FXtradeweb, an Estonian based Forex broker operating in the Nordic country since its launch two years ago has branched out with an office in London and has stated it is operating under FCA authorization and registration. The company officially announced this news today with the following: FXtradeweb (fxtradeweb.com) is now operating under FCA UK regulation, the standards enforced…
Read moreShares in Plus500 Ltd (LON:PLUS) keep attracting investors' attention, especially after the publication of stellar results for the fourth quarter and full year 2014. Another piece of evidence in this respect was apparent today, as JPMorgan Chase & Co. (NYSE:JPM) took its stake in the CFD broker above 5% again. The latest transaction raised the…
Read moreThis product is totally new to the UK and no other broking entity outside of the UK is able to provide such extensive protection for such a broad spectrum of trading activity.
Read moreIG Group CEO Tim Howkins and CFO Chris Hill probe specific factors relating to the company's Q3 results, and emphasize importance of mobile trading Following today's announcement of corporate results for the third quarter of its financial year, IG Group CEO Tim Howkins, along with CFO Chris Hill and Head of Investor Relations Kieran McKinney…
Read moreFX Options and derivatives trader Robin Clark was shot in the leg on his way to the office in January this year. Police have now arrested 51 year old Lee Victory in connection with the incident One and a half months have passed since Robin Clark, a professional trader at London's RP Martin, majoring on…
Read moreCMC fiscal 2013 results show a 21% drop in revenue, as the scandal revolving around CEO Peter Cruddas took its toll. Leading UK online broker CMC Markets has released its fiscal 2013 results (year-end March 31), alongside some interesting comments and admissions made by CMC Founder and CEO Peter Cruddas. Cruddas re-took the reigns as…
Read moreLCG's first half saw a 7% drop in revenues, at a time when other UK online trading brokers saw a nice rise in business. Quick follow-up to our story last week detailing London Capital Group's first half financials.... LCG shares have continued to drift downward in the past few days, completing a 17% drop in…
Read moreIn its first financial report since its IPO in July, Plus500 sees its shares barely react, trading up 0.6%. CFD broker Plus500 has reported its first financial results as a public company, and they were (in our view) quite impressive. Virtually everything at Plus500 -- Revenues, EBITDA, Net Income, Revenue-per-Client (ARPU) -- showed a large…
Read moreLCG revenues were actually down from last year, at a time when industry revenues were up nicely. UK spreadbetting and CFDs broker London Capital Group (or "LCG"), which operates the Capital Spreads and ProSpreads brands, announced disappointing first half 2013 results, which sent its stock (LSE:LCG) tumbling by more than 10% on Thursday. LCG's revenues…
Read moreIG sees strong performance globally, but especially out of Japan FX trading. IG Group, the UK's leading financial spreadbetting company, announced that in its Q4-2013 (for the quarter ended May 31, 2013 -- IG has a May year-end) revenues and activity were up nicely in double-digit percent across virtually all of its major regions. In…
Read more