In a recent development, Eightcap, an Australia-based Retail FX and CFDs broker, has addressed what it calls misleading reports about its brokerage services to proprietary trading firms. The statement comes in response to widespread speculation that the broker was severing ties with all prop trading entities. In a clarification issued on LinkedIn, Eightcap's CEO, Alex...

In a strategic move set to enhance the investing experience for Australians, IC Markets has unveiled its latest offering, IC Shares, accompanied by an enticing promotion of zero brokerage fees. The announcement, made on January 30, 2024, by Gerald Segal, marks a significant milestone for the Australian share market, already on an upward trajectory. IC...

In a significant shift in its service offerings, the online trading platform eToro has announced that it will cease supporting long non-leveraged CFD positions for cryptocurrencies in Australia. This change is set to take effect from February 19, 2024. Following this date, eToro will automatically close any remaining open long non-leveraged CFD positions in cryptoassets...

Hantec Group, a London and Hong Kong-based financial services provider, has entered the thriving world of proprietary trading with the introduction of Hantec Trader, a proprietary trading firm. Read our article about Prop Trading Firms Hantec Trader, operating through Hantec Markets, a Mauritius-based brokerage firm, offers traders a unique opportunity. It provides proprietary trading accounts...

In a groundbreaking move to start 2024, MultiBank Group, a renowned online financial derivatives company, has unveiled its state-of-the-art mobile application, MultiBank-Plus, along with a newly redesigned website. These launches are part of a comprehensive rebranding initiative, underscoring MultiBank Group's dedication to enhancing customer experience. The MultiBank-Plus app is a pivotal innovation in the world...

Interactive Brokers, a leading player in electronic trading, has announced the introduction of the Tax Loss Harvest (TLH) tool for its retail traders. This innovative feature aims to simplify the process of realizing tax benefits from both long- and short-term capital losses. The TLH tool is seamlessly integrated into the trading platform. To activate it,...

The Financial Conduct Authority (FCA) of the United Kingdom has today issued a critical warning to investors and the public regarding a fraudulent XTB clone firm impersonating the well-known online brokerage, XTB. This clone, operating under the name 'XTB Trading World,' is not authorized by the FCA and has been actively engaging in deceptive practices....

In the wake of a recent crackdown on financial misconduct and money laundering activities, Prospero Markets, an Australian-based Retail FX and CFDs broker, has found itself in hot water. The Australian Securities and Investments Commission (ASIC) has taken decisive action by suspending the company's Australian Financial Services (AFS) license. This move by ASIC follows a...

Coinbase, one of the leading names in the cryptocurrency exchange industry, has unveiled its ambitious plans for further expansion by launching non-US spot markets on its Coinbase International Exchange. This latest development is set to cater to the diverse needs and demands of Coinbase's global user base while simultaneously supporting its strategic mission of increasing...

FP Markets, the worldwide multi-asset broker, has unveiled a sponsorship agreement with Cricket Brasil, an ICC associate member. This collaboration is designed to bolster the youth development program of Cricket Brasil, which offers young individuals an opportunity to complete their education, pursue higher studies, and forge a promising future. In its initial stages, this partnership...