Sat, April 20, 2024

Broker News

Vantage Embarks on “Fresh Start” with Website Redesign

The dawn of a new year typically prompts individuals and companies to commit to new beginnings. It is true of retail FX/CFD broker Vantage, who kicked off the year by launching a revamped website on Monday. The updated design and enhanced features seek to provide a better mobile browsing experience, acknowledging the role of mobile …

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New Player on the Market: What Does Bankefex Offer?

Bankefex introduces a platform that sets a new benchmark in the financial world. This brokerage firm seems dedicated to professionalism and transparency, but is it a really good choice? Considering its rating, it would seem so, but let’s explore all the features that make Bankefex stand out among other brokerages. Transparency Redefined: A Clear Path …

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ForexVox Unveils New Identity as MarketsVox 

ForexVox, a renowned FX/CFD retail trading platform ForexVox, unveiled its transformation into MarketsVox on Tuesday. The change reflects the company’s growth trajectory, moving beyond Forex and embracing various financial arenas. The firm operates from its main office in London, but it is licensed under a Seychelles-registered company and has its roots in Ukraine. The platform, …

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Saxo Bank’s December FX Trading Volume Records New High.

Saxo Bank, in its December trading metrics, reported a surge in the monthly volume of forex instruments. The bank observed a month-over-month rise of 13.6% in forex trading, amounting to $13.8 billion, the maximum since the previous March. Saxo Witnesses Surge in FX Demand Saxo’s FX average daily volume (ADV) for December climbed to $6.4 …

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AvaTrade VIP Clients Enjoy 2.7% Interest Boost.

Online broker AvaTrade has introduced an attractive benefit for its exclusive VIP clients. This new feature entitles qualifying clients to receive interest payments, thus enriching their trading journey. AvaTrade deposits an annual interest rate of up to 2.7% directly into the accounts of chosen VIP customers, providing them an additional trading advantage. The AvaTrade CEO, …

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Tradu Chooses Crossover Crypto ECN Before Its Launch

With its advent just around the corner, the universal brokerage platform Tradu enlisted Crossover Markets Group as its principal digital asset managing associate. I came to light through an official statement released on Thursday, revealing that the cryptocurrency flow on Tradu will connect to Crossover’s CROSSx electronic communication network (ECN).  Tradu is a subsidiary of …

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Plus500 Expands in the US with FIA Membership

The American division of Plus500 (LON: PLUS) has consolidated its position in the US by joining the Futures Industry Association (FIA). The development comes a few years after the broker’s initial foray into the US market through an acquisition. Plus500’s Calculated Move Founded in 1955, the FIA serves the futures, options, and derivatives markets, including …

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Saxo Unveils New Investment Fund for UK Retail Traders

Saxo, renowned for its multi-asset trading and investment, has broadened its services in the UK by introducing its funds. Retail investors can now partake in diverse assets, from quick options to a wide range of funds. By partnering with a host of top-tier fund managers such as BlackRock, Fidelity, J.P. Morgan, and Vanguard, Saxo has …

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CMC Markets Records H1 Loss, Trading Revenue Dips by 32%

CMC Markets [LON: CMC] posted its H1 2024 financial report this Thursday, revealing a 20% YoY dip in net operating revenue, landing at £122.6 million. The firm, specializing in forex and contracts for differences (CFDs) brokerage services, suffered a pre-tax loss of £2 million within these six months, resulting in a negative 0.8 pence basic …

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eToro Ends Rugby Australia Sponsorship, Signs Deal with APL

Recently, eToro ended its three-year affiliation with Rugby Australia, choosing not to extend the sponsorship pact inked in 2021. The agreement had established eToro as the naming partner for inbound Tests, including The Rugby Championship, and as a partner to the Wallabies. The eToro emblem was present on all associated team branding, notably on the …

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Exness Sets New Record: $4.8 Trillion Trading Volume

Exness, based out of Cyprus, ended October with an unprecedented trading volume exceeding $4.8 trillion. The record-breaking outcome for the forex and CFDs broker signals an 8.2% increase from the previous month’s figures. With its recent trading volume, Exness now stands on the verge of reaching the significant $5 trillion milestone. The volume for October …

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IG Group’s Job Cuts: An Effort Towards Cost-Efficiency

IG Group, listed on the London Stock Exchange (LON: IGG), plans to cut around 300 jobs by the end of fiscal year 2023. This move, representing about a 10% reduction in the total workforce, follows the company’s investigation into areas for cost efficiency.  IG’s Significant Cost-Reduction Strategy The brokerage group announced on Tuesday a significant …

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Saxo’s Sept Trading Volume Dips, FX Follows Trend

Denmark-based Saxo Bank registered a total trading volume of $438.3 billion in September, a 3.4 percent fall from August’s $453.7 billion. The dip was offset by a higher daily average of $20.9 billion due to fewer trading days in September than $19.7 billion in August. The foreign exchange trading volume on Saxo’s platform stood at …

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FX Tampa Equips Japanese Retail Investors

The trend of independent investments within Japan is rising, with forex trading becoming particularly popular. As a response, FX Tampa equips Japanese traders to meet the increasing market demands. FX Tampa enables investors to diversify their portfolios by providing access to over 200 financial instruments, such as currencies, commodities, indices, stocks, shares, and crypto. As …

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Introducing Korata: A New Forex Trading Platform

This recent study has a look at Korata, an online forex broker registered online only recently. Our exhaustive investigation has culminated in this short overview of Korata, designed to share our findings. Since its recent establishment, Korata has emerged as a formidable player in the world of online trading. Setting itself apart from traditional forex …

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