DXtrade, the white-label trading platform by Devexperts, has integrated AI BI’s AI-powered analytics tools to automate data analysis, improve sales strategies, and enhance risk management for brokers and proprietary trading firms. Jon Light, Head of OTC Platform, emphasized that the integration ensures brokers have access to innovative tools to grow their businesses. AI BI’s features include client behavior monitoring and operational ... [show/hide]
Tuesday 11 February, 2025
Seacrest Funded, formerly MyFundedFX, has announced an indefinite restriction on new service purchases from U.S.-based customers. While the firm has not disclosed specific reasons, the decision was made to ensure the long-term stability and success of its operations. This policy change only impacts prospective U.S. customers. Existing clients in the United States will continue to have uninterrupted access to services, with the firm emphasizing its ... [show/hide]
Tuesday 11 February, 2025
MyFundedFX has officially rebranded as Seacrest Funded, unveiling a new name, logo, and visual identity. The rebrand reflects the firm's commitment to innovation and future growth while maintaining its dedication to delivering exceptional service. CEO Matthew Leech assured traders that the rebranding is purely aesthetic and will not impact trading activities, accounts, payouts, or daily operations. The transition will be implemented in stages over the ... [show/hide]
Monday 10 February, 2025
FTMO, the prop trading firm that recently acquired OANDA, ended 2023 with over CZK 1.94 billion ($81.5 million) in cash, a 275% increase from the previous year. The firm generated $213 million in revenue, with an EBITDA of nearly $100 million and a net profit of $79.3 million. FTMO’s acquisition of OANDA, a well-established forex and CFDs broker, marks its entry into the brokerage space. While the financial details remain undisclosed, FTMO’s strong ... [show/hide]
Friday 07 February, 2025
MetaQuotes Software has increased licensing fees for MetaTrader 4 and 5 by 20–25%, pushing the monthly cost for a full package to over $50,000. The hike, effective January 1, 2025, was first reported by Finance Magnates in December 2024. MetaQuotes cites rising operational costs and service investments as the reason for the increase. While fee adjustments vary by broker agreements, industry sources confirm a substantial impact on brokerage expenses. The ... [show/hide]
Friday 07 February, 2025
NAGA Group AG reported €62.3 million in revenue for 2024, aligning with expectations as the company focused on integrating CAPEX Group and streamlining operations. Cost-saving measures, including reduced marketing and personnel expenses, resulted in a 13% EBITDA margin, up from 11% in 2023. Despite lower revenue compared to €77.5 million in 2023, NAGA achieved cash break-even, marking its first step toward self-sustainability. The company expects ... [show/hide]
Friday 07 February, 2025
Goat Funded Trader (GFT) has launched the Instant Goat Account, offering instant funding with no evaluation. Traders benefit from bi-weekly payouts, an 80% profit split, and 1:50 leverage for greater flexibility. Unlike traditional accounts, there are no profit targets, allowing traders full control over their strategies. Risk management includes a 3% max daily loss and 6% max total loss. This new offering strengthens GFT’s commitment to providing fast, ... [show/hide]
Thursday 06 February, 2025
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