Tagged: brokerage

November 25, 2020 @ 10:10 am By Samantha Hurst  |  

UP Fintech Holding Limited (NASDAQ: TIGR), an online brokerage firm focusing on global investors, announced on Wednesday it opened its one millionth customer account. The company reported that since launching its flagship APP, Tiger Trade, six years ago, it has invested heavily in innovation and now… Read More

January 24, 2020 @ 10:23 pm By Samantha Hurst  |  

Morgan Stanley announced on Thursday the launch of CashPlus, which is described as a new brokerage account that offers clients a “modern alternative” to banking. According to Morgan Stanley, the CashPlus Account replaces the Premier Cash Management program. The account offers two account types, the… Read More

December 10, 2019 @ 3:26 pm By Samantha Hurst  |  

CoinBurp, a UK-based crypto brokerage, is now seeking £300,000 through its new equity crowdfunding campaign on Crowdcube. Founded in 2018, CoinBurp claims to be one of the largest crypto brokerages in the UK, with a turnover of £100 million. “CoinBurp’s mission is to create a… Read More

November 25, 2019 @ 7:59 am By JD Alois  |  

As predicted last week, online broker Charles Schwab (NYSE:SCHW) has announced the purchase of TD Ameritrade (NASDAQ:AMTD) in a deal worth $26 billion. According to Schwab, the all-stock transaction represents a 17% premium of TD Ameritrade’s average share price as of November 20, 2019. Shares… Read More

November 21, 2019 @ 7:33 am By JD Alois  |  

Two titans in the online brokerage space are preparing to merge, according to multiple reports. Schwab and TD Ameritrade are poised to combine operations in a deal that could be finalized as soon as today for an estimated $26 billion purchase. The move to consolidate… Read More

October 2, 2019 @ 8:11 am By JD Alois  |  

Yesterday, Charles Schwab announced it would eliminate trading commissions on US-listed equities, ETFs and options (keeping a small per contract charge). As Crowdfund Insider predicted, other online brokerages are copying Schwab’s actions as TD Ameritrade (NASDAQ:AMTD) has now done the same. Starting October 3rd, clients… Read More

October 1, 2019 @ 9:42 am By JD Alois  |  

While many Fintech focused stock trading platforms do not charge a commission for trades many traditional brokers still charge a fee. Today, Charles Schwab (NYSE:SCHW) has announced it will no longer charge commissions for online trading. Expect other online brokers to soon follow suit. Shares… Read More

August 1, 2019 @ 11:05 am By JD Alois  |  

Digital bank Revolut is now offering commission-free stock trading service. Revolut has indicated its intent to offer a brokerage service in the past. The Fintech is now allowing Revolut Metal customers first access with access to all customers being rolled out in the coming weeks…. Read More

June 25, 2019 @ 9:11 am By JD Alois  |  

Yesterday, Crowdfund Insider previewed Freetrade’s crowdfunding round on Crowdcube. Today, the offer is live and out of private mode so we wanted to provide an update. As it stands now, Freetrade has easily topped its low-end hurdle of £1 million as it seeks to raise… Read More

April 4, 2018 @ 12:00 pm By JD Alois  |  

Last month, the TMX Group (the operator of the Toronto Stock Exchange) announced that its subsidiary, Shorcan Digital Currency Network, will be working with Paycase Financial to launch a new cryptocurrency brokerage service initially focused on Bitcoin and Ether. Shorcan DCN is expected to launch at… Read More

January 22, 2017 @ 3:56 pm By JD Alois  |  

Finvasia is an India-based Fintech firm that hit the radar last year when it raised an undisclosed sum of investment capital at a valuation of around $22 million. The company’s mission is to become the brokerage of choice by providing zero commission trading. Yep free… Read More