It was a mix of corporate reports and regulatory events in Forex Industry News at LeapRate this week.
LeapRate broke the story of the latest regulated Forex broker to launch, Australia’s Blueberry Markets.
We were also first to bring you news and analysis of AxiTrader‘s large private equity capital raise, France’s ban on advertising highly leveraged trading (and full banishment of one of the binary/forex brokers).
Our most popular guest post this week was Time Management tips for productive sales people.
Some of our most popular, shared and commented-on posts this week at LeapRate included:
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AxiTrader lands multi million dollar investment from private equity firm RGT Capital. AxiCorp Financial Services, parent company of leading Australian retail forex and CFD broker AxiTrader, has announced that it has received an investment from private equity firm RGT Capital. Who is RGT Capital? In what else have they invested? How big was the investment? And for how large a stake in AxiCorp? What will AxiTrader be doing with the money?
FXCM Revenues down 1% in Q2, still owes Leucadia $192.5 million. The quarterly financial reports of retail forex broker FXCM Inc (NYSE:FXCM) have been increasingly difficult to decipher. On paper, FXCM just reported a $60.5 million net profit for Q2 on revenues of $70.6 million. Which looks great. However a number of accounting charges mask what is really going on. Our analysis shows that FXCM’s ‘business’ is indeed doing OK, but it is having trouble dealing with its large loan from Leucadia. We explain…
Dean Hyde, Blueberry Markets
Former AxiTrader exec Dean Hyde launching Retail Forex brokerage, Blueberry Markets. LeapRate Exclusive… LeapRate has learned that longtime AxiTrader executive Dean Hyde has left the company, and is getting set to launch a new Retail Forex brand called (uniquely) Blueberry Markets. Hyde had been Sales Manager at Axi the past 18 months. So why leave AxiTrader now? What are Blueberry’s plans – planned launch date, platform, market-maker vs STP, value proposition…? And of course, how about the unique name Blueberry Markets? We speak with Dean Hyde, who addresses all these issues and more.
TechFinancials shares soar 64% after providing First Half 2016 update. It has been a long way back for TechFinancials. But the company seems to be back on the right track. After seeing its shares go on a one way ride downward since its IPO in early 2015, TechFinancials stock seems to be heading back in the right direction after providing its First Half 2016 Trading Update, including an apparent turnaround in its OptionFair brokerage business.
AMF bans Rodeler Limited (24option) from providing financial services in France.
AMF bans advertising on Forex products, binary options and some CFDs.
MahiFX hires CFH executive Nick Mortimer as Head of Retail Sales.