FX Industry Week Review: Plus500 record Revenues, FX brokers raise money, new CEO at Fixi, and lots more…

forex industry news update

Which Retail FX broker in London raised £2.8 million – and why?

Which Chinese investors put HK$200M into Hong Kong Retail FX brokers KVB Kunlun?

Who is the new CEO at FCA regulated institutional FX broker Fixi plc?

What did the IOSCO have to say about limiting CFD leverage – and how does its position differ from ESMA?

What drove Plus500 Ltd (LON:PLUS) to record Revenues of $132 million in Q4? (And, how does that compare to Plus500’s main CFD rival in the UK, IG Group?)

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

Core Spreads websiteExclusive: Spreadbetting broker Core Spreads raises £2.8 millionLeapRate Exclusive… LeapRate has learned that Finsa Europe Ltd., which operates online spreadbetting, CFD and Forex trading brokerage brand Core Spreads (at corespreads.com), has received a capital injection of £2.8 million. Who invested the money into Core Spreads? Why did the company – which to date had been bootstrapped with less than £200,000 of outside money – raise cash now? Get all the details, exclusively now at LeapRate.

KVB Kunlun officeFX broker KVB Kunlun raises HK$200 million, including major Chinese investor. Further to our exclusive report from late January that Hong Kong based Retail FX broker KVB Kunlun was about to announce a major fundraising, the company has made regulatory filings with the HKEX indicating that on February 12 (i.e., this past Monday) it closed on a HK$200 million investment, led by a major Chinese investor. Who is investing in KVB? (Hint: the Chinese group has previously invested in another Retail FX broker). Get all the details, now at LeapRate.

Jason Gibson Fixi plcExclusive: Institutional FX broker Fixi plc replaces its CEOLeapRate Exclusive… LeapRate has learned that FCA regulated institutional FX broker Fixi plc has made a number of changes in its senior management ranks, including the appointment of a new CEO and a new CFO. Fixi is controlled by Goran Drapac, also the founder and controlling shareholder of Australia based Retail FX broker AxiTrader. Who’s in, and who’s at, at Fixi? Get all the details, exclusively now at LeapRate.

Plus500 Atletico Madrid FC main sponsorPlus500 reports record Revenues for Q4, 2018 starts even better. CFD broker Plus500 has reported its financial metrics for 2017, indicating record results for both the full year and for what was an amazing Q4 – plus (no pun intended), an even better start to 2018. How much Revenue did Plus500 bring in during Q4? (And, how does Plus500 now compare in size to UK industry leader IG?) What % of Plus500’s Revenue comes from the UK and Europe? What % of Plus500’s Revenue comes from cryptocurrency trading? Get all these details and more, always first at LeapRate.

cfd-leverage-maximum-cap fcaIOSCO wants all securities regulators to enforce CFD leverage limitations, negative balance protection. The International Organization of Securities Commissions (IOSCO) has published a Report on Retail OTC Leveraged Products, providing its own guidance to the world’s financial and securities regulators on the future of leveraged trading. How did the IOSCO report differ from that recently put out by its European counterpart ESMA? Get all the details, now at LeapRate.

CryptoUK self regulating body cryptoSeven exchanges and brokers form new UK crypto self-regulating body – CryptoUK. CryptoUK will work to raise understanding of the sector at a time of significant growth in popularity and call on government to introduce appropriate regulation to protect consumers and business certainty, allowing the sector to flourish in the UK. Who has formed CryptoUK? What is CryptoUK’s initial position on ICOs? Get all the details, always first at LeapRate.

Anish Satinder Lal Blackbull Markets

Anish Satinder Lal, Blackbull Markets

In addition to our exclusive report on Fixi plc’s new CEO noted above, other key FX industry executive moves this past week included:

Read Also: