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…
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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…
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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,…
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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…
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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…
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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…
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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…
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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…
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UK online trading leader IG Group Holdings plc (LON:IGG) has released its first quarter 2019 revenue update - IG Group has a May 31 fiscal year end, so the period covered in Q1-2019 is June through August 2018. Importantly, that includes two months of a ban on binary options (which kicked in at the beginning…
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LeapRate Exclusive... LeapRate has learned that a number of EU based Retail FX and CFD brokers have been sending out emails to their clients and IBs/Affiliates, reminding them that they cannot formally market out-of-EU accounts to clients. But, reminding them that the clients may themselves, of their own initiative, seek out foreign brokers and open…
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