Other news making headlines this week: prop company Funded Nation halted operations; Japanese crypto exchange Coincheck debuted on Nasdaq; and Kraken Australia was fined AU$8M.
CFD broker Admirals sold its Australian unit.
Brokers Are Leaving MetaTrader Behind When Integrating TradingView
MetaQuotes, the company behind MetaTrader platforms, is restricting brokers from integrating TradingView with the support of MT4 and MT5 on the backend. The company has restricted multiple brokers from using MetaTrader with TradingView, Finance Magnates learned from several industry sources.
The firm crafted the clauses in MetaTrader platforms' usage terms and conditions to restrict brokers from integrating with other third-party platforms, Finance Magnates verified. The terms do not specifically mention TradingView but cover all non-MetaTrader trading environments.
XTB Launches Zero-Fee Individual Savings Accounts
As promised earlier this year, XTB launched stocks and shares Individual Savings Accounts (ISA) for UK investors. These accounts offer zero-commission trading alongside a 4.75% interest rate on uninvested cash balances.
The new tax-efficient investment vehicle marks a departure from traditional ISA offerings, combining commission-free trading for most investors with competitive interest rates on idle funds. The account maintains full flexibility, allowing customers to manage their investments without sacrificing tax benefits.
CMC Invest Taps TipRanks to Offer Stock Research Tools to Australians
The Australian division of CMC Invest, the physical share trading platform of CMC Markets, now provides its users with access to Israel’s TipRanks, a market research aggregator, Finance Magnates reported exclusively. CMC Invest users have been able to access TipRanks within the investment platform since Thursday this week.
“CMC has a long-standing commitment to providing investors with access to institutional-quality investment tools and resources,” said Kurt Mayell, CMC Invest’s Head of Distribution. “This powerful partnership gives our investors the opportunity to use this best-in-class interactive platform to make data-driven investment decisions, helping them to make more informed choices.”
TipRanks inside CMC Invest
FxPro Teams with Convrs to Upgrade Messaging Infrastructure
Online forex broker FxPro integrated Convrs' omnichannel messaging platform to enhance its global client communications across WhatsApp, Messenger, and Telegram channels. The newest partnership enables FxPro to engage with its international client base through its preferred messaging apps while providing real-time support through an integrated live chat system.
According to the press release obtained exclusively by Finance Magnates, Convrs offers financial sector companies services designed to simplify daily processes through automated chatbots and AI-powered assistants. Currently, the company is working closely with almost 50 FX/CFD brokers.
CFDs Broker Admirals Sells Its Australian Unit
Estonia-based Admirals (previously Admiral Markets), a forex and contracts for differences broker, is selling its Australian subsidiary in an attempt to “optimize its geographic focus.” The broker detailed that it had already entered into an agreement with a “non-related party” for the sale.
The Australian entity is a wholly owned subsidiary of Admirals Group AS, the Estonian group company that controls various entities operating the Admirals brand. The local Australian entity holds an operational license from the Australian Securities and Investment Commission, which was obtained in 2011. This license enables it to offer retail trading services in the country.
Italy Blocks Two Websites
Italy’s financial markets regulator, Commissione Nazionale per le Società e la Borsa (CONSOB), has taken action against the first batch of companies for running digital advertisements promoting “abusive financial services.” This came after the agency partnered with Google recently to takedown illegal ads within jurisdictions.
The regulator blacklisted and blocked access to two websites that fraudulently promoted unauthorized services by using the images of prominent public figures, including Italian Prime Minister Giorgia Meloni and President Sergio Mattarella, along with the branding of major companies. These advertisements directed Italians to other unauthorized financial services platforms.
Prop Firm Funded Nation Suspends Operations
Funded Nation prop firm traders hoping for a St. Nicholas Day gift on December 6 received coal instead. In a letter signed by CEO and founder Karthik S. Rajanna, they learned that operations would be suspended for the next 45 days. While the official reason given for halting “all sales and trading activities” is “a major upgrade” to the company's dashboard, some customers suggest this is a smoke screen.
Karthik S. Rajanna, the CEO of Funded Nation
“At Funded Nation, we are constantly striving to provide the best possible experience for our traders,” Rajanna wrote to customers. “To achieve this, we are excited to announce a major upgrade to our dashboard, designed to bring you enhanced features, improved usability, and a seamless trading experience.”
