UK online trading leader IG Group Holdings plc has just announced the launch of IG US, its US-based subsidiary offering foreign exchange (forex) services. Through trading with IG US, clients will be able to trade on over 80 currency pairs with lower spreads vs the top two US forex brokers and zero commission.
IG Group is a UK-based company providing trading in financial derivatives such as contracts for difference and financial spread betting and, as of 2014, stockbroking to retail traders. While the majority of the company's activities are based in the UK, the company has expanded internationally. IG is regulated by the FCA, the UK’s financial authority body. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
A few years ago most brokers shut down their US operations and moved their businesses elsewhere, so it's a good opportunity for the broker to revive US Forex market. The broker has applied for NFA membership, and IG US LLC, got approved by the National Futures Association (NFA) to operate on the US retail forex market in October last year. The broker was approved for all categories – forex dealer member, forex firm, retail foreign exchange dealer, introducing broker and NFA member.
FxPro, a London-based foreign exchange brokerage, has announced about a multi-year partnership agreement with Mclaren F1 Team. Terms of the sponsorship deal were not disclosed, but it was confirmed that FxPro prominent branding will now appear on McLaren cars during all F1 races.The FxPro logo will appear on the MCL33 car from this weekend’s Monaco Grand Prix (24-27 May), highlighting the company as the number one online broker in the world. This partnership means a lot for the FxPro and requires the commitment and high quality performance from both parties.The Chief Executive Officer of the McLaren Racing, Zak Brown in his comments about the deal said that the company is pleased to start the partnership with FxPro, as the world famous broker has proven its ability to perform at the highest level and that both companies always aim to be the best in what they're doing.Also the Chief Marketing Officer of the FxPro, Ilya Holey, said that with the numerous sports sponsorships, it is a part of company's outreach program and the way they do business and McLaren is a perfect partner who also aims for excellence and success. FxPro has a significant sports sponsorship history as a sponsor for AFC Champions League (2011-2012), Formula 1 (2009-2010), Aston Villa F.C. (2011-2012), WRC Rally (2010-2011) and others.
So we start with great news from one of the largest and very popular social trading broker eToro that delivers thousands of opportunities to invest, trade, copy or to be copied.
While eToro itself is a well-regulated, widely known and one
of the biggest social trading communities, there were some cons on its
offering. One of the serious once was a flat fee of 25$ for each withdrawal,
which was quite high and often confusing for many traders.
And now announced eToro reduces fee for withdrawal by as much as 80%. Instead of 25$ now you will be charged a fee of just 5$ for withdrawals.
eToro reduce withdrawal fee
eToro reduces fee
In addition, eToro improves Withdrawal Dashboard and its informative text, where each withdrawal status and relevant links are provided. You may easily now check the breakdown of your payment, verify status, withdrawal fee information, cancel option and other relevant actions for smooth withdrawals. Read more at the source by the link.
So overall, we are also excited to hear great news about cost reduction from eToro payment, and what a great reduction, withdrawal is 5 times less expensive now. This act proves eToro strives to be a “human broker” and constantly strive to be better, so it definitely improves trading conditions for existing clients. And most likely will attract even more world traders to its already large bench.
eToro lower fees
eToro social trading
In fact, eToro is not only an investing platform that gives numerous trading or investment opportunities to global traders. But also offers great access to the assets together with commission-free stocks, competitive pricing and some of the unique portfolios so traders of different levels of experience are most welcome.
Nevertheless, you may read full eToro Review by the link and learn about their general offering in a detail or read other traders comments. Also, check other CySEC regulated brokers for your consideration and remember always to choose the regulated broker for your safe experience.
eToro, the global multi-asset investment platform, has announced its latest sponsorship deal, signing on as a partner with Moto2 team, American Racing KTM. eToro will become an Official Sponsor to the team and its two promising young riders, Iker Lecuona and Joe Roberts for the rest of the 2019 season.
Moto2 is part of the internationally renowned MotoGP World Championship, with races held in nearly 20 locations across the world each year. Races are attended by around 100,000 spectators each round, with an online fan base of up to 100 million viewers per event. As a team sponsor, eToro will gain further exposure for its brand through an extensive range of marketing opportunities, including bike and team clothing branding, hospitality and digital rights.
Yoni Assia, CEO and Co-founder of eToro, said: “Moto2 is just like us. Fast, exciting and full of young talent on the way up. It’s a great opportunity to contribute to the development of this team, and particularly its two young stars, Iker and Joe. MotoGP has an incredibly passionate, devoted fan base which is part of the reason this partnership appealed to us so much. We’re going to enjoy working with everyone and supporting them across the season.”
