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H1 2023 Sees a 39% Surge in Doo Group’s Trading Volume.
The first half of 2023 witnessed a significant increase of 39.4% in the trading volume of Doo Group, a conglomerate of various financial service entities, including forex and contract for differences (CFDs) brokers. During this period, the group managed to
ADSS Exists UK Concentrates on Other Divisions
The Abu Dhabi-based brokerage group, ADSS, has decided to scale down its United Kingdom operations through its regional subsidiary, ADS Securities London Limited (ADSSL). This decision, announced on the company’s website, is a strategic move aimed at shifting resources towards
eToro Extends Partnership with SK Slavia Prague
For the following season, the Israeli financial firm eToro has reaffirmed its patronage of SK Slavia Prague, the most venerable football club in the Czech Republic. The company, which specializes in social trading and investment, first assumed the mantle of
CAPEX.com Aquires WiredMarket’s Client’s in Greece
CAPEX.com, a retail forex and contracts for differences (CFDs) broker, has broadened its global reach by acquiring the WiredMarket’s client portfolio, a firm with a significant base in Greece. CAPEX.com’s First M&A Deal On Thursday, the company announced the acquisition,
eToro Signs Sponsorship Deal with Spanish Baskonia Club
eToro has ventured into basketball sponsorship by becoming the official sponsor of the Spanish professional basketball club Baskonia. This agreement covers the club’s next two seasons, ending in 2025. eToro Expands Sports Sponsorship Portfolio This deal follows eToro’s recent agreement
FxPro Introduces Crypto CFDs to cTrader Platform.
On Friday, FxPro, an online forex broker, announced that it had included cryptocurrency trading in its cTrader accounts. The feature enables traders to access cTrader accounts and create new ones under their profiles. BTC, ETH, and XRP Available FxPro now
CMC Markets Reports FY23 Earnings, 43% Profit Downturn
CMC Markets (LON: CMCX) has unveiled its earnings for the fiscal year 2023 (FY23), which concluded on March 31. The company posted a net income of £288.4 million, aligning with its predictions. Despite a 2% year-over-year increase, profits experienced a
Plus500 Sponsors BSC Young Boys for 2 More Years
An official announcement confirmed that Plus500 had prolonged its sponsorship deal with BSC Young Boys, a Swiss football club, for two additional play seasons. The Israeli brokerage company was previously named as the club’s primary shirt sponsor for the 2020/21
Trading 212 UK’s 2022 Revenue Rise, But Profits Slip 9%
Trading 212 Limited has recorded a turnover of over £98.7 million in the UK and pre-tax profits amounting to £50.8 million in 2022, as per its filing with Companies House. It was a 5% increase from 2021’s revenue figure of
Admirals Ends Estonian License Amid Global Consolidation
During the first half of next year, Admirals Group AS, the parent company of FX/CFDs brokerage Admirals, will merge with its Estonian subsidiary, Admirals Markets AS. To accomplish this, the firm will withdraw the subsidiary’s investment company license, which may
GAIN Capital Recovers from Multi-Year Lows | Wibest Broker
The largest forex broker in the US, GAIN Capital Holdings, Inc, gained aggregated trading volumes for the second consecutive time. Despite the recovery from a long-bearing low, volumes still failed to meet its 2019 equivalent this January. GAIN Capital’s client
Stake Expands Services into the UK | Wibest Broker
The future of brokerage is one with fast, simple, and direct access to the US market with no surprises. Founder and CEO of the digital brokerage platform Stake Matt Leibowitz just announced the company’s expansion into the UK. Leibowitz believes
AETOS Maintains Partnership with Sydney FC
For the third consecutive year, Australian forex broker AETOS Capital Group announced a renewal on its partnership with Sydney FC. The agreement allows the broker to remain as the football club’s Principal Partner. The broker’s logo will be on the
RoboMarkets Launches 500 More CFD Options
European broker RoboMarkets just launched more than 500 contracts for differences (CFDs) on its European stocks on its R Trader platform. R Trader is the firm’s multi-trading platform that now offers stocks from 11 European countries that weren’t available beforehand.
Guotai Junan on Plans to Raise $480 Million
One of the largest investment banks and securities in China just announced its intentions to raise approximately HK$3.729 billion. Guotai Junan International Holdings Limited offered one out of every three existing shares held on February 7, 2020. The company, part
SGX Allows Ayondo to Extend Appeal Deadline
The Singapore Exchange (SGX) just accepted Catalist-listed Ayondo’s application to extend its deadline to resume trading. According to SGX, the firm had to submit the proposal with a plea to resume operations within 12 months. Ayondo was suspended from trading
Robinhood Clients Sidelined in a Historical Dow Rally
Millennial-focused trading platform Robinhood just suffered one of its worst outages when Dow had its biggest point gain since 2009. Clients couldn’t log in while some couldn’t access certain volumes all throughout the close. Many of its 10 million users
IG US Increases Market Cap Over Successful Customer Deposits
Europe’s largest online trading platform IG US increased its market share this week, following $20.4 million earned in customer deposits. The January figure was 25% higher against the previous month, which is also about six times bigger than in mid-2019.
Plus500 Co-founder Buys Significant Company Shares
Following another Plus500 co-founder, vice president of engineering Omer Elazari purchased close to £700,000 worth of company shares. Meanwhile, the online contracts for difference (CFD) provider is continuing to execute its share buyback program. Elazari bought £659,890 worth of the
ASIC Recommends Taking Precautions Against COVID-19
Increasing volatility in the financial markets worried the Australian Securities and Investments Commission (ASIC). It reminded issuers to remain vigilant. The Australian regulator sought to increase their number of measures in place against higher than normal volumes in trade. To