Shares of UK online brokerage leader IG Group Holdings plc (LON:IGG) traded up by 16.4% Tuesday, after the company reported robust financial results for Q4-2017, the second half of Fiscal 2017, and full year 2017. IG has a May 31 fiscal year end. IG shares, now at £6.46 per share, are at the highest level they have…
Read more
Continuing its string of warnings against unregulated brokers and other scams targeting retail traders in Canada, Canadian securities regulator the British Columbia Securities Commission (BCSC) has added to its Investment Caution List unregulated Chinese online broker Omega Mutual Group, operating from website omegamutualgroup.com. According to the BCSC, Omega Mutual Group claims to be based in…
Read more
UK online trading leader IG Group Holdings plc (LON:IGG) today announced results for the year ended 31 May 2017. Financial Summary Net trading revenue up 8% at £491.1 million (Net trading revenue is trading revenue after deducting introducing partner commissions. All references to ‘revenue’ in the Group Performance and Operating and Financial reviews are made with regards…
Read more
UK online trading leader IG Group Holdings plc (LON:IGG) announced that has signed up to the FX Global Code of Conduct. The Code is a set of global principles of good practice in the foreign exchange market. It was created by the Global Foreign Exchange Committee which is comprised of central banks and private sector…
Read more
Abu Dhabi based international financial services firm ADS Securities has continued to build its international management team, announcing today that it has hired Jason Hughes as Global Head of Retail Sales, for its FX and CFD brokerage business. Mr. Hughes will be based in Abu Dhabi. Jason Hughes joins ADS Securities from CMC Markets Plc (LON:CMCX), where…
Read more
FCA regulated retail forex and CFD broker INFINOX Capital Limited has announced that it has further raised the threshold of its clients’ insurance above the £50,000 compensation per customer provided by the Financial Services Compensation Scheme (FSCS), which is the fund of last resort for customers of UK authorised firms provided in case of a firm’s…
Read more
FCA regulated Forex and CFD broker Plus500 Ltd (LON:PLUS) has indicated that in accordance with the terms of its Share Buyback Programme announced on 2 June 2017, the Company acquired 22,000 ordinary shares of ILS 0.01 each in the capital of the Company ("Shares") on 13 July 2017 at a price of 598.54 pence per Share.…
Read more
Offshore retail forex broker CIBfx has announced a Brand Ambassador partnership with legendary footballer Ian Rush, OBE. Ian Rush is Liverpool FC’s all time leading goal scorer, having scored a total of 346 goals in all competitions during his two spells at the club. At international level he made 73 appearances for the Wales national team and…
Read more
Continuing what has been a fairly strong June in the Retail FX space, forex broker FXCM Group LLC has announced that its trading volumes rose by 5% during June, to $223 billion. On a daily average basis, volumes were up 9% in June. The rise in volumes at FXCM, and its continued membership in the…
Read more
GAIN Capital Holdings, Inc. (NYSE: GCAP) today reported certain operating metrics for the month of June 2017. OTC Trading Volume at GAIN's Forex.com Retail Segment was $241.8 billion - up 10.2% from May's $219.5 billion. This marks the second consecutive month of healthy, double digit percent volume increases at Forex.com, at a time when many…
Read more