January 27, 2015 BY LeapRate Staff
IC Markets cited in Australia press for 'fake margin calls'
IC Markets is also assessing whether or not to forgive negative client balances resulting from Swiss Franc trade losses.
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January 27, 2015 BY LeapRate Staff
Goldman Sachs President: We are in the midst of a Currency War
Goldman Sachs President & COO Gary Cohn: Certain countries are blatantly trying to devalue their currencies to improve competitiveness of businesses.
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January 26, 2015 BY LeapRate Staff
ETX Capital CEO Andrew Edwards on the SNB Surprise, Leverage and Forex industry upheaval
In our continuing coverage of how some of the Forex industry's leading firms dealt with Black Thursday and what has followed, we are pleased to speak today with Andrew Edwards, CEO of leading UK-based online trading firm ETX Capital. With a lot of the talk post-SNB move revolving around M&A - e.g. who might buy…
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January 26, 2015 BY LeapRate Staff
KVB Kunlun reports 2014 Revenues and Profit increase due to increased volatility
... however the company did not really tell us anything we didn't already know.
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January 25, 2015 BY LeapRate Staff
Alpari UK administrator reports inconsistencies found in trades after SNB announcement
Alpari UK's Special Administrator, KPMG, has issued an update to (former) clients and creditors of the company. Interestingly, KPMG points out that in its initial review of trades at Alpari UK on the fateful day of Thursday January 15 (after the SNB's surprise move removing the EURCHF 1.20 floor) it has found some 'inconsistencies' in…
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January 25, 2015 BY LeapRate Staff
Saxo Bank reports possible $107 million loss from Black Thursday, but remains well capitalized
Copenhagen based retail forex broker Saxo Bank has issued an update on Swiss Franc Black Thursday, and how trading that day may affect the company's financial reports. Saxo Bank reports that due mainly to negative client balances on which it may not be able to collect, the bank may be forced to take a loss…
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January 24, 2015 BY LeapRate Staff
Alpari RU remains aggressive, offers 30% deposit bonus to ex Alpari UK clients
The Russia arm of the Alpari Group, which emerged unscathed from Swiss Franc Black Thursday, has continued a PR and marketing campaign to help distance itself from the fate of Alpari UK, which has entered insolvency. We had earlier reported that Alpari RU announced a zero minimum deposit requirement on all trading accounts. Now Alpari…
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January 23, 2015 BY LeapRate Staff
ETX puts in a proposal to acquire Alpari UK - LeapRate Exclusive
LeapRate Exclusive.. LeapRate has learned that leading UK online broker ETX Capital has put in a proposal to acquire Alpari UK out of administration. The following statement was received from ETX Capital: ETX has provided KPMG with a proposal to acquire assets of Alpari (UK) Limited. Over recent months ETX Capital has acquired Shelbourne markets…
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January 23, 2015 BY LeapRate Staff
FxPro to launch MT5 trading platform
FxPro is expecting to launch the MT5 platform in the coming weeks.
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January 23, 2015 BY LeapRate Staff
Alpari UK Administrator KPMG - proposal will be out by March 16
It looks like the Special Administrator for the insolvent Alpari UK, the accounting firm KPMG, has itself quite organized in dealing with the situation. KPMG has already issued instruction letters to both (former) clients and creditors of Alpari UK, with instructions for each to follow. In its letters, KPMG indicates that it will issue specific…
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