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Retail FX

Jordan FA Cup to Be Renamed as CFI Partners Football Association

  • CFI will sponsor all major leagues under the JFA.
  • The brokerage sponsored the recent Mubadala World Tennis Championship.
by Solomon Oladipupo
Executives

Ex OvalX Seniors Move to BidX Markets, Trade Nation and Alvar

  • OvalX ceased operations on March 17, 2023, after selling assets to Capital.com.
  • Last week, Mark Foulds moved to Alvar Financial after over 20 years at OvalX.
by Solomon Oladipupo
Retail FX

ThinkMarkets Bolsters APAC Foothold with New Zealand License

  • The broker launched in Japan in March 2022.
  • ThinkMarkets secured $30M early last year to boost its expansion.
by Solomon Oladipupo
Retail FX

NAGA Seeks to Raise $8.2M in Convertible Bond

  • Upon full conversion, the bonds will raise NAGA's current share capital by 7.7%.
  • NAGA Group "incurred significant losses last year."
by Solomon Oladipupo
Retail FX

Exclusive: Retail FX Broker TradedWell Shuts Down Website

  • The brokerage, which started running in 2020, closed its website on January 27, 2023.
  • TradedWell is the third CySEC broker to have encountered problems in the last 3 months.
by Solomon Oladipupo
Retail FX

Tradier Gets $24.6M to Address “Graduation Effect” among Retail Traders

  • The retail broker plans to introduce a "market-first platform and content hub."
  • Tradier says it saw a record performance last year.
by Solomon Oladipupo
Retail FX

CySEC Slams €1M Fine on Itrade Global for Multiple Violations in Spain

  • The alleged violations were committed by its tied agent in Spain.
  • Some of them include dishonest practices and failure to prevent conflict of interest.
by Solomon Oladipupo
Institutional FX

US Firm Wedbush Expands into FX Prime Brokerage, Taps Jefferies Execs

  • The new unit is part of Wedbush Securities' FICCS division.
  • The FX prime brokerage team is being led by Michael Stone, ex-Jefferies Bache VP.
by Solomon Oladipupo
Retail FX

MahiMarkets’ Product Aims at ‘Full Autonomy’ over CFD Pricing for Brokers

  • The enhanced product offers features, such as liquidity reduction and tight spread.
  • Eurotrader tapped MahiMarkets in December 2022 for better pricing and risk management.
by Solomon Oladipupo
Executives

IG Group Hires NatWest Group’s Adam Wheelwright as CTO

  • Wheelwright has previously worked with UKHSA, Nomura, Dresdner Kleinwort and UBS.
  • The executive's appointment comes a day after IG Group agreed to acquire Small Exchange.
by Solomon Oladipupo
Retail FX

DDoS Attacks on FX Brokers Spike; Cyprus Heavily Targeted

  • The Attackers Disrupt the Operation of Platforms and Demand Ransom
  • Though Most Solutions are Expensive, There are Some Ways to Protect Your Business
by Mate Ivanszky
Retail FX

Pepperstone UK’s Profit Surges 128% to £4.6M in 2022

  • The broker's revenue increased 36% to £10.7 million.
  • However, Pepperstone UK's profit and revenue fail to break above the 2020 output.
by Solomon Oladipupo
Executives

Equiti Group Promotes Ahmad Qutaishat to Sales Vice President

  • Qutaishat brings about a decade of experience to the role.
  • The executive joined Equiti Group in October 2018 as Client Support Officer.
by Solomon Oladipupo
Executives

FXGlobe Hires Tixee’s Todor Georgiev as Chief Operating Officer

  • Previously, Georgiev was the COO at the forex and CFD broker, Tixee.
  • He brings over a decade of experience to the new role.
by Solomon Oladipupo
Retail FX

OANDA Introduces CFDs Exposure to Popular US and UK Stocks

  • The launch offers new trading opportunities to OANDA's clients in emerging markets.
  • Some of included stocks include BP, Vodafone, Tesla and Amazon, among others.
by Solomon Oladipupo
Executives

Scope Markets Eyes MENA, Hires Equiti’s VP as Sales Manager for Region

  • Yaser Zidan joins Scope Markets from Equiti where he spent about seven years.
  • Rostro announced the completion of its acquisition of Scope Markets in January.
by Solomon Oladipupo
Retail FX

XTB Seeks to Commit 50% of Profit to Dividends, 25% to Shares Buyback

  • XTB's net profit skyrocketed 214% to $171.6 million in 2022.
  • The intended actions are dependent on Polish financial markets regulator's approval.
by Solomon Oladipupo
Executives

Industry Newcomer Monaxa Hires Exness’ Chris Trikomitis as CEO

  • Trikomitis brings almost two decades of financial industry experience to the role.
  • Monaxa Group operates entities registered in St. Vincent and regulated by ASIC.
by Solomon Oladipupo
Executives

BDSwiss' Chief People Officer in Cyprus Leaves after a Year

  • Natale Mastoroudes joined BDSwiss in Jan. 2022 as the Head of HR.
  • Thomas Pantazis, the Head of Country Partnership at Admirals Australia, is also leaving.
by Solomon Oladipupo
Executives

OneRoyal Elevates Elie Koueik to Lebanon Country Manager

  • Koueik has spent about 13 years at OneRoyal.
  • The broker recently hired a former NAGA executive as the Chief Marketing Officer.
by Solomon Oladipupo
Executive Moves

Denis Golomedov Resigns as RoboMarkets' Chief Marketing Officer

  • Golomedov joined RoboMarkets in August 2017.
  • RoboMarkets has launched new ventures in recent months.
by Solomon Oladipupo
Retail FX

VT Markets Onboards Acuity’s Signal Centre to Aid Traders' Decision Making

  • Signal Centre was acquired by Acuity in 2021.
  • VT Markets recently reported a 125% growth in its trading volume.
by Solomon Oladipupo
Executives

WH Selfinvest Hires FXFlat’s Raphaël Leblond as French Regional Manager

  • Leblond brings over a decade of experience to the role.
  • The senior executive led German broker FXFlat's expansion into France.
by Solomon Oladipupo
Retail FX

ThinkMarkets Introduces New Security Layer to Fight Fraudulent Calls

  • The broker said clients can now identify fraudsters through OTP confirmation.
  • ThinkMarkets has expanded its offerings in recent months.
by Solomon Oladipupo
Executives

Zenfinex's MENA CEO Resigns, Says “Mission Accomplished!”

  • Michel Chabbouh helped Zenfinex get its DFSA license last year.
  • The executive says Zenfinex now has “strong foundations to build its growth on.”
by Solomon Oladipupo
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