Recently, Trading Point of Financial Instruments UK Limited published its financial results for 2021 and saw drastic losses compared to the previous year. The company reported a loss of £1.17 million during the mentioned period, compared to only £118,000 in 2020. The firm’s revenue was roughly £705,000 in 2021, slightly less than 56% of the …
Financial Commission terminated LordFX’s license for violating the membership agreement. Additionally, the broker has broken several other rules and guidelines. Therefore, LordFX clients are no longer qualified for compensation from the Financial Commission. The commission will no longer process new complaints from LordFX clients. The Financial Commission issued the following statement on its website. ‘As …
Plus500, one of the world’s leading multi-asset financial trading services companies, has released its first-half financial results for the six months ended 30 June 2022 (H1 2022). Plus500 saw a 48% increase in revenue throughout the mentioned period, amounting to $511.4 million. EBITDA increased by $305.3 million in the second half of 2021, compared …
Today, the Monex Group, a Japanese financial services firm, released its results for the first quarter of the fiscal year 2023. While revenues increased despite a challenging global environment, profitability took a significant dive during the current quarter. In the Q1 of the fiscal year 2023, revenues rose to JPY 17.698 billion, with solid growth …
LiteFinance, a retail forex and CFDs broker, has opened a new regional representative office in Singapore to boost its presence in Asia. The new office was announced on Tuesday and will assist the broker’s clients and partners in Singapore and provide professional training courses in trading and investing locally. Furthermore, the firm anticipates earning money …
LiteFinance Launches a Regional Office in Singapore Read More »
On Tuesday, the Board of the Cyprus Securities Exchange Commission announced that it had initiated the process of compensating clients of Maxigrid Ltd under the Investors Compensation Fund. They made the decision on March 28 but was only publicly announced quite recently. Maxigrid operates multiple forex and contracts for differences (CFDs) trading brands, such as …
CySEC Initiates ICF Compensation for Maxigrid Clients. Read More »
The Cyprus Securities and Exchange Commission (CySEC) has fined CIF Capital Com SV Investments Ltd. 10,000 euros for non-compliance with article 16(2) of Regulation (EU) 596/2014 on market abuse. In January 2022, CySEC fined Atlantic Securities Ltd for violating Article 16(2). CySEC fined Atlantic 3,000 euros only, a significantly lower amount than what they fined …
CySEC Fines Capital Com for Non-Compliance with Article 16(2) Read More »
On Wednesday, Dutch online broker BUX announced the completion of its acquisition of a Cyprus Investment Firm (CIF). As a result, it obtained regulatory approval to provide financial services in Cyprus. The move comes after Brexit as the company focuses on continuing its services to European Union clients. The firm has completed the migration of …
BUX Expands Into Cyprus, Appoints Jean-Raphael Nahas as MD Read More »
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