UK based online brokerage house CMC Markets Plc (LON:CMCX) has put out a statement to the effect that it welcomes the new CFD regulation put in place by Germany financial regulator BaFin. BaFin finalized new, relatively mild, rules for Forex and CFD brokerage, basically requiring just negative balance protection for German traders. No limits were…
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Germany financial regulator BaFin has issued its final set of new rules to govern leveraged Forex and CFD trading, following proposals issued by BaFin back in December. And, much to the chagrin of both Forex and CFD traders in the country, as well as the brokers who serve the German market, BaFin stayed the course…
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Adding to its mounting problems, Global Brokerage Inc (NASDAQ:GLBR) has announced that it has received a delisting notice from stock exchange Nasdaq. Global Brokerage, formerly FXCM Inc., is the publicly-traded holding company which now owns an effective 37% interest in operating company FXCM Group LLC. The remainder (or rather, majority) of FXCM Group is owned by…
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Forex brokerage company Admiral Markets Group AS has recently announced a change to its management structure. Two of the board members, Sergei Bogatenkov and James Chernikov have remained part of the board, while three new board members were appointed to complete the team: Jens Chrzanowski, Mindaugas Deksnys and Victor Gherbovet. They will be in charge of…
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'Buy the Rumor, Sell the News’ in Euro After Macron Victory.
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Italian financial regulator CONSOB has issued a warning regarding Retail Forex broker UP4X, owned by Up4X Ltd and operating from website up4x.com. According to CONSOB, UP4X ltd is not authorized to perform investment services and activities in Italy. On the company's website it shows a license from offshore location Vanuatu. The company's main telephone line…
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LeapRate Exclusive… LeapRate has learned via regulatory filings that FCA regulated Forex and CFD brokerage GCM Prime Ltd has grown its business nicely in its first full year of operation. For the nine months ended December 31, 2016, GCM Prime brought in Revenues of £1.5 million, had an operating loss of £227,000, and grew its Client…
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LeapRate Exclusive… LeapRate has learned via regulatory filings that FCA regulated Retail Forex and CFD brokerage HYCM brought in revenues of £3.1 million in 2016, a figure virtually identical to that of 2015. Net profit for the year at HYCM of £362,000 was also about the same as last year. The results include those of HYCM…
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Thin liquidity pre-market, but EURUSD up around 30-pips from Friday's close after Macron landslide.
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In one of the busiest weeks of the year in Forex Industry News at LeapRate, we had a little (actually, a lot!) of everything - exclusive coverage of new CySEC licenses granted to several forex-related entities, financial results both good and bad from a number of Retail and Institutional FX players, and executive moves at…
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