Exclusive: China controlled Retail FX broker Aetos Capital UK posts £1.2 million loss in 2017 LeapRate

August 21, 2017 BY LeapRate Staff

Exclusive: China controlled Retail FX broker Aetos Capital UK posts £1.2 million loss in 2017

LeapRate Exclusive... LeapRate has learned via regulatory filings that FCA regulated Retail FX and CFDs broker Aetos Capital Group (UK) Limited saw its Revenues evaporate in Fiscal 2017 (year ended March 31, 2017), as the company posted a loss of £1.2 million (USD $1.5 million). Aetos UK is part of Aetos Capital Group, a company controlled…

August 21, 2017 BY Valentina Kirilova

Pepperstone EEA clients required to close and transfer Australian accounts to Pepperstone UK

LeapRate Exclusive… After we exclusively reported back in February that leading Australia based retail forex and CFDs broker Pepperstone suspended all activity in its FCA-regulated UK subsidiary Pepperstone Limited, a week ago LeapRate has shared that the company has finalized its management and operational changes and is now once again open for business in the UK. When…

August 11, 2017 BY LeapRate Staff

Fortrade nearly triples its Revenue in 2016 to £15.9 million

Another independent Retail FX and CFD broker seems to have made a dent in the UK online trading market. FCA regulated Fortrade Limited has reported that its Revenues in 2016 nearly tripled to £15.9 million (USD $20.6 million), up from just £5.5 million the previous year. Fortrade reported a profit of £954,000 for the year, versus a loss…

August 11, 2017 BY LeapRate Staff

Exclusive: Pepperstone UK reopens after suspending FX trading in February

LeapRate Exclusive... After we exclusively reported back in February that leading Australia based retail forex and CFDs broker Pepperstone suspended all activity in its FCA-regulated UK subsidiary Pepperstone Limited, LeapRate has learned that the company has finalized its management and operational changes and is now once again open for business. We expect the company to…

August 09, 2017 BY LeapRate Staff

Exclusive: Formax UK posts £700,000 loss ahead of FCA brokerage launch

LeapRate Exclusive... LeapRate has learned that the FCA regulated arm of China based online brokerage group Formax Group is getting set to make a large marketing push in the UK and Europe. To that end, the company's UK subsidiary Formax Prime Capital (UK) Limited has incurred a 2017 fiscal year (ended March 31) loss of £707,834, on…

July 15, 2017 BY LeapRate Staff

Exclusive: Rod Martenstyn jumps from spreadbetting broker Core Spreads to GKFX as CFO

LeapRate Exclusive... LeapRate has learned that FCA regulated retail FX and CFDs broker GKFX has added Rod Martenstyn as its new CFO. Rod Martenstyn joins GKFX from Finsa Europe Ltd, the parent company of spread betting and CFD trading brokerage Core Spreads, where he held a similar role. Mr. Martenstyn has also resigned from the board of…

July 14, 2017 BY LeapRate Staff

Retail FX and CFDs broker INFINOX ups client insurance protection to £1 million

FCA regulated retail forex and CFD broker INFINOX Capital Limited has announced that it has further raised the threshold of its 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…

July 06, 2017 BY LeapRate Staff

Exclusive: FX broker GKFX raises additional £12 million from shareholders to fund retail and institutional growth

LeapRate Exclusive... LeapRate has learned from sources close to the company that FCA regulated forex and CFDs broker GKFX has raised an additional £12 million (USD $15.5 million), to help fund the company's continued growth push in both the Retail and Institutional FX sectors. The current fundraising, injected into the company by controlling shareholder Kasim Garipoglu…

June 23, 2017 BY LeapRate Staff

Exness upgrades UK FX brokerage to 'IFPRU €730k' FCA license

Further to our earlier exclusive report that Cyprus-based retail forex broker Exness has made an application to the UK financial regulator FCA to increase the scope of its FCA-licensed arm, Exness Europe Limited (Exness UK), the company today announced that Exness UK has received approval from the FCA to upgrade its permissions to a full scope, "IFPRU…

June 23, 2017 BY LeapRate Staff

Exclusive: GMO Click UK retail FX unit Z.com Trade posts £1.8 million loss in Fiscal 2017

LeapRate Exclusive… Even for the largest global retail forex brokers, breaking into the coveted UK online trading market isn't easy. LeapRate has learned via regulatory filings that GMO-Z.com Trade UK Limited, the FCA regulated brokerage arm of Japanese retail forex giant GMO Click Holdings Inc (TYO:7177), posted a £1.8 million (USD $2.3 million) net loss for Fiscal 2017,…

Tag: FCA regulated brokers