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Exness sets GUINNESS WORLD RECORDS™ title at Mount Kilimanjaro summit
Exness, one of the world’s largest multi-asset brokers, has set a GUINNESS WORLD RECORDS title for delivering the Highest Altitude Trading Risk Awareness Lesson at the summit of Mount Kilimanjaro. The record is part of Reaching New Heights, a global Exness community initiative that brings together employees from across its offices to take on a series of physical and mental challenges, culminating in the Kilimanjaro ascent.Record under extreme conditionsThe lesson was conducted at Uhuru Peak, approximately 5,895 meters above sea level, and lasted over 30 minutes. Delivered under extreme high-altitude conditions, the expedition reinforced the importance of disciplined decision-making in environments where pressure is both physical and mental.The summit phase presented a range of challenges, including reduced oxygen levels, low temperatures, and sustained fatigue. These conditions were most pronounced during the final summit push, where maintaining focus and coordination was essential. Despite these factors, the team successfully delivered a structured session at the highest point in Africa.A global employee culture initiativeThis GUINNESS WORLD RECORDS title marks the final stage of a year-long initiative. Exness’ employees participated in a structured progression of challenges, from local hikes to high-altitude expeditions such as the one undertaken in Borneo. The initiative reflects Exness’ emphasis on discipline, preparation, and performance under pressure. Delivering a technical lesson in such conditions underscores the importance of maintaining consistent trading risk awareness, regardless of external circumstances.“This initiative demonstrates how we approach performance,” said Martin Thorvaldsson, Exness Community Director. “Preparation, discipline, and clarity under pressure matter most when conditions are challenging, but they guide us in every environment. Ultimately, it reflects the strength of the team behind it. When people support each other and operate with the same high standards, performance becomes consistent, and that is what drives how we grow and succeed together.” "Our Exness group didn't discover their limits on Kilimanjaro; they discovered how far beyond them they could go when they pushed together," Alexis Economides, Exness Sports Manager, continued.The performance driver Team coordination was a key factor throughout the expedition. Participants supported each other during the most demanding stages of the climb, particularly during summit night, where maintaining pace and focus required continuous alignment.The GUINNESS WORLD RECORDS title forms part of the broader “Reaching New Heights” initiative, which was designed to strengthen collaboration and reinforce shared principles across a global organization.About ExnessExness uses a combination of technology and ethics to raise the industry benchmark and create favorable conditions for traders. It offers clients a frictionless trading experience through its superior, proprietary platform and unique market protections, allowing traders to experience how the markets should be.
This article was written by FM Contributors at www.financemagnates.com.
“Culture Creates Bridges Where Politics and Business Often Fall”: Cyprus Diaspora Forum 2026 Opens
The 2026 edition of the Cyprus Diaspora Forum is taking place over
four days from May 6 to May 9 at the Amara Hotel. The forum brings together
business leaders, policymakers, investors, entrepreneurs, and members of the
global Cypriot diaspora. The discussions focus on finance, technology,
innovation, diplomacy, and entrepreneurship.Singapore
Summit: Meet the largest APAC brokers you know (and those you still don't!).The event opened yesterday (Wednesday) with a VIP ceremony. The opening
night included musical performances, a fashion presentation, and a drone light
show. The main conference sessions began on May 7.View this post on InstagramA post shared by Finance Magnates (@financemagnates_official)The programme also lists Finance Magnates
among the exhibitors and includes participation from its editorial and
marketing representatives in content and branding discussions.Cyprus
Pushes Hub Strategy Through FinanceA large part of the programme is focused on Cyprus’ strategy to position
itself as a regional hub for business and financial services. The aim is to
connect Europe, the Middle East, and Asia through investment and innovation
flows.The agenda for the first day includes sessions on financial technology,
banking innovation, and regulatory change. Topics include “Fintech and Banks:
Impact and Innovations in Financial Technology,” “Strategic Wealth Management
in Cyprus: Protection, Mobility and Crypto in an Era of Volatility,” and
“RegTech and AI: Shaping the Future of Compliance and Regulation.”These
sessions focus on how financial systems are adapting to new technologies,
digital assets, and regulatory pressure.Speakers
Span Finance Tech and GovernmentOther discussions cover payments systems, artificial intelligence in
markets, cybersecurity, and cross-border investment. Several panels also
address startup development, entrepreneurship, and international cooperation.
