eToro

eToro Lowers Valuation Expectations for SPAC Deal to…

eToro, the Israeli social trading platform, is downgrading its valuation estimate from $10.4 billion to $8.8 billion ahead of its proposed merger deal with a special purpose acquisition company (SPAC). eToro, which announced in March…

TopFX Opens New Representative Office in Dubai

Institutionally-focused prime of prime broker TopFX has opened a new office in Dubai as part of its initiative to support the rapidly expanding user base in the Middle East. The new base at the iconic…

CySec

CySEC Revokes AFX Capital Markets License, Fines CEO…

The Cyprus Securities and Exchange Commission (CySEC) confirmed on Thursday that it has wholly withdrawn the Cyprus Investment Firm (CIF) license AFX Capital Markets Ltd. According to the CySEC’s statement, the island’s regulator had concluded…

Italy Crisis

Consob Filters 28 Domains in Bid to Block…

The Commissione Nazionale per le Società e la Borsa (CONSOB) has shut down 28 new websites in an ongoing clampdown against firms it accuses of illegally promoting investment products in the country. The newly-blacklisted domains…

eToro

eToro Hits 27 million Registered Users, Revenue Doubles…

eToro, the Israeli social trading platform heading for a $10.4 billion listing, on Wednesday reported that interim net trading revenue is expected to be around double of the previous year. The online trading platform expects…

CFI Financial Adds 3,500 US Exchange-Based Stocks to…

Multi-regulated FX and CFDs broker, CFI Financial Group, has expanded its service offering and trading products by incorporating more than 3,500 US exchange-based stocks on MetaTrader 5. In a recent statement, the broker informed its…

French Regulators Blocklist 16 FX and Cryptocurrency Websites

France’s financial markets regulators warned the French public of more investment websites that do not have authorization to operate within the country. In 2021, the dual regulatory structure in France, which includes the Autorité des…

TradeZero

TradeZero Taps Futu Alumni as CEO and COO…

TradeZero announced the appointment of Ila Jehl III and Colette Rex today, two industry veterans with extensive experience in the global brokerage industry. The New York-based online broker-dealer taps Ila Jehl as CEO of TradeZero’s…

Penny Stocks

ViewTrade, Seminario Alliance Lets Peru Investors Trade US…

ViewTrade Holding Corporation, a US-based global digital trading technology and Seminario y Cia Sociedad Agente de Bolsa S.A., a global trading platform in Peru, have partnered to allow the latter’s clients trade US stocks. ViewTrade…