Broker News
Interactive Brokers expands Japan offerings with margin and yield programs
Interactive Brokers Group Inc. reportedly announced the introduction of three new offerings, including margin and stock yield enhancement programs, for its Japanese subsidiary.
Moomoo, IBKR join X Cashtag Partner Program
The article reports that Moomoo and Interactive Brokers have become official U.S. Cashtag Partners on X, enabling direct access from market discussions on the social platform to trading on their respective platforms.
FINRA Arbitration Award Against Fidelity Brokerage Services
FINRA reports that Fidelity Brokerage Services LLC was named as a respondent in an arbitration case resulting in an award document related to a dispute with a claimant.
Spec Markets Boosts CFD Execution with iSAM Securities Integration
Spec Markets has integrated iSAM Securities' Radar risk analytics and Apex bridge platforms, enhancing its CFD risk management, liquidity routing, and execution capabilities.
Excent Capital Launches New Website Highlighting Proprietary Trading
Excent Capital has unveiled a revamped website, emphasizing its proprietary trading platform and multi-account management tools, aligning with a broader trend among online brokers.
Crypto Exchange CoinEx Ceases Operations Amid Security and Regulatory Concerns
The Hong Kong-based cryptocurrency platform CoinEx has announced its cessation of operations, citing concerns related to security and regulatory compliance in its decision to wind down.
CoinEx to Cease Operations After Nine Years
The Hong Kong-based cryptocurrency exchange, CoinEx, reportedly announced its impending cessation of operations and an orderly liquidation, citing market downturns, reduced trading activity, and escalating regulatory compliance expenses as contributing factors.
CoinEx Ceases Operations Amidst Crypto Market Downturn
FX News Group reports that the Chinese cryptocurrency trading platform CoinEx has ceased operations, attributed to a prolonged decline in digital asset trading volumes despite a recent market recovery.
CoinEx Ceases Operations After Nine Years Amid Market Pressures
Reports indicate that cryptocurrency exchange CoinEx is ceasing operations after nearly nine years, citing a prolonged market downturn, reduced trading activity, and escalating regulatory costs as reasons for its closure.
Capital.com MENA Head of Sales Chris Demetriou Departs
An exclusive report indicates that Chris Demetriou has left his position as Head of Sales for the MENA region at Capital.com, marking the end of his second period with the brokerage.
Charles Schwab Comments on FINRA Regulatory Notice 26-14
Charles Schwab & Co., Inc. has submitted a comment regarding FINRA Regulatory Notice 26-14, as reported by the Financial Industry Regulatory Authority.
FINRA Issues Arbitration Award in Robinhood Case
FINRA has issued an award document for case 25-01058, involving Jonathan Frias as claimant against Robinhood Financial, LLC and Robinhood Securities, LLC, with Peter Shapiro serving as neutral.
IRS Crypto Tax Guidance for Brokers: 2025 Reporting
The article reports that the IRS has issued new tax guidance requiring crypto brokers to report gross proceeds on Form 1099-DA for digital asset transactions starting in 2025, with cost basis reporting beginning in 2026, and details temporary exceptions for certain transaction types.
Webull Adds CME Nano Futures to Trading Platform
Webull, an online trading platform, has announced the introduction of CME Group's E-nano S&P 500 and E-nano Nasdaq-100 futures to its offerings, providing smaller-sized contracts for retail investors.
Saudi Arabia's $1.3T Economy: Broker Opportunities and Hurdles
A recent article evaluates the Saudi Arabian economy's potential for global brokers, highlighting its scale and growing investment sector while noting regulatory and commercial hurdles for offshore FX/CFD firms.
Central Bank Decisions to Drive Forex Trading Volume
Finance Magnates reports that monetary policy announcements from the Federal Reserve, Bank of England, and Bank of Japan are anticipated to significantly boost trading volume for foreign exchange traders, particularly impacting ActivTrades.
Meritz Securities Integrates Benzinga News for Korean Investors
Meritz Securities has integrated Benzinga's Stock News API and Bulls Say Bears Say API into its MOUM investment platform, offering US equity news and analyst views to its Korean clientele to enhance trading and analysis tools.
Equiti Launches UAE Storefront for Retail Trader Engagement
Equiti has launched a physical storefront in Sharjah, UAE, becoming the first CFD broker to offer face-to-face assistance and build personal connections with local traders, according to a recent report.
Edgewater Markets Appoints Taurex Executive Tim Rudland
Edgewater Markets, an institutional broker and fintech provider, reportedly appointed Tim Rudland, formerly of Taurex, as its Head of Market Infrastructure, signifying continued international growth, particularly in the UAE.
AvaTrade Hires Exness Affiliate Chief for Cyprus Growth
AvaTrade has appointed Nir Iter, formerly of Exness, as its new Business Unit Director for Cyprus, where he will lead the company's affiliate and partnerships growth.
