Beginning January 3, 2025, the company said the enhancement aims to provide broader trading opportunities for traders. The Tradingcup platform, launched in early 2024, has quickly gained traction, with 3,321 total signals, $53.2 million in invested funds, and $176,100 in performance fees paid out. There has also been $13,200 in total subscription fees. With the…
Read more
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…
Read more
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…
Read more
The company revealed the news in a post on social publishing platform Medium. They said the Series D-2 round was led by Accel, a longstanding partner that has led or co-led every Public.com funding round since it launched in 2019. Initially known as a "social stock trading app," Public said it has now evolved into…
Read more
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…
Read more
In his new position, Phil will be responsible for achieving ACY Connect's sales growth objectives by cultivating new institutional client relationships throughout the region. His focus will include researching, identifying, and creating sales opportunities in the global market. Phil will report directly to the CEO and collaborate closely with all facets of ACY Connect to…
Read more
The move is designed to free up capital for increased investment in its affluent franchise, a key growth driver for the bank. The bank announced it is exploring the potential sale of its WRB businesses in Botswana, Uganda, and Zambia. The strategic decision aligns with its broader goal of accelerating income growth and returns, as outlined…
Read more
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…
Read more
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…
Read more
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…
Read more