In other news, the UAE outshone Germany and Hong Kong as the top tech destination. Revolut reportedly plans to launch a stablecoin, while MetaTrader 5 now supports more than 40 payment options.
French FX/CFD trader numbers fall below 30,000, the lowest in four years.
Only 7% of 300,000 Prop Trading Accounts Achieved Payouts
Our news summary begins with the exclusive story we covered this week, highlighting the elusive success in proprietary trading. According to FPFX Tech's data, only 7% of investors manage to turn a profit. Among those who do succeed, the average earnings are modest: just 4% of their allocated capital.
Prop trading is dominated by men, who make up 78% of all trader-funded firms clients. This type of investment is most popular among Gen Z and Millennials, who together account for over 60% of all clients. The data comes from FPFX Tech, a fintech that specializes in providing technology solutions for prop trading firms, offering software-as-a-service (SaaS) solutions.
NAGA Brings CFDs to Telegram
NAGA Group, which recently merged with CAPEX.com, launched the “NAGA Everything Trading” app. The app allows retail traders to access trading directly from Telegram’s App Center. It also enables NAGA users to onboard, complete know-your-customer procedures, deposit funds, and trade financial instruments without leaving the Telegram app. According to NAGA, this feature will also assist in its global expansion.
NAGA pointed out that direct access to its platform from Telegram is “a gateway to a massive, previously untapped audience.” Furthermore, it will allow traders on Telegram to access both web and mobile versions of the NAGA app. The trading platform has further plans to introduce more features to the new Telegram-based initiative, including the addition of Social Trading with AutoCopy in upcoming monthly updates. However, Telegram also remains one of the hotbed for financial scams.
Scam victims on social media who lost funds; Source: A Joint survey by Finance Magnates and FXStreet
Finalto’s UK Units’ Combined Profit Doubled in 2023
And in financial results, two UK-registered entities of the Finalto Group, Finalto Trading Limited (previously Tradetech Alpha Limited) and Finalto Financial Services Limited (formerly CFH Clearing Limited), ended 2023 with a combined turnover of more than $74.1 million, a decline of about 7.9 percent. However, combined profits soared to $13 million from 2022’s $6 million, a year-on-year jump of 116 percent.
The annual revenue of Finalto Financial Services jumped to $61.5 million from the previous year’s $44.5 million, while Finalto Trading’s revenue dropped to $13.2 million from almost $36 million. The decline in Finalto Trading’s revenue was due to the migration of clients to its sister entity, Finalto Financial Services.
Hantec Markets' UK Unit Reported Losses in 2023
The UK unit of Hantec Markets ended 2023 with an annual turnover of over £6.8 million, an increase of almost 24 percent from the previous year. However, the company turned an operating loss of £47,437 compared to a profit of £36,058 in 2022.
According to the filing with Companies House, the forex and CFD operator detailed that the operating loss was caused by additional IT expenditure incurred towards the end of the year due to the introduction of a new technology strategy.
ThinkMarkets UK’s 2023 Profit Dived 71%
The British entity that operates ThinkMarkets, a forex, and contracts for differences (CFDs) broker, ended 2023 with an annual turnover of over £2.4 million. This represented a 14.2 percent decline from the previous year’s £2.8 million. The profits of the unit also dropped substantially, as the net figure sank by 71 percent to £82,925.
According to the latest Companies House filing by TF Global Markets (UK) Limited, which is regulated by the UK’s Financial Conduct Authority, the company reported that its pre-tax profits halved to £151,668 from 2022’s £300,025.
Income statement of TF Global Markets (UK) Limited
Labuan Regulator Limits FX and CFDs Brokers' Offerings Only to Currency Instruments
The Labuan Financial Services Authority (LFSA) is restricting locally regulated forex and contracts for differences (CFDs) brokers to offering only currency-related instruments, such as spot FX and CFDs on FX. This means these brokers will no longer be able to offer non-currency-related instruments like CFDs on shares, ETFs, and commodities.
