Russian Forex regultor trying to get leverage limit of 50:1 and advertising scrutiny put into law. First deputy governor of the Russian Central Bank, Serguey Shvetsov is on the newswires with an announcement that the second vote on the forex regulation bill in Russian Parliament is now imminent. The bill will introduce caps on leverage…
Read moreRussian Government to clamp down on retail forex trading with Serguey Shvetsov at the helm
Read moreYear-on-year growth still quite strong with daily average revenue trades rising by 19% One of the leading electronic brokerages in the US, Interactive Brokers, has reported its monthly volume metrics for February. The theme appears to be flat over last month’s figures with the Daily Average Revenue Trades (DARTs) consolidating around 581,000, which is higher…
Read moreKen Harvey succeeds Gerard Hartsink, who served as CLS Chairman for seven years. Institutional FX settlement risk company CLS has today announced the appointment of Ken Harvey to the position of Chairman of the Board of Directors. Mr. Harvey, who has held independent membership of the CLS Board of Directors since 2012, supersedes industry veteran…
Read moreAbshire-Smith clients can also trade on the MT4 and Straticator DMA platforms UK regulated forex brokerage Abshire-Smith has launched the latest version of Hybrid Solutions’ VertexFX platform to their clients. According to the press release issued on the matter the brokerage itself is one of the liquidity providers for the trading platform that combined bank…
Read moreUnsurprisingly, increased trading activity is directly related to Ukrainian turmoil Volumes of FX contracts that shook hands in the month of February has spiked to an all-time high of RUB 17.8 trillion ($489 billion) in the month of February. That is higher by more than 35% over last month's figures. Volume metrics were affected by…
Read moreValutrades runs on the MT4 and Tradable app platforms, soon adding binary options. LeapRate has learned that Indonesia retail forex broker Monex (not to be confused with Monex Group of Japan, an unrelated company) has rebranded its UK operation as Valutrades. As we reported back in October, Monex Indonesia had set up a UK subsidiary…
Read moreThe company appears to be registered in Ukraine which only adds on top of CRFIN’s worries According to a press release issued by Russian self-regulatory organization CRFIN, the company FX Garant (www.fx-garant.org) appears to be very likely to operate a Ponzi scheme. The regulator has issued a warning that the company is guaranteeing a staggering amount…
Read moreMonthly stats remain on track for an optimistic start to the year at the Danish brokerage Volumes at leading Danish brokerage Saxo Bank have been released for the month of February and the number is out at $264 billion. That’s a substantial decline of 13% from the month of January, yet it is not unexpected…
Read moreUK regulated brokers can come under more scrutiny due to best execution malpractices LeapRate has already reported on last week’s long dated fine on FXCM imposed by the UK financial regulatory body FCA. What we would like to emphasize today is that this could be only the first action in a series of investigations. According…
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