Saudi Arabia banks investigated for currency peg speculation products LeapRate

May 30, 2016 BY LeapRate Staff

Saudi Arabia banks investigated for currency peg speculation products

Numerous news sources including FT.com and Gulf News are reporting that Saudi Arabia's government is investigating several of the country's banks, for creating structured products which allow traders to speculate on the possible end of the currency's US Dollar peg. Several leading international hedge funds, including Bill Ackman's Pershing Square Capital and PointState Capital are reported to…

May 29, 2016 BY LeapRate Staff

Forex Industry Week Review - SEC bans retail forex, MT4 brokers blackmailed with DDoS attacks, ADS Securities big loss, and lots more

Forex industry news at LeapRate this past week was dominated by regulatory moves, broker results, and news involving China (some good, some bad). Our most popular guest posts covered the pros and cons of fully integrated forex broker platform solutions, How easy is it to become a Prime of Prime, and Google bans Payday Loan ads –…

May 29, 2016 BY LeapRate Staff

China forex trading retreats 9% in April

Data from Chinese financial regulator State Administration of Foreign Exchange (SAFE) indicates that China's currency exchange market posted turnover of 9.79 trillion yuan (USD $1.5 trillion) in April 2016, down about 9% from 10.71 trillion (USD $1.6 trillion) yuan in March., as reported by Reuters. The amount breaks down between 1.66 trillion yuan in forex transactions between…

May 27, 2016 BY Mike Fox

CySEC suspends license of Forex brokerage UBFS Invest for capital deficiencies

The Cyprus Securities and Exchange Commission announces that, following a decision in the meeting dated 23 May 2016, the authorisation of the Cyprus Investment Firm ‘UBFS Invest powered by Moneychoice Brokers Ltd’, with number 239/14, is suspended, pursuant to section 26(2) of the Investment Services and Activities and Regulated Markets Law of 2007, as in…

May 27, 2016 BY Mike Fox

CySEC withdrawals CIF licence of Trademarker Ltd DBA SkyFX and CapitalOption

The Cyprus Securities and Exchange Commission (CySEC) announced today that on its meeting of 25th April 2016, has decided, pursuant to sections 25(1)(b),(c) and 26(4)(b) of the Investment Services and Activities and Regulated Markets Law of 2007, as in force (the Law), to wholly withdraw the Cyprus Investment Firm authorization with number 151/11 of Trademarker…

May 27, 2016 BY LeapRate Staff

Monex's UK arm Valutrades grows revenues in 2015 but continues to lose money

FCA regulated retail forex broker Valutrades Limited has filed its 2015 financial statements and report, indicating that the company's business grew nicely during the year, and the company lost less money than the previous year. Valutrades is the FCA regulated arm of Indonesia-based Monex Investindo Futures, controlled by Indonesian entrepreneur Anil Bahirwani. Monex set up Valutrades…

May 27, 2016 BY LeapRate Staff

Monex's UK arm Valutrades grows revenues in 2015 but continues to lose money

May 27, 2016 BY Mike Fox

RoboForex now offers MetaTrader 5 hedge accounts

CySEC and Belize IFSC regulated RoboForex just informed clients about the opportunity to register MetaTrader 5 based (MT5) hedge accounts, which allow you to open multiple positions in the same instrument, including oppositely directed ones. You can use the locking option, which is familiar from the MetaTrader 4 terminal, but now available in the recently updated more powerful and…

May 27, 2016 BY LeapRate Staff

The hype of fully integrated Forex broker solutions: What lies beneath

Valentine Piotrovich, Head of Sales at MT4 technologies provider Takeprofit Technology, takes a look at the pros and cons of fully integrated forex broker platform solutions. Takeprofit’s products include A and B-book risk management solutions, the Klondike liquidity bridge, and the Ashira automated dealer anti-cheating defense. Takeprofit’s clients have included Forex brokerages and white-label solution providers such as…