XTB Surpasses 1,000 Employees, 40% Work in IT
At a time when European fintechs are grappling with a declining economic situation, XTB goes against this unfavorable trend.| Financial and Business News | Finance Magnates
At a time when European fintechs are grappling with a declining economic situation, XTB goes against this unfavorable trend.| Financial and Business News | Finance Magnates
The publicly-listed retail trading company XTB wants to focus more on developing AI solutions for the retail trading industry.| Financial and Business News | Finance Magnates
XTB, known for its online investing platform and mobile app, has announced a notable milestone, reaching a customer base of one million worldwide.| Financial and Business News | Finance Magnates
OANDA, a leading trading services provider, announced today that it has completed the acquisition of the Polish broker Dom Maklerski TMS Brokers SA (TMS).| Financial and Business News | Finance Magnates
A customer services executive of OvalX confirmed that the company would shutter services on 17 March.| Financial and Business News | Finance Magnates
IG, a UK-based investing and trading platform, has launched a new campaign urging the public and government to reconsider the country's reliance on cash savings.| Financial and Business News | Finance Magnates
IG launches world’s first daily Tesla options, allowing same-day expiry trading as part of its campaign to grow UK retail investment.| Financial and Business News | Finance Magnates
The UK government has introduced a set of reforms called the "Leeds Reforms," aimed at increasing retail participation in financial markets.| Financial and Business News | Finance Magnates
IG has announced that PayPal will no longer be available as a payment option for users in the UK. This change follows discussions with the FCA.| Financial and Business News | Finance Magnates
Melbourne-headquartered Eightcap, a forex and contracts for differences (CFDs) broker, has quietly acquired a Dubai regulatory licence that allows it to offer financial consultation and operate as ...| Financial and Business News | Finance Magnates
Upvest, a Berlin-based investment infrastructure provider for Revolut and other popular retail trading platforms, has secured €100 million in Series C funding to expand its operations and enhance its investment technology platform.| Financial and Business News | Finance Magnates
KudoTrade, which launched a contracts for differences (CFDs) brokerage in recent months, is now entering prop trading and plans to launch the services in the “coming weeks.| Financial and Business News | Finance Magnates
Robinhood (NASDAQ: HOOD ) brought to light plans for a social trading platform that lets users share live positions and trading performance, taking aim at Reddit's influential WallStreetBets commun...| Financial and Business News | Finance Magnates
My Forex Funds has issued its official reaction to the lawsuit against it by CFTC, calling the allegations a "grossly inaccurate and incomplete."| Financial and Business News | Finance Magnates
The fraud charges against My Forex Funds brought by the US commodities regulator have shocked the rapidly growing prop trading Industry.| Financial and Business News | Finance Magnates
My Forex Funds has terminated its services as the CFTC in the US and the OSC in Canada have moved against the alleged fraud.| Financial and Business News | Finance Magnates
Zeal Capital Market (UK) Limited, the FCA-regulated unit that operates the ZFX broker brand, closed its fiscal year ending 30 June 2024 with a revenue of £802,437, marking a decline of 81 per cent.| Financial and Business News | Finance Magnates
Traze, a sister contracts for differences (CFDs) broker brand of ZFX, has strengthened its presence in the Middle East by securing an SCA First Category Licence from the UAE’s Securities and Commod...| Financial and Business News | Finance Magnates
New Zealand's financial markets watchdog wants to hear from the industry about how tokenization might reshape domestic markets, launching a consultation that could influence future rules for blockc...| Financial and Business News | Finance Magnates
The federally regulated derivatives exchange Kalshi, has filed a lawsuit against Nevada gaming regulators in a bid to continue offering sports and political event contracts, setting the stage for a...| Financial and Business News | Finance Magnates
Robinhood (Nasdaq: HOOD) has suspended offering Super Bowl event contracts only a day after listing them, following a request from the Commodity Futures Trading Commission (CFTC).| Financial and Business News | Finance Magnates
ICM Capital plans to end its operations in the UK, according to a notice on the regulator’s website that the forex and CFD brokerage firm has applied to cancel its authorization.| Financial and Business News | Finance Magnates
