Multi-asset brokerage Blackwell Global announced today the opening of a new office and the attainment of a new derivative broker licence issued by the Securities and Exchange Commission of Cambodia (SECC). Based in Phnom Penh, the expansion of its forex and brokerage business into the emerging market of Cambodia marks a stronger presence in Asia.…
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The normally slow late summer FX trading weeks seem to have been anything but, at least for some eFX providers. CySEC and FCA regulated broker Exness has reported that forex volumes in its system came in at $274.8 billion in August, 11% above July's $248.4 billion making the month one of Exness' best ever. In fact, August…
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Abu Dhabi based global international financial services firm ADS Securities has just announced the introduction of bitcoin CFD trading for MENA clients using its MT4 platform. Jason Hughes, Global Head of Retail Sales is confident that this is the right time for ADS Securities to introduce cryptocurrency trading: We will be the first brokerage in…
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ASIC regulated Retail Forex broker IC Markets has announced today that it registered a record month for FX trading volumes in August 2017, at USD $343 billion. Some key stats released by IC Markets: August 2017 Volume US$343 billion August Average Daily Volume US$14.9 billion Looks like total volumes were a record, although average daily…
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Global forex broker Admiral Markets has announced a new advanced feature inside the MetaTrader 4 Supreme Edition trading platform plugin – Market Sentiment Widgets. These widgets will now be available for clients with an Admiral.Markets or Admiral.Prime account using the Supreme Edition plugin. What Are the Major Benefits of Market Sentiment Trading Widgets? These sentiment…
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After experiencing a steady decline for the past 18 months, shares of Hong Kong based Retail FX broker KVB Kunlun Financial Group Ltd (HKG:8077) more than doubled in Thursday trading. KVB shares closed at HK$ 0.82 Thursday, after sitting at just HK$ 0.40 on Wednesday. The big move, up to a new 52-week high for…
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Saxo Bank reports higher profits and client assets as digital transformation gathers momentum ahead of 25 year anniversary milestone Copenhagen based multi-asset broker Saxo Bank has reported a net profit of DKK 229 million for the first six months of 2017, an increase of 45% compared to the first half of 2016. Clients’ collateral deposits…
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LeapRate Exclusive... LeapRate has learned that Switzerland based Retail FX brokerage firm Dukascopy has seen a further decrease in business activity in the first half of 2017, following what was a fairly disappointing year in 2016. In the first six months of 2017, Dukascopy reported Revenues of CHF 14.3 million (USD $15 million) - 6%…
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LeapRate Exclusive... LeapRate has learned from court documents that about two weeks ago a US judge in Illinois entered a $22.9 judgement in favor of several plaintiffs which had sued Retail Forex broker IKON Global Markets for fraud, as well as its former principals Diwakar Jagganath, Ioannis Litinas and George Daskaleas. IKON Global Markets was…
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Research outfit Investment Trends has issued its 2017 CFD Report for its home market of Australia, noting some changes in market share among the leading brokers serving Australian retail traders. According to the Investment Trends report, UK online trading leader IG Group Holdings plc (LON:IGG) remains the dominant leader down under as well, with 35% of…
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