FCA regulated online CFD brokerage house CMC Markets Institutional (LON:CMCX) has announced that it will be offering its eligible existing and new clients the opportunity to switch to its new CMC Pro account. Following the recent announcement by the European Securities and Markets Authority (ESMA), retail clients will no longer be able to trade using…
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Continuing a very strong start to the year in which it saw more than a trillion dollars of trading volumes in Q1, FCA and CySEC licensed Retail FX broker Exness has reported that April client volumes came in at $364.3 billion. April volumes were actually down 3% from March's record $375.4 billion, but still represent…
Read moreFor the second month in a row, it looks like Forex and multi-asset trading volumes have fallen by more than 20% at Copenhagen based Retail FX broker Saxo Bank. After reporting record volumes in February, total volumes fell by 23% in March and now again by another 21% in April at Saxo Bank. For April,…
Read moreInvestment company Leucadia National Corp (NYSE:LUK) - which is in the process of rebranding itself to Jefferies Financial Group - has issued its 10Q quarterly report for Q1-2018, providing an update among other things on its outstanding loan to Retail FX broker FXCM Group. In the big picture, Leucadia reported that to date (as of March…
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Private equity firm CVC Capital has made another acquisition in the online space. Several months after partnering with Blackstone in the $4 billion buyout of online payments specialist Paysafe, CVC has acquired retail FX broker OANDA. The price and other terms of this deal, however, were not announced. The press release follows: CVC Capital Partners…
Read moreRetail forex broker FXCM Group, LLC announced that it has today launched an Effective Spread Widget. The widget shows the FXCM quoted spread for its top FX pairs, overlaid with the spread at which trades were filled (the Effective Spread), the difference being clearly displayed in a table key. FXCM launches a brand new tool…
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LeapRate Exclusive... LeapRate has learned that FCA regulated CFDs and spreadbetting broker Capital Index (UK) Limited, owned by author and self proclaimed Master Trader Greg Secker (pictured above), posted a net profit of £398,000 in 2017 although the company saw a decline in both Revenues and Client Funds held. Revenues for 2017 at the MT4 broker…
Read moreCanadian provincial financial regulator The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) has announced that it has issued a Temporary Cease Trade Order against Ava Trade Limited. The FCAA stated that AvaTrade appears to be operating an unregistered online platform that allows users to trade in Forex and Contracts for Difference (CFDs). FCAA Deputy Director…
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All we can say is: Wow! Yes folks, the graph below is not in error. After posting several consecutive quarters of record revenues above $100 million, FCA regulated CFDs broker Plus500 Ltd (LON:PLUS) has reported one of the most astonishing financial reports we've ever seen here at LeapRate. Revenues more than doubled from Plus500's best ever…
Read moreLeapRate Exclusive... LeapRate has learned that ADS Securities London Limited, the FCA regulated UK arm of Abu Dhabi based global financial concern ADS Securities, has continued to grow - and has turned profitable after several years of investment by the parent company. Revenues at ADS Securities UK came in at £5.4 million (USD $7.5 million)…
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