Broker News

MetaQuotes has forced brokers to link their prop arm with the broker arm. Hantec Trader has thus changed the URL for its homepage.

Vladimir Syrov has launched a new brand called Zetradex, alongside a prop firm named Zefundex, and a broker technology provider.

Scope Markets appears to be making more of an effort to expand in Asia. The company has focused heavily on Africa in the last couple of years.

Deriv is already one of the largest broker businesses - by headcount - in the world, with 20 offices globally an more than 1,400 employees.

Swissquote now offers payments, banking, trading, investing, and investment plans all in one mobile application, something many firms want to do.

XTB will sponsor Fury for his fight in Saudi Arabia later this week. XTB has already partnered with a boxing organisation in the UAE.

Vladimir Shmidt is working as Marketing Director at Shares.com - a new brand by Capital.com that is targeting emerging markets.

Turkey has blocked the URLs for several leading crypto and prop trading firms, including HTX, Storm Gain, and BrightFunded.

Michael Healy has been Commercial Director at Ryanair for almost five years. He previously worked with IG CEO Breon Corcoran at Paddy Power.

Demosthenous joined the broker operator in the middle of last year. She has held senior marketing roles at XM, LCG, and easyMarkets.

Onyx Markets is owned by Onyx Capital, an oil broking business. The company has hired execs from several rivals, including IG and CMC Markets.

Brief was with IG Group for almost 25 years and was the company's Head of UK. Several long-time execs have left over the last 12 months.

Capital.com has owned the Shares.com URL for years. The company seems to be using it now to target faster growing emerging markets.

FundedNext will set up operational hubs for its brokerage offering in Malaysia and Cyprus, with a view to acquiring multiple licenses.

Eryk Kopan will work as Chief Revenue Officer at Finyard. He has held senior sales roles previously at Exness, XTB, and ThinkMarkets.

Vassiliou joins Colmex Pro from FINVASIA, the company that owns Zulutrade and AAAfx. He has held senior roles at other brokers.

Sotiriou was previously at IC Markets for over three years in dealing and risk roles. He joins the firm from liquidity provider 26 Degrees.

Malaysian brokers regularly get raided by police. This time seems more unusual as one local broker was targeted by authorities.

ATFX saw the largest increase in trading volume in indices in Q3. Trading volume also rose across FX pairs, cryptos, and commodities.

Snir Ahiel has launched Fund Your FX. Ahiel was one of the two co-founders of The 5%ers back in 2016. He left the firm in August of 2022.

The Category Five license allows Taurex to market its services in the UAE and introduce new clients to onboard with its other entities.

Panayi joins XTB from Klips, a rival broker, where he was Head of Compliance. Previously he was Head of Legal Compliance at TopFX.

Daman Markets is already sponsoring the Dubai Racing Club. The two partnerships are attempts to grow the new broker's brand in the UAE.

The new products allow Deriv clients to access different trading strategies in a more simplified form and with less need for trading activity.

FOREX.com ranks highly in Poland for organic searches. The brand is more of a mass market, FX-focused offering for StoneX.

Tickmill is one of several large brokerages looking to target clients in the region. XM and Exness are both seeing success in the country.

NAGA is tapping into growing demand for local stocks in the Gulf region, with several firms now looking to cater to the needs of local traders.

Capital.com has previously focused on a smaller pool of clients. The broker is competing with other firms by doing large scale marketing.

Exante received approvals from the local regulator last month. The company has opened a representative office in the DIFC since then.

Markets.com is the latest in a string of firms to stop onboarding UK retail clients, due to the increasingly high regulatory burden.

Magic Compass is based in Hong Kong and will sponsor the games, which are being held locally. The broker is the event's main sponsor.

Lightyear was previously operating in the UK via an appointed representative agreement. The broker will launch ISAs next year too.

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

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

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

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

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

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

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

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

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.

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

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

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

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

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

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.

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.

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

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 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 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.

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

ATFX has had a long presence in Mexico but the new office will act as a hub for its operations in the country and in the wider LATAM region.

Kresovic will work as Global Head of Premium Client Sales at Blueberry, which recently rebranded and launched its prop offering Blueberry Funded.

This is the second major sporting partnership for NAGA, with the broker also sponsoring German football team Borussia Dortmund.

The broker wants to hire 200 people across a range of different roles. The broker also reported a 20% quarter-on-quarter increase to volume for Q3.

The brokerage group said that more than 200m election contracts have been traded on its platform since they were launched at the end of October.

Robinhood has already launched margin trading in the UK. The competition for options trading is heating up, as multiple firms add the product.

