1. Overview Nigeria’s official currency is the Nigerian Naira. Not all forex brokers in Nigeria allow Nigerians to open Naira-based trading accounts, which allow for no currency conversion fees ...
Tag: Brokers
5 Best CMA Regulated Forex Brokers in Kenya
Investment in the world’s largest and most decentralized market, foreign exchange, is becoming more popular in Kenya. If you don’t use a regulated broker, the inherent risk of forex tradin...
Interactive Brokers Witnesses a 10% Decrease in DARTs for April 2022
Interactive Brokers (Nasdaq: IBKR), a major American electronic trading platform, has released on Monday some monthly operating metrics for April, reporting a decrease in the Daily Average Revenue Tra...
Two Former Jefferies FX brokers Launch Their Own institutional crypto exchange
A new cryptocurrency exchange built for institutional investors is being launched by two former Jefferies Financial Group. Following the closure of a recent seed funding round, the exchange named Cro...
Jill Bright Joins Interactive Brokers’ Board of Directors
Interactive Brokers (Nasdaq: IBKR), an American electronic trading venue, announced on Thursday that it appointed Jill Bright as an independent director of the firm. Take Advantage of the Biggest Fina...
Interactive Brokers Ends Q1 2022 with 28% Revenue Drop
Interactive Brokers (Nasdaq: IBKR), an American electronic trading venue, released its financials for the first quarter of 2021, reporting a significant decline in its revenue and income. According to...
NFA Fines Interactive Brokers $250k for Retail FX, Supervisory Failures
The National Futures Association (NFA), the United States’ derivates industry watchdog, has fined Interactive Brokers LLC, an American multinational brokerage firm, $250,000 in fine. Take Advantage of...
Brokers using this controversial practice are ‘skimming rent, getting rich’: Michael Lewis
Shares of trading platform Robinhood (HOOD) have plummeted nearly 35% so far this year, taking a 5% tumble last Friday alone after Goldman Sachs issued a Sell rating and raised concerns about soft use...
Interview: Tokenised stocks with DeFiChain, and why traditional stock brokers could be worried
DeFiChain are intriguing – a fully decentralised platform offering investors the ability to gain exposure to stocks and other assets, domiciled on the Bitcoin network. The area of tokenised stocks, in...
Investing may be too complex for retail investors and brokers
As more cutting-edge investment products work their way into the marketplace, there’s growing fear retail investors and even professional brokers are getting in over their heads. Former SEC atto...
Interactive Brokers Witnesses a MoM Decrease in DARTs during March
Interactive Brokers (Nasdaq: IBKR), a major American electronic trading platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective c...
Bitcoin-only brokers on freedom and finance
In Europe, “Bitcoin only” is a growing trend, as more and more consumers and companies are hardening their resolve that Bitcoin (BTC) is the only digital asset worth holding. Bitcoin-only exchanges a...
Interactive Brokers Releases Carbon Offsets through Its IMPACT App
US-listed brokerage firm Interactive Brokers (Nasdaq: IBKR) announced on Wednesday that it launched Carbon Offsets, which will be available through its mobile trading app IMPACT. According to the pres...
ATC Brokers Hires Malik Khan as Chief Revenue Officer
ATC Brokers, a forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting ...
Market making giant Virtu eyes role as wholesale service for crypto brokers
Quick Take Virtu Financial is eyeing a big push into the crypto market, according to sources. At industry futures conference FIA Boca the firm has laid out to attendees its plans to become a crypto wh...
How Are FX Brokers Responding to Russian Sanctions?
Western governments reponed to the Russian invasion of Ukraine with a barrage of economic sanctions. The major one is the European Union’s ban of seven Russian commercial banks from accessing the inte...
Brokers Leveraging CeFi Products to Access DeFi Opportunities
As Bitcoin continues to outperform all other major asset classes the wider crypto market is becoming increasingly hard to ignore by institutions looking for portfolio diversification. Once the outlier...
Interactive Brokers Releases IBKR GlobalTrader Stock Trading App
Interactive Brokers (Nasdaq: IBKR), a major American electronic trading platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective c...
Tools for Brokers Offers Synthetic Liquidity
Tools for Brokers, a leading technology provider for retail brokers founded in 2010, today announced the release of the new version of its Trade Processor liquidity bridge. As well as improvements in ...
FX Brokers Change Trading Conditions for RUB Pairs
The Russian invasion of Ukraine has started a major turmoil in the financial markets. And, with the pilling sanctions on Russia, the ruble and other Russia-related stocks have become very volatile. No...
Tools for Brokers Promotes Vahab Hasiri as MENA Business Development Head
Tools for Brokers, a provider of technologies in the trading industry, has promoted Vahab Hasiri as the Head of Business Development of the Middle East and North Africa (MENA), thus sharpening its foc...
Tools for Brokers Appoints Ivan Egorov as New Global Head of Sales
Tools for Brokers, a leading global technology provider Technology Provider A technology provider is an individual, company, or entity that creates, render services and sells software applications...
Russian Central Bank Flags 812 Illegal FX Brokers in 2021
The Central Bank of Russia said on Wednesday that it has busted as many as 812 foreign exchange (forex) dealers in 2021 that were operating in the country illegally. These online trading Online Tr...
Miners Stakers are Not Brokers, Says Treasury Department
The meaning of representative is set to prohibit diggers and stakers The Treasury sent a letter to Senators on Friday to refresh Senators on the advancement of revising the expression representative S...
FINRA Fines Former Interactive Brokers AML Compliance Officer
The Financial Industry Regulatory Authority (FINRA) has slapped a financial penalty of $25,000 on Arnold J. Feist, a former AML Compliance Officer (AMLCO) of Interactive Brokers, for severe lapses in ...
The Days of Regulatory Arbitrage Are Numbered. Will Brokers Be Forced to Shut Down?
Imaginary borders If the pandemic has taught us anything, it is that borders are imaginary. A virus that appears in China today can be in the US tomorrow, and a “South-African” variant can infect peop...
Miners & Stakers are Not Brokers, Says Treasury Department
Miners and stakers in the U.S. would have breathed a collective sigh of relief as the U.S. Treasury exempts them from reporting transaction information to the Internal Revenue Service. The U.S. Treasu...
The IRS’ Reporting Requirements For Brokers Won’t Affect Crypto Miners & Stakers
The infamous Infrastructure Bill put the IRS in a difficult situation. The bill gave the organization incredible fund tracking superpowers. The thing is, the measurements were impossible to enforce. N...
US Treasury reiterates that the IRS won’t consider crypto miners, stakers or coders to be brokers
In a February 11 letter seen by The Block, the Treasury reassured six concerned senators that it did not plan to treat crypto miners, stakers and wallet providers as brokers for tax purposes. “E...
Interactive Brokers Sees 18% MoM Increase in January DARTs
Interactive Brokers (Nasdaq: IBKR), a major American electronic trading platform, has released some of the key operating metrics for January, showing a monthly recovery but a drop in demand from the p...
‘A lot of people will lose a lot of money,’ Interactive Brokers founder says
It’s been roughly a year since GameStop (GME) began overtaking headlines and a ‘meme stock’ phenomenon was born. However speculative assets have been under pressure recently amid ris...
Redfin Stock Sinks. This Analyst Is ‘Throwing in the Towel.’
Text size Stephen Brashear/Getty Images for Redfin Shares of Redfin were falling sharply Friday after the online real estate brokerage said it expected a first-quarter loss wider than analysts’ estima...