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Institutional FX

IG Group's CFO Temporarily Becomes the CEO

  • The group's CEO June Felix is going on medical leave.
  • IG will release the financial results for the fiscal year 2023 on July 20.
Monday, 03/07/2023 | 08:50 GMT by Jared Kirui
Executives

Finalto Group's CCO Stavros Anastasiou Appointed Markets.com's CEO

  • Anastasiou previously served as the CCO at the retail brokerage unit of Finalto.
  • In other news, Exclusive Markets named Afa Haghdoust as its new Chief Commercial Officer.
Friday, 30/06/2023 | 18:13 GMT by Solomon Oladipupo
Executives

OANDA Taps Rafał Słoń as Managing Director for Australia

  • Słoń joined the broker as the Business Operations Lead three years ago.
  • MultiBank and Admirals recently welcomed two industry veterans.
Wednesday, 21/06/2023 | 21:00 GMT by Solomon Oladipupo
Retail FX

LCG UK Is Now Only an ‘Introducing’ Broker

  • The spread betting and CFDs provider said the market in the UK is 'overcrowded'.
  • LCG has started contacting its clients to close their accounts.
Tuesday, 20/06/2023 | 18:42 GMT by Solomon Oladipupo
Brokers

FxPro Unveils New Dubai Office amid Regional Expansion

  • The office is located at Office 101, Building 2, BaySquare, Downtown Dubai.
  • It unveiled the details days after the broker launched crypto CFDs for cTrader accounts.
Tuesday, 20/06/2023 | 16:35 GMT by Jared Kirui
Executives

Admirals Hires SquaredFinancial’s Daniel Skowronski as Revenue Chief

  • Skowronski brings over 25 years of experience to the new role.
  • Previously, he led OANDA and Alpari as the CEO of EMEA and UK, respectively.
Thursday, 15/06/2023 | 17:02 GMT by Solomon Oladipupo
Retail FX

SVG Brokers Seek New Home in Other Jurisdictions after Regulator's Deadline

  • FSA introduced the policy in the wake of rising fraud claims against FX trading firms.
  • However, some see the rule as a 'checkbox exercise'.
Tuesday, 13/06/2023 | 18:59 GMT by Solomon Oladipupo
Retail FX

ThinkMarkets Launches Copy Trading App Ahead of Listing

  • The multi-asset broker is planning to go public in July.
  • ThinkMarkets is boosting the security of its trading platform, ThinkTrader Web.
Friday, 09/06/2023 | 19:28 GMT by Jared Kirui
Retail FX

Exness’ Trading Volumes Jump 12% in May Backed by Growing Clientele

  • The multi-asset broker added about 38,000 active users in May.
  • The latest volume is below a record $3.88 trillion posted in March.
Friday, 09/06/2023 | 15:12 GMT by Jared Kirui
Retail FX

Saxo Bank’s FX Volume Springs 27% to $130.5B in May

  • However, the new volume stands below March's figure of $155.5 billion.
  • Overall, trading volume strengthened 28% to $407 billion.
Wednesday, 07/06/2023 | 14:32 GMT by Solomon Oladipupo
Retail FX

FinCom Discontinues BalansFX Membership over Compliance Failure

  • BalansFX became an approved member of FinCom in July 2020.
  • Meanwhile, FinCom warned against TresorFX, a platform recently flagged by the FCA.
Wednesday, 31/05/2023 | 13:34 GMT by Solomon Oladipupo
Retail FX

FCA Flags 26 Illegal Trading and Investment Platforms

  • The watchdog flagged three clone platforms for impersonating authorized firms.
  • The platforms are mainly online FX trading platforms.
Monday, 29/05/2023 | 17:19 GMT by Solomon Oladipupo
Education Center

The Impact of Central Bank Decisions on CFD Markets: An Analysis

  • Can machine learning solve the CFD trading volatility issues around Central Bank Decisions?
Tuesday, 23/05/2023 | 18:59 GMT by FM Contributors
Executives

