Darwinex, the UK Financial Conduct Authority (FCA) regulated FX asset manager and brokerage, announced that it has launched MetaQuotes' multi-asset platform MetaTrader 5. The company offers clients DMA execution at competitive rates, combined with access to more than $50 million in 3rd party capital managed by Darwinex. It is most famous for creating a transparent social…
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After reporting record Revenues for the first half of Fiscal 2018 (the company has a May 31 year-end), UK online trading leader IG Group Holdings plc (LON:IGG) has gone one better in Q3 (quarter ended February 28, 2018), reporting best-ever Revenue of £152.9 million. IG's previous best ever quarter was Q1-2018, when Revenues hit £135.2 million.…
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Following our exclusive report from earlier this month revealing that FCA regulated Retail FX, CFDs and spreadbetting broker London Capital Group is going to be taken private by CEO Charles-Henri Sabet, the company has announced that a shareholders meeting was held yesterday and that the proposed transaction (see more details below) was approved as planned. The going-private…
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Leading social trading and investment platform eToro has announced a Series E fundraising of $100 million to support its expansion into new markets as well as its continued research and development of blockchain technology and the digitisation of assets. Led by China Minsheng Financial, the round of funding was participated in by SBI Group, Korea…
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Retail FX and CFD broker Plus500 Ltd (LON:PLUS) has just released its annual report for 2017. For the full year 2017, Plus500 brought in $437.2 million in Revenues and earned Net Profit of $199.7 million, both best-ever results for the Forex and CFDs broker. The highlights for 2017 at Plus500 can be seen below: Financial…
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LeapRate Exclusive... LeapRate has learned that Japanese online and FX trading giant GMO Financial Holdings (TYO:7177) has invested an additional £2 million (USD $2.8 million) of capital into its FCA regulated UK subsidiary, GMO-Z.com Trade UK Limited, which operates the Z.com Trade brand. GMO is the world's largest Retail FX broker, mainly based on its leading…
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Global retail forex and multi-asset broker HotForex has announced enhancements to its mobile app. This follows a significant retouch one year ago which enabled access to the myHotForex client area, essentially allowing traders to deposit, withdraw and transfer trading funds on the go. Now, the HotForex Mobile Application boasts many more optimized features which make…
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Retail Forex broker Alpari just announced its February 2018 volumes, in which Alpari recorded US$148.4 billion in trading turnover for the month, marking an 11% increase on January. The improved performance on the broker's key indicator is mostly down to increased trading activity on the GBPUSD (+49%) and USDJPY (+14%) currency pairs. The EURUSD, Alpari's…
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Hong Kong retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) completed what was a very up and down year in 2017 by reporting that Q4 Revenues were down 25% from Q3, coming in at HK$136 million (USD $17.4 million). The company just about broke even on the bottom line, with Q4 Net Profit of…
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LeapRate Exclusive... LeapRate has learned that MENA and New Zealand FX brokerage group Direct Trading Technologies (DTT) is in the latter stages of applying for and receiving an FCA license. The company plans to launch an FCA registered brokerage, to be based in Canary Wharf, London. DTT UK is expecting to launch in the summer…
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