Regional themes involving the Gulf countries, India, Central Asia, and the
European Union are included in the programme.Speakers include representatives from government bodies, investment
firms, legal practices, technology companies, and financial service providers.
Participants listed in finance-related sessions include executives from Athlos
Capital, ATG Funds, ISX Financial, and BitDelta.Fireside
Talks Cultural and Innovation EventsA Startup Launchpad is scheduled for May 8. Early-stage and scaling
companies will present their projects to investors and support organisations.
These include KPMG Cyprus, Cyprus Seeds, and 33East. The programme also
includes a masterclass on building and operating an EU technology hub in
Cyprus.The forum will host fireside conversations with Theo Paphitis and John
Kiriakou on May 8.Cultural elements are also part of the programme. These include a film
pitch for The Summer Will Come, a fashion presentation by Michalis
Pantelidis, and discussions on arts, media, and cultural identity.Additional sessions focus on sports diplomacy, SportsTech, tourism,
healthcare innovation, education, and talent repatriation. These discussions
aim to address how Cyprus can attract skilled professionals from abroad.
This article was written by Tareq Sikder at www.financemagnates.com.
Why Is Gold Surging Today? XAU/USD Price Tests Monthly Highs as Wells Fargo Predicts +$6K per Ounce
Gold traded
at $4,753 per ounce on Thursday, May 7, 2026, rising more than 1% and extending
Wednesday's strongest single-session gain in over five weeks as XAU/USD tested
the 50-day exponential moving average from below for the first time since the
late-April selloff. Spot now
sits roughly 15% below the $5,595 January 29 all-time high but back inside the
upper half of the multi-month consolidation that has defined trading since the
Iran war began in late February. The drivers
are textbook: falling long-term Treasury yields, a softer dollar, and renewed
optimism around US-Iran negotiations easing energy-shock concerns. This week's
catalysts ahead include US employment data and any concrete progress on
diplomatic talks. Follow
me on X for real-time market analysis: @ChmielDk.Why Gold Is Surging? Treasuries,
Dollar, Iran De-EscalationThe bid has
three macro components, each independently weakening the headwind that has
capped gold since the March crash. Ten-year Treasury yields softened from the
4.4% area, the dollar index slipped from above 98, and Brent crude dropped
roughly 8% on Wednesday on US-Iran negotiation reports, reversing the inflation
premium that had kept the Federal Reserve frozen."Gold advanced
further on Thursday after surging in the previous session, supported by falling
long-term Treasury yields and a softer US dollar," said Bas Kooijman, CEO
and Asset Manager of DHF Capital S.A. Kooijman attributed the move to
"growing optimism surrounding a potential agreement between the United
States and Iran" easing fears of a prolonged energy shock. Lower
yields cut directly into the opportunity cost argument that drove the April
selloff: when ten-year real rates compress, the cost of holding a non-yielding
asset compresses with them.The
dollar's softness reinforces the move. Spot has gained more than 1% in dollar
terms today but sits up roughly 1.5% to 2% in trade-weighted terms, a gap that
signals the bid is not purely a currency reflex. As the FinanceMagnates.com report from
Monday detailed,
the same consolidation between the $4,300 EMA cluster and the $4,840 April
highs that defined last week is now being tested from the bull side rather than
the bear side.Key
macro drivers behind the surge:Ten-year Treasury yields softened from the 4.4% level,
easing the opportunity-cost headwind on non-yielding assetsUS dollar index slipped below 98, reducing the
FX drag on gold for non-dollar buyersBrent crude fell roughly 8% on Wednesday
on US-Iran de-escalation signals, cooling the inflation premiumFed expectations marginally tilted back toward
easier policy as the energy-shock pass-through fadesThe Three-Phase Demand
Thesis Behind the BidThe macro
story alone does not explain why gold has held above $4,300 through nine
sessions of falling oil and rising yields in late March. BloFin Research's
three-phase demand framework argues the floor under the cycle is not a single
buyer but three structurally independent layers operating in sequence."Reserve
allocation is strategic: driven by portfolio rebalancing and de-dollarisation,
not price momentum," BloFin Research wrote in its three-phase thesis.
