Like almost all areas of commerce and finance, the Retail FX and CFDs industry has had its eyes focused on t
Like almost all areas of commerce and finance, the Retail FX and CFDs industry has had its eyes focused on the Trump Tariffs for the past week, and the volatility being caused in their wake in the financial markets. And this is likely to continue for the foreseeable future.
So it is no surprise that our top stories of the week on FNG are related to the markets and their reaction to what might (or, might not) be a trade war between the US and China, and possibly the rest of the world.
Why did social trading focused online broker eToro delay its IPO roadshow?
How did the shares of publicly traded online brokers do in all the market mayhem?
Which leading CFDs broker (likely among others) reported record client trading volumes resulting from all the volatility?
Which is the latest Retail FX and CFDs broker to get a full UAE SCA Category One license?
Some of the most read and commented-on FX/CFD industry news stories to appear over the past seven days on FNG included:
Top FX and CFDs industry news stories this week
eToro postpones IPO roadshow. eToro’s IPO roadshow, the one to two week meet-and-greet with large public market investors which was to begin this week ahead of a planned pricing of eToro’s IPO later this month, is being postponed, alongside other IPOs (StubHub, Klarna…). Why is the offering being delayed? At what valuation was eToro going to try to go public? What size offering was planed?
Shares of publicly traded online brokers drop 10% after Trump Tariffs cause market mayhem. Although last Thursday April 3 and Friday April 4 will end up being two of the most profitable days of the year for many CFDs brokers, publicly traded online brokers were not spared in the broad equity market selloff. Which brokers saw their share prices drop by more than 10% last Thursday and Friday? Which dropped by 19%?
MultiBank sees record $55.85 billion of client trading volume on April 3. Dubai based Retail FX and CFDs broker MultiBank Group has announced a historic milestone—on April 3, 2025, the Group recorded its highest ever single day trading volume, surpassing USD $55.85 billion. The company said that this record-breaking achievement marks a strong start to the second quarter for the group, with an impressive unparalleled average daily trading volume of over USD $35 billion during the first four trading days of April.
CFDs broker Traze gets UAE SCA Category One License. Retail FX and CFDs broker Traze has announced that the company’s Traze Securities LLC subsidiary in Dubai has received a full Category One License from the UAE’s Securities and Commodities Authority (SCA). The new license allows Traze to act as a Trading Broker in the international markets, and as a Trading Broker of OTC derivatives and currencies in the spot market. Traze, part of the Zeal Group, is controlled by Chinese national Yun Chen.
CySEC reaches €200k settlement with Colmex Pro. The Cyprus Securities and Exchange Commission (CySEC) today announced a €200,000 settlement with Cyprus investment firm Colmex Pro. The settlement concerns possible violations of the Investment Services and Activities and Regulated Markets Law of 2017 (‘the Law’) and the Regulation (EU) Νο. 600/2014. The settlement reached with the Company for the possible violations is for the amount of €200,000, which the Company has already paid.
Top FX industry executive moves this week
❑ Exclusive: Exinity hires Liquidity.net Managing Director Mukrram Ali.
❑ Exclusive: Taurex hires FXCM / ForexVox alum Angus Irvine to head Compliance.
❑ Exclusive: Doo Group exec Muhammad Hasnain moves to CPT Markets as Sr BizDev Manager.
❑ Exclusive: IG Group partnerships head Alex Ratford departs.
❑ Exclusive: Daman Markets hires IG exec Meenaz Sayyed as VP of Sales.
❑ GTN hires Arqaam Capital exec Sham Treon as Chief Risk Officer.
❑ Acuity Trading hires Seamus Keaveney as VP Sales.
❑ eToro risk management head Shir Shalom departs.
❑ oneZero appoints former LSE CIO Ann Neidenbach to its Board.
❑ DB Investing hires AUS Global exec Gad Elkareem to head BizDev.
fxnewsgroup.com