CFD broker Plus500 Ltd (LON:PLUS) has announced its results for the first quarter of 2017, indicating a 15% dropoff in Revenues from Q4's record levels. Revenues for Q1 at Plus500 came in at $77.5 million, versus a record $91.3 million last quarter (Q4-2016) and $85.2 million in Q1 last year. Nevertheless, above-average EBITDA margins of…
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Swiss listed interdealer broker Compagnie Financiere Tradition SA (SWX:CFT) has announced that Emil Assentato (pictured above at right involved in one of his passions, car racing) has retired from his role as a member of the Executive Board effective immediately. LeapRate readers will recognize Mr. Assentato as the architect behind the planned multi-stage merger of Nukkleus Inc (OTCMKTS:NUKK), a…
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Forex broker FIBO Group has announced two new features today including the launch of its MT4 web version and also adding support for automated bitcoin deposits through BitPay. MetaTrader 4 web version has all advantages of the original software as it is the part of the desktop platform and compatible with every operating system and…
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CFD broker Plus500 Ltd (LON:PLUS) has announced that it has reached a settlement with Belgium financial regulator FSMA, in which it will pay the regulator €550,000. The settlement came after several months of discussions between Plus500 and the FSMA. Belgium authorities claimed that Plus500 had contravened its ban on offering leveraged trading products in the…
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Forex and commodities broker, HotForex just announced the collaboration with the German football legend Michael Ballack. The company celebrated the collaboration with a special event at its offices. The event was followed by the release of a 7-minute video presenting The 13 Golden Rules on How to Be the Michael Ballack of Trading. Commenting on the…
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LeapRate has learned that a number of leading retail forex brokers are altering trading conditions in advance of this Sunday's French elections. The first round of polling is not expected to elect a new President, with the expected final runoff between the two top vote-getting candidates set to take place two weeks later, on Sunday…
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LeapRate Exclusive... LeapRate has learned via regulatory filings made in the UK that FCA regulated broker Tradeslide Trading Tech Limited, which operates the Darwinex.com forex social and copy trading network, has seen a nice bump in Revenues and Profits during its second full year of operation. Darwinex Revenues grew from just €146,500 in 2015 to…
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The REAL story apparently involves Czech police, organized crime investigators, frozen assets, offshore companies, and suspicions of fraud and money laundering.
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Hong Kong Forex retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) has issued a statement warning investors that it expects to report a loss for the first quarter of 2017. Profit (or more accurately, loss) warnings have become something of a bad habit lately at KVB. For the company, controlled by China's CITIC Securities Company…
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Expected losses from a collapsed Queen St Forex Brokers firm have grown considerably as it was revealed the company owes creditors more than $10 million. The state of Forex Brokers, founded in 1995 and operating out of the Dingwall Building, was disclosed by liquidators who also said assets of the company appeared insufficient to repay…
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