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Acting as Counterparty to Clients in South Africa Costs a Broker Almost 3 Times More

A retail broker that acts as its clients' counterparty in South Africa needs about R68.5 million ($3.8 million) in its first year, FM Intelligence estimates. An agent with the same marketing budget needs R24.6 million ($1.4 million), according to an analysis published today (Wednesday).The gap starts with the license. In South Africa, a financial services…

Pepperstone Signs Two-Time F1 Champion Alonso and Gives Him a Helmet

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Our Latest Daily Chop

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Editorial cartoon of the next James Bond casting debate featuring Jack Lowden, Callum Turner and the iconic 007 Aston Martin.

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Editorial cartoon of Donald Trump facing political consequences and accountability during his second presidency ahead of the 2026 US midterm elections.

The Idiot’s Guide to the US Midterms: What Exactly Are Americans Voting For? 

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Editorial cartoon showing Donald Trump in the White House while Democrats and Republicans compete for control of the US Congress, with the House and Senate represented as levers controlling the brakes on his presidency.

From Minus $37 to $115: Why Oil Is the Most Fascinating Market in the World 

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