In the first quarter, Plus500 reported a $215.6 million revenue, marking a 4% rise Y-o-Y and a 14% increase Q-o-Q. Customer income was $169.6 million, with $30.6 million coming from customer trading performance. The remaining revenue came from interest income. Today’s unaudited trading update shows Plus500’s Q1 EBITDA hit $102.6 million, up 2% Y-o-Y …
The Australian Federal Court has ordered Prospero Markets, a trading broker for forex and CFDs, to shut down and has appointed a liquidator to refund client money. This move follows a demand from the Australian Securities and Investments Commission (ASIC). On Thursday, the court demanded the closure on grounds deemed just and equitable. BRI Ferrier’s …
Security in the realm of cryptocurrency trading encompasses more than just the safeguarding of digital assets; it also pertains to the stability of investments and the prevention of volatile market fluctuations impacting one’s financial well-being. Bitcoin ReoPro 100 (Version 1.0) stands at the forefront of this dual aspect of security, offering traders a robust platform …
The Dual Security Promise of Bitcoin ReoPro 100 (Version 1.0) Read More »
March saw Exness’s trading volume soar to $3.86 trillion, marking a 9.3% rise from February’s $3.53 trillion. Despite this uptick, the figures barely fell short of the $3.87 trillion in January. Yearly comparison reveals a steady state, with March’s numbers mirroring the $3.88 trillion of March 2023. Expanding its reach, Exness, rooted in Cyprus, has …
Exness March Trading Surges, Active Users at All-Time High Read More »
Plus500 has significantly expanded its Haifa office space and increased recruitment efforts across various departments. Local news source Walla reports the brokerage has leased an additional 5,800 square meters in the Gev-Yam complex in Haifa. Aden Dahan, Plus500’s Vice President of Recruitment and Human Resources, stated the expansion is in anticipation of the company’s future …
Plus500 Expands Office Space in Haifa and Boosts Hiring Read More »
After two unsuccessful attempts, Robinhood (Nasdaq: HOOD) finally entered the United Kingdom market but has temporarily removed margin trading for UK users moments post-launch. Questioning the “Regulatory Loophole” The spokesperson from Robinhood stated they put margin investing on hold while in talks with regulators. Margin trading, which involves using leverage for larger trades, is high …
Robinhood UK Launch – No Fee Trading, Margins on Hold Read More »
Admirals recently introduced the Admirals Analytical Research Terminal, a new analytical platform designed for MT4 and MT5 traders, in collaboration with Acuity, a leader in AI-driven financial technologies. This addition uses the latest AI innovations to provide a collection of distinctive features that enhance the investing and trading experience for clients. Elevate Your Analysis with …
Admirals Launches New Analytical Tools for MT4 & MT5 Read More »
ZaraFX, a leading CFD Forex brokerage, recently closed its Series A funding round, securing over $2 million in investments. This financial influx marks a significant turning point in ZaraFX’s journey of expansion and advancement. Additionally, the company is excited to announce the opening of its newest office located in Dubai. Boosting Operational Capacity Through $2M …
ZaraFX Secures $2M Series A Funding, Appoints COO & CFO Read More »
MyFlashFunding, based in the US, today (Monday) disclosed its collaboration with an ASIC-supervised broker for its global clients. The ASIC, a leading authority in financial regulation, oversees this broker. Despite the announcement, the prop firm kept the broker’s identity confidential. It’s also still determined whether the services will be under the ASIC’s watch or a …
MyFlashFunding Partners with ASIC-Licensed Brokers Read More »
Embarking on a narrative about Marketrocks, we delve into the essence of what makes this trading platform a beacon for investors navigating the tempestuous seas of the financial markets. This reimagined exploration aims to present a distinct perspective. It focuses on the platform’s innovative approach, its commitment to inclusivity, and the security measures that stand …
Unlock Success: Marketrocks’ 2000+ Trading Instruments Read More »
In a recent announcement, Plus500 disclosed an incremental $100 million earmarked for stock repurchases unveiled Tuesday by the London-traded brokerage. This initiative is part of its shareholder remuneration scheme, which includes a hefty $75 million dividend payout. Stellar Shareholder Rewards Amidst Lower Revenue Amid a fiscal 2023 closing with group revenues dipping to $726.2 million, …
Prop trading has taken yet another hit as Funding Pips unexpectedly ceased operations, a development revealed to clients as “imperative immediate maintenance.” The company halted trading abruptly and severed services. Blackbull’s Influence in the Mix Blackbull Markets, the sole broker for Funding Pips, ended its association abruptly. A Blackbull spokesperson stated they had to stop …
Funding Pips Operation Halt – Blackbull Cuts Ties Read More »
TBC Capital, a prominent financier in Georgia, has incorporated TipRanks’ exclusive financial tools into their platform. The new development has expanded offerings to its clientele through elite financial information and instruments. TipRanks touts its service as providing “The kind of financial data normally exclusive to hedge funds and wealth-heavy institutional investors.” TBC Adds TipRanks’ Features …
TipRanks Financial Tools Hit the Georgian Market Read More »
The CFI Financial Group has forged a strategic alliance with the celebrated soccer team Paris Saint-Germain that will extend through June 2026. This deal marks a key achievement in CFI’s strategic expansion initiatives. CFI and PSG: A Strategic Alliance through 2026 By partnering with PSG, CFI intertwines the realms of finance and top-tier sports, reflecting …
Swissquote, licensed as a Swiss broker and bank, recently rolled out an expansion of its services by offering a program for stock lending. The company made the announcement this past Thursday, stating that the program would enable customers to earn an excess of 5 percent on specific lent stocks. Swissquote Introduces Stock Lending In the …
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