Read news about investment accounts and trading providers. Our news covers fintech developments within the investment industry so investors and traders can make more of their money.
CMC Invest, the share trading and investment app owned by CMC Markets is now paying interest on unencumbered cash balances held in client accounts. 2% interest on cash balances CMC Invest will pay interest at a rate of 2.00 % gross per annum on the client’s uninvested cash, the interest payments will be available across […]
CMC Invest introduces 2% interest on cash balances Read More »
Freetrade the commission-free share investing app has undergone a dramatic cut in its valuation as it seeks to raise new cash through crowdfunding and is now valued at just £225 million. Freetrade has reduced its valuation ahead of a new crowdfunding campaign. In November 2021 the free share dealing service was valued at £650 million
Freetrade’s valuation is cut by more than 60% from £650m to £225m Read More »
Interactive Brokers, the US-based online investment platform, with operations in Europe and Asia has added two new European exchanges to its list of trading venues, with the addition of Nasdaq Copenhagen and the Prague Stock Exchange. IBKR has made trading on Nasdaq Copenhagen and the Prague Stock Exchange available to its clients in over 200
Interactive Brokers adds trading on Nasdaq Copenhagen and the Prague Stock Exchange Read More »
CMC Markets the margin trading and multi-asset investing platform, has taken another step towards its goal of becoming a diversified Fintech, by acquiring a 33% stake in Strikex Technologies, a customer-focused blockchain solutions business. CMC Markets has acquired a 33.0% stake in StrikeX, however, neither company has disclosed any financial details about the transaction. Though
CMC Markets invests in StrikeX to access blockchain solutions Read More »
Now that they have been bought by the Americans, GoHenry has announced a price rise for its subscribers, who will now have to pay 33% more each month to use the pocket money app’s pre-paid debit card. 33% price increase GoHenry, the savings and debit card app focused on children and teenagers, has announced an
Post acquisition price increase for GoHenry users Read More »
New regulations from the FCA are going to give first-time crypto investors the opportunity to change their minds with a cooling-off period after opening an account. The FCA is also forcing firms that advertise or promote digital assets, to ensure the advertisements are fit for purpose. A 24-hour cooling-off period for new crypto investors The
FCA introduces crypto cooling off period and tighter ads restrictions Read More »
Interactive Investor, the low-cost investing platform now owned by fund manager Abrdn, has introduced a new currency conversion service to its app. II clients can now convert GBP into foreign currencies or vice versa and receive their sales proceeds, dividends or coupon payments from overseas holdings in those currencies. This is good news because it
Interactive Investor gives customers more control over FX fees Read More »
Fresh from winning best trading app in our 2023 awards Capital.com has improved functionality further by personalising their client’s trading experience through the introduction of dynamic widgets and adding VWAP indictors. Dynamic widgets Capital.com’s customers can now benefit from a personalised home screen on their trading platform, using a series of tools or widgets, to
Capital.com adds dynamic widgets and VWAP indicators Read More »
ESG equity funds, which prioritize companies adhering to environmental, social, or governance criteria, experienced a significant outflow of funds in May with net flows of minus £304 million. The appeal of ESG investing has been a powerful tool for the funds industry, attracting substantial inflows in recent years. In 2022, ESG-badged funds received a net
Another blow for ethical investors as ESG withdrawals continue Read More »
Impact investing platform Goodfolio has written to its clients to tell them that it is closing down and that clients must sell out of their investment and transfer their funds, away from the platform within 30 days. ESG fails to gain traction Goodfolio says that it has been unable to attract sufficient business to the
Goodfolio closes down it’s investment platform Read More »
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