Forex Trading

Broker News

ASIC Revokes XTrade’s License for Multiple Violations

Australia’s financial regulator canceled XTrade.AU Pty Ltd’s license due to significant compliance failures in its CFDs offerings. XTrade Moves for Review, Fails to Get Stay Order Today, ASIC confirmed the license cancellation of XTrade.AU Pty Ltd, effective immediately. On April 29, 2024, the company requested a review from the Administrative Appeals Tribunal (AAT). However, the …

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Saxo’s Forex Trading Volume Stagnates in Summer

The widely recognized retail trading brand Saxo Bank disclosed its August monthly metrics, demonstrating a slight reduction in monthly forex trading volume. It fell to $112.3 billion, a minor dip from $112.9 billion in July. The daily average volume also experienced a fall, descending to $4.9 billion from $5.4 billion, a 9.2% decline. Summer Holidays …

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