Central bank buying ran above 1,000 tonnes annually for three consecutive years
from 2022 to 2024 before moderating to 863 tonnes in 2025, per World Gold
Council data. Western
institutional flows returned in 2025 with 801 tonnes of ETF inflows but remain
structurally under-allocated: gold accounts for roughly 0.17% of US private
financial assets versus a 1% to 2% historical norm.The third
phase is the underreported one. Tether's USDT reserves include approximately $20 billion
in gold, roughly 10% of the stablecoin's $190 billion reserve pool. The GENIUS Act passed in May 2026 requires compliant US issuers to
back stablecoins with cash or short-dated Treasuries, explicitly excluding
gold, leaving offshore Tether free to keep accumulating physical metal that
domestic competitors cannot. Tokenized
gold supply has doubled in the past six months to roughly 35-40 tonnes
outstanding, a small absolute number but a 100% growth rate from a base that
did not exist in any prior gold cycle.Gold Technical Analysis:
50 EMA Resistance, 200 EMA FloorSpot is
testing the 50-day exponential moving average at $4,753 from below for the
first time since the late-April selloff. The session is the cleanest bull setup
the daily chart has produced since the early-April US-Iran ceasefire bounce,
but a single-day touch is not a confirmed break.In the 15
years I have covered gold and forex markets, documented across my analyst page, two-EMA brackets like this one have a habit
of releasing in one direction with momentum disproportionate to the trigger
event. Either the
50 EMA gives way to the upside or the 200 EMA gives way to the downside, and
both averages combined with the horizontal levels are currently keeping price
in consolidation. The same setup framed my March 25 reversal call at the 200 EMA pin bar that
anchored the post-crash recovery.The
directional logic on my chart:A daily
close above $4,850 reopens the path toward the $5,600 record-high zone tested
on January 29. A weekly close below $4,350 invalidates the consolidation and
reactivates the $3,400 Fibonacci extension scenario detailed in my April 28 analysis. My bias
today is neutral-to-bullish inside the range, with the 50 EMA the trigger I am
watching.Gold Price Predictions:
Where The Banks StandWall Street
year-end 2026 targets cluster between $5,000 and $6,300, a 5% to 32% upside
from current spot. The dispersion narrowed after the March crash and has
tightened further since the April-May consolidation held the 200 EMA."Any
setback in negotiations could quickly reignite global inflation fears, driving
yields higher and weighing on bullion," DHF Capital's Kooijman cautioned,
framing every prediction in the table as path-dependent on Iran diplomacy and
the Fed's tolerance for sticky inflation.UBP's rebuild of bullion to roughly 6% of
discretionary client portfolios, up from the 3% trough, is the kind of
positioning data that confirms institutional flows are returning to the second
of BloFin's three demand phases.Gold Price, FAQWhy is gold surging today?
Gold is
rising more than 1% to $4,753 on Thursday, May 7, 2026, on three converging
signals: ten-year Treasury yields softened from the 4.4% area, the dollar index
slipped below 98, and Brent crude fell roughly 8% Wednesday on US-Iran
de-escalation reports. Lower yields and a softer dollar reduce the opportunity
cost of holding a non-yielding asset, while easing oil prices cool the
inflation premium that kept the Fed frozen through April.How high can gold go in
2026? Wall Street
year-end targets range from JPMorgan's $5,000 base case (with $6,000 as a
stretch scenario tied to a 0.5% diversification of US foreign asset holdings)
to Wells Fargo at $6,300 and UBP at $6,000. State Street assigns 50%
probability to a $4,750-$5,500 base case. My chart targets a $5,600 retest if
$4,850 breaks on the upside, leaving room for $6,000-$6,300 only with sustained
Fed easing.What is the next gold
price target on the chart? Immediate
resistance is the 50 EMA at $4,753, which spot is testing today for the first
time since late April. A daily close above $4,850 (the February 17-18 lows
cluster) reopens the path toward the $5,600 January 29 all-time high. On the
downside, $4,500, $4,400, and $4,350 (the 200 EMA cluster) are the sequential
supports, with a weekly close below $4,350 the bull-bear trigger.Will gold break $5,000
again? Gold last
traded above $5,000 in early February before the Iran-war-driven March crash.
JPMorgan's base case has gold reclaiming $5,000 by year-end 2026. My chart sees
$5,000 as a midpoint between the 50 EMA at $4,753 and the $5,600 record,
reachable on a clean break of $4,850 with continued Fed dovishness and dollar
softness. A weekly close below $4,350 would push that timeline into 2027.