Trade Nation Elevates Richard Nathan to Bahamas CEO

  • Nathan brings over a decade of experience to the new role.
  • The executive previously worked for OvalX, Hartmann Capital and Acetop.
Monday, 22/05/2023 | 14:05 GMT by Solomon Oladipupo
Retail FX

Admirals Group to Withdraw Estonian License amidst Global Consolidation

  • Admirals said it will merge the subsidiary with the parent company.
  • The firm also plans to repurchase €1.9M of its Tier 2 bonds.
Thursday, 18/05/2023 | 16:15 GMT by Solomon Oladipupo
Retail FX

24HR Trading Academy Victims Lost £1.3M; Court Approves £106K Refund

  • Only investors with losses above £500 are to be paid.
  • The FCA initiated a case against Mohammed Maricar, the scheme operator, in April 2020.
Wednesday, 17/05/2023 | 14:38 GMT by Solomon Oladipupo
Retail FX

XTB Founder Sells $64M Shares in Company

  • The sale was done directly by the investment firm XX ZW owned majorly by Jakub Zablocki.
  • The transaction came as XTB reported a record profit during Q1 2023.
Tuesday, 16/05/2023 | 18:50 GMT by Solomon Oladipupo
Retail FX

Exness and RoboMarkets Sign New Sports Sponsorship Deals in Cyprus

  • The sports involved are the Wakesurf Championship and the European Sporting Championships.
  • RoboMarkets strengthens its sports presence in Cyprus with the new deal.
Thursday, 11/05/2023 | 13:53 GMT by Solomon Oladipupo
Executives

Oval Money’s Daniel Gladding Joins eToro UK as Chief Risk Officer

  • Ex-OvalX execs are taking up roles at other firms after the broker shut down in March.
  • Gladding previously worked for Admirals, StoneX and IG Group, among others.
Tuesday, 09/05/2023 | 15:46 GMT by Solomon Oladipupo
Retail FX

CySEC Revokes ICF Membership of Brokerages Trilt and RMG Holdings

  • Trilt and RMG's licenses were withdrawn last month and in April 2022, respectively.
  • ICF compensation is open to clients of both firms covered before the termination.
Tuesday, 09/05/2023 | 13:08 GMT by Solomon Oladipupo
Executives

SquaredFinancial’s Deputy CEO Husam Al Kurdi Departs to Start New Venture

  • Al Kurdi joined SquaredFinancial in 2019 after seven and a half years at ADSS.
  • He will remain with the brokerage as an advisor and collaborator,
Saturday, 06/05/2023 | 13:33 GMT by Solomon Oladipupo
Executives

New Broker RaiseFX Hires INFINOX’s Dany Mawas as CCO

  • Mawas left INFINOX after two years and five months.
  • RaiseFX has established its presence in several African countries.
Friday, 05/05/2023 | 12:51 GMT by Solomon Oladipupo
Retail FX

CFI Financial Sees Record Growth in Volume, New Accounts in Q1

  • Volume and new accounts grew 57% and 147% YoY, respectively.
  • CFI plans to expand into new markets this year.
Thursday, 04/05/2023 | 13:21 GMT by Solomon Oladipupo
Retail FX

Saxo Bank’s FX Volume Down to Lowest since Dec 2021

  • The brokerage's FX volume declined 34% to $102.8 billion in April.
  • Additionally, institutional spot FX volumes declined across major regions last month.
Wednesday, 03/05/2023 | 15:51 GMT by Solomon Oladipupo
Executives

Hantec Markets to Launch Institutional Arm, Hires Institutional Sales Head

  • Lee Holmes joins Hantec from INFINOX and was a director at ATFX, Zenfinex and ForexVox.
  • He brings over 12 years of FX and derivatives markets experience to the role.
Tuesday, 02/05/2023 | 13:09 GMT by Solomon Oladipupo
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