Exclusive: Retail FX broker HYCM sees revenues flat in 2017 at £3.1 million LeapRate

Torstone Technology expands its London headquarters

October 26, 2018 BY LeapRate Staff

Exclusive: Retail FX broker HYCM sees revenues flat in 2017 at £3.1 million

LeapRate Exclusive… LeapRate has learned via regulatory filings that FCA regulated Retail Forex and CFDs brokerage Henyep Capital Markets (UK) Limited (or HYCM) brought in revenues of £3.1 million in 2017, a figure virtually identical to that of 2016. Net profit for the year at HYCM was £161,000, down from £362,000 the previous year. The results include those…

October 25, 2018 BY LeapRate Staff

FOREX.com parent GAIN Capital posts 13% Revenue growth in Q3

FX brokerage group GAIN Capital Holdings Inc (NYSE:GCAP) has reported its financial results for Q3-2018, indicating a healthy rise in Revenues and profitability during the third quarter of 2018, despite a dropoff in trading volumes and the sale of the company's GTX institutional division. Overall for Q3, Revenues at GAIN Capital came in at $95.5 million,…

October 24, 2018 BY LeapRate Staff

Exclusive: Fondex launches cTrader based Retail FX brokerage

LeapRate Exclusive... LeapRate has learned that a new CySEC licensed Retail FX brokerage has launched called Fondex, at website fondex.com. Fondex is a multi-asset CFD brokerage that is launching using Spotware’s cTrader updated platform: a 3-in-1 solution that has integrated manual, copy and automated trading functionalities. We spoke with Fondex CEO Alex Katsaros about the launch…

October 24, 2018 BY LeapRate Staff

Exclusive: Finotec posts loss in 2017 with another shift in strategy

LeapRate Exclusive... LeapRate has learned that FCA regulated FX broker solutions provider Finotec Trading UK Limited has posted a loss in its latest financial year of 2017, amidst what seems to be a second major shift in strategy at Finotec in as many years. The previous year (2016), Finotec indicated that it was busy building…

October 23, 2018 BY Valentina Kirilova

Saxo Bank launches a new range of CFD options

Copenhagen based Retail FX and CFDs broker Saxo Bank has announced that it will begin to offer CFD Options on a range of option roots, covering puts and calls on 15 of the world’s largest stock indices. CFD Options are OTC instruments based on Exchange Traded Index Options. They can help diversify a portfolio, as…

October 23, 2018 BY LeapRate Staff

Plus500 hit hard by ESMA leverage cap, Q3 Revenues down 40% to $100M

The "ESMA effect" is certainly beginning to be felt by some of the leading Forex and CFD brokers. FCA regulated online CFDs broker Plus500 Ltd (LON:PLUS) has issued a Trading Update for Q3, indicating that Revenues fell by 40% from the previous quarter to $100.1 million (and were just about a third of record Q1 revenues…

October 22, 2018 BY LeapRate Staff

Boussard & Gavaudan sells down Playtech stake from 9.1% to 4.8%

LeapRate has learned via regulatory filings that Paris based asset manager Boussard & Gavaudan has sold down its equity position in online gaming and financial trading company Playtech PLC (LON:PTEC) from 9.1% to 4.8%. Boussard & Gavaudan holds its entire Playtech stake in the form of CFDs. Its 15.28 million Playtech CFDs are worth approximately £67.7 million…

October 22, 2018 BY LeapRate Staff

Regulated Russian Retail FX dealer Forex Club reports 1,000 clients

Moscow based Retail FX dealer Forex Club has announced that the number of Forex Club clients was over 1,000 in October 2018. Pavel Karyagin, CEO of the Russian regulated forex dealer stated: The rising number of clients shows we have chosen the right marketing strategy, while people have more trust to a licensed and regulated…

October 18, 2018 BY LeapRate Staff

ASIC cancels license of bankrupt Retail Forex broker Direct FX

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,…

October 18, 2018 BY LeapRate Staff

Markets.com launches ‘Live Sessions’ in-platform live streaming analysis

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…

Category: Brokers

Exclusive: Retail FX broker HYCM sees revenues flat in 2017 at £3.1 million

FOREX.com parent GAIN Capital posts 13% Revenue growth in Q3

Exclusive: Fondex launches cTrader based Retail FX brokerage

Exclusive: Finotec posts loss in 2017 with another shift in strategy

Saxo Bank launches a new range of CFD options

Plus500 hit hard by ESMA leverage cap, Q3 Revenues down 40% to $100M

Boussard & Gavaudan sells down Playtech stake from 9.1% to 4.8%

Regulated Russian Retail FX dealer Forex Club reports 1,000 clients

ASIC cancels license of bankrupt Retail Forex broker Direct FX

Markets.com launches ‘Live Sessions’ in-platform live streaming analysis

Dukascopy Adds 303 New Trading Instruments

Integral Announces Access to CME Group’s Primary FX Markets from Workflow Solutions

Wedbush Securities Working With Rival Systems on Multi-Asset Trading Solution

Clearstream Launches a Digital Solution for Private Market Fund Processing

INFINOX Appoints Ricardo Grados to Lead EFX Institutional Sales in LATAM