London-based online trading firm CMC Markets Plc (LON:CMCX) has issued a Trading Update for its Fiscal 2017 second half, which covers the six month period of October 1, 2016 – March 31, 2017. CMC has a March 31 fiscal year end. While CMC did not disclose any specific revenue, volume or earnings figures, it did…
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LeapRate Exclusive... LeapRate has learned that FCA regulated FX broker IKON Finance has decided to exit the Retail Forex sector, to focus solely on institutional clients and services. In addition, due to regulatory restrictions which have been imposed on IKON by the FCA, IKON is no longer accepting any new clients. IKON has been instructed by…
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BCS Global Markets, the Russian investment bank and largest securities broker on the Moscow exchange, has just announced the appointment of Bradley Duke and Tim Bevan as co-CEO’s of its UK entity, BCS Prime Brokerage Ltd (BCS UK). BCS Global Markets recently adopted a matrix management structure to promote greater oversight and synergies across geographies…
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CySEC brokerage firm Orbex today announced the elimination of commissions from all their account types. These updates will officially launch on March 28th 2017 to forex traders worldwide. Orbex will still offer their traders competitive fixed and variable spreads but now without the cost of commissions, allowing more transparency in calculating trading costs. This is the…
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CySEC regulated retail forex broker FXTM has shared an interesting observation from its trading room. Notably, that there is widespread negativity towards Sterling from its traders, with 95% of its clients trading short on the GBPUSD ahead of the expected historic March 29 trigger of Article 50, formally beginning the exit of the UK from the…
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ThinkMarkets, a global multi asset brokerage, just announced that has enhanced its ThinkTrader mobile trading app through the implementation of Neumob’s SDK, an app acceleration framework, to significantly reduce latency for global forex and CFD traders. Through the partnership, ThinkMarkets’ mobile app users will see a drastic change in the performance of the platform. Traders…
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EU and UK regulated Forex broker Admiral Markets announced that Adam Narczewski, a highly experienced industry professional, has accepted the post of Country Manager for Admiral Markets Poland. Mr. Narczewski has ample experience in helping companies become industry leaders. Prior to joining Admiral Markets Poland, he served as Deputy Regional Director at X-Trade Brokers DM,…
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FCA regulated retail forex and CFD broker INFINOX Capital Limited has announced that it is partnering with London-based trading academy Knightsbridge to offer a range of forex trading training courses and mentoring. Clients will be able to participate in training courses ranging from a 3 Hour FX Insight seminar, a 5 week Online FX Master…
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LeapRate Exclusive... LeapRate has learned via regulatory filings made in Poland that Warsaw-based X Trade Brokers Dom Maklerski SA (WSE:XTB), which operates the XTB.com retail forex brokerage as well as the X Open Hub platform business, has decided to promote from within in replacing recently departed CEO Jakub Maly. As was exclusively reported by LeapRate in…
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Online trading industry leading broker IG Group Holdings plc (LON:IGG) has reported its results for Q3-2017, indicating a slower quarter than its record Q2, but still coming in fairly strong. IG Group has a May 31 fiscal year end, so the quarter in question was the three month period of Dec-Jan-Feb. Before we get to…
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