LeapRate Exclusive... LeapRate has learned that CySEC regulated binary options broker Anyoption is, well, on its way to no longer being a binary broker. Sources inform LeapRate that the company has apparently taken the strategic decision to abandon binary options, in favour of building out its offering of FX pair and CFD trading. The company…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that global investment bank Goldman Sachs Group Inc (NYSE:GS) has been steadily selling down its stake in UK based online FX and spread betting broker CMC Markets Plc (LON:CMCX) over the past few weeks. Goldman Sachs has been a long term investor in CMC Markets, and in fact was…
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LeapRate Exclusive... LeapRate has learned from sources in Israel that online gaming giant William Hill plc (LON:WMH) will be shutting its operation in Israel. More than 200 of the company's approximately 250 Tel Aviv based employees will be laid off, and the company's offices at the Azrieli Towers (pictured above) will be vacated. A small number…
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LeapRate Exclusive... LeapRate has learned that Australia based retail forex broker Pepperstone has accepted the resignation of UK director Mohammed Tayeb, replacing him on the board of Pepperstone Limited with the company's Melbourne, Australia based CEO APAC, Phil Horner. The move comes as Pepperstone is scrambling to renew activity in its FCA regulated UK arm. LeapRate…
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LeapRate Exclusive... Australian retail forex broker AxiTrader has taken an interesting step in becoming more of a global broker, while beefing up its FCA-regulated UK operation. LeapRate has learned that AxiTrader has hired industry veteran Paul Kiff to its London team as the new Global Head of Trading. That function will operate our of London, instead of…
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LeapRate Exclusive… Even for the largest global retail forex brokers, breaking into the coveted UK online trading market isn't easy. LeapRate has learned via regulatory filings that GMO-Z.com Trade UK Limited, the FCA regulated brokerage arm of Japanese retail forex giant GMO Click Holdings Inc (TYO:7177), posted a £1.8 million (USD $2.3 million) net loss for Fiscal 2017,…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that Hirose Financial UK Ltd., the FCA regulated arm of Japanese retail forex brokerage group Hirose Tusyo Inc (TYO:7185), saw its Revenues tumble by 47% in Fiscal 2017 (year ended March 31, 2017) to just £496,000, down from £928,000 last year. Hirose UK also reported a net loss…
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LeapRate Exclusive... Further to our exclusive report last week about a number of pending changes at CySEC and FCA regulated retail forex broker FxPro, especially in the UK, LeapRate has learned that the company has gone live today with its new spread betting platform, FxPro Edge. Visitors with a UK IP address going to the…
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LeapRate Exclusive... FCA licensed spread betting, Forex and CFD brokers have seen an increasing amount of competition lately, mainly from foreign brokers who come to the UK to get "FCA regulated". These brokers do so in the hopes of landing a foothold in the very lucrative UK market, still the world's highest value market in…
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LeapRate Exclusive... LeapRate has learned that Copenhagen-based multi asset broker Saxo Bank has inked a new partnership with Australian online cash equities broker OpenMarkets. We expect the parties to make a formal announcement shortly. OpenMarkets is one of Australia’s fastest-growing online stockbrokers. The agreement is a reciprocal one, which will see OpenMarkets and Saxo Bank,…
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