Eitan Butbul, Principal Owner at American Racing KTM, said: “As Moto2 and American Racing KTM continues to push boundaries on the track, we are pleased to partner with eToro, a brand with whom we share a strong commitment to technology and innovation. It is fantastic news that eToro is supporting us as we enter a very important point of the season and we look forward to a collaborative partnership.”
eToro was founded in 2006 by three partners, who aimed to create a financial trading platform suitable to the traders of all levels, offering easy and convenient trading tools. eToro is regulated in Europe by the Cyprus Securities and Exchange Commission and regulated in the UK by the Financial Conduct Authority. eToro empowers people to invest on their own terms. The platform enables people to invest in the assets they want, from cryptoassets to stocks and commodities. You can read our full eToro review here.
Social trading and multi-asset brokerage company eToro has added ZCash (ZEC), the privacy-focused cryptocurrency, to its list of cryptocurrency offerings. This brings the total number of crypto assets available on eToro to 14, including Bitcoin, Ethereum, Bitcoin Cash, XRP, Litecoin, Ethereum Classic, Dash, Stellar, NEO, EOS, Cardano, IOTA, and BNB.
Zcash is a cryptocurrency aimed at using cryptography to provide enhanced privacy for its users compared to other cryptocurrencies such as Bitcoin. The support of ZEC on the platform means eToro customers can now buy and sell the decentralized payment network that allows users to protect the privacy of their transactions.
eToro was founded in 2006 by three partners, who aimed to create a financial trading platform suitable to the traders of all levels, offering easy and convenient trading tools. Nowadays eToro became the largest and most popular social trading broker and network that serves more than 6 million users from around 150 worldwide countries. The eToro products include currencies, commodities, stock indices, eToro CFD and a recent growing trend of Bitcoin or other cryptocurrencies as well. You can read our full eToro review here.
Yoni Assia, Co-founder, and CEO at eToro commented: "The way in which we transfer money from person to person, or company to company is constantly evolving. It is not surprising that others have taken on some of the core ideas behind Bitcoin and developed new payment networks with additional features – in the case of Zcash – privacy. We are excited to offer ZEC to eToro investors as they seek to diversify their crypto asset holdings."
Axiory has launched a new market news provider in the Fintech industry, Axiory Intelligence. The brain-child of global fintech company Axiory, it is an independent, dedicated, market news portal for traders, investors, and all financial enthusiast.
Axiory Intelligence serves as a reliable source for up-to-date, fast, and relevant content for traders to stay informed on the latest in global markets, especially news that can affect their trading. The website provides its users with various video updates, webinars, articles, technical analyses, chart analyses, general market information, NFP watch, and educational articles.
The industry’s newest news provider was designed to fulfill an obvious need among traders; knowledge, and information. While there are many well-established news providers in the industry, Axiory Intelligence is based upon the principle of being built by traders. Axiory has years of experience in the industry with several fintech companies including its dedicated broker, Axiory Global. The interaction with the broker’s clients highlighted the fact that when it comes to making trading decisions, traders prefer information and news updates over any other trading tools. With a team of experts and analysts on hand, Axiory developed the independent, dedicated market news and analysis provider.
Beyond news, the website will offer a plethora of educational pieces and webinars, which will only continue to grow over time. All this offering serves as part of Axiory’s mission to keep giving back to the trading community in an attempt to enhance traders’ knowledge, experience, and ultimately their success. The news provider is designed with the trader in mind, from the interface, viewer journey, type of information provided, and market alerts. Everything is designed to allow traders to swiftly find relevant information when they need it.
As mentioned above, the team behind Axiory Intelligence comes from a trading background; from its CEO and Director Tomasz Wisniewski to every analyst, market researcher, and educator. Simply put, Axiory Intelligence is by traders, for traders.
Tomasz Wisniewski, CEO and Director of Axiory Intelligence
“Axiory Intelligence is more than just a news provider; it is a space created by traders for traders, and this entire initiative orbits around this principle. Our brokerage, Axiory Global has always been an integral part of the trading industry and we’ve boasted a fantastic team of specialists. Axiory Intelligence is an extension of our experience in the market and the ideal complement to the core values of Axiory: fairness, transparency, care for all stakeholders, traders being the most important. Hence the decision to create an independent, unbiased team of financial markets’ experts, which will operate in a fully dedicated environment, providing the general public with unique quality content and education. We truly believe that it is our duty as market practitioners to help the industry grow in a sustainable way, and independent research and quality education are key to achieve such a goal”Axiory CEO and Director Roberto d’Ambrosio commented about this new development.
