Cypriot Forex broker XM.com today announces a partnership with Saudi Arabia's Al-Nassr FC. The broker has become an official sponsor of Al-Nassr FC, which is currently the third most successful football club by performance in Saudi Arabia. The Al-Nassr FC sponsorship is the first major venture in the Persian Gulf and therefore a significant milestone…
Read moreRetail Forex broker Exness is leading a market breakthrough with the launch of a special Unlimited Leverage offer. An exclusive service from Exness, Unlimited Leverage provides traders with the opportunity to trade with negligible margin, to open more positions and bigger lots, and to use a vast range of trading strategies. Exness CEO Petr Valov had the…
Read moreThe Financial Services and Markets Authority (FSMA) of Belgium today published a warning against two firms engaged in the so-called “recovery room” fraud. The warning from the Belgian watchdog targets supposed law firms Cole & Rushton LLC and Ernst & Taylor LLP, which are offering to help victims of investment fraud recover the money they…
Read moreGlobal investment bank JPMorgan Chase & Co. (NYSE:JPM) has made filings to the London Stock Exchange indicating that it has increased its stake in retail Forex and CFD broker Plus500 Ltd (LON:PLUS) to 9.0%, up from 7.5% previously. JPMorgan now holds directly 10,330,061 Plus500 shares, worth £67.8 million (USD $96 million). Plus500 shares have been on a…
Read moreProvider of payment solutions Paysafe Group Plc (LON:PAYS), which earlier this week joined the FTSE 250 index, has partnered with provider of prepaid payment technology and solutions Emerchants Ltd (ASX:EML) to deliver white-labelled pay-out card solutions to gaming operators in Europe. Emerchants, which has gaming operators such as Ladbrokes, William Hill and Sportsbet amid its…
Read morePlaytech PLC (LON:PTEC) has just published a filing with the London Stock Exchange, stating that it will no longer be releasing Q1 or Q3 trading updates. The move is in tune with market practice for companies with a Premium Listing on the London Stock Exchange to move away from Interim Management Statements. The change, the…
Read moreAbout 460,000 investors use the services of Forex brokers in Russia, with cumulative average trading volumes per month around $330 billion, according to the Interfax annual study of the Russian Forex market for 2015. The total size of deposits reached meager $0.5 billion. The amount of FX transactions fell 5% from 2014 levels, with the…
Read moreShares of online spreadbetting and financial trading firm IG Group Holdings plc (LON:IGG) rose 6% Tuesday after the company announced stellar summary results for its fiscal third quarter (IG has a May 31 year end). Revenues at IG came in at £122 million for the quarter ended Feb 29, handily beating the company's previous best of…
Read morePaddy Power Betfair plc today announces that Chief Operating Officer, Andy McCue, will leave the Paddy Power Betfair Group and will cease to be a Director on April 30, 2016. The announcement on the management change follows the completion of the merger of Paddy Power and Betfair in February this year. Mr McCue was CEO of…
Read moreCySEC-regulated Forex and CFD broker FXTM (ForexTime) has just announced the launch of a new account type – Shares Account. As the name suggests, the new account type is specifically designed for traders that trade CFDs on shares. Importantly, the broker notes, trading CFDs on shares will be possible only through these new accounts. Existing…
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