Brokerage News & Updates

CMC Markets has introduced open banking payments in partnership with TrueLayer, a well-established FCA-regulated open banking services provider as an option for clients to deposit funds on account. By using open banking payments clients can quickly transfer funds without needing to remember passwords and bank account details instead they can simply use biometric data like

The UK Govt has decided not to pursue recommendations that would have treated retail trading in cryptocurrencies in the same way as gambling. The highly influential House of Commons Treasury Committee had called for the move in a report it published in mid-May. What was the UK Government’s response to the Treasury Committee? The Government

Fintech payments and invoicing platform, HedgeFlows, are partnering with Travelex in the launch of a secure pre-order exchange rate service aimed at travellers and tourists. HedgeFlows and Travelex HedgeFlows is partnering with Travelex to launch a secure exchange rate product, enabling UK holidaymakers and other travellers to secure FX conversion rates ahead of their journey,

Interactive Investor, the popular investment and savings platform, now owned by fund managers Abrdn, has launched shareholder voting in the latest version of its investing app. In-app shareholder voting Interactive Investor has added shareholder voting to its investing app. The new feature means eligible shareholders will now be able to vote, via the app, at

Spain’s financial regulator CNMV has tightened the regulations around the marketing of CFD trading platforms to retail customers, effectively banning the practice in the country. CNMV CFD Restrictions CNMV or the Comisión Nacional del Mercado de Valores, which regulates financial markets in Spain, has issued new rules which prohibit the marketing of CFDs to retail

Interactive Brokers, the US-based multi-asset brokerage that has operations across Europe and Asia, has launched a new securities lending dashboard that will allow investors to access stock loan and short selling data. Stock lending analytics The securities lending dashboard provides sophisticated individual investors and institutional clients with an overview of the securities lending market. Clients

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

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

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

Plus500 has taken advantage of Crispin Odey’s departure to buy back 8.2% of their shares. The Israeli-based but London-listed CFD broker, has been able to purchase a significant block of its own stock, from a fund manager, at a discount to yesterday’s closing price. The transaction was made in addition to Plus500’s ongoing share buy-back

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

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

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

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

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

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