CITIC HK Licenses OTC Markets Group Data for US Equities
The article reports that OTC Markets Group has entered into a market-data licensing agreement with CITIC Securities Brokerage's Hong Kong division, enabling the brokerage to integrate US over-the-counter equity pricing into its trading platforms.
AvaTrade Expands Cyprus Operations with Exness Veteran Nir Iter
AvaTrade has reportedly appointed Nir Iter, previously with Exness, to lead its newly established operations in Cyprus, signaling an expansion of the company's presence.
Kudo Launches Weekend Gold Trading with 50 Ounce Position Limit
Kudo, a brokerage firm, has launched weekend gold trading for its clients, offering a new contract, XAUUSD247, which limits positions to 50 ounces, a detail highlighted by the source alongside a comparison with Ultima Markets' offering.
MultiBank Institutional Arm MEX Exchange Names New Revenue Chief
MultiBank Group's institutional trading platform, MEX Exchange, has appointed Brian Liedberg as Chief Revenue Officer and Global Head of Sales, marking the sixth senior hire in two weeks and the only external appointment for the recently launched ECN.
ABN AMRO Clearing Tokyo Joins Tokyo Commodity Exchange
LeapRate reports that ABN AMRO Clearing Tokyo has been approved as a Broker Trading Participant by the Tokyo Commodity Exchange, also securing an Energy Futures Clearing Qualification from Japan Securities Clearing Corporation.
FINRA Fines Colorado Financial $45K for Closed-End Fund Failures
FINRA has reportedly censured and fined Colorado Financial Service Corporation $45,000 for failing to adequately supervise recommendations related to high-risk closed-end funds over a two-year period.
FxPro Expands Trading Hours to Include Weekends
FxPro has introduced weekend trading for several instruments, including gold, oil, silver, natural gas, and the Nasdaq index, allowing clients to access these markets beyond traditional hours.
FTMO Acquires OANDA for $422 Million, CySEC Appoints New Chair
This week's financial sector news highlights FTMO's disclosed $422 million acquisition of OANDA, changes in CySEC's leadership, and various regulatory developments including Nigeria's proposed forex framework, alongside operational adjustments at IG Group and Valutrades.
UniCredit Explores Digital Asset Services for Banking
UniCredit Bank is reportedly exploring technology providers to facilitate its entry into digital asset services, including crypto trading, custody, and tokenized investment products, aiming to integrate these offerings into its existing banking operations.
OKX Lists OpenAI, Anthropic Pre-IPO Perpetual Futures in Europe
OKX has introduced new pre-IPO perpetual futures contracts in Europe, allowing traders to speculate on the valuations of private AI firms OpenAI and Anthropic with up to 10x leverage, according to reports.
FxPro Launches Weekend Trading for Gold, Oil, and Nasdaq
FxPro has expanded its trading offerings to include weekend trading for gold, oil, and the Nasdaq index, following a trend seen among other retail brokers.
FxPro Expands Trading Hours with Weekend Commodity and Index Access
FxPro has introduced weekend trading for certain metals, energies, and indices, providing clients with extended market access.
PrimeXBT Launches New Loyalty Program for Traders
Finance Magnates reports that PrimeXBT, a multi-asset broker, has unveiled its new "Rewards Center" loyalty program, designed to offer traders cashback and other benefits as they achieve various trading milestones and increase their volume across Forex, CFDs, and crypto.
CMC Markets launches 24/5 US share trading and fractional shares
CMC Markets has enhanced its CMC Invest platform for UK clients by introducing 24/5 trading in US shares and fractional share investments, allowing them to react to news and events outside standard hours.
Interactive Brokers Enhances Desktop Platform with ChartTrading
Interactive Brokers has introduced version 3.5 of its IBKR Desktop platform, incorporating new ChartTrading buttons and a dedicated Futures Trading Layout.
Eddid USA integrates tZERO for digital asset securities trading
Eddid USA has partnered with tZERO's regulated subsidiaries to offer its customers trading, clearing, and custody services for digital asset securities, according to the article.
Webull Acquires Pi Securities for $100 Million, Expands in Thailand
Webull has completed its acquisition of 99.36% of Pi Securities for approximately $100 million, securing approval from Thailand's Securities and Exchange Commission and expanding its presence in the Thai brokerage sector.
HSBC CFO Pam Kaur to Exit Role in 2027
HSBC Holdings plc has announced that Group CFO Pam Kaur intends to step down from her position in 2027.
CMC Markets Adds Fractional Shares to Overnight US Trading
CMC Markets has launched expanded 24/5 US share trading, including fractional shares and all order types, for its retail investment platform, CMC Invest, differentiating its offering from other brokers that might have more restrictive overnight trading conditions.
FP Markets Secures UAE Category 5 License
FP Markets MENA Securities has secured a Category 5 license from the UAE Capital Market Authority, enabling it to conduct marketing, promotion, and client introduction activities throughout the UAE.
StoneX Consolidates UK Retail Trading Under StoneX Trading Brand
StoneX Group is reportedly discontinuing the City Index brand in the UK, after 43 years, to introduce StoneX Trading, which will serve as the new identity for its retail leveraged trading business.
