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Axi Inks Sports Sponsorship Portfolio
A forex and CFD broker called Axi (formerly AxiTrader) from Australia is aiming to increase its market share in Latin America. They have signed a sports sponsorship deal with Brazilian football club Esporte Clube Bahia to achieve this. The broker
Tastytrade and LiteFinance Release Latest Features
On Monday, Tastytrade and LiteFinance, retail brokers for FX and CFDs, shared updates about their businesses. Tastytrade revealed the launch of an application programming interface (API), while LiteFinance released an updated version of its mobile trading app for iOS devices.
CEO To Pay Back 3.4 Billion for Forex Scam
Scammers aren’t anything new in the forex space. They have existed just about as long as finance itself, and the proliferation of online trading has only encouraged them. Online regulators are easier to avoid, and people investing in online trading
SFC in Hong Kong Calls Vantage Website ‘Suspicious’
The Securities and Futures Commission (SFC) in Hong Kong has cautioned against Vantage International Group Limited. Vintage is a popular forex and contracts for differences (CFDs) broker and registered arm of the Cayman Islands. The regulator warned that Vantage’s website
Acetop UK Records 6% Revenue Jump; Reduces 2022 Losses
FCA-regulated Acetop Financial Limited published its financial data for the fiscal year of 2022, ending on December 31st, revealing total takings of £180,808, displaying a yearly growth of approximately 6%. Consequently, the firm reduced its annual losses to £334,640 from
VertexFX Taps Advanced Markets’ Liquidity
VertexFX, a powerful trading platform by Hybrid Solutions, has integrated Advanced Markets. Advanced Markets provides sophisticated FX liquidity advanced technology, and credit solutions. Advanced Markets’ liquidity allows VertexFX platform users to access competitive pricing and rapid execution of trades. They
Robinhood Signs Modified Credit Agreement for $2.175 B
For the second time, RHS – a California-based broker-dealer – has amended its credit agreement with JP Morgan Chase and their banking syndicate, granting them access to an additional revolving credit facility totaling $2.175 billion. It is in addition to
OANDA Launches CFDs Exposure to Popular U.S. and UK Stocks
OANDA is a long-standing leader in multi-asset retail trading markets. On Monday, the brokerage launched its new Global Markets division featuring CFDs offerings extending beyond European equities to include U.S. and U.K. stocks. This exciting development will surely change how
Exness Hits $3 Trillion in February Trading Volume.
In February, Exness achieved a remarkable milestone by attaining an all-time high trading volume of over $3 trillion and surpassing 500K active customers! This February, the broker shattered its previous trading record of $2.82 trillion set in January with a
Saxo Bank’s FX Vol Drops Despite Rising ADV
In February, trading on Saxo Bank experienced an overall reduction of 4.2%, with a total volume amounting to $359.8 billion for the month – and even more significantly, signifying a 14% decrease compared to last year’s numbers! Despite a shorter
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
