A press release shared with FinanceMagnates.com detailed that the broker has hired Jason Hughes as its General Manager for the Middle East.
The broker is also opening a service centre in Malaysia and boosting its tech presence in India and the Philippines.
Racing simulator at IC Markets booth
Australia-headquartered broker IC Markets is considering strengthening its presence in the Middle East by obtaining a licence in the United Arab Emirates. However, it remains unclear which regulator the broker will approach in the country.
The move is part of a broader strategy to expand its footprint across Africa, the Middle East, and Southeast Asia.
A New Head for the Middle East
A press release shared with FinanceMagnates.com also revealed that the broker has appointed Jason Hughes as its General Manager for the Middle East. Hughes has previously worked with several brokerage firms, including eToro, Exinity, ADSS, CMC Markets, and IG Group, bringing nearly two decades of industry experience to his new role at IC Markets.
Jason Hughes as IC Markets' General Manager for the Middle East
“In the Middle East, the Group is progressing toward securing regulatory approval in the United Arab Emirates, with plans to offer a high-touch, relationship-managed service tailored to the region’s trading community,” the broker stated in the announcement.
Further, IC Markets is establishing a new service centre in Malaysia to support its broader commercial growth plans. It is also investing in technology hubs in India and the Philippines.
Last year, Axi, another Australia-based CFDs broker, opened an office in India, which has since become its technology and product centre. Both Axi and IC Markets have also entered the prop trading space with their own platforms.
IC Markets’ Dispute in Cyprus
IC Markets offers leveraged trading in margin forex and CFDs across several asset classes. In addition to its Australian operations, the broker holds licences in Cyprus, Seychelles, and the Bahamas. It also obtained authorisation from Kenya’s financial regulator last year, expanding into Africa’s growing trading market.
Despite being among the top brokers in terms of trading volumes, IC Markets has faced its share of controversies.
In 2023, the Cyprus Securities and Exchange Commission (CySEC) imposed a €200,000 fine on the broker for “knowingly and intentionally” violating leverage limits. According to the regulator, IC Markets’ Cyprus-regulated entity offered clients leverage of up to 1000:1 by onboarding them under an offshore entity. Within the European Union, FX and CFDs brokers are only allowed to offer leverage up to 30:1.
In a statement shared with FinanceMagnates.com at the time, an IC Markets spokesperson “categorically denied” the allegations and said the company “will rigorously pursue an appeal.” However, it remains unclear whether the broker followed through with legal action against the regulatory decision.
Australia-headquartered broker IC Markets is considering strengthening its presence in the Middle East by obtaining a licence in the United Arab Emirates. However, it remains unclear which regulator the broker will approach in the country.
The move is part of a broader strategy to expand its footprint across Africa, the Middle East, and Southeast Asia.
A New Head for the Middle East
A press release shared with FinanceMagnates.com also revealed that the broker has appointed Jason Hughes as its General Manager for the Middle East. Hughes has previously worked with several brokerage firms, including eToro, Exinity, ADSS, CMC Markets, and IG Group, bringing nearly two decades of industry experience to his new role at IC Markets.
Jason Hughes as IC Markets' General Manager for the Middle East
“In the Middle East, the Group is progressing toward securing regulatory approval in the United Arab Emirates, with plans to offer a high-touch, relationship-managed service tailored to the region’s trading community,” the broker stated in the announcement.
Further, IC Markets is establishing a new service centre in Malaysia to support its broader commercial growth plans. It is also investing in technology hubs in India and the Philippines.
Last year, Axi, another Australia-based CFDs broker, opened an office in India, which has since become its technology and product centre. Both Axi and IC Markets have also entered the prop trading space with their own platforms.
IC Markets’ Dispute in Cyprus
IC Markets offers leveraged trading in margin forex and CFDs across several asset classes. In addition to its Australian operations, the broker holds licences in Cyprus, Seychelles, and the Bahamas. It also obtained authorisation from Kenya’s financial regulator last year, expanding into Africa’s growing trading market.
Despite being among the top brokers in terms of trading volumes, IC Markets has faced its share of controversies.
In 2023, the Cyprus Securities and Exchange Commission (CySEC) imposed a €200,000 fine on the broker for “knowingly and intentionally” violating leverage limits. According to the regulator, IC Markets’ Cyprus-regulated entity offered clients leverage of up to 1000:1 by onboarding them under an offshore entity. Within the European Union, FX and CFDs brokers are only allowed to offer leverage up to 30:1.
In a statement shared with FinanceMagnates.com at the time, an IC Markets spokesperson “categorically denied” the allegations and said the company “will rigorously pursue an appeal.” However, it remains unclear whether the broker followed through with legal action against the regulatory decision.
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
In this video, we take an in-depth look at @Exness , a global multi-asset broker operating since 2008, known for fast withdrawals, flexible account types, and strong regulatory coverage across multiple regions.
We break down Exness’s regulatory framework, supported trading platforms including MetaTrader 4, MetaTrader 5, Exness Terminal, and the Exness Trade App, as well as available account types such as Standard, Pro, Zero, and Raw Spread.
You’ll also learn about Exness’s leverage options, fees and commissions, swap-free trading, available instruments across forex, commodities, indices, stocks, and cryptocurrencies, and what traders can expect in terms of execution, funding speed, and customer support.
Watch the full review to see whether Exness aligns with your trading goals and strategy.
