publicly traded forex brokers

Retail FX broker share prices tumble – NAGA down 13%, Swissquote off 6%…

Two of 2021’s market darlings among public traded Retail FX brokers – Swissquote and NAGA.com – have performed the worst YTD in 2022.

The big winners in 2021, as far as share price goes, were Swissquote (SWX:SQN) and Naga Group (FRA:N4G).

In the first six months of 2021, shares of publicly traded Retail FX and CFD brokers were up on average by 19% (median 8%).

eToro is reportedly finalizing terms with an existing SPAC, and is set to move forward within the next two weeks.

Swissquote shares had been trading up sharply during the first two weeks of January ahead of the company’s announcement.

Shares of some publicly traded FX brokers are at or near all-time highs, reflecting the market’s optimism that the best is yet to come.

FNG has learned that 10-year-old Retail FX and CFD broker ThinkMarkets is in the latter planning stages for an initial public offering (IPO).

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