LeapRate has learned that Russia based retail forex broker Alpari is terminating its program of paying interest on client deposits. Alpari has sent a note to clients, indicating that from May 1, 2016 it will cease its calculation and crediting of interest on deposits. The final calculations for interest to be credited will take place…
Read moreIG also has a Brexit Barometer, measuring IG client sentiment ahead of the Brexit vote on June 23. The data is based on the political binary market IG has developed for clients.
Read moreRetail forex broker Saxo Bank has continued the build-out of its management team, with the hiring of Jeff Zorek as Chief Operating Officer (COO) of Global Sales. Zorek will be based in London and will report to Matteo Cassina, Global Head of Sales at Saxo Bank. In this newly created role, Zorek will be responsible for…
Read moreWill Goldman expand its new offering beyond basic online Retail banking to include trading and other services?
Read moreFCA regulated retail forex broker ICM Capital has added MT4 Web Trader, a new web-based trading terminal requiring no download or installation for both live and demo servers. To start using the terminal clients simply need to apply for an account with ICM Capital and have a stable internet connection. Web traders have become increasingly…
Read moreItaú Unibanco, the largest private sector bank in Latin America, has signed a partnership agreement with R3, an international innovation firm, for developing solutions from Blockchain-based distributed ledger technologies. Blockchain, the solution behind Bitcoin and other cryptocurrencies, is a successful example of the practical application of distributed ledger technologies. In addition to cryptocurrencies, this technology…
Read moreThe dollar has been in a major decline ahead of the Fed meeting which is set to take place this Tuesday and Wednesday.
Read moreForex industry news at LeapRate was headlined by (mis)conduct in the binary options sector this week. We reported on a covert joint operation by French and Israeli authorities to uncover a €105 million defrauding of French retail traders by Israel based binary options brokers. We also reported on another Israeli binary options broker, Central Option,…
Read moreNews outlet Bloomberg is reporting that the ongoing US Justice Department investigation into chat room collusion by FX traders at some of London's big banks might finally be coming to a conclusion. Bloomberg has reported that one of the London-based FX traders from the chat room 'Cartel' has agreed to a reduced sentence in return for…
Read moreLeapRate Exclusive Interview... LeapRate has learned that popular Australia based FX trader education website Traders4Traders has had its Australian financial services (AFS) license fully reinstated by Australian regulator ASIC. We had reported back in February that ASIC had issued a temporary suspension order for Traders4Traders' license, after it found that Traders4Traders failed to lodge financial statements, auditor reports…
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