A few days ago, the Millennial trading app Robinhood faced accusation of paying clients to back out from a class action. A US District Judge denied an Emergency Motion for Temporary Restraining Order against the firm for “misleading communications.” Lawyers’ allegations revolved around a $75 goodwill credit to compensate for the firm’s losses from an …
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Plus500 is thriving with another purchase of its company’s ordinary shares amid uncertainty led by the coronavirus pandemic. As part of the firm’s share buyback program, it bought another 40,000 of its ordinary shares. The coronavirus pandemic brought a lot of other financial firms under crisis. Meanwhile, Plus500 seems to be benefitting from it instead …
International forex broker RoboForex announced an improvement of the bonus program conditions for its clients and partners. Classic Bonus, Profit Share Bonus, Cashback, and VIP client were all part of these programs. The company also changed the conditions of affiliate commission payouts. The classic bonus increased to a maximum of 120% of the deposited sum. …
RoboForex Helps Clients with Easier Requirements Read More »
Online contracts for difference trading provider Plus500 said its Chief Technology Officer purchased more than 3,000 company shares. In particular, Ari Shotland paid a total of £27,101.7 for exactly 3,454 shares. The purchases took place in two rounds: on March 19, 2020, and then on the next day. The first share had a purchase of …
IG Group Holdings announced its results for the third quarter of its fiscal year ending May 31, 2020. Fortunately for the group, it saw strong results to February 29, 2020. Client activity increased during this period with a solid performance, especially during the final week of February. The firm saw a £139.8 million in revenue, …
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 emphasize the importance of having business continuity plans, the watchdog asked firms to review, update, …
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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 company’s share at a price of £9.427 a share on March 6th. Prior to the …
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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. The Commodity Futures Trading Commission (CFTC) showed balances of US retail traders last month. The …
IG US Increases Market Cap Over Successful Customer Deposits Read More »
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 went to Twitter and Reddit to complain about the start-up. Some even said they’d leave …
Robinhood Clients Sidelined in a Historical Dow Rally Read More »
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 since January 30, 2019, over concerns of its financial situation and compliance on regulations. In …
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 of Guotai Junan Securities, offers a subscription fee of HK$1.45 per rights share. Guotai will …
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. The countries involved are Denmark, Ireland, Spain, Belgium, Norway, Portugal, the Netherlands, France, Finland, and …
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 club’s home and away kits during the FC Champions League 2020 tournament. The first match …
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 Stake strips away hidden fees, unreasonable prices, and limited customer control for open, honest, and …
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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 transactions totaled $161 billion, a 23 percent increase month-over-month since December 2019. Meanwhile, year-over-year numbers …
GAIN Capital Recovers from Multi-Year Lows | Wibest Broker Read More »
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