LeapRate Exclusive... LeapRate has learned via regulatory filings that FxPro UK Limited, the FCA regulated arm of global Retail FX broker FxPro, saw a healthy increase in activity in 2016. FxPro UK grew its Revenue base by 64% in 2016 to £3.2 million, up from £1.97 million in 2015. The company turned in a Net Profit of £1.1…
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LeapRate Exclusive... LeapRate has learned that FCA regulated Retail FX and CFDs broker Valutrades will soon be posting its financial statements with regulatory authorities, indicating that the company continued to grow its revenue base in 2016. However, the growth has come at the cost of increased losses at Valutrades, leading the company's shareholders to put…
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Global forex broker Admiral Markets has made an announcement, addressed to all its clients with "older" accounts on the AM-Live trading server. The announcement contains a number of changes aimed at providing up-to-date trading conditions to obsolete account types in order to improve our quality of service and provide better compliance with the current regulatory…
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UK online trading leader IG Group Holdings plc (LON:IGG) today announced the following update on its revenue for the three months to 31 August 2017, the first quarter of its 2018 financial year. The trends and figures highlighted below refer to this period and the corresponding period last year. IG delivered a record revenue quarter,…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that GAIN Capital UK Limited, the FCA regulated subsidiary of global FX broker Gain Capital Holdings Inc (NYSE:GCAP), saw a significant pickup in both Revenues and Profits in 2016. Fiscal year 2016 represented the first full year in which the results of City Index were included in GAIN…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that FCA licensed futures, options and spot forex broker Berkeley Futures Limited has seen a nice turnaround in its business, reporting a modest 4% increase in Revenues in its 2017 fiscal year (ended April 30 2017) to just under £10 million. Last year, in 2016, Berkeley Futures…
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FCA and ASIC regulated retail FX and CFD broker ThinkMarkets has announced that it has expanded its offering of CFD trading to the four most liquid crypto currencies. The firm added Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and Litecoin (LTC) CFDs to its MT4 and Trade Interceptor trading platforms. The dual regulated broker is now…
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LeapRate Exclusive... LeapRate has learned that former ThinkMarkets Australia General Manager Athol Nourse has gone live with his new Retail FX broker, called Champion FX (at champion-fx.com). Champion FX is being launched as a 50-50 joint venture between Mr. Nourse and Binary.com, a licensed binary options platform with its base in Malta and back office…
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This is clearly in a different league than some of the recent Forex Sports Sponsorships and brand ambassador-ships we’ve been reporting on the past while, which have become a very hot issue in the FX industry of late. Japanese online e-commerce giant Rakuten Group has inked a three-year, eight figure deal to become a shirt…
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Copenhagen based online brokerage provider Saxo Bank has reported a nice 4% increase in August trading volumes, at $348.4 billion, up from $336.4 billion in July. While Saxo Bank saw healthy double digit percent increases in its non-FX products of Fixed Income (up 14%), Commodities (31%) and Equities (12%) during August, its core FX trading volumes…
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