Monthly Active Users in the final three months of the year decreased by 0.8 million to 11.4 million, as customers continued to navigate the volatile market. Full year results Robinhood reported that net revenues for the full year 2022 came in at $1.36 billion. The figure registered a 25% decrease compared to the previous year’s $1.82…
Read more
Luca Merolla, Chief Executive Officer, OvalX, said: OvalX, previously ETX Capital, has been at the heart of the UK financial spread-betting and CFD industry for many years. We believe that our legacy is in safe hands with Capital.com who are perfectly placed to look after the smooth transfer of clients over the coming weeks. Capital.com’s…
Read more
Alex Howard, CEO of Eightcap commented: By incorporating Acuity's cutting-edge AI technology into our platform, we are able to offer our clients a powerful new tool that will help them stay ahead of the markets. We are committed to providing an extensive range of tools and educational resources that will enhance our clients' trading experience…
Read more
In the first quarter of the year, net income came at $76.6 million during the first quarter, registering a 84% jump compared to Q1 FY22. StoneX’s ROE also improved by 27.3% in Q1 FY23. The diluted earnings per share (EPS) jumped 77% during the last quarter to $3.62 per share. FX and CFDs demand The…
Read more
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…
Read more
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…
Read more
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…
Read more
According to the official figures, the quarterly revenue reached $293.0 million, up by 5.8% on yearly basis. The average daily volume for the last three months of the year came in at $1.1 trillion, falling 4.1% YoY. Net income for the quarter jumped by 65% to $99 million. The uptick was attributed to lower tax…
Read more
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…
Read more
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…
Read more