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.
The pandemic savings boom is helping online wealth management services such as Moneyfarm scale new heights. Covid-19 has been tough on many people, but for those who stayed in work it has left them with excess savings. The result, as new figures from Moneyfarm suggest, is that that they are looking to make it work
Moneyfarm experiences pandemic bonus with 80% more customers signing up Read More »
Robo-advisor Moneyfarm is lowering the minimum investment for new accounts. Customers can now start investing with just £500 rather than the previous £1,500. The move comes as the investment platform tries to make its investment services open to more customers operating at lower levels. So will this make a big difference? Read our full Moneyfarm
Moneyfarm reduces it’s minimum investment to £500 Read More »
Spread betting broker Spreadex has become Fulham F.C.’s principal partner over the next two seasons and engage in a number of fan and community initiatives. Fans at Craven Cottage will be getting used to the Spreadex logo as the Championship promotion contenders have signed the firm up on a two year deal. The deal, which
Spreadex sponsors Fulham F.C. Read More »
Monecor (London) Ltd the owner and operator of ETX Capital the London based CFD trading and Spread Betting broker, recently published its FY 2020 earnings and the numbers make for interesting reading. They are a testament to the increased activity among retail and professional clients during the initial phase of the pandemic. ETX Capital revenue
ETX Capital posts a big jump in revenues for 2020 Read More »
Forex trading platform, Pepperstone the Melbourne headquartered FX and margin trading broker has announced a substantial reduction in the spread it charges on one of the worlds most actively traded equity indices. The CFD broker which has operations in the UK, Europe the Middle East and Africa will cut its Dax spread by 25.0% reducing
Pepperstone reduces Dax trading costs by 25% Read More »
CFD trading platform CMC Markets announced an unscheduled trading update today that amounted to a profits warning. Management reported what it called subdued activity in July and August which followed on from a reduction in activity during Q1. The firm noted that reduced market volatility had resulted in lower client trading activity and that in
CMC Markets warns on profits as client activity dips Read More »
The last 18 months have been a period of strong growth for investment platforms and businesses within financial services particularly those that meet the needs of retail clients. Or so we thought because, despite headlines about sharply increased online trading activity and thousands of new accounts being opened, that hasn’t translated into increased profitability at
Is Hargreaves Lansdown’s keeping up with the cool kids? Read More »
The UK’s leading retail investment platform, Hargreaves Lansdown reported figures for the full year ending 30th of June 2021 this week, and though the headline numbers looked impressive, as is so often the case the devil was in the detail. HL net new business grew by £8.70 billion and assets under administration, or AUA rose
Hargreaves Lansdown between the rock and the hard place Read More »
Forex trading platform and Spread Betting provider IG Group published full-year figures this morning and as is so often the case with IG the data makes impressive reading. IG net trading revenues rose by +31% over that seen in full-year 2020 to reach £853.40 million And when that figure is adjusted to reflect hedging activities
IG Group posts positive results for the financial year ended 31 May 2021 Read More »
Interactive Brokers, a US-based online brokerage, with roots in derivatives markets has taken steps to make its offering more attractive to its European customers and prospective clients. What has Interactive Brokers changed? The firm, which was founded by Hungarian born Thomas Petterfy in 1978, has operated in the UK and European markets for many years
Interactive Brokers uses Smart technology to lower European trading charges Read More »
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