Broker News

Interactive Brokers published key user information for December 2021. The report revealed a 20 percent decline in Daily Average Revenue Trades (DARTs) versus the previous month. In total, approximately 2.3 million DARTs were completed on the trading platform, representing a 3 percent drop compared to December 2020. Key Metrics But it wasn’t all bad news […]

In a report to the US Securities and Exchange Commission (SEC) this week, eToro revealed it was expecting an excellent finish to Q4. The broker is anticipating a 33% jump in commission revenue, bringing the quarter total to between $285 million and $295 million. The company also onboarded an impressive 2.1 million users in the […]

Axiory has introduced a new social trading app – CopyTrade. The service enables account holders to mirror the strategies and positions of Master Traders. This is a great way for those new to the financial markets to learn from experienced traders. Advanced traders can also use the service to generate a secondary revenue stream. Social […]

Top-rated broker City Index has signed a three-year sponsorship deal with the Sydney Roosters, securing its position as a Platinum Partner. The move will help bolster its brand exposure in the country where it holds a license with the Australian Securities and Investments Commission (ASIC). Aussie Rugby Partnership The deal will see the retail trading […]

FCA-regulated eToro has launched its Money program which includes the distribution of VISA debit cards. The new payment system will facilitate instant deposits and withdrawals for holders of the broker’s investment account. The solution also enables the straightforward storage and management of fiat and crypto funds in the same place. Hassle-Free Payments The eToro Money […]

Sheer Markets has taken a leap onto the global trading scene by obtaining a regulatory licence from the Labuan Financial Services Authority (LFSA). While the broker is already regulated by the Cyprus Securities and Exchange Commission (CySEC), which covers traders located in the European Union, it has not previously been able to extend its services […]

IG Group has agreed to sell its holdings in the North American Derivatives Exchange, Inc (NADEX) and Small Exchange, Inc to Crypto.com. The broker’s shareholdings in the two companies are worth approximately $216 million, with IG owning Nadex and holding 39% of Small Exchange. “The Deal Allows Us To Sharpen Our Focus” The London-based and […]

The Netherlands-based online broker is offering commission-free stock trading from the 22nd November 2021. Clients can also trade ETFs in major European markets with zero commissions. The latest rates are available to all European traders. Read on for a breakdown of DEGIRO’s new pricing structure. DEGIRO Cuts Trading Fees Commission-free trading is now available across […]

HSBC Singapore is partnering with Saxo Bank to bolster its online trading platform for retail banking customers. The integration will help HSBC provide a seamless, user-friendly experience for its local and overseas consumers. The news comes as Saxo announced a 24 percent increase in client onboarding at its Singapore entity in the first half of […]

London Stock Exchange-listed CMC Markets (LON: CMCX) is debating splitting into two entities. Discussions are still in the early stages, but the Board is considering the respective benefits and risks before making a final decision. Read on for the details. Seperation Plans The move, should it go ahead, will see the company create a leveraged […]