Category: Brokers

Forex broker HYCM
December 15, 2020 BY Steffy Bogdanova

HYCM explains how to invest responsibly in the post-Covid era

For professionals, leverage is reserved for certain high conviction trades. It’s used sparingly, only in certain situations, and never at the ratios that retail traders routinely use it. If you’ve just started your trading career and are using the maximum amount of leverage your broker offers you, then you’re begging for trouble. HYCM’s advice would…

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IG Group
December 15, 2020 BY Steffy Bogdanova

IG Group Q2 revenue jumps 71% YoY

In Q2, the brokerage registered 207,000 total active clients in the period. In Q1, the total active clients were 201,500 total active clients with almost 3% increase since then. On yearly basis, the number jumped 54.7% compared to 133,800 clients in Q2 FY20, benefitting from a continuation of strong client acquisition. The second quarter of…

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Exness to attend Dubai Forex Expo with team of robots
December 14, 2020 BY Steffy Bogdanova

Exness to attend Dubai Forex Expo with team of robots

The Exness branded robots, named Forexawy, Crypto and Dahab, will be greeting attendees with face masks and sanitizers, escorting them to the Exness booth, answering questions about the company’s products and services and arranging live video calls with Exness sales representatives. The Exness booth will be also equipped with touchless sensor based interactive technology, with…

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JFD
December 11, 2020 BY Steffy Bogdanova

JFD Group adds new commission-free ETF trading opportunities for investors in Europe

Gottwik continued: In the current situation with the COVID-19 pandemic, many investors have become extremely cautious when building their portfolios and deciding where to spend their hard-earned money. Therefore, the ability to consider another investment vehicle while reducing the trading costs can make a massive difference in performance. Through the turbulent economic conditions during the…

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StoneX
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…

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Payment solutions for unregulated offshore FX Brokers
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…

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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…

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USGFX expects delay in refunding its Australian clients
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…

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Integral
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…

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FXSpotStream
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).…

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