The brokerage service will first be available under a Comoros license, which other prop firms also obtained, but only to gain MetaTrader access.
It also has plans to obtain a Cyprus licence in the future.
A screenshot of FNmarkets website
FundedNext, a proprietary trading firm launched in 2022, is officially entering the brokerage space with the launch of FNmarkets today (Tuesday). The brokerage brand is currently authorised in Comoros; however, it has already applied for licences in Mauritius and from the Dubai Financial Services Authority (DFSA), FinanceMagnates.com has learned.
It is expecting to receive the authorization from the Mauritius Financial Services Commission (FSC) in early Q3 2025.
A Comoros-Registered CFDs Broker
Abdullah Jayed, the CEO of FundedNext, will also head the brokerage arm as Chief Executive. Selim Mahmud, who is currently the Vice President of at the prop firm, has taken the role of Head of FNmarkets.
Syed Abdullah Jayed, CEO of FundedNext and FNmarkets
A company spokesperson confirmed to FinanceMagnates.com that FundedNext and FNmarkets operate as entirely separate entities within the FN ecosystem, adding that “there is no risk transfer or shared operational framework between them.”
According to the registry of the Mwali International Services Authority, which regulates financial services companies in Comoros, FNmarkets obtained its licence in November 2024. It has also registered itself at St. Lucia, a jurisdiction that does not have any effective licensing regime for financial services firms.
It is not the only prop firm to seek a licence from Comoros, an island nation off the east coast of Africa. City Traders Imperium, Holaprime, FundingPips, and Goat Funded Trader are some of the others authorised in Comoros, but only to obtain a MetaTrader licence rather than to operate as a broker.
Interestingly, Comoros’s licensing regime has also attracted its share of controversy.
Meanwhile, FNmarkets also plans to obtain a licence in Cyprus but has not yet formally applied. A Cyprus licence would allow the firm to operate across the European Economic Area (EEA). “We do plan to pursue a CySEC licence, but our approach is phased,” the representative added. “We are committed to continuously pursuing licenses in key global jurisdictions.”
The FNmarkets brand aims to offer brokerage services to traders in emerging markets across Asia, Africa, Middle East, Oceania, and Latin America. It will primarily target traders in some of the big emerging markets like India, the Philippines, South Africa, Morocco, Kenya, Brazil, Mexico, and the UAE.
At launch, the brokerage brand will offer about 84 CFDs instruments, including forex, metals, global equities, and commodities. It will also provide round-the-clock trading in major cryptocurrency CFDs.
The launch of the brokerage is a continuation of FundedNext’s global expansion efforts. FinanceMagnates.com earlier reported on the firm’s re-entry into the United States with a futures prop platform, which is also available globally. However, its legacy CFDs prop products remain unavailable to traders based in the US.
FundedNext, a proprietary trading firm launched in 2022, is officially entering the brokerage space with the launch of FNmarkets today (Tuesday). The brokerage brand is currently authorised in Comoros; however, it has already applied for licences in Mauritius and from the Dubai Financial Services Authority (DFSA), FinanceMagnates.com has learned.
It is expecting to receive the authorization from the Mauritius Financial Services Commission (FSC) in early Q3 2025.
A Comoros-Registered CFDs Broker
Abdullah Jayed, the CEO of FundedNext, will also head the brokerage arm as Chief Executive. Selim Mahmud, who is currently the Vice President of at the prop firm, has taken the role of Head of FNmarkets.
Syed Abdullah Jayed, CEO of FundedNext and FNmarkets
A company spokesperson confirmed to FinanceMagnates.com that FundedNext and FNmarkets operate as entirely separate entities within the FN ecosystem, adding that “there is no risk transfer or shared operational framework between them.”
According to the registry of the Mwali International Services Authority, which regulates financial services companies in Comoros, FNmarkets obtained its licence in November 2024. It has also registered itself at St. Lucia, a jurisdiction that does not have any effective licensing regime for financial services firms.
