Two Brokers, One Model, However Why?
Beginning off our
weekly information replace is an fascinating case of two brokers combating for a similar model. Offshore dealer BCS Markets (previously BCS Foreign exchange), part of
the Russian monetary conglomerate BrokerCreditService and a sister model of
the Russian-licensed foreign exchange seller BCS-Foreign exchange, appeared to have rebranded itself
as Ultima Markets. Nonetheless, one other retail buying and selling dealer named Ultima Markets
already exists and gives contracts for distinction (CFD) buying and selling.
Though the corporate didn’t publicly announce it, in accordance
to the Web Archive, BCS Markets rebranded earlier this month. Nonetheless, the
dealer continues to be working from the identical internet tackle, “bcsmarkets.com.” The
Russian dealer was beforehand managed by BCS Markets LLC.
Arbitrage in Prop Buying and selling Fashions
Elsewhere, a number of prop companies have publicly opposed the arbitrage exploitation of their platforms. Moreover, a number of teams are providing companies that declare to ensure income from prop buying and selling actions. Though such exploitations are recognized, PipFarm’s CEO, James Glyde, not too long ago pointed to the organized nature of such teams.
“A vital characteristic of this scheme is the power to stress companies into paying out after they’re caught to keep away from damaging publicity and companies discover themselves in a lose-lose scenario,” Glyde wrote in an X (previously Twitter) put up.
These teams have energy.
A vital characteristic of this scheme is the power to stress companies into paying out after they’re caught to keep away from damaging publicity and companies discover themselves in a lose-lose scenario.
It makes it extremely laborious for merchants to see the reality. https://t.co/INRAtyf5BC pic.twitter.com/cixH6CcBpV
— James Glyde (@Jamesglyde) January 25, 2025
XTB Stories 15% Income Bounce, New Shoppers Improve Almost 60%
And in Poland, XTB closed 2024 on a excessive be aware, delivering robust monetary and operational outcomes. The net brokerage agency additionally skilled a surge in new shoppers, including practically 500,000 over the yr, a 59.8% enhance.
This inflow helped drive income up 15.8% to PLN 1.87 billion, whereas internet revenue climbed 8.6% year-over-year to PLN 859.4 million. Regardless of rising operational prices, XTB benefited from robust market developments and rising curiosity in monetary devices.
In one other improvement, XTB plans to introduce spot cryptocurrencies to its providing, doubtless this yr, Finance Magnates has discovered. Whereas digital property have been obtainable by means of the corporate since 2018, they had been solely supplied as contracts for distinction (CFD). the corporate, which goals to grow to be an all-in-one monetary tremendous app, now plans to increase its providing to incorporate “bodily” cryptocurrencies .
Capital.com’s UAE Merchants Put up Document $469 Billion in Quantity
In the meantime, the United Arab Emirates (UAE) has established itself as a dominant drive in international retail buying and selling, with volumes reaching $468.9 billion in 2024, in accordance with new knowledge launched by buying and selling platform Capital.com. The UAE led international markets with 19.5 million trades – double the exercise of second-place Germany whereas sustaining a powerful 62.53% constructive return charge throughout trades.
Tarik Chebib, the CEO of Capital.com MENA
“Our newest knowledge exhibits the outstanding achievements of UAE merchants, who should not solely diversifying their methods throughout a variety of devices but in addition delivering wholesome returns from their trades,” Tarik Chebib, the CEO of Capital.com MENA, stated.
NAGA Boosts Crypto Buying and selling With New CFD Providing
One other dealer, NAGA, launched a brand new characteristic to boost the accessibility of crypto CFD buying and selling. Dubbed CryptoX, the brand new platform guarantees to eradicate in a single day charges on lengthy positions, provide real-time market publicity and allow merchants to start out with as little as $1.
By integrating with NAGA’s copy buying and selling characteristic, CryptoX additionally permits customers to reflect profitable buying and selling methods. In accordance with the corporate, one of many standout options of CryptoX is the elimination of in a single day charges on lengthy (BUY) positions.
easyMarkets This autumn 2024 Outcomes
Nonetheless, with the brokerage area, easyMarkets noticed a pointy rise in cryptocurrency buying and selling within the fourth quarter of 2024, with Bitcoin surpassing $100,000. This value surge drove robust curiosity from merchants, making crypto the dominant asset class on the platform. Buying and selling volumes for cryptocurrencies tripled in comparison with the third quarter, reflecting elevated market exercise and investor confidence.
A number of components contributed to this development. Institutional buyers performed a serious function, with firms like MicroStrategy saying plans to boost $42 billion for crypto purchases. The re-election of a pro-crypto US president additional fuelled optimism, as merchants anticipated a extra favorable regulatory setting.
Robinhood “Begun Rolling Out” Futures Buying and selling
Robinhood is increasing its choices by including futures buying and selling with “S&P 500, oil, Bitcoin , and extra.” The dealer introduced that it has already begun rolling out futures buying and selling. Nonetheless, the American dealer didn’t specify a date for the broader launch of the futures devices.
