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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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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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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Copenhagen based multi-asset broker Saxo Bank has announced that co-founder Lars Seier Christensen will be fully exiting from his ownership interest in the company, selling his 25.71% stake to Chinese conglomerate Geely Group. Certain minority shareholders are expected to exercise tag-along rights as part of the offer from Geely, which is expected to own about 30% of…
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Retail forex broker Gain Capital Holdings Inc (NYSE:GCAP) has reported what can only be described as a horrific quarter to begin 2017. Q1-2017 results were poor across the board at what is now the leading US-based retail forex broker. And, weak volumes reported for April don't necessarily portend for a better Q2. Revenues at GAIN…
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CFI Group Holding, the parent company of CySEC CIF licensed forex broker CFI Markets Ltd., has announced the launch of its latest subsidiary company: Credit Financier Invest (DIFC) Ltd. (CFI-DIFC), based in Dubai, United Arab Emirates. Regulated by the Dubai Financial Services Authority (DFSA), CFI-DIFC is authorized to operate as a Category 3A licensed entity, with…
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Retail Forex broker Alpari Limited announced that is expanding its range of financial instruments. From the 4th of May 2017, the following 4 currency pairs and 10 spot metals will be available on all ecn.mt4, ecn.mt5, pamm.ecn.mt4 and pamm.ecn.mt5 accounts: TRYJPY USDTRY EURTRY GBPTRY XAGAUD XAGCHF XAGEUR XAGGBP XAUAUD XAUCHF XAUEUR XAUGBP XPTUSD XPDUSD
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LeapRate Exclusive... LeapRate has learned via filings made in the UK and the UAE that Arab-focused retail forex broker One Financial Markets has seen a nice bump in its business activity and profitability in 2016, after what was a fairly difficult 2015 for the company. On the top line, One Financial brought in record Revenues…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that FCA regulated MT4 broker ActivTrades has just reported its financial results for what seems to have been a very successful 2016. ActivTrades, which is controlled by Swiss entrepreneur Alex Pusco who still serves as the company’s CEO, saw Revenues grow by 11% in 2016 to £34.9…
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