Fri, March 29, 2024

Broker News

FxPro Introduces Crypto CFDs to cTrader Platform.

On Friday, FxPro, an online forex broker, announced that it had included cryptocurrency trading in its cTrader accounts. The feature enables traders to access cTrader accounts and create new ones under their profiles. BTC, ETH, and XRP Available  FxPro now supports Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) on cTrader, along with 28 cryptocurrency contracts …

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CMC Markets Reports FY23 Earnings, 43% Profit Downturn

CMC Markets (LON: CMCX) has unveiled its earnings for the fiscal year 2023 (FY23), which concluded on March 31. The company posted a net income of £288.4 million, aligning with its predictions. Despite a 2% year-over-year increase, profits experienced a substantial decline. Mixed Results for FY23 The net trading revenue, encompassing CFD and spread betting, …

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Plus500 logo sign on the office building.

Plus500 Sponsors BSC Young Boys for 2 More Years

An official announcement confirmed that Plus500 had prolonged its sponsorship deal with BSC Young Boys, a Swiss football club, for two additional play seasons. The Israeli brokerage company was previously named as the club’s primary shirt sponsor for the 2020/21 and 2021/22 seasons. A Significant Partnership in European Football BSC Young Boys is a prominent …

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Trading 212 UK’s 2022 Revenue Rise, But Profits Slip 9%

Trading 212 Limited has recorded a turnover of over £98.7 million in the UK and pre-tax profits amounting to £50.8 million in 2022, as per its filing with Companies House. It was a 5% increase from 2021’s revenue figure of £94 million. Meanwhile, other operating income reduced to £1.7 million £1.7 million from £4.5 million, …

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Admirals Ends Estonian License Amid Global Consolidation

During the first half of next year, Admirals Group AS, the parent company of FX/CFDs brokerage Admirals, will merge with its Estonian subsidiary, Admirals Markets AS. To accomplish this, the firm will withdraw the subsidiary’s investment company license, which may happen by August of this year. On Thursday, the company based in Estonia announced its …

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CLSA Exits Margin Dealing, Moves to Healthcare

The Hong Kong-based broker, CLSA Premium Limited, has stopped offering margin dealing services. Instead, it will focus on its new healthcare business, which started in mid-2022. At last week’s annual general meeting, the company’s shareholders voted unanimously for proposed business area changes. There have been positive outcomes following the group’s exploration into the healthcare business …

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Tastytrade and LiteFinance Release Latest Features

On Monday, Tastytrade and LiteFinance, retail brokers for FX and CFDs, shared updates about their businesses. Tastytrade revealed the launch of an application programming interface (API), while LiteFinance released an updated version of its mobile trading app for iOS devices. Tastytrade Releases ‘tastytrade-API’ Tastytrade announced that they have a new interface called ‘tastytrade-API’ that allows …

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SFC in Hong Kong Calls Vantage Website ‘Suspicious’

The Securities and Futures Commission (SFC) in Hong Kong has cautioned against Vantage International Group Limited. Vintage is a popular forex and contracts for differences (CFDs) broker and registered arm of the Cayman Islands. The regulator warned that Vantage’s website was ‘suspicious,’ noting that the company appears to be focusing on attracting Hong Kong investors. …

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Acetop UK Records 6% Revenue Jump; Reduces 2022 Losses

FCA-regulated Acetop Financial Limited published its financial data for the fiscal year of 2022, ending on December 31st, revealing total takings of £180,808, displaying a yearly growth of approximately 6%.  Consequently, the firm reduced its annual losses to £334,640 from £687,536 – a decline of more than 51.3%, offering a positive outcome for the year. …

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Navigating Wiolin.com's Tech-Driven Trading Haven

VertexFX Taps Advanced Markets’ Liquidity

VertexFX, a powerful trading platform by Hybrid Solutions, has integrated Advanced Markets. Advanced Markets provides sophisticated FX liquidity advanced technology, and credit solutions. Advanced Markets’ liquidity allows VertexFX platform users to access competitive pricing and rapid execution of trades. They also give access to profound liquidity on more than 60 currency pairs through our Direct …

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Robinhood Signs Modified Credit Agreement for $2.175 B

For the second time, RHS – a California-based broker-dealer – has amended its credit agreement with JP Morgan Chase and their banking syndicate, granting them access to an additional revolving credit facility totaling $2.175 billion. It is in addition to the institution’s prior commitment of $2.275 billion that was signed back in April 2020. Robinhood …

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OANDA Launches CFDs Exposure to Popular U.S. and UK Stocks

OANDA is a long-standing leader in multi-asset retail trading markets. On Monday, the brokerage launched its new Global Markets division featuring CFDs offerings extending beyond European equities to include U.S. and U.K. stocks. This exciting development will surely change how investors approach these markets! The offering allows its customers in emerging markets to trade CFDs …

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Exness Hits $3 Trillion in February Trading Volume.

In February, Exness achieved a remarkable milestone by attaining an all-time high trading volume of over $3 trillion and surpassing 500K active customers! This February, the broker shattered its previous trading record of $2.82 trillion set in January with a remarkable monthly figure of $4 billion! Compared to last year’s figures, this was double what …

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