Clearly, the most seminal moment of the past five years in the Forex trading industry was January 15, 2015. Often still referred to in currency trading circles as Black Thursday, 15/01/2015 was the day that the Swiss National Bank decided to surprise the markets by stating that it would no longer support the Euro against…
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Which Retail FX broker in London raised £2.8 million - and why? Which Chinese investors put HK$200M into Hong Kong Retail FX brokers KVB Kunlun? Who is the new CEO at FCA regulated institutional FX broker Fixi plc? What did the IOSCO have to say about limiting CFD leverage - and how does its position…
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CFD broker Plus500 Ltd (LON:PLUS) has reported its financial metrics for 2017, indicating record results for both the full year and for what was an amazing Q4 - plus (no pun intended), an even better start to 2018. Overall for 2017, Plus500 brought in $437.2 million of Revenue versus $327.9 million in 2016 - an…
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LeapRate Exclusive... LeapRate has learned that Finsa Europe Ltd., which operates online spreadbetting, CFD and Forex trading brokerage brand Core Spreads (at corespreads.com), has received a capital injection of £2.8 million from the company's controlling shareholder Jasper White. The investment marks a large milestone for the company, as to date only £192,000 was invested in the company,…
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It was a very mixed bag of Forex Industry News this past week with topics running from M&A to international expansion to regulation to marketing... And, as usual, the week's top stories appeared only or first on LeapRate. How much did Formax pay for social and copy trading provider ZuluTrade? Why was the sale of…
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LeapRate Exclusive... New Pepperstone CEO Tamas Szabo continues to make his mark on the company, which - not surprisingly - is now including bringing in some of his former IG Australia colleagues, who helped Mr. Szabo grow London based IG Group Holdings plc (LON:IGG) into the leading online broker down under. LeapRate has learned that…
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UK online trading leader IG Group Holdings plc (LON:IGG) revealed results of its #ReplytoESMA website survey, indicating a very strong anti-ESMA stance among the more than 14,000 replies. As we reported earlier this week, ESMA has come under a lot of pressure to alter its plans to enforce a maximum leverage cap of 30x for…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that Tamas Szabo (pictured above) has stepped onto the board of Pepperstone Limited, the FCA regulated subsidiary of leading Australia based Retail FX broker Pepperstone, as Pepperstone begins to expand its operations in the UK and Europe. As was exclusively reported by LeapRate, last October Pepperstone hired…
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Will ESMA change its mind? While all formal indications to date indicate that ESMA plans to carry through with its new rules governing online trading - including a 30x leverage cap on CFDs - insiders within ESMA have admitted that the pan-European regulator has seen a virtual deluge of responses to its proposals, numbering in…
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In Forex Industry News this past week… How did Israel's Supreme Court rule on an appeal against the country's new Binary Options ban law? Where did IG Group Holdings plc (LON:IGG) see the most growth on its way to record results in the first half of Fiscal 2018? What levels of trading volumes is social…
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