Retail FX broker FXCM continued its strong start to 2018, reporting overall FX trading volumes of $239 billion. That ranks just 4% below January's $250 billion, but given that February had fewer trading days than January (20 versus 22), February's $12.0 billion average daily volume was actually 5% above January. Keeping in mind, that January…
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LeapRate Exclusive... LeapRate has learned that FCA regulated Retail FX, CFDs and spreadbetting broker London Capital Group is going to be taken private by CEO Charles-Henri Sabet. Mr. Sabet and his investor group GLIO Holdings already control the publicly traded parent company London Capital Group Holdings PLC (which we'll call 'Holdings'), with a 78.1% holding. However…
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After reporting record trading volumes of $334 billion to open 2018 in January, FCA and CySEC licensed Retail FX broker Exness saw something of a slowdown during February, with volumes retreating by 13% in February to $290.5 billion. We would note, however, that there were two less trading days in 28-day February than January (20 trading…
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Further to our report last night that the founding group of CFD broker Plus500 Ltd (LON:PLUS) was planning to sell some of its stake in the company in a secondary share sale organized by broker Liberum Capital, Plus500 this morning announced that the deal was completed, on the terms which were expected. Plus500's founders (see list below)…
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As we had reported they would back in early January, Swiss online banking and brokerage leader Swissquote Group Holding SA (SWX:SQN) has reported record results for 2017, driven in part by large numbers of new account openings from a new generation of cryptocurrency traders. Our analysis also shows that Swissquote's eFX business had its best period…
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After the close of trading Thursday afternoon, CFD broker Plus500 Ltd (LON:PLUS) announced that a group of its founders, none of whom is involved any more in the day-to-day management of the business, are selling about a third of their remaining aggregate holdings in the company, in a secondary share sale organized by broker Liberum Capital.…
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After recently adding Portuguese and Vietnamese language websites, FCA regulated Retail FX and CFDs broker Tickmill has announced the launch of a Malay language website, targeting expansion in the Malaysian market. The company said that the launch of a dedicated website that delivers product information and content of specific relevance to its fast-growing Malaysian client base…
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China based Retail FX brokerage company TigerWit Group has announced that it has secured a USD $5 million investment from US technology investment and venture capital firm Susquehanna International Group (SIG). The company stated that this capital will enable TigerWit to further advance its mobile-focused trading technology and invest in new innovative technologies to enhance the…
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Some interesting disclosures in the just-filed annual report "10-K" form from investment company Leucadia National Corp (NYSE:LUK) have shed some more light on Leucadia's loan to Retail FX broker FXCM. Leucadia made a $300 million emergency rescue loan to FXCM in January 2015, after FXCM took heavy losses in the hundreds of millions of dollars from…
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FCA regulated Retail FX and CFDs broker Admiral Markets UK Ltd. has issued a warning on its website, regarding a company calling itself Admiral Crypto at website domain admiral-crypto.com. The admiral-crypto.com site is in French, with an English language option as well. On its site, Admiral Crypto states that is "an entity of Admiral Markets UK Ltd".…
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