In a tweet, European Financial Services Commissioner Mairead McGuinness said the vote was “a world first” and that the new regulation can come into effect in July after approval from all member states. Some of the rules will take effect in time with some set for 2024. She stated: I welcome the European Parliament’s vote…
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Over the last year, the London-headquartered Group, continued to grow its team and expanded its global footprint in Dubai. Furthermore, GCEX launched XplorDigital trading solutions, introduced 24/7 FX trading, and continued the expansion of its product offering. Additionally, GCEX offers more than 40 crypto products to its institutional and professional clients, available as spot or…
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EUR/USD Technical View: The technical outlook for the EUR/USD is optimistic on the weekly chart, finding some comfort north of support at $1.0888. Technically speaking, the currency pair is in the early phase of an uptrend on the weekly after pencilling in a higher high at $1.1076 last week, which opens the gate for a…
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The financial services platforms offer high-risk investment instruments such as forex instruments and contracts for differences(CFDs). SolidXM, in particular, is suspected of being a scam, as there is no information available about the company behind the platform on its website. Pelliron claims to be registered in Saint Vincent and the Grenadines but provides a UK…
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Nicky Maan, Spectrum Markets CEO, said: We’ve had a very successful start to 2023, achieving another strong quarter of growth, and building on the foundations of our robust and innovative pan-European trading ecosystem to further enhance connectivity and expand our partner network. According to the numbers, the total value of order book turnover exceeded €1 billion…
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At the Signal Centre, a team of professionals employs advanced filtering functionalities to create trading ideas, which are made available for users. The trading ideas are fully transparent and continually monitored for performance to provide feedback for new ideas. Additionally, the Market Sentiment Hub is an AI-based tool that traders can use to rank each…
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ThinkMarkets further highlighted that the new entity is regulated by the New Zealand Financial Markets Authority (FMA). The company’s clients in the region can trader more than 4,000 financial instruments on the ThinkTrader platform, which is available on mobile, web and desktop. Nauman Anees, CEO and co-founder of ThinkMarkets, commented: We are delighted to expand…
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Prior to this, Canete has also worked for other trading services providers. Before Swissquote in 2013, he worked briefly worked for Saxo Bank at the firm’s client trading services team, providing market analysis for Spanish media and trading support for institutional partners. While there, he also provided dealer services for CFDs, forex, futures, exchange-traded funds…
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The Israeli-based broker reported EBITDA of $100.9 million for the period, registering a 116% million from Q4’s $46.7 million. Compared to the first quarter of last year, however, the figure dropped 37.6%. Customer activity During the first quarter of 2023, the London-listed company onboarded 28,201 new customers. This 16.4% lower than the 33,740 accounts added…
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Revenue generated from commission was only 2% higher, reaching $357 million. The revenue earned from commissions rose only by 2% and amounted to $357 million. This was due to a surge in contract volumes in futures, coupled with higher average trade sizes in both options and futures. However, the increase was offset by reduced trading…
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