Shortly after yesterday's IG Group (LON:IGG) reaction, retail FX and CFD broker Plus500 Ltd (LON:PLUS) has also released an update following the announcements from ESMA and the FCA in which they outlined the regulatory changes ESMA proposes to implement in the coming weeks. The principal changes are: leverage limits on the opening of a position by a…
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Retail FX and CFD broker Plus500 Ltd (LON:PLUS) has just released its annual report for 2017. For the full year 2017, Plus500 brought in $437.2 million in Revenues and earned Net Profit of $199.7 million, both best-ever results for the Forex and CFDs broker. The highlights for 2017 at Plus500 can be seen below: Financial…
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Our lead Forex Industry News story of the week - our exclusive account of what happened to Retail FX broker BMFN in China - seems to have created a lot of flack and discussion. What happened to BMFN - being told to leave China - is clearly also happening to some other foreign FX brokers…
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Further to our report last night that the founding group of CFD broker Plus500 Ltd (LON:PLUS) was planning to sell some of its stake in the company in a secondary share sale organized by broker Liberum Capital, Plus500 this morning announced that the deal was completed, on the terms which were expected. Plus500's founders (see list below)…
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After the close of trading Thursday afternoon, CFD broker Plus500 Ltd (LON:PLUS) announced that a group of its founders, none of whom is involved any more in the day-to-day management of the business, are selling about a third of their remaining aggregate holdings in the company, in a secondary share sale organized by broker Liberum Capital.…
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LeapRate Exclusive... LeapRate has learned that leading online CFDs broker Plus500 Ltd (LON:PLUS) has made some key adjustments to the CPA rates it pays its affiliates via its 500Affiliates.com program, with an increased focus on bringing on board clients who trade (primarily) cryptocurrencies. Or more accurately, Plus500 won't any more disincentivize affiliates for bringing on board…
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Which Retail FX broker in London raised £2.8 million - and why? Which Chinese investors put HK$200M into Hong Kong Retail FX brokers KVB Kunlun? Who is the new CEO at FCA regulated institutional FX broker Fixi plc? What did the IOSCO have to say about limiting CFD leverage - and how does its position…
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CFD broker Plus500 Ltd (LON:PLUS) has reported its financial metrics for 2017, indicating record results for both the full year and for what was an amazing Q4 - plus (no pun intended), an even better start to 2018. Overall for 2017, Plus500 brought in $437.2 million of Revenue versus $327.9 million in 2016 - an…
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It was a very mixed bag of Forex Industry News this past week with topics running from M&A to international expansion to regulation to marketing... And, as usual, the week's top stories appeared only or first on LeapRate. How much did Formax pay for social and copy trading provider ZuluTrade? Why was the sale of…
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Just two days after we reported that CFD broker Plus500 Ltd (LON:PLUS) had expanded its operations in South Africa with an upgraded South Africa FSB license for new subsidiary Plus500SA Pty Ltd and plans to open an on-the-ground operation, Plus500 today announced that it is also growing its operation in Singapore. Plus500 today stated that International…
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