Category: Broker News

Broker News

Geely Group Acquires Saxo Bank’s Share in RegTech Firm

In a strategic move to concentrate on its core business and market, Saxo Bank has sold its share in the regulatory technology (RegTech) platform, Saxo Fintech, to its biggest shareholder, China’s Geely Holding Group. The

Broker News

HYCM UK Sees 2022 Profit Drop Amid Rising Revenues

London-based FX/CFDs broker HYCM Capital Markets (UK) Limited reported an increase in revenue for the year ending December 31, 2022. The latest Companies House filing shows that the company’s turnover exceeded £1.88 million, marking a

Broker News

ACY Securities Boosts Global Access with Currencycloud

Partnership Australian forex and CFDs broker ACY Securities has teamed up with London-based payments company Currencycloud, enabling clients to deposit funds through local payment rails in over 180 countries and transact in 35+ currencies. The

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Broker News

GTCFX Partners with Acuity Trading

Acuity has previously partnered with ThinkMarkets, BlackBull Markets, INGOT Brokers, Equiti, EightCap, ADSS, Hantec Markets, Admirals, and Oanda. Acuity Trading and GTCFX, a Dubai-based multi-asset STP broker established in 2006, have entered a strategic partnership.

Broker News

XTB Seeks to Cancel Share Buyback to Boost Dividends

XTB, a retail broker based in Poland, has decided to cancel its planned share buyback program and distribute its 2022 profits as dividends instead. The company aims to boost its dividend distribution from PLN 3.25

Broker News

UK Trade.com Operator Sees 216% Revenue Jump.

Trade Capital UK (TCUK) Ltd, the operator of the Trade.com brand in the UK, reported a yearly increase of over 216% in its annual revenue in 2022, closing with £759,240. It’s consistent with the company’s

Broker News

iS Prime and ThinkMarkets Face-Off in Court

iS Prime, a prime-of-prime broker, and retail FX/CFDs broker ThinkMarkets have settled their exclusivity lawsuit at the last minute. The settlement was reached on Tuesday, the expected trial date, according to Law360. In 2017, iS

Broker News

CTF Spurs 3% Increase in Gaitame Revenue

The Swiss interdealer broker and operator of a Japanese retail broking giant, Compagnie Financière Tradition (CFT), released its financial report for the first quarter of 2023. The company recorded a consolidated revenue of CHF 271.6