After seeing fairly strong trading volumes during the summer months of July and August, retail forex broker FXCM, the operating unit of Global Brokerage Inc (NASDAQ:GLBR), has reported a 12% MoM decline in FX trading volumes during the month of September. FXCM volumes were $196 billion in September, down 12% from August but down just…
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ASIC regulated Retail FX broker GO Markets has announced the launch of its new GO Plus+ account, providing an advanced trading experience targeted at high volume traders. This brand-new account option seeks to reduce spreads, and therefore clients’ overall trading costs, with the addition of aggregated Bank, Non-Bank, and ECN pricing on Margin FX (Forex) and Metals.…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that FCA licensed FX and CFDs broker IKON Finance Limited saw a drop in Revenues as well as a net operating loss in 2016, ahead of the company's sale of its Retail FX clients to rival broker Hantec Markets after year-end. As was exclusively reported by LeapRate…
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Copenhagen based online brokerage provider Saxo Bank has reported steady but mixed overall trading volumes for September 2017, with FX trading up but Commodities and Equities somewhat weaker than in August. Overall, total multi-asset trading volumes at Saxo Bank were down 2% MoM in September, $342.6 billion versus $348.4 billion in August. We'd note that monthly volumes…
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Geneva based Retail FX broker Dukascopy has announced that due to the probability of high volatility, periods of low liquidity and risk of price gaps that may appear in FX markets in connection with the situation in Catalonia, Dukascopy is temporarily decreasing the maximum exposure limit to 15 million EUR on currency pairs that contain…
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LeapRate Exclusive... LeapRate has learned from regulatory filings that ETX Capital had a fairly poor year in 2016, following a shift in strategy to refocus on what the company called premium customers, and away from pay-away and introducer-led channels, including China. The filings were made by FCA regulated Monecor (London) Limited, which operates the ETX…
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FSA Seychelles regulated brokerage group Leadcapital Corp Ltd has announced that it has just gone live with a new Asian facing brand Finq.com. Leadcapital Corp is a "sister company" to CySEC licensed Leadcapital Markets Ltd, which operates the Trade.com online brokerage brand. Finq.com is launching with twelve languages in place, offering fairly low minimum deposits…
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LeapRate Exclusive... Continuing a fairly wide ranging turnover in senior management, LeapRate has learned that Abu Dhabi based brokerage group ADS Securities has seen the departure of longtime Chief Marketing Officer Andreas Lazarou. Andreas Lazarou has been with ADS since 2013, first as Director of Marketing and later being promoted to CMO. He had joined ADS…
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Two days after the news that Joe Schenk will replace Peter Quick as Chairman of GAIN Capital Inc (NYSE:GCAP), the FX brokerage group has reported its operating metrics for the month of September 2017. After hitting a record $279.8 billion in August (up 32% over July), the institutional FX volumes were steady in September -…
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Geneva based Retail Forex broker Dukascopy has just made an announcement that due to situation in Catalonia and related risk of price gaps has made a slight change to its Spain 35 index ESP.IDX/EUR. Dukascopy Group decided to reduce leverage on CFD of the Spain 35 index ESP.IDX/EUR to the level of 1:10 and limit…
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