Category: Brokers

VT Markets relounches their mobile app
August 03, 2022 BY Steffy Bogdanova

VT Markets relaunches trading app

New features The official press release shared with LeapRate, highlighted a new feature called “Big Movers”. The new addition alerts clients on major market shifts, economic news highlights and trading opportunities in the previous 24 hours. VT Markets also noted the new “Learn” feature which provides educational content to continuously expand their trading knowledge and…

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Dukascopy bank
August 02, 2022 BY Steffy Bogdanova

Dukascopy adds 405 new stock CFDs

The latest addition brings the total number of stocks and ETFs to 1046. Additionally, Dukascopy said that it is regularly expanding its list of trading instruments as per customer's requests. The announcement follows, Dukascopoy’s report of its 195% YoY increase in its net profit for the first half of 2022.

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FXSpotStream
August 01, 2022 BY Steffy Bogdanova

FXSpotStream posts $64 billion ADV in July

Additionally, the ADV was 33.7% higher compared to the same period during the previous year. In July, FXSpotStream’s overall volume stood at $1.35 trillion. The numbers were 27.6% up from the $1.29 trillion, recorded in June 2022. The firm highlighted that this is the seventh month in a row to bring overall trading volume surpassing…

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Dukascopy bank
July 29, 2022 BY Steffy Bogdanova

Dukascopy sees profit surge of 195% in H1 2022

According to the official announcement, net profit stood at CHF 3.77 million between January and June, jumping 195% compared to CHF 1.28 million H1 2021. Dukascopoy reported strong H1 2022 results after its H1 2021 profit declined to CHF 1.3 million. Earlier in May, the firm was granted authorization from Swiss regulator FINMA to offer…

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XTB
July 27, 2022 BY Steffy Bogdanova

XTB sees a surge of net profit of 638%

According to the financial results, the numbers of active clients on the platform surged 42.7%YoY to 149,824 in H1 2022. However, new clients dropped to 101,030, a decline of 6.3% YoY. XTB Management commented: The ambition of the Management Board in 2022 is to acquire, on average, at least 40 thousand new clients quarterly. As…

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July 26, 2022 BY Steffy Bogdanova

Hirose UK reports 50% decline in revenues in FY22

The filing stated: The Company operates in a very competitive market, and also regulatory environments including the new  leverage  and  negative balance  regulations which suggest that the management will need to make every effort to comply with higher standards of regulatory requirements as well as continue to seek more efficient and effective marketing campaigns in…

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IG Group launches a Share Buyback programme
July 21, 2022 BY Steffy Bogdanova

IG Group announces a £150 million share buyback programme

The electronic trading platform currently plans to launch another trench of up to £75 million during the financial year 2023. IG noted that it expects to complete the share buyback programme during the FY23. The company explained that its goal is to reduce share capital. June Felix, Chief Executive Officer, commented: Our new Capital Allocation…

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Robinhood
July 21, 2022 BY Steffy Bogdanova

Robinhood announces options trading for cash account holders

The American broker offering commission-free services noted that all eligible customers will now have access to options trading once reviewed. The company said: Options trading entails significant risk and is not appropriate for all customers, which is why all interested customers must apply for options access and have their account reviewed to determine if they…

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IG Group
July 21, 2022 BY Steffy Bogdanova

IG Group sees 16% increase in revenue in FY22

June Felix, Chief Executive Officer, commented: This year's record results show how we have achieved consistent, strong financial performance while we continue our journey to become a more diversified, innovative, global fintech. Our forward-looking strategy has positioned us well to capitalise on a significantly larger total addressable market and to take advantage of the ongoing…

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Interactive Brokers
July 20, 2022 BY Steffy Bogdanova

Interactive Brokers sees 13% revenue drop in Q2 2022

Between April and June, pre-tax income came in at $392 million, with the adjusted figure at $453 million. These numbers were down from the figures of the second quarter the previous year – $451 million and $437 million, respectively. Pre-tax profit margin fell to 60%, compared to Q2 2021 when it was 72%. The adjusted…

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