Profit before tax rose 12% to £68.8 million, while diluted earnings per share climbed 11% to 12.36 pence. The company told investors that it maintained a robust revenue margin of 32.4 basis points, though the profit margin dipped slightly to 44.9% due to increased investment in brand and product development. Customer numbers grew to 593,000,…
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The new products are being offered via eToro’s French subsidiary, eToro Patrimoine, and mark a step in the platform’s expansion into long-term savings. The announcement comes as shares of the stock brokerage platform surged in their Nasdaq debut on Wednesday, after it raised around $310 million in an initial public offering. The PER and life…
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The company made the announcement in a fourth-quarter trading update, saying the updated forecast has been driven by elevated client trading activity in the fourth quarter. The trading platform cited higher-than-expected volatility across several asset classes, particularly in April, which boosted activity. Market consensus currently estimates FY25 revenue at £1.05 billion and adjusted pre-tax profit…
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The company explained that the partnership integrates Visa Direct, Visa’s real-time payments solution, into the Webull U.S. platform. This is said to enable instant transfers between Webull brokerage accounts and external bank accounts, an upgrade from traditional methods such as ACH transfers, which can take several days. "Webull has always been committed to improving access…
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The move comes not long after it was announced that Hidden Road was acquired by Ripple for $1.25 billion. The licence enables Hidden Road to offer a wider range of regulatory-compliant services—including clearing, financing and execution—to institutional clients in the fixed income market. The firm’s platform already includes Fixed Income Repo and Global Funding services.…
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The transaction, approved by SK Growth shareholders on 30 March, sees SK Growth become a wholly owned subsidiary of Webull. As part of the SPAC deal, SK Growth’s ordinary shares and warrants were converted into those of Webull. Effective from 11 April, Webull’s ordinary shares, warrants, and incentive warrants began trading under the tickers “BULL”,…
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The firm announced the news on Thursday, saying it expects to complete the sale in the second half of 2025, with 3,600 customers and £3.2 billion in assets under administration transferring to InvestAcc. Under the agreement, AJ Bell will receive £18.5 million upon completion, comprising £17.5 million in cash and £1 million in new InvestAcc…
Read moreSaxo Bank will retain the remaining 19.9%, with the deal subject to regulatory approvals. Under the agreement, DMA will leverage Saxo Bank’s trading technology and platforms via a white-label arrangement for Australian clients. The deal is expected to build on the existing partnership between the two firms in South Africa, the Netherlands, and the UK,…
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The online trading provider said ATFunded was created with a focus on the traders potentially using the platform, providing them with the potential for a sustainable, long-term pathway to funding, as well as various features to help improve the trading experience. In an interview on the ATFunded Website, ATFX chairman Joe Li said the prop…
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Beginning January 3, 2025, the company said the enhancement aims to provide broader trading opportunities for traders. The Tradingcup platform, launched in early 2024, has quickly gained traction, with 3,321 total signals, $53.2 million in invested funds, and $176,100 in performance fees paid out. There has also been $13,200 in total subscription fees. With the…
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