Our lead Forex Industry News story of the week - our exclusive account of what happened to Retail FX broker BMFN in China - seems to have created a lot of flack and discussion. What happened to BMFN - being told to leave China - is clearly also happening to some other foreign FX brokers…
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Binary options technology and brokerage company TechFinancials Inc (LON:TECH) has announced that it has notified Cyprus financial CySEC of its intention to withdraw the Cyprus Investment Firm (CIF) license of its regulated subsidiary B.O. TradeFinancials Limited (BOT), and that it plans to shut down its OptionFair binary options brand, returning all client funds. BOT is the…
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Binary options technology and brokerage company TechFinancials Inc (LON:TECH) has announced that it has cancelled the planned sale of its Binary Options holdings, after the buyers were unable to secure the necessary regulatory approvals for the deal by a self-imposed deadline of January 31, 2018. As we reported in late November, TechFinancials came to an…
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Well here's a neat way to create value for your shareholders. Sell (dump, really) your main business for next to no consideration, call yourself a Blockchain technology company, and wait for traders to bid up the price your stock. Sound silly? Well, that's what has happened at (now former) Binary Options platform operator TechFinancials Inc…
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While there was much to ponder in Forex Industry News this past week, our coverage was highlighted by a number of senior executive moves at some of the leading FX sector companies. Who's the new CEO at RationalFX? Which former City Index executive is joining Ikon Finance ahead of its relaunch as an institutional FX…
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Binary options technology and brokerage company TechFinancials Inc (LON:TECH) is getting out of the broker side of the business. TechFinancials today announced that it has agreed to sell its CySEC licensed subsidiary B.O. TradeFinancials Limited which operates the OptionFair binary options brokerage brand, as well as another related subsidiary MarketFinancials Limited, to a Cyprus incorporated company called…
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Binary options platform and brokerage group TechFinancials Inc (LON:TECH) has issued its Trading Update for the first six months of 2017 and, not unexpectedly, did not contain much good news. As the binary options sector has been hit hard both by regulators worldwide, including TechFinancials' home country of Israel, and by a lot of negative press…
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LeapRate Exclusive Analysis... Last week's release of 2016 financial results by binary options platform and brokerage group TechFinancials Inc (LON:TECH) came and went without too much notice or fanfare. Indeed, the market was not too impressed with what TechFinancials had to say as the company's shares traded down by 13% right after the results were…
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Shares of binary options platform provider TechFinancials Inc (LON:TECH) plunged by more than 30% on Tuesday, after the company disclosed that it was going to lose its largest client, binary options broker 24option.com. The decline triggered two successive 5-minute Price Monitoring Extension periods in London Stock Exchange trading in the stock. A Price Monitoring Extension is activated…
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Binary options platform provider and operator TechFinancials Inc (LON:TECH) issued a Trading Update on its 2016 financial results, which seemed to indicate that things are going well at the company. TechFinancials, whose primary business is selling Binary Options platforms but also operates its own binary options brand OptionFair, stated that trading in H2 2016 has been consistent…
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