Broker Updates on August 10–16

Vietnam

H1 Revenues

1. Plus500 H1 Revenues Soar 281% YoY, Launches New Share Buyback. The Israel-based broker reported total revenue of $564.2 million for the first half of this year.

Solid H1

2. Swissquote Posts Solid H1 2020 Results, Beats Expectation. The platform generated a pre-tax income of CHF 10 million in July.

Trading technology

3. Pelican Integrates Copy Trading Solution into USG UK Platforms. USG UK will be able to provide its client base with the features offered by Pelicans technology.

Margin Relaxed

4. OANDA Japan Relaxes Margin Requirements for Corporate Accounts. Margin has been relaxed for two currency pairs - GBP/SGD and NZD/SGD.

Top Brokerage

5. Robinhood has come out on top of the United States brokerage industry for the month of June, with the commission-free stock trading app reporting the strongest daily average revenue trades (DARTs) against its rivals.

Thailand

New Office

6. ATFX opened an office in Poland.

IFSC Regulator

7. 24Option is now regulated by IFSC of Belize. The broker also accepts Perfect Money payment system for deposits and withdrawals.

Payza Payment

8. AAFXtrading introduced support for Payza payment system.

Multi-payment

9. Alpari added a multitude of payment options: UnionPay, FasaPay, Perfect Money, Yandex.Money, QIWI, Litecoin, and Ethereum.

Indonesia

Media Accounts

10. The Ministry of Trade through the Commodity Futures Trading Supervisory Agency (Bappebti) blocks social media accounts and website domains of entities that do not have a business license as futures brokers. The blocking is carried out through the Ministry of Communication and Information.

New Branches

11. PT. Didimax Berjangka which is headquartered in Bandung City has prepared IDR 105 billion to invest in 7 new branch offices in various regions of Indonesia this year.

Virtual Balance

12.To attract traders in Indonesia, by registering a new account on the site, new user will get access to a demo account with a virtual balance of US $ 10,000. Salmamarket also provides a bonus, one of which is a 50% deposit.

Russia

Donation to Lebanon

13. XM donated a large sum of money to the Lebanese Red Cross to help with the aftermath of the August 4 blast in the port of Beirut.

Free Webinar

14. Alpari held a free webinar “PAMM Service: How to Build Your First Portfolio” on August 12. At the webinar, they discussed the principle and the main indicators of the PAMM account, selecting a PAMM account and adding it to the PAMM portfolio, and other related to PAMM themes.

Brokers Rating

15. The Moscow Exchange has published another rating of the activity of the leading trading operators. At the end of July 2020, FINAM Group of Companies again became the leader among Russian brokers in the futures and options market of the Moscow Exchange in terms of the number of active clients. According to the rating, the number of active clients of the company in July exceeded 21 thousand people, which is 38% higher than the result of the closest competitor.