FX Industry Week Review: Forex brokers rebrand, CySEC license dropped, Executives move, and lots more

Under what new names (and website URLs) did ADS Securities and iForex each rebrand? And why?

What warning did Australia regulator ASIC make to Forex and Binary Options brokers?

Which well-known global Retail FX broker gave up its CySEC CIF license? And why?

Which executives joined Stater Global Markets and ADSS?

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:

CySEC licenseForex broker gives up its CySEC CIF license. LeapRate Exclusive… Why did a well-known global Retail FX broker, with licenses in jurisdictions such as Hong Kong, New Zealand, and FCA-UK, give up its CySEC license? Which broker is it? Get all the details, always first at LeapRate.

ADSS new logo rebrandADS Securities rebrands asFirst at LeapRate… ​Abu Dhabi based ADS Securities, which has grown over the past few years to become a major player in both Retail and Institutional FX, has announced a name change, website URL change, and (of course) a new logo in a major rebrand of the company. The brand was developed in-house by the company’s marketing team with inputs from WMG and NetConstruct. How will ADS Securities now be known? Get all the details, always first at LeapRate.​

iforex rebrand vestleFX broker iFOREX rebranding asFirst at LeapRate… ​For the second day in a row, we have news of a fairly well known name in the Retail FX and CFDs sector rebranding. After our report yesterday breaking the news that ADS Securities was rebranding to ADSS, now we have learned that CySEC licensed iFOREX.com – one of the longest-tenured brands in the business – is changing its name, brand and effective URL. But it looks like the change will happen only in Europe. What is iFOREX.com rebranding to? And why? Get all the details, always first at LeapRate.

Simon Henry Stater GlobalStater Global Markets makes yet another senior hire. First at LeapRate… ​For the second week in a row, FCA regulated FX prime brokerage Stater Global Markets has made a major addition to its senior management team. After we broke the news last week that Stater had added IG institutional chief Mark Chesterman as its new COO, today the company unveiled that it has brought on board a new Head of Compliance. Who is Stater’s new compliance chief? (Hint: formerly with FOREX.com, LCG, ETX Capital, LMAX Exchange). Get all the details, always first at LeapRate.

ASIC officeASIC issues stern warning to FX, CFD and Binary Options brokers. Australia financial regulator ASIC has issued what amounts to a warning to FX, CFD and Binary Options brokers in the country to clean up their act, in a release entitled ASIC calls on retail OTC derivatives sector to improve practices. What in particular did ASIC flag? What action did it say it will take? Get all the details, always first at LeapRate.

Jean El Khoury Joins ADSSADSS hires new Head of Marketing – MENA Region, from ImpacTech. Continuing to grow its management team, Abu Dhabi based ADSS has gone outside the firm to bring onboard a new CMO-MENA, joining from FX broker solutions provider ImpacTech. Who has moved from ImpacTech to ADSS? Get all the details, always first at LeapRate.

aviv talmor utradeUTrade owner Aviv Talmor jailed (again) after judge’s empty-your-pockets demand in the courtroom. ​In the bizarre but continuing legal case of Aviv Talmor, former owner of the UTrade Retail FX and algo trading brand, Mr. Talmor has been sent (back) to jail for a second 14 day term after producing a “grocery list” in court which showed that he was not working to repay bankruptcy debts. Get all the details, always first at LeapRate.

Read Also: