Further to our article yesterday regarding an email that went out from PowerOption, stating that the company was being shut down, PowerOption and its parent, Ireland-based parent AvaTrade put out a statement clarifying the situation. In brief, PowerOption is alive and well and remains open - and indeed remains one of the few CySEC-regulated binary options…
Read moreConfirming our earlier post on the matter, retail forex broker eToro has successfully raised $27 million from units of China’s Ping An and Russia’s Sberbank. Current investors Spark Capital and BRM also participated in the financing. The round also includes a credit facility from Silicon Valley Bank. Industry sources tell LeapRate that the financing was done at…
Read moreLeapRate has learned from regulatory filings with the London Stock Exchange that investment house JP Morgan has reduced its holdings in CFD broker Plus500 (PLUS.L) to just under 5% of the company's outstanding shares. As of December 9, JPM's holdings in Plus500 were reduced to 5,738,332 shares (worth about £31.7 million), down from 6,710,399 shares held previously.…
Read moresmartTrade Technologies, a global leader in sophisticated cross-asset trading solutions for buy and sell side financial institutions, announces its ongoing expansion into the Asia Pacific region with the opening of a new office in Singapore. Already serving the Asia Pacific region via its Tokyo office, smartTrade has seen the need to increase its local presence…
Read moreLeading retail forex broker FXCM (NYSE:FXCM) has reported its November FX trading volumes: Retail customer trading volume of $418 billion in November 2014, 18% lower than October 2014 and 36% higher than November 2013. Institutional customer trading volume of $342 billion in November 2014, 13% lower than October 2014 and 77% higher than November 2013.…
Read moreWhen the Chinese do something, they do it big. And so it shouldn't surprise anyone in the FX sector that when volatility returns to China's financial markets, it does so in a very big way. China's Yuan currency saw its biggest one day drop on Tuesday since 2008, with the USDCNH trading down 0.5% to…
Read moreDATE: December 8th, 2014 BY: Attila Kalmar BROKER: WealthTrade FX TOPIC: Withdrawal I filled a withdrawal request form on 16th of October on broker homepage. Nothing happened till now. I sent to them letters with my questions, but no one answered for me. The funds still are on my account. ———— You can view and…
Read moreWe've done some more digging, following our exclusive coverage of IronFX's plans to go public in an $800 million IPO early next year. And we've come up with some data from IronFX's preliminary filing with the US Securities and Exchange Commission. We'd note once more, that all data in an IPO prospectus goes through fairly thorough…
Read moreThe Wall Street Journal is reporting that Cyprus-based Retail Forex broker IronFX is already in the advanced stages of going public in the US early next year, in an IPO which could value the company at about $800 million. The IPO would value IronFX at more than twice the valuation of Gain Capital (NYSE:GCAP), which…
Read moreVery interesting blog post put out today by forex platform provider Leverate entitled FX2020: Ask the Experts, reviewing some fairly bold and intuitive predictions about how the FX trading sector will change and look like five years or so down the road. We repeat the blog post below, you can also see it on Leverate's website.…
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