Commission News

Futu Holdings, the parent company of Moomoo, has released its unaudited Q4 2024 earnings report, revealing a remarkable 86.8% year-over-year revenue growth, totaling $570.6 million. The company’s non-GAAP adjusted net income surged 105.4% YoY, reaching $251.3 million. For the full year 2024, Futu Holdings recorded $1.75 billion in revenue, a 35.8% increase...

Interactive Brokers (IBKR) has expanded its global trading network by offering access to the Ljubljana Stock Exchange, enhancing opportunities for investors to trade Slovenian equities alongside international financial assets. With over 160 markets across the Americas, Europe, and Asia already available on its platform, IBKR continues to broaden its reach. The addition...

Robinhood’s cryptocurrency trading volume saw a sharp decline in February, falling to $14.4 billion—a 29% drop from January’s $20 billion, the company reported on Tuesday. In comparison, equity trading volumes dipped just 1% month-over-month to $142.9 billion. Despite the slowdown, retail investor interest in crypto remains strong. In the first two months...

DMA, a leading global provider of all-in-one software solutions for financial advisers and wealth managers, has announced an agreement to acquire a majority stake in Saxo Australia, a prominent multi-asset investing specialist. This acquisition marks DMA’s strategic expansion into the Australian market, reinforcing its position as a key player in the financial...

XTB has revealed its preliminary results for 2024, showcasing a significant 59.8% increase in new clients, with 498,400 added throughout the year. This brings its total client base to 1.36 million, marking impressive growth. Active clients on the platform surged to a record 658,500, a 61.2% rise compared to the previous year....

Trade Republic, a leading digital bank and broker, has further expanded its European presence by launching a free current account and local IBAN in Italy. The company now offers automated tax deduction through the Regime Amministrato, directly competing with local banks. This follows its recent expansion into France, enhancing its services across...

Hantec Markets, a leading UK-based forex (FX) and contracts-for-difference (CFD) broker, has announced a significant multi-year sponsorship agreement with Atlético de Madrid, the renowned Spanish La Liga club. This partnership, which will last until 2027, designates Hantec Markets as the official online trading partner of the club in Latin America. The collaboration...

ATFX unveils its 2025 slogan, “Illuminate the Future Spectrum,” highlighting its commitment to transparency, innovation, and empowering traders worldwide. In a world where markets evolve rapidly alongside technological advancements, ATFX proudly announces its 2025 slogan, “Illuminate the Future Spectrum.” This statement reflects ATFX’s unwavering commitment to empowering traders by offering tools, insights,...

ATFX Africa is setting new standards for traders across South Africa, delivering innovative tools and seamless services tailored to enhance every aspect of the trading journey. With recent structural upgrades, the platform simplifies account registration and optimizes withdrawal processes, ensuring fast and efficient fund access for traders seeking smooth liquidity and market...

FxPro introduces BankPro, a Bahamas-regulated private digital bank offering integrated financial services for both individuals and corporations, including multi-currency accounts, global banking solutions, and advanced trading features. FxPro Group, the parent company of the established retail FX/CFD broker FxPro, has announced the launch of BankPro, a Bahamas-regulated private digital bank serving both...

The Financial Commission, a leading external dispute resolution (EDR) organization serving the global financial services industry, is issuing a public warning regarding a website (https://fdrc.org.uk) that is falsely mimicking the Financial Commission’s services in order to legitimize unknown brokers, who are not members of the forum. The website, operating under the name...

Moomoo, a prominent trading platform, partnered with Cboe Global Markets to release the 2024 Options Trader Survey, which reveals a surge in options trading interest among retail investors. Growing Popularity of Options Trading The survey shows a significant rise in options trading adoption among retail investors, with many embracing basic options strategies...

South Africa’s Financial Sector Conduct Authority (FSCA) has imposed a 10-year ban on Kabelo Emanuel Mogale and fined him R1,015,315.87 ($54,827) for providing unlicensed financial signals in the forex market. An FSCA investigation revealed that Mogale was operating under the alias “Forex Private Jet Injectors,” offering unauthorized financial advice and forex signals...

The Financial Commission, a leading external dispute resolution (EDR) forum catering to the financial services industry, today announces its participation at the upcoming FOREX EXPO Dubai conference on 7-8 October, 2024. The Financial Commission invites all brokers, attendees, and interested parties to visit booth #208 during the event to explore the Financial...

Webull Canada has officially launched options trading, providing its clients with powerful new tools to diversify investments and hedge against market risk. This new feature enables users to leverage market fluctuations more effectively, generating potential income through speculation and risk management, even during volatile periods. Michael Constantino, CEO of Webull Canada, said: “Options...