Brokerage News & Updates

Polish CFD broker XTB has boosted its multi-asset credentials by introducing Real Stocks, a new service that allows its customers to trade more than 3000 physical equities and ETFs from an XTB UK account. Investing as an add-on to trading XTB UK customers can now trade physical stocks alongside CFDs and margin FX products. As

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

Capital.com has reduced the fees it charges for using guaranteed stop losses (GSL), giving clients a cheaper way to protect their positions from large market gaps. GSL spreads have been narrowed across four separate asset classes, Forex, Equity Indices, Commodities and individual stocks and shares. Guaranteed stop-loss premiums The fees or premiums charged for GSLs

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

Capital.com adds level-two data to its trading platform and publishes research on its client’s trading performance. The fast-growing CFD broker adding a new feature to its trading platform, that will allow users to see the average price of an execution before they submit their order. Average Execution Pricing The new feature is part of a

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

Wealth manager Moneyfarm is expanding its offering with the introduction of a share trading service. The money manager’s Co-founder and CEO, Giovanni Daprà, took to LinkedIn to announce the launch of the new service, which will initially be rolled out to UK customers, as part of a phased deployment to the entire Moneyfarm customer base.

Hargreaves Lansdown has cut the cost of its JISA (Junior ISA) and LISA (Lifetime ISA) accounts. This is good news as Hargreaves Lansdown is generally acknowledged to be not only the largest provider of direct-to-consumer investment services but also the most expensive. Hargreaves Lansdown Removes Junior ISA Fees The Junior ISA is aimed at those

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

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

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