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Weekly Update: CFD Industry Exceeds 5M Accounts, Plus500 Eyes Further US Expansion
Weekly Update: CFD Industry Exceeds 5M Accounts, Plus500 Eyes Further US Expansion
News Discussion Forum
By Finance Magnates
Weekly Update: CFD Industry Exceeds 5M Accounts, Plus500 Eyes Further US Expansion
CFD Industry Exceeds 5 Million Accounts . Starting off our weekly news round-up, we highlight a key milestone in the CFD space. Last year, the industry posted strong results as the market continued...
Weekly Update
Plus500
XS.com Names Stelios Pallis as CTO After Four Years at GT Group
XS.com Names Stelios Pallis as CTO After Four Years at GT Group
News Discussion Forum
By Finance Magnates
XS.com Names Stelios Pallis as CTO After Four Years at GT Group
Stelios Pallis has announced on LinkedIn that he has started a new position as Chief Technology Officer (CTO) at XS.com.
MOVE
industry move
executive moves
executive move
moves
Exclusive: CFD Industry Surpasses 5M Accounts: What's Next?
Exclusive: CFD Industry Surpasses 5M Accounts: What's Next?
News Discussion Forum
By Finance Magnates
Exclusive: CFD Industry Surpasses 5M Accounts: What's Next?
Last year was a strong one for the CFD industry. The market continued to expand, though primarily in developing countries.
active accounts
Intelligence report
CFD industry
Asia
trump
xtb
ATFX Expands Trading Capabilities with BlackArrow Integration
ATFX Expands Trading Capabilities with BlackArrow Integration
News Discussion Forum
By Finance Magnates
ATFX Expands Trading Capabilities with BlackArrow Integration
Traders can seamlessly engage with forex, indices, cryptocurrencies, commodities, and stocks within a single platform.
Eurex Clearing CEO Erik Tim Müller to Step Down After Nearly Three Decades
Eurex Clearing CEO Erik Tim Müller to Step Down After Nearly Three Decades
News Discussion Forum
By Finance Magnates
Eurex Clearing CEO Erik Tim Müller to Step Down After Nearly Three Decades
Erik Tim Müller, the long-serving CEO of Eurex Clearing AG, will step down from his role after next month and leave Deutsche Börse Group by the end of the year.
Revolut Sticks to Hybrid Work as It Moves to London HQ: Launches in Ukraine
Revolut Sticks to Hybrid Work as It Moves to London HQ: Launches in Ukraine
News Discussion Forum
By Finance Magnates
Revolut Sticks to Hybrid Work as It Moves to London HQ: Launches in Ukraine
Revolut has informed employees that it will continue to allow hybrid working. The decision comes as others push for staff to return to offices.
revolut
hybrid work
fintech
ukraine
london
SEC Targets Digital Scams With New Cyber and Emerging Technology Unit
SEC Targets Digital Scams With New Cyber and Emerging Technology Unit
News Discussion Forum
By Finance Magnates
SEC Targets Digital Scams With New Cyber and Emerging Technology Unit
The rise of digital fraud and financial cybercrime has prompted the Securities and Exchange Commission (SEC) to take decisive action.
sec
cybercrime
FBS Analysts Explore AI’s Growing Role in Trading
FBS Analysts Explore AI’s Growing Role in Trading
News Discussion Forum
By Finance Magnates
FBS Analysts Explore AI’s Growing Role in Trading
AI is revolutionizing algorithmic trading, moving beyond traditional rule-based strategies.
Polish Prosecutor Denies Conotoxia's Claims: No Investigation Against KNF
Polish Prosecutor Denies Conotoxia's Claims: No Investigation Against KNF
News Discussion Forum
By Finance Magnates
Polish Prosecutor Denies Conotoxia's Claims: No Investigation Against KNF
Cinkciarz.pl (Conotoxia Holding) reported today (Thursday) that the prosecutor's office has launched an investigation against the country's Financial Supervision Authority (KNF) in response to a complaint filed by the Polish fintech
Cinkciarz.pl
Conotoxia
poland
KNF
After Asia and Middle East, XTB Receives Regulatory Approval in Latin America
After Asia and Middle East, XTB Receives Regulatory Approval in Latin America
News Discussion Forum
By Finance Magnates
After Asia and Middle East, XTB Receives Regulatory Approval in Latin America
XTB, the Warsaw-listed financial technology company (GPW: XTB ), has obtained a securities agent license from Chile's Financial Market Commission (CMF), continuing it expansion plan in Latin America.
