eToro Files for IPO This week’s top stories include eToro’s filing with the US Securities and Exchange Commission (SEC) for a planned initial public offering (IPO). The IPO is expected to occur once the SEC completes its review of the Registration Statement, which is subject to market conditions and other factors. However, eToro has not…
FTMO Acquires OANDA We’re in the second month of 2025, and the FX landscape is already undergoing a seismic shift. Proprietary trading powerhouse FTMO acquired retail brokerage giant OANDA, a rare move in an industry where such acquisitions are far from the norm. Since 1996, OANDA has been considered one of the leaders and pioneers…
Two Brokers, One Brand, But Why? Starting off our weekly news update is an interesting case of two brokers fighting for the same brand. Offshore broker BCS Markets (formerly BCS Forex), a part of the Russian financial conglomerate BrokerCreditService and a sister brand of the Russian-licensed forex dealer BCS-Forex, appeared to have rebranded itself as…
IG Group’s H1 FY25 Revenue Jumps Top on the weekly highlights, IG Group, reported total revenue of £522.5 million for the first half of fiscal 2025, ending on 30 November 2024, marking a year-over-year increase of 11%. Its net trading revenue for the same period rose by 12% to £451.7 million. Finance Magnates earlier reported…
IG Acquired Freetrade for £160 Million Topping our weekly news roundup, IG Group acquired Freetrade, a commission-free investment platform, for £160 million in an effort to expand its services in the United Kingdom. According to an announcement this week, IG’s existing capital resources will reportedly fund the deal in cash. Although the two firms have…
XTB’s CEO Eyes Super App as 80% of New Clients Pick Stocks, ETFs XTB has spent nearly two decades building its position as one of the leading contracts for difference (CFD) brokers. In recent years, however, the company has been doing everything to shed its CFD-only image, seeking clients in increasingly broader financial circles. Although…
Brokers Are Leaving MetaTrader Behind When Integrating TradingView MetaQuotes, the company behind MetaTrader platforms, is restricting brokers from integrating TradingView with the support of MT4 and MT5 on the backend. The company has restricted multiple brokers from using MetaTrader with TradingView, Finance Magnates learned from several industry sources. The firm crafted the clauses in MetaTrader…
MetaQuotes to Increase MetaTrader Licensing Fees MetaQuotes, the developer of MetaTrader 4 and MetaTrader 5, sent a notice to its clients stating that it will increase licensing fees from January 1, 2025, as first reported by the Russian version of Finance Magnates. Although the software giant did not specify the price increase, an industry source…
Capital.com Collaborates with Amazon Capital.com’s UAE branch entered into a partnership with Amazon to promote its services in Dubai. As part of the deal, over 500,000 Amazon customers will reportedly receive a Capital.com-branded box. This box will provide customers with an opportunity to enter a raffle for AED 1 million (approximately $272,000). Tarik Chebib, CEO…
Trump Victory Ushers In First Bitcoin-Friendly Administration In a major development on the world stage this week, Donald Trump won the election, sweeping the Electoral College and the popular vote. There are a huge number of takeaways from this emphatic resolution to a dramatic and unorthodox presidential race, but let’s focus on Bitcoin and blockchains…