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Equiti Opens Abu Dhabi Office 1 Year After SCA License.
Equiti Group has announced the launch of its new office in Abu Dhabi to propel its presence in the United Arab Emirates. Equiti’s subsidiary manages the newest venture, regulated and licensed by the Securities and Commodities Authority since April of
VT Markets Adopts Acuity Analysis IQ to Aid Decision Making
VT Markets, a global multi-asset broker based in Sydney, has integrated Signal Centre’s Analysis IQ into its trading platform. Analysis IQ helps its users improve their trading decisions. It combines traditional and alternative data sets to provide a technical view
Exness Records New High of $2.82T January Trading Volume
Exness recorded a new high in trading volume for a retail brokerage platform in January. The published figures show that the broker recorded an overall trading volume of $2.82 trillion. The new record exceeded Exness’s prior $2.81 trillion set in
OANDA Exits Malta to Consolidate European Business
After years in the retail trading industry, OANDA intends to close all Malta operations on March 17th, 2023. Oanda plans to operate its European business solely under one regulated entity in Poland. On Monday, they declared that they would shift
OvalX (ETX Capital) Faces Uncertain Future as Layoffs Begin
An industry source close to OvalX (formerly ETX Capital) has disclosed that the FX and CFDs broker may be shutting down its operations. They’re initiating layoffs following its takeover by Swiss private equity firm Guru Capital. Reports have indicated that
OANDA Japan: No More fxTrade, USD/JPY Margin Shift
On Friday, one of Japan’s longest-standing online forex and CFD brokerages, OANDA Corporation, announced major changes to their service. Specifically, the Japanese subsidiary of the brokerage will no longer allow new downloads of its desktop version of the fxTrade trading
FXOpen Offers Commission-Free Trading
FXOpen took the plunge and now offers commission-free trading services to its retail customers! On Monday, FXOpen announced that brokers were no longer required to pay any commission fees for index trades placed on an FXOpen ECN account. The remarkable
Plus500 Ends 2022 with $832M in Revenue.
On Tuesday, Plus500 declared a year-end trading report displaying that the company’s revenue surged to $832 million for the financial year 2022 – an impressive 15.7% YoY growth! Furthermore, the EBITDA of the organization skyrocketed to a remarkable $454 million
Admirals Acquires Kenyan License, Eyes Seychelles Takeover
On Thursday, Kenya’s Capital Markets Authority (CMA) granted a license to Estonia-based Admirals – a non-dealing online forex trading broker. It is an incredible leap forward in global financial technology and marks yet another success for Kenya! Admirals is confident
Spotware launches new Copy Trading Feature to CTrader
Spotware Systems has revolutionized CTrader Desktop with a copy trading feature in the desktop version of its renowned platform. As one of Cyprus’s leading electronic trading providers, they have taken this opportunity to offer an even more comprehensive and enhanced
This Decade’s Best Brokers
The Global Forex Awards celebrate the best brokers in the business annually since 2010. The following brokers made the most reappearances in the Global Forex Awards from 2010-2018. The most reappearances go to FXCM, which won the best Forex award
Plus500 Reports Boost in Revenue Expectations
Plus500, an online provider of CFDs, published their expected revenue through the London Stock Exchange recently. The Group expects to report revenue of around $354 million and an EBITDA of $190 million. The Group’s board claims their yearly performance is
Higher Expectations in Toll for GMO Click | Wibest Broker
The retail brokerage unit of Japanese IT giant GMO Internet recovered from its weakest Forex OTC volumes throughout 2019. November proved quieter for investors than the holiday season in December. Namely, the broker reported a 4.6 percent uptick month-on-month in
GAIN Recovers from Forex Drought | Wibest Broker
After a long, slow November in Forex, GAIN Capital Holdings, Inc. bounces back with a four percent jump in volumes. The forex broker’s clients transacted a total of $130.8 billion in December 2019. The broker’s transaction volume was at $125.6
FBS Partners with FC Barcelona for Global Expansion
FBS just became FC Barcelona’s Official Trading Partner for the next four years through June 20, 20204. The partnership is a part of Barca’s global commercial strategy to continue being a benchmark marketing club. The partners plan to hold joint
CMC Markets Await High Figures
The global online trading provider CMC Markets Plc published positive expectations for the last quarter of its 2020 fiscal year. This was due to higher client income in comparison to the first half of 2020 from April to September 2019.
Russian Forex Broker Expands into Belarus
Grenadines-based broker Invest100, under Growth Capital LLC, secured registry of foreign exchange in Belarus. The move was after the Bank of Russia revoked forex licenses from several firms last year. Invest100 will undergo an assessment of their trading platform in
Fidelity Joins Fractional Trading Bandwagon | Wibest Broker
As part of the growing trend, Boston-based broker Fidelity Investments announced the launch of fractional stock and ETFs trading online. The feature allows small-time investors to diversify their portfolios for as little as $1. Geared towards attracting more clients in
Interactive Brokers Set a Two-Year High | Wibest Broker
Online broker firm Interactive Brokers announced higher earnings in January 2020 compared to December 2019. This feat set a two-year record for its Daily Average Revenue Trades. January 2020 DARTs saw a 32 percent rise at 1,019,000 as the highest
SocGen Profit Drops, Plans Possible Buyback | WibestBroker
French investment bank Societe Generale SA reported on Thursday earnings miss in the fourth quarter of 2019. Although it announced plans for potential share buybacks and saw better profitability this year. The Paris-based lender revealed that its net income dropped
