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 Howard, emphasized the broker’s routineRead More
Category: News
IC Markets Introduces Zero Brokerage Fees with Launch of IC Shares
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 Markets, aRead More
eToro Stops Support for Long Non-Leveraged CFD Crypto Positions in Australia
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 at the prevailing market value. This decision marksRead More
Hantec Group Expands its Reach with the Launch of Hantec Trader, an Offshore Prop Trading Unit
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 with initial capital, allowingRead More
MultiBank Group Launches MultiBank-Plus Trading Platform
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 of onlineRead More
Interactive Brokers Launches New Tools to Enhance Trading Experience for Retail Traders
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, tradersRead More
Prospero Markets Faces Suspension of ASIC AFS License
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 seriesRead More
Coinbase International Exchange Expands Global Reach with Non-US Spot Markets
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 internationalRead More
FP Markets Enhances its Corporate Social Responsibility (CSR) Programme with Sponsorship of the Cricket Brasil Youth Development Programme
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 will beRead More
Spotware Introduces cTrader for macOS
In an innovative move, Spotware has announced the launch of cTrader for MacOS. This native macOS application is specifically designed to cater to the needs of algorithmic traders using Apple’s platform. This launch comes at a crucial time, especially considering the recent removal of MetaTrader 4 and MetaTrader 5 trading apps from the Apple App Store. The new application adheres strictly to theRead More