Playtech
September 18, 2020 BY Steffy Bogdanova

TradeTech delivers significant performance for H1 with €87.3 million in revenue

Adjusted EBITDA for TradeTech was €52.8 million, registering a 544% increase (H1 2019: €8.2 million) Playtech continues assessing its option for TradeTech. The company announced in August it was in in early stage discussions regarding a potential sale of the financial unit. The company shared that for next half of the year TradeTech’s exceptional performance…

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Equiti obtains licenses in theSeychelles
September 17, 2020 BY Steffy Bogdanova

Equiti Group secures new FSA Seychelles license

The new FSA license is one of the achievements for Equiti Group in 2020 which include partnerships with technology providers YourBourse, FXCubic and Gold-i to expand its liquidity distribution. In June 2020, EGM Securities, subsidiary of Equiti Group signed its first partnership agreement with Kenya-based investment bank Genghis Capital allowing the investment bank to extend its…

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Acquisition
September 17, 2020 BY Steffy Bogdanova

Cornerstone completes acquisition of FXPress Payment Services

Securing the FCA consent also gives Cornerstone’s clients assurance that they continue to deal with a UK regulated entity that will be able to meet their payment needs of the future. The re-registration of the Company as a public limited company and the change of its name to Cornerstone FS plc are pending approval during…

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CFTC
September 17, 2020 BY Steffy Bogdanova

CFTC charges ten people in a $4.75 million forex Ponzi scheme

According to the US watchdog, from February 2013 to present, the defendants accepted $4.75 million from more than 150 victims. Avinash Singh falsely claimed to be a successful commodities trader in order to solicit potential victims to participate in Highrise. Cologero, Hemraj Singh and Rosseau also misrepresented the profits the commodity pool had generated and…

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eToro expands football investment with twelve new sponsorships in UK and Germany
September 17, 2020 BY Steffy Bogdanova

eToro adds twelve new football sponsorships in UK and Germany

Dylan Holman, Global Sponsorship, Senior Manager at eToro commented: As a leading investment platform with over fourteen million users, we believe sponsorships are a powerful tool that help build and reinforce eToro as a world class brand. We will be working with clubs to make the financial markets more accessible than ever, using our partnerships…

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Plus500
September 17, 2020 BY Steffy Bogdanova

Plus500 appoints Anne Grim to the Board as a Non-Executive director

However, “Resolution 17” for a bonus for the Group’s CFO Elad Even-Chen was withdrawn. Even-Chen was considered for a significant cash payment reward for ensuring "a significantly reduced Corporation Tax liability" and saving the company more than $100 million. The bonus proposal faced opposition from some of shareholders and Institutional Shareholder Services had recommended that the…

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FCA warning
September 16, 2020 BY Steffy Bogdanova

ukbondsprovider, Firstclass Bonds and others added to FCA's warning list

ukbondsprovider.com Address: 55 Basinghall St, London EC2V 5NB, UK Website: http://ukbondsprovider.com/ Firstclass Bonds Address: 1 Canada Square, London, E14 5AB Telephone: 020 8126 0796 Website: http://firstclass-bonds.com/ smartinvestmentsearch.com Address: 71-75 Shelton Street, Covent Garden, London WC2H 9JQ Telephone: 02036270956 Website: https://www.smartinvestmentsearch.com/ Pension Cash Solutions Address: Castle Hill House, 12 Castle, Windsor, SL4 1PD Telephone: 01753336385 Email:…

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Plus500
September 16, 2020 BY Steffy Bogdanova

Plus500 keeps its performance momentum in H2 but may face shareholder disapproval of CFO bonus

All of these factors have contributed to the platform usage remaining at elevated levels and customer deposits remaining robust. The trading platform is well positioned to deliver sustainable future growth due to its proprietary technology, its flexible and scalable business model, its strong financial position and a track record of delivery against key performance metrics.…

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Forex trading has never been easy in the States
September 16, 2020 BY Steffy Bogdanova

Forex trading has never been easy in the States

Limitation on Leverage You probably know by now the part that leverage plays in online Forex trading. Offered by Forex brokers as borrowed funds, leverage allows traders to access more money, giving them power to trade in larger volumes. Many brokers provide leverage as high as 1:1000 to attract more clients. With such leverage, a…

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