Special administrator RSM Restructuring Advisory LLP has filed an update on its work on the bankruptcy of retail forex broker LQD Markets. LQD Markets went belly-up in the wake of the January 2015 Swiss Franc spike - meaning that some former clients are still waiting for their money back, more than two years on. According…
Read more
Retail forex broker Gain Capital Holdings Inc (NYSE:GCAP) has reported its 2016 year-end and Q4 financial results, as well as trading volume metrics for the month of February 2017. And, the results are very mixed. On the one hand, Q4 was a very strong one at Gain Capital and its Forex.com retail FX unit, following…
Read more
Continuing a theme we are seeing from a number of leading retail forex brokers over the past few months, CySEC-regulated JFD Brokers has just announced a redesign of its website with what it calls a 'clean design'. The trend in Retail Forex, certainly compared to the Home Pages of brokers in the not-so-distant past, is…
Read more
CFD broker Plus500 Ltd (LON:PLUS) sets out below the process by which Plus500 will withhold tax on any dividends distributed by the Group, including with respect to the upcoming dividend, as set forth below. On 7 February 2017, the Group announced a final dividend per share of $0.3799 ($43.6 million) and a special dividend per…
Read more
LeapRate Exclusive... LeapRate has learned that FCA regulated retail forex broker GKFX has hired Hannah Hill as its new Head of Public Relations and Brand. Ms. Hill is a well known Forex industry figure. She worked most recently in the London office of Israel-based retail forex broker eToro as Head of Brand Marketing, helping eToro…
Read more
Financial research outlet Investment Trends has released its latest report on the Australia foreign exchange trading sector, showing continued growth of the Retail Forex sector down under. The latest report is based on a survey of more than 13,000 traders and investors conducted by Investment Trends in November 2016. Overall, Investment Trends calculated 4% growth…
Read more
Copenhagen based multi asset broker Saxo Bank has just announced that it will close its office in Limassol, Cyprus. The office in Limassol has served as a hub for servicing clients in the CEE and MENA region. Clients will now be serviced from offices in Prague, Dubai and Copenhagen and will have access to the…
Read more
Online broker-dealer and futures commission merchant TradeStation Group, Inc., a fully owned subsidiary of Monex Group, Inc. (TYO:8698), just announced new per-trade pricing for stocks, ETFs and options for all new customers and all existing customers who notify TradeStation they would like to switch to the new pricing. This new, simplified pricing model – with…
Read more
CMC Markets will now become the second-largest stockbroker in Australia, Revenues to grow by A$40M.
Read more
The CFTC has published US retail forex broker data for the month of January 2017, indicating a slight 1.3% rise in assets held by US retail forex traders to $532 million, up from $523 million in December 2016. Continuing to lead the way in December was FXCM, now a unit of the recently rebranded Global Brokerage Inc…
Read more