This article was written by Damian Chmiel at www.financemagnates.com.
Match‑Trader to Introduce Prediction Markets to APAC Brokers at FM Singapore Summit
Match‑Trade Technologies, the company behind the Match‑Trader trading platform, will be attending the FM Singapore Summit on 12–14 May 2026 to showcase how brokers, prop firms, and financial institutions across APAC can diversify their offering and open up growth opportunities through its latest product launch: Prediction Markets.The newly introduced, broker-ready solution is positioned as a timely response to increased attention around event‑based markets across finance, crypto, politics, sports, entertainment, and more. It can be deployed either as a dedicated module within Match‑Trader or as a standalone white‑label product, enabling different go‑to‑market strategies depending on brand and distribution needs.Built as an end‑to‑end stack, Match‑Trader Prediction Markets groups events by category and presents outcomes in a clear format supported by real‑time probability and price charting. Traders can monitor positions with live P&L and settlement is fully automated on event resolution – winning positions close at 1, losing positions at 0, with no manual intervention required. The user experience remains intentionally simple with yes/no decisions, one‑click execution, and a mobile‑first interface, while brokers retain direct control over fees and risk parameters.What sets Match‑Trader apart is its hybrid architecture. Brokers can run Prediction Markets, FX trading, and prop trading within a single ecosystem, not only broadening the product offering and diversifying revenue, but also using event-driven markets as a new engagement and acquisition channel that attracts audiences beyond traditional traders.“APAC brokers are under real competitive pressure to differentiate and grow faster than ever before. Match‑Trader gives them a genuine edge – whether they’re launching FX operations from scratch, scaling prop businesses, or now adding Prediction Markets. It’s one platform that can grow with them at every stage,” said Qi Xue, Institutional Sales (APAC) at Match‑Trade Technologies.While Prediction Markets will define Match‑Trader’s presence at the summit, the team will also use the occasion to present two recent enhancements to the platform: a rebuilt Match-Trader charting suite with expanded drawing tools, pattern recognition, and precision measurement features; and a newly extended Prop CRM–MetaTrader 5 integration that supports challenge-based prop trading programs on MT5 execution and keeps every aspect of the entire prop operation – from challenge lifecycle to affiliate tracking – consolidated inside one CRM.Match‑Trader with its all-new upgrades will be available for live demos throughout the FM Singapore Summit. Visit booth 19 to see Prediction Markets in action and explore how the Match‑Trader multi-asset trading platform can help strengthen and scale businesses ranging from startups to established firms.Book a meeting with Match-Trader experts.About Match‑Trade TechnologiesFounded in 2013, Match-Trade Technologies is a global provider of trading technology for forex brokers, prop trading firms, and financial institutions. Its flagship Match-Trader platform supports flexible deployment models, including a standalone platform, back-end technology for proprietary front ends, and add-on environments for brokers offering FX and prop trading services. Match-Trade delivers end-to-end brokerage infrastructure, including white-label trading technology, server licence, prediction markets, CRM and client office tools, liquidity and market data connectivity, and a broad ecosystem of external integrations for firms ranging from startups to established brokers.
This article was written by FM Contributors at www.financemagnates.com.
