Skip to content
  • Home
  • About
  • Contact
  • Page
  • ​Master SEO Tactics
  • Top 9 Finance News Websites Ranking
wikifx

wikifx

  • Home
  • About
  • Contact
  • Page
  • ​Master SEO Tactics
  • Top 9 Finance News Websites Ranking
  • Toggle search form
  • Walmart’s Litecoin deal sends the crypto up 6% forex news
  • SEC warns ex-Goldman analyst accused of insider trading violates Court orders forex news
  • Australians report over $70M in losses due to investment scams in H1 2021 forex news
  • “Short squeeze” lawsuit plaintiffs slam Robinhood, Citadel Securities for PFOF forex news
  • SEC considers revoking registration of ParagonCoin securities forex news
  • Worldline to enable online businesses to launch their own payment method forex news
  • Mogo appoints Allan Smith as Head of Carta Worldwide forex news
  • Tradeweb introduces Trade at Close functionality for electronic portfolio trading forex news

Retail FX broker shares hit hard by market turmoil: NAGA.com -15%, Swissquote -5%…

Posted on 2022-02-25 By admin No Comments on Retail FX broker shares hit hard by market turmoil: NAGA.com -15%, Swissquote -5%…

Shares of a number of publicly traded Retail FX and CFD brokerage firms are taking a beating, as financial markets have been set off by Russia’s invasion of Ukraine.

While equity markets globally are taking a hit today – DAX is down 5%, FTSE -3%, CAC -5%, and US equity futures are pointing to a 2-3% drop in the S&P 500 and NASDAQ indices – a number of Retail FX firms have reacted especially harshly, even after more recent sharp declines in their valuations.

Hardest hit in the group has been NAGA Group AG (ETR:N4G), operator of the CySEC licensed NAGA.com brand, which is seeing its share price drop by 15% down to €4.25, less than half its 52-week high set in November 2021 and close to its 52-week low from last April. That has come despite NAGA recently reporting strong revenues to begin 2022 in January of €8 million.

Also taking a beating are shares of Swissquote (SWX:SQN), down today by 5% to CHF 147.60. Swissquote shares have now dropped by more than 30% in less than eight weeks, since hitting a 52-week and all-time high of CHF 212.50 in early January.

Other online brokers, and in particular the leading UK based firms, are seeing a much milder drop with IG Group (LON:IGG) down 1.6%, Plus500 (LON:PLUS) down 3.7%, and CMC Markets (LON:CMCX) actually rising slightly +0.2% today.

We find the (over?) reaction in FX broker shares somewhat surprising, and another sign that investors don’t totally “get” the business model at Retail FX firms. Our expectation is that February is going to be a very good month for Retail FX and CFD brokers, both in terms of trading volumes and revenues/profits.

Retail FX brokers do well when they have more trading volumes. And trading volumes increase, even spike, when there’s market volatility in any direction.

Another good example is March 2020. When equity markets had their worst month in years as the COVID-19 pandemic unfolded and the world started to “shut down”, quite a number of Retail FX brokers reported some of their best-ever trading volumes, revenues, and profits.

NAGA Group share price, past 6 months. Source: Google Finance.

forex news Tags:forex-news

Post navigation

Previous Post: Fusion Fx and Magnates Trade have their websites blocked in Italy
Next Post: MOEX Moscow Exchange suspends all market transactions

Related Posts

  • Saxo Bank launches new version of OpenAPI forex news
  • Equiniti acquisition by Earth Private Holdings gets closed forex news
  • Institutional FX volumes continue to climb in March 2022, records set forex news
  • FX week in review: Finalto sold (and names COO), Optimove raises $75M, Pepperstone ME head forex news
  • New Zealand watchdog censures Firma Foreign Exchange Corporation (NZ) forex news
  • Spotware rolls out cTrader Mobile 4.0 forex news

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • EUR/USD Holds Near 1.05 as Fed, ECB Policies Shape Market Sentiment
  • Gold Prices Hold Steady Amid Global Economic Uncertainty
  • Australian Dollar: How RBA Policies, Commodity Prices, and Global Tensions Are Shaping the AUD’s Market Performance
  • EUR/USD: Understanding the Currency Pair’s Trends
  • USD Under Pressure: Navigating Economic Data and Global Uncertainties

TAG

Axiory Review 2022 B2B B2Broker News Basic Forex Knowledge broker brokers brokers in the UK Brokersview Broker tools CFDs coin News cryptocurrency Cryptocurrency News Crypto News dogecoin FCA news finance forex forex-news Forex Broker Forex Brokers Forex Demo Account Forex market forex news forex scams forex time Forex trading fx fxtrader fxtrading Global Forex Gold Analysis HotForex InstaForex LiteForex Review 2022 markets work MT4 MT5 news OctaFX Review Samtrade FX South Africa trade Forex traders Trading Forex
  • Flowlinx block liquidity search made available on FlexTRADER EMS forex news
  • Eurex to launch Bitcoin ETN futures forex news
  • Sérgio Rial to become chairman of Santander Brazil’s BoD forex news
  • Global Brokerage posts stockholders’ deficit of $183.5M at end of Q3 2021 forex news
  • Cboe to implement automated halt process for certain options during GTH forex news
  • Cboe issues statement on passing of Wayne Luthringshausen forex news
  • FINRA goes after StockKings forex news
  • Trading Technologies invests $6.35M in tech and software co KRM22 forex news

Copyright © 2025 wikifx.

Powered by PressBook News WordPress theme