Broker News

admiral markets

Malaysian Financial Regulator Warns Admiral Markets Clone

Malaysia’s financial regulator has blacklisted another group of FX and investment websites. Admiral Markets’ European authorization does not entail passporting rights to promote its products in Malaysia. The regulator cited their brands as unauthorized to operate in the country.  The most notable to the Securities Commission (SC) warning list is the clone firm that claimed …

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activtrades

ActivTrades Gets License for Luxembourg Office

Today ActivTrades announced that they had received a license for their Luxembourg office. The broker plans to facilitate its European clients after Brexit. ActivTrades is an online FX and CFD broker.  ActivTrades plans to make the transition process easy for its European clients after Brexit. Moreover, the broker has registered its Luxembourg branch as ActivTrades …

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Robinhood

Robinhood Probed for Luring Inexperienced Traders

Regulators alleged that Robinhood had failed to stop frequent outages and disruptions on its trading platform.  Massachusetts securities regulators are investigating the zero-fee based app over alleged failures to protect its inexperienced investors. The app was promoting its products to them aggressively. According to the regulator, the app-based platform has allegedly failed in its duty …

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StoneX

StoneX Records 785% Revenue Spike After GAIN Capital Acquisition

StoneX Group Inc, formerly known as INTL FCStone, published its quarterly financial reports as of September 2020. StoneX published for the first time after fully acquiring GAIN Capital. Alongside the excellent quarterly operating revenue and profit increase, the company recognized an $81.8 million bargain purchase on the GAIN Capital acquisition. According to StoneX, the bargain …

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