Private equity firm CVC Capital has made another acquisition in the online space. Several months after partnering with Blackstone in the $4 billion buyout of online payments specialist Paysafe, CVC has acquired retail FX broker OANDA. The price and other terms of this deal, however, were not announced. The press release follows: CVC Capital Partners…
Read moreRetail forex broker FXCM Group, LLC announced that it has today launched an Effective Spread Widget. The widget shows the FXCM quoted spread for its top FX pairs, overlaid with the spread at which trades were filled (the Effective Spread), the difference being clearly displayed in a table key. FXCM launches a brand new tool…
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LeapRate Exclusive... LeapRate has learned that FCA regulated CFDs and spreadbetting broker Capital Index (UK) Limited, owned by author and self proclaimed Master Trader Greg Secker (pictured above), posted a net profit of £398,000 in 2017 although the company saw a decline in both Revenues and Client Funds held. Revenues for 2017 at the MT4 broker…
Read moreCanadian provincial financial regulator The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) has announced that it has issued a Temporary Cease Trade Order against Ava Trade Limited. The FCAA stated that AvaTrade appears to be operating an unregistered online platform that allows users to trade in Forex and Contracts for Difference (CFDs). FCAA Deputy Director…
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All we can say is: Wow! Yes folks, the graph below is not in error. After posting several consecutive quarters of record revenues above $100 million, FCA regulated CFDs broker Plus500 Ltd (LON:PLUS) has reported one of the most astonishing financial reports we've ever seen here at LeapRate. Revenues more than doubled from Plus500's best ever…
Read moreLeapRate Exclusive... LeapRate has learned that ADS Securities London Limited, the FCA regulated UK arm of Abu Dhabi based global financial concern ADS Securities, has continued to grow - and has turned profitable after several years of investment by the parent company. Revenues at ADS Securities UK came in at £5.4 million (USD $7.5 million)…
Read moreSwiss interdealer broker Compagnie Financière Tradition (SWX:CFT)'s activity grew in the first quarter with reported consolidated revenue of CHF 229.6m compared with CHF 213.4m in same period in 2017, up 7.8% in constant currencies. At current exchange rates, consolidated revenue presented an increase of 7.6%. For the same period, the Group’s consolidated adjusted revenue was…
Read moreRetail and Institutional FX brokerage group Gain Capital Holdings Inc (NYSE:GCAP) has announced Q1-2018 results indicating an across-the-board improvement in both top and bottom line results. Quarterly revenues and profits at GAIN Capital were both at multi-year high levels. GAIN Capital operates the retail Forex.com and City Index online trading brands and the institutional GTX business.…
Read moreLeapRate Exclusive... LeapRate has learned that FCA regulated Retail FX broker Destek Markets UK Ltd has posted a loss of £2.1 million (USD $2.9 million) in its first full year of operation - which, clearly did not go exactly according to plan. Destek Markets UK is the EU operating arm of Turkish based FX brokerage group…
Read moreTraders of Ghana and other West African countries are now able to trade using the innovative platform developed by MetaQuotes. Forex trading platform developer MetaQuotes has announced that Ghanaian broker Precise FX is the first in the region to switch to MetaTrader 5, offering its customers the full package of services. The African traders have…
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