UK online trading leader IG Group Holdings plc (LON:IGG) has reported its results for the first half of fiscal 2018 (i.e. the six month period ended November 30, 2017), indicating record half-year Revenues for the company. IG Group has a May 31 fiscal year end. Beyond the numbers, IG Group also outlined a number of…
Read moreGlobal Brokerage Inc (OTCMKTS:GLBR), formerly known as FXCM Inc, has taken the next step in its Chapter 11 bankruptcy reorganization, filing a 'T-3' form with the US Securities and Exchange Commission (SEC) to qualify the new debt it will issue to current holders of the company's $172.5 million of outstanding Convertible Notes. The new debt will…
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Worlds colliding. NASDAQ traded Long Blockchain Corp (NASDAQ:LBCC) - formerly known as Long Island Iced Tea Corp. - has announced its planned merger with the parent company of FCA regulated FX broker Stater Global Markets. However, the deal seems to revolve around the new passion of both companies - Blockchain technology. Long Blockchain announced that it…
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Copenhagen based multi asset broker Saxo Bank has announced the launch of a new entry level account, called Saxo Essential, with industry leading pricing and prudent risk limits on margin trading of OTC products. The introduction of Saxo Essential coincides with recent regulatory initiatives aimed at reducing the amount of leverage available to retail clients…
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LeapRate Exclusive... LeapRate has learned that the unnamed 'mystery' investor which agreed to put up to $100 million into Cyprus based retail FX broker IronFX is Singapore based regulated investment fund Torch Investment Management Pte Limited. IronFX announced in August that it had arranged a $100 million investment from a 'major family office investment outfit'. We reported…
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Global forex broker Admiral Markets just announced that from now on that deposits via credit card will also be handled as cheaply as possible – 100% free. Starting from 15 January 2018, all credit card payments will be made absolutely free. Admiral Markets shared that has made this step, because Forex and CFD order execution…
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Japan based online brokerage and trading provider Monex Group Inc. (TYO:8698) has announced that it has started taking on new clients in its recently established, ASIC licensed subsidiary in Australia, Monex Securities Australia Pty Ltd. And, from the looks of things, it seems as though Monex wants to carve itself a niche offering international investments to Australian…
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CySEC regulated retail forex and CFDs broker JFD Brokers has announced that it has acquired 51% of established German investment bank ACON Actienbank AG. JFD did not give a price for the acquisition, but did state that it also holds an option to acquire an additional 20% of ACON in the future, which could take its…
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FCA regulated CFD broker Plus500 Ltd (LON:PLUS) informed that it takes note of the contents of a "Dear CEO letter" that the Financial Conduct Authority (FCA) has issued last week as a public announcement following its review of the CFD market. The announcement highlights the FCA's concerns regarding firms who offer and distribute CFDs to retail…
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Following a strong November which saw its most activity of the year, Copenhagen based multi asset broker Saxo Bank has reported that it ended 2017 with a somewhat slow month of December. December volumes totaled $289 billion at Saxo Bank, down 26% from November's $388 billion. FX volumes comprised 68% of the total in December…
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