The changes come as the regulator, which oversees financial services companies in Malaysia, tightens the licensing rules for all locally regulated money brokers, the default authorization for FX and CFD brokers. Under the newly announced rules last week, the paid-up capital for all locally authorized money brokers will be doubled to MYR 1.5 million (about $349,000).
French FX/CFD Trader Numbers Fall Below 30,000, Lowest in 4 Years
Two new reports released by Investment Trends show resilience in the French online trading and listed derivatives markets despite recent declines in active trader numbers. The studies reveal evolving investor profiles and highlight opportunities for brokers in a changing landscape.
In the leveraged trading space, the 13th edition of the France Leverage Trading Report reveals that French CFD and FX trader numbers remain resilient compared to other markets studied. While overall trader numbers have declined, testing four-year lows, they remain above pre-pandemic levels, retaining half of the growth achieved during that period.
Source: Investment Trends
MetaTrader 5 Now Supports over 40 Payment Options for Global Traders
MetaTrader 5 now supports more than 40 new payment methods customized to different regions. With new methods ranging from popular digital wallets to local banking systems, MetaTrader 5 is targeting global traders with different transaction options across various markets.
According to an update on its website, MetaTrader 5 features new payment options covering a wide range of regions. These methods complement traditional payment channels like bank cards and wire transfers.
UAE Outshines Germany and Hong Kong as Top Tech Destination, Survey Shows
The UAE is quickly growing into a global technology hub, capturing the attention of Asian tech professionals. A recent survey by Capital.com reveals that 81% of Asian tech experts view the Middle Eastern country as an increasingly important tech destination. With nearly half expressing a willingness to relocate there, the UAE surpasses traditional favorites like Germany and Hong Kong in appeal.
The survey, conducted across Singapore, Hong Kong, Vietnam, and India, highlights the UAE's attractive status in the tech industry. This emerging reputation is driving a noticeable shift in tech talent preferences. The UAE's supportive government policies and favorable business environment are key factors contributing to its growing appeal. 76% of respondents believe the UAE offers a conducive environment for tech development.
“Go Beyond Traditional Risk Management”: Brokers Must Adapt amid Hezbollah's Pager Blast
In one of the trending topics globally, “Brokers' operational systems must go beyond traditional risk management,” CFI Financial’s Global Head of Education and Research, George Khoury, told Finance Magnates amid the recent pager and walkie-talkie blasts in Lebanon that have created a new wave of tensions in the Middle East. He highlighted that “escalating geopolitical tensions contribute to uncertainty in financial markets, particularly in the forex and commodities markets.”
George Khoury, CFI Financial’s Global Head of Education and Research; Source: LinkedIn
The Middle East is one of the fastest-growing regions for retail trading activities. The potential interest among Middle Eastern traders has led brokers to establish a presence in the region, mostly in Dubai. However, many brokers also maintain extensive operations in tense countries.
Axi Enlists John Stones as Brand Ambassador Alongside Manchester City Renewal
Online trading broker Axi expanded its partnership portfolio by announcing John Stones as its latest Brand Ambassador. This follows earlier sponsorship announcements made in 2023. John Stones is a prominent defender for the England national team and has played for Manchester City since 2016.
He has made over 200 appearances for the club and secured 13 trophies, including the Treble in the 2022/23 season. Stones is recognized as one of the top defenders in football. He has successfully transitioned from a center-back position to a midfield role.
Robinhood Nets Jersey Sponsorship Deal with NBA Memphis Grizzlies
Still, in the sporting arena, Robinhood will sponsor the American basketball team Memphis Grizzlies as the official jersey patch partner. This partnership, set to begin in the 2024–25 NBA season, will place the fintech giant’s logo on the Grizzlies’ uniforms. According to the club, this multi-year deal features Robinhood across the Grizzlies' ecosystem, from baseline court ads to social media and during broadcasts.
