Author: David Kimberley

We speak to Biyi Cheng about Moomoo Australia’s plans for the land down under, including options, platform upgrades, revenue sources and more.

The new agreement means that NAGA branding will appear at Borussia Dortmund home games for this season and the following one.

Pilavakis was most recently at funded trader firm The Trading Pit. FunderPro is operated by Malta-based tech group Red Acre and has a B2B and B2C arm.

Centroid Solutions first integrated with DXtrade in 2021. The new partnership means firms using DXtrade can now access more advanced risk management tools.

Plus500 launched futures trading in the US in earnest this year. The broker revealed several interesting bits of information in its most recent annual report.

The deal reflects the fact that the XTB MENA entity has been the fastest-growing branch in the brokerage group’s history over the last few years.

Alkhaldi announced he is leaving Tickmill after a decade at the firm as Regional Manager. He is the second exec to leave the broker in the last two months.

The funded trader firm has big growth plans and is in the process of setting up a CFD brokerage business. FTMO also seems to have operations in Cyprus.

Notional trading volume at Capital.com also rose to $725bn in H1, with the broker increasing its tech and engineering headcount across the EU and UK.

Sebbata was the CEO of BUX UK previously and was instrumental in the APM Capital acquisition of the stockbroker’s UK entity, which he will now oversee.

Taurex is the latest broker to launch a prop firm, with providers including IC Markets, Axi, and OANDA already offering a funded trader product.

The new Exinity brand is regulated in the UAE and offers trading in cash equities and CFDs. Marketing appears to be focused on clients in the UAE.

Saxo Bank said that it will close its office in China in its latest half-year financials. The broker’s majority shareholder is Chinese car manufacturer Geely.

eToro has already partnered with numerous football teams. This will be very similar, with plenty of branding opportunities for the broker and access to VIP tickets for clients.

Last year Century Financial was voted number two in the list, which is put together by workplace analysis and research company Great Place to Work.

Prop trading firms don’t make as much money as brokers do. Will that mean changes? Also we look at UK options brokers and goings on in ASEAN.

The partnership means that Pinnacle will use TRAction Fintech to meet its trade reporting regulatory requirements for Australia and the European Union.

According to a recent CFD industry report, ATFX was the fourth-largest broker, in terms of trading volumes, on MT4 and MT5 over the course of Q2 2024.

Going joins Britannia Global Markets from Capital.com. He has also had stints at IG Group, ETX Capital, and LMAX. His new role will be institutionally focused.

Poynter joins OneRoyal from HYCM, where he was Chief Marketing Officer. He has also had stints at FxPro, EasyMarkets, ATFX, and Axiory.

The integration means that cTrader brokers and clients can access a range of features from B2Copy, including MAM and PAMM solutions, and customisable fee structures.

Payments and banking are probably the biggest pain points for CFD brokers today. So is the industry really about marketing or sales any more – or just making sure you can transfer funds?

The new offer means that brokers can hold large net open positions with Match-Prime in a wide range of small and large cap cryptocurrencies.

Kasraei joins iSAM from Hidden Road, where she spent just under two years. She has almost two decades of experience working with financial institutions.

ATFX has added MetaTrader 5 to its offering, meaning its clients globally can trade on the platform. The broker will continue to offer MT4 as well.

We travel to Sydney and speak to CMC Markets, Moomoo, TRAction Fintech, 26 Degrees, and Blueberry Funded in a busy day in Australia.

The decision may be related to the fact that Eightcap has been one of the main providers of gray label services to prop trading companies.

The company will provide trading in oil swaps to retail clients, with the firm led by ex-IG Group executive Andrea Rebusco.

The insurance applies to all clients of AT Global Markets Intl. Ltd. and AT Global Markets LLC.

Fetherston has been appointed General Manager of the new prop trading brand, having spent several years working with props at Eightcap and PropTradeTech.

McCarthy spent over a decade at retail broker CMC Markets and will link up again with Biyi Cheng, who recently joined Moomoo AU as country head.

CFI Financial has acquired AzFinance İnveŞtisiya Şirkəti, an Azeri-regulated broker. It means CFI is the first foreign brokerage to acquire a license in Azerbaijan.

Having the ODP license means Exness can offer trading in CFD products and act as counterparty to trades. The license was introduced by the FSCA in 2018.

This is the second major product launch for 26 Degrees, an Australia-headquartered prime of prime, in the last month, following its new Pairs Trading product.

The newly formed company will use the Naga brand name, they’re looking for a license in Chile, and may add options trading down the line.

James Watts has joined Taurex in their Dubai office. Watts has held sales roles at several brokers, including Swissquote, London Capital Group, Alpari, and MultiBank.

