Brokerage News & Updates

Capital.com has published data and insights on its CFD turnover, which reveal that the regional banking crisis, seen in the first quarter of 2023, drew retail traders into the CFD market. Banks down, brokers up… Capital.com publishes quarterly trading highlights and other information in the Pulse report. The latest release of which shows that CFDs

CMC Invest, the recently launched investing and savings platform owned by CMC Markets, has added the ability to set your ESG preferences, analyst recommendations, alongside expert opinions on individual stocks, more fundamental data and analysis, as well as increased in the number of assets that can be accessed via their investment app. ESG preferences CMC

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

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

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

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

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

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

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

Andy Bell, the founder of the investment platform AJ Bell, has warned investors about the future of unprofitable Fintech firms. His comments come hard on the heels of news that environmental wealth manager Clim8 is shuttering, and that impact investing platform Tulipshare is closing its brokerage arm. A lack of profits and an inability to

Fintech start-up Tulipshare wants to shake up the boardrooms of some of the world’s largest companies, by bringing activist investors together and using their combined voices to lobby for lasting and meaningful change in business practices. Who are Tulipshare and what do they stand for? North London-based Tulipshare, which is an appointed rep of FCA-regulated

Hargreaves Lansdown, one of the UK’s largest brokers and direct-to-consumer investing platforms,  has removed fees for investors who invest regularly via direct debit and reinvest their dividend payments. Reducing direct debit and dividend reinvestment fees As of Tuesday, April 11th customers who invest regularly via direct debit payments to Hargreaves Lansdown, will no longer be

IG Group is buying The Small Exchange, a futures exchange in which IG previously held a stake from Foris Dax Markets Inc, the parent of Crypto.com. IG disposed of its interest at the same time that it announced its intention to acquire US-based options broker and educator, Tastytrade. A deal that concluded in July 2022.

Clim8, the investment platform that aimed to have a positive impact on climate change by channelling money away from fossil fuel investment and into clean, green energy and sustainable companies, has announced it is closing and will shutter for good on May 30th. In a message to clients, Clim8 said: “It is with deep sadness

The European super-regulator ESMA, or European Securities and Markets Authority, has ruled that fractional share trading is a form of derivatives trading, and is not vanilla equity trading. In ESMA’s view, fractional trading should be subject to the same marketing, promotion and suitability rules for retail clients, as CFDs and other OTC derivative contracts. So

IG Group has enhanced its refer-a-friend promotion and is now offering a £50 reward to customers who introduce friends to their stocks and share ISA accounts. ISA accounts allow savers to invest up to £20,000 per annum in a government-approved tax-free wrapper. The 2023 ISA deadline is the end of the tax year, 5th April

Social and CFD broker eToro has upgraded its charting and technical analysis tools in partnership with TradingView. eToro introduces advanced charting and analysis tools and adds TradingView its platform eToro users will now be able to access a package of advanced charting and analysis tools, provided by TradingView, on the eToro platform. These tools include

The LSE has created and launched a new, accessible data portal through which traders and analysts, and any other interested parties, can purchase unique LSE data sets or license LSE data products, via a dedicated website. Market data is an increasingly important and valuable resource The LSE Group moved beyond being just an exchange operator