xtb
Omar Arnaout
Chile
eToro Expands Offering with ADX Stocks as Exchange Raises $3.3 Billion in IPOs
eToro Expands Offering with ADX Stocks as Exchange Raises $3.3 Billion in IPOs
News Discussion Forum
By Finance Magnates
eToro Expands Offering with ADX Stocks as Exchange Raises $3.3 Billion in IPOs
eToro has added stocks from the ADX. This follows an agreement signed in 2023 between ADX and eToro to expand investor access to UAE-listed companies.
etoro
adx
uae
Abu Dhabi Securities Exchange
Poland's KNF Under Investigation for Alleged Regulatory Breach
Poland's KNF Under Investigation for Alleged Regulatory Breach
News Discussion Forum
By Finance Magnates
Poland's KNF Under Investigation for Alleged Regulatory Breach
Polish prosecutors have opened an investigation into alleged abuse of power by the country's Financial Supervision Authority (KNF) following a complaint from financial services firm Cinkciarz.
Cinkciarz.pl
Conotoxia
KNF
poland
XBO.com Becomes the Official Global Sponsor of the Argentina National Football Team
XBO.com Becomes the Official Global Sponsor of the Argentina National Football Team
News Discussion Forum
By Finance Magnates
XBO.com Becomes the Official Global Sponsor of the Argentina National Football Team
Argentine Football Association partners with XBO.com to unite two passionate communities.
Sponsorship
XBO.com
Libertex Enters Formula One as the Official Online Trading Partner of KICK Sauber F1 Team
Libertex Enters Formula One as the Official Online Trading Partner of KICK Sauber F1 Team
News Discussion Forum
By Finance Magnates
Libertex Enters Formula One as the Official Online Trading Partner of KICK Sauber F1 Team
The partnership underscores Libertex’s expanding footprint in global sports.
Bankrupt FlowBank to Return 70–80% of CHF 384 Million in Creditor Claims
Bankrupt FlowBank to Return 70–80% of CHF 384 Million in Creditor Claims
News Discussion Forum
By Finance Magnates
Bankrupt FlowBank to Return 70–80% of CHF 384 Million in Creditor Claims
The liquidator of the now-bankrupt FlowBank has revealed that it will fully pay first- and second-class claims to creditors, while the liquidation dividend for third-class claims will be between 70...
FlowBank
Finance Magnates Releases Q4 2024 Intelligence Report
Finance Magnates Releases Q4 2024 Intelligence Report
News Discussion Forum
By Finance Magnates
Finance Magnates Releases Q4 2024 Intelligence Report
Explore the latest Finance Magnates Intelligence Report for Q4 2024, offering key market insights and trends.
qir
Finance Magnates Intelligence
Fintech Investment Slumps to Seven-Year Low of $95.6 Billion as Rate Hikes Bite
Fintech Investment Slumps to Seven-Year Low of $95.6 Billion as Rate Hikes Bite
News Discussion Forum
By Finance Magnates
Fintech Investment Slumps to Seven-Year Low of $95.6 Billion as Rate Hikes Bite
Global fintech investment plummeted to $95.6 billion across 4,639 deals in 2024, marking its lowest level since 2017, as investors grappled with persistent macroeconomic challenges and geopolitical tensions.
fintech
Funding
KPMG
2024
GCEX Director Touts Simplicity With New Trading Platform for Fund Managers
GCEX Director Touts Simplicity With New Trading Platform for Fund Managers
News Discussion Forum
By Finance Magnates
GCEX Director Touts Simplicity With New Trading Platform for Fund Managers
Digital asset and foreign exchange solutions provider GCEX introduced XplorAllocate today (Thursday), a multi-asset platform designed to automate trade allocation processes for institutional investors.
GCEX
Multi Asset Solutions
Can Musk Pull Off Another Market Move? X Seeks Fresh Cash at a $44B Tag
Can Musk Pull Off Another Market Move? X Seeks Fresh Cash at a $44B Tag
News Discussion Forum
By Finance Magnates
Can Musk Pull Off Another Market Move? X Seeks Fresh Cash at a $44B Tag
Elon Musk's social media company, X, formerly known as Twitter, is in talks to raise new funding at a $44 billion valuation, the same price Musk paid when he acquired the platform in 2022.
elon musk
FCA Defends Email Policy Shift as Critics Warn of Transparency Risks
FCA Defends Email Policy Shift as Critics Warn of Transparency Risks
News Discussion Forum
By Finance Magnates
FCA Defends Email Policy Shift as Critics Warn of Transparency Risks
Failing to maintain proper records of electronic communication has led to hefty fines for companies in recent years, prompting the UK’s regulator to clarify its stance on email compliance.
