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.
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.
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#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
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
