Fri, September 30, 2022

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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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Broker News

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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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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Broker News

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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Broker News

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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Broker News

Equiti Brokerage Expands its Crypto CFD Offering

Equiti Brokerage, one of the world’s leading online brokers, is expanding its offering to include margined crypto CFDs. The move provides Equiti clients with one of the industry’s most comprehensive and competitive offerings and allows them to trade through the MT5 platform. Whether you’re a new trader just getting started in the world of crypto …

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Broker News

City Index Launches Performance Analytics for UK Traders

City Index has launched its new brand with PlayMaker, an innovative performance analytics feature that allows clients to monitor their trading plans in real-time. The company updated its branding recently, and it’s now available on the website. This refreshed design will provide customers with a more modern experience as they navigate through all of our …

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Broker News

Georges Cohen Acquires 5% Stake in Squared Financial.

SquaredFinancial announced that Georges Cohen had returned to the company as an investor. He has acquired a 5% shareholding in the firm. Cohen is a well-known French businessman currently based in Geneva. In 1970, he joined Capgemini as a commercial sales engineer at age 17. Transiciel is one of France’s most successful information technology consulting …

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Capital.com Records a 229% YoY Rise in Q1 Trading Volume.

Capital.com Records a 229% YoY Rise in Q1 Trading Volume.

Capital.com, a leading online brokerage, announced that its trading volume surged 36% in the Q1 of 2022 compared to the previous quarter and more than 229% year-over-year. The impressive growth was attributed to increased market volatility, which triggered a rush among retail traders. “There’s nothing like volatility to attract investors to the market, and we …

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Saxo Bank Records a 35% Higher FX Trading Volume in March

Saxo Bank Records a 35% Higher FX Trading Volume in March

Even with the drastic jump in the trading demand, equities are experiencing slowed demand. In March, the overall monthly trading volume in SAXO Bank shot up to $460.4 billion, which makes it the highest since April 2020. Consequently, the current numbers caused a significant overflow of demand in retail services, hence the closure during the …

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