OANDA Extends Partnership with New York Red Bulls, Boosts Event Opportunities
OANDA Extends Partnership with New York Red Bulls, Boosts Event Opportunities
News Discussion Forum
By Finance Magnates
OANDA Extends Partnership with New York Red Bulls, Boosts Event Opportunities
The New York Red Bulls announced an extension of their partnership with OANDA, which has been the club's Official Forex Trading Partner since 2022.
oanda
sports-sponsorship
retail FX
retail forex
retail brokers
retail
KNF Flushed Their License Down the Toilet, Now Cinkciarz.pl is on a Roll with Revenge
KNF Flushed Their License Down the Toilet, Now Cinkciarz.pl is on a Roll with Revenge
News Discussion Forum
By Finance Magnates
KNF Flushed Their License Down the Toilet, Now Cinkciarz.pl is on a Roll with Revenge
Polish fintech Conotoxia (Cinkciarz.pl) is flushing back at regulators with an unconventional product launch after losing its payment institution authorization.
Cinkciarz.pl
Conotoxia
KNF
Beeks’ H1 FY25 Profit Jumps 31%, “Trading in Line with Expectations”
Beeks’ H1 FY25 Profit Jumps 31%, “Trading in Line with Expectations”
News Discussion Forum
By Finance Magnates
Beeks’ H1 FY25 Profit Jumps 31%, “Trading in Line with Expectations”
Beeks Financial Cloud Group (AIM: BKS) released a trading update today (Wednesday), expecting to close the first six months of the fiscal year 2025 with £15.
beeks
beeks financial cloud
Doo Group Volume Hits Seven-Month Low in January 2025 as Trading Slows
Doo Group Volume Hits Seven-Month Low in January 2025 as Trading Slows
News Discussion Forum
By Finance Magnates
Doo Group Volume Hits Seven-Month Low in January 2025 as Trading Slows
Doo Group reported its lowest monthly trading volume since June 2024, with January figures reaching $107.01 billion, as seasonal factors and market adjustments impacted trading activity.
doo group
Trading Volume
Adv
Three CEOs to Succeed Lutnick at BGC as He Takes U.S. Commerce Post
Three CEOs to Succeed Lutnick at BGC as He Takes U.S. Commerce Post
News Discussion Forum
By Finance Magnates
Three CEOs to Succeed Lutnick at BGC as He Takes U.S. Commerce Post
BGC Group (NASDAQ: BGC ) announced a major leadership overhaul as Howard Lutnick, its longtime Chairman and Chief Executive Officer, steps down following his confirmation as the 41st U.S. Secretary of Commerce by the Senate.
BGC Group
Carla Nemr Leaves Tauro Markets after 5 Months, Joins CFI
Carla Nemr Leaves Tauro Markets after 5 Months, Joins CFI
News Discussion Forum
By Finance Magnates
Carla Nemr Leaves Tauro Markets after 5 Months, Joins CFI
Carla Nemr left the newly launched Tauro Markets after about five months to join the established forex and contracts for differences (CFDs) brand, CFI Financial Group, as the Global Director of Bus...
FYNXT Proves Its Cybersecurity Prowess with Successful Second ISO 27001 Surveillance Audit
FYNXT Proves Its Cybersecurity Prowess with Successful Second ISO 27001 Surveillance Audit
News Discussion Forum
By Finance Magnates
FYNXT Proves Its Cybersecurity Prowess with Successful Second ISO 27001 Surveillance Audit
FYNXT clients' data is handled with the highest level of security, transparency, and compliance with the latest industry frameworks.
UK's Regulator Fines Mako Financial Markets £1.66M in Cum-Ex Trading Crackdown
UK's Regulator Fines Mako Financial Markets £1.66M in Cum-Ex Trading Crackdown
News Discussion Forum
By Finance Magnates
UK's Regulator Fines Mako Financial Markets £1.66M in Cum-Ex Trading Crackdown
The London-based Mako Financial Markets is the latest firm to bear the brunt of the UK regulator’s crackdown on the infamous cum-ex trading scandal.
Why Solana Crashed: Price Drops 60% from Peak as Meme Coin Hype Cools
Why Solana Crashed: Price Drops 60% from Peak as Meme Coin Hype Cools
News Discussion Forum
By Finance Magnates
Why Solana Crashed: Price Drops 60% from Peak as Meme Coin Hype Cools
After hitting an all-time high of $261 in January, Solana (SOL) has dropped nearly 60% amid the fading excitement of the meme coin market that once propelled its growth.
