Fri, January 27, 2023

Broker News

Broker News

FxPro UK Reports 48% Revenue Drop in 2021

FxPro UK Limited, the FCA-regulated subsidiary of the Cyprus-based group, published its financials for the fiscal year 2021, ending on December 31. The report showed that the broker’s revenue decreased 48 percent to £900,365 from more than £1.7 million in the previous fiscal year. With only £36,440 of other income, compared to the previous year’s …

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Broker News

ThinkMarkets UK Records Profit Jump Despite 38% Revenue Dip

Turnover for ThinkMarkets, decreased 38% to £2.73 million this year from last year’s £4.38 million. Think Markets is a UK business of Melbourne-based broker. Although its executive expenses decreased, the company’s operating profit for 2021 was still higher than last year’s £206,556 at £250,112. With other interests and income amounting to £68,000 (unchanged from the …

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Broker News

Trade.com Gets License in Dubai, Eyes for US and Italy

Trade.com, a fast-growing trading brand in Trade Capital Holding’s retail markets, has established a representative office in Dubai and obtained a new license from the Government of Dubai. Roei Gavish, the Group CEO of Trade Capital Holding, said that their new Dubai office would help them develop business partnerships and collaborations in MENA and APAC. …

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Broker News

eToro Launches Australian Stocks Portfolio

eToro announced that it was expanding its services to include an Australian stock portfolio. It will expose users to some of the best-performing stocks in the Australian financial markets. eToro hopes this will help its clients better understand and invest in the Australian economy. According to Josh Gilbert, a Market Analyst at eToro, many investors …

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Broker News

CMC Markets Renews Blues Sponsorship for 3 More Years

CMC Markets, a London-based financial services firm, has extended its sponsorship agreement with New Zealand’s professional rugby team, the Blues, for another three years. The two companies initially agreed to a partnership deal in February 2021 for two seasons. The three-year renewal was announced just as the existing arrangement ended. CMC Markets will be Blues’ …

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Bricknode Obtains SEK 5 million Loan to Open a Brokerage.

Bricknode has successfully secured a SEK 5 million loan from a leading financial institution to establish a new brokerage service. Bricknode is a SaaS company in the financial services industry, and the funding will allow them to provide an even better experience for their clients.  They’re excited to get started on this new venture. On …

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Global Brokerage: 22% Net Revenue Rise to $37.8M in Q2-2022

Global Brokerage Inc., which owns FXCM, an online forex trading and contract for difference (CFD) broker, saw a 21.6% growth in its net revenue during the second quarter of 2022. Net revenue in the quarter was $37.83 million, significantly increasing from $31.1 million during the first quarter. Global Brokerage announced this on Friday in its …

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Broker News

Vantage Launches Copy Trading App to its UK Traders

Vantage, a Sydney-based multi-asset broker, has introduced V Social, its social trading product, to traders in the UK. Vantage deemed V Social a ‘professional social network’ that allows traders to auto-copy signals, execute transactions, chat and analyze results. In a press release on Friday, Vantage announced the launch of V Social. The UK CEO of …

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ACY Securities Opens New Office in Melbourne, Eyes 2024 IPO

On Monday, the Australian-based currency and CFD broker, ACY Securities, announced the opening of a new office in Melbourne. It was part of the company’s efforts to enhance and expand its operations. This year it has plans to open additional offices. In a recent press release, the ACY Group also announced plans for another corporate …

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BUX Rebrands CFDs Trading Platform to ‘Stryk’

On Monday, European commission-regulated brokerage firm BUX announced rebranding its CFDs trading platform to Stryk, primarily to differentiate its distinct services. The move came after BUX aggressively expanded the reach of both its zero-fee training app and CFDs platform. The CFDs platform, launched in 2014, was very similar to the company’s zero-fee trading app, BUX …

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FTX Buys 7.6% Stake in Robinhood But Denies Takeover Talks

According to a Bloomberg report, Crypto exchange FTX is considering acquiring the American retail trading platform, Robinhood (Nasdaq: HOOD). The report cites anonymous sources as there is no official announcement about the deal yet. Sam Bankman-Fried, the founder and CEO of FTX, acquired a 7.6% stake in the commission-free broker. Bankman-Fried stated that he had …

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