CMC Markets is onboarding US clients via a partnership with Alpaca Securities. The company lets you trade via its OPTO brand and app.

Skowronski joins INFINOX from Admirals, where he was Chief Revenue Officer. He has held senior roles at other brokers, including Alpari and OANDA.

Ramesh Mungara joins ECB Financial from VT Markets, where he was the retail broker's Head of Africa for just over 12 months.

XTB has onboarded more than 100,000 clients in every quarter so far in 2024. Total client acquisition stands at 340,420 in the year to date.

Archax is acquiring the firm so it can operate in the European Union. The deal also gives it permissions to offer clients derivatives trading.

CMC Markets will look to get permissions that would help it facilitate trading in NZ-listed equities for both retail and institutional clients.

The new features mean clients can request performance reports and receive them automatically. Devexa is a chatbot developed by Devexperts.

Former IG Group CFO and interim CEO Charlie Rozes left the company in the summer. Abrahams joins IG from Virgin Money UK.

Exness will distribute its pricing and liquidity to other brokers that are using Centroid Solutions' risk management and bridging technology.

Multibank.io is a new arm of the Multibank group. Kim was previously Head of Derivatives at crypto prime brokerage firm Falcon X.

Revolut already has close to 1m customers in Switzerland but until now it has acted more like an e-payments firm, as it did previously in the UK.

IQ Option launched the offering at least 12 months ago. The brokerage firm is one of several major players to have set up a prop offering.

FXPesa has opened an education centre in Dar Es Salaam. It seems to be run in conjunction with a local IB and education provider.

NAGA launched its Telegram mini app at the end of September. In one month, the broker has managed to acquire over 166,000 monthly users.

Plus500 made $168.1m from client trading in Q3 2024. The broker also onboarded 24,922 clients over the course of the three month period.

Trading 212 users can now make single payments with a disposable card. The product is offered via a partnership with EMI Paynetics.

Daman Markets is the first broker to partner with the Dubai Racing Club, with the company looking to elevate its brand to be a premium offering.

Suchata 'Nutty' Kongsupachak fled Thailand in 2022, after orchestrating a scam that is thought to have cost 6,000 investors upwards of $60m.

Titan FX is doing lots of social work in Vanuatu. We go and explore Port Vila with them to find out what that is and why people like working at the firm.

The partnership will mean that investors using BUX can access IPOs and new share issuances. PrimaryBid has been active in Europe since 2018.

Markets.com is currently getting a lot of traction in the MENA region. The firm's rebrand fits with some wider trends we've seen within the industry.

ATFX has been a sponsor of the Duke of Edinburgh Cup for over seven years now, an initiative that has raised over £5m for charity over the years.

Galal was most recently the MENA rep for rival prop firm The Trading Pit. He has also held introducing broker roles at brokerages FxPro and Tickmill.

Senior Binance exec Tigran Gambaryan had been held on money laundering charges since February. He will be released due to ill-health.

Brazil has become a big market for Hantec Markets. The company's efforts fit with a wider wave of activity, with firms looking to expand in LATAM.

Our latest podcast with BullRush CEO Trent Hoerr. BullRush runs paid trading tournaments with cash prizes and is possibly the first company with this model.

The company is operating using an agreement with Alpaca and is providing no dealing fee access to trading in US stocks and ETFs.

Swissquote has also added a recurring investment option. Combined, the two products make it much easier for investors to create the portfolio they want.

ATFX is the latest broker to launch a prop offering. The broker said it will launch the product under its existing umbrella of regulated entities.

Saward has been in the trading industry for two decades. Prior to EC Markets, he held senior roles at Tradeview and the UK branch of INFINOX.

Walker was previously at IC Markets for almost a decade. He joined rival firm Global Prime in 2019 and is the latest in a string of execs to relocate to Dubai.

Andreou was most recently at BDswiss and spent close to a decade at HFM. He is the latest in a string of ex-broker execs to either join or launch a prop.

IG Group clients can now log into their account and trade using the TradingView charting platform. The firm also has a reviews and tips page.

MetaQuotes is asking props to have a shared URL with their brokerage website and offer trading on a 'live server' that would mean they monetise the business.

Cardoso made the move to HFM from Exinity, the parent company of Alpari and FXTM. He started his career at XTB over a decade ago.

Giacaman has moved to ATFX MENA from rival broker Naqdi. He also spent over two years as Chief Marketing Officer at MultiBank Group.

Taha has moved to Naqdi from Hantec Markets. Naqdi received a Category 5 License from the SCA last month and has ramped up marketing.

The broker is a quarter century old but is still doing lots of exciting things, whether it's new offices in Africa or supporting Patagonian expeditions.