With the Swiss National Bank keeping its 1.20 CHF per € cap, thereby killing CHF volatility, Swiss Forex brokers look to other products. Leading Swiss retail forex broker Swissquote, a member of LeapRate's Approved List of global regulated forex brokers, has added the Chinese Yuan (USDCNY), Brazilian Real (USDBRL) and Indian Rupee (USDINR) forex pairs to…
Read moreCyprus firms continue to reposition and rebrand away, although other forex brokers continue to flock to the country. LeapRate has learned that Cyprus-based and CySEC-regulated forex broker Liquid Markets (previously Tadawul FX) has opened a new office in London. The move comes after Liquid Markets' regulator CySEC granted permission to the company to operate in the…
Read moreHow does Plus500's proposed IPO compare with existing forex industry public market valuations? LeapRate Exclusive.... The past two weeks have seen some extraordinary IPO activity in the retail forex industry. After more than two and a half years of quiet -- FXCM and Gain Capital (Forex.com) were the last two forex brokers to go public,…
Read moreMartin Wheatley, FCA CEO, declares that the FCA is 'a very different animal' than its predecessor the Financial Services Authority (FSA). Today (Tuesday July 9) marks 100 days since the UK's Financial Conduct Authority (or 'FCA') came into being, replacing the Financial Services Authority (or 'FSA') as the main financial regulator in the UK, including…
Read moreInvestment Trends research confirms our recent reports -- that the US forex industry is getting smaller, and more concentrated. Australia based forex industry research firm Investment Trends has just come out with their US forex market report for 2013. Most of the key findings of the report will be familiar to our readers, with perhaps…
Read moreAustralia's leading Forex broker is main beneficiary of stricter Forex regulations down under. LeapRate Exclusive... LeapRate has learned that AxiTrader, Australia's largest retail forex broker and a member of LeapRate's Approved List of regulated global brokers, saw its June forex trading volumes rise 26% over May to come in at $70 billion. AxiTrader's best-ever month…
Read morePlus500 hopes to raise $50 million, at a company valuation of about $225 million. UK/Cyprus based CFD broker Plus500 is not wasting much time on its planned IPO. The company will be hitting the road to meet with potential investors this week and next, before planning to price its IPO on or around Tuesday, July…
Read moreAriel also adds former former E*TRADE UK CEO Julian Costley to its board. Spread betting, forex, and CFDs platform provider Ariel Communications went through some turmoil earlier this year, with the resignation of its longtime CEO Angus Clacher. Well it seems as if the company has come roaring back, in both strengthening its management team and adding a…
Read moreTradency and X Financial Solutions hook up, after breakup with MetaQuotes. Seen first on LeapRate... The fallout from MetaQuotes' ban on third party platforms connecting to MT4 continues. Tradency -- the originator of the Mirror Trader copy trading platform -- and forex platform provider X Financial Solutions have announced that they are integrating X Financial's X Open…
Read moreBitcoin prices at lowest levels since April hype, due in part to Mt Gox's problems. LeapRate Exclusive... Bitcoin exchange Mt Gox has been able to solve one of its main problems, by renewing the ability of customers to withdraw money. As we reported several weeks ago, Mt Gox had halted all US Dollar withdrawals in mid…
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