FX Industry Week Review: Forex broker goes offshore, Plus500 shareholders cash in, and lots more

forex industry news update

Which Retail FX broker decided to ‘move offshore’, from its home country to St. Vincent?

Which Plus500 shareholders pocketed more than $400 million from the sale of stock?

What are Tickmill UK’s trading volumes? Admiral Markets’ revenues?

Answers to these questions and more appeared first or only at LeapRate. Some of our most viewed and commented-on posts from the past week include:

St Vincent offshore forexExclusive: Noted FX broker ‘goes offshore’, leaves New Zealand for St. Vincent. LeapRate Exclusive… LeapRate has learned that a noted New Zealand based Retail FX brokerage has informed its clients that it is transferring all business to a newly created entity in offshore jurisdiction Saint Vincent & the Grenadines. What reason did the broker give for ‘going offshore’? Which broker is it? And, is this the beginning of a trend in an increasingly regulated FX world? Get all the details, exclusively at LeapRate.

plus500 share sale foundersPlus500 shareholders pocket $415 million (!!). Over the course of less than 24 hours, there have been two major block sales of Plus500 shares completed, netting their sellers more than £320 million (USD $415 million): Plus500 founders unload more than half their remaining stake pocketing £145 million. And, Playtech offloads its 9.99% stake in Plus500 for £176 million. What lock-up did Playtech’s founders agree to on their remaining shares? How did Playtech end up with a 9.99% stake in Plus500 in the first place? What other link is there between rivals Playtech and Plus500? Get all the details, now at LeapRate.

admiral markets expoExclusive: Admiral Markets revenues head higher in 1H-2018. LeapRate Exclusive… LeapRate has learned that Estonia based Retail FX brokerage firm Admiral Markets Group AS has posted a nice rise in Revenues for the first half of 2018, with its Profit for the six month period nearly matching that of the entire 2017 year. What portion of the company’s revenues came from the UK? Get all the details, exclusively at LeapRate.

Tickmill fx brokerExclusive: Tickmill UK monthly volumes, Client FundsLeapRate Exclusive… LeapRate has learned via regulatory filings that Tickmill UK Ltd, the FCA licensed arm of Estonian-controlled Retail FX brokerage group Tickmill, posted fairly impressive results during its first full year of operation. What were Tickmill UK’s monthly volumes? Revenues? Which CySEC licensed broker did Tickmill but last year? Who controls Tickmill? Get all the details, exclusively at LeapRate.

axicorpExclusive: AxiCorp hires new Head of Marketing in London, from GKFX. LeapRate Exclusive… The revolving door of FX industry executives in London continues to swing, with the latest move being AxiCorp – hot on the heels of its acquisition of FCA regulated One Financial – hiring a new Head of Brand and EMEA Marketing for its AxiTrader Retail FX brand. Who moved from GKFX to AxiCorp? Get all the details, exclusively at LeapRate.

Stater Global hires Max Moriarty from FIXI plc for FX Sales
Max Moriarty, Stater Global

In other Forex Industry executive moves this past week…

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FX Industry Week Review: Forex broker goes offshore, Plus500 shareholders cash in, and lots more


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