London based global commodities broker Marex Spectron has announced its formal return to the foreign exchange markets, with the launch of a new FX platform offering that includes a sophisticated desktop and mobile app for FX and precious metal spot trading and market monitoring. Through the platform offering, FX intelligent execution services are provided for…
Read more
LeapRate Exclusive... After posting a loss of £2.7 million in 2016 which was then followed by the departure of longtime CEO Andrew Edwards and the subsequent appointment of Arman Tahmassebi to the company's top management spot, LeapRate has learned that FCA regulated broker ETX Capital was able to turn things around in 2017, posting a modest profit of…
Read more
FCA regulated Retail Forex, CFDs and Spread Betting broker London Capital Group Holdings plc (NEX:LCG) has announced its financials for the first half of 2018, reporting its best results in a number of years. Overall, LCG brought in £18.6 million in Revenues in the first 6 months of 2018, up by 28% over the second half…
Read more
Retail forex broker FXCM Group, LLC has just announced that clients trading with Forex Capital Markets Limited (FXCM UK) and FXCM Australia Pty Limited (FXCM AU) can now begin trading the first crypto CFD, Bitcoin (BTC/USD). With a successful launch to FXCM South Africa (PTY) LTD (FXCM ZA) clients and due to client demand, FXCM…
Read more
Forex and CFD technology solutions provider Spotware Systems has just announced that its cTrader ID Site, a personal cabinet of cTrader platform users holding a cTrader ID, has been completely revamped and relaunched, becoming an ultimate gateway to the cTrader ID features and benefits. Commenting on the launch, Panagiotis Charalampous, Head of Community Management at Spotware,…
Read more
LeapRate Exclusive... LeapRate has learned that FCA regulated institutional FX brokerage group Sigma Broking Limited has sold its CFD and spread betting arm Sigma Trading to Gibraltar based InterTrader Limited. InterTrader is the Retail financial trading arm of gaming giant GVC Holdings PLC (LON:GVC), and also provides liquidity services to Retail FX platforms. GVC is one of…
Read more
LeapRate has learned via regulatory filings that FCA regulated online CFDs broker Plus500 Ltd (LON:PLUS) has acquired another large institutional shareholder, with US investment giant BlackRock Inc. (NYSE:BLK) picking up a 7.02% interest in Plus500. At current market prices of £14.48 for PLUS the BlackRock stake in Plus500 is worth £115.8 million (USD $152 million). Most of the…
Read more
London based online FX, CFDs and spreadbetting broker CMC Markets Plc (LON:CMCX) has issued a Trading Update ahead of the close of the company's Fiscal 2019 second quarter at the end of September, indicating that it is forecasting a greater-than-expected drop in Revenues for the full year (which ends for CMC on March 31, 2019). CMC…
Read more
LeapRate Exclusive... After tripling its Revenue in 2016, LeapRate has learned via filings made in the UK and Australia that ThinkMarkets UK had a more reserved year in 2017, with Revenue, Profit and Client Deposit activity basically mirroring that of the previous year. ThinkMarkets UK revenue for 2017 came in at £3.79 million (USD $5 million), versus £3.82…
Read more
LeapRate Exclusive... Further to our exclusive report back in March that MENA and New Zealand FX brokerage group Direct Trading Technologies (DTT) is in the latter stages of applying for and receiving an FCA license, LeapRate has learned that Direct Trading Technologies UK Ltd has been approved by the UK financial conduct authority (FRN: 79589) and plans…
Read more