 24option parent company Rodeler Limited, which is licensed by CySEC in Cyprus, received the France ban last August, after the AMF determined that 24option was providing…

June 25, 2017 BY LeapRate Staff

Forex Industry Week Review: Binary Options broker leaves Cyprus, problems for Japan FX firms in the UK, and lots more…

Forex Industry News at LeapRate this past week was very much a microcosm of what's going on both very publicly, as well as behind the scenes in the sector, over the past few months. Binary options brokers scrambling amid new laws and regulations; foreign FX brokers trying but not always succeeding to get a foothold…

June 21, 2017 BY LeapRate Staff

Exclusive: Hirose UK revenues drop 47% as Binary Options bet fails

LeapRate Exclusive... LeapRate has learned via regulatory filings that Hirose Financial UK Ltd., the FCA regulated arm of Japanese retail forex brokerage group Hirose Tusyo Inc (TYO:7185), saw its Revenues tumble by 47% in Fiscal 2017 (year ended March 31, 2017) to just £496,000, down from £928,000 last year. Hirose UK also reported a net loss…

Tag: regulated binary options brokers