CFD broker Plus500 Ltd (LON:PLUS) has reported its financial metrics for 2017, indicating record results for both the full year and for what was an amazing Q4 - plus (no pun intended), an even better start to 2018. Overall for 2017, Plus500 brought in $437.2 million of Revenue versus $327.9 million in 2016 - an…
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Global retail forex and multi-asset broker HotForex has announced the launch of HFcopy, a service through which individuals can follow traders’ accounts, essentially copying their trades. Having invested in its in-house specialists and advanced technology to produce a proprietary platform for HFcopy, HotForex announced this powerful internally-developed solution aiming to make trading more accessible to a…
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Continuing its efforts to clean up the Retail FX sector in Australia, ASIC has issued a warning to the public not to deal with any of the following entities in relation to trading in margin FX contracts for difference (CFDs) and bitcoin CFDs: AGM Markets: AGM Markets Pty Ltd, holding AFSL license No 422662. Registered business…
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LeapRate Exclusive... LeapRate has learned that Finsa Europe Ltd., which operates online spreadbetting, CFD and Forex trading brokerage brand Core Spreads (at corespreads.com), has received a capital injection of £2.8 million from the company's controlling shareholder Jasper White. The investment marks a large milestone for the company, as to date only £192,000 was invested in the company,…
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Retail Forex broker Alpari just announced its January 2018 trading turnover across key markets and it has reached 133.7bn USD, marking a 7% increase on the previous month. The main driver behind this growth was increased trading activity on Alpari’s most popular currency pair; EURUSD, which led to a 27% increase in turnover on the…
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Just two days after we reported that CFD broker Plus500 Ltd (LON:PLUS) had expanded its operations in South Africa with an upgraded South Africa FSB license for new subsidiary Plus500SA Pty Ltd and plans to open an on-the-ground operation, Plus500 today announced that it is also growing its operation in Singapore. Plus500 today stated that International…
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FX brokerage holding company Global Brokerage Inc (OTCMKTS:GLBR), formerly known as FXCM Inc, has announced that it has successfully completed its prepackaged plan of reorganization, and has emerged from Chapter 11 bankruptcy. The effective date of its prepackaged Chapter 11 Plan of Reorganization of was confirmed by Bankruptcy Judge Michael E. Wiles on January 22, 2018,…
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CySEC licensed Windsor Brokers, one of the longest tenured companies in the Retail FX space, has decided to undergo a radical makeover of its brand, logo and website, launching new versions of each as the company celebrated its 30th anniversary this week. As part of the marketing activities around the rebrand and launch, the company…
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Continuing its efforts to clean up the domestic Retail FX sector, Cyprus financial regulator CySEC has issued a circular this morning entitled "Provision of investment and ancillary services and/or performance of investment activities in a third country". See full text below. Effectively, CySEC is cracking down on its domestic licensed FX brokers which take on…
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After we reported last week that its institutional FX arm GTX had seen record trading volumes in January, FX brokerage group Gain Capital Holdings Inc (NYSE:GCAP) has released its full metrics for the month indicating a very strong set of results for its Retail FX arm Forex.com. GAIN Capital's Retail FX volumes totaled $249 billion in January,…
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