The UK subsidiary of Australian retail CFD broker Axi revealed in its recently published annual financial statements that it also saw net profit rise 89.5% to $3.92 million, despite a decline in client money balances to $19.3 million from $21.3 million.  Operating profit grew to $3.45 million, while the cost of sales nearly doubled to…

However, trading activity declined 4% from February, according to the latest brokerage performance report. Client accounts rose 32% from the previous year to 3.62 million, with 87,700 new accounts added in March.  However, the brokerage said 13,300 accounts were escheated to governmental authorities as required by law. Client equity stood at $573.5 billion, up 23%…

The company said CFI Prime provides access to deep liquidity pools sourced from Tier-1 banks and top Prime-of-Prime brokers.  The platform is also expected to deliver a broad range of asset classes through a single connection, while its low-latency hubs ensure fast execution. “CFI Prime marks a significant milestone, enabling us to provide sophisticated services…