It has been exactly two weeks since we reported that retail forex broker Gain Capital Holdings Inc (NYSE:GCAP) had seen its shares fall to a new 52 week low, with GCAP hitting $5.70 on October 14. Well, things haven't gotten much better since then. Gain Capital, parent company of retail forex broker Forex.com and institutional brand GTX,…
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Saxo Capital Markets UK Limited, the FCA-regulated arm of Denmark-based multi asset broker Saxo Bank, has reported its 2015 financial statement and report which clearly show some good news and overall progress for the business, but also some bad news. To dispense first with the bad news, Saxo UK posted that it took a £7…
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Tough times for the US based retail forex brokers. And their shareholders. Shares of Gain Capital Holdings Inc (NYSE:GCAP), parent company of retail forex broker Forex.com and institutional brand GTX, have continued to drift downward the past few months, hitting a 52 week low late last week. At Friday's close of $5.70, Gain Capital shares are…
Read moreIt was a very busy Forex Industry News week at LeapRate, with a little of everything - public offerings, M&A, regulatory moves, new licenses, executive moves, financial results.... and of course, our usual dose of behind-the-scenes exclusive coverage you'll see only at LeapRate. Our most popular guest posts this week were: 4 ways to enhance the…
Read moreIsraeli financial regulator the Israel Securities Authority (ISA) has issued a Dealers' license to five Retail Forex brokers, allowing them to formally begin taking on Israel-based traders. The licenses take effect as of October 31, 2016. New Israeli regulations took effect effect in July covering different aspects of online trading. The ISA has been taking aggressive…
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Further to our report yesterday that the founding group of CFD broker Plus500 Ltd (LON:PLUS) had filed plans to sell about 40% of their collective holdings in Plus500, the company has announced that the placement has concluded but at a significant discount to Plus500's closing share price from last night. In total (see table below),…
Read moreCFD broker Plus500 Ltd (LON:PLUS) has announced that the founders of the Company - Alon Gonen and Gal Haber (pictured above), as well as Elad Ben-Izhak, Omer Elazari and Shlomi Weizmann - have notified the company of their intention to sell in aggregate up to 15.5 million of their Plus500 shares. The 15.5 million shares…
Read moreRetail Forex and CFDs broker Plus500 Ltd (LON:PLUS) continues to issue stellar financial results, although the company's growth seems to have slowed a bit in Q2-2016. Plus500 released its First Half 2016 financial report this morning, indicating that the company's Revenues in Q2 came in at $73.6 million - one of its best quarters ever…
Read moreBack in February LeapRate broke the news of a major restructuring at the Markets.com unit of Teddy Sagi's online gaming giant Playtech PLC (LON:PTEC), which included mass layoffs in a restructuring of sales, retention and customer service operations at the retail forex broker. So it should come as not too much of a surprise that…
Read moreMarkets eventually get it right. Even if it takes a while. In one of our initial post-Brexit analysis articles, we opined that one of the big winners from the Leave victory in the UK Brexit referendum was the online trading sector, and specifically the CFD broker. Like everyone else out there we have no idea…
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