FX Industry Week Review: CySEC forex broker license, Formax Prime launch, FXDD-IronFX merger off, and lots more…

forex industry news update

Which FX broker is the latest to get a CySEC CIF license?

Which China-backed, FCA-licensed ECN broker launched in London?

Why was the FXDD-IronFX merger called off?

What major change did Plus500 Ltd (LON:PLUS) make to its Affiliate program?

Answers to these questions and more appeared exclusively or first at LeapRate this week. Some of our most popular, shared and commented-on posts this week at LeapRate included:

Affiliate marketing forexExclusive: Plus500 removes Revshare payments from its Affiliates programLeapRate Exclusive… LeapRate has learned that leading online FX and CFD broker Plus500  has decided to halt its Revshare payments with affiliates in its 500Affiliates.com program, moving instead to an all-CPA (cost-per-acquisition) model. When does the change take effect? And, why is Plus500 going all-CPA? Get all the details, exclusively now at LeapRate.

Formax Prime websiteExclusive: Formax Prime launches as new Forex ECN brokerage service. LeapRate Exclusive… LeapRate has learned that the FCA regulated arm of China based online brokerage group Formax Group has gone live with a new website and FX-ECN brokerage service under the moniker Formax Prime, at forexprime.co.uk. Who is behind Formax Group? What are the company’s plans for the new FCA licensed operation? Get all the details including our exclusive conversation with Formax’s David Rapp, now at LeapRate.

licensed stamp 730x440Exclusive: CySEC CIF license granted to Jin Liu’s new China focused FX broker RZT Capital LtdLeapRate Exclusive… LeapRate has learned that Cyprus financial regulator CySEC has granted a CIF license to a new company called RZT Capital Ltd, with plans to launch as a Retail FX broker. Who is RZT Capital owner, Jin Liu? Get all the details, exclusively now at LeapRate.

FXDD officesExclusive: Nukkleus, FXDD and IronFX call off planned merger. LeapRate Exclusive… LeapRate has learned via regulatory filings that the long-planned merger of publicly traded Nukkleus Inc and related Retail FX broker FXDD with rival broker IronFX has been called off. How was the partially-completed transaction unwound? And why was it called off? Get all the details, exclusively now at LeapRate.

TechFinancials rocketTechFinancials shares rocket up 400% since jettisoning Binary Options. LeapRate Exclusive… Shares of Binary Options platform provider TechFinancials are up more than four-fold since selling their core OptionFair business (for just $400,000) two weeks ago. What is going on? We explain, exclusively now at LeapRate.

Financial and operating results from Forex brokers reported this week at LeapRate include:

  • Exclusive: AxiTrader UK grows business by 41% in 2017
  • Exness reports record month with November FX trading volumes topping $324 billion
  • Saxo Bank has best month of 2017 in November, multi asset trading volumes top $388 billion
  • FXCM FX trading volumes up 14% in November 2017 to $218 billion
  • IG Group reports 9% growth in First Half fiscal 2018 Revenues

And, in FX industry executive moves this past week:

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