It is not the only prop firm to seek a licence from Comoros, an island nation off the east coast of Africa. City Traders Imperium, Holaprime, FundingPips, and Goat Funded Trader are some of the others authorised in Comoros, but only to obtain a MetaTrader licence rather than to operate as a broker.
Interestingly, Comoros’s licensing regime has also attracted its share of controversy.
Meanwhile, FNmarkets also plans to obtain a licence in Cyprus but has not yet formally applied. A Cyprus licence would allow the firm to operate across the European Economic Area (EEA). “We do plan to pursue a CySEC licence, but our approach is phased,” the representative added. “We are committed to continuously pursuing licenses in key global jurisdictions.”
The FNmarkets brand aims to offer brokerage services to traders in emerging markets across Asia, Africa, Middle East, Oceania, and Latin America. It will primarily target traders in some of the big emerging markets like India, the Philippines, South Africa, Morocco, Kenya, Brazil, Mexico, and the UAE.
At launch, the brokerage brand will offer about 84 CFDs instruments, including forex, metals, global equities, and commodities. It will also provide round-the-clock trading in major cryptocurrency CFDs.
The launch of the brokerage is a continuation of FundedNext’s global expansion efforts. FinanceMagnates.com earlier reported on the firm’s re-entry into the United States with a futures prop platform, which is also available globally. However, its legacy CFDs prop products remain unavailable to traders based in the US.
Arnab Shome is an electronics engineer-turned-financial editor. He holds a Bachelor of Technology from the National Institute of Technology, Agartala. He entered the retail trading industry about a decade ago, covering the cryptocurrency market for Finance Magnates, and later expanded his coverage to include forex and CFDs as well.
His work at Finance Magnates includes C-level interviews, data-driven analysis, opinion pieces, and scoops of industry exclusives. He also contributes to Finance Magnates’ quarterly industry report.
Area of coverage:
1. CFD broker-related news
2. Industry-related Regulatory updates and developments
3. New retail trading trends
4. Prop trading industry updates
5. Executive interviews
Education:
Bachelor of Technology - National Institute of Technology, Agartala (India)
Claude Powers Nine of Ten Broker AI Agents That Now Trade Live Accounts
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Most market post-mortems describe what happened to prices. Few describe what happened in the trading room while the position was open: the entry conviction, the moments that tested it, and the exit decision that closed the book.
This session brings one seasoned trader to the stage for an unfiltered account of the position that still defines how they think about markets.
Attendees will walk away with:
-A first-hand account of how a conviction trade is built, from thesis and entry through position management and exit
-Understanding of what turns a market observation into a live position, and what holds it when conditions shift
-Insight into how timing, execution quality, and market structure shaped the final result
-Perspective on what the trade revealed about edge, risk tolerance, and when to hold through a position moving against you
-Clarity on what separates a well-built trade from a well-timed one
Most market post-mortems describe what happened to prices. Few describe what happened in the trading room while the position was open: the entry conviction, the moments that tested it, and the exit decision that closed the book.
This session brings one seasoned trader to the stage for an unfiltered account of the position that still defines how they think about markets.
Attendees will walk away with:
-A first-hand account of how a conviction trade is built, from thesis and entry through position management and exit
-Understanding of what turns a market observation into a live position, and what holds it when conditions shift
-Insight into how timing, execution quality, and market structure shaped the final result
-Perspective on what the trade revealed about edge, risk tolerance, and when to hold through a position moving against you
-Clarity on what separates a well-built trade from a well-timed one
Most market post-mortems describe what happened to prices. Few describe what happened in the trading room while the position was open: the entry conviction, the moments that tested it, and the exit decision that closed the book.
This session brings one seasoned trader to the stage for an unfiltered account of the position that still defines how they think about markets.