Orbex has shut down its contracts for differences (CFDs) brokerage business in the European Union and surrendered its Cyprus Investment Firm (CIF) licence, FinanceMagnates.| Financial and Business News | Finance Magnates
TrivePro, a UK-based broker, has decided to wind down its operations in the country this year. However, its parent company, Trive Financial Services UK Limited, was still required to release its financial results.| Financial and Business News | Finance Magnates
The United Kingdom’s Financial Conduct Authority (FCA) has revealed that around 20 per cent of contracts for differences (CFDs) brokers, including spread betting and rolling spot forex providers, a...| Financial and Business News | Finance Magnates
ADSSL, the British subsidiary of the Abu Dhabi-based brokerage group ADSS, has started to wind down its operations in the UK.| Financial and Business News | Finance Magnates
Spotware releases cTrader 5.4 with Python algo support, WebView mobile plugins, expanded APIs, upgraded charts, and a Mac risk-reward tool.| Financial and Business News | Finance Magnates
Trading technology provider Spotware has opened a new office in Kuala Lumpur, Malaysia, expanding its operations in the Asian financial markets.| Financial and Business News | Finance Magnates
AETOS, which gave up its United Kingdom licence last June, has now closed down its offshore operations under the Mauritius-licensed entity, FinanceMagnates.| Financial and Business News | Finance Magnates
Australia's financial watchdog has launched legal proceedings against Macquarie over allegations it misreported millions of short sales to market operators over a 14-year period, potentially distor...| Financial and Business News | Finance Magnates
Admirals (formerly Admiral Markets) has sold its Australian unit to PU Prime, another forex and contracts for differences (CFDs) broker, Finance Magnates has learned.| Financial and Business News | Finance Magnates
The UK unit of Admirals, a contracts for differences (CFDs) broker brand, has migrated accounts held by clients resident in the European Union to another operating company located in the continenta...| Financial and Business News | Finance Magnates
Admirals, a global trading and investment services provider, is once again accepting new clients in the European Union following a temporary pause earlier in 2024.| Financial and Business News | Finance Magnates
Admirals Group AS has released its unaudited financial results for the first half of 2025. The period saw lower client trading activity across the Group’s core European markets.| Financial and Business News | Finance Magnates
Australia's market watchdog has asked the Federal Court to appoint receivers to Australian Fiduciaries Limited and 30 related companies after the collapse of investment schemes that attracted...| Financial and Business News | Finance Magnates
Australia's financial regulator shut down MWL Financial Services and banned its managing director for a decade following what officials described as serious failures in how the firm handled client ...| Financial and Business News | Finance Magnates
In the second part of the ongoing series, I am delving deep into the regulatory structure and legality of Trader Funded Firms (TFFs).| Financial and Business News | Finance Magnates
Just seven days after SurgeTrader announced that Match-Trade had terminated its license, the prop trading firm has decided to cease operations.| Financial and Business News | Finance Magnates
The Financial Services and Markets Authority has issued a warning to the public regarding the perils associated with prop trading firms.| Financial and Business News | Finance Magnates
FTMO, a dominant player in the prop trading industry, is entering the retail brokerage space and has appointed Michael Kamerman as the Chief Executive of its brokerage division, Finance Magnates ha...| Financial and Business News | Finance Magnates
Competition in the UK's retail trading market turned out to be too great for Public.com, which suspended its local operations just after 8 months.| Financial and Business News | Finance Magnates
Online investment app Robinhood has announced its impending launch in the UK, which is scheduled for early 2024. Third's time a charm?| Financial and Business News | Finance Magnates
Capital.com’s Q2 trades rose 22% to 59M, with $850B volume up 29%, driven by index, commodity markets, and tariff-related shifts.| Financial and Business News | Finance Magnates
IG Group (LON: IGG) is expanding its services around digital assets as it prepares to launch spot cryptocurrency trading for retail investors.| Financial and Business News | Finance Magnates
Publicly listed fintech XTB (WSE: XTB ) plans to introduce spot cryptocurrencies to its offering, likely this year, Finance Magnates has learned.| Financial and Business News | Finance Magnates