A devoted web page on Robinhood’s web site additionally signifies that it’s going to launch futures buying and selling with foreign exchange pairs, cryptocurrencies, indices, and commodities. As seen on the web site, Robinhood will provide 4 crypto futures merchandise: Bitcoin Futures, Micro Bitcoin Futures, Bitcoin Friday Futures, and Ether Futures.
Futures buying and selling has begun rolling out. Keep tuned. https://t.co/9Y1f57nuwb
— Robinhood (@RobinhoodApp) January 29, 2025
Binance Faces Recent Hassle in France
In France, Binance is going through yet one more regulatory storm. The nation’s authorities have now launched a felony investigation towards crypto alternate, alleging tax fraud, cash laundering, and unlawful operations tied to drug trafficking. In accordance with a report by Reuters, the investigation, led by France’s monetary crime unit, accuses Binance of facilitating cash laundering linked to drug trafficking.
The case spans between 2019 and 2024. Prosecutors declare the platform didn’t report suspicious actions and operated with out mandatory approvals in France and different European Union international locations. Complaints from customers who stated they misplaced cash as a result of deceptive communication and unlicensed buying and selling practices fueled the probe.
In one other enforcement motion, the Monetary Conduct Authority (FCA) imposed its first high-quality for transaction reporting failures below the UK Markets in Monetary Devices Regulation towards Infinox. The reporting failure occurred between 1 October 2022 and 31 March 2023 for single-stock CFDs traded by means of one of many dealer’s company brokerage accounts.
A Bureaucratic Blizzard amid World Tensions
Lastly, Trump’s federal help freeze sparked widespread confusion because the Doomsday Clock advances, highlighting international uncertainties. In a transfer that caught many off guard, the Trump administration not too long ago introduced a sweeping freeze on federal monetary help. The Workplace of Administration and Funds (OMB) issued a memo ordering a “short-term pause” on federal help, excluding packages like Social Safety and Medicare however leaving the standing of others, corresponding to Medicaid and FAFSA, in limbo.
An abrupt freeze on practically all federal grants and loans introduced evening by President Trump’s administration has created widespread confusion. https://t.co/DBpnbEo2E0
— NBC Information (@NBCNews) January 28, 2025
The said intention was to halt funding for initiatives linked to overseas help, non-governmental organizations, variety, fairness, and inclusion packages, and environmental insurance policies related to the Inexperienced New Deal. Any federal help freeze can probably ship shockwaves by means of an economic system, significantly in industries that rely closely on authorities funding, corresponding to infrastructure, schooling, and healthcare.
Two Brokers, One Model, However Why?
Beginning off our
weekly information replace is an fascinating case of two brokers combating for a similar model. Offshore dealer BCS Markets (previously BCS Foreign exchange), part of
the Russian monetary conglomerate BrokerCreditService and a sister model of
the Russian-licensed foreign exchange seller BCS-Foreign exchange, appeared to have rebranded itself
as Ultima Markets. Nonetheless, one other retail buying and selling dealer named Ultima Markets
already exists and gives contracts for distinction (CFD) buying and selling.
Though the corporate didn’t publicly announce it, in accordance
to the Web Archive, BCS Markets rebranded earlier this month. Nonetheless, the
dealer continues to be working from the identical internet tackle, “bcsmarkets.com.” The
Russian dealer was beforehand managed by BCS Markets LLC.
Arbitrage in Prop Buying and selling Fashions
Elsewhere, a number of prop companies have publicly opposed the arbitrage exploitation of their platforms. Moreover, a number of teams are providing companies that declare to ensure income from prop buying and selling actions. Though such exploitations are recognized, PipFarm’s CEO, James Glyde, not too long ago pointed to the organized nature of such teams.
“A vital characteristic of this scheme is the power to stress companies into paying out after they’re caught to keep away from damaging publicity and companies discover themselves in a lose-lose scenario,” Glyde wrote in an X (previously Twitter) put up.
These teams have energy.
A vital characteristic of this scheme is the power to stress companies into paying out after they’re caught to keep away from damaging publicity and companies discover themselves in a lose-lose scenario.
It makes it extremely laborious for merchants to see the reality. https://t.co/INRAtyf5BC pic.twitter.com/cixH6CcBpV
— James Glyde (@Jamesglyde) January 25, 2025
XTB Stories 15% Income Bounce, New Shoppers Improve Almost 60%
And in Poland, XTB closed 2024 on a excessive be aware, delivering robust monetary and operational outcomes. The net brokerage agency additionally skilled a surge in new shoppers, including practically 500,000 over the yr, a 59.8% enhance.
This inflow helped drive income up 15.8% to PLN 1.87 billion, whereas internet revenue climbed 8.6% year-over-year to PLN 859.4 million. Regardless of rising operational prices, XTB benefited from robust market developments and rising curiosity in monetary devices.
In one other improvement, XTB plans to introduce spot cryptocurrencies to its providing, doubtless this yr, Finance Magnates has discovered. Whereas digital property have been obtainable by means of the corporate since 2018, they had been solely supplied as contracts for distinction (CFD). the corporate, which goals to grow to be an all-in-one monetary tremendous app, now plans to increase its providing to incorporate “bodily” cryptocurrencies .
