After seeing a fairly slow start to the fall trading season, retail forex broker FXCM has posted fairly strong FX trading volume metrics for November. FXCM volumes were $218 billion in November, up 14% from $192 billion in October. Average customer trading volume per day of $9.9 billion in November was also 14% higher than…
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Continuing to cement its spot among the world's leading Retail FX brokers, FCA and CySEC regulated broker Exness has reported record FX trading volumes for the month of November, topping the rarefied air above the $300 billion mark for just the second time. Exness has reported that forex trading volumes in its system came in at $324.4 billion…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that the long-planned merger of publicly traded Nukkleus Inc (OTCMKTS:NUKK) and related Retail FX broker FXDD with rival broker IronFX has been called off. The original deal, set in June of last year, called for a multi-stage and somewhat complicated set of transactions which would see IronFX as…
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LeapRate Exclusive... LeapRate has learned that Cyprus financial regulator CySEC has granted a CIF license to a new company called RZT Capital Ltd, with plans to launch as a Retail FX broker. RZT Capital is owned by Jin Liu, an Australia-based Chinese national who has been a Manager at ASIC regulated Ruizean Group for the…
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UK FCA regulated global provider of FX and CFD brokerage services Tickmill just announced the launch of its Vietnamese language website following rapid expansion in the Vietnamese market. This is an integral part of Tickmill's ongoing effort to offer localised solutions for traders all over the world. Its Vietnamese website offers advanced functionalities, user-friendly features,…
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LeapRate Exclusive... LeapRate has learned that Sydney, Australia based Retail FX broker AxiTrader has grown its FCA regulated UK operation, AxiCorp Limited, by more than 40% in Fiscal 2017. AxiCorp has a June 30 fiscal year end. Revenues at AxiTrader UK were £3.0 million (USD $4.0 million) in fiscal 2017, up 41% from £2.1 million…
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UK online trading leader IG Group Holdings plc (LON:IGG) today issued a Trading Update ahead of entering its close period following the end of the first half of its fiscal 2018 year. IG Group has a May 31 fiscal year end, so its first-half 2018 results are for the six month period ended November 30,…
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Regulatory filings made with US securities authorities indicate that two co-founders and original senior members of FXCM’s management team – Drew Niv (pictured above) and David Sakhai – have continued selling their remaining shares of Global Brokerage Inc (NASDAQ:GLBR), after recently converting their special “units” into regular Class A common shares of Global Brokerage. FXCM's founders, and several other members…
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LeapRate Exclusive… LeapRate has learned that the FCA regulated arm of China based online brokerage group Formax Group has gone live with a new website and FX-ECN brokerage service under the moniker Formax Prime, at formaxprime.co.uk. Formax's former UK website formaxmarket.co.uk now also leads directly to the new site. We had exclusively reported during the summer…
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Contrary to erroneous reports which have appeared on certain blogs, Warsaw based X Trade Brokers Dom Maklerski SA (WSE:XTB), which operates Retail Forex broker XTB.com as well as the X Open Hub trading platform, has indicated in regulatory filings that it does indeed plan to carry forward its plans to leave the Turkish Retail FX market,…
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