Why did Cyprus CYSEC Economic Regulator effectively prohibit Octa / Octafx that controls the shareholder Prozorov by the CIF Octa Markets CYPRUS LTD?
How does Cryptographic Kraken enter retail?
How did Valutrades do in 2024 after a pretty devastating 2023?
Which Cfds Broker did (now ex) Moomoo Ceo Gavin Chia participated?
Which broker CFDS with CFDS licensed saw the departure of the Managing Director?
Some of the most read and commented news stories in the FX/CFD industry to appear in the last seven days in FNG included:
Top news of the FX and CFDS industry this week
Cysc suspects the voting rights of the Octa Markets (OCTAFX) that controls Povel Prozorov shareholder. Cyprus CYSEC’s financial regulator has announced that Pavel Prozorov’s influence as the ultimate beneficial owner of the CIF Octa Markets CYPRUS LTD license is harmful to the sound and wise management of Octa Markets. Thus, the regulator has taken action to remove any influence on Octto markets by Pavel Prozorov.
Kraken buys a trading cryptographic company. It seems that CFDS Trading is not the only new area that Kraken is trying to break. Fresh from the acquisition of last month of Capitalise car trading platform.
Exclusive: Valutrades revenue is recovered 27% in 2024, but losses remain. Exclusive FNG… After a fairly devastating 2023, which included 77%revenue, the FCA was regulated by FX and CFDS Broker Valutrades published a slightly better 2024, but still far from the best years earlier this decade, based on the regulatory deposits that FNG saw.
Exclusive: Abn Amro supports Neobank Buut youth goes alive. Exclusive FNG… FNG has learned that the Dutch bank Abn Amro has lived with Neobank’s latest spinofank called Buut. The Buut app is now available for download on the Google Play Store and Apple App Store. The buut, offered only during the launch of the Dutch, aims at new savers and investors. Buut joins a series of ABN Amro applications supported by transactions / savings / investments, such as Tikkie and Bux. As part of ABN Amro, the buut is covered by the Dutch deposit warranty system.
Prop The5ers selects Ctrader as one of its main trading environments. Spotware, developer of the award -winning Ctrader Trading platform, announced that the leading retail company, The5ers, has chosen Ctrader as one of its main commercial environments. This collaboration reinforces Ctrader’s position as a selection platform for privately owned commercial companies and traders who are committed to innovation, transparency and long -term development.
Top executive movements of the FX industry this week
→ People’s 2000 – Students.
❑ Exclusive: The CFDS Trace broker sees the departure of CEO Erkin Kamran.
❑ Exclusive: Startrader hires Daniel Petro as head of corporate relationships.
❑ GTN TAPS FX Industry Vet Simon Bolvig Mark as Customer Success Manager.
❑ CMC Markets appoints Sarah ING as a senior independent manager.
❑ Binance SB Seker names the new APAC chief.
❑ Worldline appoints Anika Grant as a head of official.