It has been quite a year in the forex industry in 2014. We're exiting the year with near-record volatility in key currency pairs such as the EURUSD and EURCHF, as well as Yen and Ruble pairs. The USD is at multi-year highs, while Crude Oil is at multi-year lows. Valuations of publicly traded forex brokers…
Read moreCitigroup Inc is exiting retail banking businesses in a number of countries, focusing more on institutional clients.
Read moreLeapRate Exclusive.... LeapRate has obtained the official company statement from EZTrader on the withdrawal of its CIF license suspension by CySEC. EZTrader's CIF license was suspended temporarily by Cyprus financial regulator CySEC in late November. CySEC removed EZTrader's suspension yesterday, stating that it has been satisfied that the company complied with the provisions of the Law. The…
Read moreCyprus financial regulator CySEC has withdrawn the suspension of binary options broker EZTrader (via its parent company WGM Services Ltd), and restored its CIF license. EZTrader also owns and operates the GlobalOption.com and EZInvest.com brands, and the 888binary.com which targets the Chinese market. The company is run by founder and CEO Shimon Citron. Its board of directors includes…
Read moreLeapRate Exclusive... LeapRate has learned that Fadi Alkhatib has joined retail forex broker GKFX, to head GKFX's Dubai office and its business generally in the Middle East region. Alkhatib joins from Abu-Dhabi based ADS Securities, where he was VP Sales the past two and a half years. Before his stint at ADS, Alkhatib also worked in senior…
Read moreShares of UK spreadbetting broker IG Group Holdings plc (LON:IGG) have been on the rise lately, and Monday hit brand new territory. IG shares topped the £7 level for the first time ever during Monday trading on the London Stock Exchange, changing hands as high as £7.09 before settling to close at £7.04, up 2%…
Read more3V allows online shopping without a credit card by delivering prepaid, short-term disposable Visa numbers.
Read moreJust a week and a half after purchasing a personal 1,650,000 share stake in the company he already controls, Charles-Henri Sabet has turned around and sold 200,000 of those shares of London Capital Group Holdings plc (LON:LCG). The price of both purchase and sale were identical, at 33 pence per share. Sabet's personal LCG stake…
Read moreNearly a month after it had reported that an acquirer had emerged to make a HK$0.65 bid for the company, Hong Kong retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) has finally provided an update, and in truth it isn't much of one. KVB has made a further filing with the Hong Kong Exchange (HKEx)…
Read moreCanadian financial regulator Ontario Securities Commission (OSC) has issued a warning regarding binary options broker Option.fm. Option.fm is owned by B. O. Technologies Limited, also doing business as Option Financial Markets. According to the OSC, Option.fm is not registered in Ontario, Canada to engage in the business of trading in securities, or advising anyone with respect…
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