The prop firm has over 6,000 active traders and 600 funded accounts.
The acquisition deal is worth “a few million” dollars.
A screenshot of The Forex Funder website
AXE Securities, a contracts for differences (CFDs) broker operating from the Bahamas, has become the latest to enter the fast-growing prop trading industry by acquiring The Forex Funder (TFF). The prop firm was previously owned by Tommy Cobain, an influencer trader with 148.1K followers on X (formerly Twitter).
The acquisition, which was announced today (Tuesday), was strategic and will allow the broker to broaden its range of services. However, the broker refused to reveal the exact financial details of the deal, only mentioning “it’s a few million” dollars.
Tahsin Haykal, Managing Director of AXE Securities; Source: LinkedIn
The Forex Funder is registered in Dubai, and AXE Securities acquired it under its Hong Kong-registered holding company.
“This acquisition aligns with our goal to provide traders with the best possible tools and resources to succeed in the financial markets,” said Tahsin Haykal, Managing Director of AXE Securities. “We are confident that our combined expertise will improve the trading experience for all TFF clients.”
Meanwhile, several prop firms have recently shuttered or suspended their operations, citing various reasons. Indigo Trader Funding, Funds For Traders, Funded Engineer, and True Forex Funds are only a few prop trading brands that have ceased operations.
“By integrating TFF into our portfolio, we are not only expanding our reach but also reinforcing our dedication to supporting traders at every level,” added Domantas Mocevicius, Managing Director of AXE Securities.
Over 6,000 Active Traders
When it comes to The Forex Funder, they have a good social media presence with 126.7K followers on X (formerly Twitter), 81.6K followers on Instagram, 10.5K subscribers on Telegram, 10.2K subscribers on YouTube, and over 5.4K followers on TikTok. However, the Discord link on its website is broken, showing the message “this invite may be expired or you might not have the permission to join.”
AXE revealed that the prop firm has over 6,000 active traders and 600 funded accounts. However, it has a 2.7 rating on Trustpilot, which is categorised as ‘poor’. The rating is based on the reviews from 1,591 users as of press time.
The acquisition of The Forex Funder also led to the replacement of the prop trading firm's management, but it will continue to operate as an independent brand. Haykal and Mocevicius have taken over as the new management.
AXE revealed to Finance Magnates that Haykal will oversee the prop trading firm’s day-to-day operations and will also focus on expanding its market presence, driving growth, and ensuring the long-term sustainability of the business. Mocevicius, on the other hand, will be responsible for improving the firm’s infrastructure, ensuring robust risk management practices, and enhancing compliance frameworks
AXE Securities, a contracts for differences (CFDs) broker operating from the Bahamas, has become the latest to enter the fast-growing prop trading industry by acquiring The Forex Funder (TFF). The prop firm was previously owned by Tommy Cobain, an influencer trader with 148.1K followers on X (formerly Twitter).
The acquisition, which was announced today (Tuesday), was strategic and will allow the broker to broaden its range of services. However, the broker refused to reveal the exact financial details of the deal, only mentioning “it’s a few million” dollars.
Tahsin Haykal, Managing Director of AXE Securities; Source: LinkedIn
The Forex Funder is registered in Dubai, and AXE Securities acquired it under its Hong Kong-registered holding company.
“This acquisition aligns with our goal to provide traders with the best possible tools and resources to succeed in the financial markets,” said Tahsin Haykal, Managing Director of AXE Securities. “We are confident that our combined expertise will improve the trading experience for all TFF clients.”
Meanwhile, several prop firms have recently shuttered or suspended their operations, citing various reasons. Indigo Trader Funding, Funds For Traders, Funded Engineer, and True Forex Funds are only a few prop trading brands that have ceased operations.
“By integrating TFF into our portfolio, we are not only expanding our reach but also reinforcing our dedication to supporting traders at every level,” added Domantas Mocevicius, Managing Director of AXE Securities.
Over 6,000 Active Traders
When it comes to The Forex Funder, they have a good social media presence with 126.7K followers on X (formerly Twitter), 81.6K followers on Instagram, 10.5K subscribers on Telegram, 10.2K subscribers on YouTube, and over 5.4K followers on TikTok. However, the Discord link on its website is broken, showing the message “this invite may be expired or you might not have the permission to join.”
AXE revealed that the prop firm has over 6,000 active traders and 600 funded accounts. However, it has a 2.7 rating on Trustpilot, which is categorised as ‘poor’. The rating is based on the reviews from 1,591 users as of press time.
The acquisition of The Forex Funder also led to the replacement of the prop trading firm's management, but it will continue to operate as an independent brand. Haykal and Mocevicius have taken over as the new management.
AXE revealed to Finance Magnates that Haykal will oversee the prop trading firm’s day-to-day operations and will also focus on expanding its market presence, driving growth, and ensuring the long-term sustainability of the business. Mocevicius, on the other hand, will be responsible for improving the firm’s infrastructure, ensuring robust risk management practices, and enhancing compliance frameworks
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.
smartTrade to Buy BGC’s Analytics Unit kACE in $119M Deal to Build Unified Platform
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
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
Vitalii Bulynin Talks About Versus Trade, New Pairs, and Big Plans
Vitalii Bulynin Talks About Versus Trade, New Pairs, and Big Plans
In this interview, Versus Trade Co-Founder Vitalii Bulynin explains how the company got its license fast, why its trading pairs are fresh and fun, and what the team will build next.
He also discusses the most active pairs, the IB and MIB plans, and hiring needs for new markets.
Watch the whole talk to learn more about how Versus Trade works and where it is heading.
#financemagnates #VersusTrade #TradingPairs #BTCvsGold #goldtrading #innovation
In this interview, Versus Trade Co-Founder Vitalii Bulynin explains how the company got its license fast, why its trading pairs are fresh and fun, and what the team will build next.
He also discusses the most active pairs, the IB and MIB plans, and hiring needs for new markets.
Watch the whole talk to learn more about how Versus Trade works and where it is heading.
#financemagnates #VersusTrade #TradingPairs #BTCvsGold #goldtrading #innovation
Marketing in 2026 Audiences, Costs, and Smarter AI
Marketing in 2026 Audiences, Costs, and Smarter AI
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Fail Better Trading Tech to Tackle Industry Risks
Fail Better Trading Tech to Tackle Industry Risks
Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
