Author: Desmond Brooks

Company Cites Need for Strategic Changes Proftit Ltd., a CRM solutions provider serving brokers and proprietary trading firms, has announced plans to shut down its operations. The company stated that it intends to reassess its business direction, recognizing that future opportunities may lie beyond its current focus. However, it has not disclosed specific details about its next steps. Industry Changes Drive Decision Proftit explained that the decision followed a thorough review of market trends, revealing the need for a significant realignment. “We would like to express our heartfelt gratitude to our clients, partners, and employees for their support and collaboration,”…

Financial Watchdog Labels Alpine Funded and Aura Funded as Questionable Ukraine’s financial regulator has added two proprietary trading firms, Alpine Funded and Aura Funded, to its warning list. These firms were among seven flagged by the National Securities and Stock Market Commission (NSSMC) last week. This move follows a similar warning issued last July against another prop trading firm, Forex Prop Firm. Ukraine Targets More Trading Firms While the NSSMC did not provide specific reasons for blacklisting Alpine Funded and Aura Funded, it has previously raised concerns about prop firms. Last year, the regulator also flagged BDSwiss, a well-known broker…

A recent investigation by the UK’s Financial Conduct Authority (FCA) has raised red flags about how certain features in trading apps like push notifications and prize draws may be nudging users into riskier investment decisions. In a comprehensive review titled “Trading apps: high-level observations,” the FCA assessed 12 investment platforms offering app-based trading services. The regulator’s findings are particularly relevant for both new and established brokers planning to develop or enhance their app offerings. Digital Engagement May Be Fueling Reckless Trading The FCA’s concern centers around digital engagement practices (DEPs), which include app features like real-time alerts, in-app rewards, and…

Fraudsters Target Investors with Fake Compensation Claims The Cyprus Securities and Exchange Commission (CySEC) has issued a new warning about fraudsters impersonating its officials. These scammers approach investors using fake email accounts and online profiles, falsely claiming to facilitate compensation settlements. Victims are tricked into paying fees for bogus claims, with fraudsters exploiting CySEC’s reputation to appear legitimate. Recurring Scam Tactics This is not the first time CySEC has flagged such deceptive activities. Last year, the regulator identified fraudulent websites and email addresses attempting to mimic official CySEC communications. Notably, websites like “cysecgov.org” and “cysecgov.cc” were flagged as unauthorized, along with the…

AI Stock Research Expands to Penny Stocks TipRanks, a market research aggregator, has introduced Spark, its most advanced AI-driven stock analyst. The AI tool provides investors with detailed stock assessments, including coverage of penny stocks, a segment often lacking reliable analysis. Spark gathers data from TipRanks’ extensive financial database, offering insights based on fundamental, technical, and sentiment-based indicators. Bringing AI to Financial Research “We are proud to introduce the AI Stock Analyst – the world’s first and most comprehensive AI analyst,” said Uri Gruenbaum, CEO of TipRanks, which was acquired by Prytek for $200 million last year. Gruenbaum emphasized TipRanks’ commitment to financial innovation,…

Gold prices soared past $3,000 per ounce for the first time, driven by rising economic uncertainty and strong central bank demand. Investors seeking stability amid inflation fears, stock market volatility, and U.S. trade policy concerns have fueled the rally. Gold’s Surge Fueled by Economic Instability The price of gold reached an all-time high of $3,004.86 during Friday’s trading session, before settling at $2,991 per ounce by midday in New York. The metal has climbed 14% since the beginning of the year, building on a 27% increase in 2024.Market instability has intensified as U.S. economic policies continue to create uncertainty. The…

Already been scammed? Be careful fraudsters are now pretending to be government officials from the Commodity Futures Trading Commission (CFTC), offering fake promises to help you recover your stolen money. It’s a cruel twist: criminals targeting people who’ve already been through financial loss, hoping to trick them again. The CFTC has issued a public alert warning about individuals impersonating representatives from its Office of Inspector General. These scammers are reaching out to past victims of fraud, claiming they can help retrieve funds lost in earlier scams especially those involving foreign bank accounts. But here’s the catch: it’s all a lie.…

Strategic alliance brings advanced trade execution and risk management tools to brokers via BlackArrow integration. Centroid Solutions has announced a new strategic collaboration with BlackArrow, the trading platform developed by global financial tech company Nelogica. This move builds on Centroid’s recent momentum, including a separate integration with the Match-Trader platform by Match-Trade Technologies, where Centroid’s risk management suite was incorporated. The newly established partnership with BlackArrow introduces Centroid’s powerful Bridge and Risk analytics tools into the platform, aiming to enhance operational efficiency and elevate trading performance for brokers and their clients. These tools will now be available within the BlackArrow…

Long-term investing platform Public has rolled out a new AI-powered tool called Generated Assets, giving everyday investors the ability to create personalized stock indexes with just a text prompt. This new feature lets users turn niche ideas like “CEOs under 40” or “companies with flat organizational structures” into a fully-formed index that’s benchmarked against the S&P 500. Create Your Own Index, No Expertise Required With just a sentence or two, Public’s AI digs through company filings and publicly available data to build a list of stocks that match the user’s criteria. Once the index is generated, it’s automatically backtested using…

Tiger Brokers (NASDAQ: TIGR) has rolled out an upgraded version of its AI investment assistant, TigerGPT, now powered by the DeepSeek-R1 AI model. This move makes Tiger Brokers the first global brokerage to integrate DeepSeek-R1, aiming to refine market analysis and investment insights. Up Fintech, the parent company of Tiger Brokers, is based in China, making this collaboration with DeepSeek—a firm backed by High-Flyer—a logical next step in the brokerage’s AI evolution. How DeepSeek AI Enhances TigerGPT With DeepSeek-R1, TigerGPT now delivers more advanced data analysis, stronger reasoning abilities, and sharper investment insights. The AI model enhances market evaluations, stock trend predictions, and investment…