IG responds to FCA leverage and bonus directives: how about foreign brokers? LeapRate

December 06, 2016 BY LeapRate Staff

IG responds to FCA leverage and bonus directives: how about foreign brokers?

UK online trading leader IG Group Holdings plc (LON:IGG) issued a brief response to this morning's new directives from the FCA, banning bonus payments to retail traders and limiting CFD trading leverage to 50x. The response was issued after IG shares, and those of its main publicly traded competitors including CMC Markets Plc (LON:CMCX) and Plus500 Ltd…

December 06, 2016 BY LeapRate Staff

FCA bonus ban and leverage cap sends IG, CMC and Plus500 shares diving 26-30%

The fallout from the FCA's move this morning to ban account opening bonus payments to retail traders, as well as a hard 50x leverage cap on CFD trading, has been quick and swift. And, fairly severe. Shares of several publicly traded FCA regulated CFD brokers including IG Group Holdings plc (LON:IGG), CMC Markets Plc (LON:CMCX)…

November 30, 2016 BY LeapRate Staff

IG Group reports strong second quarter for Fiscal 2017

UK online trading giant IG Group Holdings plc (LON:IGG) has issued a Trading Update covering its performance over the first six months of Fiscal 2017. IG has a May 31 year end, so the period covered is from June-November 2016. IG indicated that it continues to perform in line with expectations, after a strong second quarter.…

November 27, 2016 BY LeapRate Staff

Forex Industry Week Review: bonus ban, auditors resign ADS Securities, broker results, and lots more…

Forex Industry News this week once again included a number of exclusive posts seen only at LeapRate on regulator actions (a coming deposit bonus ban by CySEC), and key changes at leading FCA regulated brokers - auditor resignation at ADS Securities, LCG repricing management shares and options... Our most popular guest post this week was on…

November 23, 2016 BY LeapRate Staff

CMC Markets sees Revenues down 17% and Profits off 30% in slow First Half 2017

London-based online trading firm CMC Markets Plc (LON:CMCX) has reported its results for the first six months of fiscal 2017 (CMC Markets has a March 31 year end, so the first half covers April 1 through September 30, 2016). And, they showed a significant slowdown in business, despite including the very active trading period around June's Brexit vote.…

November 03, 2016 BY LeapRate Staff

UK online trading survey: IG leads, with CMC Markets, Plus500 and FXCM gaining in CFDs and FX

Australia based research house Investment Trends has released its 2016 UK Leverage Trading Report, an in-depth analysis of UK traders and investors’ attitudes and investing habits based on a large-scale survey of more than 12,000 UK investors conducted both before and after the Brexit vote. Not surprising, perennial industry giant IG Group Holdings plc (LON:IGG) remains…

September 26, 2016 BY Valentina Kirilova

AxiTrader hires Oanda and CMC Markets veteran Louis Cooper as Global Head of Retail Services

Leading Australia-based Retail Forex and CFDs broker AxiTrader has announced the appointment of Louis Cooper as Head of Global Retail Sales. Cooper, a seasoned executive in the CFD and FX industry, will spearhead AxiCorp’s efforts in capturing new markets as the company solidifies its global footprint. The move came on the heels of the company’s…

September 09, 2016 BY LeapRate Staff

Is September really the worst month for stock markets?

CMC Markets analyst Jasper Lawler takes a look at a long discussed phenomenon among traders - is September really the worst month historically for stock markets? And if so, why?

September 08, 2016 BY LeapRate Staff

CMC Markets shares dive 12% after negative comments in quarterly Trading Update

Shares of rival online broker IG Group also hit by CMC comments on low client trade values during

August 15, 2016 BY LeapRate Staff

Joe Rundle in, Jacob Plattner out as Managing Director of GKFX - LeapRate Exclusive

LeapRate Exclusive... LeapRate has learned that FCA regulated broker GKFX has made a change in senior management, with Managing Director Jacob Plattner leaving the company in favor of hiring Joe Rundle (pictured at left) for the position. LeapRate had reported exclusively at the beginning of the summer that Rundle had left ETX Capital (as Head of Trading)…

Tag: CMC Markets Plc (LON:CMCX)

IG responds to FCA leverage and bonus directives: how about foreign brokers?

FCA bonus ban and leverage cap sends IG, CMC and Plus500 shares diving 26-30%

IG Group reports strong second quarter for Fiscal 2017

Forex Industry Week Review: bonus ban, auditors resign ADS Securities, broker results, and lots more…

CMC Markets sees Revenues down 17% and Profits off 30% in slow First Half 2017

UK online trading survey: IG leads, with CMC Markets, Plus500 and FXCM gaining in CFDs and FX

AxiTrader hires Oanda and CMC Markets veteran Louis Cooper as Global Head of Retail Services

Is September really the worst month for stock markets?

CMC Markets shares dive 12% after negative comments in quarterly Trading Update

Joe Rundle in, Jacob Plattner out as Managing Director of GKFX - LeapRate Exclusive

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