Zino is the latest in a string of senior executives to join ATFX Connect – the institutional arm of brokerage group ATFX – in its Dubai office.

After adding TradingView charting to its platform last week, Match-Trade has now launched a tournaments product that brokers and props can use.

Hantec Markets has rebranded its website and improved its prime offering. The broker is also planning to improve several products by the end of 2024.

Holding the Type 3 license from the Hong Kong regulator means that ATFX can offer clients trading in leveraged foreign exchange contracts.

DMM used to make porn but now does CFDs. XM is huge. Plus500 is growing. And more. We look at what’s going on with CFDs in Japan.

We speak to Tomoharu Furuichi, IG Securities CEO and Head of Japan at IG Group, about the broker’s explosive growth in the last five years.

The deal means that Baader Bank will act as intermediary to the Spectrum Markets exchange. Baader Bank clients include retail brokers like Scalable Capital.

The partnership means ThinkMarkets clients can connect their account to their TradingView account, then trade that account using TradingView charts.

The integration means traders can access TradingView charting within the MatchTrader platform, at no extra cost to brokers or prop using it.

Rostian joins from Maybank’s prime broker team and is the second major hire that Scope Prime has made in the last two months for Asia region.

The new partnership means that Finalto will have access to the Centroid Bridge Risk Engine via a server in the LD4 Data Centre.

Lee joins SquaredFinancial from ADSS, where he spent almost a decade heading up the broker’s Asia-Pacific division. He has also had stints at FXCM and Saxo Bank.

In October 2023, Hormoz Faryar joined ATFX as the Managing Director of Institutional Sales inMENA. With over 23 years of invaluable experience in FX trading and sales, Hormoz brings awealth of knowledge and expertise to his new role. Today, Hormoz will share insights into theopportunities in the MENA region and how he will help expand the brand in upcoming projects. Hi Hormoz, as the Managing Director of Institutional Sales in MENA, please tell us why youjoined ATFX. Can you provide an overview of your role as the Managing Director at ATFXConnect, the institutional brand of ATFX group? Hormoz Faryar: “There…

ESMA could make the CFD industry work better by stopping passporting, meaning states capture more tax revenue and can hold companies in the sector accountable.

The partnership means that Trive SA can use Finalto’s ODP license to offer trading in OTC products to retail clients and use their liquidity.

We speak Hantec Markets Chief Strategy Officer Norayr Djerrahian about investment banking, new product launches, and what a Chief Strategy Officer really does.

New technology, smarter traders, and more experience all suggest there could be change on the horizon for retail brokers’ dealing desks.

Forex brokers in Malaysia are being targeted by local police, even if they have the legal set up in place to do business there.

Abbott has been with OANDA for almost six years and has been promoted on several occasions since then. The company’s UK entity did £16m in sales in 2022.

Razan Jawabreh was most recently Deputy CEO Business Development at CFI Financial. Daman Markets is the CFD division of UAE broker Daman Securities.

BUX had ceased to be active in the UK for some time. The broker switched focus to commission-free equities and was recently acquired by Dutch bank ABN AMRO.

eToro US CEO Lule Demmissie has stepped down from her role at the broker. She will be replaced by Andrew McCormick, who has been with the firm for almost 3 years.

Long-time industry executive Mohammad Mokhtar has joined ADSS as a Senior Relationship Manager. Mokhtar joins ADSS from Amana, where he spent almost six years as Senior Vice President of Sales. As noted, Mokhtar has a wealth of experience in the industry, having started his career in the retail brokerage sector in 2010. In that year he joined the sales team at HYCM, where he spent almost four years. After leaving HYCM, Mokhtar joined Amana’s Dubai office, where he spent over three years. He then had a two year stint at ActiveTrades before rejoining Amana just under six years ago.

Cicci de Moura joins MAS Markets from Valutrades, where he spent over four years, primarily on the LATAM sales desk.

FunderPro is a prop trading company based in Malta, with a B2C and B2B arm. Kalaitzis has worked at tech providers, brokers and a prop.

The CFD industry has grown massively and is active globally. So is there no growth left for the sector or is there actually plenty of left on the table?

Scope Markets non-leveraged CFDs on equities have proven an initial success, with uptake on both the B2B and B2C side.

The ATFX team met Luo Wenjun, Counselor of the Chinese Embassy in Jordan. The Levant region is a major growth area for ATFX and the broker has expanded substantially in Jordan.

The company has yet to go live but has set up a dormant website. Daniel Takieddine was most recently BDSwiss MENA CEO and also spent 6 years at ADSS.

