Plus500 Ltd (LON:PLUS) just keeps on rolling. In a summer quarter in which a number of its competitors have reported tepid operating and financial results citing low currency volatility and a "typical" slow summer vacation trading season, CFD broker Plus500 followed up its record Q2 with an even better set of results for Q3. After…
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Shares of Retail and Institutional FX broker Gain Capital Holdings Inc (NYSE:GCAP) rose 20% on Friday, after the company reported its Q3 results after markets closed on Thursday evening. GAIN shares closed the week at $7.35, up more than $1 from Thursday's close of $6.14. This also represents GAIN Capital shares' highest trading level since May.…
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LeapRate Exclusive... LeapRate has learned that Russia based Retail FX broker Alpari has initiated its return to the EU market, receiving an investment brokerage license from Latvia's financial regulator FKTK. Alpari has established Latvian subsidiary Alpari Europe IBS AS, which will be part of the international financial brand Alpari. The FKTK license was received earlier…
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Swiss interdealer broker Compagnie Financière Tradition SA (SWX:CFT) has reported preliminary summary results for Q3 2017, indicating continued weakness in its Japan Retail FX business, Gaitame.com. Overall, in the third quarter, consolidated revenue at Tradition was CHF 189.4 million (USD $190 million), compared with CHF 187.5 million in the same period in 2016, representing an…
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GAIN Capital Holdings, Inc. (NYSE: GCAP), the global provider of online trading services, and its Forex.com retail forex unit announced financial results for the third quarter of 2017, indicating that: Net revenue increased 13% year-over-year to $81.3 million GAAP net loss of $2.6 million, or $0.04 per share; adjusted net income of $2.1 million, or $0.05…
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Gland, Switzerland based online banking and brokerage leader Swissquote Group Holding SA (SWX:SQN) has announced plans to expand its regulated operation in Malta, as it held an event to celebrate five years as a licensed entity on the EU island country. Since its incorporation in October 2012, Swissquote Financial Services (Malta) Ltd has developed into…
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LeapRate Exclusive... LeapRate has learned that the shareholder of Vantage Global Prime Pty Ltd, the parent company of leading Australia based Retail FX and CFD broker Vantage FX, is expanding into the UK via the acquisition of FCA regulated Retail FX broker Atom8 Financial Services LLP. Atom8 was established in 2013 by former JP Morgan…
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Australia based financial research house Investment Trends has released its 2017 France CFD and FX Report, an in-depth study of French CFD and FX traders’ attitudes and investing habits. The study is based on a large-scale survey of over 6,000 investors and traders concluded in July 2017. Key highlights from the Investment Trends 2017 France…
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A new report issued by Australia based research house Investment Trends has, not surprisingly, found that the US Retail and margin trading FX sector has taken a big hit in 2017, following the (forced) exit from the market earlier this year of former #1 broker FXCM. FXCM, and its founder and CEO Drew Niv, were banned…
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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 issued Q3 results indicating continued improved performance for the company, as XTB continues to recover from what was a very slow start to the year. XTB continued its quite unusual pattern of…
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