Daily Dose of Broker News: UK Focus

Marex plans a $2.8B valuation in U.S. listing post-abandoned UK IPO. They filled out papers with the U.S. Securities and Exchange Commission (SEC).

INFINOX UK confronts financial challenges in 2023, witnessing a sharp drop in profits. Despite headwinds, the broker eyes strategic growth in 2024.

Robinhood announces a third attempt at launching in the UK in 2024, confident in serving customers with 24-hour trading and a secured FCA license.

Tickmill UK reports a 19.5% decline in profit in 2022, dropping from £7.16 million to £6.18 million.

FxPro UK reported a significant 20% growth in annual revenue to £1.11 million in 2022. However, its net profit saw a loss of £614,558.

FXCM UK Ltd. reported an 11.2% revenue drop to $10.74 million in 2022. However, its profits experienced substantial growth.

Retail investors often encounter difficulties in building a diversified investment portfolio due to the expensive price share. To address this issue, XTB's Fractional Shares offering endeavors to promote inclusivity in the stock market.

FXCM Group's UK and Cyprus branches have changed their names to Stratos Markets and Stratos Europe.

ADSS ceased the service and license in the UK to refocus on the institutional clients in other entities of the group.

FXTM UK revealed its financials for 2022, claiming a slight decline in revenue to £1.68 million and recording a high jump in Profit of 1.902% from the previous year.