After reporting fairly strong results for the first half of the year, things seems to have cooled off somewhat during Q3 at X Trade Brokers Dom Maklerski SA (WSE:XTB) thanks to lower market volatility and ESMA's new CFD rules. X Trade Brokers, which operates Retail Forex broker XTB.com as well as the X Open Hub trading platform, reported that Q3…
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After reporting record results in Q1 things seems to have cooled off somewhat during Q2 at X Trade Brokers Dom Maklerski SA (WSE:XTB). X Trade Brokers, which operates Retail Forex broker XTB.com as well as the X Open Hub trading platform, reported that Q2 2018 Revenues came in PLN 84.2 million (USD $22.8 million), down 26% from Q1's record at…
Read moreLeapRate Exclusive... LeapRate has learned that the management makeover at Forex broker platform and technology provider Leverate is continuing. The latest executive to leave Leverate is Costas Michael, who had been General Manager and head of Leverate's Cyprus based entity, CySEC licensed Leverate Financial Services Ltd, for the past four years. He had actually been…
Read moreLeapRate Exclusive... LeapRate has learned via regulatory filings that Warsaw based Retail FX brokerage group X Trade Brokers Dom Maklerski SA (WSE:XTB), which operates the XTB.com brand as well as the X Open Hub trading platform, has seen its longtime Head of Legal Paweł Frańczak resign from his position. Mr. Frańczak has also stepped down from the XTB Management Board. He…
Read moreFacing trouble both at home and abroad, X Trade Brokers Dom Maklerski SA (WSE:XTB) nevertheless has issued preliminary results for Q1-2018 indicating record Revenues and Profits for the Warsaw based company. X Trade Brokers, which operates Retail Forex broker XTB.com as well as the X Open Hub trading platform, reported that Q1 2018 Revenues came in at PLN 113.7…
Read moreThe top headlines in this past week's Forex Industry News were an odd mix of old faces in new places, a regulated Retail FX broker shutting its doors, and charges of fraud, slippage and blackmail. Which binary options executive is the new CEO of Investing.com? Why did Invest.com renounce its CySEC license and end all…
Read moreA war of words is brewing between Warsaw based X Trade Brokers Dom Maklerski SA (WSE:XTB), a former disgruntled client named Krzysztof Kramarczyk, Poland’s Financial Supervision Authority (Komisja Nadzoru Finansowego, or KNF), and Polish prosecutors with charges of asymmetric slippage, fraud, and blackmail being bandied about. X Trade Brokers operates Retail Forex broker XTB.com as well as the X Open Hub…
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Continuing its recovery under new management which has been sustained throughout 2017, Warsaw based X Trade Brokers Dom Maklerski SA (WSE:XTB), which operates Retail Forex broker XTB.com as well as the X Open Hub trading platform, has issued preliminary results for Q4-2017 as well as for the full year, indicating continued improved performance for the company,…
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Polish financial supervision authority commission Komisja Nadzoru Finansowego (KNF) issued directives yesterday to the country's brokerage houses regarding dividend policy. The KNF recommended that the dividend in 2018 should only be paid by brokerage houses which meet the following criteria in aggregate: A. dividend in the amount not higher than 75% of the net profit for…
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Who is behind a new P2P binary options platform is seeking to raise money in an ICO? Why is XTB liquidating its subsidiary in Turkey? Why did Germany's BaFIN decide it necessary to 'sharpen' the negative client balance rules for CFD brokers? Answers to these questions and more appeared exclusively or first at LeapRate this…
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