We've done some more digging, following our exclusive coverage of IronFX's plans to go public in an $800 million IPO early next year. And we've come up with some data from IronFX's preliminary filing with the US Securities and Exchange Commission. We'd note once more, that all data in an IPO prospectus goes through fairly thorough…
Read moreThe Wall Street Journal is reporting that Cyprus-based Retail Forex broker IronFX is already in the advanced stages of going public in the US early next year, in an IPO which could value the company at about $800 million. The IPO would value IronFX at more than twice the valuation of Gain Capital (NYSE:GCAP), which…
Read moreThe Variation of Permission will allow IronFX Global UK to deal as principle and agent in investments as well as to hold client funds.
Read moreHere is a warning to the public to stay away from 5markets.com. CySEC has issued a warning which may indicate they have falsely claimed some sort of regulation, which they do not have and/or are operating without any license. You can read the official press release below. The Cyprus Securities and Exchange Commission (‘the Commission’)…
Read moreEXNESS has been one of the fastest growing forex brokers over the past 24 months. LeapRate is pleased to announce that we have added retail forex broker EXNESS to our Approved List of global regulated forex brokers. Founded in 2008, EXNESS is one many forex brokerages started at around that time, but one of just a…
Read moreGCAP shares are still up 156% so far in 2013. Forex broker Gain Capital (NYSE:GCAP), which operates the retail Forex.com and institutional Gain GTX brands, saw its shares dive by 7% on Thursday after announcing Q3 results that were down significantly from Q2. We'd like to note that virtually all the forex industry blogs we…
Read moreOne of the first Pacific Rim FX brokerage firms to expand abroad. As a correction to our previous story regarding Monex Japan, it was actually Monex Indonesia, another (unrelated) mid-sized Forex brokerage firm, which received its CySEC 'CIF' license to begin Forex trading operations out of Cyprus. (Our apologies to our friends at the Monex…
Read moreFX trading volumes still strong in March, but take a bit of a breather after a rapid start to the year. LeapRate's Retail FX Volume Index, sponsored by Leverate, fell back somewhat to $196 billion per day in March, down 5% from February's record $206 billion. The drop was not unexpected, following a very hot start to…
Read moreLeading Ireland-based FX broker undergoes major rebranding as it branches out from FX. AvaFX, a member of LeapRate's Approved List of global regulated FX brokers, has announced a major rebranding, and will now operate as AvaTrade. The rebranding includes a new website at www.avatrade.com. AvaTrade also released its trading volumes for the year 2012, coming…
Read moreAmounts to a small slap on the wrist for Interactive Brokers, but shows the CFTC is cracking down on safety-of-client-fund issues. The CFTC has assessed a $225,000 fine against Interactive Brokers (Nasdaq:IBKR), a leading U.S.-based online brokerage which also is the #5 retail FX brokerage in the U.S. The CFTC cited Interactive Brokers for: failing to…
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