FX Industry Week Review: Forex brokers rebrand, beware Revshare deals, and lots more

forex industry news update

Which retail and institutional forex brokers announced new names and major rebrandings?

What’s wrong with liquidity provider Revshare agreements?

Which major Playtech shareholder sold a chunk of its stake, for the first time since June 2017?

Who is PrimeXM’s new Head of Sales?

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:

squareddirect websiteExclusive: Retail FX broker ProbusFX rebrands as…. LeapRate Exclusive… LeapRate has learned that CySEC licensed retail forex broker ProbusFX has rebranded under a new name and website. And, the new name should be very familiar with those in the institutional FX world? What is ProbusFX now known as? Who is behind the company? Get all the details, exclusively now at LeapRate.

equiti capital rebrandExclusive: Divisa Capital rebranding as…. LeapRate Exclusive… LeapRate has learned that Divisa Capital, the institutional multi-asset prime brokerage arm of Equiti Group, is planning to soon announce a rebrand of the company which will “reunite” the company’s institutional and retail FX brands. What will Divisa Capital now be known as? Who is behind the company? Get all the details, exclusively now at LeapRate.

fx liquidity providers revenue shareBeware of Revenue Share Deals with Liquidity Providers. With many Liquidity Providers now offering revenue shares we are increasingly seeing that once you scratch the surface, these arrangements are not what they seem. There are many tricks to reduce the true P&L of the book before paying the revenue share out. Jeff Wilkins, Managing Director of IS Risk Analytics highlights the pitfalls for brokers of revenue share opportunities with Liquidity Providers, in a special guest post exclusive to LeapRate.

Teddy Sagi PlaytechTeddy Sagi nets $30 million selling Playtech stake. For the first time since mid 2017, Playtech founder and (former) controlling shareholder Teddy Sagi has sold shares in the company. How much of Playtech does Mr. Sagi still own? Who are Playtech’s other large shareholders? Get all the details, always first at LeapRate.

Moshe Hogeg anyoptionSale of Binary Options broker anyoption leads to lawsuits in Israel and Cyprus. First at LeapRate… The mid 2017 sale of once-leading Binary Options broker anyoption to Invest.com has led to a pair of lawsuits being filed in both Cyprus and Israel, with competing claims of fraud being bandied about by both anyoption’s former owners and the acquirer. Get all the details, always first at LeapRate.

Forex industry financial results reported at LeapRate:

  • Pepperstone UK grows client assets to $19M, Revenues top $6M
  • ESMA effect: Q3 revenues plunge to under CHF4M at ayondo.
Andreas Charalambous PrimeXM

Andreas Charalambous, PrimeXM

In Forex industry executive moves reported this week at LeapRate:

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