Author: Chief Editor
CySEC permitted allowed Retail FX and CFDs broker spectrum Markets is continuing its latest hiring spree after being captured by Rostro Group earlier this year, making three new governance appointments – which include two outside hires from rival firms. Scope said that its Chief Market Analyst and Head of Brand James Hughes has been endrosed to the role of Group Head of Marketing. supplanting Mr. Hughes as Chief Market Analyst at Scope is Joshua Mahony, who joins Scope following an eight year administration with IG Group in London. Joshua is a Member of the Society of Technical Analysts and has…
Australia-headquartered FX/CFDs agent, Axi has declared the development of its sports support with top English football club Manchester City FC.Oxy first became a sponsor of Manchester City FC in September 2020, correspondent with its branding change.Although the broker noted that the renewed agreement covers several years, it did not specify when the agreement would take effect. In our three-year partnership, we have developed a great relationship with City Football Team. “We’ve established that our industry shares a very ambitious approach and strong commitment to success, so we have no hesitation in wanting to expand our association and see where this…
Zenfinex was unshakable in 2017 and operates as a boutique broker. Other, it gained a Dubai Financial Services Authority license, cementing its regional Capacity. On top of that, the broker holds administrative permission in the United States, Seychelles, and the central bank of Sierra Leone. “It is conspicuous that Zenfinex is working very hard to enlarge its professional and institutional offerings across the MENA region. I look forward to this journey and to building on Zenfinex’s commitment to consistency and to prioritizing the needs of our traders,” Zino said. During the interval, Michel Chabbouh, who joined Zenfinex last year as…
Fintech association Spotware Systems has delivered cTrader Desktop 4.6.5, offering an array of upgrades and fixes. The list of improvements concerns memory administration of Automate logs. Also, a switcher was added making precise profits calculation in backtesting optional. The following arguments were fielded: omens getting delayed by one bar on every pause in Visual Backtesting Row selection changing to the best pass after clicking ‘Apply’ button in Optimization. A cBot will now continue running even if an unhandled irregularity occurs. Additionally, algo developers can now handle such errors using a new “OnException” method in Automate API.Users can now choose the…
The Group accomplished strong trading momentum through FY 2022, with total revenue for the year ended 31 December 2022 of approximately £4.8 million. This momentum increased in Q1 2023 beating management’s expectations with unaudited revenue expected to be approximately £1.95 million versus £0.95 million for the same period last year. This better-than-expected performance reflects growth across the Group’s business and the progress being made as a result of the increased focus on revenue generation with the sales team that was introduced at the end of last year and an expanding partnership network. Furthermore, the Group achieved its first, unaudited, quarter…
The Group’s marketing initiatives intrinsic the second phase of its major bespoke global advertising campaign, featuring actor Kiefer Sutherland, to build brand awareness in key strategic markets. This second phase, international, multi-channel advertising campaign commenced in Q1 2023 and involved on the launch of ‘+Insights’, Plus500’s proprietary big-data, analytical tool designed to provide OTC customers with access to real-time and historical trends, based on Plus500’s registered customer base of more than 24 million registered customers. ARPU increased significantly in Q1 2023 to a level of $1,517 (Q4 2022: $968), and Active Customer levels remained consistent with previous periods. Average user…
Interactive negotiators Group ended the first fourth of 2023 with reconcile earnings of $1.35 per share, which missed the consensus market estimate by about $0.06. However, the figure jumped from the previous quarter’s $1.30 per share and $0.82 in the first quarter of the previous year. The latest reported diluted earnings per share came in at $1.42 compared to $0.74 in the previous year and $1.31 per share in the fourth quarter of 2022. The brokerage reported $761 million as pre-tax income, while the adjusted figure reached $720 million. The pre-tax profit margin improved to 72 percent on reported figures…
ATFX, an online forex and CFD bonus firm, has appointed Gonzalo Canete, a former administration at Swissquote, as its Global Chief Market Strategist. Canete joins ATFX after almost 10 years at Swissquote and brings nearly two decades of experience to the new role. Canete proclaimed his new designation through LinkedIn on Monday. Before his departure from Swissquote, Canete served for over five years as the Head of Desk and Associate Director. In addition, he served the Switzerland-based forex and CFDs brokerage firm as the Senior Business Manager and Head of Education. In April 2010, the administrative assumed the role of…
FNG had educated via regulatory filings made in Germany that Retail FX and CFDs brokerage firm Naga Group AG is organizing to raise USD $8.2 million in new capital in the coming days, via a private offering of convertible bonds. NAGA apparently already has a contribution commitment from a major investor. We expect the company to make a formal announcement shortly. The convertible bonds will carry a coupon of 11% and have a term of 6 months, from April 28, 2023 to October 30, 2023. The bonds will be convertible by the holder into NAGA Group shares at a conversion…
Kohle Capital emporium, which operates a forex and arrangement for differences brokerage scaffoldingwith a Mauritius license, has rebranded itself to KCM Trade. The rebranding is a strategic move as the broker highlighted its ambitions to expand its global existence. Our new brand specification is a reflection of our commitment to delivering world-class financial convocation to our clients. We are confident that this rebranding effort will help us better serve our clients, enhance our market presence, and reinforce our position as a leader in the industry,” said the Group CEO of KCM Trade, Ryan Tsui, who joined the broker last May.…