FX Industry Week Review: UK Forex broker CEO resigns, record results, and lots more

forex industry news update

Which FCA regulated Retail FX broker saw its CEO resign…. and move to a rival firm?

Which global FX broker saw Revenues rise 54% in 2018 to a record $184 million?

Who did Saxo Bank name as Deputy CEO – and successor to CEO Kim Fournais?

How did recent results pan out at Hantec Markets, Infinox, and XTB?

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:

Iain Rogers GMIExclusive: Pepperstone UK CEO Iain Rogers leaves forLeapRate Exclusive… LeapRate has learned that Pepperstone UK Managing Director Iain Rogers has resigned his position in the company. And, following a brief garden leave, plans to join another FCA regulated FX broker as COO. Where is Iain Rogers headed? Get all the details, exclusively at LeapRate.

soren kyhl saxo bankSaxo Bank names ‘logical successor’ to CEO Kim Fournais. Continuing to reshape its senior management team after control of the company passed to China’s Geely Group, Copenhagen based Retail FX broker Saxo Bank has announced two changes to its senior management team, including a very strong hint that CEO Kim Fournais might not be around for that much longer. Who was named Saxo Bank Deputy CEO, and the ‘natural and logical successor’ to Kim Fournais? Get all the details, always first at LeapRate.

Pepperstone officeExclusive: Pepperstone grows Revenues more than 50% in 2018. LeapRate Exclusive… LeapRate has learned via regulatory filings that leading Australian retail forex brokerage group Pepperstone has continued its impressive growth trajectory, growing the business by more than 50% in Fiscal 2018. What were Pepperstone’s Revenues (and Profits) in Fiscal 2018? What does the AFR peg Owen Kerr’s net worth at? Get all the details, exclusively now at LeapRate.

jfd brokers acon bankJFD Brokers completes the acquisition of ACON Bank. Almost 11 months after JFD Brokers started the acquisition of the investment bank ACON, the German financial industry regulator BaFin as well as the Central Bank of Germany (Bundesbank) approved the deal. The acquisition helps JFD expand into different directions by offering digital asset management, on-exchange stock trading and investment advisory services.

Other Forex broker financial and operating results reported this week at LeapRate:

  • Exclusive: Hantec Markets grows revenues 38% to £5.3M in 2018.
  • Exclusive: Infinox more than doubles Revenues in 2018 to £41.7M.
  • Forex broker XTB sees Revenues down by 43% in Q3 to $12.7M.
  • Exness has second best ever month for FX trading volumes at $377 billion.
  • Saxo Bank FX trading volumes remain low in Oct2018.

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