LeapRate's Daily Forex Industry Newsletter
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Screenshot of a breaking news alert e-mail from Q2 2017
Forex Industry News at LeapRate has a very ‘affiliate’ feel to it this past week, with LeapRate reporting exclusively about major changes made to the affiliate programs at two of the leading online brokers on both sides of the pond, Gain Capital Holdings Inc (NYSE:GCAP) and IG Group Holdings plc (LON:IGG).
On the regulatory side of things, you also read about the marketing and retention rule changes unveiled by Cyprus regulator CySEC, exclusively reported by LeapRate.
Our most popular guest posts of the week were of the ‘How to‘ variety:
- How do Forex brokers protect from DDoS attacks? from Andrew Shoemaker, founder of DDoS testing company NimbusDDOS.
- How do STP brokerages make money? courtesy of Yuhan Mo, Account Manager at Advanced Markets.
Some of our most popular, shared and commented-on posts this week at LeapRate included:
Gain Capital set to launch new affiliate program using third party system. LeapRate Exclusive… LeapRate has learned Gain Capital is preparing the launch of a new affiliate program, using third party affiliate software. The new program will include affiliates of all of Gain Capital’s retail Forex and CFD brands, including Forex.com, City Index and FinSpreads. Why the new system? And whose affiliate software will Gain Capital be using?
IG Group to launch new Affiliate program features on February 5. LeapRate Exclusive…. It looks like one of the key strategic goals of 2017 for leading Forex and CFD brokers is to increase affiliate traffic. Just a day after we reported exclusively that New York based Gain Capital was getting set to launch a new-and-improved affiliate program for its Forex.com, City Index and FinSpreads brands, we have also learned of similar plans at IG Group, the leading UK online broker. So what’s changed now at IG’s Affiliate program? Get all the details, including the full text of the message sent out by IG to its current and targeted potential Affiliates, exclusively now at LeapRate.
CySEC issues new rules for Forex broker sales and marketing practices. LeapRate Exclusive… Cyprus financial regulator CySEC has just taken its next swing at cleaning up the regulated Retail Forex, CFDs, and Binary Options brokerage sectors. After late last year instructing brokers to stop using deposit bonus promotions and to limit leverage to 50x (for all but expert traders), LeapRate has learned that CySEC has sent a new circular to all CIF licensed brokers on the island relating to sales and marketing practices, outsourcing of third party services, the provision of investment advice and the competence / compliance of sales staff. So what are CySEC’s “new rules” regarding sales, retention, outsourcing…?