LeapRate Exclusive... LeapRate has learned that CySEC licensed retail forex broker FXPRIMUS has hired a new Head of Sales, in the person of Alex Holmes. Alex Holmes is joining FXPRIMUS after about a year at Windsor Brokers, where he was Sales Manager. Prior to joining Windsor Brokers last year Mr. Holmes spent seven years at…
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LeapRate Exclusive... LeapRate has learned via filings made in the UK and Australia that ThinkMarkets UK more than tripled its Revenues in 2016 to £3.8 million (USD $5 million). ThinkMarkets UK, via FCA regulated holding company TF Global Markets (UK) Limited, is the UK arm of Australia-based retail forex broker ThinkMarkets. ThinkMarkets set up its UK…
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New Zealand based retail forex broker Fullerton Markets has announced the hiring of ex-Bloomberg Strategist, Jimmy Zhu. Coming on board Fullerton Markets as Chief Strategist, Jimmy Zhu was at the aforementioned Bloomberg for the past three years, covering a wide range of topics which included Forex, sovereign bonds and economic data. He was previously an…
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Swiss forex broker Dukascopy has published its Annual Report for 2016, which includes some fairly interesting insights into the company's business, and its results over the past few months. The STP broker reported that for the full year 2016 Revenues were down 5% from 2015, coming in at CHF 33.2 million (and with the USD…
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Leading Australia-based retail forex broker Pepperstone has announced a series of margin / leverage changes for its trading clients, which will take effect later this week ahead of next Sunday's second round of voting to select a new President in France. According to Pepperstone, the election will be a major test for the European Union…
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LeapRate Exclusive Interview... It hasn't been easy running a Retail Forex brokerage lately. Regulatory changes, technology which is constantly changing, ever increasing competition... Continuing our series of discussions with various industry leaders, we are pleased to present our recent conversation with Olga Rybalkina, CEO of CySEC regulated FXTM. Olga has quite a lot to say…
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LeapRate Exclusive... It looks like the folks at CySEC have been busy. And, despite CySEC's introduction late last year of more strict rules governing the operations of retail forex brokers - e.g. no bonuses, limited leverage, call center location... - the desire for brokers to become licensed in the EU via Cyprus remains in high…
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Japanese online trading company Monex Group Inc. (TYO:8698) just announced its financial results for fiscal year ended March 31, 2017. The highlights are: Japan segment Segment profit of JPY 1,768M, which is 70% decrease YoY in FYE Mar. 2017, due to decrease in stock and FX trading volume and increase in costs for parallel operation…
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Investment firm Leucadia National Corp (NYSE:LUK) has issued its Q1 results report, which included some interesting updates on its $300 million loan to retail forex broker FXCM. Leucadia lent the money to FXCM back in January 2015, enabling FXCM to overcome a $276 million loss it took in the form of unrecoverable negative client balances following…
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Retail Forex broker Alpari Limited announced that by the end of March 2017 its trading turnover across the key markets in which it operates came to 110.6 billion USD. This marks an improvement of over 17% compared to February. Turnover increased on the majority of traders' and investors' most popular currency pairs. More specifically, the…
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