Plus500 Active Users Rise to 121K as Average Deposits Surge to $6,150
Plus500 Ltd today (Monday) reported a visible growth in the third quarter of 2024, with revenue climbing 11% to $187.3 million and new customer acquisition surging 21% year-over-year. Plus500 Reports…
“Careless Rather Than Deliberate or Reckless” Approach Cost Wise CEO Another +£350K Fine
UK’s Financial Conduct Authority (FCA) has imposed a £350,000 fine on Wise plc CEO Kristo Käärmann for failing to disclose significant tax issues, marking the latest development in a prolonged…
Weekly Summary: ATFX Enters Prop Trading, BRICS Explores Blockchain Payments, and More
ATFX to Launch Prop Trading Services ATFX, a popular forex and contracts for differences (CFDs) broker plans to launch prop trading services, Finance Magnates learned exclusively. The broker noted that…
Credit Agricole Takes Part in “Banking Conspiracy,” Cinkciarz.pl Claims
Polish currency exchange platform Cinkciarz.pl has intensified its legal offensive against major banks, announcing plans to sue Credit Agricole’s Polish unit for 1 billion zlotys ($250 million), marking the latest…
Cyprus Watchdog Slaps Money App Plum with €30K Penalty
The Cyprus Securities and Exchange Commission (CySEC) has imposed a €30,000 fine on smart money management app Plum for multiple violations of “prudential requirements.” CySEC Cracks Down on Plum Money…
NYSE Proposes 22 Hour Trading on Arca Equities Exchange During Weekdays
The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial…
BUX Enables Retail IPO Access in Belgium, Netherlands with PrimaryBid
BUX, a company under ABN AMRO Bank N.V., is the first pan-European partner to adopt PrimaryBid’s capital markets platform, expanding retail investors’ opportunities in Belgium and the Netherlands. This development…
BDSwiss’ B2B Unit Viverno Has Its CySEC Licence Suspended
The Cyprus Securities and Exchange Commission (CySEC) has “suspended in whole” the licence of Viverno Markets Ltd, previously known as BDSwiss Holding Ltd. Under the Viverno brand, the company provided…
UP Fintech Completes American Depositary Shares Offering, Eyes Global Expansion
UP Fintech Holding Limited finalized its follow-on public offering, securing significant capital to expand its operations. The funds raised through the sale of American Depositary Shares (ADS) aim to boost…
Prop Firm TradersYard Shifts Focus from Social Network to Trading Challenges
Prop trading firm TradersYard is is moving away from its initial idea of creating a social network for traders, the company announced on LinkedIn. This decision is reportedly due to…
