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Forex brokers
Europe's Economic Crossroads: Recession Fears and S&P Global's
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Hantec Markets Launches New Affiliate Programme with CellXpert
Thought Leadership
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7 Things We Wish Someone Had Told Us Before We Started Trading
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Executives
New Broker RaiseFX Hires INFINOX’s Dany Mawas as CCO
2023-05-05T14:51:18.007+02:00
Mawas left INFINOX after two years and five months.
RaiseFX has established its presence in several African countries.
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Retail FX
CFI Financial Sees Record Growth in Volume, New Accounts in Q1
2023-05-04T15:21:40.177+02:00
Volume and new accounts grew 57% and 147% YoY, respectively.
CFI plans to expand into new markets this year.
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Retail FX
Saxo Bank’s FX Volume Down to Lowest since Dec 2021
2023-05-03T17:51:07.700+02:00
The brokerage's FX volume declined 34% to $102.8 billion in April.
Additionally, institutional spot FX volumes declined across major regions last month.
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Executives
Hantec Markets to Launch Institutional Arm, Hires Institutional Sales Head
2023-05-02T15:09:35.414+02:00
Lee Holmes joins Hantec from INFINOX and was a director at ATFX, Zenfinex and ForexVox.
He brings over 12 years of FX and derivatives markets experience to the role.
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Retail FX
Interactive Brokers’ DARTs Decreases 14% to 1.8M in April 2023
2023-05-01T21:00:57.444+02:00
The American online broker's client accounts increased slightly 1% to 2.22M.
It generated an average commission of $3.18 per cleared commissionable orders.
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Retail FX
Tastytrade, LiteFinance Launch New Features
2023-05-01T19:07:22.971+02:00
Tastytrade says its API empowers customers to build software applications.
LiteFinance's new mobile app for iOS offers several features to users.
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Admirals Strengthens African Presence with New Offices in Nigeria
2023-05-01T17:10:21.097+02:00
The brokerage received a license in South Africa and Kenya last year.
Admirals posted a record year in 2022 with €69M in revenue.
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Retail FX
CySEC Withdraws CIF License of FX/CFDs Broker, Trilt
2023-04-28T18:59:13.084+02:00
Trilt received its license from the Cypriot watchdog in October 2014.
CySEC has announced at least 5 CIF license withdrawals since January.
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Retail FX
Swiss Broker Dukascopy’s Profit Surges 200% to Second-Highest in History
2023-04-27T20:16:29.037+02:00
The brokerage and retail bank's net profit hit CHF 6.4M in 2022.
Dukascopy attributes record to conservative asset allocation and liquidity mgt.
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Retail FX
XTB Breaks Another Profit Record in Q1 2023, Acquires over 100,000 Clients
2023-04-26T19:20:14.891+02:00
Broker's client base rose 46.1% in a year to 703,900.
After a weaker Q4, the last quarter brought all-time high numbers.
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Retail FX
FCA Finds “Gaps in Surveillance” among UK CFDs Providers
2023-04-26T18:41:14.828+02:00
The FCA found weak surveillance of market manipulation and abuse of non-equity asset classes.
However, most of the regulator's findings 'were largely positive'.
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Retail FX
Spanish Regulator Flags ‘Pepper Stone’, ‘PRIMUS FX’, 7 Other Websites
2023-04-24T22:01:42.214+02:00
The websites are clones of Pepperstone and FXPrimus.
CySEC also flagged down eight illegal FX/CFDs platforms on Monday.
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Retail FX
Jordan FA Cup to Be Renamed as CFI Partners Football Association
2023-04-20T15:56:51.205+02:00
CFI will sponsor all major leagues under the JFA.
The brokerage sponsored the recent Mubadala World Tennis Championship.
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Executives
Ex OvalX Seniors Move to BidX Markets, Trade Nation and Alvar
2023-04-19T22:39:23.388+02:00
OvalX ceased operations on March 17, 2023, after selling assets to Capital.com.
Last week, Mark Foulds moved to Alvar Financial after over 20 years at OvalX.
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ThinkMarkets Bolsters APAC Foothold with New Zealand License
2023-04-19T20:39:43.417+02:00
The broker launched in Japan in March 2022.
ThinkMarkets secured $30M early last year to boost its expansion.
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NAGA Seeks to Raise $8.2M in Convertible Bond
2023-04-17T15:09:45.343+02:00
Upon full conversion, the bonds will raise NAGA's current share capital by 7.7%.
NAGA Group "incurred significant losses last year."
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Retail FX
Exclusive: Retail FX Broker TradedWell Shuts Down Website
2023-04-14T16:23:28.360+02:00
The brokerage, which started running in 2020, closed its website on January 27, 2023.
TradedWell is the third CySEC broker to have encountered problems in the last 3 months.
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Tradier Gets $24.6M to Address “Graduation Effect” among Retail Traders
2023-04-13T17:06:09.398+02:00
The retail broker plans to introduce a "market-first platform and content hub."
Tradier says it saw a record performance last year.
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CySEC Slams €1M Fine on Itrade Global for Multiple Violations in Spain
2023-04-13T15:07:50.524+02:00
The alleged violations were committed by its tied agent in Spain.
Some of them include dishonest practices and failure to prevent conflict of interest.
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Institutional FX
US Firm Wedbush Expands into FX Prime Brokerage, Taps Jefferies Execs
2023-04-12T17:05:09.854+02:00
The new unit is part of Wedbush Securities' FICCS division.
The FX prime brokerage team is being led by Michael Stone, ex-Jefferies Bache VP.
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Retail FX
MahiMarkets’ Product Aims at ‘Full Autonomy’ over CFD Pricing for Brokers
2023-04-04T21:56:50.869+02:00
The enhanced product offers features, such as liquidity reduction and tight spread.
Eurotrader tapped MahiMarkets in December 2022 for better pricing and risk management.
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Executives
IG Group Hires NatWest Group’s Adam Wheelwright as CTO
2023-04-04T15:00:18.352+02:00
Wheelwright has previously worked with UKHSA, Nomura, Dresdner Kleinwort and UBS.
The executive's appointment comes a day after IG Group agreed to acquire Small Exchange.
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DDoS Attacks on FX Brokers Spike; Cyprus Heavily Targeted
2023-03-30T17:53:25.146+02:00
The Attackers Disrupt the Operation of Platforms and Demand Ransom
Though Most Solutions are Expensive, There are Some Ways to Protect Your Business
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Pepperstone UK’s Profit Surges 128% to £4.6M in 2022
2023-03-24T20:29:20.607+02:00
The broker's revenue increased 36% to £10.7 million.
However, Pepperstone UK's profit and revenue fail to break above the 2020 output.
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Executives
Equiti Group Promotes Ahmad Qutaishat to Sales Vice President
2023-03-22T16:37:28.868+02:00
Qutaishat brings about a decade of experience to the role.
The executive joined Equiti Group in October 2018 as Client Support Officer.
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