Category: Brokers

Interactive Brokers
February 07, 2023 BY Steffy Bogdanova

Interactive Brokers launch stock yield enhancement program in Australia

Once Interactive Brokers Australia receives permission to enter into SYEP Derivatives, the company will manage everything from there. The firm will examine clients' stock portfolios and enter into SYEP Derivatives with eligible clients, depositing cash collateral in their accounts and paying them a fee reflected as interest. The American automated global electronic broker highlighted the…

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February 07, 2023 BY Steffy Bogdanova

Oanda exits Malta in March, consolidates its European operations under Polish entity

OANDA Group’s fully owned subsidiary, OANDA TMS, is supervised by the Polish Financial Supervision Authority and participates in the Investor Compensation Scheme operated by the National Depository for Securities S.A. (KDPW). Following the strategic reorganisation, active traders in Europe will be able to gain access to the broader TMS product offering with wider range of…

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plus500 revenue
February 06, 2023 BY Steffy Bogdanova

Plus500 secures DFSA licence in United Arab Emirates

David Zruia, CEO of Plus500, commented: We are delighted to have received licence authorisation from the DFSA in the UAE and we are excited to bring our market-leading technology capabilities to customers in the region. This is the latest realisation of our strategy to enter new markets, develop new products, and deepen engagement with our…

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Interactive Brokers
February 02, 2023 BY Steffy Bogdanova

Interactive Brokers reports 14%YoY drop in DARTs in January

The broker ended the month with client credit balance of $99.8 billion, including $2.4 billion in insured bank deposit sweeps. The client credit balance came in 12% higher than in January 2022 and 5% above the prior month. However, client accounts on the platform increased 23% YoY and 2% MoM to 2.13 million in January…

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XTB
February 02, 2023 BY Steffy Bogdanova

XTB revenue falls in Q4 but full year results remain strong

Net profit for the period stood at PLN 50 million, suffering 27% fall YoY and 78.8% drop QoQ. However, the full year results were positive for the broker. The revenue for 2023 reached PLN 1.444 billion, skyrocketing 130.9% from the previous year. Net profit jumped 222% to PLN 765.7 million Active clients The numbers of…

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FXSpotStream
February 02, 2023 BY Steffy Bogdanova

FXSpotStream sees $60.6 billion in January ADV

On yearly basis, however, last month’s ADV jumped 14.3% compared to January 2022. In January 2023, FXSpotStream’s overall volume stood at $1.33 trillion. The numbers were 4.7% up from the $1.27 trillion, recorded in December 2022. The overall trading volume of the firm has surpassed $1 trillion for every month of 2022 and it is…

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February 02, 2023 BY Steffy Bogdanova

Invast Global strengthens offering with 10 soft commodity CFDs

Invast Global institutional clients ten Soft Commodities which include Corn, Soybean, Wheat, Copper, Coffee Robusta, Coffee Arabica, US Heating Oil, Cocoa, Sugar and Cotton. They can be accessed via trading servers in New York (NY4), London (LD4) and Tokyo (TY3). According to the official announcement, speed of pricing and quality of execution are a key…

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January 31, 2023 BY Steffy Bogdanova

CMC Invest to launch in Singapore

According to the official announcement, the launch is expected for the end of the first quarter of 2023. CMC Invest will offer zero commission and real-time pricing in selected markets, including Singapore, the US, and Australia. The company has already recived similar licences in the UK and Australia. Christopher Forbes, head of CMSI, said: The…

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