Broker News

Broker News

Compagnie FT Ends Q4-2022 with 8.9% Revenue Rise.

During the Q4 of 2022, Compagnie Financière Tradition (CFT) experienced a steady rise in revenue. The Swiss interdealer broker and operator of a Japanese retail broking giant reported consolidated earnings at CHF 231.1 million.  It was an 8.9% increase from the previous year’s figure after being adjusted for currency fluctuations. The rise is remarkable progress …

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Broker News

Swissquote Records CHF 185M Pre-Tax Profits in 2022

On Thursday, Swissquote reported that their total revenue and pre-tax profit for 2022 were far above the projected minimums of CHF 400 million and CHF 185 million, respectively. The online broker’s results are notably lower than their high watermark established in 2021. The annual net revenue was CHF 472 million, and pre-tax profit stood at …

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Broker News

Interactive Brokers Sees Uptick in Accounts, Drop in DARTs

In December 2022, Interactive Brokers Group, a reputable US electronic trading platform with an international reach, released its performance metrics. Last month, the Daily Average Revenue Trades (DARTs) reached 1.751 million – a decrease of 10% from the previous month and 21% lower than in December 2021. The Group’s other financial indicators have experienced significant …

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French Authorities Expose 15 Unlawful Forex Platforms

The AMF and ACPR in France warn the public to beware of 15 newly detected websites offering unauthorized foreign exchange investment services. Furthermore, they discovered an illegal platform providing derivative products whose underlying include cryptocurrencies. On Wednesday, both regulatory authorities warned the public to refrain from investing in unlicensed forex and crypto-assets derivatives being offered …

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FMA Sues Tiger Brokers for CFT/AML Breaches

The Financial Markets Authority (FMA) of New Zealand has brought a civil lawsuit against the local subsidiary of Tiger Brokers, an online trading platform. FMA alleged that Tiger Brokers breached rules around Countering the Financing of Terrorism (CFT) and anti-money laundering (AML). On Wednesday, the financial market regulator declared they intend to impose a hefty …

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Broker News

TRADE.com Receives FINRA License, Enters US Market

The TRADE.com brand, owned by Trade Capital Markets North America LLC, received licensure from the Financial Industry Regulatory Authority (FINRA) to provide broker-deal services legally in the US. Trade.com is a provider of multi-asset contracts for difference (CFDs) that facilitates investments and allows users to speculate on the prices of various assets. It is a …

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Commodity

Zenfinex Enters MENA with New DFSA License

Zenfinex, an FX and CFDs broker headquartered in London, has gained licenses from regulators in Dubai to expand its services throughout the Middle East & North Africa (MENA). The company is looking forward to becoming one of the leading providers of financial markets across this region with its recent acquisition of Stochastic Africa, which later …

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