Followers of LeapRate will have noticed us writing lately about the trend of retail forex brokers redesigning their websites - particularly brokers in Australia, with leading brokers in the country such as AxiTrader and Pepperstone changing the way they present themselves to the world. These changes are, in our view, not trivial. For all web-based…
Read moreAustralia based research firm Investment Trends has published an updated report on FX and CFD trading in its home market. Overall, FX trading has dipped slightly down under (in the 12 months leading up to November 2014), with 49,000 investors placing at least one FX trade through an Australian provider, down from 51,000 in 2013 -…
Read moreAustralia financial regulator ASIC has taken action to permanently shut down unlicensed FX broker KiwiFx Bank, operating via website www.kiwifxbank.com, formally incorporated as Vault Market Pty Ltd. ASIC has also removed KiwiFx Bank's sole director, Anamul Amin, from the financial services industry. This outcome continues what ASIC calls its crackdown on the FX industry. ASIC has…
Read moreAustralia's leading retail forex broker joins the ranks of those offering interactive services to its clients. Phil Horner, Axi's Sales & Marketing Manager, explains.
Read moreWith a strong focus on the much coveted Asia Pacific region, Australian brokerages MXT Global and Vantage FX combine to provide technological and territorial synergies.
Read moreGoing against the trend, Australia's AxiTrader enters the U.S. Retail FX market. At a time when we are seeing a number of foreign FX brokerages abandon the heavily-regulated U.S. market (e.g. Forex Club), and even U.S.-based firms close shop domestically to focus on foreign markets (e.g. GFT), along comes AxiTrader going the other way. Australia's…
Read moreClaims Halifax has taken U.S. retail FX traders – the CFTC wants penalties, and wants trades undone. The CFTC has filed a complaint (in the U.S. District Court for the Northern District of Illinois) against Australia's Halifax Investment Services, claiming that the Australian broker has solicited U.S. retail FX clients, and has taken on U.S. clients. The CFTC wants monetary…
Read moreResearch firm Investment Trends issued a detailed report on the Australian Forex and CFD market (see text of theire news release below). Among the key findings were that Australia is already a larger FX market, relative to the country's size, than most other countries, yet the prospects for growth are still high. The report also…
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