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’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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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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Tenev commented: This acquisition will bring us closer towards our goal of serving the entirety of our customers’ critical financial needs. Together with X1, Robinhood will now be able to offer our customers access to credit. Deepak Rao, CEO and co-founder of X1, said When founding X1, we set out to create a different kind…
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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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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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White stated that the current conditions have presented significant challenges for broker-dealers, emerging hedge funds, and family offices in their efforts to access essential markets and services required to maintain competitiveness in an industry where performance is key. As a result, there is a growing interest in independent prime service providers who possess the necessary…
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MacKinnon added: In addition to local latency decreases, Singapore is a welcome addition to our global network, acting as a fallback venue for execution in the unlikely event of downtime in London or New York. With access to global liquidity sources, our clients can select the geographical centres that best meet their requirements. The official…
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Milan Galik, Chief Executive Officer of Interactive Brokers, said: Clients seeking to diversify and take advantage of new trading opportunities across geographies in Europe and around the world, can now add Danish and Czech stocks to their portfolios while benefiting from Interactive Brokers’ low costs and the ability to trade products across asset classes from…
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The basic earnings per share for FY 2023 stood at 14.7 pence, down by 40%. The number of active clients saw a 9% decline on yearly basis at 58,737. However, the trading revenue per client increased to £3,968 by 11%. In addition, the number of active investing clients also fell 11% to 218,310. Lord Cruddas,…
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