Tag: trade forex in Australia

June 10, 2016 BY LeapRate Staff

AxiTrader Chairman Goran Drapac on new CEO Rajesh Yohannan - who he's replacing, Goran's own new role...

Leading Australia-based retail forex broker AxiTrader quietly let it slip out that it has hired a new CEO, former OANDA Head of APAC Rajesh Yohannan (pictured at left). Yohannan will actually act as CEO of AxiTrader's parent company AxiCorp Financial Services Pty Ltd, which incorporates both its retail and institutional trading arms that operate mainly under the…

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December 17, 2015 BY LeapRate Staff

ASIC asks IronFX to correct disclosure regarding parent company website

Australia's financial regulator ASIC has noted that IronFX, whose Australian subsidiary is licensed and regulated by ASIC, has been asked to correct disclosure about Australian regulation and counterparty arrangements. Following concerns raised by ASIC, IronFX's Australia sub IronFX Global Australia Pty Ltd has taken steps to remove references from the parent company's (IronFX Cyprus) website, and…

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December 01, 2015 BY LeapRate Staff

AxiTrader adds Autochartist MT4 plugin with advanced automated technical analysis

LeapRate has learned that Australia's leading retail forex broker AxiTrader has made a further investment in offering advanced charting and automated technical analysis tools to it client base, via an expanded partnership with Autochartist. AxiTrader has launched a new Autochartist MT4 Plugin, bringing Autochartist's market scanner directly to the MT4 platform, saving valuable time for traders by…

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January 21, 2015 BY LeapRate Staff

AxiTrader sees phone system down due to carrier Optus technical issue

Leading Australian retail forex broker AxiTrader is reporting difficulty in having clients contact the company by telephone over the past few hours, due to technical issues at AxiTrader's carrier provider Optus. Optus (or formally Singtel Optus Pty Limited) is the second largest telecommunications company in Australia, and is a wholly owned subsidiary of Singtel. Not a…

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December 16, 2014 BY LeapRate Staff

Interactive Brokers hit by ASIC for $1.6 million for margin lending to Australian traders

The long arm of Australian law... Australia's financial regulator ASIC has settled with US-based online trading firm Interactive Brokers (NASDAQ:IBKR) on an agreement which will see IBKR refund $1.5 million in fees and commissions to its Australian clients which were granted margin lending facilities between 2010 and 2013. IBKR made margin loans to Australian clients…

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November 20, 2014 BY LeapRate Staff

ASIC shuts down unlicensed Australia FX broker KiwiFX Bank

Australia financial regulator ASIC has taken action to permanently shut down unlicensed FX broker KiwiFx Bank, operating via website www.kiwifxbank.com, formally incorporated as Vault Market Pty Ltd. ASIC has also removed KiwiFx Bank's sole director, Anamul Amin, from the financial services industry. This outcome continues what ASIC calls its crackdown on the FX industry. ASIC has…

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