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Category: Forex Trading News

Forex Trading News 0

BGC Partners Sees Marginal Increase in FX Revenue in Q1

BGC Partners, a major financial technology and brokerage firm, released its first quarter 2023 metrics on Wednesday, reporting a marginal increase in its consolidated revenue from forex trading. The revenue rose 0.2% to $80.2 million (or 1% in constant currency), compared to the first quarter of 2022. FX Generates Smallest Revenue GrowthThe revenue boost was the least among all asset […]

Forex Trading News 0

The Use of Offshore Tax Havens for Investments and Tax Avoidance

For many years, people have exploited offshore tax havens as a strategy to avoid paying taxes on their income and assets. These havens are nations or territories with minimal or no regulation, low tax rates, and stringent banking secrecy rules. Although it is legal to use offshore tax havens, the practice has generated debate because many people question the morality […]

Forex Trading News 0

International Scamming Network: Israel Awaits German Extradition Request

Two weeks after Europol’s announcement of the arrest of five suspects for running a massive international scam network, Israel has completed the investigation in its territory and is awaiting an official request from Germany to extradite suspects. The network’s ‘headquarters’ was based in Israel and the ‘executive arm’ was based in Romania and Bulgaria. The scam so far cost at […]

Forex Trading News 0

IronFX UK Sees 2022 Profit Rise despite Fall in Revenue

Notesco UK Limited, which operates the brokerage brand IronFX in the United Kingdom, published its annual financials for 2023, showing a correction in the revenue at $643,795. The figure dropped by more than 25 percent from the previous year’s $863,071 when the firm doubled its revenue. Profit of IronFX UK Climbs The company ended the year with a pre-tax profit […]

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