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Broker News

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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Brokernews

An Expanding Broker

CFI offers trading services with forex and contracts for differences (CFDs) of many other popular asset classes. Most of the broker’s regulated entities are located in the Middle East, such as in the United Arab Emirates, Jordan, and Lebanon. In addition, the broker is regulated by the United Kingdom, Cyprus, and Mauritius governments.   Furthermore, …

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Broker News

Swissquote Suffers ‘Massive DDoS Attack’, Finding a Solution

Swissquote, an online trading platform, was the victim of a “massive DDoS attack” yesterday and today. Tweeting from their Switzerland headquarters, the trading services provider announced that an attack had impacted the accessibility of their platforms and services. They explained that defense triggers from IT systems and internet providers resulted in a decline in service. …

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Broker News

Interactive Brokers’ Revenue Leaps by 70% in Q3 2022

Interactive Brokers reported net revenue of $790 million for the three months between July and September, which is a 70% year-on-year increase. The adjusted figure increased from $650 million to $ 847 million. The company’s total earnings were pulled down by interest income, which leaped 73% to $473 million. The primary reason for this was …

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Broker NEws

Trading 212 Posts 512% Profit Surge, German Entity Closes.

The Trading 212 Group Limited, which operates under the Trading 212 brand, reported total revenue of £138.7 million for the 2021 financial year. It was a significant increase of 11.2% compared to the previous year. The pre-tax profits were £86 million, a jump of 473% from the previous financial year. After accounting for taxes and …

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Broker News

Financial Commission has Expelled LordFX.

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 …

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