Following the recent leveraged products marketing ban in France, CySEC regulated retail forex and CFDs broker JFD Brokers has announced the launch of a new website for its French clients, offering a tailored solution for the French market. JFD Brokers will execute all its orders from France based clients via a Multi-lateral Trading Facility (MTF).…
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Copenhagen based multi asset broker Saxo Bank has announced that it is raising margin requirements and reducing leverage on a variety of FX, CFD and Commodity products, as geopolitical tensions in the Asia Pacific region heat up in the wake of increased US-North Korea rhetoric. Margin requirements on major FX pairs involving the USD, EUR…
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Another independent Retail FX and CFD broker seems to have made a dent in the UK online trading market. FCA regulated Fortrade Limited has reported that its Revenues in 2016 nearly tripled to £15.9 million (USD $20.6 million), up from just £5.5 million the previous year. Fortrade reported a profit of £954,000 for the year, versus a loss…
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Continuing a year-long climb, shares of CFD broker Plus500 Ltd (LON:PLUS) set an all-time high in Thursday trading on the London Stock Exchange. Plus500 closed up 4.3% to £8.68 per share, its highest ever closing price after setting a mid-day high of £8.80 soon before closing. At its current share price, Plus500 has a market value…
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LeapRate Exclusive... After we exclusively reported back in February that leading Australia based retail forex and CFDs broker Pepperstone suspended all activity in its FCA-regulated UK subsidiary Pepperstone Limited, LeapRate has learned that the company has finalized its management and operational changes and is now once again open for business. We expect the company to…
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Retail forex broker FXCM, and its parent company Global Brokerage Inc (NASDAQ:GLBR) each posted their most recent results yesterday, with both entities reporting what we consider to be decent performance, especially given the difficult conditions under which the companies have been operating. FXCM posted July FX trading volumes of $197 billion, 12% down from June but…
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LeapRate Exclusive... LeapRate has learned that the FCA regulated arm of China based online brokerage group Formax Group is getting set to make a large marketing push in the UK and Europe. To that end, the company's UK subsidiary Formax Prime Capital (UK) Limited has incurred a 2017 fiscal year (ended March 31) loss of £707,834, on…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that the total amount paid by Forex.com parent company Gain Capital Holdings Inc (NYSE:GCAP) for the US clients of FXCM was $6.96 million. Back in February, the FXCM operating unit of Global Brokerage Inc (NASDAQ:GLBR) was forced into a quick fire-sale of its US operations, after the…
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Breaking Forex News... Cyprus based retail FX broker IronFX has announced that the company has arranged a $100 million investment from a major family office investment outfit. We understand that the family office is out of the Middle East, and that the investment will be made by the family office's regulated fund based in Singapore.…
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Swiss online banking and brokerage leader Swissquote Group Holding SA (SWX:SQN) has announced its results for the first half of 2017, indicating record figures on both the top and bottom line. Revenues at Swissquote came in at a record CHF 90.5 million (USD $93 million) in the first six months of 2017, up 17% from first…
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