CFTC Lead Attorney Admits Shortcomings in MyForexFunds Case
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 platform My Forex Funds and its CEO, Murtuza Kazmi, according to recent court filings by both the regulator and the prop trading firm.
Burden’s admission came during the evidentiary hearing, as the defendants' legal representatives pushed for a sanctions order against the US regulatory agency. The CFTC argued that the evidence presented by the defendants demonstrated that the regulator's "mistakes were limited and inadvertent."
He further highlighted that the “exchange and partner listings [for the stablecoin] will be live soon.” The stablecoin was launched in partnership with crypto exchanges, including Uphold, Bitstamp, and Bitso.
Japanese Crypto Exchange Coincheck Debuts on Nasdaq
The Dutch parent company of the Japanese crypto exchange giant, Coincheck, is one of the few companies in the industry to list its shares on America’s Nasdaq. The crypto firm sealed an agreement with a blank-check company to debut on the American stock exchange today (Wednesday) under the ticker symbol ‘CNCK.’
Coincheck's warrants, along with its ordinary shares, will also be listed on Nasdaq under the ticker ‘CNCKW’.Announced yesterday (Tuesday), the Amsterdam-headquartered holding company Coincheck Group completed a $1.3 billion special acquisition merger with Thunder Bridge Capital last week. However, finalizing the deal took nearly a year after failed attempts.
Russia's Lawmaker Proposed Bitcoin Reserve
A Russian lawmaker recently called on the Russian Finance Minister to explore the feasibility of creating a strategic Bitcoin reserve. This idea aims to provide an alternative financial safeguard amidst the growing pressures of international sanctions, inflation, and currency volatility.
Russia’s financial system has faced increasing stress, particularly in the wake of Western sanctions that have limited access to global payment systems. In response, Anton Tkachev, a deputy from the New People party, suggested that the country might benefit from a reserve of Bitcoin, which he believes could serve as a reliable store of value, unaffected by geopolitical disruptions.
Coinbase Set to Delist Tether's USDT
Top US cryptocurrency exchange Coinbase warned its users yet again. It has announced that it could delist stablecoins that have not complied with the Markets in Crypto-Asset Regulations (MiCA), including Tether's USDT stablecoin.
Coinbase's warning comes as the enforcement deadline approaches for the most significant crypto regulations. According to information reportedly sent to users, Coinbase Europe, Coinbase Germany, and Coinbase Custody International will stop supporting six stablecoins by December 13.
Bitget Eyes Lithuania
Crypto exchange Bitget plans to establish a regional hub in Lithuania ahead of the full implementation of the Markets in Crypto-Assets (MiCA) regulations. According to the official statement, the company intends to open a local office and build a team dedicated to compliance.
The exchange is already licensed in Poland, Italy, and Australia and has reportedly been actively pursuing regulatory approvals in over 15 jurisdictions worldwide. Commenting about the business expansion plan, Hon Ng, the Chief Legal Officer of Bitget, said: “We truly appreciate EU regulatory authorities for their leadership and vision for nurturing a secure and vibrant environment for digital innovation.”
Kraken Australia to Pay AU$8M Fine
The Australian operator of the crypto exchange Kraken was ordered to pay AU$ 8 million (about US$5.1 million) for illegally offering margin products to more than 1,100 customers in the country. The order by the Australian Securities and Investments Commission (ASIC) came more than three months after an Australian court found that the crypto exchange operator, Bit Trade, violated local rules by offering fiat-based margin products.
Kraken offered customers credit for selling and purchasing cryptocurrencies, which it calls “margin extension,” with repayment made in either digital assets or fiat. Its customers could use this extension to receive credit up to five times the value of the collateral asset.
Revolut's Plans for 2025
Revolut’s bold new strategy hints at a future where FinTech dominates physical and digital banking. The squeeze on traditional banks gets going. The FinTech giant’s plan includes AI-driven banking assistants, mortgages, business credit, and—wait for it—actual physical ATMs. Yes, Revolut, the poster child of the digital-first banking movement, is now dabbling in the physical world.
