BROKER NEWS

Riana Chaili joins FTMO broker arm

FTMO has been slowly attempting to expand into the brokerage sector, with ex-FXCM and Skilling executive Michael Kamerman.

Exclusive: IG to shutter Spectrum Markets

IG Group set up Spectrum Markets in 2019, with the firm regulated in Germany as a multilateral trading facility, mainly for trading ETDs.

Revolut gets FCA approval for trading products

Revolut was already offering some investment products to UK clients but that was done via an appointed representative agreement.

Pepperstone becomes UFC Asia Official Partner

Pepperstone will sponsor the UFC and become their Official Partner for Asia. The UFC claims to have over 400m fans across the continent.

Carey Gao joins Axi as APAC Director

Gao joins Axi from Pepperstone, where he was also Regional Director. He has two decades of experience and has worked at Exness and GAIN Capital.

Doo Group enters Indonesia, EU on same day

Doo Financial has approval from CySEC and the broker also said it has entered the Indonesian market by acquiring a local company.

ACY buys INGOT Brokers’ SA license

ACY Securities will acquire INGOT Brokers' South Africa license. This will require upgrades for the firm to be able to offer CFDs.

Axi makes AUD $53m bid for stockbroker

The bid probably has two aims - to allow Axi to more easily add stockbroking and, secondly, to acquire a huge number of clients at low cost.

Crypto.com plans CFD launch, acquires Aussie broker

Crypto.com has said it wants to add other investment products over the next 12 months across the US, Australia and the European Union.

FunderPro to launch futures product

FunderPro already has a CFD offering. Several props have added futures, possibly to cater to US clients and also to satisfy client demand.

Monaxa to launch prop trading

Monaxa is the latest in a string of brokers to offer prop trading. The company already offers a standard CFD product, as well as copy trading.

Ziad Melhem, Ahmed Khatib join CFI

Khatib and Melhem were both at amana for a long period of time. The new CFI execs will work in Dubai as CBDO and CMO respectively.

Onyx hires Tom Fawcett as Head of Dealing

Onyx Capital announced its retail brokerage arm in the summer. The oil broker has hired execs from several firms, including CMC Markets and IG.

Brokers shoot up app rankings in crypto boom

Swissquote, Capital.com, Bitkub, and several others have all seen a surge in app downloads since Donald Trump won the US election.

Christoforos Soutzis made Capital.com EU CEO

Soutzis has been with the firm since its inception in 2016. Capital.com also announced that Global CEO Kypros Zoumidou is leaving the firm.

UK MP, basketball player help ZFX launch new cryptocurrency

ZFX launched the new cryptocurrency - called ZDS - at the start of November. It can be used as cashback or as a bonus for trading.

Salim Sebbata joins Capital.com as Head of M&A

Sebbata was most recently CEO at APM Capital Markets, which acquired the FCA-regulated arm of neobroker BUX earlier this year.

Revolut hiring for broker roles in Cyprus

Revolut is hiring a Head of Brokerage for its local crypto entity, as well as a compliance officer for its separate wealth and trading division.

Is XTB planning a physical crypto launch?

XTB is hiring for a Head of Crypto and has an entity set up in Cyprus that could feasibly run it. The signs point to this happening in the near future.

Saxo Bank makes Hitchen MENA and APAC Head

Mahesh Sethuraman has also been made Singapore CEO at Saxo Bank. The changes come after Adam Reynolds left the firm two months ago.

UK options broker Investa raises £700k

Investa is one of several firms looking to bring the US options trading boom over to the UK. The company has raised almost £2m in total.

XM launches new website

XM is the latest firm to rebrand, with several firms changing their look in the last 12 months to have more of a mobile-friendly, fintech feel.

FXGT launches proprietary app, platform

FXGT has a new app and webtrader. Clients are able to access TradingView charts on the new app, which went live at the end of last week.

Sarah Farah moves to STARTRADER

Farah joins STARTRADER from MultiBank, where she was Head of International Sales. STARTRADER has been expanding globally over the last year.

LATEST NEWS

Interactive Brokers: We’ll try to add event contracts outside the US

We speak to Steve Sanders from Interactive Brokers about what the US broker's plans to expand its events contracts offering.

YourPropFirm adds DXtrade to offering

YourPropFirm provides the full technology stack needed to launched a prop firm. This deal means clients can now access DXtrade.

Exclusive: IG to shutter Spectrum Markets

IG Group set up Spectrum Markets in 2019, with the firm regulated in Germany as a multilateral trading facility, mainly for trading ETDs.

Revolut gets FCA approval for trading products

Revolut was already offering some investment products to UK clients but that was done via an appointed representative agreement.

EU regulators are dorks

European regulators will probably ban event contracts, allowing US firms to dominate another market. Also we look at the Axi stockbroker deal.