Daily FX Brokers’ News: Darwinex, XTB and IG Group
Friday,04/09/2015|19:21GMTby
Andy Traveller
In addition to altered trading schedules stemming from the U.S. Labor Day, several brokers have made changes to their products and offerings.
As the week draws to a close, we bring you the latest daily roundup of changes to the products and offerings of Forex brokers around the world.
While the upcoming U.S. Labor Day on Monday has prompted Alpari, FXOpen and Hirose to update customers on affected trading schedules, Darwinex, XTB and IG have made changes to their trading environments and technology.
DARWIN Correlation Now Live
The UK regulated trading firm, Darwinex, today announced the launch of the DARWIN portfolio correlation engine.
The launch of DARWIN Correlation draws on the company’s historical legacy of providing trader performance evaluation tools. The new technology means that:
DARWIN Portfolio equity at risk is no longer the simple sum of individual DARWIN equity at risk (which would imply 100% correlation);
Rather, DARWIN Portfolio equity at risk accounts for diversification by analysing the correlation between DARWINs in a portfolio;
Correlations are available at all times.
Correlation ranges are colour-coded according to the following definitions:
Green (high diversification / low overlap) -> correlations of 0.2 or lower (including negative ones);
Orange (medium diversification / overlap) -> correlations higher than 20% (0.2) but lower than 50% (0.5);
Red (significant overlap) -> correlations higher than 70% (0.7).
Since becoming a licensed advisor in 2013, Darwinex has made clear its intention to offer both money management products and trader evaluation.
XTB Amends Fees and Commissions
Meanwhile, the British arm of Polish online broker, XTB, has advised clients to take a look at its revised Fees and Commissions Table. The company has made a number of amendments which have already come into effect.
Specifically, traders with XTB can expect a decrease of minimum Equity CFD commission on CZK from 400 to 300.
Finally, IG Group (LSE: IGG), the UK-based broker, presented a number of changes to its trading environment today, including adding new features to its Trading Platform.
Specifically, the firm’s online trading has undergone some changes. Traders can now:
Tab different panels into the same window for watchlists and charts;
Drag and drop individual markets into their watchlists or charts;
Select their favourite options more quickly with an improved drop-down list;
Click on the top-navigation to bring the corresponding panel to the front.
Correspondingly, the mobile app has also been under development, with users now able to access free, interactive and customisable charts from their mobile devices.
Finally, IG rounded out its new offerings by announcing that traders can gain even more control over their order execution, with the "partial fills" and "points through current" features having been added to the trading platform and the latest version of the IG mobile trading app.
In July, IG Group made headlines after it announced its preliminary results for the 2014 fiscal year. Despite the Swiss franc turmoil back in January, which saw the broker sustain heavy losses, the company registered a respectable growth rate in underlying revenues, up by 8% to $622 million (£400 million).
As the week draws to a close, we bring you the latest daily roundup of changes to the products and offerings of Forex brokers around the world.
While the upcoming U.S. Labor Day on Monday has prompted Alpari, FXOpen and Hirose to update customers on affected trading schedules, Darwinex, XTB and IG have made changes to their trading environments and technology.
DARWIN Correlation Now Live
The UK regulated trading firm, Darwinex, today announced the launch of the DARWIN portfolio correlation engine.
The launch of DARWIN Correlation draws on the company’s historical legacy of providing trader performance evaluation tools. The new technology means that:
DARWIN Portfolio equity at risk is no longer the simple sum of individual DARWIN equity at risk (which would imply 100% correlation);
Rather, DARWIN Portfolio equity at risk accounts for diversification by analysing the correlation between DARWINs in a portfolio;
Correlations are available at all times.
Correlation ranges are colour-coded according to the following definitions:
Green (high diversification / low overlap) -> correlations of 0.2 or lower (including negative ones);
Orange (medium diversification / overlap) -> correlations higher than 20% (0.2) but lower than 50% (0.5);
Red (significant overlap) -> correlations higher than 70% (0.7).
Since becoming a licensed advisor in 2013, Darwinex has made clear its intention to offer both money management products and trader evaluation.
XTB Amends Fees and Commissions
Meanwhile, the British arm of Polish online broker, XTB, has advised clients to take a look at its revised Fees and Commissions Table. The company has made a number of amendments which have already come into effect.
Specifically, traders with XTB can expect a decrease of minimum Equity CFD commission on CZK from 400 to 300.
Finally, IG Group (LSE: IGG), the UK-based broker, presented a number of changes to its trading environment today, including adding new features to its Trading Platform.
Specifically, the firm’s online trading has undergone some changes. Traders can now:
Tab different panels into the same window for watchlists and charts;
Drag and drop individual markets into their watchlists or charts;
Select their favourite options more quickly with an improved drop-down list;
Click on the top-navigation to bring the corresponding panel to the front.
Correspondingly, the mobile app has also been under development, with users now able to access free, interactive and customisable charts from their mobile devices.
Finally, IG rounded out its new offerings by announcing that traders can gain even more control over their order execution, with the "partial fills" and "points through current" features having been added to the trading platform and the latest version of the IG mobile trading app.
In July, IG Group made headlines after it announced its preliminary results for the 2014 fiscal year. Despite the Swiss franc turmoil back in January, which saw the broker sustain heavy losses, the company registered a respectable growth rate in underlying revenues, up by 8% to $622 million (£400 million).
Retail Trading & Prop Firms in 2025: Five Defining Trends - And One Prediction for 2026
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
