Italy’s Cosob Blacklists 5 Illegal FX/CFDs Brokers
Italian financial market supervisor, Consob, has blacklisted five additional websites offering financial services without any authorization in the country. Announced on Thursday, these websites are either illegal or outright fraud. The five new names added to the long list of Consob’s blacklisted websites are Bright Group LLC, BrokerCreditServiceLtd.net (impersonating a legitimate platform), Unico Aust Pty […]
Interactive Brokers’ DARTs Jump 14% in January as Client Accounts Grow
Interactive Brokers, an American online broker, published its brokerage metric for January 2023 on Wednesday, reporting a 14% month-over-month (MoM) increase in its Daily Average Revenue Trades (DARTs) which reached 1.988 million. Year -over-year (YoY), however, the broker’s DARTs decreased by 24% last month. Furthermore, the broker, which defined its DARTs as customer orders divided […]
ASIC Drafts Reporting Rules for Foreign Brokers
The Australian Securities and Investments Commission (ASIC) is moving towards tightening rules for foreign financial services companies with Australian operations. From October 2024, foreign brokers dealing with Australian retail clients will likely have to report their local transactions to the Aussie regulator. ASIC ASIC The Australian Securities and Investments Commission (ASIC) is the prime regulator […]
Compensation Sought by FX Traders from Brokers Drops 3% to $3.3M in Q4
The total compensation sought by online forex brokers from all brokerages declined slightly to $3.3 million during the fourth quarter of 2022, down from $3.5 million in the prior quarter. Similarly, the compensation awarded to traders dropped by 23% to $60,919 during the past quarter. On the contrary, the compensation sought from member brokers of […]
Interactive Brokers Ends Q4 2022 with Record Profits
Interactive Brokers Group (Nasdaq: IBKR) ended the quarter between October and December with earnings of $1.31 per share, making it the company’s best three months in terms of quarterly profits. The adjusted figure at $1.30 per share is much higher than the market expectation of $1.16 per share. The American online broker reported that net […]
Tools for Brokers Partners with Options Technology
Tools for Brokers (TFB), a provider of technologies in the trading industry, has partnered with Options Technology, an IT infrastructure provider to capital market companies, to offer retail brokers seamless streaming of the market data. According to the press release, Options provides trading firms with access to a wide range of assets along with hardware […]
SVG Gives FX Brokers until March 10 to Show License
The Financial Services Authority of the Saint Vincent and the Grenadines (SVG) has asked existing forex brokers registered in the Island country to produce a certified copy of the requisite licenses from the jurisdictions or authorities from which their business activities are conducted. The non-bank financial services regulator also now requires prospective forex brokers that […]
Top Forex Brokers in Australia
The Australian retail trading landscape couldn’t be more diverse, which makes finding the top forex broker in Australia a hard endeavor. Thankfully, Australia is blessed by a wide range of brokers and a mature industry that caters to a growing base of investors. Australia itself is well known for brokers and retail investing, which is […]