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Retail FX

London-Based ForexVox Moves 94% of Clients to MT5 amid Rising Competition

  • ForexVox has been operating since 2020.
  • The firm wants to provide 'unparalleled support' to traders worldwide.
Wednesday, 26/07/2023 | 13:22 GMT by Solomon Oladipupo
Retail FX

ATFX UK’s Profit Surges by Almost 300% to £838K in 2022

  • The subsidiary's turnover jumped 7.6% to £3.2M.
  • ATFX has expanded to Australia and the UAE.
Tuesday, 25/07/2023 | 21:08 GMT by Solomon Oladipupo
Retail FX

TMGM Signs Multi-Year Deal with Chelsea, Becomes Club’s APAC Partner

  • TMGM previously sponsored the Australia Open and the ASEAN Football Cup.
  • Brokers have entered multiple sponsorship deals since the start of the year.
Tuesday, 25/07/2023 | 15:51 GMT by Solomon Oladipupo
Retail FX

Darwinex Seeks Growth through New Integration with Interactive Brokers

  • Darwinex wants to attract more talented traders.
  • The UK asset manager recently launched a subscription-based trading platform.
Monday, 24/07/2023 | 16:05 GMT by Solomon Oladipupo
Retail FX

Spain’s Expanded Restrictions on CFDs Set for July 20, Gets ESMA Backing

  • CNMV said 75% of retail investors still lose investments in CFDs trades.
  • Upcoming rules will ban the use of sales agents, call centres and software providers.
Tuesday, 11/07/2023 | 19:09 GMT by Solomon Oladipupo
Retail FX

Why I Gave Up My CEO Role to Become CIO: NAGA's Founder Ben Bilski

  • NAGA's vision remains to build an all-in-one platform, says Bilski.
  • The new Group CEO: "We have owned our decisions in the past three years."
Monday, 10/07/2023 | 20:45 GMT by Solomon Oladipupo
Brokers

Devexperts Eyes Fractional Share Trading in New Partnership with DriveWealth

  • The new offering is available on Devexperts' DXtrade XT platform.
  • Brokers are increasingly embracing fractional share trading to expand their services.
Friday, 07/07/2023 | 15:58 GMT by Jared Kirui
Retail FX

Financial Commission Grants DLS Markets Membership

  • The broker will have access to a €20,000 compensation fund for every complaint submitted.
  • DLS Markets provides clients with a range of CFD products and services.
Thursday, 06/07/2023 | 11:16 GMT by Jared Kirui
CryptoCurrency

Denmark’s FSA Orders Saxo Bank to Dump Crypto Holdings

  • The watchdog said the law does not permit Saxo Bank's engagement in crypto trading.
  • In other news, Saxo Bank saw a decline of 8% in its FX trading volume in June.
Wednesday, 05/07/2023 | 12:57 GMT by Solomon Oladipupo
Retail FX

UK CFDs Broker City Credit Capital Goes Bankrupt, Enters Administration

  • FCA appointed joint administrators for the firm last Friday.
  • CCCUK operated under the trading names CIX Markets and Markets Trader.
Tuesday, 04/07/2023 | 16:10 GMT by Solomon Oladipupo
Institutional FX

Swissquote Launches New Investment and Saving Solution

  • The new solution offers up to 2% interest on cash deposits.
  • It is integrated into Swissquote's online banking accounts.
Tuesday, 04/07/2023 | 08:56 GMT by Jared Kirui
Institutional FX

IG Group's CFO Temporarily Becomes the CEO

  • The group's CEO June Felix is going on medical leave.
  • IG will release the financial results for the fiscal year 2023 on July 20.
Monday, 03/07/2023 | 08:50 GMT by Jared Kirui
Executives

Finalto Group's CCO Stavros Anastasiou Appointed Markets.com's CEO

  • Anastasiou previously served as the CCO at the retail brokerage unit of Finalto.
  • In other news, Exclusive Markets named Afa Haghdoust as its new Chief Commercial Officer.
Friday, 30/06/2023 | 18:13 GMT by Solomon Oladipupo
Executives

OANDA Taps Rafał Słoń as Managing Director for Australia

  • Słoń joined the broker as the Business Operations Lead three years ago.
  • MultiBank and Admirals recently welcomed two industry veterans.
Wednesday, 21/06/2023 | 21:00 GMT by Solomon Oladipupo
Retail FX

LCG UK Is Now Only an ‘Introducing’ Broker

  • The spread betting and CFDs provider said the market in the UK is 'overcrowded'.
  • LCG has started contacting its clients to close their accounts.
Tuesday, 20/06/2023 | 18:42 GMT by Solomon Oladipupo
Brokers

FxPro Unveils New Dubai Office amid Regional Expansion

  • The office is located at Office 101, Building 2, BaySquare, Downtown Dubai.
  • It unveiled the details days after the broker launched crypto CFDs for cTrader accounts.
Tuesday, 20/06/2023 | 16:35 GMT by Jared Kirui
Executives

Admirals Hires SquaredFinancial’s Daniel Skowronski as Revenue Chief

  • Skowronski brings over 25 years of experience to the new role.
  • Previously, he led OANDA and Alpari as the CEO of EMEA and UK, respectively.
Thursday, 15/06/2023 | 17:02 GMT by Solomon Oladipupo
Retail FX

SVG Brokers Seek New Home in Other Jurisdictions after Regulator's Deadline

  • FSA introduced the policy in the wake of rising fraud claims against FX trading firms.
  • However, some see the rule as a 'checkbox exercise'.
Tuesday, 13/06/2023 | 18:59 GMT by Solomon Oladipupo
Retail FX

ThinkMarkets Launches Copy Trading App Ahead of Listing

  • The multi-asset broker is planning to go public in July.
  • ThinkMarkets is boosting the security of its trading platform, ThinkTrader Web.
Friday, 09/06/2023 | 19:28 GMT by Jared Kirui
Retail FX

Exness’ Trading Volumes Jump 12% in May Backed by Growing Clientele

  • The multi-asset broker added about 38,000 active users in May.
  • The latest volume is below a record $3.88 trillion posted in March.
Friday, 09/06/2023 | 15:12 GMT by Jared Kirui
Retail FX

Saxo Bank’s FX Volume Springs 27% to $130.5B in May

  • However, the new volume stands below March's figure of $155.5 billion.
  • Overall, trading volume strengthened 28% to $407 billion.
Wednesday, 07/06/2023 | 14:32 GMT by Solomon Oladipupo
Retail FX

FinCom Discontinues BalansFX Membership over Compliance Failure

  • BalansFX became an approved member of FinCom in July 2020.
  • Meanwhile, FinCom warned against TresorFX, a platform recently flagged by the FCA.
Wednesday, 31/05/2023 | 13:34 GMT by Solomon Oladipupo
Retail FX

FCA Flags 26 Illegal Trading and Investment Platforms

  • The watchdog flagged three clone platforms for impersonating authorized firms.
  • The platforms are mainly online FX trading platforms.
Monday, 29/05/2023 | 17:19 GMT by Solomon Oladipupo
Education Center

The Impact of Central Bank Decisions on CFD Markets: An Analysis

  • Can machine learning solve the CFD trading volatility issues around Central Bank Decisions?
Tuesday, 23/05/2023 | 18:59 GMT by FM Contributors
Executives

Trade Nation Elevates Richard Nathan to Bahamas CEO

  • Nathan brings over a decade of experience to the new role.
  • The executive previously worked for OvalX, Hartmann Capital and Acetop.
Monday, 22/05/2023 | 14:05 GMT by Solomon Oladipupo
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