Wed, April 17, 2024

Broker News

Skilling - : MetaTrader 4 logo displayed on a mobile phone.

Skilling Launches MetaTrader 4

Skilling, a foreign exchange (forex) and contracts for difference (CFD) platform, has revealed that it has reached another milestone. It integrates and launches on the MetaTrader 4 trading platform. MetaTrader 4 is a prominent electronic trading platform used by brokers. The Cyprus Securities and Exchange Commission (CySEC) and Seychelles’ Financial Service Authority (FSA) licenses Skilling. …

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Sign of The U.S. Commodity Futures Trading Commission on their building.

CFTC Files Against Long Leaf for Million-Dollar Losses

Long Leaf Trading Group, Inc., a registered introducing broker, is taking heat from the US Commodity Futures Trading Commission. CFTC is grilling the broker for a handful of regulatory violations and failures involving a specific trading program. Time Means Money is one of the broker’s trading options, which the firm had purposely mishandled. According to …

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Businessman using smartphone and analysing financial data.

EuropeFX, Dualix, and UFX Stopped Trading in UK, says FCA

Three Cyprus-based FX brokers decided to cease providing any investment services in the UK, according to the FCA. These outgoing brokers are Maxiflex Ltd (EuropeFX), Maxigrid Limited (Dualix & AGM Markets), and Reliantco Investments Ltd (UFX). They have based the decision on notifications from their original regulator, CySEC.  The FCA said existing UK account holders …

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forex trading graph in graphic concept.

Volumes Fall on Broker Gaitame As COVID-19 Volatility Drops

Gaitame has uploaded its trading volume for the month of May. This was after reporting its best transaction volume in the retail broker’s history in March. It showed that volumes are returning back to the levels prior to coronavirus. In March 2020, during peak volatility amid COVID-19, Gaitame posted a transaction volume of ¥553.4 billion. …

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Pepperstone broker logo displayed on smartphone.

Pepperstone Secures DFSA License | Wibest Broker

Pepperstone has secured a license from the Dubai Financial Services Authority (DFSA). This was a few months after incorporating its new subsidiary, Pepperstone Financial Services Limited, in the Dubai International Financial Center. Tamas Szabo, Group CEO of Pepperstone, is thankful for their presence in Dubai. Pepperstone can establish even closer ties with their clients in …

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screen broker photo.

Mediterranean Regulator MFSA Warns Against ApexTrade Options

The broker fraud saga continues. The Malta Financial Services Authority (MFSA) just warned against a firm that claims to be regulated. It turns out that ApexTrade Options Ltd, a Forex broker, was not a Maltese entity at all. According to the watchdog’s recent warning, the agency didn’t even know of, let alone authorize, the firm. …

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Charles Schwab Office Building Exterior Signs.

Lawsuits Hit Schwab,TD Ameritrade Merger

The Boards of Charles Schwab and TD Ameritrade have invited their respective shareholders to agree on an all-stock merger. It was valued at $26 billion, despite many lawsuits challenging the deal. The discount brokers are taking their final step towards integration, and the mega-deal is not going on without criticism. According to almost identical disclosures …

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In this photo illustration the CBOE logo is displayed on a smartphone.

Cboe Announces Reopening of Trading Floor June 8

Cboe Global Markets Inc. announced plans to open its Chicago site on June 8. Half of Cboe’s trading floor participants can expect to return to the reconfigured space next month. The exchange operator said, on Tuesday, that rigorous precautionary measures to limit exposure to the coronavirus include a different layout. This is to allow for …

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IG Group company logo displayed on Huawei smartphone.

IG Group System-wide Outage Now Resolved | Wibest Broker

IG Group clients have reported problems using their trading terminals. Several users complained about problems logging into, or using the broker’s platforms on Thursday. There were also complaints about reaching their help phone lines.  According to some traders, the problem had been resolved with their broker. But they were still unable to specify what the …

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Etoro on a smartphone screen on an old wooden table with leaves on it.

eToro Sees Another Coronavirus Surge in Trading Volumes

With the stock market as the biggest trend in the coronavirus economy, online investment firm eToro announced 13 million users. The platform saw the surge during the first four months of 2020. When measuring against the same period against the previous year, the firm saw its new users increase by 427 percent. Furthermore, these new …

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