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.
Hargreaves Lansdown the UK’s largest D2C investment and share trading platform, published interim results for the 6 months until the end of Dec 2021, this morning. Client funds up 17% The earnings release showed net new business of £2.30 billion taking assets under administration to £141.20 billion, a gain of +17.0% over the same period
Hargreaves Lansdown bets on data and ESG, with a human touch Read More »
PrimaryBid, the London Stock Exchange-backed platform that enables people to invest in IPOs and secondary placings, in UK and European shares, have taken a big step towards realising their ambition. PrimaryBid Series C Fundraising from Softbank PrmaryBid has raised $190.0 million in new funding from venture capital backers including SoftBank’s Vision Fund II, Japanese based
PrimaryBid secures $190 million Series-C funding from Softbank Read More »
CMC Markets has launched a new Alpha initiative for active clients and with reduced spreads and perks for high volume traders. What is CMC Markets Alpha? CMC has launched Alpha a sort of members club for traders. Membership comes with a number of benefits that are designed to allow clients, to get more out of
CMC Markets Alpha – what is it and is it worth it? Read More »
One of the leading Trading apps, and would-be Fintech, Capital.com is continuing to recruit and is taking on some well-known names in the industry, to bolster its team, as it does so. Kyp Zoumidou joins Capital.com from IG as UK Managing director The latest executive to join the group is Kypros Zoumidou, a twenty-year financial
US-based stockbroker Interactive Brokers has reinforced its credentials as a low-cost broker this week. What have Interactive Brokers done? The online multi-asset platform recently rationalised its UK and European rate cards by offering flat fee executions on small trades and commissions of just a few basis points on those trades that exceeded a £6000 or
Interactive Brokers reminds us that dealing for free free isnt without costs Read More »
CFD platform and Spread Betting broker Capital.com which is owned and was founded by the Belarussian entrepreneur Viktor Prokopenya, in 2012 grew at quite a pace during 2021. Client numbers at Capital.com rose to an impressive 4.23 million a gain of around +350%. Many forex brokers grew strongly during 2021 as interest in retail trading
Capital.com saw rapid growth in 2021 due to pandemic volatility Read More »
CFD trading platform City Index and Gain Capital owner Stonex posted its Q1 2022 earnings this week and the figures, which covered the 3 months to December 31st, were positively received. What data did the Q 1earnings contain? At a headline level, quarterly revenues rose by +19.0% to $450.50 million whilst net income on the
City Index owner Stonex reports bumper figures that were boosted by CFD and FX trading Read More »
Denmark’s Saxo Bank started the New Year on the front foot and had one of its best months over the last two years. Significant growth in margin trading The margin trading and multi-asset broker saw client activity levels grow by +21.0% month over month to $438.0 billion, a figure that eclipsed the previous high, posted
No dry January for Denmark’s Saxo Bank Read More »
Warsaw-based Forex platform and CFD broker XTB updated investors with its Q4 earnings this week. Positive news in XTB’s Q4 earnings release Operating income for the quarter jumped by +31.2% on a year over year basis and client numbers grew over the quarter by + 42,760. Which represents a growth rate of 11.30%. XTB managed
XTB posts impressive growth in its Q4 earnings release Read More »
IG Group, the UK’s largest margin trading and Spread Betting broker published interim results this week, that covered the 6 months to the 30th of November 2021. IG Revenue up 16% The figures showed a net revenue increase of +16.0% to £471.90 million, which compares to the £408.50 million the company earned in the corresponding
IG active clients up by 42% to 320,400 from Tastytrade aquisition Read More »
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