The broker has also sponsored the Australian Open and the Sydney Swans AFL team. Raul Aguirre, CEO of Bahia SAF, commented: We are thrilled about for our new partnership with Axi. With over 15 years of expertise as a Forex and CFD broker, Axi has proven itself a proven track record across for its innovation…
Read more
Marc Despallieres, Chief Strategy & Trading Officer, Vantage, said: We are thrilled to receive our FSCA license. We have had our sights on South Africa for some time, and we were determined to be able to provide traders with exceptional financial services and products while operating in compliance with the highest regulatory standards. The new…
Read more
BGC Partners' profitability during the previous quarter was higher due to increased revenues and record quarterly productivity. Specifically, the brokerage company's pre-tax and post-tax adjusted earnings rose by 10.2% and 12.1%, respectively. Moreover, its earnings before interest, taxes, depreciation, and amortization also increased by 7% when compared to the same period in the previous year.…
Read more
Michael Walker, Managing Director at BlackBull Market said: With BlackBull Trade we are going to offer our clients a new level of user experience, which they can hardly find with any other broker. Jon Light, Devexperts Director of the OTC Platform, added: Our trading platform can serve clients all over the world, it is in…
Read more
EUR/USD Technical View The EUR/USD aggressively explored lower levels following the rate announcement. Leaving the underside of $1.11 unchallenged, downside pressure led H1 price action into a floor of bids around the $1.10 psychological figure. I am sure most would agree that the H1 chart is a bit of a mess; although we are rebounding…
Read more
CFI Financial has recently undertaken strategic expansion initiatives, including the complete acquisition of the Egyptian brokerage firm El Mahrousa, which has since been rebranded as CFI. Furthermore, the company has introduced a new trading app and is devoted to developing innovative products and tools that can improve the trading experience for its clients. The broker…
Read more
In the first quarter of the year, net income came in at $41.7 million during the first quarter, registering a 35% drop compared to Q2 FY23. The number was also 45.6% lower than the previous quarter. StoneX’s ROE also decreased to 13.8% in Q2 FY23. The diluted earnings per share (EPS) fell 37% during the…
Read more
Operating income for Q1 reached $384 million, registering a 36% increase compared to the second fourth quarter of last year. Charles Meyers, President and CEO, : We had a strong start to the year, delivering nearly $2 billion of revenue for the quarter, as our outlook remains positive with the overall demand for digital transformation…
Read more
The average daily volume (ADV) in forex instruments stood at $5.1 billion. The figure dropped 25% on monthly basis and 10.5% on yearly. The brokerage firm reported that demand in Equities also registered fell. The volume in April was $174.7 billion, 32.8% lower compared to March. However, on yearly basis, the asset class rose 3.3%.…
Read more
However, the launch of the platform comes as US regulators tighten their grip on digital asset firms. Last month, Coinbase filed a lawsuit against the Securities and Exchange Commission (SEC) for not providing guidance on the cryptocurrency industry using its formal rulemaking process. This was followed by the SEC sending a Wells notice to Coinbase,…
Read more