LeapRate Exclusive... LeapRate has learned via regulatory filings made in Switzerland and the UK that social trading and CFDs broker Ayondo has invested £850,000 (USD $1.1 million) more into its FCA regulated UK arm Ayondo Markets Limited. The move was made to help the support and provide additional capital to Ayondo Markets, which apparently is…
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LeapRate Exclusive… LeapRate has learned via regulatory filings that FCA regulated Forex and CFD brokerage GCM Prime Ltd has grown its business nicely in its first full year of operation. For the nine months ended December 31, 2016, GCM Prime brought in Revenues of £1.5 million, had an operating loss of £227,000, and grew its Client…
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LeapRate Exclusive… LeapRate has learned via regulatory filings that FCA regulated Retail Forex and CFD brokerage HYCM brought in revenues of £3.1 million in 2016, a figure virtually identical to that of 2015. Net profit for the year at HYCM of £362,000 was also about the same as last year. The results include those of HYCM…
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LeapRate Exclusive... LeapRate has learned via filings made in the UK and the UAE that Arab-focused retail forex broker One Financial Markets has seen a nice bump in its business activity and profitability in 2016, after what was a fairly difficult 2015 for the company. On the top line, One Financial brought in record Revenues…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that FCA regulated MT4 broker ActivTrades has just reported its financial results for what seems to have been a very successful 2016. ActivTrades, which is controlled by Swiss entrepreneur Alex Pusco who still serves as the company’s CEO, saw Revenues grow by 11% in 2016 to £34.9…
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LeapRate Exclusive... LeapRate has learned via regulatory filings in the UK that Andrew Bud has resigned from the board of directors of Monecor (London) Limited, parent company of FCA-regulated Retail Forex and CFDs broker ETX Capital. Andrew Bud is founder and CEO of iProov, a London-based startup in the field of facial recognition and user…
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LeapRate Exclusive... LeapRate has learned that CySEC licensed retail forex broker FXPRIMUS has hired a new Head of Sales, in the person of Alex Holmes. Alex Holmes is joining FXPRIMUS after about a year at Windsor Brokers, where he was Sales Manager. Prior to joining Windsor Brokers last year Mr. Holmes spent seven years at…
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LeapRate Exclusive... LeapRate has learned that Hong Kong based forex brokerage solutions provider Broctagon Solutions has established a subsidiary in Cyprus, ahead of the planned launch of a regulated Prime Brokerage and Liquidity Solutions business. The company has established a sub called Broctagon Prime Ltd, and has already received its CySEC CIF license. The license became…
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LeapRate Exclusive... LeapRate has learned via filings made in the UK and Australia that ThinkMarkets UK more than tripled its Revenues in 2016 to £3.8 million (USD $5 million). ThinkMarkets UK, via FCA regulated holding company TF Global Markets (UK) Limited, is the UK arm of Australia-based retail forex broker ThinkMarkets. ThinkMarkets set up its UK…
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LeapRate Exclusive... LeapRate has learned that Limassol, Cyprus based institutional FX liquidity provider PositivaFX has hired Dominic Poynter as its new Head of Marketing. Dominic Poynter is joining PositivaFX after spending the past three years at retail forex broker easyMarkets as its Director of Marketing Operations, including overseeing that company's rebranding from easyForex to easyMarkets…
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