LeapRate Exclusive… LeapRate has learned via regulatory filings that FCA regulated Forex and CFD brokerage GCM Prime Ltd has seen a drop in Revenues and a virtual evaporation of all client money held at the company during 2017. On the top line, Revenues for 2017 at GCM Prime were down 25% to $2.1 million, versus an…
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LeapRate Exclusive... LeapRate has learned that Australia based Retail FX and CFDs broker Pepperstone has taken another major step in re-opening its FCA regulated UK arm, Pepperstone Limited, hiring a new Head of UK Compliance in the person of Zack Ioannou. Zack Ioannou joins Pepperstone from GCM Prime, where he has also been the designated compliance…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that FCA regulated Forex and CFD brokerage GCM Prime Ltd has named Levy Benarroch as its COO. Mr. Benarroch has also been added to the company's board. Levy Benarroch joined GCM Prime via its acquisition late last year of CMS UK / CapMarFX, where he was Compliance Officer. Prior…
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LeapRate Exclusive… LeapRate has learned via regulatory filings that FCA regulated Forex and CFD brokerage GCM Prime Ltd has grown its business nicely in its first full year of operation. For the nine months ended December 31, 2016, GCM Prime brought in Revenues of £1.5 million, had an operating loss of £227,000, and grew its Client…
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The REAL story apparently involves Czech police, organized crime investigators, frozen assets, offshore companies, and suspicions of fraud and money laundering.
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Gallant Capital Markets Ltd, the British Virgin Islands incorporated parent company of retail forex broker GCMFX, has announced on its website gcmfx.com that it has filed for bankruptcy via a voluntary petition under Chapter 11 of the United States Bankruptcy Code, with the United States Bankruptcy Court for the Eastern District of New York. GCMFX…
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LeapRate Exclusive... LeapRate has learned that FCA regulated Forex and CFD brokerage GCM Prime Ltd posted just £61,385 of Revenue in 2016 (GCM Prime has a March 31 fiscal year end), and a net loss of £729,235 for the year. The shareholders of BVI-based offshore retail forex broker Gallant Capital Markets (gcmfx.com) bought an inactive…
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eFX trading technology solutions provider TradAir has announced that Basis Capital, a UK based appointed representative of FCA regulated firm retail forex broker GCM Prime, is now live with TradAir’s trading platform. Basis Capital is calling its new TradAir-based HTML5 trading platform 'Optima X'. Basis also offers clients trading on MT4. The TradAir solution includes a comprehensive…
Read moreGallant Capital Markets, Ltd. takes experience into the Prime Brokerage space for FX with a new UK regulated entity. GCM Prime will provide bespoke solutions including custom liquidity pools, white labels and more.
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