Broker News

OANDA Appoints New Chief Product Officer, Seeks Tighter Spreads

OANDA Appoints New Chief Product Officer, Seeks Tighter Spreads

US-based OANDA, which operates a forex and CFD trading platform, announced on Tuesday the appointment of Kurt vom Scheidt as Chief Product Officer in its London office.... Read more.

Dukascopy Extends List of Tokens in Dukascash Family

Dukascopy Extends List of Tokens in Dukascash Family

Swiss-based foreign exchange bank Dukascopy is expanding the ecosystem of its recently launched stablecoin project called Dukacash. The coin was initi... Read more.

Plus500’s Q2 Revenue Jumps 74%, Stock Price Surges 11%

Plus500’s Q2 Revenue Jumps 74%, Stock Price Surges 11%

Israeli trading platform operator Plus500 released its financial results for the second quarter, saying that revenue increased based on new customers.... Read more.

XM to Migrate Accounts to New Platform Trading.com

XM to Migrate Accounts to New Platform Trading.com

Trading Point Group, which operates forex and CFD broker XM, plans to move the trading accounts of its clients to Trading.com, a new platform that is ... Read more.

IC Markets Gives up on Migrating Non-Australian Accounts

IC Markets Gives up on Migrating Non-Australian Accounts

IC Markets, the largest forex and CFD broker in Australia, gave up its earlier decision to migrate the trading accounts of overseas clients. Last week... Read more.

Forex Broker Argentex Eyes IPO on £120M Valuation

Forex Broker Argentex Eyes IPO on £120M Valuation

Argentex, a London-based foreign exchange (forex) broker aimed at institutional clients and high-net-worth individuals (HNWIs), announced on Thursday ... Read more.

Citi Merges Two Forex Units Amid Major Restructuring

Citi Merges Two Forex Units Amid Major Restructuring

US-based banking giant Citigroup intends to merge two of its key units in sales and trading, according to an internal memo seen by Business Insider. T... Read more.

CLS Group, Saxo Bank Saw Weak FX Trading Volumes in May

CLS Group, Saxo Bank Saw Weak FX Trading Volumes in May

On Monday, Danish Saxo Bank and US-based CLS Group reported weak Forex trading volumes in May, which slightly contradicts the general trend. Other bro... Read more.

FX & CFD Broker FXCM UK Records £5M Loss in 2018

FX & CFD Broker FXCM UK Records £5M Loss in 2018

Forex and contracts-for-difference (CFD) broker Forex Capital Markets Limited (FXCM) lost more than 5 million pounds last year in the UK alone, accord... Read more.

FX Settler CLS Group Appoints New CEO

FX Settler CLS Group Appoints New CEO

US-based CLS Group, a company that offers risk mitigation and settlement services for Forex dealers and firms, announced on Wednesday that it had name... Read more.

Dukascopy Performed Poorly in 2018

Dukascopy Performed Poorly in 2018

Swiss-based retail Forex broker Dukascopy published its financial results for 2018. According to the report, the company recorded lower revenue as it ... Read more.

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