New Zealand fraud victims deceived by fake UK FCA financial emails
Interactive Brokers Group, Inc. (Nasdaq: IBKR) reported strong growth in January. They saw an 11% increase in Daily Average Revenue Trades (DARTs) compared to last year and a 12% increase from the previous month. Client equity reached $424.0 billion, up 26% from last year. Client accounts grew by 23% to 2.63 million. The company's financial report for Q4 2023 also showed impressive growth, with net revenue reaching $1.139 billion and income before tax rising to $816 million. Commission revenue and net interest income also saw significant increases. Overall, Interactive Brokers continues to demonstrate success and stability in the brokerage industry.
Sam Eder, the Head of Emerging Markets at OANDA, is leaving the company after 15 years to start his own business called Market Mates. This is not his first venture, as he previously founded FX Renew. Market Mates' focus is still unknown as the website is under construction. This trend of experienced professionals leaving established careers to become entrepreneurs is common in the FX/CFD industry. Andrew Gibson, another industry professional, recently left Tavira Financial to launch his brokerage firm called Timberfx.
A new scam has emerged in New Zealand, where scammers impersonate the UK's Financial Conduct Authority (FCA) and offer to help recover lost funds. The scammers target individuals who have previously fallen victim to financial fraud. The Reserve Bank of New Zealand (RBNZ) warns people to be cautious and verify the source before making any payments. Additionally, there has been an increase in websites pretending to be registered firms in New Zealand, offering financial services to retail customers. The Financial Market Authority (FMA) has issued warnings and encourages vigilance.
XTB reported strong financial results for 2023. The company saw a surge of 51% in active clients, reaching 311,971. Net profit increased by 3% to PLN 791.3 million, and revenue grew by 10% to PLN 1,588.2 million. The driving forces behind this success were increased market volatility, expanded clientele, and higher CFD contract volumes. Operating costs rose, but XTB's client base flourished with a record-breaking number of new clients.
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