Other newly launched features of the partner program include a loyalty program and a status program allowing clients to earn additional revenue. For partners who have achieved VIP status, Forex4you has introduced a new exclusive service where they enjoy dedicated support to e-mails and processing their fund withdrawals. According to the broker, the partner programs…
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However, operating profit plummeted 93% to £13,088 despite the revenue gain from 2021’s £198,050. The drop in profit can be traced in the 75.7% rise in administrative expenses which reached £2.57 million, compared to £1.46 million in 2021. HYCM UK registered pre-tax profit of £13,243 in 2022 and £3,706 after taxes, compared to £196,185 net…
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White stated that the current conditions have presented significant challenges for broker-dealers, emerging hedge funds, and family offices in their efforts to access essential markets and services required to maintain competitiveness in an industry where performance is key. As a result, there is a growing interest in independent prime service providers who possess the necessary…
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MacKinnon added: In addition to local latency decreases, Singapore is a welcome addition to our global network, acting as a fallback venue for execution in the unlikely event of downtime in London or New York. With access to global liquidity sources, our clients can select the geographical centres that best meet their requirements. The official…
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Milan Galik, Chief Executive Officer of Interactive Brokers, said: Clients seeking to diversify and take advantage of new trading opportunities across geographies in Europe and around the world, can now add Danish and Czech stocks to their portfolios while benefiting from Interactive Brokers’ low costs and the ability to trade products across asset classes from…
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The basic earnings per share for FY 2023 stood at 14.7 pence, down by 40%. The number of active clients saw a 9% decline on yearly basis at 58,737. However, the trading revenue per client increased to £3,968 by 11%. In addition, the number of active investing clients also fell 11% to 218,310. Lord Cruddas,…
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Ending client credit balances were $98.7 billion, which includes $2.9 billion in insured bank deposit sweeps, representing an 8% rise from the prior year and a 1% decline compared to the previous month. Elsewhere, the average commission per cleared commissionable order came in at $3.08, including exchange, clearing, and regulatory fees. The average commission per…
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Chief Managing Director of Equiti Group and Co-founder, Mohamed Alahmad, added: This strategic acquisition marks a significant step towards expanding our capabilities in the digital payments sector. Alahmad added that Cloud Invest's experience of working with banks, financial institutions and partners such as Mastercard, Visa and Network International spanning more than 10 years will boost…
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Gary Thomson, Chief Operating Officer of FXOpen UK, noted: While the euro and US dollar have remained relatively stable, the Hungarian forint has experienced a remarkable appreciation in value. Despite economic challenges and geopolitical uncertainties across the Western world, the forint has seen a significant increase in strength since October last year. This notable upward…
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A representative of VT Markets said that the region is one of the key markets for the company. VT Markets' representative stated: With the numerous developments taking place in the region, Latin America is uniquely poised for explosive growth, and we want to be at the forefront of the new financial landscape when it emerges.…
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