Broker News

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 […]

The FTSE 250-listed brokerage has completed a debt refinancing exercise to support its long-term funding structure. The IG Group issued £300 million in senior notes bonds, rated BBB by Fitch Ratings, that will be due in 2028. The move will enable the company to continue its global expansion, following the acquisition of tastytrade earlier this […]

With clients increasingly looking for a slick user experience, OANDA has partnered with CONVRS to allow customer onboarding through leading messaging platforms. Prospective traders will be able to open demo accounts directly from their mobile devices through the likes of WhatsApp. New Onboarding Solutions OANDA’s integration with CONVRS, a tailored customer engagement platform, will make […]

The ASIC and FCA-regulated broker recently announced the launch of its copy trading platform. Available to Axi customers via a downloadable platform or mobile app, the software lets users mirror the strategies of successful investors. Read on for the latest details. Copy Trading Platform Developed in conjunction with Pelican Trading, the new platform offers access to […]

On November 3rd, 2021, Robinhood suffered a serious security incident that saw a third-party gain access to the personal data of customers. Whilst an investigation is underway and the relevant authorities are involved, the breach is the latest in a series of events that have done little for the broker’s reputation. Seven Million Customers Affected […]