Also, this week, eToro launched its services in Singapore after securing a MAS license.
Meanwhile, Saxo Bank was fined €1M in France for alleged violations tied to the BinckBank deal.
Trump signed the GENIUS Act into law, setting the stage for federal regulation of stablecoins.
Exness halts new registrations in India
We begin this week’s recap with a significant development from
Exness. The retail broker stopped accepting new client registrations in India. The change, implemented quietly and without an official
statement, restricts account signups for users accessing the platform from
Indian IP addresses.
Exness' registration page in India
While Exness has halted new client registrations in India,
it continues to serve existing account holders. The brokerage firm primarily
operates through affiliates and introducing brokers in the region. Some
industry watchers now speculate it could resume onboarding under a different
brand name.
The CFD broker has formally requested license withdrawal
from the Malta Financial Services Authority (MFSA) and confirmed it will cease
all activities under its Maltese authorization.
The broker has begun notifying clients of its decision to wind down operations, urging them to close their positions within a month. Any remaining open positions will be automatically closed at the end of the second week following that deadline.
Retail brokers like Axi, CFI, and Taurex are expanding into
the institutional space, focusing on liquidity and prime services. Prime-of-prime liquidity is a common entry point.
Industry experts believe that expanding into the institutional space is a natural progression for some retail brokers. As these firms
grow and gain experience, they seek more stable revenue streams. Institutional
clients bring larger capital bases and consistent trading volumes.
Meanwhile, CMOs at online trading firms are exiting their roles at an
accelerating pace. New data from FYI reveals that median tenure has fallen to just 17.5 months, the lowest level in over a decade.
Prediction markets, data rules, and shifting UK retail rules
Meanwhile, forecast contracts have gained traction among savvy traders, drawing interest from both newcomers and established platforms.
As previously reported, Webull partnered with Kalshi in February and recently
expanded into crypto-based prediction markets.
Robinhood followed with the launch of its prediction hub
in March after an earlier misstep. Meanwhile, Interactive Brokers has extended
trading hours for these contracts, and even Charles Schwab has signaled
interest, though it has no immediate plans to enter the space.
eToro enters Singapore
eToro launched its services in Singapore after
securing a Capital Markets Services licence from the Monetary Authority of
Singapore. The move marks a key milestone in the broker’s
Southeast Asian expansion, which had been widely expected.
Users in the region can now access eToro’s platform
locally and trade a range of assets, including stocks from over 20 global
exchanges, exchange-traded funds, and derivatives.
Saxo Bank fined €1M in France
In the regulatory front, France’s financial watchdog imposed a €1 million fine on Saxo Bank A/S for multiple alleged breaches of
conduct rules following its merger with BinckBank NV.
The Autorité des Marchés Financiers (AMF) cited
serious shortcomings during a 2020 system migration that impacted over 55,000
clients. Earlier this year, the Dutch
Authority for the Financial Markets also fined Saxo Bank €1.6 million.
How safe are deposits held with trading firms?
The recent security breach at XTB, which allegedly led to a
Polish client losing around 150,000 zlotys ($38,000), has sparked a debate over whether today's optional security features are adequate for CFD
brokers and retail trading platforms.
Hackers reportedly executed thousands of rapid trades to
deplete the client's account, raising concerns about the resilience of current
cybersecurity protocols. In the wake of the incident, experts are urging a
complete rethink of how financial firms safeguard client assets in an
increasingly digital landscape.
GENIUS Act signed into law
Good news for crypto! Donald Trump signed the GENIUS Act — the Guiding and Establishing National Innovation for U.S. Stablecoins Act—into law on Friday after it passed the House of Representatives. This marks a major milestone for crypto regulation in the United
States.
With stablecoin regulations taking shape, big banks are making increasingly visible moves toward a
blockchain-powered financial system. Citi CEO Jane Fraser recently disclosed
that the bank is “looking at the issuance of a Citi stablecoin.” She also noted
that the firm is exploring tokenized deposits and crypto custody services as
part of its broader digital asset strategy.
According to the post on r/ChatGPT, the user claims to have
doubled their investment portfolio in just a few days by following trading
ideas generated by OpenAI’s chatbot. None of this is confirmed. There’s no
evidence these trades occurred.
Although ChatGPT can summarize market headlines, explain
technical indicators like RSI or MACD, and even help code simple backtests, it
is not a financial advisor.
ForexLive rebrands to investingLive
Lastly, investingLive will launch on July 21, 2025, as the
new identity of the well-known ForexLive platform, expanding its focus beyond
forex to include stocks, commodities, crypto, futures, and decision-support
tools.