Attendees will walk away with:
-A first-hand account of how a conviction trade is built, from thesis and entry through position management and exit
-Understanding of what turns a market observation into a live position, and what holds it when conditions shift
-Insight into how timing, execution quality, and market structure shaped the final result
-Perspective on what the trade revealed about edge, risk tolerance, and when to hold through a position moving against you
-Clarity on what separates a well-built trade from a well-timed one
Most market post-mortems describe what happened to prices. Few describe what happened in the trading room while the position was open: the entry conviction, the moments that tested it, and the exit decision that closed the book.
This session brings one seasoned trader to the stage for an unfiltered account of the position that still defines how they think about markets.
Attendees will walk away with:
-A first-hand account of how a conviction trade is built, from thesis and entry through position management and exit
-Understanding of what turns a market observation into a live position, and what holds it when conditions shift
-Insight into how timing, execution quality, and market structure shaped the final result
-Perspective on what the trade revealed about edge, risk tolerance, and when to hold through a position moving against you
-Clarity on what separates a well-built trade from a well-timed one
Most market post-mortems describe what happened to prices. Few describe what happened in the trading room while the position was open: the entry conviction, the moments that tested it, and the exit decision that closed the book.
This session brings one seasoned trader to the stage for an unfiltered account of the position that still defines how they think about markets.
Attendees will walk away with:
-A first-hand account of how a conviction trade is built, from thesis and entry through position management and exit
-Understanding of what turns a market observation into a live position, and what holds it when conditions shift
-Insight into how timing, execution quality, and market structure shaped the final result
-Perspective on what the trade revealed about edge, risk tolerance, and when to hold through a position moving against you
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-The role of AI in democratizing access to trading tools, insights, and strategy development
-How crypto and blockchain can enable broader participation beyond traditional financial systems
-Addressing access barriers: infrastructure, education, and affordability in underserved communities
-Opportunities for brokers and platforms to tap into the informal trading economy
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In this discussion, we will explore:
-The role of AI in democratizing access to trading tools, insights, and strategy development
-How crypto and blockchain can enable broader participation beyond traditional financial systems
-Addressing access barriers: infrastructure, education, and affordability in underserved communities
-Opportunities for brokers and platforms to tap into the informal trading economy
As crypto and CFD trading continue to expand across Africa, access to advanced tools and market insights remains uneven. This session explores how AI and blockchain can bridge that gap by empowering informal traders and underserved communities to participate more effectively in digital financial markets. The discussion will focus on practical applications of technology to improve accessibility, education, and investment outcomes in both formal and informal sectors.
In this discussion, we will explore:
-The role of AI in democratizing access to trading tools, insights, and strategy development
-How crypto and blockchain can enable broader participation beyond traditional financial systems
-Addressing access barriers: infrastructure, education, and affordability in underserved communities
-Opportunities for brokers and platforms to tap into the informal trading economy
As crypto and CFD trading continue to expand across Africa, access to advanced tools and market insights remains uneven. This session explores how AI and blockchain can bridge that gap by empowering informal traders and underserved communities to participate more effectively in digital financial markets. The discussion will focus on practical applications of technology to improve accessibility, education, and investment outcomes in both formal and informal sectors.
In this discussion, we will explore:
-The role of AI in democratizing access to trading tools, insights, and strategy development
-How crypto and blockchain can enable broader participation beyond traditional financial systems
-Addressing access barriers: infrastructure, education, and affordability in underserved communities
-Opportunities for brokers and platforms to tap into the informal trading economy
As crypto and CFD trading continue to expand across Africa, access to advanced tools and market insights remains uneven. This session explores how AI and blockchain can bridge that gap by empowering informal traders and underserved communities to participate more effectively in digital financial markets. The discussion will focus on practical applications of technology to improve accessibility, education, and investment outcomes in both formal and informal sectors.
In this discussion, we will explore:
-The role of AI in democratizing access to trading tools, insights, and strategy development
-How crypto and blockchain can enable broader participation beyond traditional financial systems
-Addressing access barriers: infrastructure, education, and affordability in underserved communities
-Opportunities for brokers and platforms to tap into the informal trading economy
