Axi, formerly known as AxiTrader, is boldly stepping into the proprietary trading arena despite the sector’s current turmoil following actions against My Forex Funds. The Australian Forex and CFDs broker has launched a proprietary trading scheme, Axi Select. Axi Select: The New Player in Prop Trading In a recent statement, Axi clarified that the proprietary …
Axi Debuts Proprietary Trading with Attractive Profit Split Read More »
In 2022, TIO Markets UK Limited, a branch of TIOmarkets, underwent substantial restructuring and consolidation, resulting in a year-end income of $34,171, a decrease from the previous year’s $150,961. TIOmarkets UK Attains Break-even Status in 2022 In 2022, the UK-based extension witnessed a rise in sales costs to $197,131, an increase from $145,935 the previous …
TIOmarkets UK’s 2022 Revamping Results in Reduced Revenue Read More »
Online trading provider Pepperstone, based in Australia, has now brought spread betting to TradingView, its social charting platform. The Forex and Contract for Difference (CFDs) brokerage stated that ‘tax-free’ spread betting was now accessible to UK customers on TradingView. Users can place spread bets on instruments like forex, commodities, indices, and shares using the platform’s …
Pepperstone Adds Spread Betting into TradingView Platform Read More »
The no-fee brokerage, Robinhood, encountered a significant setback in their battle against Massachusetts’ Secretary of State, Bill Galvin. A ruling by the Supreme Judicial Court of Massachusetts (SJC) confirmed that the state’s fiduciary duty rule, crucial to the case, stood valid. Massachusetts High Court Supports State Regulator Bill Galvin put forth an enforcement action against …
Massachusetts Battles Robinhood Over Trading Gamification Read More »
The Swiss-based Dukascopy today made its interim consolidated income statement public. The report showed a sharp 80% plunge in profits, dropping to CHF 889,000 in H1 of this year from CHF 3.9 million during the same period in 2022. Dukascopy, a multinational Swiss entity, manages its retail forex and Contracts for Difference (CFD) brokerage and …
Dukascopy’s Trading Revenue Takes an 80% Hit in H1 Read More »
Hirose Financial UK Limited, a digital retail forex trading service provider, has experienced an impressive surge in its annual profit for the year ending on March 31, 2023. The firm’s profit, regulated by the UK Financial Conduct Authority, escalated by more than 400%, moving from £59,039 to £295,298. Quadrupled Profit for Hirose UK In the …
Hirose UK’s Earnings Spike by 400% in 2023 Despite Similar Turnover as 2021 Read More »
Tradeslide Trading Tech Limited, operating as Darwinex in the UK, reveals a near 70% surge in earnings in its December 31, 2022, annual report. The report spans 18 months, commencing June 30, 2021. Darwinex Growth in AUM According to the UK Companies House report, Tradeslide’s profits soared from €225,000 in 2021 to €377,000. Furthermore, the …
Darwinex’s Profit Surge 70% Profit as Trader Equity Stays Steady Read More »
The UK arm of AETOS Capital Group, AETOS Capital Group UK Limited (AETOS UK), concluded the 2023 fiscal year with an annual turnover of £399,017 per their most recent Companies House filing. The figure reflects a 12% increase compared to the previous year. Revenue Performance of AETOS UK Despite the year-on-year growth, the earnings remain …
AETOS UK’s Operating Expenses Nearly Match FY23 Earnings Read More »
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 handle over $452.3 billion in trading volume. Doo Group’s Stellar Performance Doo Group’s portfolio includes …
H1 2023 Sees a 39% Surge in Doo Group’s Trading Volume. Read More »
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 other divisions within the group. ADSS Set to Exit UK Market ADSSL has been delivering …
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 the club’s sponsor in 2021, following the establishment of a multi-year accord. eToro Maintains Commitment …
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, marking their first venture into mergers and acquisitions since its establishment as CFD Global.com in …
CAPEX.com Aquires WiredMarket’s Client’s in Greece Read More »
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 with Premiership Rugby, an English professional rugby union league, to sponsor its upcoming season. The …
eToro Signs Sponsorship Deal with Spanish Baskonia Club Read More »
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 supports Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) on cTrader, along with 28 cryptocurrency contracts …
FxPro Introduces Crypto CFDs to cTrader Platform. Read More »
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 substantial decline. Mixed Results for FY23 The net trading revenue, encompassing CFD and spread betting, …
CMC Markets Reports FY23 Earnings, 43% Profit Downturn Read More »
