Also this week, eToro published its first quarterly financial results as a public company, reporting an 8% increase in net contribution year-over-year.
In the crypto space, Binance launched operations in Syria.
Capital Group is Plus500's third-largest shareholder, behind BlackRock and JP Morgan, which held 6.7 percent and 5.5 percent of the company’s voting rights, respectively, by the end of March 2025.
Another major shareholder in the broker is The Vanguard Group, which controls 5.41 per cent of Plus500 shares.
Notably, in recent months, the long-awaited IPO of Israeli company eToro, set to debut on Wall Street, was also delayed. According to iFOREX, the process is nearly finished, and the firm anticipates finalizing the inspection soon, clearing the way for the IPO.
The fintech giant posted an 8% increase in net contribution
year-over-year, reaching $217 million, up from $201 million in the same period
last year. This growth was boosted by heightened trading volumes across its
platform.
Eightcap secured Dubai license
Elsewhere, Melbourne-based Eightcap, a forex and contracts for differences (CFDs) broker, secured Dubai's regulatory licence that allows it to offer financial consultation and operate as an introducing broker.
Details of Eightcap's license on SCA's registry
Several other retail brokers, including EC Markets and Taurex, have recently received a Category 5 licence from the Dubai-based regulators.
Scope Prime launches partnership program
Also, this week, Scope Prime, a liquidity brand under the Rostro Group, launched a Partnership Programme targeting retail-facing brokers with local distribution networks.
ZXCM provides institutional brokerage services and trading infrastructure. Under the partnership, Scope Prime will offer ZXCM both liquidity and support for client onboarding.
At the same time, the UK’s Insolvency Service also made an executive change, bringing its first dedicated crypto intelligence specialist in response to a sharp rise in bankruptcy and criminal cases involving digital assets such as Bitcoin and Ethereum.
CySEC withdraws Itrade Global's licence
In matters of regulations, the Cyprus Securities and Exchange Commission (CySEC) withdrew Itrade Global's operational licence. The company operated two forex and contracts for differences (CFDs) broker brands, TradedWell and InvestFW.
The licence withdrawal followed “the company’s decision to expressly renounce it,” the regulator clarified in its notice. In 2023, it was fined €1 million for multiple violations connected to a tied agent in Spain.
UK banks get the green light to test AI
In the UK, the Financial Conduct Authority partnered with the chip-maker Nvidia to establish a testing environment where financial institutions can safely trial artificial intelligence applications.
Although several tech companies connected to the AI industry, such as Arm Holdings, Imagination Technologies, and Graphcore, are based locally, the FCA ultimately chose to partner with a U.S.-based firm.
Jessica Rusu, Chief Data, Information and Intelligence Officer, Source: FCA
“This collaboration will help those that want to test AI ideas but who lack the capabilities to do so,” said Jessica Rusu, the FCA's chief data, intelligence and information officer.
“We'll help firms harness AI to benefit our markets and consumers, while supporting economic growth.” She mentioned the plans to start the program already in April.
More than a third, 36.6% of respondents, are already using AI tools to assist with trading, and an additional 28% plan to adopt such tools soon.
And even as AI booms, experts are warning of a possible negative impact on the job market.
Klarna CEO Sebastian Siemiatkowski warned that AI will kill jobs and trigger a recession, right before talking to customers on an AI hotline.
Binance launched operations in Syria
Lastly, in the crypto space, Binance launched operations in Syria, following the easing of sanctions by the United States and the European Union.
Previously, Binance restricted access in Syria. The company said the recent policy changes now allow Syrian users to register and trade. This move made Binance one of the first major crypto platforms to enter the Syrian market.
Capital Group is Plus500's third-largest shareholder, behind BlackRock and JP Morgan, which held 6.7 percent and 5.5 percent of the company’s voting rights, respectively, by the end of March 2025.
Another major shareholder in the broker is The Vanguard Group, which controls 5.41 per cent of Plus500 shares.
Notably, in recent months, the long-awaited IPO of Israeli company eToro, set to debut on Wall Street, was also delayed. According to iFOREX, the process is nearly finished, and the firm anticipates finalizing the inspection soon, clearing the way for the IPO.
The fintech giant posted an 8% increase in net contribution
year-over-year, reaching $217 million, up from $201 million in the same period
last year. This growth was boosted by heightened trading volumes across its
platform.
Eightcap secured Dubai license
Elsewhere, Melbourne-based Eightcap, a forex and contracts for differences (CFDs) broker, secured Dubai's regulatory licence that allows it to offer financial consultation and operate as an introducing broker.
Details of Eightcap's license on SCA's registry
Several other retail brokers, including EC Markets and Taurex, have recently received a Category 5 licence from the Dubai-based regulators.
Scope Prime launches partnership program
Also, this week, Scope Prime, a liquidity brand under the Rostro Group, launched a Partnership Programme targeting retail-facing brokers with local distribution networks.
ZXCM provides institutional brokerage services and trading infrastructure. Under the partnership, Scope Prime will offer ZXCM both liquidity and support for client onboarding.
At the same time, the UK’s Insolvency Service also made an executive change, bringing its first dedicated crypto intelligence specialist in response to a sharp rise in bankruptcy and criminal cases involving digital assets such as Bitcoin and Ethereum.
CySEC withdraws Itrade Global's licence
In matters of regulations, the Cyprus Securities and Exchange Commission (CySEC) withdrew Itrade Global's operational licence. The company operated two forex and contracts for differences (CFDs) broker brands, TradedWell and InvestFW.
The licence withdrawal followed “the company’s decision to expressly renounce it,” the regulator clarified in its notice. In 2023, it was fined €1 million for multiple violations connected to a tied agent in Spain.
UK banks get the green light to test AI
In the UK, the Financial Conduct Authority partnered with the chip-maker Nvidia to establish a testing environment where financial institutions can safely trial artificial intelligence applications.
Although several tech companies connected to the AI industry, such as Arm Holdings, Imagination Technologies, and Graphcore, are based locally, the FCA ultimately chose to partner with a U.S.-based firm.
Jessica Rusu, Chief Data, Information and Intelligence Officer, Source: FCA
“This collaboration will help those that want to test AI ideas but who lack the capabilities to do so,” said Jessica Rusu, the FCA's chief data, intelligence and information officer.
“We'll help firms harness AI to benefit our markets and consumers, while supporting economic growth.” She mentioned the plans to start the program already in April.
More than a third, 36.6% of respondents, are already using AI tools to assist with trading, and an additional 28% plan to adopt such tools soon.
And even as AI booms, experts are warning of a possible negative impact on the job market.
Klarna CEO Sebastian Siemiatkowski warned that AI will kill jobs and trigger a recession, right before talking to customers on an AI hotline.
Binance launched operations in Syria
Lastly, in the crypto space, Binance launched operations in Syria, following the easing of sanctions by the United States and the European Union.
Previously, Binance restricted access in Syria. The company said the recent policy changes now allow Syrian users to register and trade. This move made Binance one of the first major crypto platforms to enter the Syrian market.
Aussies on CMC Invest Traded Local Stocks Six Times More Than US-Listed Ones
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
