Wed, July 24, 2024

Trading Solution

Darwinex’s Profit Surge 70% Profit as Trader Equity Stays Steady

Tradeslide Trading Tech Limited, operating as Darwinex in the UK, reveals a near 70% surge in earnings in its December 31, 2022, annual report. The report spans 18 months, commencing June 30, 2021. Darwinex Growth in AUM According to the UK Companies House report, Tradeslide’s profits soared from €225,000 in 2021 to €377,000. Furthermore, the …

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Broker News

AETOS UK’s Operating Expenses Nearly Match FY23 Earnings

The UK arm of AETOS Capital Group, AETOS Capital Group UK Limited (AETOS UK), concluded the 2023 fiscal year with an annual turnover of £399,017 per their most recent Companies House filing. The figure reflects a 12% increase compared to the previous year. Revenue Performance of AETOS UK Despite the year-on-year growth, the earnings remain …

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Broker News

H1 2023 Sees a 39% Surge in Doo Group’s Trading Volume.

The first half of 2023 witnessed a significant increase of 39.4% in the trading volume of Doo Group, a conglomerate of various financial service entities, including forex and contract for differences (CFDs) brokers. During this period, the group managed to handle over $452.3 billion in trading volume. Doo Group’s Stellar Performance Doo Group’s portfolio includes …

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eToro

eToro Extends Partnership with SK Slavia Prague

For the following season, the Israeli financial firm eToro has reaffirmed its patronage of SK Slavia Prague, the most venerable football club in the Czech Republic. The company, which specializes in social trading and investment, first assumed the mantle of the club’s sponsor in 2021, following the establishment of a multi-year accord. eToro Maintains Commitment …

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eToro

eToro Signs Sponsorship Deal with Spanish Baskonia Club

eToro has ventured into basketball sponsorship by becoming the official sponsor of the Spanish professional basketball club Baskonia. This agreement covers the club’s next two seasons, ending in 2025. eToro Expands Sports Sponsorship Portfolio  This deal follows eToro’s recent agreement with Premiership Rugby, an English professional rugby union league, to sponsor its upcoming season. The …

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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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Broker News

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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Broker News

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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Broker News

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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Broker News

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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