StoneX registers 32% Y/Y jump in FX/CFD revenues in Q2 FY22
StoneX reported operating revenues derived from FX/CFD contracts of $98.9 million in the three months ended March 31, 2022.
Forex.com is one of the oldest and most recognizable brands in online Retail FX and CFD trading. It was the leading brand of publicly traded brokerage Gain Capital Holdings Ltd., which also operated City Index in the UK and the GTX institutional FX trading operation.
Bedminster, NJ based Gain Capital was acquired by StoneX Group (Nasdaq:SNEX), formerly INTL FCStone, in July 2020 for $236 million, and since then Forex.com is a unit of StoneX.
Forex.com trading volumes have averaged about $200 billion per month in 2020.
StoneX reported operating revenues derived from FX/CFD contracts of $98.9 million in the three months ended March 31, 2022.
FOREX.com also disclosed that it would offer Canadian customers commission-free CFD stock trading through July 1, 2022.
Two major Forex brokers – OANDA and GAIN Capital, are still locked in a patent fight in Court.
FOREX.com Japan has suspended opening of new positions in USD/RUB and EUR/RUB since February 24, 2022.
StoneX reported operating revenues derived from FX/CFD contracts of $72.2 million for the three months ended December 31, 2021.
FX News Group reviews how some of the world’s major Forex and CFD brokers adapt to IBOR transition.
FOREX.com Japan plans to raise the required margin for USD/TRY, TRY/JPY and EUR/TRY, effective December 30, 2021.
FOREX.com warns that the Turkish lira (TRY) is volatile due to political and economic events, so certain restrictions may be imposed.
StoneX reported operating revenues from FX/CFD contracts of $55.7 million in the three months to end-September 2021.
StoneX, the new owner of the FOREX.com brand, has confirmed that the retail FX broker launched operations in Latin America.