This article was written by Yael Warman, Content Manager at Leverate. That the binary option market suffers from a terrible reputation is a well-worn story, however, what is less well-known is that the industry is adapting, finding new markets and sustaining the damage wrought upon them by the unrelenting bad press. No doubt, smaller brokers…
Read moreLeapRate Exclusive... LeapRate has learned that online gaming giant Playtech PLC (LON:PTEC) has made a decision to exit the binary options brokerage business. The company's binary options brand, TopOption, was sold effective August 7 to Leadtrade Ltd, an Israeli run and CySEC licensed company which operates several other binary options brokerage brands including OptionsClick (optionsclick.com), Prestige Option (prestigeoption.com),…
Read moreBreakout strategies are generally best when they are short-lived, as a price breakout is often followed by a correction.
Read moreInvast Global, the ASIC-regulated Australian-based offshoot of leading Japanese brokerage Invast Securities Co. Ltd. (TYO:8709), has promoted two C-level executives with an eye to further expanding its FX prime services offering, PurePrime. Joining Invast CEO Gavin White at the top management table will be Jon Leung and James Alexander. White, Leung and Alexander know each other…
Read moreAustralia financial regulator ASIC has released guidance on regulating digital advice to retail investors and traders. Digital advice (also known as ‘robo-advice’ or ‘automated advice’) is the provision of automated financial product advice using algorithms and technology and without the direct involvement of a human adviser. It can comprise general or personal advice, and range from advice that is…
Read moreJersey has recently become part of the geographical scope of the direct debit and credit transfer schemes of the Single Euro Payments Area (SEPA) administered by the European Payments Council. Banks in Jersey are now able to apply to join the SEPA schemes. However, participation in the SEPA schemes is not mandatory: whether to join…
Read moreSilicon Valley headquartered Fortex, a leading FX trading platform provider announced today that Jason Young has joined the firm and has been hired on as Executive Vice President and Head of Deliverable FX. Mr. Young has varied experience in the FX industry coming from Bank of Tokyo Mitsubishi in New York where he was a Vice…
Read moreFormer HSBC Holdings plc (ADR) (NYSE:HSBC) global head of foreign exchange cash trading Mark Johnson pleaded not guilty today in U.S. criminal court to charges that he participated in a fraudulent scheme to front-run a $3.5 billion currency transaction by one of the bank's clients. Mark Johnson was arrested in July and became the first person to…
Read moreSmart Margin Watcher is designed to notify traders in advance of margin calls.
Read moreThe focus this week will be squarely on the monthly US nonfarm payrolls (NFP) figure.
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