Saxo Bank, a leading online trading services provider, announced on Thursday that it automated its MetaTrader 4 (MT4) onboarding processes and had reduced the minimum deposit threshold. According to the press release shared with Finance Magnates, the minimum deposit is now GBP 3,000, which is down compared to the previous […]

Conotoxia Holdings, an operator of Cinkciarz.pl and a few other Conotoxia brands, has announced on Monday the launch of its official branch in Poland as part of its European expansion. According to the press release shared with Finance Magnates, clients from the company can have access now to Polish-speaking representatives […]

FXCM, a leading global provider of online foreign exchange (FX) trading, CFD trading, cryptocurrencies and related services, announced today that the company has expanded its CFD offering significantly to meet the growing demand. According to an official announcement shared with Finance Magnates, FXCM has enhanced its French, German and UK […]

A major operator of multiple forex and CFDs brands based out of Cyprus has completely shuttered all its marketing efforts as of Wednesday, multiple sources have confirmed to Finance Magnates. At the time of publishing. the reasons behind the move are still unknown. Also, it is unclear whether this is a […]

TradeZero, a US and Bahamas-based broker-dealer, announced on Tuesday that it has entered into a definitive agreement for a merger with the blank check company, Dune Acquisition Corporation. This will allow the trading platform to become a publicly listed company. At the closure of the merger deal, the combined entity […]

XTB, a Poland-listed forex and CFDs broker, has launched regulated services for clients in the Middle Eastern and North African (MENA) region after its local subsidiary received a license in Dubai. According to the press release shared with Finance Magnates, XTB MENA Limited is offering clients in the region trading services […]

New Zealand’s Financial Markets Authority (FMA) has issued a censure order against Auckland-based Firma Foreign Exchange Corporation (NZ) Limited for multiple violations as a regulated derivatives issuer. According to Monday’s regulatory announcement, Firma NZ failed to conduct product suitability tests for clients and repeatedly failed to meet the obligatory tangible […]

CMC Markets plc (LSE: CMCX) published a pre-close trading update for the first six months, from April through September, of the fiscal year 2022. The brokerage is expecting to generate a net operating income of approximately £126 million. This came only a month after the London-headquartered global broker lowered its […]

Key Takeaways Bitcoin heads north after breaching the psychological $50,000 barrier. Further buying pressure could push prices toward $52,000. A decisive close above $54,500 could pave the way for $100,000. The pioneer cryptocurrency looks unstoppable as it continues to trend upwards. Even though Bitcoin faces a stiff resistance level ahead, […]

The new Design and Distribution Obligations rules in the Australian financial services market came into effect on October 5, mandating product issuers and distributors to place consumers at the center of product and distribution. The Australian Securities and Exchange Commission (ASIC) first issued guidelines on the design and distribution obligations […]