Daily FX, a trading news and forex analysis website by IG Group appears to have been closed down by the Group. The website now redirects to IG Group’s official website.

Social Media Channels Rebranded

The platform’s social media channels have also been rebranded. The YouTube and X (formerly Twitter) accounts now feature Trade Live with IG branding. However, the Daily FX Facebook page has remained largely unchanged and inactive since early August.

According to a YouTube update, Trade Live with IG is a morning show that will air from 7:30 am to 10:00 am UK time on weekdays. IG Group acquired Daily FX from FXCM in 2016.

The transition to Trade Live with IG is reportedly part of IG Group's broader effort to leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term media as a strategic asset, similar to its successful model with the US-based options broker tastytrade, which IG acquired in 2021. Finance Magnates contacted the group for comments about the new changes and will update this article once we get feedback from them.

IG Group's Business Expansion

In 2021, IG Group completed the acquisition of Tastytrade, a US-based online broker and trading education platform. The deal was finalized after the company obtained regulatory and anti-trust approval to proceed with the acquisition.

According to the announcement, the total consideration encompassed $300 million in cash and the issuance of 61 million new ordinary shares in IG Group to Tastytrade shareholders. The group mentioned that it aims to take advantage of the growing retail market in the US with this acquisition.

Subsequently in June, IG US, a forex broker rebranded its brokerage and platform technology to tastyfx. This initiative aimed to offer a better experience for the firm’s US-based users and to closely integrate FX trading.

Despite the rebranding, the platform remains largely the same. The company mentioned that it will continue to enhance the platform by offering better forex trading technology. The rebranding to tastyfx sought to create a forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term-focused brand specifically for US clients.

Elsewhere, IG Group commenced a £75 million share repurchase program this month. The firm engaged Morgan Stanley to implement the initial phase of the buyback. This move followed IG Group’s intention to repurchase up to £150 million shares.