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Retail FX

Pepperstone UK’s Profit Surges 128% to £4.6M in 2022

The broker's revenue increased 36% to £10.7 million.
However, Pepperstone UK's profit and revenue fail to break above the 2020 output.

Friday, 24/03/2023 | 18:29 GMT by Solomon Oladipupo

Executives

Equiti Group Promotes Ahmad Qutaishat to Sales Vice President

Qutaishat brings about a decade of experience to the role.
The executive joined Equiti Group in October 2018 as Client Support Officer.

Wednesday, 22/03/2023 | 14:37 GMT by Solomon Oladipupo

Executives

FXGlobe Hires Tixee’s Todor Georgiev as Chief Operating Officer

Previously, Georgiev was the COO at the forex and CFD broker, Tixee.
He brings over a decade of experience to the new role.

Monday, 20/03/2023 | 17:57 GMT by Solomon Oladipupo

Retail FX

OANDA Introduces CFDs Exposure to Popular US and UK Stocks

The launch offers new trading opportunities to OANDA's clients in emerging markets.
Some of included stocks include BP, Vodafone, Tesla and Amazon, among others.

Monday, 20/03/2023 | 12:32 GMT by Solomon Oladipupo

Executives

Scope Markets Eyes MENA, Hires Equiti’s VP as Sales Manager for Region

Yaser Zidan joins Scope Markets from Equiti where he spent about seven years.
Rostro announced the completion of its acquisition of Scope Markets in January.

Tuesday, 14/03/2023 | 14:23 GMT by Solomon Oladipupo

Retail FX

XTB Seeks to Commit 50% of Profit to Dividends, 25% to Shares Buyback

XTB's net profit skyrocketed 214% to $171.6 million in 2022.
The intended actions are dependent on Polish financial markets regulator's approval.

Wednesday, 08/03/2023 | 18:24 GMT by Solomon Oladipupo

Executives

Industry Newcomer Monaxa Hires Exness’ Chris Trikomitis as CEO

Trikomitis brings almost two decades of financial industry experience to the role.
Monaxa Group operates entities registered in St. Vincent and regulated by ASIC.

Friday, 03/03/2023 | 18:50 GMT by Solomon Oladipupo

Retail FX

INFONIX's Metrics Skyrocket in 2022 Pushed by Latin America and Asia

The global broker's first-time deposit jumped by over 200% in Latin America.
INFINOX Capital posted a 150% growth in revenue in fiscal year 2022.

Thursday, 02/03/2023 | 21:05 GMT by Solomon Oladipupo

Executives

BDSwiss' Chief People Officer in Cyprus Leaves after a Year

Natale Mastoroudes joined BDSwiss in Jan. 2022 as the Head of HR.
Thomas Pantazis, the Head of Country Partnership at Admirals Australia, is also leaving.

Friday, 24/02/2023 | 20:58 GMT by Solomon Oladipupo

Executives

OneRoyal Elevates Elie Koueik to Lebanon Country Manager

Koueik has spent about 13 years at OneRoyal.
The broker recently hired a former NAGA executive as the Chief Marketing Officer.

Friday, 24/02/2023 | 13:17 GMT by Solomon Oladipupo

Executive Moves

Denis Golomedov Resigns as RoboMarkets' Chief Marketing Officer

Golomedov joined RoboMarkets in August 2017.
RoboMarkets has launched new ventures in recent months.

Monday, 20/02/2023 | 17:17 GMT by Solomon Oladipupo

Retail FX

VT Markets Onboards Acuity’s Signal Centre to Aid Traders' Decision Making

Signal Centre was acquired by Acuity in 2021.
VT Markets recently reported a 125% growth in its trading volume.

Friday, 17/02/2023 | 14:14 GMT by Solomon Oladipupo

Executives

WH Selfinvest Hires FXFlat’s Raphaël Leblond as French Regional Manager

Leblond brings over a decade of experience to the role.
The senior executive led German broker FXFlat's expansion into France.

Thursday, 16/02/2023 | 14:59 GMT by Solomon Oladipupo

Retail FX

ThinkMarkets Introduces New Security Layer to Fight Fraudulent Calls

The broker said clients can now identify fraudsters through OTP confirmation.
ThinkMarkets has expanded its offerings in recent months.

Wednesday, 15/02/2023 | 17:43 GMT by Solomon Oladipupo

Executives

Zenfinex's MENA CEO Resigns, Says “Mission Accomplished!”

Michel Chabbouh helped Zenfinex get its DFSA license last year.
The executive says Zenfinex now has “strong foundations to build its growth on.”

Wednesday, 15/02/2023 | 16:31 GMT by Solomon Oladipupo

Retail FX

CySEC Withdraws Magnum FX’s CIF License after “Voluntary Renunciation”

Magnum FX was licensed by CySEC in June 2018.
The broker operates four different websites.

Tuesday, 14/02/2023 | 15:00 GMT by Solomon Oladipupo

Executives

BDSwiss Promotes Marc Suárez to Marketing Manager for Latin America

Suárez joined BDSwiss as a Marketing Executive in December 2021.
He brings over 10 years of marketing, sales and accounting experience to the role.

Friday, 10/02/2023 | 16:52 GMT by Solomon Oladipupo

Retail FX

eToro Opens Up All Assets to Brazilian Users, Exempts Forex CFDs

The network's Brazilian customers can now trade stocks, ETFs and CFDs.
eToro cited regulatory stumbling block for exemption of FX CFDs.

Friday, 10/02/2023 | 12:39 GMT by Solomon Oladipupo

Retail FX

Germany's NAGA Group Reports Profit for First Few Weeks of 2023

The German fintech group made a profit of about €1.5 million YTD.
The Group's revenue declined 6% to €52 million in 2022.

Thursday, 09/02/2023 | 14:27 GMT by Solomon Oladipupo

Executives

Capital.com Hires IG Group’s Niamh Byrne as Head of UK & Ireland

Byrne is to provide execution support for Capital.com's new deal with OvalX.
She spent 14 years at IG Group before joining Capital.com.

Wednesday, 08/02/2023 | 17:53 GMT by Solomon Oladipupo

Retail FX

EXCLUSIVE: London FX Broker Capital.com Buys OvalX’s Client Assets

OvalX recently said it was considering a possible merger or asset sale.
The broker reported a pre-tax loss of £9.2M in FY21.

Tuesday, 07/02/2023 | 13:06 GMT by Solomon Oladipupo

Executives

Lirunex Hires AssetsFX’s Waleed Salah as Head of Sales MENA

Salah brings about 14 years of industry experience to the role.
The executive has worked for brokers such as Valuetrades, BlackBull Markets and RoboForex.

Friday, 03/02/2023 | 20:50 GMT by Solomon Oladipupo

Executives

LiquidityFinder’s Founder Sam Low Joins FinaCom’s DRC as 34th Member

Low founded LiquidityFinder in 2018.
FX traders seeking compensation from brokers in 2022 declined to $12.4 million.

Thursday, 02/02/2023 | 22:35 GMT by Solomon Oladipupo

Executives

Two Directors Resign from Trading 212’s Boards

The Directors are Rajvinder Kaur Somal and Borislav Tzonkov Nedialkov.
Nedialkov co-founded Trading 212 in 2004.

Thursday, 02/02/2023 | 16:51 GMT by Solomon Oladipupo

Retail FX

UK FCA Warns against Clone of FX Broker Axi

AxiCorp owns both Axi and One Financial Markets.
The FCA clamped down on a number of clone companies in 2022.

Thursday, 02/02/2023 | 15:11 GMT by Solomon Oladipupo

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