Commenting about the sponsorship deal, Ted Roberts, Grizzlies’ Vice President of Partnership Marketing, said: “Today, we're excited to announce that Robinhood Markets, a progressive leader in financial services, will be the official investing and jersey entitlement partner of the Memphis Grizzlies. Never settling and challenging the status quo are characteristics of our organization and fans, and in Robinhood, we have found a perfect match.”
Bitget Becomes Sponsor of Football League Featuring Lewandowski, Mbappé, and Vinícius Jr
Additionally, cryptocurrency exchange Bitget inked a new partnership with Spain's top-tier football league, LALIGA, becoming its official crypto partner for Eastern, Southeast Asian, and Latin American regions. The collaboration unveiled at the Token2049 event in Singapore, marks Bitget's move into the sports sector across emerging markets.
The multi-million dollar agreement grants Bitget extensive exposure to LALIGA's massive global fanbase, while the football organization stands to benefit from comprehensive Web3 solutions. This partnership aligns with Bitget's “Make It Count” philosophy, which emphasizes achieving greatness through perseverance and positive passion.
Revolut Expands Crypto Offerings with Planned Stablecoin Launch
Keeping tabs on crypto, the fintech giant Revolut is planning to launch its own stablecoin, according to sources familiar with the matter. With plans to strengthen its crypto-asset offerings, the London-based firm aims to join PayPal, Ripple, and BitGo in the highly profitable stablecoin market.
Insiders suggest the firm is positioning itself as a key player in the space, promising both compliance and security for crypto users. Revolut's ambition to introduce a stablecoin comes as the sector experiences an influx of new participants. Dominated by Tether's USDT, which has a market cap of approximately $119 billion, the stablecoin space is increasingly attracting fintech and blockchain firms.
Ex-CEO of Admirals Launches DEX White Label Solution on Solana
In another of our exclusive stories, Victor Gherbovet, who previously collaborated with the FX/CFD broker Admirals for over a decade, launched his own software-as-a-service (SaaS) technology company, FirstByt. Now, as Finance Magnates exclusively learned, the company is introducing a white-label solution for firms looking to launch their own decentralized cryptocurrency exchange (DEX) within a few days.
FirstByt unveiled its first products in April this year, though the company had been in development for the past few years. Now, as Finance Magnates has learned, the company is introducing one of the first DEX white-label solutions on the market, dubbed DexTrader.PRO starting with the Solana blockchain.
🚀 The future of finance is decentralized! 🚀
We are on the cusp of a new era of innovation. The future is decentralized, and it’s being built today! If you haven't already, now is the time to start investing in products and services that drive blockchain adoption.
Dow Closes Above 42,000 Following Fed's Interest Rate Cut
Discover how the Dow Jones Industrial Average broke the 42,000 barrier in response to the Federal Reserve's aggressive interest rate cut. The Dow Jones Industrial Average achieved a historic milestone, closing above 42,000 for the first time.
This landmark event was catalyzed by the Federal Reserve's recent half-point interest rate cut, which has not only bolstered market confidence but has also reinvigorated the economic landscape, making it a pivotal moment for investors and policymakers alike.
Your Paycheck vs. Inflation
Lastly, despite the hype around wage growth, the truth is that salaries are barely keeping up with inflation. In July 2024, wages in the US rose by about 4.4%, according to the Wage to Inflation Index by Bankrate. Sounds decent, right? Not so fast. Inflation during the same period clocked in at 4.7%. So, while your paycheck might have grown a bit, it’s still not enough to cover the rising cost of living.
Inflation has left many Americans tightening their wallets. Could a credit card that offers cash back and other rewards be a solution to offset higher prices? Here are a few tips: https://t.co/YFg5QMqjqc
Interestingly, while the labor market remains tight, it’s not enough to give workers the leverage they need for better wages. Companies are more cautious, holding off on salary hikes as they brace for potential economic slowdowns. So, you’re left with wage growth that looks good on paper but does little to help you in real life.
