TechFinancials Revenues down 46% in 1H-2018 as Binary Options business stalls LeapRate

September 18, 2018 BY LeapRate Staff

TechFinancials Revenues down 46% in 1H-2018 as Binary Options business stalls

Binary options platform and broker turned Blockchain company TechFinancials Inc (LON:TECH) has announced its financial results for the first half of 2018, indicating (not too surprisingly) that Revenues were down by 46% from 1H-2017, to $3.78 million. TechFinancials earlier this year shut down its OptionFair binary options brokerage brand, gave up its CySEC license, and shuttered…

July 25, 2018 BY LeapRate Staff

TechFinancials adds NEX Exchange share listing, but denies dropping AIM

Binary options platform and broker turned Blockchain company TechFinancials Inc (LON:TECH) has announced that it has applied for admission of its entire issued share capital of 84,980,979 fully paid ordinary shares to trading on the NEX Exchange Growth Market. Admission is expected to take place on or around August 8, 2018. The company said that it…

January 15, 2018 BY LeapRate Staff

SpotOption Binary Options offices raided by FBI; CEO: I may close the company

After we reported last week that the FBI had sent investigators to Israel as part of their ongoing fraud investigation of Lee Elbaz, former CEO of several Binary Options broker brands, Israel business news website TheMarker has reported that those FBI investigators last week raided the offices of leading Binary Options platform provider SpotOption. Lee Elbaz…

December 28, 2017 BY LeapRate Staff

TechFinancials puts more cash into Blockchain based online diamond exchange Cedex.com

After receiving more than $1 million in dividends from its China JV DragonFinancials, binary options platform provider TechFinancials Inc (LON:TECH) is continuing its diversification away from binaries by plowing some of that cash into its Cedex.com joint venture. As we reported in October, TechFinancials set up Cedex.com as a JV with private banking expert Saar Levi. Cedex (CErtified…

Herzliya Hamada 3 St Techfinancials office

June 29, 2017 BY LeapRate Staff

TechFinancials downsizes Israel Binary Options office, moves jobs to Cyprus and Ukraine

The shoes continue to drop in the Israel binary options sector. After our earlier exclusive report that rival Anyoption was ceasing all binary options activity - after previously moving all call center and client facing operations out of the country - LeapRate has learned from sources close to the company that TechFinancials Inc (LON:TECH) is…

April 11, 2017 BY LeapRate Staff

TechFinancials 2016 financials show importance of China to Binary Options brokers

LeapRate Exclusive Analysis... Last week's release of 2016 financial results by binary options platform and brokerage group TechFinancials Inc (LON:TECH) came and went without too much notice or fanfare. Indeed, the market was not too impressed with what TechFinancials had to say as the company's shares traded down by 13% right after the results were…

February 08, 2017 BY LeapRate Staff

TechFinancials loses largest Binary Options client 24option, shares plunge 30%

Shares of binary options platform provider TechFinancials Inc (LON:TECH) plunged by more than 30% on Tuesday, after the company disclosed that it was going to lose its largest client, binary options broker 24option.com. The decline triggered two successive 5-minute Price Monitoring Extension periods in London Stock Exchange trading in the stock. A Price Monitoring Extension is activated…

January 10, 2017 BY LeapRate Staff

Leverate and Tradologic partner as Forex-Binary Options platforms converge

Breaking Forex News.... Forex and Binary Options convergence continues. Online trading platform providers Leverate and Tradologic have announced a partnership, whereby Leverate's Forex and CFDs brokerage platform solutions will be offered to Tradologic clients. Tradologic is one of the leading providers of binary options platforms to white label operators and brokers. However the binary options…

December 07, 2016 BY LeapRate Staff

SpotOption expands senior management hiring David Ripstein as CEO - LeapRate Exclusive

LeapRate Exclusive... LeapRate has learned that leading binary options platform provider SpotOption has hired former RADCOM Ltd. NASDAQ:RDCM) Chief Executive David Ripstein as its new CEO. SpotOption founder Pini Peter will relinquish the CEO role to Mr. Ripstein, but remains with SpotOption as Executive Chairman. Ran Amiran, formerly Mr. Peter's #2, remains at SpotOption as…

September 28, 2016 BY LeapRate Staff

TechFinancials COO Jeremy Lange on results, the binary options sector, new Association, and more...

LeapRate Exclusive Interview... Our report on first half 2016 results out of binary options platform provider and operator TechFinancials Inc (LON:TECH) caught some of our readers by surprise. While it was heavily rumored in the industry that TechFinancials was considering 'options' for its flagging OptionFair binary option brand, which had been a drag on results…

Tag: binary options platforms