The 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…
Read moreThe company aims to attract more CFD trading by launching micro-lots One of the leading retail forex and CFD brokerages around, FXCM Inc. (NYSE:FXCM) has announced a new addition to its broad base of products. This time around it’s not a new list of assets but rather an improvement to the ones already offered –…
Read moreThe saga has ended - 750,000 BTC ($420 million) of customers' funds have been stolen from the company in the beginning of February According to a press conference that has been held in Tokyo, as of today it is finally official – Mt Gox has filed for bankruptcy protection. According to a CNBC report the…
Read moreOanda resumed services after being down for almost two hours. OANDA Clients, On February 27th, OANDA's primary Internet Service Provider (ISP) experienced an outage and as a result our platform lost internet connectivity. We want to assure our clients that at no time was any confidential information breached. At this time, we would like to…
Read moreUBS joins JP Morgan and Morgan Stanley on the sidelines, citing ‘time and effort involved is disproportionate’ Another major bank has joined the ranks of JP Morgan and Morgan Stanley to sit out from the annual survey by the Euromoney Magazine’s annual poll for best FX dealing bank. The Wall Street Journal reports that the…
Read morePlus500’s founders still own 35.6% of the company Publicly listed CFD trading platform provider Plus500 is reporting that the founders of the company have successfully placed and sold a total of 20,000,000 ordinary shares at a fixed price of 500 pence per share. The price represents about a 10% discount to where Plus500 shares have…
Read moreCost optimization related to the GFT acquisition is key to future share price developments In the aftermath of its Q4 earnings report, shares of publicly traded retail and institutional forex broker GAIN Capital (NYSE:GCAP) have soared more than 12% as investors appeared confident in the company’s ability to optimize its cost structure to successfully integrate…
Read moreForex dealers see declining influence in the US, as their numbers continue to fall The structure of the Board of Directors of the NFA is facing imminent changes, and those might eliminate the board membership of retail forex dealers. Yesterday, the NFA has issued a press release detailing a proposal for structural changes to the…
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