FCA regulated multi asset broker ThinkMarkets has announced that it is partnering with SwipeStox, the mobile-based social trading provider, to bring their customers an extensive mobile application social trading service. This marks another major client win for SwipeStox, after it landed FXCM as a client of its social trading app this summer. We had first…
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LeapRate Exclusive... LeapRate has learned that FCA regulated multi-asset broker Walbrook Capital Markets Limited is restructuring its operations, with the main change being that it has tapped board member Conor Ringland to replace Paul Inkster as its CEO. We understand that Inkster will remain with Walbrook, with a more commercial role (and a different title), while…
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CFD broker Plus500 Ltd (LON:PLUS) has provided a trading update for the three and nine months ended 30 September 2016. In the nine months ended 30 September 2016, revenue was $236.3m an increase of 14% compared to the same period last year. However, strictly Q3 revenue compared to last year was slightly down 4% to…
Read moreLeapRate Exclusive... LeapRate has learned that FCA regulated retail Forex and CFD broker Valutrades has launched ValuRadio - effectively an audio-only portion of its website. ValuRadio is initially posting daily audio FX Research summaries, presented by traders Malte Kaub and Paul Wallace (more on them below). However we understand that the company has plans to…
Read moreLeapRate has learned via filings made with UK regulatory authorities that Hirose Financial UK Ltd., the FCA regulated arm of Japanese retail forex brokerage group Hirose Tusyo Inc (TYO:7185), saw a doubling of its revenues in fiscal 2016. For the year ended March 31, 2016, Revenues at Hirose UK came in at £928,000, up 126% from…
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LeapRate Exclusive... LeapRate has learned via regulatory filings made with UK authorities that FCA regulated broker Berkeley Futures saw a significant decrease in activity during fiscal 2016, with Revenues down 11.4% to £9.6 million for the twelve months ended April 30, 2016. 2015 Revenues were £10.8 million. Berkeley still turned a profit for the year, £1.2…
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 moreContinuing a parade of healthy FX trading volumes we are seeing in September across leading retail and institutional Forex platforms, Retail Forex broker Exness has reported an 11% increase in September results, to $218 billion. The $218 billion figure makes September Exness' second best month of 2016, after record monthly volumes of $253 billion recorded in July…
Read moreGain Capital UK Limited, the FCA regulated arm of global retail forex broker Gain Capital Holdings Inc (NYSE:GCAP), has reported its financial statements for 2015 indicating significant improvement for the company. The results are essentially for the City Index business which Gain Capital acquired in April 2015 for $118 million. We'd also note that the results…
Read moreRetail Forex broker Exness has announced that it has launched enhanced analytics for its trading clients, including earlier publication of data and analytics with greater depth. Exness recently unveiled that it had received an FCA license for its UK subsidiary, with plans to expand in Europe. Most of Cyprus-based Exness' current business is in the…
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