USA Retail Forex Broker (the few which are left) assets just reported for April held steady with a total of $524,757,888 in customer funds. This is a slight 0.19% MoM increase from March's $523,750,637. With FXCM out of the market, selling its accounts to Gain Capital, the Gain Capital retail brand Forex.com remains the clear…
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First at LeapRate... After LeapRate was first to learn of and report that US regulator CFTC had filed a lawsuit in Utah against offshore retail forex Tallinex for illegally taking US clients, the CFTC today confirmed the report by issuing a formal statement on the matter. (We also explained in our original article why the…
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It took only 869 days. Nearly 29 months after the fateful Swiss Franc spike of January 15, 2015, Special administrator KPMG has announced that on Friday, June 2 they sent out notices to former Alpari UK clients, indicating that final distributions to account holders at the now-bankrupt Retail Forex broker have been made. The last…
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Hong Kong Forex retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) has announced that it has received a notice from the Tianjin Precious Metals Exchange Limited in China (TPME) to the effect that the TPME will adjust its precious metals spot trading business with a view to reduce the trading risks. As a result,…
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Shares of FCA regulated CFD broker Plus500 Ltd (LON:PLUS) traded up sharply on Friday morning, after the company announced a planned $10 million share buyback, strong cash levels, and healthy Revenues growth so far in Q2. First, Plus500 announced that trading activity during Q2 has continued on a positive trend as outlined in Plus500's first quarter…
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Switzerland based retail forex broker Dukascopy has announced that it has added some new commodity CFDs for trading. New CFD commodities launched for live trading on Dukascopy include Natural Gas to US Dollar (GAS.CMD/USD) and High Grade Copper to US Dollar (COPPER.CMD/USD), for regular LIVE self trading accounts. Maximum leverage on GAS.CMD/USD and COPPER.CMD/USD is set…
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Legal website Law360 is reporting that the US CFTC has filed a lawsuit against offshore retail forex broker Tallinex, for illegally taking on US clients. The CFTC also named a US introducing broker of Tallinex, called General Trader Fulfillment LLC. The suit was filed in the U.S. District Court for the District of Utah - apparently because General…
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Shares in UK online trading leader IG Group Holdings plc (LON:IGG) rose by 5% in Wednesday trading, after the company issued a fairly rosy Trading Update for its fiscal fourth quarter of 2017. IG has a May 31 fiscal year end, so the period in question is for the three month period of March-April-May 2017. IG…
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UK FCA regulated global provider of FX and CFD brokerage services Tickmill announced that has launched a Korean version of its website languages. The addition of Korean language website was prompted by growing demand for premium trading products and services in the Asia Pacific region, one of the largest markets for Tickmill. Tickmill shares that the…
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LeapRate Exclusive Interview... Managing and growing a retail forex brokerage in today's rapidly changing business and regulatory environment is not easy. One broker which seems to have done a good job of it lately is CFI Markets, which recently announced its expansion into Dubai and the MENA region from its home bases in Cyprus and…
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