The message is clear: this isn’t about niches. Revolut wants it all: your mortgage, your business credit line, and even your cash withdrawals. But let's break down what this means for the financial industry and whether traditional banks can keep up with this audacious expansion.
Brokers Are Leaving MetaTrader Behind When Integrating TradingView
MetaQuotes, the company behind MetaTrader platforms, is restricting brokers from integrating TradingView with the support of MT4 and MT5 on the backend. The company has restricted multiple brokers from using MetaTrader with TradingView, Finance Magnates learned from several industry sources.
The firm crafted the clauses in MetaTrader platforms' usage terms and conditions to restrict brokers from integrating with other third-party platforms, Finance Magnates verified. The terms do not specifically mention TradingView but cover all non-MetaTrader trading environments.
XTB Launches Zero-Fee Individual Savings Accounts
As promised earlier this year, XTB launched stocks and shares Individual Savings Accounts (ISA) for UK investors. These accounts offer zero-commission trading alongside a 4.75% interest rate on uninvested cash balances.
The new tax-efficient investment vehicle marks a departure from traditional ISA offerings, combining commission-free trading for most investors with competitive interest rates on idle funds. The account maintains full flexibility, allowing customers to manage their investments without sacrificing tax benefits.
CMC Invest Taps TipRanks to Offer Stock Research Tools to Australians
The Australian division of CMC Invest, the physical share trading platform of CMC Markets, now provides its users with access to Israel’s TipRanks, a market research aggregator, Finance Magnates reported exclusively. CMC Invest users have been able to access TipRanks within the investment platform since Thursday this week.
“CMC has a long-standing commitment to providing investors with access to institutional-quality investment tools and resources,” said Kurt Mayell, CMC Invest’s Head of Distribution. “This powerful partnership gives our investors the opportunity to use this best-in-class interactive platform to make data-driven investment decisions, helping them to make more informed choices.”
TipRanks inside CMC Invest
FxPro Teams with Convrs to Upgrade Messaging Infrastructure
Online forex broker FxPro integrated Convrs' omnichannel messaging platform to enhance its global client communications across WhatsApp, Messenger, and Telegram channels. The newest partnership enables FxPro to engage with its international client base through its preferred messaging apps while providing real-time support through an integrated live chat system.
According to the press release obtained exclusively by Finance Magnates, Convrs offers financial sector companies services designed to simplify daily processes through automated chatbots and AI-powered assistants. Currently, the company is working closely with almost 50 FX/CFD brokers.
CFDs Broker Admirals Sells Its Australian Unit
Estonia-based Admirals (previously Admiral Markets), a forex and contracts for differences broker, is selling its Australian subsidiary in an attempt to “optimize its geographic focus.” The broker detailed that it had already entered into an agreement with a “non-related party” for the sale.
The Australian entity is a wholly owned subsidiary of Admirals Group AS, the Estonian group company that controls various entities operating the Admirals brand. The local Australian entity holds an operational license from the Australian Securities and Investment Commission, which was obtained in 2011. This license enables it to offer retail trading services in the country.
Italy Blocks Two Websites
Italy’s financial markets regulator, Commissione Nazionale per le Società e la Borsa (CONSOB), has taken action against the first batch of companies for running digital advertisements promoting “abusive financial services.” This came after the agency partnered with Google recently to takedown illegal ads within jurisdictions.
The regulator blacklisted and blocked access to two websites that fraudulently promoted unauthorized services by using the images of prominent public figures, including Italian Prime Minister Giorgia Meloni and President Sergio Mattarella, along with the branding of major companies. These advertisements directed Italians to other unauthorized financial services platforms.
Prop Firm Funded Nation Suspends Operations
Funded Nation prop firm traders hoping for a St. Nicholas Day gift on December 6 received coal instead. In a letter signed by CEO and founder Karthik S. Rajanna, they learned that operations would be suspended for the next 45 days. While the official reason given for halting “all sales and trading activities” is “a major upgrade” to the company's dashboard, some customers suggest this is a smoke screen.
Karthik S. Rajanna, the CEO of Funded Nation
“At Funded Nation, we are constantly striving to provide the best possible experience for our traders,” Rajanna wrote to customers. “To achieve this, we are excited to announce a major upgrade to our dashboard, designed to bring you enhanced features, improved usability, and a seamless trading experience.”