VP Capital, which owns Capital.com and Currency.com, sold the latter (a cryptocurrency platform) to a group of investors represented by CXNEST Ltd.| Financial and Business News | Finance Magnates
Australia's securities regulator has taken down more than 330 fake investment websites this year that use images of prominent billionaires to trick people into bogus get-rich-quick schemes, marking...| Financial and Business News | Finance Magnates
Capital.com, the contracts for differences (CFDs) broker owned by billionaire Viktor Prokopenya, might be planning to launch physical cryptocurrency services.| Financial and Business News | Finance Magnates
Retail prop trading platform FundingPips has named Andria Evripidou as its new Group Managing Director, the company announced this week.| Financial and Business News | Finance Magnates
Plus500’s revenue for 2023 reached $726.2 million and the company acquired almost 91,000 new customers last year, raising active customer numbers to just over 233,000.| Financial and Business News | Finance Magnates
Plus500 (LON: PLUS) generated revenue of $182.6 million in the second quarter of 2024, which increased 14 per cent year-over-year. However, the figure dropped by 15.| Financial and Business News | Finance Magnates
London-listed Plus500 (LON: PLUS) has allocated an additional $100 million for its share buyback programs, the broker announced today (Tuesday).| Financial and Business News | Finance Magnates
IG CEO made $4.5M in FY25 . This week’s recap highlights interesting figures in executive pay in the CFD brokerage sector. IG Group CEO Breon Corcoran became the second-highest-paid chief among Lon...| Financial and Business News | Finance Magnates
The legal representatives of My Forex Funds and its CEO, Murtaza Kazmi, have responded to all the allegations brought by the CFTC and categorically denied them.| Financial and Business News | Finance Magnates
There is a high probability that a settlement deal is being negotiated between the proprietary trading firm My Forex Funds and regulators in the US and Canada, Finance Magnates has learned exclusiv...| Financial and Business News | Finance Magnates
My Forex Funds is seeking a sanction order against the CFTC for “misrepresentation of facts.”| Financial and Business News | Finance Magnates
Moneta Markets secures FCA license, partners with Atlético de Madrid in APAC, and plans to launch a proprietary trading firm soon.| Financial and Business News | Finance Magnates
Ultima Markets has secured authorisation from the Financial Conduct Authority (FCA) to offer contracts for differences (CFDs) to traders in the United Kingdom, FinanceMagnates.| Financial and Business News | Finance Magnates
The UK unit of AETOS, a contracts for differences (CFDs) broker, has given up its Financial Conduct Authority (FCA) licence and appears to be winding down its business entirely in the country.| Financial and Business News | Finance Magnates
Hirose UK has notified on Thursday that it has stopped taking clients from the European Economic Area (EEA) due to the impact of Brexit on its business.| Financial and Business News | Finance Magnates
Hirose Financial, which offers forex and contracts for differences (CFDs) trading services, has suspended onboarding new retail traders under its United Kingdom and Labuan-regulated entities, Finan...| Financial and Business News | Finance Magnates
Dubai’s regulators may have had the luxury of starting on a blank sheet of paper: it attracted and utilised talent and knowledge from experienced professionals that worked in more mature supervisor...| Financial and Business News | Finance Magnates
DIFC added 1,081 companies and nearly 48K professionals in H1; FinTech firms grew 28% to 1,388, hosting 70+ brokers including Interactive Brokers.| Financial and Business News | Finance Magnates
Evidence shows that the CFTC was aware of its mischaracterization of the payments in the initial allegations against My Forex Funds.| Financial and Business News | Finance Magnates
My Forex Funds filed a motion in court responding to several of the allegations brought against it by the CFTC.| Financial and Business News | Finance Magnates
The New Jersey court, tonight (Tuesday), partially granted My Forex Fund's request in the lawsuit filed by the CFTC against the company.| Financial and Business News | Finance Magnates
The U.S. Commodity Futures Trading Commission ( CFTC ) has moved to voluntarily dismiss its appeal against Kalshi, effectively allowing the New York-based derivatives trading platform to continue o...| Financial and Business News | Finance Magnates
Former financial services director Mark Francis McCabe has been sentenced to four years and three months in prison for orchestrating a sophisticated forex trading scam that defrauded investors of n...| Financial and Business News | Finance Magnates
