LeapRate Exclusive Interview... LeapRate has learned that the latest recipient of a CySEC CIF license is a company called Capital Com SV Investments Ltd, which is set to launch its business using the Capital.com domain. The Capital.com CIF license was received and activated as of last week, April 7, 2017. So what is Capital.com? Where did…
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Back in summer 2014, LeapRate was first to cover the news of CEO Eric Neo's new project and vision for trading firms to operate in Asia with the latest cutting edge technology in the form of his Trading-Atrium ecosystem. The atrium provides a base for small firms to professionally trade with direct access to financial markets…
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LeapRate Exclusive Analysis... Last week's release of 2016 financial results by binary options platform and brokerage group TechFinancials Inc (LON:TECH) came and went without too much notice or fanfare. Indeed, the market was not too impressed with what TechFinancials had to say as the company's shares traded down by 13% right after the results were…
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LeapRate Exclusive… LeapRate has learned via regulatory filings made in Norway and the UK that Norway’s central bank, Norges Bank, has increased its position in UK online Forex and CFDs broker CMC Markets Plc (LON:CMCX) to 4%, making Norges one of CMC's largest shareholders. The Norges Bank stake in CMC consists of 11.73 million shares, worth about…
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LeapRate Exclusive… LeapRate has learned from filings made in Russia that the Bank of Russia has issued an eighth license to operate a retail forex brokerage operation in the country, to PSB-Forex LLC. PSB-Forex is the newly-established retail forex brokerage subsidiary of second tier Russian commercial bank Promsvyazbank. Promsvyazbank ranks eleventh in assets among Russia's largest banks,…
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LeapRate Exclusive... LeapRate has learned via regulatory filings in the UK that FCA regulated brokerage and platform white label group FINSA Europe Ltd has had a very successful 2016, growing Revenues by 60% to £8.0 million for the year, versus just under £5.0 million in 2015. FINSA Europe operates its own spread betting and CFDs…
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LeapRate Exclusive... LeapRate has learned that Forex brokerage solutions provider MahiFX has received its FCA license in the UK as a matched principal broker. The license was officially granted to MahiFX on March 16, 2017. MahiFX is also licensed by ASIC in Australia and the FMA in New Zealand (holding a Derivatives Dealer license, something that the…
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LeapRate Exclusive... LeapRate has learned via regulatory filings made in the UK and Singapore that King & Shaxson Capital Limited has seen a significant drop in activity in Fiscal 2016. (The company has a June 30 year end). King & Shaxson is the parent company of FCA regulated retail and institutional Forex broker PhillipCapital UK.…
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LeapRate Exclusive Interview... The issue of transparency and fairness in the FX markets has been a hot one of late, with many institutional and retail players making changes in the way they trade and hedge (and with whom they trade and hedge) as a result. We are pleased to speak today on these topics and…
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LeapRate Exclusive... LeapRate has learned that FCA regulated FX broker IKON Finance has decided to exit the Retail Forex sector, to focus solely on institutional clients and services. In addition, due to regulatory restrictions which have been imposed on IKON by the FCA, IKON is no longer accepting any new clients. IKON has been instructed by…
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