FXCM Group supports ESMA’s proposed 30x Forex and CFD leverage cap LeapRate

December 19, 2017 BY Valentina Kirilova

FXCM Group supports ESMA’s proposed 30x Forex and CFD leverage cap

Retail forex broker FXCM Group has also released a statement in support of yesterday's announcements by the European Securities and Markets Authority (ESMA) and the Financial Conduct Authority (FCA) relating to additional customer protections. Further, FXCM hopes this leads to harmonized regulations across Europe. FXCM has long been in full compliance with most of the proposed…

December 19, 2017 BY LeapRate Staff

Forex sports sponsorship: Aetos becomes shirt sponsor of Australia A-League club Sydney FC

Continuing our exclusive coverage of the different ways that Retail FX brokers are putting their marketing budgets into sports related sponsorships of all kinds, LeapRate can report that ASIC and FCA licensed Aetos Capital Group has announced a deal which will see it become the main "shirt" sponsor of Sydney FC. Sydney FC are the defending champions…

December 18, 2017 BY LeapRate Staff

Saxo Bank says it welcomes ESMA's proposed 30x Forex and CFD leverage cap

Copenhagen based multi asset broker Saxo Bank has issued a statement coming out strongly in favour of new FX and CFD brokerage rules proposed by pan-European financial regulator ESMA. At the center of ESMA's proposals - which include a Binary Options ban, required negative balance protection, and a ban on incentive bonus payments to retail…

December 18, 2017 BY LeapRate Staff

Forex Sports Sponsorship: Russian FX broker TeleTrade backs Premier League club Burnley FC

Russia based online broker TeleTrade and Premier League club Burnley FC have announce their partnership, whereby TeleTrade will be designated as the Official Forex Trading Sponsor of Burnley FC. Burnley FC is one of the major success stories of late in English football. The small-market team - Burnley is a town of about 75,000…

December 18, 2017 BY LeapRate Staff

Shares of Hong Kong FX broker KVB Kunlun tumble 18% after move to HKEX Main Board

Management of Hong Kong retail forex broker KVB Kunlun Financial Group Ltd (HKG:6877) probably had other ideas when they decided to move the company's share listing from the HKEX's Growth Enterprise Market (or GEM), Hong Kong's version of the LSE's AIM market, to the HKEX Main Board. KVB Kunlun saw its shares tumble by 18%…

December 14, 2017 BY LeapRate Staff

Exclusive: Betfred's CFD unit TradeFred activates CySEC license, EU website goes live

LeapRate Exclusive... Further to our exclusive coverage of gaming giant Betfred's plans to enter the world of online FX and CFD trading with the launch of the new TradeFred brand, and that the company had received a CIF license from Cyprus regulator CySEC, LeapRate has learned that TradeFred has activated its CIF license and has…

December 14, 2017 BY LeapRate Staff

Exclusive: GMO’s Z.com Trade raises leverage on major FX pairs trading to 200x

LeapRate Exclusive... LeapRate has learned that Z.com Trade, the FCA regulated brokerage arm of Japanese retail forex giant GMO Click Holdings Inc (TYO:7177) has issued a notice to clients that it will be changing trading conditions on a number of products and accounts. The changes at Z.com Trade will become effective next Monday, December 18. The key…

Robinhood commission free options trading

December 13, 2017 BY LeapRate Staff

Robinhood takes further aim at US discount brokers with commission-free options trades

Zero-commission online brokerage Robinhood, which launched three years ago with plans to shake up the US (and eventually international) online brokerage market, has announced the launch of commission-free options trades. Robinhood began with a limited release of its options trading today, with plans to expand to what it calls a "full release" early in 2018.…

December 13, 2017 BY LeapRate Staff

LCG lists its shares on the NEX Exchange Growth Market

FCA regulated Retail Forex, CFDs and Spread Betting broker London Capital Group Holdings plc (LON:LCG) has announced that effective today its shares will be listed on the NEX Exchange Growth Market. LCG shares will also continue to be listed on London Stock Exchange's AIM. The NEX Exchange Growth Market, or "the other London stock exchange", is operated by NEX…

December 12, 2017 BY LeapRate Staff

Global Brokerage gets approval for Chapter 11 restructuring and delisting, shares plunge

Global Brokerage, Inc. (NASDAQ:GLBR), formerly known as FXCM Inc, announced that 78.5% of the holders of its $172 million of outstanding Convertible Notes voted to approve the company's reorganization plan. The plan will see GLBR enter Chapter 11 bankruptcy reorganization, with the convertible notes "converted" to become non-convertible, their interest rate hiked from 2.25% to 7%,…

Category: Brokers