Following our exclusive report from Tuesday that Australian Retail Forex broker Direct FX was placed into liquidation with Deloitte named as administrator, it came as no surprise that today regulator ASIC announced that it was fully canceling Direct FX's AFS license. ASIC had first suspended Direct FX's license back in April. What was somewhat surprising,…
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Retail FX broker Markets.com, part of FTSE 250 group Playtech PLC (LON:PTEC), has announced the launch of ‘Live Sessions’, a new in-platform live streaming service aimed at keeping traders around the world up to speed with what’s going on in the markets with unique insights and analysis from a wide range of trading experts. To mark…
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LeapRate Exclusive... LeapRate has learned that embattled Australia based Retail FX broker Direct FX Trading Pty Ltd has been placed into liquidation. The move became effective as of October 11. Jason Tracy, a Partner in the Financial Advisory group of Deloitte's Restructuring Services arm in Australia was named as Liquidator. The liquidator's plans are apparently to…
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Estonia based Retail FX brokerage firm Admiral Markets Group AS has announced that over 300 financial instruments that have been exclusively accessible to Admiral Markets Pro users are now available to all Retail clients with Admiral.MT5 accounts. The latest additions to the company's range of commodity CFDs now allow Retail traders to take leveraged exposure…
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Another major institutional player has taken a large bet on online gaming and financial trading company Playtech PLC (LON:PTEC), with regulatory filings showing that US banking giant JP Morgan has picked up an effective 6.41% stake in Playtech over the past few days, JP Morgan's stake consists mainly of a series of cash-settled equity swaps, plus…
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ATFX, a leading online trading broker, has announced a new selection of contract-for-difference (CFDs) products, including thirty-eight US stocks and twelve popular German ones. The newly augmented selection features leading blue-chip stocks from the tech, financial, and other main sectors. The latest addition to ATFX’s family of products includes household names such as Apple Inc.,…
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Copenhagen based Retail FX broker Saxo Bank Group has announced that it is expanding its India presence and relocating more than 500 employees into a new and bigger office in Gurugram. The company stated that the move reflects its major investments in technology with the Gurugram office as a hub for fintech innovations. Saxo Group…
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Retail Forex broker Alpari's trading turnover across key international markets for the month of September came out to 116.6 billion USD. The broker pointed out that its clients continue to trade actively despite the declining turnover on the popular EURUSD currency pair. Volatility on the pair for September remained at one of the lowest levels…
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Shares of leading publicly traded Retail FX and CFD brokers traded down on Wednesday and early Thursday, in concert with the global stock market selloff taking place over the last 24 hours. Led by a dive in US shares on Wednesday which saw the Dow Jones and S&P indices off by more than 3%, and…
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ASIC regulated Retail FX and CFDs broker FP Markets has announced that it has just added the multi-asset platform MetaTrader 5 to its offering of existing trading solutions. FP Markets is a forex broker with over 13 years of experience in the industry. The new platform enables the company to offer more tools for comprehensive…
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