After posting 60% revenue growth last year, UK-based foreign exchange service provider Alpha FX Group plc (AIM:AFX) has issued a strong Trading Update for the six month period ended June 30, 2018. The company stated that it is pleased to report that revenue for the period is expected to be approximately £9.6 million (USD $12.7 million), representing…
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CySEC regulated online brokerage and investment company RoboMarkets has announced that it has signed an official partnership agreement with BC Žalgiris. Under this Agreement, RoboMarkets becomes an official sponsor of BC Žalgiris in the Lithuanian Basketball League (LKL) during the 2018/2019 season. Žalgiris is a basketball club based in Kaunas, Lithuania. It was founded back in…
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London based Forex, CFDs and cryptocurrency derivatives trading broker ThinkMarkets has announced that it is extending its £1 million insurance cover to include Elective Professional Traders. Regulated by the UK’s financial watchdog, the FCA, since 2015, and under the supervision of ASIC in Australia, ThinkMarkets stated that it is not only overseen by some of the…
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Continuing a string of fairly anemic volume reports we have seen for the month of June 2018 from leading Retail and Institutional FX platforms, Gain Capital Holdings Inc (NYSE:GCAP) has reported that retail volumes - consisting mainly of activity at its FOREX.com unit, as well as City Index - declined by 12% from May, coming…
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Continuing something of a slump for the Copenhagen based Retail FX broker, Saxo Bank has released data indicating that client FX and multi asset trading volumes in its system decreased by 6% during June, totaling $380 billion versus $405 billion in May. By contrast, Saxo Bank averaged volumes of $527 billion monthly in the first…
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LeapRate Exclusive… LeapRate has learned that Estonia based Retail FX brokerage firm Admiral Markets Group AS has posted a nice 17% rise in Revenues for 2017, with the company bringing in €27.0 million (USD $31.6 million), versus €23.0 million in 2016. Most of the growth came in the second half of the year, with 2H-2018…
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Retail FX broker FXCM has announced that its volumes in June were down by 5% month-over-month, $202 billion versus $212 billion in May. We are expecting a (quiet) rebranding of FXCM in the coming weeks. FXCM incorporated the name of its parent company Leucadia into its logo a few months back. However Leucadia recently renamed itself Jefferies Financial…
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FCA and CySEC licensed Retail FX broker Exness has reported June FX trading volumes of $308.6 billion - down 22% from May's record $395 billion, but still very strong from a historical perspective. Exness averaged $269 billion in monthly volumes during 2017. Overall in the first half of 2018, Exness saw a total of $2.068 trillion of client…
Read moreCyprus financial regulator CySEC has announced that at its meeting of June 25, 2018, it has decided to wholly withdraw the Cyprus Investment Firm (CIF) authorisation license with number CIF 159/11 of the company Blackwell Global Investments (Cyprus) Ltd. CySEC did not give any specific reason for its decision. However we understand that the giving up…
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For the second day in a row, we have news of a fairly well known name in the Retail FX and CFDs sector rebranding. After our report yesterday breaking the news that Abu Dhabi (and London and Hong Kong) based ADS Securities was rebranding to ADSS, now we have learned that CySEC licensed iFOREX.com -…
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