A newly issued legal opinion 'does not exclude' spot forex transactions from the planned transaction tax. Reuters reports that EU lawyers have requested and received a legal opinion that taxing spot forex transaction does not conflict with the EU's commitment to the free movement of capital. Attempts to introduce a global or pan-EU transactions tax…
Read moreHong Kong retail forex broker KVB Kunlun looks to expand both its online and physical presence into mainland China. We had reported back in December that KVB Kunlun (HKG:8077) had announced plans to open an office in mainland China, in the southern city of Zhuhai. KVB has now announced that they have indeed received a…
Read moreA very strong December led to solid Q3 Revenues for IG. UK spreadbetting firm IG Group (LON:IGG) issued its Interim Management Statement for Q3 2014 (IG has a May 31 year end, so Q3 ended February 28), giving us a peek into revenues the past three months, and they were fairly strong. IG Revenues hit £96.7 million…
Read moreLeverate Head of Marketing Remy Rosenbaum discusses strategy for forex broker seminars in Shanghai and Beijing, binary options, social trading, 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…
Read moreBarclays, Citi and RBS have frozen bonuses across their FX trading teams, pending outcome of 4pm fix investigations. Temporary suspensions are one thing, but if you really want to hurt traders, take away their bonuses.... The Financial Times has reported that several leading global banks including Barclays (NYSE:BCS), Citi (NYSE:C) and Royal Bank of Scotland…
Read moreRomersa retired from FXCM before its 2010 IPO, but remains an important shareholder. LeapRate has learned, via filings made with the U.S. Securities and Exchange Commission (SEC), that former FXCM (NYSE:FXCM) senior executive Michael Romersa has sold about $8.8 million worth of his FXCM shares over the past several days. Romersa was Chief Dealer of…
Read moreInvestment Trends sees MT4 use grow, but overall Australia FX market size shrink somewhat in 2013 as volatility wanes. Research firm Investment Trends has released its sort-of-annual December 2013 Australia FX Report about is own home market, and it has some interesting findings. Overall, IT has found that The number of Australian FX traders fell by…
Read moreGAA and Top Third will continue as separate brands, with their management teams in place. Forex broker Gain Capital (NYSE:GCAP), which runs the Forex.com and Gain GTX brands, has announced the acquisition of two companies which operate in the Futures space -- Global Asset Advisors ("GAA") and Top Third Ag Marketing ("Top Third"). Chicago-based GAA operates…
Read moreAre Bitcoin's problems leading traders to other alternative digital currencies? Ireland-based retail forex broker AvaTrade has recently launched Litecoin trading for its clients, alongside Bitcoin trading. Despite the (somewhat) negative press digital currencies have received as of late, mainly around the bankruptcy of Bitcoin exchange Mt Gox and the disapearance of hundreds of millions of…
Read moreEXNESS has been one of the fastest growing forex brokers over the past 24 months. LeapRate is pleased to announce that we have added retail forex broker EXNESS to our Approved List of global regulated forex brokers. Founded in 2008, EXNESS is one many forex brokerages started at around that time, but one of just a…
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