FCA and CySEC licensed Retail FX broker Exness has reported an 8% rise in FX trading volumes for the month of October 2018, its second consecutive month of growing volumes following a relatively slow summer trading season. October volumes came in at $377.0 billion at Exness, versus $349.1 billion in September. The $377 billion figure represented Exness’…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that leading Australian retail forex brokerage group Pepperstone has continued its impressive growth trajectory, growing the business by more than 50% in Fiscal 2018. Pepperstone has a June 30 fiscal year end, so the results described are for the year ended June 30, 2018. Fiscal 2018 completed…
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Quarterly filings for the end of Q3-2018 from investment company Jefferies Financial Group Inc (NYSE:JEF) – formerly known as Leucadia – indicate that the outstanding amount owed to Jefferies by Retail FX broker FXCM Group as at September 30, 2018 stood basically unchanged from at the end of Q2, at $70.6 million. Which, basically means that during…
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Following our exclusive report from the beginning of last month that London based spreadbetting and CFDs broker Capital Index had made an application to voluntarily give up its CySEC CIF license, CySEC had indeed issued a brief notice that Capital Index (Cyprus) Ltd has had its CIF license withdrawn. We had reported at the time…
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Retail Forex broker Alpari has announced that a new deposit method is now available on its website: Zcash. Alpari will not be charging a commission for these deposits, although there may be commission fees charged by the Zcash network. To make a payment, clients need to complete the form in myAlpari, log in, and confirm…
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Recently-launched Cyprus based Retail FX and CFDs broker Capital.com has announced that it has secured a license for UK subsidiary Capital Com (UK) Limited from the FCA. We have learned via regulatory filings that Capital.com's shareholders injected an additional £679,000 of capital into the UK company at the beginning of this month, to satisfy the…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that FCA regulated retail FX and CFDs broker Fortrade Limited had a fairly flat year in 2017, after tripling its revenue and activity base in 2016. Fortrade popped up on the UK CFD scene in 2016, as noted nearly tripling its revenue that year to £15.9 million,…
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LeapRate Exclusive… LeapRate has learned via regulatory filings that FCA regulated Retail Forex and CFDs brokerage Henyep Capital Markets (UK) Limited (or HYCM) brought in revenues of £3.1 million in 2017, a figure virtually identical to that of 2016. Net profit for the year at HYCM was £161,000, down from £362,000 the previous year. The results include those…
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FX brokerage group GAIN Capital Holdings Inc (NYSE:GCAP) has reported its financial results for Q3-2018, indicating a healthy rise in Revenues and profitability during the third quarter of 2018, despite a dropoff in trading volumes and the sale of the company's GTX institutional division. Overall for Q3, Revenues at GAIN Capital came in at $95.5 million,…
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LeapRate Exclusive... LeapRate has learned that a new CySEC licensed Retail FX brokerage has launched called Fondex, at website fondex.com. Fondex is a multi-asset CFD brokerage that is launching using Spotware’s cTrader updated platform: a 3-in-1 solution that has integrated manual, copy and automated trading functionalities. We spoke with Fondex CEO Alex Katsaros about the launch…
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