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Retail FX

IG Group's American Arm Joins FIA, Expands Its Global Trading Network

  • IG entered the US market in 2021 through the $1 Billion acquisition of tastyworks.
  • The group's revenue from its US operations surged 47% to £191.3M in FY23.
Wednesday, 30/08/2023 | 21:59 GMT by Solomon Oladipupo
Retail FX

Gamifying Trading: Robinhood Loses against Massachusetts Regulator

  • A lower court had ruled in favour of Robinhood in March 2022.
  • In December 2020, the Massachusetts regulator sought to revoke Robinhood's license.
Friday, 25/08/2023 | 15:25 GMT by Solomon Oladipupo
Institutional FX

IG Group's CFO Temporarily Becomes the CEO

  • The group's CEO June Felix is going on medical leave.
  • IG will release the financial results for the fiscal year 2023 on July 20.
Monday, 03/07/2023 | 08:50 GMT by Jared Kirui
Retail FX

Saxo Bank’s FX Volume Springs 27% to $130.5B in May

  • However, the new volume stands below March's figure of $155.5 billion.
  • Overall, trading volume strengthened 28% to $407 billion.
Wednesday, 07/06/2023 | 14:32 GMT by Solomon Oladipupo
Retail FX

Robinhood’s Q1 Loss Plunges over 200% despite Growth in Revenue

  • Net loss came in at $511M, beating $441M quarterly revenue.
  • Robinhood eyes UK launch, to float 24-hour market next week.
Wednesday, 10/05/2023 | 22:28 GMT by Solomon Oladipupo
Retail FX

UK Court Closes Down Genesis11, Says Online Broker Is Unregulated

  • At least seven investors lost £263,000.
  • The Official Receiver of the Public Interest Unit has been appointed as the liquidator.
Monday, 18/07/2022 | 14:35 GMT by Solomon Oladipupo
Retail FX

Online Retail Forex: Where Does Africa Stand?

  • Young people are the heart of Africa’s emerging online retail FX industry.
  • However, weak regulations and illiteracy are stumbling blocks.
Thursday, 12/05/2022 | 16:37 GMT by Solomon Oladipupo
FinTech

Skilling Raises €10 Million in Seed Funding Round

  • Skilling has netted fresh capital of €10 million.
  • The online trading platform aims to accelerate its business expansion.
Monday, 17/01/2022 | 20:16 GMT by Nicholas Otieno
FinTech

Italian Financial Regulator Bans Five Websites Offering Financial Services

  • Consob orders a blacklist of five additional internet service providers.
  • The online platforms offer illegal financial services in Italy.
Monday, 17/01/2022 | 15:35 GMT by Nicholas Otieno
Analysis

The e-Brokerage Arms Race and the Dash for Cash Product Connectivity

  • The opportunities and challenges online brokers now face.
Saturday, 02/10/2021 | 07:50 GMT by Finance Magnates Staff
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