Traffic data shows DailyFX's highest traffic came from the United States in February.
However, IG Group says the platform does not undertake any regulated activity in the US.
The United States Securities and Exchange Commission (SEC) says DailyFX, an IG Group-owned trading news portal, is not allowed to solicit investments from investors. While the US is the site's top source of traffic according to Similarweb, IG Group clarified that it is designated to European and Asian traders.
The bottom strip of the SEC website shows the page was modified on March 7, 2023.
On March 7, the watchdog modified its list of Public Alerts: Unregistered Soliciting Entities, aka PAUSE, to include DailyFX. However, a Google search reveals that the addition of DailyFX to the page happened on February 8, 2023.
Source: Google search
The SEC PAUSE Programme lists
firms that try to gain investor confidence by falsely claiming to be
registered, licensed and or located in the United States. According to the SEC,
DailyFX operates from Chicago, Illinois, as an unregistered soliciting entity.
“The PAUSE Program also lists
entities that impersonate genuine U.S. registered securities firms as well as
fictitious regulators, governmental agencies, or international organizations,” the SEC wrote on the alert page.
DailyFX: "No Presence in the United States"
According to DailyFX's website, the platform, which is run by FX Publications (FXP) Inc., has no presence in the United States. Instead, the platform is run from offices in London, Tokyo, Singapore, Sydney, Krakow, and Johannesburg.
"[DailyFX] is no longer a registered Introducing Broker with the Commodity Futures Trading Commission and is no longer a Member of the National Futures Association (NFA) in the U.S. Any and all information provided by FXP is not intended for use by U.S. residents or individuals domiciled in the U.S. Information presented by FXP should be construed as market commentary, merely observing economical, political and market conditions," the website further states.
In June 2021, IG Group finalized its acquisition of tastytrade for $1 billion. tastytrade also owns a financial content network called tastylive, which is also a part of IG now.
Responding to the SEC's addition of DailyFX to the PAUSE Programme, IG Group noted that the company after acquiring Tastytrade redirected its "DailyFX resources to best serve clients in Europe and Asia." Alayna Francis, DailyFX's Global Head of Media Relations, told Finance Magnates that IG Group as a part of its post-acquisition US business model and strategy has been leading "with tasty's existing, robust content platform in the US."
Traffic data shows DailyFX's highest traffic came from the US in February. Source: Similarweb
Furthermore, an industry source told Finance Magnates that DailyFX does not undertake any regulated activity in the US and applied for de-registration with the NFA. The deregistration was finalized recently, the source said, noting that the inclusion in the PAUSE Programme confirms this.
Meanwhile, Finance Magnates approached the SEC for clarification on the inclusion of DailyFX to the PAUSE Programme but is yet to get a response as of press time. In the PAUSE alert, the US regulator did not state why an entity owned by IG Group, which is a registered online trading provider, was singled out despite giving up its NFA membership.
SEC's Actions against Trading News Providers
While most of the SEC's usual actions target platforms directly offering trading services, it is not a stranger to cracking down on trading news platforms. One of the prominent actions of the SEC in this area is its actions against Seeking Alpha, a leading community-led trading industry news platform where anyone can create an account and post content.
The SEC in 2013 charged Seeking Alpha for violating federal securities laws by allowing contributors to post articles containing false and misleading information about certain publicly traded companies. The regulator's allegations claimed that Seeking Alpha failed to ensure the information on its websites are accurate, allowing contributors to manipulate the stock markets.
Seeking Alpha had to pay a penalty of $75,000 to settle the charge. In addition, the regulator issued a cease-and-desist order against the news portal requiring it to take steps to prevent similar violations in the future. However, the content-generating models of Seeking Alpha and DailyFX are different.
While anyone can contribute on Seeking Alpha, DailyFX is a closed platform, and vetted contributors provide the news and analysis. Currently, DailyFX website lists nine names as the authors, whose role shuffles between Strategies and Analysts.
Although the commission's existing rules around trading news portals apply to DailyFX, most of these rules are designed to prevent insider trading and to ensure that information is disseminated to the public in a fair and timely manner. In 2013, the agency beefed up its trading news regulations, adding guidelines on the use of social media and other online platforms for disseminating information.
The Growing Demand for Financial Content
DailyFX was founded in 2002 by three experienced traders and analysts, Kathy Lien, Boris Schlossberg, and John Kicklighter. In 2008, FXCM bought DailyFX for an undisclosed amount. The ownership of the platform changed again when IG Group, an online trading
provider operating in the industry since 1974, acquired DailyFX in 2016 for $40 million from FXCM.
Moreover, IG operates subsidiaries, such as online brokers IG and Tastytrade, prime broker IG
Prime, online financial network tastylive, securitized derivatives exchange
operator Spectrum Markets, and multi-asset service provider BrightPool.
The London-headquartered group's focus on financial content clearly became prominent with its acquisition of DailyFX and Tastytrade, which also provides extensive educational material about trading. Earlier, IG revealed that traders on its platforms increased their executions by 33 percent after interacting with IG content.
"Content plays an increasingly important role in our strategy, particularly in supporting client acquisition and retention. Our wide range and variety of content is designed to improve the knowledge of traders and investors, providing our clients with the tools to hone their skills and build the confidence needed to trade," the CEO of IG, June Felix, wrote about the H1 FY23 results of the group.
"Despite most coming to IG with considerable knowledge and experience already, our clients are voracious consumers of content, evidenced by more than 50 million unique views of IG video content across our brands during the half. Like our clients, we believe that you can always learn more about the markets to support responsible trading."
Arnab Shome contributed to this report.
The United States Securities and Exchange Commission (SEC) says DailyFX, an IG Group-owned trading news portal, is not allowed to solicit investments from investors. While the US is the site's top source of traffic according to Similarweb, IG Group clarified that it is designated to European and Asian traders.
