Author: Desmond Brooks

Traders now have the opportunity to access capital from $5,000 to $100,000 while retaining 80% of their profits. Proprietary trading is on the rise as brokers such as OANDA, Axi, and Hantec Markets continue to expand into this space. New Prop Trading Program by Alexander Gerchik’s Gerchik & Co Alexander Gerchik, a seasoned Wall Street trader, has launched a new proprietary trading program through his brokerage firm, Gerchik & Co. This program enables traders to trade with company funds, offering up to $100,000 in capital, allowing participants to trade without putting their own money at risk. The program offers access…

The Foreign Exchange Professionals Association (FXPA) warns of risks associated with inconsistent regulation in the global FX derivatives market, calling for uniform oversight to ensure market fairness and protect integrity. FXPA Pushes for Regulatory Balance in FX Derivatives Market The FXPA has published a white paper urging global policymakers to address the growing disparity between regulated and unregulated foreign exchange (FX) derivatives trading platforms. The industry body argues that the current regulatory imbalance could jeopardize market integrity and diminish protections for customers. In its report, FXPA points out the increasing number of unregulated FX derivatives platforms that compete directly with…

Recent updates from The Funded Trader (TFT) suggest that suspended trader payouts might not be processed before 2025. The firm has announced its focus on unblocking larger accounts with balances exceeding $100,000. For traders waiting over six months to access their funds, patience will continue to be required, as per a statement from TFT’s CEO, Angelo Ciaramello. He outlined the company’s strategy to address ongoing payout delays, which may stretch well into next year. Larger Accounts to Be Prioritized First In an update shared via TFT’s Discord channel, Ciaramello provided a clearer timeline for the firm’s next steps. The first…

Eurex, the leading European derivatives exchange, has announced that US-based Introducing Brokers (IBs) can now become direct members of the exchange, significantly increasing their access to European and global derivatives markets. This development broadens Eurex’s presence in the US and extends trading availability for American participants. Eurex Welcomes US Brokers, Expanding Market Access This move follows regulatory changes approved by the Commodity Futures Trading Commission (CFTC) in July, which now allow CFTC-registered foreign boards of trade (FBOTs) to provide direct access to US Introducing Brokers. Prior to this change, US traders seeking to trade on Eurex had to rely on…

eToro has announced a new partnership with Bayer 04 Leverkusen, solidifying a two-year sponsorship agreement. Starting with the upcoming football season, eToro will serve as the official trading partner of the German football club, following Leverkusen’s remarkable 2023/24 season, which saw them winning the Bundesliga title and the DFB Pokal. Key Elements of the Partnership As part of the deal, eToro will gain significant visibility among Bayer 04 Leverkusen’s fan base, both domestically and internationally. The sponsorship includes advertising rights at the club’s home stadium, BayArena, with prominent exposure through LED perimeter boards and media backdrops during match days. Additionally,…

XTB has recently supported both the UAE National Boxing Team and the Polish team at the Economics Olympiad in Greece. Though financial specifics of these partnerships remain confidential, the sponsorships underscore XTB’s growing commitment to sports and educational development across multiple regions. Supporting UAE Sports Development In the UAE, XTB MENA has partnered with the UAE Boxing Federation to sponsor the national boxing team, its coaches, and various events. This marks an important step in XTB MENA’s aim to encourage athletic development in the country, although further details on the sponsorship and future initiatives have yet to be revealed. The…

This new collaboration allows traders to access real-time bid and ask prices from CME Group and Nasdaq directly within their web browsers, broadening the accessibility of market data. In a move to enhance the trading experience, fintech firm dxFeed has partnered with PriceSquawk, an audio-based trading platform that translates live market data into sound. This integration provides traders with CME Group and Nasdaq Level 1 data, offering an innovative way to stay informed about market dynamics without being constantly tethered to a screen. A New Dimension in Market Trading: dxFeed and PriceSquawk PriceSquawk’s ability to convert market activity into auditory…

NAGA Group, a leading fintech company, has successfully completed its merger with Key Way Group, the parent company of CAPEX.com. This strategic merger, which received all necessary regulatory approvals in just six weeks, is set to strengthen NAGA’s global presence and optimize operational costs, according to a report from EQS News. Growth in Global Reach With this merger, NAGA Group has solidified its position as a prominent neo-broker worldwide, now serving approximately 1.5 million users across more than 100 countries. The integration of CAPEX.com’s user base into NAGA’s platform is anticipated to introduce a variety of enhanced features and services,…

Capital Index UK, an established London-based forex and CFD brokerage, has revealed a significant drop in its 2023 revenue, which the company attributes to the ongoing cost-of-living crisis affecting the UK. The firm reported that its trading revenue for the year stood at £1,035,073, marking a 29% decline from the previous year’s £1,463,501. Improved Trading Profit Margin Despite the drop in revenue, Capital Index UK’s trading profit margin saw a notable improvement, increasing to 93% in 2023 from 77% in 2022. The firm also reported cash and cash equivalents totaling £240,305 as of December 31, 2023, down from £315,471 at…

Dukascopy Japan has been authorized to offer commodity CFDs, now available on both LIVE and DEMO JForex accounts. The company plans to expand its services by securing a license for equity-based CFDs soon. New Trading Opportunities for Clients Dukascopy Japan recently received approval from Japan’s Ministry of Economy, Trade, and Industry (METI) and the Ministry of Agriculture, Forestry, and Fisheries (MAFF) to introduce commodity CFDs to its platform. This new offering allows clients to trade commodities like oil, natural gas, and precious metals. The commodity CFDs will be accessible to both live and demo account users in Japan, adding a…