LeapRate Exclusive... LeapRate has learned via court filings made in Israel (see source below) that the country's highest court has rejected an appeal made against the new Binary Options ban legislation. As such, Israel's Binary Options ban law takes effect today, January 23, 2018, as planned. All Binary Options activity, from offering binary trades to…
Read more
LeapRate Exclusive... LeapRate has learned that the unnamed 'mystery' investor which agreed to put up to $100 million into Cyprus based retail FX broker IronFX is Singapore based regulated investment fund Torch Investment Management Pte Limited. IronFX announced in August that it had arranged a $100 million investment from a 'major family office investment outfit'. We reported…
Read more
LeapRate Exclusive... LeapRate has learned that institutional FX broker Global Market Index (or 'GMI') has hired former Exness executive John Taylor as COO of its FCA regulated UK operation, Global Market Index Limited. John Taylor served as CFO of Exness for the past three years, and helped spearhead the launch of Exness' UK operation and FCA…
Read more
LeapRate Exclusive... LeapRate has learned that Pepperstone senior executive Phil Horner has departed the company, in what seems to have been something of an internal power struggle at the Melbourne, Australia based Retail FX broker. Mr. Horner had spent six years working his way up the ranks at Sydney based ASIC licensed broker AxiTrader, joining…
Read more
LeapRate Exclusive... It is good to be in demand. LeapRate has learned that Simon Bird has joined the board of FCA regulated Monecor (London) Limited. Monecor is the parent company of London-based spreadbetting and CFDs broker ETX Capital. We had just reported earlier today that Simon Bird was named as Non Executive Chairman of one-time…
Read more
LeapRate Exclusive… LeapRate has learned that Ikon Finance Limited, the FCA regulated arm of the global Ikon Group, has named Simon Bird as its Non Executive Chairman. LeapRate had exclusively reported in November that Mr. Bird was making a comeback of sorts to the FX industry, as he was set to join the board of Ikon…
Read more
LeapRate Exclusive... LeapRate has learned that learned that Simon Henry has resigned his position as Compliance Officer of FCA regulated Goldenway Global Investments (UK) Limited, which operates the GWFX Global retail FX and CFD brokerage brand (at gwfxglobal.com). Simon Henry, GWFX Simon Henry was hired by GWFX just three months ago from London Capital Group Holdings plc (LON:LCG), where…
Read more
LeapRate Exclusive... Further to our earlier exclusive report that leading online CFDs broker Plus500 Ltd (LON:PLUS) has decided to remove Revshare payments from its 500Affiliates.com Affiliates program due to MiFID II regulations - going to an all-CPA based system - LeapRate has learned that Plus500 is further adjusting its affiliate payment model. But this time, due…
Read more
LeapRate Exclusive... LeapRate has learned that Matthew Wright has left his CEO position at FCA regulated Retail FX broker Destek Markets, to become CEO of rival broker Capital Index. The move comes less than a year after Mr. Wright was brought in to build a team and run the UK arm of Turkey-based Destek by…
Read more
LeapRate Exclusive... LeapRate has learned that FCA regulated broker ETX Capital is making some changes to its trading product lineup, ahead of new MiFID II regulations which come into effect early next year. In addition to January 2018 heralding the onset of MiFID II regulations across Europe, the new year will also see the transfer of…
Read more