The Great Trading Boom: Why Brokers Must Act Now to Stay Relevant
The retail trading industry has seen a change in the wind in 2025, with trading volumes skyrocketing to nearly $308 billion amassed in US equities alone. According to investment firm Webull, this marked a 14% increase in retail capital inflows versus the 2021 “meme stock” peak. This uptrend fed into 2026, as retail traders sought to capitalise on liquidity surges and AI agents to generate even more volume. This would have been impossible a decade ago.As retail traders and investors are gradually claiming their position at the roundtable of market participants, they also expect the same level of access. This is a structural shift in who participates in the financial markets, and, most importantly, what they expect from financial service providers.For brokers, this moment represents both an extraordinary opportunity and a genuine threat. Those who move decisively to meet this new generation of traders on their terms will capture durable market share. What’s driving the surge?Several forces have converged to produce today's retail trading renaissance. Commission-free trading, once a radical proposition, is now the baseline expectation across the industry. Smartphone-native platforms have made market access as frictionless as ordering a meal. And a generation of younger investors, the majority of whom entered the markets during the lockdown period, have remained engaged, graduating from speculative plays into more sophisticated, diversified strategies.Macroeconomic volatility has also played a significant role. Elevated interest rates, geopolitical uncertainty, and rapid technological disruption have kept markets moving and kept traders watching. Meanwhile, the explosion of financial content across social media, podcasts, and dedicated trading communities has created an always-on information ecosystem that continuously feeds retail curiosity and confidence.The result is a trader who is more informed, more active, and more demanding than any previous generation. They expect real-time data, seamless execution, and platforms that feel responsive to their individual behaviour.What it means for brokersThe revenue implications of sustained high trading volumes are significant, but they are not automatic. Brokers operating on spread-based and order-flow models benefit directly when activity is elevated. Greater volume translates to greater revenue potential, but only if the trader stays on the platform long enough to realise it.This is where the structural risk lies. Acquisition costs across the industry have risen sharply as competition for new traders intensifies. Yet many brokers continue to invest disproportionately in bringing users through the door while underinvesting in keeping them there. A trader who signs up, makes a handful of trades, and then migrates to a competitor represents a high net cost. On the broker’s side, this equates to long-term revenue loss. That’s why nailing retention is not a secondary consideration.Why real-time engagement is non-negotiableThe brokers best positioned to capitalise on the trading boom share a common characteristic: they have invested heavily in the infrastructure needed to engage traders in real time, based on individual behaviour rather than generic segmentation.This means knowing when a trader has been inactive for seventy-two hours and triggering a personalised, contextually relevant prompt to bring them back. It means identifying when a client's trading patterns suggest they are ready to explore a new asset class and surfacing the right educational content or product at exactly the right moment. It means being present at the point of decision, not forty-eight hours later in a batch email campaign.The technology to do this exists. AI-driven behavioural analytics, dynamic push notification systems, and real-time event triggers have matured to the point where they are accessible not just to the largest institutional players but to mid-market and specialist brokers as well. Platforms purpose-built for the trading sector, such as Solitics, which specialises in real-time data activation for brokers, have demonstrated that instant responsiveness is the difference between converting or retaining traders by engaging them at the moment of intent and losing them to a competitor. With Solitics, real-time engagement becomes achievable without any technical limitations or data complexity associated with traditional marketing automation tools.The window is open, but not foreverTrading booms do not last forever in their current form. Volumes will eventually normalise, competitive dynamics will shift, and the marginal retail trader who entered markets in the last cycle will make a decision about whether to stay invested in the habit or let it fade.This is precisely where platforms like Solitics are proving their value. Its customer engagement platform allows brokers to orchestrate hyper-personalised trader journeys, drawing on real-time behavioural data, predictive AI, and live market signals to engage each client at exactly the right moment. Predictive models flag churn risk before it materialises, giving brokers the window to intervene with relevant, timely content rather than a generic win-back campaign sent too late. Brokers deploying the platform have reported consistent increases in engagement rates, monthly retention, and deposit volumes. And with a guaranteed integration time of up to 45 days, the barrier to entry is lower than most expect.The brokers who act now, building the engagement infrastructure that turns active traders into loyal, long-term clients, are the ones who will own this market when the dust settles.
This article was written by FM Contributors at www.financemagnates.com.