The Dutch Authority for the Financial Markets (AFM) imposed an order for incremental penalty payments on FPlus Trading Ltd. (FPlus Trading). The order for incremental penalty payments was imposed because on its website (https://fplus.ai) FPlus Trading wrongfully states that it trades with an AFM license. This means that FPlus Trading misleads consumers and breaches the Consumer Protection (Enforcement) Act.
The Netherlands Authority for the Financial Markets is the body responsible for regulating behavior on the financial markets in the Netherlands. This includes regulating the behavior of all parties involved with the savings, loans, investment and insurance markets. It includes regulating all organizations that provide financial products and those that issue products, including stock exchanges.
According to its website, FPlus Trading is a trading platform where consumers can trade in currencies (including crypto currencies) commodities, shares and indices. The company says that it holds an AFM license for this purpose. However, FPlus Trading abuses the trade name and license number of an AFM licensee and thus misleads consumers. The AFM did not grant FPlus Trading a license.
By means of the order for incremental penalty payments, the AFM obliges FPlus Trading to cease these acts and provide consumers with information regarding FPlus Trading that is correct and not misleading. FPlus Trading will be obliged to pay a penalty if it fails to comply with the order within five working days. The penalty amounts to €5,000 for each calendar day FPlus Trading fails to comply, subject to a maximum of €50,000. FPlus Trading failed to comply with the order (in time) and must, therefore, pay a penalty.
The regulator explains that an order for incremental penalty payments is an instrument that is used to instruct or order a company or person to perform or cease performing a certain act. A specified amount of money must be paid if the order is not complied with within the term set.
The Cyprus Securities and Exchange Commission (‘CySEC’) announces that, on its meeting of 22nd October 2018, decided to wholly withdraw the Cyprus Investment Firm authorisation of PFX Financial Professionals Ltd. The company operates the brands FXFINPRO Capital and FINPROINVEST. The main reason for the license withdrawal is the Company’s non-compliance.
The company was flagged for non-compliance as it failed to comply at all times with the authorisation and operating conditions provided for persons who effectively direct the business of a CIF and organizational requirements. It also failed to comply with the conduction of business obligations when providing investment services to clients; submission of CIF financial accounts; submission of information to CySEC which are correct, complete and accurate.
Due to the whole withdrawal of the Company’s authorisation, the Company should ensure it does not provide investment and ancillary services. Immediately and without delay, ensure that all references in its websites and anywhere else, relating to the provision/carrying out of investment services/activities, as well as references to its licensing and regulation by the CySEC, are deleted. Return all funds and financial instruments which belong to/are attributable to its clients, including any profits. Examine and resolve all clients’ complaints/reports filed against the CIF.
One of the company's brands, FXFINPRO Capital, has already removed from its website any references regarding authorization and supervision of the company by CySEC. The broker will be given three months to settle its obligations, while it will still be under the CySEC's supervision. You can read more about this regulator here.
Global award-winning brokerage Axiory has launched a new website that has been a part of the company’s plans since 2020.
This new website represents the evolution of the Axiory brand with its modern approach to investments and finance. The website is now carries a sporting a brand new vibrant look, with brighter colours and an entirely restructured user experience.
Marketing Director Dominic Poynter has commented:
“Investing is the birthright of every individual. Every person can take part in the vast markets and their endless opportunities, and it doesn’t have to be a complex process. In 2021 we can confidently say we offer everyone who’s passionate about trading, a full rounded experience with the ability to build a rich portfolio with CFDs, Stocks, and ETFs”.
Furthermore, the new brand represents the broker’s attitude towards finance and their forward-thinking approach to investments.
“We want to redefine how people view personal finance and widen their scope by offering a solution designed by humans for humans without sacrificing any of the company’s professionalism and our high-grade services”,
said CEO and Director Roberto d’Ambrosio.
The broker has updated the tagline on the new website which is now saying “Trade Better Together” and talks about the trading community that Axiory has built as a broker and through its dedicated market news and education portal Axiory Intelligence. Clients are never alone with an award-winning support team and can ‘trade better’ with a licensed and regulated broker by their side.
“The thing about evolution is that it never ends. What we’ve accomplished so far is still evolving and traders can expect new products and services by the end of 2021 and beyond”, said Poynter.
Axiory will continue offering the 50% bonus with up to 5000 USD in trading credit into the first quarter of 2022, to give new and existing clients a “gentle push” and help them achieve their goals.
