Australia's leading Forex broker is main beneficiary of stricter Forex regulations down under. LeapRate Exclusive... LeapRate has learned that AxiTrader, Australia's largest retail forex broker and a member of LeapRate's Approved List of regulated global brokers, saw its June forex trading volumes rise 26% over May to come in at $70 billion. AxiTrader's best-ever month…
Read morePlus500 hopes to raise $50 million, at a company valuation of about $225 million. UK/Cyprus based CFD broker Plus500 is not wasting much time on its planned IPO. The company will be hitting the road to meet with potential investors this week and next, before planning to price its IPO on or around Tuesday, July…
Read moreAriel also adds former former E*TRADE UK CEO Julian Costley to its board. Spread betting, forex, and CFDs platform provider Ariel Communications went through some turmoil earlier this year, with the resignation of its longtime CEO Angus Clacher. Well it seems as if the company has come roaring back, in both strengthening its management team and adding a…
Read moreTradency and X Financial Solutions hook up, after breakup with MetaQuotes. Seen first on LeapRate... The fallout from MetaQuotes' ban on third party platforms connecting to MT4 continues. Tradency -- the originator of the Mirror Trader copy trading platform -- and forex platform provider X Financial Solutions have announced that they are integrating X Financial's X Open…
Read moreBitcoin prices at lowest levels since April hype, due in part to Mt Gox's problems. LeapRate Exclusive... Bitcoin exchange Mt Gox has been able to solve one of its main problems, by renewing the ability of customers to withdraw money. As we reported several weeks ago, Mt Gox had halted all US Dollar withdrawals in mid…
Read moreKVB goes public in Hong Kong at a company valuation of HK$904 million (USD $117 million). LeapRate Exclusive... IPO fever seems to be gripping the CFD industry. LeapRate exclusively broke the story of CFD broker Plus500's IPO filing in London just two days ago. Now comes word that Hong Kong based forex broker KVB Kunlun…
Read moreAll of parent ICAP's electronic brokering businesses were up in June over May, although Forex saw the smallest increase at 2%. ICAP's Forex ECN unit EBS reported June FX trading volumes at $128.8 billion (average daily volume for the month), up 2% from May but down 6% from last year June. After two strong months…
Read moreBelize based broker MFX had applied for and received Cyprus regulation in July 2012, but never activated the license. LeapRate Exclusive.... LeapRate has learned that Belize based retail forex broker MFX Brokers, which operates under the brand names MasterForex, MFX Broker and MFX Trading Academy, has renounced its CySEC CIF license as of May 31, and is…
Read moreAs larger rival GMO Click continues to set records, Monex volumes are down 23% from April levels. In Japan, it seems as though the large are getting larger, while the small are struggling in the forex industry. Retail forex broker Monex has reported its June volumes, and they are down 14% from May, which in…
Read moreUK spreadbetting brokers look to expand into traditional retail Forex trading. Just two weeks after we reported that IG Group -- with its newly-branded and launched website IG.com -- had announced plans to launch MT4 trading for its clients later this summer, comes news that its UK spreadbetting rival City Index has beaten IG to…
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