StoneX Group reports $82 million “bargain purchase” benefit from Gain Capital acquisition LeapRate

December 10, 2020 BY Steffy Bogdanova

StoneX Group reports $82 million “bargain purchase” benefit from Gain Capital acquisition

StoneX finalized the acquisition of Gain Capital Holdings, Inc in the end of July 2020 for $6.00 per share in all-cash transaction, amounting to approximately $236 million in equity value. StoneX reported a total operating revenue for the quarter of $342.1 million, up by 30% YoY. The net income for the quarter of jumped 185% to $77.4 million. The FX…

December 09, 2020 BY Steffy Bogdanova

Payment solutions for unregulated offshore FX Brokers

PSP (or E-Wallet) Webmoney, Qiwi, PayPal, Skrill, Neteller, Yandex and others. FX Offshore Broker needs to open a wallet in the selected payment system and place it on the website and in the Trader's Room (Link to the Article about Traders Room) Fees: Can be dramatically different between currencies. Make sure to get a detailed…

SquaredFinancial releases new partnership programme

December 08, 2020 BY Steffy Bogdanova

SquaredFinancial adds SwapFree trading to its offering

The SquaredFinancial swap-free accounts are available on the SquaredPro, as well as SquaredElite accounts when using the SF MT4 platform. They offer up to 1:500 leverage with client support available to all traders 24/5. FilippoDe Rosa, Global Head of Sales, commented: Volatility in markets means we have to apply a handling charge for exotic currency…

December 04, 2020 BY Steffy Bogdanova

USGFX expects delay in refunding its Australian clients

The Vanuatu Financial Services Commission regulated broker noted that 50% of the withdrawals have been processed so far and the company continues to work to process the rest of them. USG stated that it expects all of the funds to be processed and refunded by the end of March 2021. Earlier this year, the USGFX…

December 04, 2020 BY Steffy Bogdanova

Integral’s ADV reach nearly $48 billion in October with 9% MoM rise

Integral's registered ADV for November 2020 also include volumes traded on the recently launched venue, TrueFX, and is reported in aggregate with volumes from Integral’s other trading platforms. The monthly ADV now represents total volumes traded across the group’s entire liquidity network. Integral and Swiss online bank Swissquote Bank Ltd today announced that their long-standing…

December 03, 2020 BY Steffy Bogdanova

FXSpotStream ADV up 14.5% MoM in November with $44.5 billion

FXSpotStream’s 2020 ADV (January to November) was $42.635 billion, up 17% YoY compared to the same period during 2019, when it reached $36.435 billion. November saw FXSpotStream cross the $10 trillion mark YTD – the first time FSS has supported $10 trillion in any year (in March, alone, volume reached a record high of USD1.372trillion).…

November 27, 2020 BY Steffy Bogdanova

IS Prime reports 30% rise in turnover in 2020

Raj Sitlani, Managing Director, ISAM Capital Markets said: Our financials confirm IS Prime’s position as a global market leader in our industry and we are very pleased to report yet another year of record revenues. We have achieved significant growth outside the UK, virtually doubling our turnover in the rest of Europe. We have also…

November 19, 2020 BY Steffy Bogdanova

CMC Markets net operating income up 126% YoY in H1 2020

Profit before tax rose 369% YoY to £141.1 million, compared to £30.1 million last year. Peter Cruddas, Chief Executive Officer, commented: I am delighted with our record first half performance, which vindicates our strategy of continuing focus on high value clients. I am tremendously proud of the resilience, flexibility and capability displayed by all of…

November 18, 2020 BY Steffy Bogdanova

Online FX and CFD broker Pepperstone acquires CySEC licence

Tamas Szabo, Group CEO of Pepperstone, added: This year marks the 10th anniversary of Pepperstone and we are excited to celebrate it with the achievement of our new Cyprus license. Szabo added: It’s been a huge year for the business. We’ve launched a number of offices in multiple jurisdictions. This growth is testament to our…

Category: Brokers