The positive outcome contrasts with earlier projections, as Plus500 initially anticipated ending the year with revenue and EBITDA in line with market expectations, set at $645 million and $300 million, respectively. The brokerage emphasised the resilience of its balance sheet, noting its robust nature, with cash balances reaching approximately $900 million at the close of…
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The Investment Plans feature pre-made portfolios, allowing investors to easily access ETFs with allocations automatically managed based on their risk preferences. With plans starting at just $15, investors can combine up to 9 ETFs covering a diverse range of assets and geographies. This product is particularly tailored for individuals seeking passive investment options without the…
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The surge in forex trading slightly elevated Saxo's total monthly trading volume to $369.5 billion, a 1.8% increase. However, this decreased by 11.1% compared to December of the previous year. Saxo Bank, headquartered in Denmark, provides various trading services, including equities, commodities, and fixed income. Despite the uptick in forex, trading volumes across these other…
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This integration allows brokers on DXtrade to leverage TradingView's extensive user base for increased visibility and direct user sign-ups. DXtrade's backend will be directly connected to the TradingView platform, simplifying the incorporation of TradingView's features for brokers who license DXtrade. This synergy centralises essential operations like order execution, risk management, and commission tracking within DXtrade,…
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With these advancements, CFI aims to transform the landscape of online trading by introducing new, innovative tools and approaches. These developments address traders' most pressing challenges, including managing risk, controlling emotional decision-making, simplifying access to critical trading information, and enhancing automation in trading activities. The AI Assistant is envisaged as a vital ally to traders,…
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This alliance is set to strengthen regulated FX flows and improve the functionalities of FlexFX within FlexTrade's buy-side multi-asset trading platform. FXall, a part of LSEG, offers trading and FX workflow solutions, allowing access to liquidity from over 200 bank and non-bank market makers. Its global licensing and dedicated compliance teams position it as a…
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Copilot, an AI-powered conversational assistant, helps eToro’s customer service agents quickly compose and translate emails, leading to faster response times and clearer communication. This tool enables agents to efficiently address complex customer queries, thus elevating the overall quality of service. Einstein GPT, another innovative AI tool from Salesforce, automates real-time chat responses. As the first…
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Integrating Onfido's advanced AI-driven identity verification technology is set to bolster security, reduce fraud, accelerate the onboarding process, and ensure adherence to diverse regulatory standards. With Onfido's sophisticated document and biometric verification solutions, Admirals will be able to authenticate user identities more effectively and identify fraudulent activities during the onboarding phase. This enhancement is expected…
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The fusion involves a reverse merger, where Capex.com merges into NAGA Group AG via a non-cash equity increase. Furthermore, Patrascu has committed to investing $9 million in NAGA through a convertible bond. This strategic step aims to form a robust fintech organisation, leveraging both entities' combined strengths and customer bases. NAGA and Capex.com, together, serve…
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A key prediction for 2024 is expanding brokers’ services beyond just access to the US market. Brokers will likely offer global stock and ETF trading and diversify into various asset classes. This shift is partly a response to declining broker revenues due to the push for zero commissions during the pandemic and increasing operational expenses.…
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