Category: Brokers

Saxo Bank
July 06, 2023 BY Steffy Bogdanova

Saxo Bank reports 8% drop in FX volume in June

The average daily volume (ADV) in forex instruments stood at $5.4 billion. The figure dropped 5.3% on monthly basis and 21.7% on yearly. However, the brokerage firm reported that demand in Equities registered a rise. The volume in June was $233.5 billion, 2.3% higher compared to May. O yearly basis, the asset jumped 21.6%. Fixed…

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Acquisition
July 06, 2023 BY Steffy Bogdanova

CAPEX.com expands in Greek market with acquisition of WiredMarket.com

CAPEX.com highlighted in the official announcement that the newly announced acquisition will strengthen its position in the market and support its growth and expansion plans in the online fintech industry. Patrascu added: We see consolidation in the market as a positive development, and the current macroeconomic conditions and competitive landscape are favorable for such consolidation.…

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July 05, 2023 BY Steffy Bogdanova

ATFX acquires Rakuten Securities Australia

Joe Li, Chairman of ATFX, commented: We are thrilled to welcome RSA into the ATFX family. This acquisition presents a significant opportunity for us to expand our presence in the Australian market and provide clients in the region with enhanced trading solutions. We are committed to investing in technology, talent, and resources to ensure that…

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Interactive Brokers
July 04, 2023 BY Steffy Bogdanova

Interactive Brokers sees 5% increase in DARTs in June

The broker ended the month with client credit balance of $98.9 billion, including $3.2 billion in insured bank deposit sweeps. The client credit balance came in 7% higher than in June 2022 and about the same as the prior month. Client accounts on the platform increased 19% YoY and 1% MoM to 2.29 million in…

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FXSpotStream
July 04, 2023 BY Steffy Bogdanova

FXSpotStream sees trading volume of $1.39 trillion in June

FXSpotStream’s volumes saw an uptick in the first three months of 2023, and only fell in April. On yearly basis, however, last month’s ADV dropped 1.3% compared to June 2022. Last month, FXSpotStream’s overall volume stood at $1.39 trillion. The numbers rose 8.6% from the $1.28 trillion, recorded in May 2023. The broker has seen…

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June 29, 2023 BY Steffy Bogdanova

Forex4you adds new trading instruments and anniversary promotions

Communication on Telegram The company also announced the launch of its new official Telegram channel - official_Forex4you. Members of the channel will receive real-time updates on market insights, company announcements, and exclusive promotions, all delivered to a mobile device. Transparency and competitiveness Forex4you further detailed that as the company grows and expands, it remains committed…

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June 23, 2023 BY Steffy Bogdanova

Forex4you introduces new partner program and account types

Other newly launched features of the partner program include a loyalty program and a status program allowing clients to earn additional revenue. For partners who have achieved VIP status, Forex4you has introduced a new exclusive service where they enjoy dedicated support to e-mails and processing their fund withdrawals. According to the broker, the partner programs…

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June 21, 2023 BY Steffy Bogdanova

HYCM UK’s 2022 revenue up 14% but profits drop

However, operating profit plummeted 93% to £13,088 despite the revenue gain from 2021’s £198,050. The drop in profit can be traced in the 75.7% rise in administrative expenses which reached £2.57 million, compared to £1.46 million in 2021. HYCM UK registered pre-tax profit of £13,243 in 2022 and £3,706 after taxes, compared to £196,185 net…

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