LeapRate Exclusive... After posting a loss of £2.7 million in 2016 which was then followed by the departure of longtime CEO Andrew Edwards and the subsequent appointment of Arman Tahmassebi to the company's top management spot, LeapRate has learned that FCA regulated broker ETX Capital was able to turn things around in 2017, posting a modest profit of…
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LeapRate Exclusive... LeapRate has learned from regulatory filings that ETX Capital had a fairly poor year in 2016, following a shift in strategy to refocus on what the company called premium customers, and away from pay-away and introducer-led channels, including China. The filings were made by FCA regulated Monecor (London) Limited, which operates the ETX…
Read moreLeapRate Exclusive... LeapRate has learned via regulatory filings that 2015 was another banner year of growth for ETX Capital. After seeing 2014 revenues soar by 38%, the company continued the positive momentum in fiscal year 2015, with revenues up another 20% to £41.3 million (USD $51 million). However the growth came at a cost, with…
Read moreClient deposits rose at ETX by 23% during the year as the CFD, Forex and Spreadbetting broker continued to grow outside its home UK market.
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