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 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.
Virtu Financial’s Trading Income Jumps 34% in 2025 amid Market Volatility
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 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
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 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
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