Until next week!
Only 7% of 300,000 Prop Trading Accounts Achieved Payouts
Our news summary begins with the exclusive story we covered this week, highlighting the elusive success in proprietary trading. According to FPFX Tech's data, only 7% of investors manage to turn a profit. Among those who do succeed, the average earnings are modest: just 4% of their allocated capital.
Prop trading is dominated by men, who make up 78% of all trader-funded firms clients. This type of investment is most popular among Gen Z and Millennials, who together account for over 60% of all clients. The data comes from FPFX Tech, a fintech that specializes in providing technology solutions for prop trading firms, offering software-as-a-service (SaaS) solutions.
NAGA Brings CFDs to Telegram
NAGA Group, which recently merged with CAPEX.com, launched the “NAGA Everything Trading” app. The app allows retail traders to access trading directly from Telegram’s App Center. It also enables NAGA users to onboard, complete know-your-customer procedures, deposit funds, and trade financial instruments without leaving the Telegram app. According to NAGA, this feature will also assist in its global expansion.
NAGA pointed out that direct access to its platform from Telegram is “a gateway to a massive, previously untapped audience.” Furthermore, it will allow traders on Telegram to access both web and mobile versions of the NAGA app. The trading platform has further plans to introduce more features to the new Telegram-based initiative, including the addition of Social Trading with AutoCopy in upcoming monthly updates. However, Telegram also remains one of the hotbed for financial scams.
Scam victims on social media who lost funds; Source: A Joint survey by Finance Magnates and FXStreet
Finalto’s UK Units’ Combined Profit Doubled in 2023
And in financial results, two UK-registered entities of the Finalto Group, Finalto Trading Limited (previously Tradetech Alpha Limited) and Finalto Financial Services Limited (formerly CFH Clearing Limited), ended 2023 with a combined turnover of more than $74.1 million, a decline of about 7.9 percent. However, combined profits soared to $13 million from 2022’s $6 million, a year-on-year jump of 116 percent.
The annual revenue of Finalto Financial Services jumped to $61.5 million from the previous year’s $44.5 million, while Finalto Trading’s revenue dropped to $13.2 million from almost $36 million. The decline in Finalto Trading’s revenue was due to the migration of clients to its sister entity, Finalto Financial Services.
Hantec Markets' UK Unit Reported Losses in 2023
The UK unit of Hantec Markets ended 2023 with an annual turnover of over £6.8 million, an increase of almost 24 percent from the previous year. However, the company turned an operating loss of £47,437 compared to a profit of £36,058 in 2022.
According to the filing with Companies House, the forex and CFD operator detailed that the operating loss was caused by additional IT expenditure incurred towards the end of the year due to the introduction of a new technology strategy.
ThinkMarkets UK’s 2023 Profit Dived 71%
The British entity that operates ThinkMarkets, a forex, and contracts for differences (CFDs) broker, ended 2023 with an annual turnover of over £2.4 million. This represented a 14.2 percent decline from the previous year’s £2.8 million. The profits of the unit also dropped substantially, as the net figure sank by 71 percent to £82,925.
According to the latest Companies House filing by TF Global Markets (UK) Limited, which is regulated by the UK’s Financial Conduct Authority, the company reported that its pre-tax profits halved to £151,668 from 2022’s £300,025.
Income statement of TF Global Markets (UK) Limited
Labuan Regulator Limits FX and CFDs Brokers' Offerings Only to Currency Instruments
The Labuan Financial Services Authority (LFSA) is restricting locally regulated forex and contracts for differences (CFDs) brokers to offering only currency-related instruments, such as spot FX and CFDs on FX. This means these brokers will no longer be able to offer non-currency-related instruments like CFDs on shares, ETFs, and commodities.
The changes come as the regulator, which oversees financial services companies in Malaysia, tightens the licensing rules for all locally regulated money brokers, the default authorization for FX and CFD brokers. Under the newly announced rules last week, the paid-up capital for all locally authorized money brokers will be doubled to MYR 1.5 million (about $349,000).
