One of the recent 'hot topics' in the Retail Forex world, we're pleased to present a guest post by Tamas Szabo, Chief Executive Officer Australia and NZ of IG Group Holdings plc (LON:IGG) on the changes to retail client money handling rules recently proposed by Australia's Government. For eight years I have been urging our industry, ASIC, the…
Read moreAxiCorp Financial Services Pty Ltd, parent company of leading Australian retail forex and CFD broker AxiTrader, has announced that it has received an investment from private equity firm RGT Capital. Neither party gave much in terms of details of the transaction. However LeapRate has learned that it was a multi million dollar investment for a…
Read moreLeading Australia-based retail forex broker AxiTrader quietly let it slip out that it has hired a new CEO, former OANDA Head of APAC Rajesh Yohannan (pictured at left). Yohannan will actually act as CEO of AxiTrader's parent company AxiCorp Financial Services Pty Ltd, which incorporates both its retail and institutional trading arms that operate mainly under the…
Read moreLeapRate has learned that retail forex broker Saxo Bank has hired Ben Smoker away from rival Gain Capital Holdings Inc (NYSE:GCAP) to act as CEO of its ASIC regulated subsidiary in Australia, Saxo Capital Markets (Australia) Pty Ltd. Ben Smoker has been Country Head of Gain Capital Australia for the past three-plus years. He was previously in…
Read moreLeapRate has learned that retail forex broker Saxo Bank has hired Ben Smoker away from rival Gain Capital Holdings Inc (NYSE:GCAP) to act as CEO of its ASIC regulated subsidiary in Australia, Saxo Capital Markets (Australia) Pty Ltd. Ben Smoker has been Country Head of Gain Capital Australia for the past three-plus years. He was previously in…
Read moreThere are no shortage of bonuses and promotions put out there by online trading firms, but this one is kind of interesting, if only for the size of the prizes. Australia-based retail forex broker AxiTrader has announced what it is calling the Million Dollar Trader competition, to run between February and April 2016. AxiTrader clients will…
Read moreACMAS has had its Australia financial services licence suspension extended until November 27.
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