CFI Opens Bogotá Office, Names Colombia Manager Nine Months After SFC Nod
CFI
Financial Group has switched on its Colombian operation, opening a Bogotá
office and installing Simon Knudson as country manager of the local unit nearly
nine months after Colombia's Financial Superintendence cleared the firm to set
up shop in the country.Singapore Summit: Meet the largest
APAC brokers you know (and those you still don't!)The launch
turns last summer's regulatory green light into something operational, and
lands as a growing list of international brokers crowd into the same market.Competition Heats Up for
Colombia's Retail Market"Colombia
is an important market for the Group," Ziad Melhem, group chief executive
of CFI, said in the company's announcement. He pointed to "strong momentum
across Latin America" and to a new generation of traders entering the
market.CFI is far
from alone in betting on Colombia. The SFC waved through Plus500's first Latin American
office on August
19, 2025, days before CFI got its own approval on August 28. Australian broker ACY
and Libertex Group's Mauritius-based offshore brand LBX followed within the
same week.Ireland-headquartered
AvaTrade got there earlier, securing SFC authorization in 2024
and using Colombia as a beachhead for the wider region. Group CEO Daire
Ferguson said at the time that the approval was a "crucial step" in
AvaTrade's global push.The pile-up
reflects how Colombia's representative-office regime works in practice. The
license does not let foreign brokers solicit deposits or accept orders
directly, but it allows them to promote products approved under local rules and
build a domestic team without setting up a fully capitalized local
broker-dealer. That
structure has made Bogotá a relatively low-cost test market for firms wanting
to plant a flag in Latin America before committing to a deeper local entity.Knudson Steps In to Run
the Local UnitKnudson
will run CFI Colombia S.A.S out of Bogotá. He inherits an operation positioned
to cross-sell CFI's multi-asset CFD lineup to Colombian residents, supported by
what the company describes as fast and reliable execution and a "seamless
client experience", corporate language that, in practice, will be tested
against the offerings already pitched by Plus500, AvaTrade, and a clutch of offshore rivals.Knudson said
clients want platforms that are "both accessible and dependable" and
that his team would focus on a "smooth, efficient experience by strong
technology and a local team that understands the market." Latin America Push Builds
on Brazil LicenseThe
Colombian launch fits into a busier regional roadmap. Last week CFI secured a brokerage license from
Brazil's central bank
to operate as a Corretora de Títulos e Valores Mobiliários, taking the group's
regulatory footprint to 15 jurisdictions worldwide. Brazil has
not been a one-way street for everyone. Warsaw-listed XTB obtained Brazilian
approval earlier in 2025 only to suspend new account openings and weigh
a full exit, citing what it called local protectionist measures.CFI has
been pairing its licensing push with rising activity numbers. The group
reported $2.3 trillion in first-quarter
trading volume for
2026, up 11% from the previous quarter and 81% year-over-year, according to FM
Intelligence. Active clients rose 18% over the same period.
This article was written by Damian Chmiel at www.financemagnates.com.
"Watchdogs Need to Both Bark and Bite": Joe Longo Defends ASIC's Aggressive Tilt in His Final Speech
Outgoing
ASIC Chairman Joe Longo used his final speech in the role to call for a ban on
unlicensed communications about superannuation, naming the lead-generation
pipelines that have funnelled customers into worthless schemes as a form of
"industrial-scale misconduct" targeting Australian retirement savers.Singapore Summit: Meet the largest
APAC brokers you know (and those you still don't!)Longo Uses Final Speech to
Target "Industrial-Scale" Super FraudSpeaking at
the Financial Counselling Australia Conference in Cairns today (Thursday),
Longo said the cold-call and online channels exploiting Australia's roughly A$4
trillion super system have produced cases where everyday savers "signed up
for a free super check have instead lost their life savings". He urged
the federal government, which is consulting on options, to act at the source
rather than chase individual operators after the damage is done.The Chairman
argued super advice should sit behind the same licensing wall that applies to
other regulated professions, with anyone marketing such decisions to retail
customers required to hold proper credentials before being allowed near another
person's retirement money.Lead-Generation Mills Tied
to Shield, First Guardian CollapsesThe
proposal builds on ASIC's broader push against the referral networks that fed
investors into two of the highest-profile failures of Longo's term. The
regulator has tied much of the activity around the Shield Master Fund and the First Guardian Master Fund to telemarketers and lead
generators that pushed customers to roll their superannuation into self-managed
funds before steering them into the now-frozen products.Longo said
roughly A$421 million has been returned to investors in connection with those
two cases so far, with enforcement against trustees, advisers and referral
firms still working through the courts."If a
model thrives on pressure, opacity, or harm, ASIC will step in," he said,
signalling that the regulator's appetite for action against lead-generation
operators is not winding down with his term.The push
also follows ASIC's public alert about cold-calling
super scams issued
last year, which told consumers to be on red alert for high-pressure switching
offers. Longo's
argument is that consumer warnings alone do not work when the underlying
