FCA regulated retail forex and CFD broker INFINOX Capital Limited has announced that it has raised the threshold of clients’ insurance above the £50,000 compensation per customer provided by the Financial Services Compensation Scheme (FSCS), which is the fund of last resort for customers of UK authorised firms provided in case of a firm’s default or…
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Swiss online banking and brokerage leader Swissquote Group Holding SA (SWX:SQN) has announced its results for 2016, indicating a nice rise in both Revenues and profitability. All areas of Swissquote contributed to the increase, except the company's eForex business which saw slightly lower trading volumes, although margins did increase along with eForex customer assets. Forex…
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LeapRate Exclusive... LeapRate has learned that CySEC regulated retail forex and CFDs broker JFD Brokers has added Demetris Tsingis to its Board of Directors as an independent non-executive director. Demetris Tsingis runs FINCAP Advisers Ltd., a boutique financial advisory firm which provides turnkey tailored services to regulated financial entities, offering licensing and post-licensing services across all renowned EU…
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LeapRate Exclusive... LeapRate has learned that FCA regulated Retail Forex brokerage ETX Capital has made another major acquisition of the client list of an active Forex brokerage, its third such acquisition over the past three years. And apparently it is looking for more. The acquired client list is of PipIndex, an MT4 broker which was effectively…
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Continuing its string of warnings against unregulated brokers and other scams targeting retail traders in Canada, Canadian securities regulator the British Columbia Securities Commission (BCSC) has added to its Investment Caution List MT4 forex broker Trade12, owned and operated by Exo Capital Markets Limited and Global Fin Services Ltd. from website trade12.com. According to the…
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International derivatives broker Sucden Financial has appointed Noel Singh as Head of eFX Business Development, where he will lead the firm’s development of its non-bank FX prime brokerage business. Singh will specifically target institutional firms, including asset managers, hedge funds and prop trading houses. His appointment comes as part of a significant investment plan to…
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LeapRate Exclusive... LeapRate has learned that Australia-based retail forex broker Pepperstone has suspended trading for clients in its UK subsidiary Pepperstone Limited. LeapRate had exclusively reported last September on Pepperstone's somewhat quiet entry into the FCA regulated broker market. Pepperstone acquired what is now its UK subsidiary from online entrepreneur Mohammed Tayeb, who alongside his broker Omar…
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GAIN Capital Holdings, Inc. (NYSE: GCAP), the U.S. based provider of online trading services, announced that it has successfully migrated the former U.S. customers of FXCM Inc (NASDAQ: FXCM) to GAIN'S retail brand FOREX.com. Over the weekend, GAIN transferred over 47,000 accounts with total assets of approximately $142 million. To ensure that the migration was successful…
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Swiss interdealer broker Compagnie Financiere Tradition SA (SWX:CFT) announced that has delivered an initial margin optimization in FX, after extending its partnership with LMRKTS, a compression and analytics provider. Tradition and LMRKTS announced a strategic partnership in 2016 to handle execution and compression processing for G10 FX Forwards. Earlier this month, the two firms completed…
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LeapRate Exclusive... LeapRate has learned via regulatory filings in the UK, and in discussion with industry insiders, that Daniel Skowronski has resigned as CEO of the UK subsidiary of retail forex broker Oanda, Oanda Europe Limited. Mr. Skowronski had been CEO of FCA-regulated Oanda UK for the past three years, joining Oanda after serving in…
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