Category: Brokers

April 21, 2023 BY Steffy Bogdanova

GCEX reports £4.5 million in turnover in 2022

Over the last year, the London-headquartered Group, continued to grow its team and expanded its global footprint in Dubai. Furthermore, GCEX launched XplorDigital trading solutions, introduced 24/7 FX trading, and continued the expansion of its product offering. Additionally, GCEX offers more than 40 crypto products to its institutional and professional clients, available as spot or…

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Spectrum Markets
April 20, 2023 BY Steffy Bogdanova

Spectrum Markets order book turnover surpasses €1 billion in Q1

Nicky Maan, Spectrum Markets CEO, said: We’ve had a very successful start to 2023, achieving another strong quarter of growth, and building on the foundations of our robust and innovative pan-European trading ecosystem to further enhance connectivity and expand our partner network. According to the numbers, the total value of order book turnover exceeded €1 billion…

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April 20, 2023 BY Steffy Bogdanova

ThinkMarkets expands to New Zealand with a new business arm

ThinkMarkets further highlighted that the new entity is regulated by the New Zealand Financial Markets Authority (FMA). The company’s clients in the region can trader more than 4,000 financial instruments on the ThinkTrader platform, which is available on mobile, web and desktop. Nauman Anees, CEO and co-founder of ThinkMarkets, commented: We are delighted to expand…

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plus500 revenue
April 19, 2023 BY Steffy Bogdanova

Plus500’s Q1 revenue jumps 64% QoQ

The Israeli-based broker reported EBITDA of $100.9 million for the period, registering a 116% million from Q4’s $46.7 million. Compared to the first quarter of last year, however, the figure dropped 37.6%. Customer activity During the first quarter of 2023, the London-listed company onboarded 28,201 new customers. This 16.4% lower than the 33,740 accounts added…

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Interactive Brokers
April 19, 2023 BY Steffy Bogdanova

Interactive Brokers sees 64% increase in revenue in Q1

Revenue generated from commission was only 2% higher, reaching $357 million. The revenue earned from commissions rose only by 2% and amounted to $357 million. This was due to a surge in contract volumes in futures, coupled with higher average trade sizes in both options and futures. However, the increase was offset by reduced trading…

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April 17, 2023 BY Steffy Bogdanova

Kohle Capital Markets announces rebrand to KCM Trade

The firm detailed that in 2022 KCM Trade experienced many successful events, sponsorships and partnerships which led to its rapid growth. As part of its expansion plan, the company is opening new branches throughout Southeast Asia, including Vietnam, Indonesia and the Philippines and other key markets. Additionally, KCM Trade plans to increase the number of…

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Saxo Bank
April 06, 2023 BY Steffy Bogdanova

Saxo Bank sees 40% MoM jump in FX volume in March

The average daily volume (ADV) in forex instruments stood at $6.8 billion. The figure grew 23.6% on monthly basis and 3% on yearly. The brokerage firm reported that demand in Equities also registered an uptick. The volume in March was $259.9 billion, strengthening by 25% compared to February. On yearly basis, the asset class rose…

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NAGA Group
April 05, 2023 BY Steffy Bogdanova

NAGA Group’s Q1 revenue falls 36%

NAGA stated in their update that the assets under custody have increased to EUR 35 million, representing a growth of 45% compared to the previous reported HY1 2022 figure of EUR 24 million. Additionally, the company said it lowered its monthly cost to an average of EUR 3.3 million during Q1 2023, a 40% decrease…

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