The volatility due to Trump's tariffs even pushed eToro to pause its IPO roadshow.
Brokerage stocks across borders plummeted since the announcement of the tariffs.
Volatility usually benefits brokers, as traders become more active in uncertain markets. However, publicly listed brokers also tend to suffer when markets fall. The shares of three London-listed contracts for differences (CFDs) brokers—IG Group (IGG), CMC Markets (CMCX), and Plus500 (PLUS)—have lost a significant portion of their value since US President Donald Trump announced tariffs last week.
Brokerage Stocks Dive, Except One
CMC Markets suffered the steepest losses among its two peers, with its shares dropping about 9 per cent in value since Friday. IG Group’s shares fell by around 8 per cent, while Plus500 saw a 7 per cent decline.
These brokers’ stocks continued to fall today (Monday). CMC once again led the losses, with its shares dropping over 5 per cent since the opening of the latest trading session. Although IG Group shares fell by more than 3.3 per cent, Plus500 limited its losses to around 2 per cent.
The movement of CMCX stocks; Source: Google Finance
The movement of these three CFD stocks also reflected the broader FTSE 100 index, the leading benchmark of the UK stock market, which lost about 5 per cent of its value today (Monday) after a similar 5 per cent decline on Friday.
Swissquote, a Switzerland-listed platform that also offers CFDs, dropped by 5.5 per cent today and about 15 per cent over the past five trading sessions. However, Poland-listed XTB defied global market trends and gained over 4 per cent today, recovering the losses it sustained last week.
The movement of XTB shares today (Monday); Source: Google Finance
The heavy losses in global stock markets began after US President Trump imposed a 10 per cent baseline tariff on all US imports. Some Southeast Asian countries were among the hardest hit, with tariffs reaching as high as 49 per cent and 46 per cent on goods from Cambodia and Vietnam, respectively.
China is also facing a 34 per cent tariff, in addition to the 20 per cent already imposed earlier by President Trump. In response, China imposed a 34 per cent tariff on all US imports on Friday.
While the S&P 500 was trading at an all-time high last February, the index dropped nearly 10.5 per cent over the last two trading sessions, Thursday and Friday. The extreme market conditions even disrupted eToro’s public listing plans. The Israeli broker reportedly paused its initial public offering (IPO) roadshow, though sources say it has not changed its intention to go public in Q2 this year. Instead, the company will continue to monitor market conditions amid ongoing volatility.
Interactive Brokers (IBKR), another major brokerage firm with CFDs in its offering, has lost 20 per cent of its value since last Wednesday. In the ongoing pre-market session, IBKR stock dropped by another 7 per cent. Robinhood stock followed a similar path, falling by around 10 per cent since the tariff announcement and a further 8.1 per cent in pre-market trading.
Volatility usually benefits brokers, as traders become more active in uncertain markets. However, publicly listed brokers also tend to suffer when markets fall. The shares of three London-listed contracts for differences (CFDs) brokers—IG Group (IGG), CMC Markets (CMCX), and Plus500 (PLUS)—have lost a significant portion of their value since US President Donald Trump announced tariffs last week.
Brokerage Stocks Dive, Except One
CMC Markets suffered the steepest losses among its two peers, with its shares dropping about 9 per cent in value since Friday. IG Group’s shares fell by around 8 per cent, while Plus500 saw a 7 per cent decline.
These brokers’ stocks continued to fall today (Monday). CMC once again led the losses, with its shares dropping over 5 per cent since the opening of the latest trading session. Although IG Group shares fell by more than 3.3 per cent, Plus500 limited its losses to around 2 per cent.
The movement of CMCX stocks; Source: Google Finance
The movement of these three CFD stocks also reflected the broader FTSE 100 index, the leading benchmark of the UK stock market, which lost about 5 per cent of its value today (Monday) after a similar 5 per cent decline on Friday.
Swissquote, a Switzerland-listed platform that also offers CFDs, dropped by 5.5 per cent today and about 15 per cent over the past five trading sessions. However, Poland-listed XTB defied global market trends and gained over 4 per cent today, recovering the losses it sustained last week.
The movement of XTB shares today (Monday); Source: Google Finance
The heavy losses in global stock markets began after US President Trump imposed a 10 per cent baseline tariff on all US imports. Some Southeast Asian countries were among the hardest hit, with tariffs reaching as high as 49 per cent and 46 per cent on goods from Cambodia and Vietnam, respectively.
China is also facing a 34 per cent tariff, in addition to the 20 per cent already imposed earlier by President Trump. In response, China imposed a 34 per cent tariff on all US imports on Friday.
While the S&P 500 was trading at an all-time high last February, the index dropped nearly 10.5 per cent over the last two trading sessions, Thursday and Friday. The extreme market conditions even disrupted eToro’s public listing plans. The Israeli broker reportedly paused its initial public offering (IPO) roadshow, though sources say it has not changed its intention to go public in Q2 this year. Instead, the company will continue to monitor market conditions amid ongoing volatility.
Interactive Brokers (IBKR), another major brokerage firm with CFDs in its offering, has lost 20 per cent of its value since last Wednesday. In the ongoing pre-market session, IBKR stock dropped by another 7 per cent. Robinhood stock followed a similar path, falling by around 10 per cent since the tariff announcement and a further 8.1 per cent in pre-market trading.
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.
73% of Young Investors Say Traditional Wealth Building Is Broken – Here’s How They Trade Instead
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