CFTC Lead Attorney Admits Shortcomings in MyForexFunds Case
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 platform My Forex Funds and its CEO, Murtuza Kazmi, according to recent court filings by both the regulator and the prop trading firm.
Burden’s admission came during the evidentiary hearing, as the defendants' legal representatives pushed for a sanctions order against the US regulatory agency. The CFTC argued that the evidence presented by the defendants demonstrated that the regulator's "mistakes were limited and inadvertent."
He further highlighted that the “exchange and partner listings [for the stablecoin] will be live soon.” The stablecoin was launched in partnership with crypto exchanges, including Uphold, Bitstamp, and Bitso.
Japanese Crypto Exchange Coincheck Debuts on Nasdaq
The Dutch parent company of the Japanese crypto exchange giant, Coincheck, is one of the few companies in the industry to list its shares on America’s Nasdaq. The crypto firm sealed an agreement with a blank-check company to debut on the American stock exchange today (Wednesday) under the ticker symbol ‘CNCK.’
Coincheck's warrants, along with its ordinary shares, will also be listed on Nasdaq under the ticker ‘CNCKW’.Announced yesterday (Tuesday), the Amsterdam-headquartered holding company Coincheck Group completed a $1.3 billion special acquisition merger with Thunder Bridge Capital last week. However, finalizing the deal took nearly a year after failed attempts.
Russia's Lawmaker Proposed Bitcoin Reserve
A Russian lawmaker recently called on the Russian Finance Minister to explore the feasibility of creating a strategic Bitcoin reserve. This idea aims to provide an alternative financial safeguard amidst the growing pressures of international sanctions, inflation, and currency volatility.
Russia’s financial system has faced increasing stress, particularly in the wake of Western sanctions that have limited access to global payment systems. In response, Anton Tkachev, a deputy from the New People party, suggested that the country might benefit from a reserve of Bitcoin, which he believes could serve as a reliable store of value, unaffected by geopolitical disruptions.
Coinbase Set to Delist Tether's USDT
Top US cryptocurrency exchange Coinbase warned its users yet again. It has announced that it could delist stablecoins that have not complied with the Markets in Crypto-Asset Regulations (MiCA), including Tether's USDT stablecoin.
Coinbase's warning comes as the enforcement deadline approaches for the most significant crypto regulations. According to information reportedly sent to users, Coinbase Europe, Coinbase Germany, and Coinbase Custody International will stop supporting six stablecoins by December 13.
Bitget Eyes Lithuania
Crypto exchange Bitget plans to establish a regional hub in Lithuania ahead of the full implementation of the Markets in Crypto-Assets (MiCA) regulations. According to the official statement, the company intends to open a local office and build a team dedicated to compliance.
The exchange is already licensed in Poland, Italy, and Australia and has reportedly been actively pursuing regulatory approvals in over 15 jurisdictions worldwide. Commenting about the business expansion plan, Hon Ng, the Chief Legal Officer of Bitget, said: “We truly appreciate EU regulatory authorities for their leadership and vision for nurturing a secure and vibrant environment for digital innovation.”
Kraken Australia to Pay AU$8M Fine
The Australian operator of the crypto exchange Kraken was ordered to pay AU$ 8 million (about US$5.1 million) for illegally offering margin products to more than 1,100 customers in the country. The order by the Australian Securities and Investments Commission (ASIC) came more than three months after an Australian court found that the crypto exchange operator, Bit Trade, violated local rules by offering fiat-based margin products.
Kraken offered customers credit for selling and purchasing cryptocurrencies, which it calls “margin extension,” with repayment made in either digital assets or fiat. Its customers could use this extension to receive credit up to five times the value of the collateral asset.
Revolut's Plans for 2025
Revolut’s bold new strategy hints at a future where FinTech dominates physical and digital banking. The squeeze on traditional banks gets going. The FinTech giant’s plan includes AI-driven banking assistants, mortgages, business credit, and—wait for it—actual physical ATMs. Yes, Revolut, the poster child of the digital-first banking movement, is now dabbling in the physical world.
The message is clear: this isn’t about niches. Revolut wants it all: your mortgage, your business credit line, and even your cash withdrawals. But let's break down what this means for the financial industry and whether traditional banks can keep up with this audacious expansion.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
