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.
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
Executive Interview | Jas Shah | FMLS:25
Executive Interview | Jas Shah | FMLS:25
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
Vitalii Bulynin Talks About Versus Trade, New Pairs, and Big Plans
Vitalii Bulynin Talks About Versus Trade, New Pairs, and Big Plans
In this interview, Versus Trade Co-Founder Vitalii Bulynin explains how the company got its license fast, why its trading pairs are fresh and fun, and what the team will build next.
He also discusses the most active pairs, the IB and MIB plans, and hiring needs for new markets.
Watch the whole talk to learn more about how Versus Trade works and where it is heading.
#financemagnates #VersusTrade #TradingPairs #BTCvsGold #goldtrading #innovation
In this interview, Versus Trade Co-Founder Vitalii Bulynin explains how the company got its license fast, why its trading pairs are fresh and fun, and what the team will build next.
He also discusses the most active pairs, the IB and MIB plans, and hiring needs for new markets.
Watch the whole talk to learn more about how Versus Trade works and where it is heading.
#financemagnates #VersusTrade #TradingPairs #BTCvsGold #goldtrading #innovation
Marketing in 2026 Audiences, Costs, and Smarter AI
Marketing in 2026 Audiences, Costs, and Smarter AI
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