French FX/CFD Trader Numbers Fall Below 30,000, Lowest in 4 Years
Two new reports released by Investment Trends show resilience in the French online trading and listed derivatives markets despite recent declines in active trader numbers. The studies reveal evolving investor profiles and highlight opportunities for brokers in a changing landscape.
In the leveraged trading space, the 13th edition of the France Leverage Trading Report reveals that French CFD and FX trader numbers remain resilient compared to other markets studied. While overall trader numbers have declined, testing four-year lows, they remain above pre-pandemic levels, retaining half of the growth achieved during that period.
Source: Investment Trends
MetaTrader 5 Now Supports over 40 Payment Options for Global Traders
MetaTrader 5 now supports more than 40 new payment methods customized to different regions. With new methods ranging from popular digital wallets to local banking systems, MetaTrader 5 is targeting global traders with different transaction options across various markets.
According to an update on its website, MetaTrader 5 features new payment options covering a wide range of regions. These methods complement traditional payment channels like bank cards and wire transfers.
UAE Outshines Germany and Hong Kong as Top Tech Destination, Survey Shows
The UAE is quickly growing into a global technology hub, capturing the attention of Asian tech professionals. A recent survey by Capital.com reveals that 81% of Asian tech experts view the Middle Eastern country as an increasingly important tech destination. With nearly half expressing a willingness to relocate there, the UAE surpasses traditional favorites like Germany and Hong Kong in appeal.
The survey, conducted across Singapore, Hong Kong, Vietnam, and India, highlights the UAE's attractive status in the tech industry. This emerging reputation is driving a noticeable shift in tech talent preferences. The UAE's supportive government policies and favorable business environment are key factors contributing to its growing appeal. 76% of respondents believe the UAE offers a conducive environment for tech development.
“Go Beyond Traditional Risk Management”: Brokers Must Adapt amid Hezbollah's Pager Blast
In one of the trending topics globally, “Brokers' operational systems must go beyond traditional risk management,” CFI Financial’s Global Head of Education and Research, George Khoury, told Finance Magnates amid the recent pager and walkie-talkie blasts in Lebanon that have created a new wave of tensions in the Middle East. He highlighted that “escalating geopolitical tensions contribute to uncertainty in financial markets, particularly in the forex and commodities markets.”
George Khoury, CFI Financial’s Global Head of Education and Research; Source: LinkedIn
The Middle East is one of the fastest-growing regions for retail trading activities. The potential interest among Middle Eastern traders has led brokers to establish a presence in the region, mostly in Dubai. However, many brokers also maintain extensive operations in tense countries.
Axi Enlists John Stones as Brand Ambassador Alongside Manchester City Renewal
Online trading broker Axi expanded its partnership portfolio by announcing John Stones as its latest Brand Ambassador. This follows earlier sponsorship announcements made in 2023. John Stones is a prominent defender for the England national team and has played for Manchester City since 2016.
He has made over 200 appearances for the club and secured 13 trophies, including the Treble in the 2022/23 season. Stones is recognized as one of the top defenders in football. He has successfully transitioned from a center-back position to a midfield role.
Robinhood Nets Jersey Sponsorship Deal with NBA Memphis Grizzlies
Still, in the sporting arena, Robinhood will sponsor the American basketball team Memphis Grizzlies as the official jersey patch partner. This partnership, set to begin in the 2024–25 NBA season, will place the fintech giant’s logo on the Grizzlies’ uniforms. According to the club, this multi-year deal features Robinhood across the Grizzlies' ecosystem, from baseline court ads to social media and during broadcasts.
Commenting about the sponsorship deal, Ted Roberts, Grizzlies’ Vice President of Partnership Marketing, said: “Today, we're excited to announce that Robinhood Markets, a progressive leader in financial services, will be the official investing and jersey entitlement partner of the Memphis Grizzlies. Never settling and challenging the status quo are characteristics of our organization and fans, and in Robinhood, we have found a perfect match.”
