LeapRate Staff
LeapRate Analyst
March 09, 2016 BY LeapRate Staff

SEC impersonators scam fees from ex Banc de Binary clients due an $11 million settlement

The US Securities and Exchange Commission (SEC) today confirmed LeapRate's earlier report (from February 26) that it had reached an $11 million settlement with unregistered binary options broker Banc de Binary. However the SEC noted that some impersonators claiming to be affiliated with the SEC or other government agencies have recently been contacting harmed investors…

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March 08, 2016 BY LeapRate Staff

Cyprus bailout exit: What does it mean for Forex brokers?

Cyprus Finance Minister Harris Georgiades made a long awaited presentation yesterday to Eurozone finance ministers in Brussels, setting the scene for Cyprus to formally exit its 2013 EU-led €10 billion bailout later this month. (Cyprus actually only made use of about €6.3 billion of the total available amount). Cyprus' exit now leaves Greece as the only…

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March 08, 2016 BY LeapRate Staff

FX Trading Tuesday March 8: China trade balance, German industrial production, BoE Gov Carney testimony

The following article is courtesy of Marshall Gittler, Head of Investment Research for FXPRIMUS. [divide] Some in AM: China trade balance (Feb) In recent months, China’s exports have been falling at a faster pace than its imports, resulting in record-high trade surpluses despite the fact that exports are falling. The market expects that phenomenon to…

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March 08, 2016 BY LeapRate Staff

Binary Options Scam Watch – Canada’s OSC warns against Bloombex Options

The Ontario Securities Commission (OSC) has just updated its Warning List, which contains the names of individuals and companies which are engaging in activities that may pose a risk to investors. The latest addition to the Warning List is binary options broker Bloombex-Options, operating from www.bloombex-options.com. The warning was technically issued to both Bloombex Ltd., and to Pilpel…

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March 07, 2016 BY LeapRate Staff

Utrade's Aviv Talmor remanded to House Arrest

Continuing our coverage of the arrest of Utrade owner and longtime retail forex entrepreneur Aviv Talmor, Israel business site Calcalist is reporting that Talmor has been remanded to seven days House Arrest, a common tactic in Israel for non-violent offenders facing criminal charges. As reported on LeapRate, Aviv Talmor was originally taken into custody last…

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March 07, 2016 BY LeapRate Staff

FXCM ends week up 28%, Plus500 up 7% to $1 billion valuation

It was a fairly good week for shares of retail forex brokers. (At least for some of them). Hottest of the group was FXCM Inc (NYSE:FXCM), which saw speculation heat up again regarding its ability to seal a deal with Leucadia National Corp (NYSE:LUK) and renegotiate terms of its $300 million loan from Leucadia. FXCM shares…

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