Brokers News Platforms 

Exclusive: Amana Capital Joins ZuluTrade Social Trading Platform

“Amana Capital has just become the latest brokerage to join the social trading platform of ZuluTrade” reports financemagnates.com. The social trading platform provides a list of customization settings for auto-trading to ensure maximum efficiency as well as risk management. This is the main reason we picked ZuluTrade to deliver to our clients a brand new, engaging social trading experience.”. Amana Capital’s decision to open access to its clients to a social trading platform is in line with the company’s strategy to provide more unique products to its clients. Source: financemagnates.com Share…

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Brokers News 

Cenkos reinstates former boss and co-founder Jim Durkin to steer turnaround

“City broker Cenkos has reinstated its former chief executive and co-founder Jim Durkin just 18 months after he stepped down” writes Liam Halligan for telegraph.co.uk. Mr Durkin, who has more than 30 years of experience in the UK securities industry, will return to head up the company “once regulatory approval has been received”, replacing Anthony Hotson, the former Bank of England economist who joined the firm in August last year.The Aim-listed broker also announced that chairman Gerry Aherne has retired after six years in the role.Jeff Hewitt, acting chairman, said: “We welcome…

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Brokers News 

Merrill Lynch slashes broker pay

“Merrill Lynch is cutting broker pay to trim costs — while at the same time providing an incentive to promote cross-selling of parent-bank products and spur growth” writes Lisa Beilfuss for marketwatch.com. Financial advisers at Merrill Lynch and other brokerages typically keep a portion of what they generate through asset-management fees, commissions and other factors.The changes would likely mean a 3% pay cut for the average Merrill adviser, who produces about $1 million in annual business.Instead, Merrill said it will pay brokers on 97% of their wealth-management production monthly.In 2018,…

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Brokers News 

NICK CAVE: Star Shares Beautiful Open Letter About Communicating With His Late Son

“Nick Cave has shared a beautiful open letter in response to a fan who asked if he communicated with his late son” writes unknown author for huffingtonpost.com. Grief and love are forever intertwined,” Cave wrote first about his experience in dealing with grief. “Grief is the terrible reminder of the depths of our love and, like love, grief is non-negotiable.Nick’s son died at the age of 15 after falling off a cliff near Brighton, with Nick telling of how he is still dealing with his grief now.Responding to a fan…

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Brokers News 

Nick Cave shares letter about communicating with late son

“Nick Cave has shared a beautiful open letter in response to a fan who asked if he communicated with his late son” writes unknown author for huffingtonpost.co.uk. Grief and love are forever intertwined,” Cave wrote first about his experience in dealing with grief. “Grief is the terrible reminder of the depths of our love and, like love, grief is non-negotiable.Nick’s son died at the age of 15 after falling off a cliff near Brighton, with Nick telling of how he is still dealing with his grief now.Responding to a fan…

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Brokers Crypto News 

FCA Blacklists Crypto Clone Firm and Unauthorised FX Broker

“According to the warnings, Cryptobourse is a clone firm of an FCA-regulated Crypto Facilities Limited and Meta Investing is operating without a licence” reports financemagnates.com. According to the warning, Meta Investing has three London addresses, with its trading office based at Complex Ajeltake Island, Majuro, MH96960, Marshall Islands. Source: financemagnates.com Share This:

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Brokers News 

Exclusive: New CFD Brokerage Emporium Capital Acquires CySEC License

“The latest company to join the brokerage industry on the island is Emporium Capital” reports financemagnates.com. Emporium Capital enters the space in one of the most challenging periods for the FX industry.The website of the new brokerage company is still not operating, but the firm’s office in the center of Nicosia is now open. Source: financemagnates.com Share This:

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Brokers GBP Markets News 

How Have Brexit and ESMA Impacted the FX Job Market?

“This is the second article in a four-part series, aiming to dive into the various aspects of human resources in the forex industry” reports financemagnates.com. Brexit, blockchain, cryptocurrencies and regulatory changes – the foreign exchange (forex) industry has seen it all.This is despite fears that Brexit would negatively hurt UK jobs in the finance industry.Will Brexit and regulation from the European Securities and Markets Authority (ESMA) be the death of the industry?. Are London-based brokers now only hiring UK citizens to avoid any future hassles?.  Source: financemagnates.com Share This:

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Brokers Crypto News 

Leverate Debuts Crypto Payment Gateway For FX Brokers

“Foreign exchange (FX) brokerage solutions provider Leverate is rolling out a cryptocurrency solution aimed at promoting crypto adoption among brokers and businesses” reports pymnts.com. We believe that safe and stable payment solutions are the next step in the cryptocurrency evolution.”. The addition of the payment gateway solution targets friction in brokers’ clearance processes and automatically exchanges clients’ fiat currencies to cryptocurrencies.The launch of Terrexa Pay follows the introduction of the Terrexa brand by Leverate to allow users to exchange fiat currency for cryptocurrency. Source: pymnts.com Share This:

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Brokers Crypto News 

Leverate Launches B2B Crypto Payments Solution ‘Terrexa Pay’

“Trading technology provider Leverate has launched a new service called Terrexa Pay which aims to help brokers and other businesses adopt cryptocurrencies” reports financemagnates.com. Terrexa Pay represents Leverate’s latest initiative into the crypto space which mainly aim to improve client retention and acquisition amongst brokerages.Leverate previously outlined to Finance Magnates the group’s forward-looking agenda and efforts to help brokers.Terrexa Pay emphasizes simplicity as the company offers a plugin or a widget application to integrate the service into the brokerage website alongside other payment options. Source: financemagnates.com Share This:

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