Copenhagen based multi asset broker Saxo Bank has announced that it will be raising margin requirements on client accounts over the weekend of the second round of the French Presidential election. While in normal markets most major currency pairs can be traded at Saxo Bank with leverage of 100x (or a 1% margin requirement), next…
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In October 2016, Copenhagen based multi asset broker Saxo Bank launched electronic bond trading for mid-sized institutions and retail investors, covering over 5,000 government and corporate bonds across developed and emerging markets. The idea behind the launch was to make trading of liquid bonds more efficient through a full digital value chain by routing Saxo’s…
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LeapRate Exclusive... LeapRate has learned that the most recent CIF license handed out by Cyprus financial regulator CySEC has gone to retail forex broker FX88.com via its parent company Galactus Ltd. The license was formally approved this Tuesday, April 25. Backed by investors in Singapore, Galactus / FX88.com was formed last year by a number…
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LeapRate Exclusive... LeapRate has learned that retail forex brokerage group FxPro has promoted Conor O'Driscoll to the position of Deputy CEO and COO of its FCA regulated UK operation, FxPro UK Limited. Mr. O'Driscoll has been with FxPro since 2012, based in Cyprus. He began at FxPro as an FX Dealer, moving up to be named…
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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 Retail Forex broker XTB.com as well as the X Open Hub trading platform, has continued its quite unusual pattern of up-and-down performance with a very slow quarter to begin 2017. XTB has indicated in…
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Z.com., the FCA regulated MT4 retail brokerage arm of Japanese FX giant GMO Click, has announced that its Trade MT4 service now supports micro lot trading on all FX products. As a result of this change, the minimum trade size for all FX products has been amended from 1 lot to 0.1 lots. The 1…
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Otkritie Capital International Ltd (OCIL), a UK-based, FCA-regulated prime-broker operating across global financial markets, today announced at TradeTech Europe that its FX Prime business within the Otkritie Global Prime franchise is picking up pace since its full scale rollout 12 months ago. The FX Prime turnover volumes went up by 96% compared to April 2016…
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CFD broker Plus500 Ltd (LON:PLUS) has announced its results for the first quarter of 2017, indicating a 15% dropoff in Revenues from Q4's record levels. Revenues for Q1 at Plus500 came in at $77.5 million, versus a record $91.3 million last quarter (Q4-2016) and $85.2 million in Q1 last year. Nevertheless, above-average EBITDA margins of…
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Swiss listed interdealer broker Compagnie Financiere Tradition SA (SWX:CFT) has announced that Emil Assentato (pictured above at right involved in one of his passions, car racing) has retired from his role as a member of the Executive Board effective immediately. LeapRate readers will recognize Mr. Assentato as the architect behind the planned multi-stage merger of Nukkleus Inc (OTCMKTS:NUKK), a…
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Forex broker FIBO Group has announced two new features today including the launch of its MT4 web version and also adding support for automated bitcoin deposits through BitPay. MetaTrader 4 web version has all advantages of the original software as it is the part of the desktop platform and compatible with every operating system and…
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