Binary options platform and brokerage group TechFinancials Inc (LON:TECH) has issued its Trading Update for the first six months of 2017 and, not unexpectedly, did not contain much good news. As the binary options sector has been hit hard both by regulators worldwide, including TechFinancials' home country of Israel, and by a lot of negative press…
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Binary options platform provider and operator TechFinancials Inc (LON:TECH) issued a Trading Update on its 2016 financial results, which seemed to indicate that things are going well at the company. TechFinancials, whose primary business is selling Binary Options platforms but also operates its own binary options brand OptionFair, stated that trading in H2 2016 has been consistent…
Read moreLeapRate Exclusive Interview... Our report on first half 2016 results out of binary options platform provider and operator TechFinancials Inc (LON:TECH) caught some of our readers by surprise. While it was heavily rumored in the industry that TechFinancials was considering 'options' for its flagging OptionFair binary option brand, which had been a drag on results…
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TechFinancials also launched a Contracts for Difference (CFDs) platform during the year.
Read moreBinary options platform provider and operator TechFinancials Inc (LON:TECH) saw its share price soar by 64% on Wednesday, after reporting a brief First Half 2016 Trading Update. The TechFinancials update indicated that EBITDA increased by over 80% from last year 1H, from US$0.55 million to in excess of US$1 million. Relatively rosy comments from TechFinancials CEO Asaf…
Read moreBinary platform provider and operator TechFinancials Inc (LON:TECH) has issued a statement indicating that its 2016 first half results should be in line with expectations. TechFinancials released a formal statement which will be delivered tomorrow at the company's annual general meeting, with highlights including: the company's 'B2B' platform business saw Revenues grow 30% YoY TechFinancials…
Read moreBinary platform provider and operator TechFinancials Inc (LON:TECH) reported its 2015 financials today, indicating a fairly slow second half of the year amid tough conditions for regulated binary options brokers. For the full year 2015, TechFinancials saw Revenues of $13.6 million, down 12% from 2014. The company's revenue decline which it saw in the first half…
Read moreTrading in shares of the binary options platform company highlight the risks generally of trading in shares of newly-public companies.
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