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Our industry news and analysis covers product and corporate updates from investing, trading and currency transfer providers. We also analyse significant market movements in the most popular UK shares, US stocks, commodities, indices, and currency pairs. It is designed to help you make more informed decisions about what to invest in, what to trade and when to execute currency transactions.


Goodfolio closes down it’s investment platform

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

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What is esg investing

Is ESG investing falling out of favour with UK investors?

US broker Charles Schwab has published the results of an online survey, it conducted among 1000 UK investors. The survey found that the appeal of companies with strong ESG credentials among UK Investors had fallen by -7.0% since February 2021. Amid the ongoing cost of living crisis, almost 70% of investors prioritised maximising their returns

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XTB Conor McGregor

XTB, kicking and punching it’s way to $1bn

XTB, with a little help from major sponsorship and partnership deals with fighters like Conor McGregor, and football manager Jose Mourinho XTB is now worth over $1bn. Jakub Zablocki taking profit The Co-founder of XTB Poland’s billion dollar broker announces his intention to sell 6.0% of the compnay. The main shareholder of Polish margin trading

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Degiro stops onboarding new clients in the UK

Degiro UK the UK subsidiary of Pan-European low-cost stock broker FlatexDegiro has stopped onboarding new client accounts at least temporarily. The broker wrote to its marketing affiliates and partners today to say that it was pausing UK acquisition campaigns and client onboarding for regulatory reasons, without saying what they might be. In its brief communication

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Saxo Markets Review

Saxo Bank receives a BBB investment grade rating from S&P

Danish-based broker Saxo Bank has received a coveted BBB credit rating from S&P. The bank which can trace its roots back more than 25 years, is also on the cusp of being recognised as a Systematically Important Financial Institution, or SIFI, in its home state, by the Danish Financial Supervisory Authority, the FSA. S&P BBB

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Wise announces increased fees and charges

Money transfer and payments app Wise is increasing some of its charges and fees. The company prides itself on its low-cost approach to the conversion and transfer of foreign currencies. Despite that, it’s raising the fees associated with payment and conversions in Euros and Great British Pounds. When will the fees apply and how much is

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Primary Bid re-launches a desktop version of its app

PrimaryBid the fintech that aims to make new issues and placings accessible to retail traders and investors have launched a desktop version of its mobile App. PrimaryBid, which can trace its roots back to 2016, has, until now, only been available as an App on mobile devices and not on desktop computers. But from this

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Plus 500 (LON:PLUS)

Plus500 revenue and customers numbers up, again…

Plus500 the Israeli-based but London-listed margin trading broker has posted its Q1 2023 trading update, which looks impressive in terms of revenue growth, new customer numbers and average revenue per user. Customers and revenue increase Plus500 reported that it has grown revenues by 64%, when compared to the final quarter of 2022, the firm generated

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InvestEngine raises another £2m via Crowdcube valued at £27m

ETF-focused Fintech InvestEngine has closed another successful crowdfunding round on Crowdcube, with the commission-free investment platform picking up almost £2.0 million in new funds. InvestEngine valued at nearly £30m InvestEngine had targeted £1.25 million from its latest crowdfunding round, which was managed by Crowdcube, however, it comfortably surpassed that figure and raised £1.94 million. This

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Twitter NYSE

eToro charts it’s way to the top of Twitter

eToro has partnered with one of the most high-profile businesses on the planet, Twitter, which of course is now owned by one of the world’s richest men, Elon Musk.  The joint venture between the two companies has been marketed as a way for Twitter users to trade stocks, Cryptocurrencies and other assets via the eToro

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WiseAlpha raises another £1m via crowdfunding site Seedrs

WiseAlpha, a fintech startup dedicated to fractional bond trading and ownership has announced a new fundraising round, via the crowdfunding platform Seedrs. Unlike equities bond markets are not easily accessible to retail investors. Bonds are often denominated in units of 100,000 dollars, pounds or euros and bond issuers have traditionally focused on institutional investors, rarely

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