Category: Brokers

ETX Capital to OvalX rebrand
May 30, 2022 BY Steffy Bogdanova

ETX Capital rebrands as OvalX

OvalX announced the new branding over a LinkedIn post showcasing the change of the brand. The announcement said: Having delivered trustworthy service our customers can rely on for decades, we’ve made sure any changes we introduce don’t affect the services our customers you know and love. As the next step in our evolution, we’ve changed…

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Freetrade
May 27, 2022 BY Steffy Bogdanova

Freetrade sees a jump in revenue to £12.7 million in FY21

The number of registered users also rose significantly during FY21, with 637,895 new traders on the platform. The year ended with a total of 886,743 users and 256% increase compared to FY20. Freetade also revealed that by the end of 2021, the numbers of users surpassed 1 million. The firm recently announced raising £30 million…

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Freetrade raises £30m from existing and new investors
May 23, 2022 BY Steffy Bogdanova

Freetrade raises £30 million in latest funding round

The company’s registered users went over 1.3 million in the UK. Freetrade’s revenue for 2021 increased more than six times £15.1 million, AUA surpassed £1 billion and trading volumes for the year were above £3.7 billion. The announcement specified that the company raised the funds through a convertible loan note. The company highlighted that the…

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Playtech
May 20, 2022 BY Steffy Bogdanova

Playtech says TTB should make an acquisition bid by 17 June

Playtech stated: Discussions between the Company and TTB are ongoing and progress continues to be made. There continues to be no certainty that an offer will be made, or the terms on which any offer may be made. Playtech’s CEO, Mor Weizer, and former Director, Thomas Hall have expressed interest in participating in the TTB…

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NAGA Group
May 20, 2022 BY Steffy Bogdanova

NAGA Group sees €7 million in revenue in April

The gains in the April trading update follows a strong first quarter for the Group. LeapRate reported last month the financial results of NAGA, reporting a 63% jump in revenue in Q1. The company also noted that its NAGAX NFT platform and its blockchain NXNFT are now live. Bilski said: This year, we are experiencing…

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plus500 revenue
May 16, 2022 BY Steffy Bogdanova

Plus500 anticipates to surpass market expectations for FY22

Plus500 stated: The Group's strong performance so far in FY 2022 has also been driven by the development of new proprietary technologies and product offerings, which will deliver growth and drive expansion and diversification across new geographies. London-listed broker made significant steps in its global expansion. Plus500 entered Japanese trading market with the acquisition of…

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EightCap introduces TradingView
May 12, 2022 BY Steffy Bogdanova

Eightcap integrates with TradingView

Joel Murphy, Eightcap CEO, commented: Providing our clients with unique trading resources is a priority for us as we continue to build a home for our traders. TradingView is used by millions of traders worldwide, and we are excited about this partnership as it allows our clients to make the most out of TradingView's outstanding…

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TP ICAP
May 11, 2022 BY Steffy Bogdanova

TP ICAP sees 15% increase in revenue in Q1 2022

Energy & Commodities activity increased 5% in the quarter to £107 million. The numbers were driven by growth in Oil and Power & Gas in the US, while in Europe, Power & Gas declined, as high prices and significant volatility led to lower volumes. Parameta Solutions, which offers data & analytics and post-trade solutions, registered…

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