Retail FX

FX broker Axi, previously known as AxiTrader, has renewed its flagship sponsorship deal with soccer giant Manchester City.

The Financial Commission, an industry-specific dispute resolution service that caters to the financial services industry, today announced that it believes a clone website has been impersonating its membership roster.

CMC Markets PLC (LSE:CMCX) said in a trading update for the fiscal year 2023 that February and March posed a more challenging environment with lower equity volumes and a higher proportion of lower margin institutional trading activity.

“Our tools are designed with the end-user in mind and are engineered to present insightful and actionable market data in an accessible way to help traders manage risk by identifying potential market movements before they occur and ultimately make better decisions on how, when, and where to invest.”

“This is another step of a journey where we continue to deepen the efforts of differentiating Investing.com with valuable, market-moving and breaking information. This acquisition reinforces our vision of empowering retail investors with data, tools and content they need to make informed financial decisions, especially during times of volatile markets.”

The London-based entity of Australian FX broker Pepperstone has reported its financials for the fiscal year ending June 30, 2022. The group had outperformed the last year’s flat performance, having doubled revenues and boosted the broker’s bottom line and shareholders’ fortunes.

“Our market share swings towards the more sophisticated segment of traders and we have been inundated with requests for an additional platform with more institutional-style characteristics. The addition of the cTrader trading platform offering allows our clients the choice to further shape their trading experience with us.”

Playtech plc (LSE: PTEC) reported solid financial results for the fiscal year 2022 as B2B growth and Snaitech’s record performance pushed it towards large gains in revenue and net profit.

“Interest in CFDs has been surging globally as they offer traders and investors the opportunity to profit from price changes without owning the underlying assets. CFDs give exposure to markets that are trending downward as well as upward, allowing traders to take positions even when volatility is high.”

Israeli broker eToro has upgraded its social trading platform to integrate professional charting and trading platform TradingView.

Israeli social trading network eToro today reported financial results for the financial year ended December 31, 2022.

FX brokerage firm OANDA is looking to diversify its suite of tradable assets by adding new CFDs on single US and UK stocks, which marks yet another stage of its decisive move into the surging arena.

Italian authorities are cracking down on illegal online trading operations in their jurisdiction. The nation’s Commissione Nazionale per le Società e la Borsa (CONSOB) has recently ordered that ISPs block five offshore websites that are operating illegally in the country as the move helps in the fight against unauthorized providers.

The Cyprus Securities and Exchange Commission (CySEC) today published a new list of financial services providers that were disbarred from its lifeboat scheme, the Investor Compensation Fund (ICF).

“While the tax-free advantages of JISAs are key, we think it’s vital that parents and other investors are not baffled by thousands of funds and stocks when it comes to making investment decisions. That is why we carefully narrow down their options so they can choose from our best of breed funds and stocks, taking the hard work out of the process while ensuring they maintain total control over how their contributions are invested.”

Retail FX deposits at US brokerages, which have been struggling to eke out a profit in a strict regulatory environment, rose slightly in January 2023 by $8.8 million, CFTC data showed.

Swissquote Group, Switzerland’s provider of online trading services, reported its operating revenue for the 12-month period ending December 31, 2022 at 414.6 million Swiss francs (roughly $446 million).

Australian FX broker Pepperstone today announced that it has concluded a sponsorship deal with the Aussie football team Geelong Football Club, nicknamed the Cats, that entails sponsorship rights and other marketing benefits.

FX brokerage firm OANDA announced today the launch of new operations in Europe under one regulated entity, namely its business registered in Warsaw, Poland.