January 23, 2015 BY LeapRate Staff
FXCM letter to clients to repay negative balances
FXCM has taken another step to erase negative client balances - merging accounts.
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January 22, 2015 BY LeapRate Staff
Do FXCM clients with negative equity balances have a right to refuse to pay?
FXCM has stated that its policy is generally not to pursue claims for negative equity against our customers.
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January 22, 2015 BY LeapRate Staff
Saxo Bank CFO/CRO Steen Blaafalk on Thursday's incredible action and new leverage limits
Steen Blaafalk gives us some insight into what it was like on the inside last Thursday, and provides more insight into Saxo Bank's new margin policies.
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January 22, 2015 BY LeapRate Staff
Gain Capital decides to forgive negative client balances - LeapRate Exclusive
LeapRate Exclusive... LeapRate has learned that retail forex broker Gain Capital Holdings Inc (NYSE:GCAP) and its Forex.com unit have sent messages to clients (see example below) that they will not be required to repay negative client balances in their accounts. That marks a quick reversal for Forex.com. On Tuesday we reported that Forex.com (as well as…
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January 21, 2015 BY LeapRate Staff
FXCM shares rise, Class Action law firms circle the wagons
A number of law firms specializing in securities class action lawsuits are 'investigating FXCM' and searching for FXCM shareholders to hire them.
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January 21, 2015 BY LeapRate Staff
FXCM closes trading at $1.60 a share, market value now $131 million
More than 94 million FXCM shares changed hands in Tuesday trading, as investors tried to get a handle on FXCM's new value to shareholders after the Leucadia investment.
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January 21, 2015 BY LeapRate Staff
IronFX Global in talks to acquire Alpari UK out of administration - LeapRate Exclusive
The Alpari UK saga is not yet over, with sources close to the company telling us that the sale of assets is in good progress.
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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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January 20, 2015 BY LeapRate Staff
FXCM shares trading below $1.50 in the premarket heading toward the open
Quick update on FXCM Inc (NYSE:FXCM) as we head toward the US stock market open in just a few minutes. FXCM shares have been trading fairly actively in the premarket this morning US time. Early indications were that FXCM would open in the $2.50-$3.00 range. However FXCM's share price has continued to slide as we head…
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January 20, 2015 BY LeapRate Staff
Certain Forex brokers going after traders to repay 'negative client balances' - LeapRate Exclusive
LeapRate Exclusive... LeapRate has learned that some retail forex brokers are now going about the (very difficult) process of trying to get their clients to repay negative client balances. A lot of retail forex traders (which were short the Swiss Franc) lost on paper more than their money on deposit. A lot more. For example, a…
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