Category: Brokers

ASIC ban
December 23, 2024 BY Sam Boughedda

Australian Federal Court Says CFD Issuers EuropeFX and TradeFred Engaged in Systemic Unconscionable Conduct

The court is said to have ruled that collapsed Union Standard International Group Pty Ltd (USG), along with its former authorised representatives BrightAU Capital Pty Ltd (trading as TradeFred) and Maxi EFX Global AU Pty Ltd (trading as EuropeFX), engaged in systemic unconscionable conduct and other legal breaches, resulting in customer losses exceeding $83 million…

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December 20, 2024 BY Sam Boughedda

easyMarkets and Real Madrid Renew Collaboration Agreement

The renewal was celebrated at an event attended by Nikos Antoniades, CEO of easyMarkets, and Emilio Butragueño, Real Madrid's Director of Institutional Relations. The renewed alliance aims to deliver exclusive experiences for clients in key markets while promoting a shared ambition and a winning mentality. Real Madrid, the most valuable football club in the world…

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ActivTrades
November 29, 2024 BY Sam Boughedda

ActivTrades Secures New Regulatory License in Mauritius

Brokerage ActivTrades said Thursday that it has obtained a new regulatory licence from the Financial Services Commission (FSC) in Mauritius, bolstering its capacity to serve international clients.  The latest move is said to align with the firm’s ongoing expansion strategy and further enhance its position in key global markets. The Mauritius licence is the fifth…

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November 25, 2024 BY Sam Boughedda

CMC Markets Reaffirms Commitment to StrikeX Partnership

The company’s CEO, Lord Peter Cruddas, clarified recent reports about a write-off of the initial investment in StrikeX. Cruddas stressed that the write-off was merely an accounting decision and did not reflect a change in CMC Markets' belief in StrikeX's potential or their strategic partnership.  CMC said the change does not reflect our belief in…

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CMC markets
November 21, 2024 BY Sam Boughedda

CMC Markets Posts Pre-Tax Profit, Jump in Net Operating Income

The financial services firm reported a pre-tax profit of £49.6 million, a stark contrast to the £2 million loss recorded in the same period last year. The company said this was due to the combination of robust net operating income and disciplined cost management. Net operating income surged 45% to £177.4 million, which the company…

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November 21, 2024 BY Sam Boughedda

eToro Obtains New York License, Announces Launch

The company announced its launch in New York on Tuesday, making its services available to eligible investors in all 50 states. This development was confirmed by a tweet from the New York Stock Exchange (NYSE) on Wednesday, highlighting the importance of eToro's entry into the state.  “Major news from @eToro — the world’s largest social…

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Interactive Brokers
November 20, 2024 BY Sam Boughedda

Interactive Brokers Launches PEA Accounts in France

The accounts offer favourable tax exemptions, making them an attractive savings vehicle for eligible French individuals. Interactive Brokers explained in its press release that PEA accounts through Interactive Brokers enable French tax-resident clients to build portfolios while benefiting from a preferential tax structure and low costs. The broker's clients can choose from various French and…

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November 20, 2024 BY Sam Boughedda

Robinhood To Acquire TradePMR in $300 Million Deal

Online brokerage Robinhood Markets revealed Tuesday that it has entered into an agreement to acquire TradePMR, a custodial and portfolio management platform for Registered Investment Advisors (RIAs).  The deal, valued at approximately $300 million, is expected to close in the first half of 2025. TradePMR, with over 25 years of experience and $40 billion in…

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November 19, 2024 BY Sam Boughedda

Oanda and TradingView Extend Partnership

The partnership allows mutual clients to trade with OANDA directly from TradingView charts. OANDA said the “milestone completes OANDA's global integration with TradingView, the world's largest charting platform and trading social network for traders and investors.” The broker’s clients across a range of markets, including Taiwan, Thailand, Hong Kong, Malaysia, and more, can now access…

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