Retail forex broker FXCM, the operating unit of Global Brokerage Inc (NASDAQ:GLBR), reported fairly healthy FX trading volumes for the month of August, in line with what we've seen from a number of other leading eFX providers. FXCM volumes were $223 billion in August, up 13% over July, making the month one of FXCM's best…
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Special administrator RSM Restructuring Advisory LLP (formerly known as Baker Tilly Restructuring and Recovery LLP) has filed an update on its work on the bankruptcy of retail forex broker LQD Markets. LQD Markets went belly-up in the wake of the January 2015 Swiss Franc spike – meaning that some former clients are still waiting for their…
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Continuing a very good month for some of the world's leading eFX providers, FX brokerage group Gain Capital Holdings Inc (NYSE:GCAP) has reported a very nice month of August, with double digit percent increases in trading volumes in both its Forex.com retail forex unit as well as in institutional volumes. Forex.com saw one of its best…
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FCA regulated Retail FX and CFDs broker Hantec Markets has announced an agreement with West Ham United as the Club’s new official FX partner. Hantec Markets join West Ham United at an exciting time, as the East London club embark on their second season at the iconic London Stadium. And Hantec Markets, as was exclusively reported…
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SBI FX Trade Co., Ltd. established as a pure-play forex brokerage company from Japan-based financial services group SBI Holdings Inc (TYO: 8473) announced today an extension of their spreads campaign now through Saturday 14 October. Since Monday 28 August, SBI FX Trade decreased their spreads by 61% on 8 currency pairs to extremely thin margins by…
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LeapRate Exclusive... LeapRate has learned that FCA regulated Retail FX and CFDs broker Hantec Markets has gone live with a new and redesigned website and client portal. And, that the broker - which had a great 2016 fiscal year with Revenues up 62% and client assets doubling to £21 million - seems to have improved on…
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LeapRate Exclusive... Further to our exclusive coverage of Swiss FX broker Dukascopy's first half 2017 results, LeapRate has received a formal response and explanation from company executive Laurent Bellieres, Chief Financial and Chief Risk Officer, as to "what happened" in the first six months of this year. What were Dukascopy's trading volumes during the first…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that FCA regulated CFDs broker Walbrook Capital Markets Limited posted a £4.0 million (USD $5.2 million) loss in 2016 amid plunging revenues. Walbrook was originally known as FXCM Securities, the UK CFD arm of Global Brokerage Inc (NASDAQ:GLBR) unit FXCM. FXCM sold the company in late 2015 to…
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LeapRate Exclusive... LeapRate has learned that Cyprus financial regulator CySEC has just handed out a CIF license to another Retail FX broker, called Exclusive Capital. Who is behind Exclusive Capital? What are the company's plans? Why did they seek out a CySEC license, at a time when the regulator has tightened the rules around Retail…
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Global retail forex and multi-asset broker HotForex has announced that it is sponsoring racing driver Tio Ellinas, as he competes with the JTR racing team at Porsche Carrera Cup Great Britain. HotForex will have its logo prominently displayed on Tio’s race car and suit for the rest of the season. A HotForex spokesperson said: We think…
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