The following article was written by freelance writer Scott Welsh. We're all wasting our time. The market is efficient. All future earnings are already built in. By the time we see any information, the move has already happened. Trading is the most competitive field in the world. And someone once told me, "If there was…
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Let's begin this article with what we wrote over the weekend when word broke of Global Brokerage Inc (NASDAQ:GLBR) filing for a "Chapter 11" bankruptcy reorganization - this isn't your typical bankruptcy filing. And, the effects of the filing (if any) on Retail FX broker FXCM, in which Global Brokerage holds a 50% interest, have been…
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LeapRate Exclusive... LeapRate has learned that emerging markets focused institutional FX broker R5FX has hired Chris de Sibert as its new Global Head of Business Development. Mr. de Sibert joins R5FX after eight years at HSBC in London. For the past four years he has been Managing Director - Foreign Exchange and Commodities Sales at HSBC's Global Banking…
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Breaking Forex News... The UK financial regulator, the FCA, has announced that effective January 3, 2018, firms offering binary options in the UK will be regulated by the FCA, and will no longer be licensed by the Gambling Commission. The decision by the FCA ends a lengthy internal debate at the regulator, as well as…
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Spreadbetting, FX and CFDs broker GKFX has announced that it has now joined the growing number of FCA regulated brokers offering their clients the opportunity to trade Bitcoin on MT4. Traders with GKFX will now have the chance to diversify their portfolios and trade BTCUSD and BTCEUR across all account types. Trading Bitcoin on the MT4…
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Continuing its makeover from turnkey brokerage solutions provider to an FX point solutions company, Leverate has announced the launch of “Go East with Leverate” - a professional service that will enable brokers to expand into the enormous financial trading markets of China and the wider Asia Pacific region. With two offices based in China, one…
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LeapRate Exclusive... LeapRate has learned that FCA regulated FX and CFDs broker Walbrook Capital Markets Limited has been renamed ITI Capital Limited. Beyond its formal company name, the company's operating brand has also been changed, from Walbrook Capital to ITI Capital. However, at least for the time being, the broker's website url remains at walbrookcapitalmarkets.com.…
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LeapRate has learned that trading app developer Hummingbird Trading has partnered with FCA licensed FX and CFDs broker Valutrades, to provide Valutrades with its next generation of mobile trading apps. Hummingbird is a proprietary trading platform completely independent of existing systems such as MetaQuotes. Designed around the end user and built using React Native technology,…
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Shares of leading FCA regulated, publicly traded online brokers were under pressure on Monday, after word broke in the Polish press that Warsaw based X Trade Brokers Dom Maklerski SA (WSE:XTB), which operates Retail Forex broker XTB.com as well as the X Open Hub trading platform, was under investigation in its home country for fraud. XTB shares…
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The U.S. Commodity Futures Trading Commission (CFTC) has announced that Judge David G. Campbell of U.S. District Court for the District of Arizona entered a Consent Order against Defendants Derek Springfield and his company, Draven, LLC (Draven), both of Mesa, Arizona finding that they fraudulently solicited and received at least $1.8 million from approximately 112 commodity pool participants in…
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