Exness Team Pro has added Adrian Nardelli and Bran Desalcedo to its ranks. The pair are based in Argentina and Colombia respectively.

The new product means 26 Degrees customers can let their clients trade two underlying assets, like stocks or indices, against one another.

Asia is the growth market for CFD brokers today. So what marketing strategies are forex brokers using to target clients in Asia (and lots of the rest of the world?)

CMC Markets Capx provides broking services to public and unlisted businesses. The new division seems to primarily work with UK small caps.

Tarek Mahassen will work in the Capital.com office in Dubai, alongside the broker’s regional CEO Tarik Chebib.

The partnership means that Centroid clients can access the order routing network, providing better tools to manage risk and broaden product sets.

The partnership means Capital.com clients can trade directly through TradingView charts, within the broker’s proprietary trading platform.

PrimeXBT has a good product, good mix of assets and has a good team. So it may be that they become the next big broker in the industry.

Singh was previously at Capital.com but began his career at Spread Co over a decade ago and spent close to six years with the firm.

Getting people to trade more is what all brokers want to do. In this short how to guide we look at ways that brokers can achieve that.

Olymp Trade has almost 90m users. But who owns Olymp Trade? How do they make their money? We reveal all in this new edition of our ongoing miniseries.

In this episode of the TradeInformer Podcast we speak to PipFarm Founder James Glyde. We ask if props hedge, marketing costs, and more.

Prop trading firms can make a lot of money from challenge fees. This means they probably don’t actually have to make any real trades.

Convrs supplies a messaging platform that will IronFX employees to talk to clients on apps like WhatsApp and Telegram via one channel and in a compliant manner.

Williams joins Capital.com from IG Group, where he spent almost six years working on the broker’s premium client management desk.

IG Group’s US offering – IG US – has rebranded to tastyfx. The rebrand means that the group’s FX offering fits with the wider tastytrade brand.

The ex-NatWest prime sales executive is the latest in a string of senior hires by brokerage group ATFX.

Revolut has a new partnership with CMC Markets. We look at what happens if they go on to launch a CFD product and whether they’ll conquer the market.

Brokers using Centroid Solutions technology will be able to access CROSSx, the crypto ECN that Crossover operates.

We speak to Joy Dabeet, Chief Marketing Officer at Amana, about her background, life at Amana, and what makes traders in MENA tick.

PrimeXBT is a huge broker. We look at who runs the company, their product, and how they managed to get so big.

Naik will work from the Hantec Markets office in Dubai. He is the latest in a string of senior executives to have joined from rival broker Infinox.

We speak to XTB CEO Omar Aranout on product expansion, new licenses, UAE and LATAM, and whether he’d pay Roaring Kitty money to tweet.

Trading 212 has acquired a Crypto Asset Services Provider license in Cyprus, allowing them to add physical crypto trading in the European Union.

Revolut has partnered with CMC Connect to offer CFD products, as well as the other securities that the broker offers to institutional clients.

ATFX will use PriceOn to manage its mix of retail and institutional liquidity, with the goal of improving pricing and execution quality.

Trade reporting company TRAction Fintech announced on Monday that it has integrated its technology with iSAM Securities’ liquidity bridge, APEX. The partnership means that brokers using APEX can now use TRAction’s technology to report trades automatically and meet trade reporting standards. TRAction’s technology covers trade reporting under EMIR, MIFIR, ASIC, MAS, CFTC and Canadian regulations. “To meet regulatory obligations, it is now crucial for firms to work with specialised technology partners to share the burden of implementing complex requirements,” said TRAction Co-CEO Quinn Perrott. “If you’re considering outsourcing your transaction reporting to TRAction, you may be wondering if they can…

Taylor will set up the Scope Prime office in Sydney and be responsible for driving business for the LP in the Asia-Pacific region.

The CFD industry plays an outsized role in the local economy, employing a huge number of people but also bringing a lot of cash relative to Cyprus’s GDP.

The headline ‘funded account’ figure that prop firms offer is less relevant than the drawdown rules the prop imposes on its clients.

The new product launch includes the addition of around 250 single stock CFDs, which can be traded in the Scope Markets non-leveraged accounts.

The Taiwanese brokerage group will use TraderEvolution technology to offer OTC and exchange-traded instruments in one platform.

More than 1,700 ETFs can now be traded on Spectrum Markets, with German firm ICF Bank acting as market maker for the new products.

Wale will lead the iSAM Securities sales team’s efforts in EMEA, expanding the group’s existing offering and driving new business.

IG Group has launched a trading tournament for French clients, which is set for late June. The challenge has prizes and will take place on demo accounts.