Search
HYCM financial reports show low profit despite a 14% revenue boost
22.6.2023
HYCM recently released its financial report for 2022. According to the report, the company witnessed a 14% rise in its yearly revenue. The company generated 1.88 million pounds in 2022 compared to 1.65 million pounds in 2021. Similarly, the UK-based broker accrued over 697,000 pounds in operating...
Nigerian Currency Falls by More Than 30% After Central Bank Announced New Forex Market Rules
18.6.2023
The Nigerian currency’s official exchange rate versus the greenback recently plunged to NGN634 per dollar from just under NGN470 per dollar. The central bank’s decision to allow the naira to “float” came a few weeks after Nigerian president Bola Ahmed Tinubu pledged to end...
Here's what Nigeria's naira float means for its crypto market
15.6.2023
This reduces the likelihood of artificial price differences between the naira and cryptocurrencies in different markets
Interactive Brokers expands its European Exchanges offerings
14.6.2023
Interactive Brokers has announced expanding its offering of European exchanges. It now enables Nasdaq Copenhagen and Prague Stock Exchange, allowing traders to diversify their investment opportunities. With this, the automated global electronic broker has enhanced the services in all its operating...
ZuluTrade to exhibit upgraded affiliate program at SiGMA Americas
13.6.2023
ZuluTrade has confirmed that it will be participating in SiGMA Americas in Sao Paulo to demonstrate its upgraded affiliate marketing program. The social trading platform will be in Brazil from June 15, 2023, to June 17, 2023. One can access their team at Stand Number C150 at the Transamerica Expo...
Exness releases its May 2023 financial statement
12.6.2023
Exness has published its report for May 2023 to highlight a rise in trading volume. The figure previously stood at $3,000 billion for April 2023. May saw a jump to $3,355 billion. This refers to the volume of CFDs traded on the platform. A lot of credit can be seen waving to 515,099 active clients....
CMC Markets invests in StrikeX Technologies
12.6.2023
StrikeX Technologies has announced a partnership with CMC Markets. This comes to light after CMC Markets proceeds with its investment and strategic investment in the venture. Reportedly, CMC Markets has acquired a 33% stake and onboarded two executives to the side of their partners. While the stake...
Saxo Bank releases its figures for May 2023
8.6.2023
Forex volume was at its lowest in March 2023. Now there is a jump, per the report for May 2023. The figure stands at $130.5 billion at a recovery rate of 27%. Monthly volume was at a daily average of $5.7 billion, for a 12% gain. As impressive as it sounds, there is still some …
Tanzanian Central Bank Says Forex Restrictions Intended to ‘Safeguard the Stability of the Financial System’
3.6.2023
The Tanzanian central bank said on May 31 that foreign currency dealers are required to trade all transactions that exceed $1,000,000 within “interbank foreign exchange market prevailing quoted prices.” According to the Bank of Tanzania, the latest directives are intended...
May 2023 Report for Interactive Broker is out!
2.6.2023
Daily Average Revenue Traders, also known as DARTs, and client accounts are at the center for Interactive Broker in its May 2023 report. The American trading platform has revealed that there was a rise in DARTs in May 2023, with the number rising in the single digit of 5%. DARTs for May 2023...
Putin Wants Limit on Currency Purchases for Russians Dealing With Foreigners
24.5.2023
Russian citizens and firms doing business abroad may soon be restricted in the amount of foreign currency they are allowed to acquire, on order from Vladimir Putin. Russia’s head of state now wants his government to cap such purchases on the domestic forex market. President Putin Orders Russian...
Capital.com partners with Bruno Moltrasio & helps Italian Traders
23.5.2023
Capital.com has made a major advancement in the Italian market. The global fintech venture has announced a partnership with Bruno Moltrasio, the veteran trader and educator of the financial sector. Capital.com, with the partnership, is aiming to improve the understanding of Italian traders in...
FXPesa Academy is now in Kampala, Uganda
23.5.2023
FXPesa Academy, a part of Equiti Group, has announced setting up a financial institution in Uganda’s Kampala. Making it the first-ever financial education center in the country, the Academy is specifically located on Rumme Building’s 7th floor in Kampala. The focus will be on bringing quality...
Money Expo returns to Mexico with three key participants
22.5.2023
The Money Expo is all set to be held in Mexico’s Centro Citibanamex from May 24, 2023, to May 25, 2023. The Expo is one of its kind, for it brings together a community of financial advisors, investment experts, and traders. The ultimate goal is to keep everyone updated with the recent trends...
Exness sees a cyclical downfall in April, sustains the $3T mark in trading volume
12.5.2023
Exness, a retail brokerage firm, has published its numbers for April 2023, revealing that it was able to sustain the mark of $3 trillion in terms of trading volume. It is significant that the brokerage firm was able to sustain the milestone mainly because it registered a fall in the trading volume...
A new PAMM offering goes live on ThinkMarkets
10.5.2023
ThinkMarkets has announced the launch of a new product in the emerging market. This is expected to help partners and clients in more than one way. The new PAMM offering complements the rising demand of the trading community, allowing them to allocate funds as per their preference. Money Managers...
HFM releases exciting upgrade to its trading platform HFcopy
10.5.2023
Followers and Strategy Providers can be assured that HFM is exploring ways to enhance their experience of trading. However, to start with, the platform has already launched an upgrade to HFcopy wherein both types of traders can enjoy better leverage. Strategy Providers, for example, can join...
Tickmill enters Dubai, obtains necessary permissions under DFSA
9.5.2023
Tickmill, a UK-based retail brokerage firm, has announced that it will soon be opening a new office in Emirates Financial Towers. This will enable Tickmill to give access to local traders to a variety of services like education and trading. A specific offering that is likely to catch the major...
Vantage earns the FSCA license to run services in South Africa
5.5.2023
Vantage recently announced that it had earned its operating license from the FSCA (Financial Sector Conduct Authority). With the license, the platform can now run its services in South Africa. The FSCA acts as a regulatory body for financial projects in South Africa. It is accountable...
VT Markets bring back Hill Trading Contest with a prize pool of $60,000
4.5.2023
After experiencing the inaugural success, VT Markets has announced bringing back the much-anticipated trading contest – Hill Trading Contest. It is scheduled to begin on May 01, 2023, and conclude on July 31, 2023. The 3-month long trading contest requires traders to showcase their skills...