Brokeree Solutions, a high-grade technology provider for forex brokers, has announced the release of an addition to its portfolio of MT5 products - Trade Copier plugin. The company said that since 2013 it has developed over 50 bespoke solutions for MetaTrader 4 and 5 brokers, thus gaining trust within the industry as a reliable technology…
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FCA regulated Prime of Prime brokerage Stater Global Markets has announced that FX industry veteran Ashraf Agha has been appointed as a Strategic Advisor to the company, bringing significant expertise in operations, compliance and Prime of Prime. Ashraf Agha has almost 30 years’ experience in the financial sector, with roles including Head of Treasury at…
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European financial regulatory body ESMA has come out with more details on its decision to extend its CFD leverage cap for a second three month period. The new ESMA rules governing leveraged CFD and Forex trading came into effect on August 1, with ESMA announcing at the end of September that it would renew the…
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Recently-launched Cyprus based Retail FX and CFDs broker Capital.com has announced that it has secured a license for UK subsidiary Capital Com (UK) Limited from the FCA. We have learned via regulatory filings that Capital.com's shareholders injected an additional £679,000 of capital into the UK company at the beginning of this month, to satisfy the…
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FCA regulated FX liquidity and Prime of Prime solutions provider CFH Clearing has announced that it has formed a strategic partnership with oneZero Financial Systems, a technology and infrastructure provider for financial institutions and retail brokers. This partnership means CFH can now provide local liquidity from New York (NY4) to brokers and banks. CFH now offers local…
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Trading solutions provider Spotware has announced the appointment of Alexander Geralis as Chief Product Officer of cXchange, its digital asset exchange solution. In his new role, Alexander will undertake the overseeing of the product’s development and raising awareness on the international arena. Alexander Geralis stated of his appointment: I am proud to join Spotware’s team…
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UK financial regulator the Financial Conduct Authority (FCA) has announced that, as part of an HM Treasury led Cryptoasset Taskforce, it has co-published a report on the UK’s policy and regulatory approach to cryptoassets. Among other things (see below), the FCA said that it is looking at a full ban on crypto related CFD trading…
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In the latest of a series of senior management moves made after China's Geely Group moved to take control of the company late last year, Copenhagen based Retail FX brokerage group Saxo Bank has announced the appointment of Lars Kufall Beck as Global Chief Financial Officer (CFO), effective no later than May 1, 2019. Lars…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that FCA regulated retail FX and CFDs broker Fortrade Limited had a fairly flat year in 2017, after tripling its revenue and activity base in 2016. Fortrade popped up on the UK CFD scene in 2016, as noted nearly tripling its revenue that year to £15.9 million,…
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How much did ESMA's new leverage cap affect the Q3 results of leading UK CFD broker Plus500? Who is behind the launch of Fondex, a new CySEC-licensed Retail FX brand? What is Finotec's (latest) new strategy, following a net loss in 2017? How will Swissquote be enabling its clients to participate in ICOs? Which major…
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