Musk’s xAI Rolls Out Grok-3 After $97 Billion Offer Rejection from OpenAI
Musk’s xAI Rolls Out Grok-3 After $97 Billion Offer Rejection from OpenAI
News Discussion Forum
By Finance Magnates
Musk’s xAI Rolls Out Grok-3 After $97 Billion Offer Rejection from OpenAI
Elon Musk’s artificial intelligence company, xAI, has introduced Grok-3, the latest version of its chatbot.
elon musk
AI
OpenAI
Twitter
Chinese AI DeepSeek to See Tiger Brokers Traders’ Data in the Upgraded TigerGPT
Chinese AI DeepSeek to See Tiger Brokers Traders’ Data in the Upgraded TigerGPT
News Discussion Forum
By Finance Magnates
Chinese AI DeepSeek to See Tiger Brokers Traders’ Data in the Upgraded TigerGPT
Online brokerage firm Tiger Brokers (NASDAQ: TIGR) announced today (Tuesday) the integration of DeepSeek-R1 artificial intelligence model into its TigerGPT investment platform.
Tiger Brokers
UP Fintech
Plus500’s US Bet Pays Off: Aims to Expand with “Bolt-on Acquisition”
Plus500’s US Bet Pays Off: Aims to Expand with “Bolt-on Acquisition”
News Discussion Forum
By Finance Magnates
Plus500’s US Bet Pays Off: Aims to Expand with “Bolt-on Acquisition”
Plus500 (LON: PLUS) entered the United States futures market in 2021, which has now become “strategically important” for it and “represents a multi-year growth opportunity.
plus500
united-states
AIMS
Interactive Brokers' US Retail FX Deposits Gains 14% in December as Larger Rivals Retreat
Interactive Brokers' US Retail FX Deposits Gains 14% in December as Larger Rivals Retreat
News Discussion Forum
By Finance Magnates
Interactive Brokers' US Retail FX Deposits Gains 14% in December as Larger Rivals Retreat
US retail foreign exchange (FX) dealers reported a collective decline in customer deposits for December 2024, with most major brokers seeing outflows while Interactive Brokers emerged as a bright spot.
forex deposits
USA
iTech Software Upgrades its Trading Platform with Multi-currency Functionality
iTech Software Upgrades its Trading Platform with Multi-currency Functionality
News Discussion Forum
By Finance Magnates
iTech Software Upgrades its Trading Platform with Multi-currency Functionality
Yet another game-changing release from iTech Software targeting both brokers and traders.
iTech Software
oneZero Takes Over Autochartist to Boost Data Intelligence
oneZero Takes Over Autochartist to Boost Data Intelligence
News Discussion Forum
By Finance Magnates
oneZero Takes Over Autochartist to Boost Data Intelligence
Trading technology provider oneZero Financial Systems announced today (Tuesday) its acquisition of Autochartist, a market analytics firm specializing in automated financial content generation.
onezero
Autochartist
Plus500 Adds 118,010 New Users in 2024 as Customer Base Grows 30%
Plus500 Adds 118,010 New Users in 2024 as Customer Base Grows 30%
News Discussion Forum
By Finance Magnates
Plus500 Adds 118,010 New Users in 2024 as Customer Base Grows 30%
Financial technology company Plus500 Ltd. reported its full-year results for 2024, showing revenue of $768.3 million, a 6% increase from the previous year, while announcing new shareholder returns.
plus500
2024
financial-results
CM Elite Group UK’s FY24 Revenue Jumps amid Significant Client Growth
CM Elite Group UK’s FY24 Revenue Jumps amid Significant Client Growth
News Discussion Forum
By Finance Magnates
CM Elite Group UK’s FY24 Revenue Jumps amid Significant Client Growth
The United Kingdom-registered entity of Capital Markets Elite Group, a broker offering equities and contracts for difference (CFDs), generated £502,699 in the fiscal year ended 31 May 2024.
ASIC Seeks to Ease Reporting Rules: It Will Impact on CFD Brokers
ASIC Seeks to Ease Reporting Rules: It Will Impact on CFD Brokers
News Discussion Forum
By Finance Magnates
ASIC Seeks to Ease Reporting Rules: It Will Impact on CFD Brokers
The Australian Securities and Investments Commission (ASIC), which oversees financial services markets, has proposed certain relaxations in mandatory reporting requirements for regulated companies,...
Asic
Australia
compliance
Devexperts Expands Offering with New Institutional Trading Platform
Devexperts Expands Offering with New Institutional Trading Platform
News Discussion Forum
By Finance Magnates
Devexperts Expands Offering with New Institutional Trading Platform
Devexperts launched DXtrade Institutional, an institutional platform promising to help banks, hedge funds, asset managers, and market makers enhance their trading infrastructure.
devexperts
dxTrade
A Look at 1FUEL's Innovative Exchange Platform
A Look at 1FUEL's Innovative Exchange Platform
News Discussion Forum
By Finance Magnates
A Look at 1FUEL's Innovative Exchange Platform
Litecoin remains very popular with its price having bounced back to $124.
litecoin