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 »
French investment bank Societe Generale SA reported on Thursday earnings miss in the fourth quarter of 2019. Although it announced plans for potential share buybacks and saw better profitability this year. The Paris-based lender revealed that its net income dropped 4.6% to €654 million ($719.26 million) in the quarter. This missed analysts’ expectations of €665.8 …
SocGen Profit Drops, Plans Possible Buyback | WibestBroker Read More »
Online broker firm Interactive Brokers announced higher earnings in January 2020 compared to December 2019. This feat set a two-year record for its Daily Average Revenue Trades. January 2020 DARTs saw a 32 percent rise at 1,019,000 as the highest figure since February 2018 with 771,000. The firm also saw a 20 percent increase in …
Interactive Brokers Set a Two-Year High | Wibest Broker Read More »
As part of the growing trend, Boston-based broker Fidelity Investments announced the launch of fractional stock and ETFs trading online. The feature allows small-time investors to diversify their portfolios for as little as $1. Geared towards attracting more clients in the younger demographic, this allows more clients to afford their services. The broker explained that …
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Grenadines-based broker Invest100, under Growth Capital LLC, secured registry of foreign exchange in Belarus. The move was after the Bank of Russia revoked forex licenses from several firms last year. Invest100 will undergo an assessment of their trading platform in the National Forex Center. NFC qualifies forex companies that have a capital of at least …
The global online trading provider CMC Markets Plc published positive expectations for the last quarter of its 2020 fiscal year. This was due to higher client income in comparison to the first half of 2020 from April to September 2019. Without providing exact figures, the group reported higher net operating income for Q3 ended on …
FBS just became FC Barcelona’s Official Trading Partner for the next four years through June 20, 20204. The partnership is a part of Barca’s global commercial strategy to continue being a benchmark marketing club. The partners plan to hold joint programs to offer unique online and offline experiences for their respective audiences. The FBS name …
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After a long, slow November in Forex, GAIN Capital Holdings, Inc. bounces back with a four percent jump in volumes. The forex broker’s clients transacted a total of $130.8 billion in December 2019. The broker’s transaction volume was at $125.6 billion in November of 2019, which was significantly lower than October 2019. However, the company’s …
GAIN Recovers from Forex Drought | Wibest Broker Read More »
The retail brokerage unit of Japanese IT giant GMO Internet recovered from its weakest Forex OTC volumes throughout 2019. November proved quieter for investors than the holiday season in December. Namely, the broker reported a 4.6 percent uptick month-on-month in December from $465.2 billion to $486.8 billion. The increase wasn’t as notable as the firm …
Higher Expectations in Toll for GMO Click | Wibest Broker Read More »
Plus500, an online provider of CFDs, published their expected revenue through the London Stock Exchange recently. The Group expects to report revenue of around $354 million and an EBITDA of $190 million. The Group’s board claims their yearly performance is the result of the strong latter half of the year. Their CEO, Asaf Elimelech, said …
The Global Forex Awards celebrate the best brokers in the business annually since 2010. The following brokers made the most reappearances in the Global Forex Awards from 2010-2018. The most reappearances go to FXCM, which won the best Forex award in Europe in 2010 and the USA in 2010, then 2014-2016. It also won the …
24Option received an order to stop financial securities operations in Italy this week. According to the country’s securities regulator Consob, the company was banned from non-compliance with specific regulations. Domains barred from the country include www.24option.com, www.rodeler.com, www.24fx.com, www.grandoption.com, and www.quickoption.com. Consob’s decision also prevents the Cyprus-based company from soliciting customers and providing investment services …
Two years after UK firm IKON Finance exited the Forex market, a heavy retail client filed several suits against them. Consequently, the broker’s client, acquisitor Hantec Markets was dragged along with it for a much higher price. The Jordanian heavyweight client Hafex Fakhri Taji Al Farouqi seeks nearly $11.6 million in misappropriated funds and damages. …
Third Heavy Suit Against IKON, in Progress | Wibest Broker Read More »
Invest by Freetrade will offer a thousand new stocks and exchange-traded funds (ETFs) in the UK starting Tuesday. The mobile-based parent stockbroker said the platform will reduce costs tremendously. Founder and chief executive Adam Dodds said unreasonably high fees from traditional providers should not be normal. Instead, users can benefit from Invest in the form …
Freetrade Starts Flagship Platform in the UK | Wibest Broker Read More »
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