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Retail FX

Union Standard International (Previously USGFX) Loses FCA Licenses

  • The license was withdrawn on 16 December 2022.
  • The broker still operates with an offshore license.
Thursday, 29/12/2022 | 10:28 GMT by Arnab Shome
Brokers

Infinox Capital Doubles FY22 Revenue as Prime Services Demand Rises

  • The company generated a pre-tax profit of £1.34 million in the fiscal year.
  • The client assets under management also jumped to £14.3 million.
Tuesday, 20/12/2022 | 08:05 GMT by Arnab Shome
Brokers

ITI Capital Exits Retail Business Amid Revenue Collapse

  • The broker was facing technical difficulties in migrating SVS clients.
Thursday, 15/12/2022 | 08:08 GMT by Arnab Shome
Brokers

Exness’ Active Clients in November Hit Record despite 5% Trading Volume Dip

  • The broker closed the month with 383,846 active clients.
  • It was the ninth consecutive month the broker posted a monthly volume above $2 trillion.
Wednesday, 14/12/2022 | 05:59 GMT by Arnab Shome
Retail FX

Tavira Securities Ends FY22 with 48% Jump in Revenue

  • Revenue from CFDs business increased by 231 percent.
  • The company is operating with licenses in London and Dubai.
Monday, 12/12/2022 | 06:38 GMT by Arnab Shome
Retail FX

Breaking: Saxo Bank Terminates SPAC Deal Ending Public Listing Ambitions

  • The broker initially struck a deal with SPAC in September.
  • The deal was terminated with its ‘timing’ in question.
Wednesday, 07/12/2022 | 09:08 GMT by Arnab Shome
Brokers

Hantec Markets' 2021 Turnover from UK Operations Jumps 2.6%

  • It ended the year with a net profit of £26,873.
  • The numbers only show the brokerage group's UK performance, not global operations.
Wednesday, 07/12/2022 | 07:59 GMT by Arnab Shome
Brokers

Exclusive: Zenfinex Enters MENA with New DFSA License

  • The FX and CFDs broker is now regulated in four jurisdictions.
  • It is currently operational in ten countries.
Tuesday, 29/11/2022 | 04:42 GMT by Arnab Shome
Brokers

INGOT Brokers Expands African Presence with New Kenya License

  • It received a South African license recently.
  • Only a handful of FX/CFDs brokers are licensed in Kenya.
Thursday, 24/11/2022 | 09:02 GMT by Arnab Shome
Brokers

UP Fintech’s Q3 Revenue Increased by 3.6% QoQ

  • The platform added 22,700 funded accounts in the quarter.
  • The total account balance on the platform declined.
Wednesday, 23/11/2022 | 10:56 GMT by Arnab Shome
Interviews

Exclusive: Vantage’s Yen Sim on Sustainability and ESG Initiative

  • ESG has become a priority for companies, including brokers.
  • “ESG has grown beyond just charity,” said Sim.
Tuesday, 22/11/2022 | 05:49 GMT by Arnab Shome
Executive Moves

Damian McDowell Steps Down as USGFX-UK CEO

  • His appointment as a Director ended on Wednesday.
  • His successor for the role is yet to be named.
Thursday, 17/11/2022 | 08:25 GMT by Arnab Shome
Brokers

House of Borse Ends FY22 with 71% Revenue Rise

  • The profit of the broker increased by 1,398 percent.
  • It focuses its services on professional clients.
Wednesday, 16/11/2022 | 08:46 GMT by Arnab Shome
Brokers

CMC Markets’ H1 FY23 Trading Revenue Jumps 27%

  • Trading revenue increased despite a drop in active clients.
  • Pre-tax profit marginally changed by only 1 percent.
Wednesday, 16/11/2022 | 08:02 GMT by Arnab Shome
Retail FX

eToro Enables Proxy Voting with Broadridge Partnership

  • Investors on eToro can now vote on the AGMs of companies.
  • The broker will initially enable the service for US-listed companies.
Tuesday, 15/11/2022 | 11:51 GMT by Arnab Shome
Executives

Orion Szathmary Emerges as the CEO of TradeZero Canada Securities

  • Szathmary was previously the VP at RBC Direct Investing in Canada.
  • TradeZero was accepted as a member of IIROC nine months ago.
Monday, 14/11/2022 | 16:18 GMT by Solomon Oladipupo
Brokers

Exness’ October Trading Volume Stays above $2T despite Monthly Dip

  • The trading volume came in at over $2.5 trillion.
  • The figure jumped by 142 percent year-over-year.
Thursday, 10/11/2022 | 07:30 GMT by Arnab Shome
Retail FX

Interactive Brokers Strengthens European Presence with New Ireland Office

  • The broker first opened an office in the country in 2020.
  • It employs more than 110 staff in Ireland.
Thursday, 10/11/2022 | 06:10 GMT by Arnab Shome
Brokers

RoboMarkets Becomes Cypriot Volleyball Team's 'Title Sponsor'

  • The sponsorship shows the broker's focus on strengthening its brand in Cyprus.
  • The financial terms of the deal are not known.
Tuesday, 08/11/2022 | 09:47 GMT by Arnab Shome
Brokers

Saxo Bank Sees 13% MoM Decline in October’s FX Volume

  • The figure strengthened by 13.1 percent year-over-year.
  • Overall trading volume on the platform came in at $432.2 billion.
Thursday, 03/11/2022 | 07:49 GMT by Arnab Shome
Retail FX

Breaking: Plus500 Launches Another $60.2M Share Buyback Program

  • The platform has bought more than a couple of hundred million dollars worth of shares over the years.
  • Under the current program, it will repurchase up to 9,959,828 shares.
Tuesday, 01/11/2022 | 08:19 GMT by Arnab Shome
Retail FX

eToro Acquires Portfolio Management Tool BullSheet

  • The financial terms of the deal are unknown.
  • Both Bullsheet co-founders joined eToro as employees.
Thursday, 27/10/2022 | 08:55 GMT by Arnab Shome
Retail FX

XTB Doubles YoY Revenue in Q3 2022

  • The broker brought in PLN 391.3 million in quarterly revenue.
  • Active clients on the platform have peaked.
Thursday, 27/10/2022 | 07:58 GMT by Arnab Shome
Retail FX

Hantec Markets Enters LATAM with New Chile Office

  • The office will serve as the broker’s LATAM hub.
  • It will offer leveraged financial instruments.
Wednesday, 26/10/2022 | 11:55 GMT by Arnab Shome
Retail FX

CySEC Asks Maxigrid Clients to Submit ICF Compensation Claims

  • Clients must submit claims before April 2023.
  • The license of the brokerage operator was canceled last February.
Thursday, 20/10/2022 | 06:40 GMT by Arnab Shome
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