Category: Forex

Plus500 new share buyback program
February 28, 2023 BY Steffy Bogdanova

Plus500 commences a new $70 million share buyback program

The recent buyback program started after completing another $60.2 million buyback program in November. The Israeli-based broker said in the official statement: The purpose of this Share Buyback Programme is to further highlight the Board's continued confidence in the future prospects of Plus500 and reflects its strong financial position. This confidence is supported by the…

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February 27, 2023 BY Steffy Bogdanova

Equiti expands its UAE operations with an Abu Dhabi office

Mohamed Al Ahmad, Co-Founder & Chief Managing Director of Equiti Group, added: The UAE, with its capital Abu Dhabi, has a very strong economy and a solid financial infrastructure. This will allow us to attract more international investors to the capital. We are aware of how discerning and astute the investors in Abu Dhabi are.…

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February 27, 2023 BY Steffy Bogdanova

eToro to launch social sentiment portfolio in partnership with Sentifi

The allocation, which is based on ESG and social sentiment criteria, is rebalanced every month and comprises the top 10 S&P 500 stocks ranked by their lowest risk over attention-weighted sentiment score (AWSS). With a minimum investment of USD 500, investors can monitor their portfolio's performance using eToro's advanced tools and charts and stay informed…

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FCA
February 24, 2023 BY Steffy Bogdanova

FCA announces compensation for 24HR Trading Academy Ltd victims

Background The 24HR Trading platform provided trading signals to clients, promising significant profits if they followed the instructions sent via WhatsApp and other messengers, involving CFDs contracts on currencies and commodities. However, the platform did not hold the necessary regulatory license, and the FCA issued a warning against it in September 2019. The regulator froze…

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February 24, 2023 BY Steffy Bogdanova

Citi joins eFX trading services in a single dealer platform Velocity 3.0

Furthermore, Velocity 3.0 works across all popular operating systems and can be accessed through any browser. Citi describes the new single dealer platform as “platform-independent technology.” Citi noted that Velocity 3.0 is 71% faster with deal booking and 94% faster with order placement response compared with Citi’s classic platforms. The global investment bank further explained…

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FSMA
February 23, 2023 BY Steffy Bogdanova

Belgium regulator FSMA warns against unlicensed trading platforms

Additionally, FSMA pointed out a common offer among such online trading platforms includes “affiliate program” that may be a sign of a pyramid scheme. The regulator warned that fraudulent trading platforms may act very aggressively and scammers can try to convince their victims to take control of their computer remotely in order to make money…

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