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Europe's Economic Crossroads: Recession Fears and S&P Global's
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Executives
GO Markets Appoints Head of Sales Following Five-Year Tenure at Pepperstone
2024-10-01T13:24:35.700+02:00
Richa Kawra worked as a Corporate Relationship Manager at AFEX in Melbourne .
Recently, the firm partnered with Currencycloud to automate deposits, withdrawals, and FX rates.
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Retail FX
Markets.com Links Up with TradingView, Bringing CFDs on Forex and Crypto
2024-10-01T10:47:51.398+02:00
The broker, part of Finalto Group, serves over 4.7 million clients in 170 countries.
Recently, the firm partnered with Worldpay to manage global payment processing and fund disbursements.
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ZaraFX Rebrands as Zarvista Capital Markets to Align with Growth Objectives
2024-09-30T11:19:08.346+02:00
The rebranded firm will continue to offer the same services and objectives as ZaraFX.
The firm recently appointed a Chief Business Development Officer and completed its Series A funding round, totaling $2 million.
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Retail FX
MFSA Raises Flag on Impersonation: “Don’t Get Caught in Fake Email Scams”
2024-09-27T12:09:13.042+02:00
Potential fraud can often be identified by unusual communication and urgent requests for personal information.
If unsure, verify the entity’s license and stop communication until confirmed, the regulator suggests.
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Retail FX
Match-Trade’s Prop Trading Solution Enhances Challenge Management in CRM
2024-09-26T11:08:04.583+02:00
The platform offers real-time notifications for phase progression requests for trader communication.
The Broker API supports partial position closure, and users can export data from the Forex CRM into CSV files.
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Retail FX
Webull Canada Launches Options Trading for Hedging and Diversification
2024-09-24T15:33:16.329+02:00
The newly introduced service provides tools for market engagement and income generation.
The firm recently launched TFSAs, RRSPs, and a cash management product.
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Executives
BDSwiss Sees Marketing Manager Joins Growing Wave of Departures
2024-09-20T17:54:12.068+02:00
Finance Magnates reported that at least ten employees, including senior executives, have left the firm.
According to the company, it is “restructuring” and will “cease operations” in certain regions.
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Executives
Former Freetrade Executive Ian Fuller Steps into CTO Role at Investa
2024-09-20T17:06:11.253+02:00
Fuller spent nearly two years at Gatha, building a social booking platform with LLMs and vector databases.
He served as CTO at Runa for nearly three years, leading key projects like a Series B raise.
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Retail FX
StoneX Settles ICE Charges for $20,000 over Trade Practice Violations
2024-09-20T11:12:45.362+02:00
The charges arose from an incident on April 27, 2023, involving opposing buy and sell orders.
No customer harm was reported in connection with the incident.
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Retail FX
MetaQuotes Rolls Out 20 Years of Nasdaq Tick Data Access for Traders
2024-09-19T15:02:11.084+02:00
Users can select from professional and non-professional plans for personal or commercial trading.
A demo account lets users test the service, but real-time data access requires a subscription.
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Retail FX
Axi Enlists John Stones as Brand Ambassador Alongside Manchester City Renewal
2024-09-19T13:34:09.266+02:00
Stones, a defender for Manchester City and the England national team, has over 200 appearances and 13 trophies.
The firm renewed its sponsorship with Manchester City and partnered with Girona FC and Esporte Clube Bahia.
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Retail FX
UK Government and FCA Set to Overhaul PRIIPs Regulation for Retail Investors
2024-09-19T11:27:22.679+02:00
Legislation for the new CCI regime will be introduced to improve transparency for retail investors.
The regulator will not enforce PRIIPs regulations against investment trusts until new legislation is enacted.
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Retail FX
Prop Firm TradersWithEdge Brings Back MT5 with Trading Promotions
2024-09-18T11:21:02.157+02:00
The firm launches 2-for-1 deal on challenge accounts alongside MT5 reintroduction.
Regulators, including ASIC, are increasing scrutiny on prop trading firms and CFD distribution channels.
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Prop Firm QuantTekel Introduces Broker Services after Rebranding from AscendX Capital
2024-09-16T13:16:41.229+02:00
AscendX Capital, active since November 2023, had signalled upcoming changes recently.
The firm is transitioning to a full broker and expanding its Prop Firm services.
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DXtrade XT Ramps Up Prop Trading Tools for Brokers and Firms
2024-09-13T15:52:34.879+02:00
The platform now allows prop firms to set custom session end times for traders.
The firm has expanded its partnership with Centroid Solutions to support DXtrade CFD on Centroid Risk.
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Retail FX
Prop Firm Gold Fund Trader Pulls the Plug after $600 in Sales and Funding Setbacks
2024-09-13T11:40:27.807+02:00
The firm halts operations following delays and the withdrawal of a key investor.
Of 160 accounts, 158 were through giveaways, with 90 active but no funded accounts or pending payouts.
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Retail FX
Wall Street Trader Alexander Gerchik Jumps into Prop Trading with New Platform
2024-09-12T11:12:38.988+02:00
Traders can access capital ranging from $5K to $100K and keep 80% of their profits.
Prop trading is gaining traction, with brokers such as OANDA, Axi, and Hantec Markets expanding into this area.
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Tradu Integrates TradingView’s Real-Time Data and Custom Charting Features
2024-09-12T10:12:24.450+02:00
Users can utilize over 110 drawing tools, 100 technical indicators, and various chart types.
Tradu has launched a crypto exchange with over 40 coins, including Bitcoin and Ethereum.
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Executives
Admirals Veteran Takes on Head of B2B Role at NAGA after 3 Years
2024-09-11T17:04:25.055+02:00
Eugene Danishkin was COO of a fintech B2C company and held senior roles at FX brokers.
He also continues to run his own consulting firm, MBC Ltd., based in Cyprus.
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Hirose UK Achieves 79.7% Surge in Net Profit despite 1% Revenue Growth
2024-09-10T14:05:39.814+02:00
For the fiscal year 2024, the firm reported a 2.6% increase in profit before tax.
The net profit for the year increased to £530K up from £295K in the previous year.
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Retail FX
Finalto South Africa Launches White Label Solution for Rapid Brokerage Setup
2024-09-09T12:08:15.773+02:00
The solution allows the setup in a month with customizable features and top-tier liquidity.
It is platform-agnostic and includes reporting tools, and risk controls.
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Executives
Global Head of Sales at BDSwiss, with Past Roles at FXGM and FxGrow, Steps Down
2024-09-06T14:20:25.313+02:00
Marios Morfakis has resigned from his position after serving for 1 year and 8 months at BDSwiss.
BDSwiss has secured a UAE SCA Category 5 license, for its MENA forex and CFD services.
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Executives
Markets.com’s Head of MENA Ali Makki Departs after Nine Months
2024-09-05T16:27:47.285+02:00
Makki has not yet disclosed his next steps but expressed readiness for new challenges.
Earlier, the firm promoted Elena Christodoulou to Head of Europe.
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DXtrade Steps Up Partnership with Centroid for Brokers' Risk Management
2024-09-05T10:26:23.189+02:00
The expanded collaboration is to utilize Centroid Risk for portfolio insights and risk mitigation.
Centroid’s bridge engine offers DXtrade brokers access to over 250 market makers.
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Retail FX
Prop Trading Industry Is Divided on “Gamification” amid Consob's “Video Game” Remark
2024-09-04T15:40:00.000+02:00
Consob is concerned about the rise of prop trading firms and linked them to “video games.”
One prop trading executive said, “I don’t really agree with the ‘video game’ label,” while another called Consob’s warning “necessary and timely.”
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