👉 Explore Exness’s full broker listing on the Finance Magnates Directory:
https://directory.financemagnates.com/multi-asset-brokers/exness/
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
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#Exness #ExnessReview #Forex #FinanceMagnates #ForexBroker #BrokerReview #CFDTrading #OnlineTrading #MarketInsights
In this video, we take an in-depth look at @Exness , a global multi-asset broker operating since 2008, known for fast withdrawals, flexible account types, and strong regulatory coverage across multiple regions.
We break down Exness’s regulatory framework, supported trading platforms including MetaTrader 4, MetaTrader 5, Exness Terminal, and the Exness Trade App, as well as available account types such as Standard, Pro, Zero, and Raw Spread.
You’ll also learn about Exness’s leverage options, fees and commissions, swap-free trading, available instruments across forex, commodities, indices, stocks, and cryptocurrencies, and what traders can expect in terms of execution, funding speed, and customer support.
Watch the full review to see whether Exness aligns with your trading goals and strategy.
👉 Explore Exness’s full broker listing on the Finance Magnates Directory:
https://directory.financemagnates.com/multi-asset-brokers/exness/
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Exness #ExnessReview #Forex #FinanceMagnates #ForexBroker #BrokerReview #CFDTrading #OnlineTrading #MarketInsights
The FMLS:25 highlights video is now live - a look back at the conversations, the energy on the floor, and the moments that shaped this year’s summit.
While that’s still fresh, the next launches across the FM Events portfolio are already taking shape.
FM Singapore takes place on the 12-14 of May, connecting the APAC market with its own distinct audience and priorities. FMAS:26 heads to Cape Town on 26–27 May shortly after, bringing the focus to Africa’s trading and fintech ecosystem.
Different regions. Different audiences. Same commitment to building the right rooms for meaningful conversations.
More details coming very soon. The launches are imminent. - here you go
The FMLS:25 highlights video is now live - a look back at the conversations, the energy on the floor, and the moments that shaped this year’s summit.
While that’s still fresh, the next launches across the FM Events portfolio are already taking shape.
FM Singapore takes place on the 12-14 of May, connecting the APAC market with its own distinct audience and priorities. FMAS:26 heads to Cape Town on 26–27 May shortly after, bringing the focus to Africa’s trading and fintech ecosystem.
Different regions. Different audiences. Same commitment to building the right rooms for meaningful conversations.
More details coming very soon. The launches are imminent. - here you go
What sources does the Finance Magnates newsroom rely on before publishing a story? #FinanceNews
What sources does the Finance Magnates newsroom rely on before publishing a story? #FinanceNews
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the editorial process: direct industry sources, reports, regulators, social media signals, and thorough cross-checking before anything goes live.
📰 Industry sources
📊 Reports & regulators
🔎 Verification before publication
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the editorial process: direct industry sources, reports, regulators, social media signals, and thorough cross-checking before anything goes live.
📰 Industry sources
📊 Reports & regulators
🔎 Verification before publication
OnePrime’s Jerry Khargi on Infrastructure, Liquidity & Trust | Executive Interview
OnePrime’s Jerry Khargi on Infrastructure, Liquidity & Trust | Executive Interview
Recorded live at FMLS:25 London, this exclusive executive interview features Jerry Khargi, Executive Director at OnePrime, in conversation with Andrea Badiola Mateos from Finance Magnates.
In this in-depth discussion, Jerry shares:
- OnePrime’s journey from a retail-focused business to a global institutional liquidity provider
- What truly sets award-winning trading infrastructure apart
- Key trends shaping institutional trading, including technology and AI
- The importance of transparency, ethics, and reputation in long-term success
- OnePrime’s vision for growth over the next 12–24 months
Fresh from winning Finance Magnates’ Best Trading Infrastructure Broker, Jerry explains how experience, mentorship, and real-world problem solving form the “special sauce” behind OnePrime’s institutional offering.
🏆 Award Highlight: Best Trading Infrastructure Broker
👉 Subscribe to Finance Magnates for more executive interviews, market insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #OnePrime #InstitutionalTrading #Liquidity #TradingInfrastructure #ExecutiveInterview
Recorded live at FMLS:25 London, this exclusive executive interview features Jerry Khargi, Executive Director at OnePrime, in conversation with Andrea Badiola Mateos from Finance Magnates.
In this in-depth discussion, Jerry shares:
- OnePrime’s journey from a retail-focused business to a global institutional liquidity provider
- What truly sets award-winning trading infrastructure apart
- Key trends shaping institutional trading, including technology and AI
- The importance of transparency, ethics, and reputation in long-term success
- OnePrime’s vision for growth over the next 12–24 months
Fresh from winning Finance Magnates’ Best Trading Infrastructure Broker, Jerry explains how experience, mentorship, and real-world problem solving form the “special sauce” behind OnePrime’s institutional offering.
🏆 Award Highlight: Best Trading Infrastructure Broker
👉 Subscribe to Finance Magnates for more executive interviews, market insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #OnePrime #InstitutionalTrading #Liquidity #TradingInfrastructure #ExecutiveInterview
How does the Finance Magnates newsroom decide which updates are worth covering? #financenews
How does the Finance Magnates newsroom decide which updates are worth covering? #financenews
What makes an update worth covering in financial media?
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, editorial focus starts with relevance: stories that serve the industry, support brokers and technology providers, and help decision-makers navigate their businesses.
A reminder that strong financial journalism is built on value, not volume.
What makes an update worth covering in financial media?
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, editorial focus starts with relevance: stories that serve the industry, support brokers and technology providers, and help decision-makers navigate their businesses.
A reminder that strong financial journalism is built on value, not volume.
