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 …
Admirals Ends Estonian License Amid Global Consolidation Read More »
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 …
A forex and CFD broker called Axi (formerly AxiTrader) from Australia is aiming to increase its market share in Latin America. They have signed a sports sponsorship deal with Brazilian football club Esporte Clube Bahia to achieve this. The broker and the football club have entered into an agreement where the broker has become the …
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 …
Tastytrade and LiteFinance Release Latest Features Read More »
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. …
SFC in Hong Kong Calls Vantage Website ‘Suspicious’ Read More »
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. …
Acetop UK Records 6% Revenue Jump; Reduces 2022 Losses Read More »
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 …
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 …
Robinhood Signs Modified Credit Agreement for $2.175 B Read More »
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 …
Exness Hits $3 Trillion in February Trading Volume. Read More »
In February, trading on Saxo Bank experienced an overall reduction of 4.2%, with a total volume amounting to $359.8 billion for the month – and even more significantly, signifying a 14% decrease compared to last year’s numbers! Despite a shorter month, the daily average trading volume on the platform experienced significant growth; it increased to …
Equiti Group has announced the launch of its new office in Abu Dhabi to propel its presence in the United Arab Emirates. Equiti’s subsidiary manages the newest venture, regulated and licensed by the Securities and Commodities Authority since April of last year. Iskandar Najjar, Co-Founder and Group CEO of Equiti Group, stated that expanding to …
Equiti Opens Abu Dhabi Office 1 Year After SCA License. Read More »
VT Markets, a global multi-asset broker based in Sydney, has integrated Signal Centre’s Analysis IQ into its trading platform. Analysis IQ helps its users improve their trading decisions. It combines traditional and alternative data sets to provide a technical view of the markets in an intraday time frame. According to VT Markets, its clients will …
VT Markets Adopts Acuity Analysis IQ to Aid Decision Making Read More »
After years in the retail trading industry, OANDA intends to close all Malta operations on March 17th, 2023. Oanda plans to operate its European business solely under one regulated entity in Poland. On Monday, they declared that they would shift everything over to their Polish subsidiary OANDA TMS Brokers when the departure from Malta is …
OANDA Exits Malta to Consolidate European Business Read More »
An industry source close to OvalX (formerly ETX Capital) has disclosed that the FX and CFDs broker may be shutting down its operations. They’re initiating layoffs following its takeover by Swiss private equity firm Guru Capital. Reports have indicated that the company has begun to let go of its personnel. Unfortunately, they will still need …
OvalX (ETX Capital) Faces Uncertain Future as Layoffs Begin Read More »
On Friday, one of Japan’s longest-standing online forex and CFD brokerages, OANDA Corporation, announced major changes to their service. Specifically, the Japanese subsidiary of the brokerage will no longer allow new downloads of its desktop version of the fxTrade trading platform. It has also changed the margin rate for corporate accounts’ USD/JPY currency pairs from …
OANDA Japan: No More fxTrade, USD/JPY Margin Shift Read More »
