Given the amount of time and effort which goes into running a successful investment strategy, it’s often surprising how many traders skim over and over analyse the health of their broker. One quick and reliable way to check on how secure funds in a brokerage account are is to take advantage of the broker’s reports to shareholders regarding its performance.
The quarterly earnings season, which is currently in full flow, has undoubtedly stirred the markets. Facebook / Meta’s share price fell over 20% in value on the back of bad numbers, and winners such as Amazon saw its price surge thanks to beating the analysts’ forecasts. The big brokers have also been releasing their performance updates, and with household names opening their books and records to public scrutiny, there have been some interesting announcements.
Listed on the London Stock Exchange, CFD specialist Plus 500 announced figures that point to a strong trading performance in 2021. The broker stated it expects to close the year with $718m in revenue. Of that total, $160 million will have been generated in the final quarter. Those with accounts at Plus 500, or considering setting one up, will also take comfort from the impressive share price performance, with the stock price recording a +100% return over the last two years.
Plus 500 Share Price 2019 – 2022
The impressive proprietary trading platform offered by XTB is a big plus point for its clients. The high-grade charting tools and user-friendly functionality provide an ideal foundation for making a success of trading, and the firm continues to build its client base with more than 42,000 new accounts opened in Q4. The firm’s Q4 figures illustrate how the popularity is helping its bottom line, with Q4 profits for 2022 being 74% up on a year-on-year basis.
The fact that it now hosts more than 20m account holders is proof that eToro has successfully expanded its suite of services and is more than just a copy trading platform. The global trading platform has reported substantial numbers, which will help its plans to float at some point during 2022. It expects to finish Q4 with total commissions between $285m and $295m.
At Forex Fraud, we, unfortunately, continue to receive messages from traders who have been scammed. Given the apparent financial health of high-ranking regulated brokers, there is little reason to choose a firm, not on this list of trusted brokers. By using the online reviews of each broker, it’s even possible to find one which is the best fit for a particular style of trading.
Crowdsourcing information about scam brokers can help others avoid falling into the traps set by disreputable brokers and you can share your experiences here. If you want to know more about this particular topic, or have been scammed by a fraudulent broker, you can also contact us at [email protected]
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Safest Forex Brokers 2022
|Broker||Info||Best In||Customer Satisfaction Score|
|#1||Your capital is at risk Founded: 2006||Globally regulated broker||
BEST CUSTOMER SUPPORT Visit broker
|#2||Your capital is at risk Founded: 2014||Global Forex Broker||
BEST SPREADS Visit broker
|#3||66% of retail CFD accounts lose money Founded: 2014||Global Forex & CFD Broker||
Best Trading Conditions Visit broker
|#4||67% of CFD traders lose Founded: 2007||Global CFD & FX Broker||
ALL-INCLUSIVE TRADING PLATFORM Visit broker
|#5||72 % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Founded: 2008||Global CFD Broker||
Best Trading App Visit broker
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