Capital.com’s UAE Merchants Put up Document $469 Billion in Quantity
In the meantime, the United Arab Emirates (UAE) has established itself as a dominant drive in international retail buying and selling, with volumes reaching $468.9 billion in 2024, in accordance with new knowledge launched by buying and selling platform Capital.com. The UAE led international markets with 19.5 million trades – double the exercise of second-place Germany whereas sustaining a powerful 62.53% constructive return charge throughout trades.
Tarik Chebib, the CEO of Capital.com MENA
“Our newest knowledge exhibits the outstanding achievements of UAE merchants, who should not solely diversifying their methods throughout a variety of devices but in addition delivering wholesome returns from their trades,” Tarik Chebib, the CEO of Capital.com MENA, stated.
NAGA Boosts Crypto Buying and selling With New CFD Providing
One other dealer, NAGA, launched a brand new characteristic to boost the accessibility of crypto CFD buying and selling. Dubbed CryptoX, the brand new platform guarantees to eradicate in a single day charges on lengthy positions, provide real-time market publicity and allow merchants to start out with as little as $1.
By integrating with NAGA’s copy buying and selling characteristic, CryptoX additionally permits customers to reflect profitable buying and selling methods. In accordance with the corporate, one of many standout options of CryptoX is the elimination of in a single day charges on lengthy (BUY) positions.
easyMarkets This autumn 2024 Outcomes
Nonetheless, with the brokerage area, easyMarkets noticed a pointy rise in cryptocurrency buying and selling within the fourth quarter of 2024, with Bitcoin surpassing $100,000. This value surge drove robust curiosity from merchants, making crypto the dominant asset class on the platform. Buying and selling volumes for cryptocurrencies tripled in comparison with the third quarter, reflecting elevated market exercise and investor confidence.
A number of components contributed to this development. Institutional buyers performed a serious function, with firms like MicroStrategy saying plans to boost $42 billion for crypto purchases. The re-election of a pro-crypto US president additional fuelled optimism, as merchants anticipated a extra favorable regulatory setting.
Robinhood “Begun Rolling Out” Futures Buying and selling
Robinhood is increasing its choices by including futures buying and selling with “S&P 500, oil, Bitcoin , and extra.” The dealer introduced that it has already begun rolling out futures buying and selling. Nonetheless, the American dealer didn’t specify a date for the broader launch of the futures devices.
A devoted web page on Robinhood’s web site additionally signifies that it’s going to launch futures buying and selling with foreign exchange pairs, cryptocurrencies, indices, and commodities. As seen on the web site, Robinhood will provide 4 crypto futures merchandise: Bitcoin Futures, Micro Bitcoin Futures, Bitcoin Friday Futures, and Ether Futures.
Futures buying and selling has begun rolling out. Keep tuned. https://t.co/9Y1f57nuwb
— Robinhood (@RobinhoodApp) January 29, 2025
Binance Faces Recent Hassle in France
In France, Binance is going through yet one more regulatory storm. The nation’s authorities have now launched a felony investigation towards crypto alternate, alleging tax fraud, cash laundering, and unlawful operations tied to drug trafficking. In accordance with a report by Reuters, the investigation, led by France’s monetary crime unit, accuses Binance of facilitating cash laundering linked to drug trafficking.
The case spans between 2019 and 2024. Prosecutors declare the platform didn’t report suspicious actions and operated with out mandatory approvals in France and different European Union international locations. Complaints from customers who stated they misplaced cash as a result of deceptive communication and unlicensed buying and selling practices fueled the probe.
In one other enforcement motion, the Monetary Conduct Authority (FCA) imposed its first high-quality for transaction reporting failures below the UK Markets in Monetary Devices Regulation towards Infinox. The reporting failure occurred between 1 October 2022 and 31 March 2023 for single-stock CFDs traded by means of one of many dealer’s company brokerage accounts.
A Bureaucratic Blizzard amid World Tensions
Lastly, Trump’s federal help freeze sparked widespread confusion because the Doomsday Clock advances, highlighting international uncertainties. In a transfer that caught many off guard, the Trump administration not too long ago introduced a sweeping freeze on federal monetary help. The Workplace of Administration and Funds (OMB) issued a memo ordering a “short-term pause” on federal help, excluding packages like Social Safety and Medicare however leaving the standing of others, corresponding to Medicaid and FAFSA, in limbo.
An abrupt freeze on practically all federal grants and loans introduced evening by President Trump’s administration has created widespread confusion. https://t.co/DBpnbEo2E0
— NBC Information (@NBCNews) January 28, 2025
The said intention was to halt funding for initiatives linked to overseas help, non-governmental organizations, variety, fairness, and inclusion packages, and environmental insurance policies related to the Inexperienced New Deal. Any federal help freeze can probably ship shockwaves by means of an economic system, significantly in industries that rely closely on authorities funding, corresponding to infrastructure, schooling, and healthcare.