TIO Markets Adds 13 New Markets to Multi-Asset Offering
TIOmarkets has broadened its trading platform's available instruments by adding 13 new markets, encompassing global stock indices, commodities, and fixed income options.
Crypto Exchanges Become 'Everything Exchanges' with Traditional Assets
The article reports that major cryptocurrency exchanges, including Bitget, Coinbase, and Kraken, are increasingly evolving into "everything exchanges" by integrating traditional financial assets like stocks, forex, and commodities alongside digital assets, leveraging new infrastructure.
FP Markets Secures UAE CMA Category 5 License
FP Markets has obtained a Category 5 license from the UAE Capital Markets Authority, allowing it to operate in the region.
FP Markets Secures UAE CMA License for Regional Expansion
FP Markets, a global multi-asset Forex and CFD broker, reports obtaining a Category 5 License from the UAE's Capital Market Authority (CMA), which enables the firm to conduct marketing and client introduction activities in the region, according to the article.
AMC CEO Slams Robinhood Over Unauthorized Stock Tokens
FinanceFeeds reports on AMC CEO Adam Aron's vehement public opposition to Robinhood's issuance of AMC stock tokens without consent, which Robinhood defends as tokenized debt securities akin to CFDs.
Webull Expands in Thailand Post Pi Securities Acquisition
Webull Securities (Thailand) has successfully finalized its purchase of a 90.98% stake in Pi Securities Public Company Limited, with the Thai Securities and Exchange Commission's approval, signaling Webull's strategic growth in Thailand.
City Index Rebrands to StoneX Trading Under Parent Group
StoneX Group has announced the rebranding of its long-standing UK retail trading arm, City Index, which will now operate as StoneX Trading to better integrate it under the parent company's brand.
StoneX Retires City Index Brand Amid Retail FX Revenue Decline
StoneX Group is rebranding its UK retail FX and CFD offering from City Index to StoneX Trading, unifying its platforms under the parent company's identity while maintaining existing client accounts and services.
Bybit Integrates AI Chat to Enhance Trading and Account Management
Bybit, a major cryptocurrency exchange, has introduced "Bybit AI," a conversational AI assistant for trading and account management, building upon its previous integration of AI agents like ChatGPT and Claude to streamline user interaction with financial services.
Archax Secures US Broker-Dealer License via tZERO Infrastructure
Archax, a digital asset firm, has secured Financial Industry Regulatory Authority (FINRA) approval for its US subsidiary, Archax Markets LLC, enabling it to operate as a broker-dealer for private placements of digital and traditional securities, utilizing tZERO's infrastructure.
Robinhood Expands Prediction Markets Via Crypto.com, OG.com
The article reports that Robinhood has entered into a strategic collaboration with Crypto.com and OG.com to broaden its prediction markets offering, providing clients with access to event contracts routed through additional trading venues.
Robinhood Partners with Crypto.com to Expand Prediction Markets
Robinhood has announced a partnership with Crypto.com and OG.com to expand its prediction markets offerings, routing certain contracts through Crypto.com's CFTC-regulated exchange, ahead of the football season.
Bybit Expands Derivatives Offering with 24/7 FX Majors
Finance Magnates reports that Bybit has introduced 24/7 FX perpetual contracts, including EURUSDUSDT, GBPUSDUSDT, and USDJPYUSDT, which can be traded with up to 100x leverage through its Unified Trading Account alongside crypto derivatives.
FINRA Issues Award in DiRuzzo vs. Fidelity Brokerage Services Case
FINRA reports on a legal dispute where claimants Theresa DiRuzzo and IRA took action against Fidelity Brokerage Services LLC, leading to an award decision.
Robinhood Expands Prediction Markets with Crypto.com Acquisition
Robinhood is reportedly expanding its prediction markets by incorporating Crypto.com's contracts into its platform and acquiring minority stakes in both Crypto.com and its prediction-markets entity, OG, as part of a multiyear agreement.
Archax Secures US Broker-Dealer License, Completing Global Reach
Archax Group has secured regulatory approval for its US subsidiary, Archax Markets, to operate as a digital broker-dealer, thus completing its regulated coverage across key regions including the UK, EU, and US.
Robinhood Invests in OG.com for New Prediction Markets
Robinhood has partnered with prediction market platform OG.com, taking an equity stake, to serve as infrastructure and clearing for its new Prediction Markets offering for US customers.
PU Prime Enters Australian Market Via Admirals Acquisition
PU Prime has commenced operations in Australia, onboarding local clients through an entity previously known as Admirals AU Pty Ltd, which holds an Australian Financial Services Licence, following its acquisition in late 2024.
Ultima Markets Launches Weekend Gold CFD for MT5 Trading
Ultima Markets has introduced a weekend Gold CFD product, XAUUSD247, becoming the fourth broker to offer this specific ticker for trading on MetaTrader 5, following earlier launches by Vantage and VT Markets.