The following guest post is courtesy of Rima Khabbaze, Director of Sales at TradeSocio. — Traders change brokers with the same casualness as changing clothes. Why? Because the value and level of differentiation offered by most brokers is not enough to outweigh the benefit of a $1,000+ welcome bonus from another broker. So, how can you improve your trader retention?…
Read moreWell it took a few near misses, but Bitcoin prices on most major Bitcoin exchanges rose above the $300 threshold early Wednesday for the first time since mid July. Earlier this month we reported that Bitcoin prices were being pushed higher alongside the rising tide of commodity prices. That trend steadily continued through much of…
Read moreLeapRate Exclusive... Further to our earlier exclusive coverage on the website outage at ASIC-regulated forex broker AxiTrader, the company has provided LeapRate with a formal statement on the situation. The company also indicated that in a separate, unrelated outage its Retail MT4 offering had some connectivity issues for a number of clients who access AxiTrader's…
Read moreLeapRate Exclusive... Continuing our exclusive coverage of a series of (seemingly unconnected) outages and hacks hitting the Forex trading world of late, LeapRate has learned that leading Australian retail forex broker AxiTrader experienced an outage lasting several hours on Tuesday October 27. AxiTrader clients were apparently unable to log into their accounts during the latter…
Read moreWe've seen a lot of press releases in our time from large companies and financial institutions, but this one is one of the strangest. A company describing itself in its own press release using terms such as 'Despite having taken a beating in recent months', 'and There has been a great deal of speculation on [Company…
Read moreLeapRate Exclusive... LeapRate has learned that FCA-regulated MT4 broker ActivTrades has been the latest Forex Industry victim of a hack attack. We had earlier reported that FXCM Inc (NYSE:FXCM) suffered a hit by hackers which saw client information compromised and even some wire transfers initiated (note that this did not occur in the ActivTrades hack, more…
Read moreLeapRate Exclusive... LeapRate has learned that Australia-based retail forex broker AxiTrader has hired two senior institutional sales people away from Gain Capital Holdings Inc (NYSE:GCAP), as part of AxiTrader's continued buildup of its FCA-regulated UK arm and European business. Lloyd Moncur joins AxiTrader, reporting directly to AxiTrader General Manager Alex Mackinnon, after having served as Director Institutional…
Read moreLeapRate Exclusive... LeapRate has learned that ASIC regulated retail forex broker MahiFX has been successful in bringing down the website of clone broker Great Trade. We had earlier exclusively reported on the existence of Great Trade back in August, and of MahiFX's continued attempts to get them offline. The Great Trades website was at great-trade.net,…
Read moreMarketing software provider TradeSocio has announced the launch of a first-of-its-kind marketing automation and analytics platform designed specifically for forex and futures brokers. The platform analyses traders’ behaviour, allowing brokers to automatically send targeted messages to individual traders at the optimal times. TradeSocio’s new marketing platform provides brokers with a suite of tools to increase their demo-to-live…
Read moreAustralia financial regulator ASIC has published the results of two studies it had commissioned on high-frequency trading and dark liquidity - two very controversial topics of late in financial trading - and the results will likely surprise a lot of people. ASIC has concluded that financial market users have become better able to operate in…
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