LeapRate Exclusive... LeapRate has learned that Forex brokerage solutions provider MahiFX has received its FCA license in the UK as a matched principal broker. The license was officially granted to MahiFX on March 16, 2017. MahiFX is also licensed by ASIC in Australia and the FMA in New Zealand (holding a Derivatives Dealer license, something that the…
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LeapRate Exclusive... LeapRate has learned via regulatory filings made in the UK and Singapore that King & Shaxson Capital Limited has seen a significant drop in activity in Fiscal 2016. (The company has a June 30 year end). King & Shaxson is the parent company of FCA regulated retail and institutional Forex broker PhillipCapital UK.…
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LeapRate Exclusive Interview... The issue of transparency and fairness in the FX markets has been a hot one of late, with many institutional and retail players making changes in the way they trade and hedge (and with whom they trade and hedge) as a result. We are pleased to speak today on these topics and…
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LeapRate Exclusive... LeapRate has learned that FCA regulated FX broker IKON Finance has decided to exit the Retail Forex sector, to focus solely on institutional clients and services. In addition, due to regulatory restrictions which have been imposed on IKON by the FCA, IKON is no longer accepting any new clients. IKON has been instructed by…
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LeapRate Exclusive... LeapRate has learned that FCA regulated multi asset prime broker Divisa Capital has begun making a round of senior level management hires, following its recently announced $100 million capital raise which we discussed with Divisa Capital CEO Mushegh Tovmasyan at the time the very handsome financing was revealed back in January. First to join is…
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LeapRate Exclusive... LeapRate has learned that True Trade Markets co-founder and COO Ashraf Agha has resigned, prior to the company's planned launch later this Spring. As was reported exclusively by LeapRate last November, FCA-regulated True Trade Markets (formally True Trade Ltd) was created by controlling shareholder and New York based entrepreneur Michael Frey, whose company designs…
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LeapRate Exclusive... LeapRate has learned that binary options broker Anyoption has sent a circular out to its affiliates, regarding unauthorized advertising and promotion which one or more of its affiliates has been doing. Apparently, one or more Anyoption affiliates has been actively marketing the company in Europe using the images of Robert and Carmen Geiss…
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LeapRate Exclusive... LeapRate has learned that Cyprus regulated broker Opteck (operating at opteck.com) has recently dropped Binary Options from its list of tradable assets. Opteck, which is a brand of CySEC CIF license holder Centralspot Trading Ltd, has been operating for several years and marketing itself mainly as a Binary Options broker. As a licensed CIF…
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LeapRate Exclusive... LeapRate has learned via regulatory filings made in Poland that Warsaw-based X Trade Brokers Dom Maklerski SA (WSE:XTB), which operates the XTB.com retail forex brokerage as well as the X Open Hub platform business, has decided to promote from within in replacing recently departed CEO Jakub Maly. As was exclusively reported by LeapRate in…
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LeapRate Exclusive... LeapRate has learned that veteran marketing executive Elizabeth Rayment has left her longtime position as Marketing Manager at Dubai-based and FCA regulated retail forex broker ICM Capital. Ms. Rayment, who has been with ICM Capital and been based in the UAE for nearly six years, has returned to London to set up her…
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