Similar to competitors, the broker introduced interest on uninvested funds this year.
However, the terms initially stated that passive and inactive clients might not receive interest payments.
Retail
trading firms and CFD brokers have recently begun offering their clients
interest on uninvested funds. London-based Trading 212 introduced a similar
offer in May, encouraging clients to engage in passive investing.
As it
turned out, the terms included a clause stating that the company reserved the
right to suspend interest payments for inactive clients. In the latest update
to the Invest terms, this unfavorable term has been removed.
Passive Investing in
Trading 212 Only for Active Clients
Record-high
interest rates have led many savers and investors to avoid risk, preferring to
keep their money in bank accounts and earning several percentage points in
interest.
To meet
this demand and retain clients, retail trading firms began offering interest on
uninvested cash. Among them was XTB, which in November 2023 offered up to 5% on
idle client deposits. BidX and Webull later joined with similar offers.
Trading 212
introduced a similar solution in May, along with a multi-currency payment card,
likely aiming to diversify revenue streams and keep clients on board. The new
product offered up to 5.2% interest on uninvested money deposited in trading
accounts.
However,
the offer had a catch. Trading 212's “Invest
Terms” reserved the right to suspend interest payments with immediate
effect. The company cited the need to ensure it operated within its regulatory
permissions.
“15.3.
To ensure that we act within the scope of our regulatory permissions, in order
to be eligible to receive Interest on Cash in accordance with this Clause 15.,
you must actively engage in trading activities through your Account or Stocks
ISA Account with us. For Accounts that are not actively trading, we reserve the
right, at our sole discretion, to suspend any interest payment to you with
immediate effect and we will notify you.”
The change
takes effect on October 4, 2024, so within the next month.
Mukid Chowdhury, the CEO of Trading 212
In response to a question about the change asked by Finance Magnates, Mukid Chowdhury, the Group's Chief Executive Officer, responded: “The removal of the clause related to the suspension of
interest payments is part of our ongoing effort to simplify and improve
transparency in our terms and conditions. We strive to ensure that our terms
are clear and beneficial to our clients, and this change reflects our
commitment to providing a more straightforward and customer-friendly
experience.”
Acquisition, New License,
and “Eaten Gains”
Trading 212
has been busy lately. Last month, the CFD company acquired FXFlat Bank GmbH as
part of its expansion into the German market. This acquisition aims to provide
German investors access to Trading 212's commission-free investment platform,
which promises to disrupt traditional brokerage models in the UK and Europe.
Earlier in
June, the company obtained a cryptocurrency license in Cyprus, becoming an
official crypto asset service provider (CASP). According to the Cyprus
Securities and Exchange Commission (CySEC) register, the CASP license was
granted to a local entity called Trading 212 Crypto Ltd on May 20, 2024. This
newly formed entity is separate from Trading 212 Markets Ltd, which holds a
Cyprus Investment Firm (CIF) license.
In May, the
London-based broker published its results for the previous year, showing that
the UK subsidiary experienced a slowdown in revenue and profit growth in 2023.
The brokerage operator reported a 3% decrease in revenue and a 28% decrease in
pre-tax profits over the year.
The
company's profits were affected by increased administrative costs, which rose
by 45% to £71.2 million due to intensified marketing efforts. The firm resumed
marketing activities in the last quarter of 2022 and spent over £7.4 million on
research and development.
Retail
trading firms and CFD brokers have recently begun offering their clients
interest on uninvested funds. London-based Trading 212 introduced a similar
offer in May, encouraging clients to engage in passive investing.
As it
turned out, the terms included a clause stating that the company reserved the
right to suspend interest payments for inactive clients. In the latest update
to the Invest terms, this unfavorable term has been removed.
Passive Investing in
Trading 212 Only for Active Clients
Record-high
interest rates have led many savers and investors to avoid risk, preferring to
keep their money in bank accounts and earning several percentage points in
interest.
To meet
this demand and retain clients, retail trading firms began offering interest on
uninvested cash. Among them was XTB, which in November 2023 offered up to 5% on
idle client deposits. BidX and Webull later joined with similar offers.
Trading 212
introduced a similar solution in May, along with a multi-currency payment card,
likely aiming to diversify revenue streams and keep clients on board. The new
product offered up to 5.2% interest on uninvested money deposited in trading
accounts.
However,
the offer had a catch. Trading 212's “Invest
Terms” reserved the right to suspend interest payments with immediate
effect. The company cited the need to ensure it operated within its regulatory
permissions.
“15.3.
To ensure that we act within the scope of our regulatory permissions, in order
to be eligible to receive Interest on Cash in accordance with this Clause 15.,
you must actively engage in trading activities through your Account or Stocks
ISA Account with us. For Accounts that are not actively trading, we reserve the
right, at our sole discretion, to suspend any interest payment to you with
immediate effect and we will notify you.”
The change
takes effect on October 4, 2024, so within the next month.
Mukid Chowdhury, the CEO of Trading 212
In response to a question about the change asked by Finance Magnates, Mukid Chowdhury, the Group's Chief Executive Officer, responded: “The removal of the clause related to the suspension of
interest payments is part of our ongoing effort to simplify and improve
transparency in our terms and conditions. We strive to ensure that our terms
are clear and beneficial to our clients, and this change reflects our
commitment to providing a more straightforward and customer-friendly
experience.”
Acquisition, New License,
and “Eaten Gains”
Trading 212
has been busy lately. Last month, the CFD company acquired FXFlat Bank GmbH as
part of its expansion into the German market. This acquisition aims to provide
German investors access to Trading 212's commission-free investment platform,
which promises to disrupt traditional brokerage models in the UK and Europe.
Earlier in
June, the company obtained a cryptocurrency license in Cyprus, becoming an
official crypto asset service provider (CASP). According to the Cyprus
Securities and Exchange Commission (CySEC) register, the CASP license was
granted to a local entity called Trading 212 Crypto Ltd on May 20, 2024. This
newly formed entity is separate from Trading 212 Markets Ltd, which holds a
Cyprus Investment Firm (CIF) license.
In May, the
London-based broker published its results for the previous year, showing that
the UK subsidiary experienced a slowdown in revenue and profit growth in 2023.
The brokerage operator reported a 3% decrease in revenue and a 28% decrease in
pre-tax profits over the year.
The
company's profits were affected by increased administrative costs, which rose
by 45% to £71.2 million due to intensified marketing efforts. The firm resumed
marketing activities in the last quarter of 2022 and spent over £7.4 million on
research and development.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
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