Bitget Becomes Sponsor of Football League Featuring Lewandowski, Mbappé, and Vinícius Jr
Additionally, cryptocurrency exchange Bitget inked a new partnership with Spain's top-tier football league, LALIGA, becoming its official crypto partner for Eastern, Southeast Asian, and Latin American regions. The collaboration unveiled at the Token2049 event in Singapore, marks Bitget's move into the sports sector across emerging markets.
The multi-million dollar agreement grants Bitget extensive exposure to LALIGA's massive global fanbase, while the football organization stands to benefit from comprehensive Web3 solutions. This partnership aligns with Bitget's “Make It Count” philosophy, which emphasizes achieving greatness through perseverance and positive passion.
Revolut Expands Crypto Offerings with Planned Stablecoin Launch
Keeping tabs on crypto, the fintech giant Revolut is planning to launch its own stablecoin, according to sources familiar with the matter. With plans to strengthen its crypto-asset offerings, the London-based firm aims to join PayPal, Ripple, and BitGo in the highly profitable stablecoin market.
Insiders suggest the firm is positioning itself as a key player in the space, promising both compliance and security for crypto users. Revolut's ambition to introduce a stablecoin comes as the sector experiences an influx of new participants. Dominated by Tether's USDT, which has a market cap of approximately $119 billion, the stablecoin space is increasingly attracting fintech and blockchain firms.
Ex-CEO of Admirals Launches DEX White Label Solution on Solana
In another of our exclusive stories, Victor Gherbovet, who previously collaborated with the FX/CFD broker Admirals for over a decade, launched his own software-as-a-service (SaaS) technology company, FirstByt. Now, as Finance Magnates exclusively learned, the company is introducing a white-label solution for firms looking to launch their own decentralized cryptocurrency exchange (DEX) within a few days.
FirstByt unveiled its first products in April this year, though the company had been in development for the past few years. Now, as Finance Magnates has learned, the company is introducing one of the first DEX white-label solutions on the market, dubbed DexTrader.PRO starting with the Solana blockchain.
🚀 The future of finance is decentralized! 🚀
We are on the cusp of a new era of innovation. The future is decentralized, and it’s being built today! If you haven't already, now is the time to start investing in products and services that drive blockchain adoption.
Dow Closes Above 42,000 Following Fed's Interest Rate Cut
Discover how the Dow Jones Industrial Average broke the 42,000 barrier in response to the Federal Reserve's aggressive interest rate cut. The Dow Jones Industrial Average achieved a historic milestone, closing above 42,000 for the first time.
This landmark event was catalyzed by the Federal Reserve's recent half-point interest rate cut, which has not only bolstered market confidence but has also reinvigorated the economic landscape, making it a pivotal moment for investors and policymakers alike.
Your Paycheck vs. Inflation
Lastly, despite the hype around wage growth, the truth is that salaries are barely keeping up with inflation. In July 2024, wages in the US rose by about 4.4%, according to the Wage to Inflation Index by Bankrate. Sounds decent, right? Not so fast. Inflation during the same period clocked in at 4.7%. So, while your paycheck might have grown a bit, it’s still not enough to cover the rising cost of living.
Inflation has left many Americans tightening their wallets. Could a credit card that offers cash back and other rewards be a solution to offset higher prices? Here are a few tips: https://t.co/YFg5QMqjqc
Interestingly, while the labor market remains tight, it’s not enough to give workers the leverage they need for better wages. Companies are more cautious, holding off on salary hikes as they brace for potential economic slowdowns. So, you’re left with wage growth that looks good on paper but does little to help you in real life.
73% of Young Investors Say Traditional Wealth Building Is Broken – Here’s How They Trade Instead
Featured Videos
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
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 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.
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.
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
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
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 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 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.
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.
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
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
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
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
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
