Author: Chief Editor

Interactive Brokers Group reports strong Q1 2024 results, with revenue growth and an increase in earnings per share. The company announces a significant dividend increase, reflecting its confidence in its financial performance. Interactive Brokers Group Inc. see a major hike in 2024 with a solid first quarter, reporting a healthy increase in revenue. Earnings per share saw a boost, coming in at $1.61 (or $1.64 adjusted) compared to $1.42/$1.35 in the same period last year. The bright numbers were fueled by a combination of factors. Option trading volume surged 24%, and rising interest rates lifted net interest income by a…

Saxo Bank, a leading online trading platform, is actively exploring a potential sale and has enlisted investment bankers to assist with the process. The company, potentially valued at €1.5 to €2 billion, could pursue a full sale or opt for selling a minority stake. Copenhagen-based online trading specialist Saxo Bank is making moves towards a potential sale. Sources indicate the company has reached out to several investment banks to help facilitate the process. While a sale could be finalized later this year, market conditions could potentially affect the timeline. The estimated value of Saxo Bank rests between €1.5 and €2…

FxPro team demonstrates strong performance at the Limassol Marathon Corporate Race, highlighting their competitive spirit. FxPro, a leading global online broker, is celebrating the success of its team at the recent 5km Corporate Race held during the Limassol Marathon. The team demonstrated impressive performance and showcased the company’s dedication to pushing boundaries – both in the trading world and on the running track. FxPro, founded in 2006, has earned a strong reputation with over 90 international awards. They offer Contracts for Difference (CFDs) and Spread Betting on various asset classes to clients worldwide. The company’s commitment to excellence is evident…

MultiBank Group offers free trading seminar led by Chief Market Analyst Yazan Shakfeh MSc. Seminar aims to help traders develop pro-level skills, winning strategies, and market confidence. MultiBank Group, a leading global financial derivatives company, is hosting a free seminar designed to help traders take their skills to the next level. The seminar will feature Yazan Shakfeh MSc., Chief Market Analyst at MultiBank Group, who will share expert insights and strategies for success. Attendees will have the opportunity to develop the skills needed to become proficient traders, build winning strategies, and increase their confidence in market decisions. Established in 2005,…

Plus500 reports increased revenue and profits in the first quarter of 2024, exceeding expectations. Plus500, a popular online trading platform, had a fantastic start to 2024! Their revenue and profits both increased compared to the same period last year. This success is due to a few key factors: More Customers: Plus500 welcomed 13% more new customers than last year. Loyal Customers: Existing customers increased their average deposits by a significant 27%. This shows trust in Plus500’s platform. Successful Investments: The company continues to invest in expanding its products, services, and reach into new markets. David Zruia, Plus500’s CEO, commented: “We’re thrilled with these…

CFI launches a massive financial education campaign across seven countries, demonstrating logistical expertise and commitment to accessible knowledge. Four seminars will be held simultaneously in different countries, highlighting CFI’s network strength and innovative approach to education. CFI, a top online trading broker, is breaking ground with a huge new educational program. From April 23rd to 30th, they’ll host seminars in seven different countries! What’s even more impressive is that four of these seminars will happen on the exact same day in Qatar, Bahrain, Kuwait, and Oman. This shows how well-organized and connected CFI is across the region. But it doesn’t…

XTX Markets is building a massive data center in Finland for cost-efficiency. Finland’s affordable energy and cool climate attract XTX Markets, making it a prime data center location. Online trading giant XTX Markets is breaking the mold by building a massive data center in Finland. This move bucks the trend of outsourcing IT needs to Silicon Valley tech giants. The company cites affordable energy and a naturally cool climate as reasons for choosing the Nordic location. Initially, the data center will boast 22.5MW capacity, with plans to scale up to a whopping 250MW. Finland’s lower energy costs and reduced need…

Philippines SEC issues official warnings against unlicensed operation of eToro and XM trading platforms within the country. Promoters of these platforms in the Philippines could face severe penalties, including hefty fines and jail time. The Philippines Securities and Exchange Commission (SEC) warns investors against popular trading platforms eToro and XM, stating they operate without proper licenses within the country. Despite their global presence, the SEC emphasizes that these platforms cannot legally offer securities or investments to Filipino citizens. The SEC highlights their aggressive social media campaigns targeting Filipinos. It stresses the need for caution when dealing with any unregistered investment…

Axi renews its partnership with the popular Brazilian football club Esporte Clube Bahia, extending their successful collaboration. Axi’s commitment to sports sponsorship grows, highlighting their partnerships with major football clubs like Manchester City FC and Girona FC. Popular trading platform Axi has renewed its partnership with the popular Brazilian football club Esporte Clube Bahia. This extends their successful collaboration that began in 2023. Founded in 1931, Bahia is a dominant force in Brazil’s top league, with numerous titles to its name. Axi’s Hannah Hill expressed enthusiasm for the renewal, citing positive fan response and a desire to connect the worlds of…

IC Markets CEO Andrew Budzinski becomes UAE resident, after residing in Cyprus and acquiring citizenship through its golden visa program. Dubai’s growing appeal for FX/CFD industry: CMC Connect, Plus500, and eToro have set up offices or obtained regulatory licenses in the region, citing tax advantages and strategic location. IC Markets founder and CEO Andrew Budzinski has transitioned to become a UAE resident. Budzinski, originally from Australia, was previously residing in Cyprus and seems to have acquired citizenship through the country’s golden visa program. Dubai has emerged as an appealing location for the FX/CFD industry, attracting various companies like CMC Connect,…