China’s Geely and Finland’s Sampo take control of Saxo Bank, buy out TPG Capital and SinarMas LeapRate

October 02, 2017 BY LeapRate Staff

China's Geely and Finland's Sampo take control of Saxo Bank, buy out TPG Capital and SinarMas

Saxo Bank has a new majority owner. The Copenhagen based multi asset online broker has announced that Finland's Sampo Oyj (HEL:SAMPO) is becoming a new shareholder in Saxo Bank, joining China's Geely Group which will now become Saxo Bank's largest (and controlling) shareholder. Geely and Sampo will jointly buy out the other two main outside shareholders…

October 01, 2017 BY LeapRate Staff

Exclusive: FX and CFDs broker GKFX grows Revenues 32% in 2016 to £69 million

LeapRate Exclusive... LeapRate has learned that FCA licensed Spreadbetting, FX and CFDs broker GKFX Financial Services Limited has seen a fairly impressive growth spurt, and - having raised an additional $15 million earlier this year - seems poised for more. GKFX reported that Revenues for the 16 month period September 2015 through December 2016 came…

September 28, 2017 BY LeapRate Staff

CMC Markets reports increased profits in first half of Fiscal 2018, but fewer clients

FCA regulated online CFD brokerage house CMC Markets Plc (LON:CMCX) has issued its H1 2018 Pre-Close Trading Update (for the six months to September 30, 2017 - CMC has a March 31 fiscal year end), which included what we view as mixed results. The positive? CMC reported that profitability in H1 2018 is significantly higher than…

September 28, 2017 BY LeapRate Staff

LCG turnaround continues with trading volumes up 25%, narrowed losses in 1H 2017

Retail Forex, CFDs and Spread Betting broker London Capital Group Holdings plc (LON:LCG) has released its results for the first six months of 2017, indicating that the company is indeed well along in its restructuring and turnaround, but still has a long way to go. On the top line, LCG was able to generate healthy revenue…

September 27, 2017 BY LeapRate Staff

Exclusive: Former IBCFX owner and Labor Party member Nizar Alemi arrested in Israel

LeapRate Exclusive... LeapRate has learned from sources in Israel that Adv. Nizar Alemi has been arrested for tax evasion, involving foreign Forex brokerage companies and bank accounts which he declined to report to local tax authorities. Mr. Alemi was the owner of IBCFX, which for a number of years was a popular Retail FX brand…

September 27, 2017 BY LeapRate Staff

Tickmill acquires Retail FX broker Vipro Markets

Consolidation continues in the Retail Forex market, with the latest contestants in the merger game being FCA regulated Tickmill acquiring CySEC licensed Vipro Markets. The acquisition was effected by Tickmill injecting $2.2 million of new capital into Cyprus-based Vipro Markets Ltd, in return for a majority stake in the company. We understand that operating conditions…

September 27, 2017 BY LeapRate Staff

Plus500 indicates Revenues continue to be 'ahead of expectations' in Q3 Trading Update

CFD broker Plus500 Ltd (LON:PLUS) issued its customary end-of-quarter Trading Update today, indicating that both Revenues and Profits are on track to be ahead of expectations. Plus500 did not give any specific numbers or targets. Plus500 reported a "monster" quarter in Q2, as the company has grown to become the #2 UK CFD broker behind only…

September 27, 2017 BY LeapRate Staff

Exclusive: New FX broker ProbusFX gets CySEC license, hires Squared Financial's Youssef Barakat as CEO

LeapRate Exclusive... The new, stricter rules governing FX and CFD brokers issued by Cyprus financial regulator CySEC late last year do not seem to be deterring a new generation of brokers from setting up shop in the island nation. LeapRate has learned that CySEC has issued a new CIF license to a Lebanon based investor…

September 26, 2017 BY LeapRate Staff

Exclusive: Plus500 denied financial services license in Bulgaria

LeapRate Exclusive... LeapRate has learned that Plus500 BG EOOD, the Bulgarian subsidiary of global CFD broker Plus500 Ltd (LON:PLUS), has been denied by the country's financial regulator Financial Services Commission (FSC) in its application to receive a financial services license in Bulgaria. The regulator did not state a reason for its decision. Plus500 has more…

September 26, 2017 BY LeapRate Staff

Exclusive: FX broker Infinox (formerly Go Markets UK) doubles its Revenues in 2017 to £17.5 million

LeapRate Exclusive... LeapRate has learned via regulatory filings that FCA regulated retail FX and CFDs broker Infinox Capital Limited has had a very successful first year after it rebranded from Go Markets UK. Revenues at Infinox more than doubled during 2017 (the company has a March 31 fiscal year end) to £17.5 million (USD $24…

Category: Brokers

China's Geely and Finland's Sampo take control of Saxo Bank, buy out TPG Capital and SinarMas

Exclusive: FX and CFDs broker GKFX grows Revenues 32% in 2016 to £69 million

CMC Markets reports increased profits in first half of Fiscal 2018, but fewer clients

LCG turnaround continues with trading volumes up 25%, narrowed losses in 1H 2017

Exclusive: Former IBCFX owner and Labor Party member Nizar Alemi arrested in Israel

Tickmill acquires Retail FX broker Vipro Markets

Plus500 indicates Revenues continue to be 'ahead of expectations' in Q3 Trading Update

Exclusive: New FX broker ProbusFX gets CySEC license, hires Squared Financial's Youssef Barakat as CEO

Exclusive: Plus500 denied financial services license in Bulgaria

Exclusive: FX broker Infinox (formerly Go Markets UK) doubles its Revenues in 2017 to £17.5 million

SEC Announces Settlement Agreement With Ripple and Two Executives

Coinbase to Acquire Crypto Options Exchange Deribit for $2.9bn

Webull Financial Hit With $1.6m Fine By FINRA

HSBC Announces TradePay For Import Duties Amid Tariff Uncertainty

StoneX Revenues Rise, But FX/CFD Contracts Segment Declines in Q2