AxiTrader launches 16 new currency pairs AxiTrader, Australia's largest domestic FX broker, has announced in a press release that it is starting to offer 16 new currency pairs available for trading. Notably the most engaging addition is trading of the Chinese Yuan against the US dollar (USDCNH). This is a first time that an Australia…
Read moreAxiTrader is the fifth forex broker added by Myfxbook to AutoTrade in just the past month. Myfxbook is on a roll in Australia. The social trading and copy trading service provider has added Australian's leading forex broker AxiTrader (a member of LeapRate's Approved List of global regulated forex brokers) to its growing list of outfits…
Read moreGTL TradeUp's director, Pakistani businessman Mahmood Riaz, is also allegedly linked to another $36M forex fraud case in Italy. Australia's financial regulator ASIC has been busy lately in the forex sphere. After warning investors yesterday about Aussie Rob and his supposed magic trading software, ASIC today issued a more general warning to retail traders about the…
Read moreAustralia's leading retail forex broker hires ex-ODL and FCStone exec to replace Quinn Perrott. LeapRate Exclusive... LeapRate has learned that AxiTrader, the largest retail forex brokerage in Australia, has gone outside the ranks and hired Alex Mackinnon as its new CEO (or in Australia-speak, its new Managing Director). Mackinnon replaces Quinn Perrott, who remains with…
Read moreInvestment Trends annual report places IG #1 overall and AxiTrader as the #1 domestic Australian CFD broker. Research shop Investment Trends has released its annual review of its home CFD market in Australia, and it contains some interesting findings. Mainly, it seems as though Australia has gone mobile -- Australian CFD traders had the highest level…
Read moreGrowth of around 40% driven by a four-fold increase in Binary Options trading. Australian forex and binary options broker Enfinium -- which includes the Vantage FX label -- has announced that June trading volumes hit the $16 billion level in June, up 35% from May. Subsidiary Vantage FX saw volumes rise 41% in June, over…
Read moreNot quite Japan, but retail trading is rapidly becoming an important part of the global forex market. An interesting article in The Australian Financial Review highlights the growing importance of retail forex trading in Australia, Japan and elsewhere around the globe. The conclusions of the article should not be surprising to our readers -- our Retail…
Read moreAustralia's leading Forex broker is main beneficiary of stricter Forex regulations down under. LeapRate Exclusive... LeapRate has learned that AxiTrader, Australia's largest retail forex broker and a member of LeapRate's Approved List of regulated global brokers, saw its June forex trading volumes rise 26% over May to come in at $70 billion. AxiTrader's best-ever month…
Read moreOne of the first Pacific Rim FX brokerage firms to expand abroad. As a correction to our previous story regarding Monex Japan, it was actually Monex Indonesia, another (unrelated) mid-sized Forex brokerage firm, which received its CySEC 'CIF' license to begin Forex trading operations out of Cyprus. (Our apologies to our friends at the Monex…
Read moreGoing against the trend, Australia's AxiTrader enters the U.S. Retail FX market. At a time when we are seeing a number of foreign FX brokerages abandon the heavily-regulated U.S. market (e.g. Forex Club), and even U.S.-based firms close shop domestically to focus on foreign markets (e.g. GFT), along comes AxiTrader going the other way. Australia's…
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