2013 was a nice comeback year for retail forex volume metrics, up more than 20% over 2012. LeapRate's Retail FX Volume Index, a monthly measure of trading volumes globally in the retail forex sector, declined by 5% in December to $276 billion daily -- its (not unexpectedly) lowest level of the year. Gerald Segal, LeapRate…
Read moreApparently the company’s website vanished since December, no sign of clients’ funds Cypriot regulator CySEC has issued a warning against FX Trident 365 LTD which is the company behind Trident FX, stating that the entity has never been regulated by the Commission. According to the press release they have never been authorized to provide investment…
Read moreTotal number of traders rises by one-third, retail banks businesses expand swiftly Russian newspaper Vedomosti has put out an article providing data from a report on the retail forex industry by the Center for Economic Analysis of Russian non-governmental news agency Interfax. According to the article in 2013 there was a total of 400 000…
Read moreChinese Yuan funds can be moved freely between onshore and offshore entities Another change to the Chinese Yuan forex market is on the way, as Reuters reports that Citi has set up a cross-border facility that enables Shanghai Free Trade Zone based multinationals to move funds freely between their onshore and offshore entities. Up until…
Read moreComes several weeks after a similar warning by the AMF against 23 unregulated Forex brokers Last week the French regulator AMF (Autorité des Marchés Financiers) released a list of binary options companies that have caught the attention of the Financial Markets Authority. The text in the press release states that the companies are not authorized…
Read moreMore Bitcoin mainstreaming – Americans can pay their taxes to the IRS with Bitcoin via snapCard Sports and technology go hand in hand - that has been the motto of the new owner of NBA team Sacramento Kings. The latest manifestation of his commitment to revolutionize the professional sports industry and polish the image…
Read moreSpotOption Director of Marketing Tammy Levy discusses the binary business model, industry saturation, forex brokers launching binaries, and more. LeapRate Meets is a series of interviews with interesting personalities in the forex world. If you would like to suggest an interviewee or topic, or if you would like to be interviewed, please contact us and…
Read moreChief regulator Serguey Shvetsov is very likely to get a new deputy very soon The Russian central bank has announced its first new appointments within a new regulatory structure that was unveiled last year. The current body responsible for financial markets regulation will be liquidated on the 3rd of March. The man behind the wheel…
Read moreAs part of the Dodd-Frank Act, an electronic filing portal has been launched for public access In times of a vastly expanding regulatory environment in the financial services industry sometimes it is very difficult to properly address all inquiries that come to the regulators. Authorities have been blamed for not paying enough attention to “obvious”…
Read moreWith its existing office in Singapore and Ex-GFT Asia CEO Desmond Yeo a foothold in the region is almost certain The Middle East brokerage powerhouse originally from the United Arab Emirates is expanding its presence in the Far East side of Asia with an office opening in Hong Kong. The company already has established a…
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