Users are advised to use Apple Pay for instant and smooth payments.
Two IG subsidiaries saw profit declines in FY23, while IG Trading and Investments turned around.
IG has announced on its community forum that PayPal will no
longer be available as a payment option for users in the UK. This change
follows discussions with the Financial Conduct Authority (FCA), prompting IG to
revise its payment methods.
Switch to Apple Pay
Users will need to explore alternative options for funding
and withdrawing from their accounts. IG suggests using Apple Pay as a viable
alternative. Apple Pay provides instant transactions and high authorization
rates, ensuring a smooth experience.
An administrator writes: “This decision follows discussions
with the FCA and has led us to adjust our payment methods. Rest assured, we
have alternative options in place for funding and withdrawing from your
account. We suggest utilizing Apple Pay, which offers instant transactions with
high authorization rates for a smooth experience.”
Source: IG Forum
For any questions or concerns regarding this change, users
are advised to reach out to IG directly.
IG Subsidiaries FY23 Results
Earlier, three
British subsidiaries of IG Group released their fiscal year 2023
(FY23) financial data, as Finance
Magnates reported. For two companies, results were worse than the previous
year, while one saw a notable increase in profitability.
Reports from IG Markets Limited, IG Index Limited, and IG
Trading and Investments Limited are available in the British Companies House
register. IG Markets, which provides over-the-counter (OTC) trading services,
saw its trading revenue fall to £405.2 million from £453.6 million the previous
year.
Its net profit decreased to £171.3 million from £188.2 million,
attributed to inflation, higher interest rates, and market volatility. IG Index reported net trading revenue of £236.5 million,
down from £262.5 million, with net profit falling to £102.5 million.
IG Trading and Investments, established in August 2022,
reported a net profit of £9.17 million, a significant turnaround from the
previous year’s loss of nearly £800,000. Total equity rose from £3.5 million to
£20.7 million.
IG has announced on its community forum that PayPal will no
longer be available as a payment option for users in the UK. This change
follows discussions with the Financial Conduct Authority (FCA), prompting IG to
revise its payment methods.
Switch to Apple Pay
Users will need to explore alternative options for funding
and withdrawing from their accounts. IG suggests using Apple Pay as a viable
alternative. Apple Pay provides instant transactions and high authorization
rates, ensuring a smooth experience.
An administrator writes: “This decision follows discussions
with the FCA and has led us to adjust our payment methods. Rest assured, we
have alternative options in place for funding and withdrawing from your
account. We suggest utilizing Apple Pay, which offers instant transactions with
high authorization rates for a smooth experience.”
Source: IG Forum
For any questions or concerns regarding this change, users
are advised to reach out to IG directly.
IG Subsidiaries FY23 Results
Earlier, three
British subsidiaries of IG Group released their fiscal year 2023
(FY23) financial data, as Finance
Magnates reported. For two companies, results were worse than the previous
year, while one saw a notable increase in profitability.
Reports from IG Markets Limited, IG Index Limited, and IG
Trading and Investments Limited are available in the British Companies House
register. IG Markets, which provides over-the-counter (OTC) trading services,
saw its trading revenue fall to £405.2 million from £453.6 million the previous
year.
Its net profit decreased to £171.3 million from £188.2 million,
attributed to inflation, higher interest rates, and market volatility. IG Index reported net trading revenue of £236.5 million,
down from £262.5 million, with net profit falling to £102.5 million.
IG Trading and Investments, established in August 2022,
reported a net profit of £9.17 million, a significant turnaround from the
previous year’s loss of nearly £800,000. Total equity rose from £3.5 million to
£20.7 million.
Prop Firms and Brokers Form a Perfect Synergy: One Offers Access, the Other Capital
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
