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AvaTrade VIP Clients Enjoy 2.7% Interest Boost.
Online broker AvaTrade has introduced an attractive benefit for its exclusive VIP clients. This new feature entitles qualifying clients to receive interest payments, thus enriching their trading journey. AvaTrade deposits an annual interest rate of up to 2.7% directly into
Tradu Chooses Crossover Crypto ECN Before Its Launch
With its advent just around the corner, the universal brokerage platform Tradu enlisted Crossover Markets Group as its principal digital asset managing associate. I came to light through an official statement released on Thursday, revealing that the cryptocurrency flow on
Plus500 Expands in the US with FIA Membership
The American division of Plus500 (LON: PLUS) has consolidated its position in the US by joining the Futures Industry Association (FIA). The development comes a few years after the broker’s initial foray into the US market through an acquisition. Plus500’s
Saxo Unveils New Investment Fund for UK Retail Traders
Saxo, renowned for its multi-asset trading and investment, has broadened its services in the UK by introducing its funds. Retail investors can now partake in diverse assets, from quick options to a wide range of funds. By partnering with a
CMC Markets Records H1 Loss, Trading Revenue Dips by 32%
CMC Markets [LON: CMC] posted its H1 2024 financial report this Thursday, revealing a 20% YoY dip in net operating revenue, landing at £122.6 million. The firm, specializing in forex and contracts for differences (CFDs) brokerage services, suffered a pre-tax
eToro Ends Rugby Australia Sponsorship, Signs Deal with APL
Recently, eToro ended its three-year affiliation with Rugby Australia, choosing not to extend the sponsorship pact inked in 2021. The agreement had established eToro as the naming partner for inbound Tests, including The Rugby Championship, and as a partner to
Exness Sets New Record: $4.8 Trillion Trading Volume
Exness, based out of Cyprus, ended October with an unprecedented trading volume exceeding $4.8 trillion. The record-breaking outcome for the forex and CFDs broker signals an 8.2% increase from the previous month’s figures. With its recent trading volume, Exness now
IG Group’s Job Cuts: An Effort Towards Cost-Efficiency
IG Group, listed on the London Stock Exchange (LON: IGG), plans to cut around 300 jobs by the end of fiscal year 2023. This move, representing about a 10% reduction in the total workforce, follows the company’s investigation into areas
Saxo’s Sept Trading Volume Dips, FX Follows Trend
Denmark-based Saxo Bank registered a total trading volume of $438.3 billion in September, a 3.4 percent fall from August’s $453.7 billion. The dip was offset by a higher daily average of $20.9 billion due to fewer trading days in September
FX Tampa Equips Japanese Retail Investors
The trend of independent investments within Japan is rising, with forex trading becoming particularly popular. As a response, FX Tampa equips Japanese traders to meet the increasing market demands. FX Tampa enables investors to diversify their portfolios by providing access
Swissquote’s Advanced Trader App Diversifies
Swissquote’s Advanced Trader recently added a new option into the platform. The Vanilla FX options are “call and put.” These are options that enable easier, more unique trading strategies. The new options are available for 45 currency pairs with an
White and Williams LLP Leave AFX Legal | Wibest Broker
AFX Capital Ltd. declined to pay its outstanding invoices for the legal services it received. Consequently, White and Williams LLP filed a motion to withdraw from the broker and its defendant as its legal representative. WW claims they repeatedly attempted
TradeStation Launches Zero-Fees in TS SELECT
TradeStation Securities, Inc., announced its new product, TS SELECT, last Wednesday. TS SELECT is a pricing plan offering free commissions on the web or mobile platforms. The solution gives investors fees on their desktop platform. Clients can open a TS
FXOpen Offers ECN Trading via MT5
FXOpen UK joined MetaTrader 5 adopters this week when the company launched MetaQuotes Software’s latest flagship terminal. The UK entity of the FXOpen group will offer access to Electronic Communication Network trading and interbank liquidity. The broker’s clients can now
Largest Brazilian Stockbroker, En Route to Record Breach
XP Inc. expects to see the biggest initial public offering for a Brazilian Forex company on Nasdaq. The largest stockbroker in the country looks forward to about $1.5 billion to $2.1 billion raise. With a range of $22 and $25
FXCM Publicizes Real-Time Market Data | Wibest Broker
After years of using execution data solely for internal affairs, online FOREX broker FXCM Group, LLC, announced an offering expansion. The broker launched a suite of real-time data to suit different trading requirements. Data products will provide insights for customers,
Broker Slowdown List Grows in November | Wibest Broker
Saxo Bank posted a month-on-month drop for FOREX, commodities, fixed income, and equities trading volumes. The drop puts the broker in the list of firms slowing down as US-China tensions rise again. FOREX trading measured lower against the previous month
Freetrade Starts Flagship Platform in the UK | Wibest Broker
Invest by Freetrade will offer a thousand new stocks and exchange-traded funds (ETFs) in the UK starting Tuesday. The mobile-based parent stockbroker said the platform will reduce costs tremendously. Founder and chief executive Adam Dodds said unreasonably high fees from
Third Heavy Suit Against IKON, in Progress | Wibest Broker
Two years after UK firm IKON Finance exited the Forex market, a heavy retail client filed several suits against them. Consequently, the broker’s client, acquisitor Hantec Markets was dragged along with it for a much higher price. The Jordanian heavyweight
24Option Prohibited from Trading
24Option received an order to stop financial securities operations in Italy this week. According to the country’s securities regulator Consob, the company was banned from non-compliance with specific regulations. Domains barred from the country include www.24option.com, www.rodeler.com, www.24fx.com, www.grandoption.com, and