Australia's financial market watchdog has uncovered significant compliance failures across the managed investment sector. The responsible entities have overseen nearly $1 trillion in assets that ha...| Financial and Business News | Finance Magnates
The Commodity Futures Trading Commission (CFTC) added 43 more foreign entities to its RED List in the latest warning to U.S. investors about unregistered operators offering trading services without...| Financial and Business News | Finance Magnates
The increasing popularity of prop trading firms has attracted the attention of regulators as ESMA ran an initial check on such prop trading firms and also discussed possible regulations in the industry.| Financial and Business News | Finance Magnates
Robinhood (Nasdaq: HOOD) has launched its brokerage services in the United Kingdom after two failed attempts.| Financial and Business News | Finance Magnates
Plus500, the Israeli retail broker listed in London (LON: PLUS), today (Monday) announced the extension of its ongoing share buyback programme with the allocation of an additional $110 million, whi...| Financial and Business News | Finance Magnates
Commodity Futures Trading Commission (CFTC) Commissioner Caroline D. Pham has issued a statement calling for immediate action to address alleged misconduct by CFTC staff.| Financial and Business News | Finance Magnates
The US Commodity Futures Trading Commission (CFTC) has placed four lawyers and one investigator on administrative leave due to allegations of misconduct in the fraud case against Traders Global Gro...| Financial and Business News | Finance Magnates
The lead attorney of the Commodity Futures Trading Commission (CFTC), Ashley Burden, admitted he was “careless and sloppy” during the investigation in its lawsuit against the proprietary trading pl...| Financial and Business News | Finance Magnates
In the lawsuit, CFTC's Division of Enforcement claimed that the defendants, Traders Global Group and founder Murtuza Kazmi, fraudulently solicited customers to enter into leveraged forex exchange transactions.| Financial and Business News | Finance Magnates
Commodity Futures Trading Commission (CFTC) Commissioner Caroline D. Pham bravely shared her statement following the Sanctions Motion filed by My Forex Funds (MFF).| Financial and Business News | Finance Magnates
A U.S. federal judge has dismissed the Commodity Futures Trading Commission’s (CFTC) complaint against Traders Global Group Inc., the parent company of My Forex Funds, with prejudice.| Financial and Business News | Finance Magnates
A Special Master has recommended that a U.S. court impose sanctions and "dismiss with prejudice" the case brought by the Commodity Futures Trading Commission (CFTC), accusing the agency of delibera...| Financial and Business News | Finance Magnates
Prop trading firm Funding Pips is facing a setback as Trustpilot, a platform where real users provide reviews, has “temporarily suspended” its profile page.| Financial and Business News | Finance Magnates
Estonia-based Admirals (previously Admiral Markets), a forex and contracts for differences (CFDs) broker, is selling its Australian subsidiary in an attempt to “optimise its geographic focus.| Financial and Business News | Finance Magnates
In the first half of 2024, Admirals Group AS reported increased trading revenues and positive EBITDA despite low market volatility.| Financial and Business News | Finance Magnates
Admirals Group AS reported a net loss of 1.6 million euros for the fiscal year 2024, a significant improvement from the 9.7 million euro loss in 2023.| Financial and Business News | Finance Magnates
The Cyprus Securities and Exchange Commission has announced enforcement measures against local investment firm Triumph Int.| Financial and Business News | Finance Magnates
The authorities in Malaysia have received 72 complaints from alleged victims of TriumphFX, which, according to locals, is a fraudulent offshore forex broker.| Financial and Business News | Finance Magnates
Plus500 (LON: PLUS) revealed today (Monday) that it ended 2024 with revenue of around $768 million and EBITDA of about $342 million.| Financial and Business News | Finance Magnates
Canadian regulation community makes it clear that it has no plan to regulate the binary options market in Canada.| Financial and Business News | Finance Magnates
Plus500 (LON: PLUS) entered the United States futures market in 2021, which has now become “strategically important” for it and “represents a multi-year growth opportunity.| Financial and Business News | Finance Magnates
Financial technology company Plus500 Ltd. reported its full-year results for 2024, showing revenue of $768.3 million, a 6% increase from the previous year, while announcing new shareholder returns.| Financial and Business News | Finance Magnates
The legal representatives of Traders Global Group, operating as My Forex Funds, are seeking sanctions against the Commodity Futures Trading Commission.| Financial and Business News | Finance Magnates
