Forex Industry News was highlighted this week by a number of senior FX executive moves, all of which were reported exclusively or first at LeapRate. Who is the new CEO at GKFX? Where did former NetDania CEO Jonas Nielsen move to? Which institutional FX B2B firm did AMB Prime executive Paul Orford join? Who is…
Read moreLeapRate Exclusive... LeapRate has learned via regulatory filings that US based investment banking giant Morgan Stanley (NYSE:MS) has cut its long-held position in FCA regulated CFD broker Plus500 Ltd (LON:PLUS) from 6% to under 3%. Morgan Stanley has been a long-term shareholder in Plus500, with its position in the company hovering at around 6% for…
Read moreWhy is the Playtech acquisition of Alpha Capital Markets likely to be completed at a much lower valuation than the previously advertised $150 million? Which business line did GAIN Capital shutter? Will ESMA's binary options ban and CFD leverage cap, set to come into effect this summer, apply to non-EU clients of EU brokers? How…
Read moreAfter reporting an absolutely monster Q1 which saw it more than double its previous best quarterly Revenues, to $297 million, CFD broker Plus500 Ltd (LON:PLUS) has issued a mid-quarter Trading Update stating that its business continues to trade strongly. Accordingly, the Plus500 Board has materially increased its expectations for the group's financial performance for the year…
Read moreRetail FX and CFD broker Plus500 Ltd (LON:PLUS) has announced that it intends to apply for admission of all of its issued ordinary shares to listing on the premium listing segment of the Official List of the UK Listing Authority and to trading on London Stock Exchange plc's Main Market for listed securities. The company's…
Read moreForex Industry News this past week at LeapRate was punctuated by financial results from a variety of brokers from around the world. And with some of the results glowing while others showing losses, it clearly demonstrates that the past few months have been very much a case of the haves, and the have-nots, in the…
Read moreUK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers, which has set itself up as a clone site of popular online CFD broker Plus500 Ltd (LON:PLUS). The FCA’s latest warning is against the company Plus 500 Pro, operating from website plus500pro.com. The real…
Read moreWhat a momentous week it was in Forex Industry News, with all the key stories appearing first or only on LeapRate! How big was Plus500's absolutely monstrous Q1? Who bought Oanda, one of the oldest online Retail FX brokers? How did the latest results looks like from ADS Securities and Capital Index? Which major FX…
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All we can say is: Wow! Yes folks, the graph below is not in error. After posting several consecutive quarters of record revenues above $100 million, FCA regulated CFDs broker Plus500 Ltd (LON:PLUS) has reported one of the most astonishing financial reports we've ever seen here at LeapRate. Revenues more than doubled from Plus500's best ever…
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Following IG Group Holdings plc (LON:IGG) and Plus500 Ltd (LON:PLUS)'s recent reactions, Copenhagen based multi asset broker Saxo Bank has also spoken, 'strongly' welcoming ESMA’s leverage restrictions. The measures include caps on leverage which Saxo Bank considers fair and proportionate. Saxo Bank expects these measures to be positive for clients and result in a more level…
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