LeapRate Exclusive... Further to our report from last week that China regulators are changing their tune when it comes to Retail FX and starting to kick foreign FX brokers out of the country - which seems to have generated a lot of buzz and discussion in the industry - we have a follow-up report indicating that several…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that Retail FX brokerage group Exness has invested an additional £1.5 million (USD $2.1 million) of capital into its FCA regulated UK subsidiary Exness (UK) Limited. As we exclusively reported early last year, CySEC-licensed Exness made an application to the FCA to upgrade its "IFPRU 125K" license in…
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LeapRate Exclusive... LeapRate has learned that FCA regulated Retail FX, CFDs and spreadbetting broker London Capital Group is going to be taken private by CEO Charles-Henri Sabet. Mr. Sabet and his investor group GLIO Holdings already control the publicly traded parent company London Capital Group Holdings PLC (which we'll call 'Holdings'), with a 78.1% holding. However…
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LeapRate Exclusive... LeapRate has learned that leading online CFDs broker Plus500 Ltd (LON:PLUS) has made some key adjustments to the CPA rates it pays its affiliates via its 500Affiliates.com program, with an increased focus on bringing on board clients who trade (primarily) cryptocurrencies. Or more accurately, Plus500 won't any more disincentivize affiliates for bringing on board…
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LeapRate Exclusive... Is this the end of an era? LeapRate has learned that Chinese authorities have been approaching a number of foreign based Retail FX brokers with offices and operations in the country, demanding that they immediately shut down any physical presence in China. The "roundup" of foreign FX brokers began about two weeks ago…
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LeapRate Exclusive... LeapRate has learned that Rowena Harris-Doughty has left her role as Marketing Director at Retail FX broker Destek Markets, to become Marketing Manager at deliverable spot FX dealer Monex Europe. Not to be confused with either Monex Group Inc. (TYO:8698), the publicly traded Japanese FX broker or Indonesia-based PT Monex Investindo Futures, Monex Europe is…
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LeapRate Exclusive... LeapRate has learned that global FX brokerage CFI Group has hired Nidal Abdelhadi to its Dubai operation, Credit Financier Invest (DIFC) Limited. Mr. Abdelhadi has joined CFI Dubai as Deputy CEO, Global Head of Business Development. He started assuming his responsibilities at CFI Dubai as of February 15, 2018. Nidal Abdelhadi joins CFI from…
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LeapRate Exclusive... If anyone had any doubt as to who was in charge and calling the shots at Retail FX broker FXCM Group, after FXCM had distanced itself from one-time controlling shareholder Global Brokerage Inc (OTCMKTS:GLBR), well those questions should be clearly answered now. As we have written and explained several times ever since Leucadia National Corp (NYSE:LUK)…
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LeapRate Exclusive... Following our earlier report on the 2017 results of exchange operator Euronext NV (EPA:ENX), digging into the results LeapRate has learned that the company's Forex ECN unit FastMatch - which Euronext bought in mid-2017 for $153 million - generated a total of €7.2 million of Revenue for the 4.6 months it was owned by…
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LeapRate Exclusive... LeapRate has learned that Auckland, New Zealand based MT4 broker has hired Anish Satinder Lal as its new Head of FX & Metals. Anish Satinder Lal joins Blackbull after stints at OneTwoTrade, Atom8, and most recently ADS Securities, where he held various FX trading and sales roles. Blackbull was founded in 2014 by 25-year old…
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