LeapRate Exclusive... LeapRate has learned that FCA licensed Spreadbetting, FX and CFDs broker GKFX Financial Services Limited has seen a fairly impressive growth spurt, and - having raised an additional $15 million earlier this year - seems poised for more. GKFX reported that Revenues for the 16 month period September 2015 through December 2016 came…
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LeapRate Exclusive... The new, stricter rules governing FX and CFD brokers issued by Cyprus financial regulator CySEC late last year do not seem to be deterring a new generation of brokers from setting up shop in the island nation. LeapRate has learned that CySEC has issued a new CIF license to a Lebanon based investor…
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LeapRate Exclusive... LeapRate has learned that Plus500 BG EOOD, the Bulgarian subsidiary of global CFD broker Plus500 Ltd (LON:PLUS), has been denied by the country's financial regulator Financial Services Commission (FSC) in its application to receive a financial services license in Bulgaria. The regulator did not state a reason for its decision. Plus500 has more…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that FCA regulated retail FX and CFDs broker Infinox Capital Limited has had a very successful first year after it rebranded from Go Markets UK. Revenues at Infinox more than doubled during 2017 (the company has a March 31 fiscal year end) to £17.5 million (USD $24…
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LeapRate Exclusive... LeapRate has learned that CySEC licensed retail FX broker IronFX has launched a new affiliate program system, utilizing software provided by Cellxpert. Cellxpert's other clients in the Retail FX space include UK industry leader IG Group Holdings plc (LON:IGG) and Warsaw based X Trade Brokers Dom Maklerski SA (WSE:XTB), which operates the XTB retail…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that FxPro UK Limited, the FCA regulated arm of global Retail FX broker FxPro, saw a healthy increase in activity in 2016. FxPro UK grew its Revenue base by 64% in 2016 to £3.2 million, up from £1.97 million in 2015. The company turned in a Net Profit of £1.1…
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LeapRate Exclusive... LeapRate has learned that FCA regulated Retail FX and CFDs broker Valutrades will soon be posting its financial statements with regulatory authorities, indicating that the company continued to grow its revenue base in 2016. However, the growth has come at the cost of increased losses at Valutrades, leading the company's shareholders to put…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that GAIN Capital UK Limited, the FCA regulated subsidiary of global FX broker Gain Capital Holdings Inc (NYSE:GCAP), saw a significant pickup in both Revenues and Profits in 2016. Fiscal year 2016 represented the first full year in which the results of City Index were included in GAIN…
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While Bitcoin price levels have now bounced back to $4,080, up from all-time lows of $2,941, Pirate Bay is now testing a new strategy for mining cryptocurrency – using their visitors’ computers without asking for permission. The torrent website used a tool developed by Coinhive, a crypto miner, and tried to free the tracker’s site…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that FCA licensed futures, options and spot forex broker Berkeley Futures Limited has seen a nice turnaround in its business, reporting a modest 4% increase in Revenues in its 2017 fiscal year (ended April 30 2017) to just under £10 million. Last year, in 2016, Berkeley Futures…
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