As part of its transition to investingLive, the platform is
rolling out new features aimed at helping users make more informed and
confident trading and investing decisions.
Exness halts new registrations in India
We begin this week’s recap with a significant development from
Exness. The retail broker stopped accepting new client registrations in India. The change, implemented quietly and without an official
statement, restricts account signups for users accessing the platform from
Indian IP addresses.
Exness' registration page in India
While Exness has halted new client registrations in India,
it continues to serve existing account holders. The brokerage firm primarily
operates through affiliates and introducing brokers in the region. Some
industry watchers now speculate it could resume onboarding under a different
brand name.
The CFD broker has formally requested license withdrawal
from the Malta Financial Services Authority (MFSA) and confirmed it will cease
all activities under its Maltese authorization.
The broker has begun notifying clients of its decision to wind down operations, urging them to close their positions within a month. Any remaining open positions will be automatically closed at the end of the second week following that deadline.
Retail brokers like Axi, CFI, and Taurex are expanding into
the institutional space, focusing on liquidity and prime services. Prime-of-prime liquidity is a common entry point.
Industry experts believe that expanding into the institutional space is a natural progression for some retail brokers. As these firms
grow and gain experience, they seek more stable revenue streams. Institutional
clients bring larger capital bases and consistent trading volumes.
Meanwhile, CMOs at online trading firms are exiting their roles at an
accelerating pace. New data from FYI reveals that median tenure has fallen to just 17.5 months, the lowest level in over a decade.
Prediction markets, data rules, and shifting UK retail rules
Meanwhile, forecast contracts have gained traction among savvy traders, drawing interest from both newcomers and established platforms.
As previously reported, Webull partnered with Kalshi in February and recently
expanded into crypto-based prediction markets.
Robinhood followed with the launch of its prediction hub
in March after an earlier misstep. Meanwhile, Interactive Brokers has extended
trading hours for these contracts, and even Charles Schwab has signaled
interest, though it has no immediate plans to enter the space.
eToro enters Singapore
eToro launched its services in Singapore after
securing a Capital Markets Services licence from the Monetary Authority of
Singapore. The move marks a key milestone in the broker’s
Southeast Asian expansion, which had been widely expected.
Users in the region can now access eToro’s platform
locally and trade a range of assets, including stocks from over 20 global
exchanges, exchange-traded funds, and derivatives.
Saxo Bank fined €1M in France
In the regulatory front, France’s financial watchdog imposed a €1 million fine on Saxo Bank A/S for multiple alleged breaches of
conduct rules following its merger with BinckBank NV.
The Autorité des Marchés Financiers (AMF) cited
serious shortcomings during a 2020 system migration that impacted over 55,000
clients. Earlier this year, the Dutch
Authority for the Financial Markets also fined Saxo Bank €1.6 million.
How safe are deposits held with trading firms?
The recent security breach at XTB, which allegedly led to a
Polish client losing around 150,000 zlotys ($38,000), has sparked a debate over whether today's optional security features are adequate for CFD
brokers and retail trading platforms.
Hackers reportedly executed thousands of rapid trades to
deplete the client's account, raising concerns about the resilience of current
cybersecurity protocols. In the wake of the incident, experts are urging a
complete rethink of how financial firms safeguard client assets in an
increasingly digital landscape.
GENIUS Act signed into law
Good news for crypto! Donald Trump signed the GENIUS Act — the Guiding and Establishing National Innovation for U.S. Stablecoins Act—into law on Friday after it passed the House of Representatives. This marks a major milestone for crypto regulation in the United
States.
With stablecoin regulations taking shape, big banks are making increasingly visible moves toward a
blockchain-powered financial system. Citi CEO Jane Fraser recently disclosed
that the bank is “looking at the issuance of a Citi stablecoin.” She also noted
that the firm is exploring tokenized deposits and crypto custody services as
part of its broader digital asset strategy.
According to the post on r/ChatGPT, the user claims to have
doubled their investment portfolio in just a few days by following trading
ideas generated by OpenAI’s chatbot. None of this is confirmed. There’s no
evidence these trades occurred.
Although ChatGPT can summarize market headlines, explain
technical indicators like RSI or MACD, and even help code simple backtests, it
is not a financial advisor.
ForexLive rebrands to investingLive
Lastly, investingLive will launch on July 21, 2025, as the
new identity of the well-known ForexLive platform, expanding its focus beyond
forex to include stocks, commodities, crypto, futures, and decision-support
tools.
As part of its transition to investingLive, the platform is
rolling out new features aimed at helping users make more informed and
confident trading and investing decisions.
ING Bank Securities in Poland Plans Investment Retirement Account Push to Challenge XTB Dominance
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
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
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
