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…
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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…
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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…
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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…
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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…
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Global foreign exchange provider becomes Official Asian Trading Partner of Southampton in two-year deal Brickhill Capital Limited (BHC), the global foreign exchange provider, announced that has been named the Official Asian Trading Partner of Southampton Football Club in a two-year deal. The partnership launch was attended by Southampton players, Mario Lemina, Manolo Gabbiadini, Matt Targett…
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It looks like social trading isn't quite dead yet. LeapRate has learned via regulatory filings that FCA licensed Ayondo Markets has continued to grow its social trading focused brokerage, although with losses continuing to mount. Ayondo reported that its UK unit, Ayondo Markets Limited, grew its Revenues from £7.3 million in 2015 to £14.2 million…
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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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