LeapRate Exclusive... LeapRate has learned via regulatory filings that GMO-Z.com Trade UK Limited, the FCA regulated arm of Japan Retail FX giant GMO Internet Inc. (TYO: 9449), has more than tripled its Revenues in its first full year of operation in the UK. Still small by UK and its own standards as business still ramps up,…
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LeapRate Exclusive… LeapRate has learned via regulatory filings made in the UK and Singapore that PhillipCapital UK Ltd, which operates the FCA regulated FX and CFD brokerage which goes by the same name, has seen a significant drop in activity for the second year in a row in Fiscal 2017. (The company has a June 30 year…
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Retail and Institutional FX brokerage group Gain Capital Holdings Inc (NYSE:GCAP) has issued a formal statement following this morning's news that pan-European financial regulator ESMA is following through on plans to ban Binary Options and (more importantly) cap leverage in Forex and CFD trading to 30x. GAIN Capital operates the retail Forex.com and City Index brands,…
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Online trading services provider AT Global Markets Limited (ATFX) has announced its third office launched since its entry into Southeast Asia in 2017 with the launch of a new office, AT Global Markets Malaysia, in Austin Heights, Johor Bahru. ATFX looks to continue to accommodate rapid growth and leverage the diverse high-technology talent pool, having…
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Darwinex, the UK Financial Conduct Authority (FCA) regulated FX asset manager and brokerage, announced that it has launched MetaQuotes' multi-asset platform MetaTrader 5. The company offers clients DMA execution at competitive rates, combined with access to more than $50 million in 3rd party capital managed by Darwinex. It is most famous for creating a transparent social…
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After reporting record Revenues for the first half of Fiscal 2018 (the company has a May 31 year-end), UK online trading leader IG Group Holdings plc (LON:IGG) has gone one better in Q3 (quarter ended February 28, 2018), reporting best-ever Revenue of £152.9 million. IG's previous best ever quarter was Q1-2018, when Revenues hit £135.2 million.…
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Following our exclusive report from earlier this month revealing that FCA regulated Retail FX, CFDs and spreadbetting broker London Capital Group is going to be taken private by CEO Charles-Henri Sabet, the company has announced that a shareholders meeting was held yesterday and that the proposed transaction (see more details below) was approved as planned. The going-private…
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Leading social trading and investment platform eToro has announced a Series E fundraising of $100 million to support its expansion into new markets as well as its continued research and development of blockchain technology and the digitisation of assets. Led by China Minsheng Financial, the round of funding was participated in by SBI Group, Korea…
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Retail FX and CFD broker Plus500 Ltd (LON:PLUS) has just released its annual report for 2017. For the full year 2017, Plus500 brought in $437.2 million in Revenues and earned Net Profit of $199.7 million, both best-ever results for the Forex and CFDs broker. The highlights for 2017 at Plus500 can be seen below: Financial…
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LeapRate Exclusive... LeapRate has learned that Japanese online and FX trading giant GMO Financial Holdings (TYO:7177) has invested an additional £2 million (USD $2.8 million) of capital into its FCA regulated UK subsidiary, GMO-Z.com Trade UK Limited, which operates the Z.com Trade brand. GMO is the world's largest Retail FX broker, mainly based on its leading…
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