US Dollar Dives: Fed Cuts Spark $4B Yen Carry Trade Shakeup
Two weeks ago, the Federal Reserve (Fed) began a widely anticipated cycle of interest rate cuts. As a result, the US dollar exchange rate fell to its lowest level since…
Saxo Expands Offerings for “Buy-and-Hold Investors”: Launches SaxoInvestor in the UK
The UK unit of Denmark-headquartered Saxo Bank today (Wednesday) announced the launch of SaxoInvestor, an investment platform targeted at “buy-and-hold and active investors” in the country. SaxoInvestor Launches According to…
Tools for Brokers Bets on Dubai with New Office Launch
Tools for Brokers (TFB), a technology provider for the financial services industry, has announced the opening of a new representative office in Dubai. With this step, the company wants to…
The Future of Digital Payment Trends Heading into 2025
The world continues to embrace digitalization across multiple industries, with the financial sector being no exception heading into 2025. Digital payments, once considered an emerging technology, have now become a…
ASIC’s Final Decision against CFDs Broker Prospero Markets: Cancels License
The Australian Securities and Investments Commission (ASIC) has cancelled the operational license of the now-defunct Prospero Markets, which offered contracts for differences (CFDs) instruments to retail traders. Prospero Markets Lost…
Exclusive: XTB Launches Multi-Currency Card and Retirement Accounts
XTB, the Polish publicly listed fintech company (WSE: XTB), is launching two new products as part of its 2024 expansion strategy, Finance Magnates learned exclusively. The company will introduce a…
Interactive Brokers Achieves 46% Growth in September Daily Average Revenue Trades
Interactive Brokers Group posted impressive trading metrics in September, highlighting a substantial boost in client engagement and financial performance. The company’s monthly report highlights notable increases in Daily Average Revenue…
UK Financial Regulator Warns Against IC Markets Global’s Services
Financial Conduct Authority (FCA) issued a warning regarding IC Markets Global, indicating that the company may be promoting financial services in the UK without proper authorization. FCA’s Warning In a…
Forex Broker Advisory Firm Targets Growth in Southeast Asian Financial Hub
Nine Solution, a consulting company specializing in Forex brokerage setup, has disclosed plans to open a new office at TRX Exchange 106 in Kuala Lumpur. The office is scheduled to…
This Prop Firm Expands into Crypto, Offering Forex and Digital Asset Accounts
In the prop trading industry, Forex (FX) has undeniably been the dominant market, as it’s where retail investors most frequently want to trade. While cryptocurrencies occasionally appear in offerings, they’re…