The bottom strip of the SEC website shows the page was modified on March 7, 2023.
On March 7, the watchdog modified its list of Public Alerts: Unregistered Soliciting Entities, aka PAUSE, to include DailyFX. However, a Google search reveals that the addition of DailyFX to the page happened on February 8, 2023.
Source: Google search
The SEC PAUSE Programme lists
firms that try to gain investor confidence by falsely claiming to be
registered, licensed and or located in the United States. According to the SEC,
DailyFX operates from Chicago, Illinois, as an unregistered soliciting entity.
“The PAUSE Program also lists
entities that impersonate genuine U.S. registered securities firms as well as
fictitious regulators, governmental agencies, or international organizations,” the SEC wrote on the alert page.
DailyFX: "No Presence in the United States"
According to DailyFX's website, the platform, which is run by FX Publications (FXP) Inc., has no presence in the United States. Instead, the platform is run from offices in London, Tokyo, Singapore, Sydney, Krakow, and Johannesburg.
"[DailyFX] is no longer a registered Introducing Broker with the Commodity Futures Trading Commission and is no longer a Member of the National Futures Association (NFA) in the U.S. Any and all information provided by FXP is not intended for use by U.S. residents or individuals domiciled in the U.S. Information presented by FXP should be construed as market commentary, merely observing economical, political and market conditions," the website further states.
In June 2021, IG Group finalized its acquisition of tastytrade for $1 billion. tastytrade also owns a financial content network called tastylive, which is also a part of IG now.
Responding to the SEC's addition of DailyFX to the PAUSE Programme, IG Group noted that the company after acquiring Tastytrade redirected its "DailyFX resources to best serve clients in Europe and Asia." Alayna Francis, DailyFX's Global Head of Media Relations, told Finance Magnates that IG Group as a part of its post-acquisition US business model and strategy has been leading "with tasty's existing, robust content platform in the US."
Traffic data shows DailyFX's highest traffic came from the US in February. Source: Similarweb
Furthermore, an industry source told Finance Magnates that DailyFX does not undertake any regulated activity in the US and applied for de-registration with the NFA. The deregistration was finalized recently, the source said, noting that the inclusion in the PAUSE Programme confirms this.
Meanwhile, Finance Magnates approached the SEC for clarification on the inclusion of DailyFX to the PAUSE Programme but is yet to get a response as of press time. In the PAUSE alert, the US regulator did not state why an entity owned by IG Group, which is a registered online trading provider, was singled out despite giving up its NFA membership.
SEC's Actions against Trading News Providers
While most of the SEC's usual actions target platforms directly offering trading services, it is not a stranger to cracking down on trading news platforms. One of the prominent actions of the SEC in this area is its actions against Seeking Alpha, a leading community-led trading industry news platform where anyone can create an account and post content.
The SEC in 2013 charged Seeking Alpha for violating federal securities laws by allowing contributors to post articles containing false and misleading information about certain publicly traded companies. The regulator's allegations claimed that Seeking Alpha failed to ensure the information on its websites are accurate, allowing contributors to manipulate the stock markets.
Seeking Alpha had to pay a penalty of $75,000 to settle the charge. In addition, the regulator issued a cease-and-desist order against the news portal requiring it to take steps to prevent similar violations in the future. However, the content-generating models of Seeking Alpha and DailyFX are different.
While anyone can contribute on Seeking Alpha, DailyFX is a closed platform, and vetted contributors provide the news and analysis. Currently, DailyFX website lists nine names as the authors, whose role shuffles between Strategies and Analysts.
Although the commission's existing rules around trading news portals apply to DailyFX, most of these rules are designed to prevent insider trading and to ensure that information is disseminated to the public in a fair and timely manner. In 2013, the agency beefed up its trading news regulations, adding guidelines on the use of social media and other online platforms for disseminating information.
The Growing Demand for Financial Content
DailyFX was founded in 2002 by three experienced traders and analysts, Kathy Lien, Boris Schlossberg, and John Kicklighter. In 2008, FXCM bought DailyFX for an undisclosed amount. The ownership of the platform changed again when IG Group, an online trading
provider operating in the industry since 1974, acquired DailyFX in 2016 for $40 million from FXCM.
Moreover, IG operates subsidiaries, such as online brokers IG and Tastytrade, prime broker IG
Prime, online financial network tastylive, securitized derivatives exchange
operator Spectrum Markets, and multi-asset service provider BrightPool.
The London-headquartered group's focus on financial content clearly became prominent with its acquisition of DailyFX and Tastytrade, which also provides extensive educational material about trading. Earlier, IG revealed that traders on its platforms increased their executions by 33 percent after interacting with IG content.
"Content plays an increasingly important role in our strategy, particularly in supporting client acquisition and retention. Our wide range and variety of content is designed to improve the knowledge of traders and investors, providing our clients with the tools to hone their skills and build the confidence needed to trade," the CEO of IG, June Felix, wrote about the H1 FY23 results of the group.
"Despite most coming to IG with considerable knowledge and experience already, our clients are voracious consumers of content, evidenced by more than 50 million unique views of IG video content across our brands during the half. Like our clients, we believe that you can always learn more about the markets to support responsible trading."
Solomon Oladipupo is a journalist and editor from Nigeria that covers the tech, FX, fintech and cryptocurrency industries. He is a former assistant editor at AgroNigeria Magazine where he covered the agribusiness industry. Solomon holds a first-class degree in Journalism & Mass Communication from the University of Lagos where he graduated top of his class.
Weekly Recap: FXCM, Tradu to Slash 100+ Jobs; 1/3 of eToro Trades Now in 24/5 Extended Market Hours
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
