In today's LeapRate Interview, TopFX Vice President of Business Development Paul Orford looks at the important aspects to consider when operating a retail brokerage from the prime brokerage perspective
Read moreIronFX's comprehensive global expansion program has resulted in the opening of many offices worldwide, with South Africa being the latest.
Read moreCyprus-based brokerage granted license by British financial regulatory authority FCA, joins London's FX giants.
Read moreIn Cyprus' prominent and highly competitive retail FX sector, Ioannis Gerousis, CEO of FXAchieve considers the key to career improvement and enhanced opportunities among potential candidates to be specialist education Cyprus, an island of less than one million residents, has become a veritable hub for retail FX firms, with such a vast number of brokerages…
Read moreHedefonline's decline leaves Turkish investors 20 million lira out of pocket after company continued operations whilst insolvent for six months raising alarm bells over customer protection measures Retail FX traders have had more than its fair share of exposure to the consequences of unlicensed firms making off with their money, which led to a very…
Read moreCyprus-Based Prime Brokerage TopFX welcomes Paul Orford to the company as he assumes senior business development position Following a stint at Blackwell Global Investments' Cyprus operation, Paul Orford has been appointed Business Development Manager at prime brokerage firm TopFX. In his previous position, Mr. Orford, originally from the United Kingdom, contributed to Blackwell Global Investments'…
Read moreCyprus firms continue to reposition and rebrand away, although other forex brokers continue to flock to the country. LeapRate has learned that Cyprus-based and CySEC-regulated forex broker Liquid Markets (previously Tadawul FX) has opened a new office in London. The move comes after Liquid Markets' regulator CySEC granted permission to the company to operate in the…
Read moreAds and landing pages have been popping up with "We're not in Cyprus" type ads. Forex brokerages (at least some) had been known years ago, rightly or wrongly, for advertising which goes beyond 'aggressive' and borders on 'offensive'. Well it seems as if some of that type of advertising is back in vogue, following the…
Read moreCySEC details disclosure rules required to prove funds in segregated bank accounts in fact belong to individual investors. As we reported earlier, the Central Bank of Cyprus has agreed to NOT apply the dreaded 'haircut' to bank balances above €100,000 at Laiki Bank and Bank of Cyprus, for bank accounts where the ultimate beneficiaries are smaller…
Read moreCySEC allows FX brokers to release client names and data to banks, to allow for release of client funds. LeapRate Exclusive... We reported (exclusively) last week that segregated client fund bank accounts held by Cyprus FX brokers at Laiki Bank and Bank of Cyprus would NOT be subject to the "haircut" (or more correctly, confiscation)…
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