Gain Capital Holdings Inc (NYSE:GCAP) has just reported its operating metrics for the month of July 2018. After a very strong first half of the year, the numbers begin 2H-2018 a little slower at FOREX.com and City Index, Gain's two main Retail trading brands, though mainly due to typically slow summer trading and quieter market…
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It is rare that a company reports a 43% quarterly drop in Revenues, but you could still call that quarter a successful and strong one. Well that seems to be the case with Plus500's Q2 results. After surprising the markets (and anyone else who follows the FX industry) with an absolutely astounding Q1 which saw…
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CySEC licensed online trading platform Libertex has announced that it has added 11 new contracts for difference (CFDs). Now one can trade major exchange-traded funds (ETF) and the dollar index USDX using Libertex's trading platform. The contracts for the following ETFs are available in Libertex: SPDR S&P 500 ETF Trust iShares Latin America 40 ETF…
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LeapRate Exclusive... LeapRate has learned that global Retail FX brokerage Blackwell Global successfully upgraded the FCA license of its UK arm Blackwell Global Investments (UK) Limited, to a full-scope "IFPRU €730k" license. The new license became effective as of August 1. Blackwell Global UK's previous license, received in early 2016 as was also exclusively reported…
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LeapRate Exclusive Interview... There has been a lot of change swirling lately at global broker ADSS - a rebranding of the company from ADS Securities, senior management changes, preparing for ESMA, and dealing with a new cryptocurrency trading clientele. We are very pleased to speak today with Mathieu Ghanem, Managing Director, Global Head of Sales and Marketing…
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Leading Swiss online banking and brokerage firm Swissquote Group Holding SA (SWX:SQN) has announced that it has acquired Luxembourg based online bank and investment firm Internaxx Bank S.A. for €27.7 million. The company said that the acquisition of Luxembourg-based Internaxx - which advertises itself as an investment firm for the expat community - gives Swissquote…
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Continuing a somewhat troubling downward trend (see chart below), Copenhagen based Retail FX broker Saxo Bank has released data indicating that client FX and multi asset trading volumes in its system decreased by 17% during July, totaling $316 billion versus $380 billion in June. Within that total FX trading volumes were down 19%, to $226 billion,…
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After reporting record results in Q1 things seems to have cooled off somewhat during Q2 at X Trade Brokers Dom Maklerski SA (WSE:XTB). X Trade Brokers, which operates Retail Forex broker XTB.com as well as the X Open Hub trading platform, reported that Q2 2018 Revenues came in PLN 84.2 million (USD $22.8 million), down 26% from Q1's record at…
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Consolidation in the Retail FX space continues. Australian-owned Retail Forex and CFDs brokerage group AxiCorp, which primarily operates the AxiTrader brand, has announced that it will acquire FCA regulated C B Financial Services Ltd, which operates the One Financial Markets (OFM) brand. The deal is predominantly cash-based and will be subject to customary regulatory approvals.…
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Estonia based Retail FX brokerage group Admiral Markets has announced that its MetaTrader 5 offering just received another expansion. The company's clients now have access to: 306 new CFDs on ETFs on the Admiral.MT5 account; 177 new ETFs on the Admiral.Invest account. These new instruments allow clients to gain exposure to a variety of markets…
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