FX Industry Week Review: Forex comes to the Premier League, Binary Options ban extended, and lots more

forex industry news update

Which Retail FX broker signed one of the largest sports sponsorships we’ve seen to date in the sector with not just one but seven (!) Premier League teams – and tied the deal to Bitcoin?

For how much longer did ESMA extend its (temporary?) ban against offering Binary Options to retail traders in the EU?

What were Markets.com’s monthly trading volumes in the first half of 2018?

Which FX affiliate group made its first acquisition in the US?

What executive moves were reported at Valutrades, ATFX, IG, Playtech, Divisa UK, and CFH?

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:

playtech officesPlaytech profits decline but Financials and Retail Forex businesses shine in 1H-2018. Shares of Playtech were trading up more than 10% this morning after the company reported its first-half 2018 results – indicating some nice results in the company’s Financials group, despite an overall (expected) slowdown in gaming sector activities. How much Revenue did Playtech’s Financials division Tradetech bring in? What were Markets.com’s Revenues? What were Markets.com’s monthly volumes so far in 2018? Get all the details, always first at LeapRate.

eToro sets new Premier League sponsorship - paid in BitcoineToro sets new Premier League sponsorship – paid in Bitcoin. So what is Retail FX broker eToro going to do with the $100 million it raisedin the Spring from Chinese, Japanese and Korean investors? Well a good chunk of that is heading to the UK, in the form of one of the largest-ever Forex Sports Sponsorship deals we have seen. And the deal has a very hunting-for-crypto-traders type feel, with the agreement being paid for nominally in Bitcoin. Get all the details, now at LeapRate.

GCM Prime screenshotExclusive: GCM Prime sees Revenues drop and posts $3.2M loss in 2017LeapRate Exclusive… LeapRate has learned that FCA regulated Forex and CFD brokerage GCM Prime Ltd has seen a drop in Revenues and a virtual evaporation of all client money held at the company during 2017. Why did client assets go from more than $12 million, to under £100,000 during the year? We have an exclusive comment from GCM Prime Director Levy Bennaroch explaining all, now at LeapRate.

binary options ban euESMA extends binary options trading ban. Just halfway through its initial three month ban on offering binary options trading products in the EU, pan European financial regulator ESMA has announced that it will be extending the ban. Which Binary Options did ESMA say are now exempt from the ban? For how much more time was the ban extended? Did ESMA have anything else to say about the Forex and CFD leverage cap? Get all the details, always first at LeapRate.

us forex market manhattan new york

Investoo enters into US trading market acquiring VantagePointTrading.com. London based FX and cryptocurrency affiliate company Investoo Group has announced its entry into the US financial affiliate and trading business, with its acquisition of trading education website VantagePointTrading.com. Investoo stated that it has strategic plans to further expand and diversify the forex and stocks and shares trading website into an authoritative platform, educating and inspiring trading enthusiasts.

Steven Woodcock ATFX

Steven Woodcock, ATFX

In news involving Forex Industry executive moves this week at LeapRate…

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