lead-generation business model remains legal.“Watchdogs Need to Both
Bark and Bite”Longo also
pushed back on suggestions in some industry quarters that ASIC should resolve
more matters quietly. "Watchdogs need to both bark and bite to be
effective," he said, defending the public-facing enforcement posture that
has defined his tenure."Confidence
is the true currency of the financial system," Longo added, arguing that
visible court action rather than private settlement is what restores public
trust after large-scale misconduct.The Chairman
recapped an enforcement build-out that has more than doubled the number of
formal investigations ASIC runs each year and roughly quadrupled the value of
penalties obtained. About A$411
million in civil penalties has been secured so far in the current fiscal year,
following the regulator's record A$583 million returned to
consumers in the
second half of 2025.AI and Agentic Tools
Reshape the Scam ThreatOnline
fraud disruption was another running theme. ASIC has taken down close to 12,000
phishing and investment scam websites in the past year, building on a scam-site removal program that crossed 7,000 takedowns in the
previous fiscal year.Longo
flagged agentic AI as the next pressure point for the regulator. "No
one was talking about agentic AI 12 months ago," he said, predicting that
autonomous tools would push scam volumes higher rather than lower into 2026 by
lowering the cost of building convincing fake platforms at scale.Sarah Court Takes Over in
JuneDeputy
Chairwoman Sarah Court will succeed Longo when his term ends next month,
becoming the first woman to lead ASIC since the agency was established in
1991. Court has
led several of the most prominent enforcement actions of the past two years,
including ASIC's A$250 million penalty case against ANZ and the Federal Court
proceedings tied to Shield Master Fund parties.Longo, an
Italian-Australian lawyer who took the Chairman role in 2021, framed his
farewell as a handover rather than a wind-down. He said the
agency will publish reports later this year on debt management, debt collection
and motor vehicle financing, three areas the commission has flagged as next
priorities under Court.
This article was written by Damian Chmiel at www.financemagnates.com.
No Trading 212, No AJ Bell: The UK's Investment Campaign Aims at the Wrong Audience
Investment Campaigns Need to Get RealThe reaction to the UK government’s latest attempt to attract first-time investors highlights a serious flaw in the way investing is promoted.Singapore Summit: Meet the largest APAC brokers you know (and those you still don't!)Late last month saw the launch of the ‘Invest for the Future’ campaign, which has been described as the first coordinated industry-wide effort to change how investing is understood, discussed and adopted.The initiative is supported by HM Treasury, the Financial Conduct Authority and the Money and Pensions Service. However, its funding comes from the industry – and this is where the problems start.The UK-based financial services firms funding the campaign include blue-chip names such as Aviva, Fidelity International, Jupiter, L&G, Quilter, Schroders, St James's Place, Barclays, NatWest, Hargreaves Lansdown and Vanguard. But what about lower-cost options that are aimed at the more modest investor?One of the flaws of a campaign backed by the largest investment firms is that they have no incentive to drive business towards platforms that are more suited to absolute beginners. The likes of AJ Bell and Trading 212 are conspicuously missing from the campaign, apparently because they felt the cost of participation was prohibitive.Big money campaign, backed by the ChancellorNo websiteNo QR code'Find out' But find out where??♂️ pic.twitter.com/PcRcUZu9cH— David Hearne, CFP™ (@dontdelay) April 23, 2026One investment manager pointed to this as yet another example of incumbents seeking to maintain control of an industry that refuses to embrace innovation.“The younger generation are already using innovative, user-friendly (and yes, cheaper) options,” he says. “There is an entire generation who are actively interested investors supplementing their income/savings by engaging with these cool, easy-to-use platforms. The mission is to make these platforms more informative so that investment decisions can be made on that basis as opposed to shorter-term trading.”Discussions around this topic reference a number of platforms that could provide a more effective bridge between nervous investors and equity markets, including Freetrade, Dodl from AJ Bell and InvestEngine.PT Barnum might have said that there is no such thing as bad publicity – but in this case I would beg to differ. Directing first-time investors with relatively small sums towards firms that typically handle six-figure portfolios runs the risk of further alienating those who feel investing simply isn’t for them.Don’t Believe Everything You ReadOne unwanted side effect of educational campaigns that miss the mark is that they drive the unwary further into the arms of finfluencers.There are a number of steps you can take to establish the credibility of someone claiming to have unique insight into the world of investment. For example, if you are looking for advice from someone who is authorised by their financial services regulator, these regulators will typically maintain a register of advisers.One of the ways in which finfluencers get around the authorisation issue is to present themselves as a ‘money coach’, a generic term that gets around the need for qualifications or regulatory compliance. But these individuals should only share information and have absolutely no authority to offer investment advice.Related: The UAE Regulated Finfluencers First. Now Comes the Hard Part.Many of the illegal promotions taken down by regulators during their periodic crackdowns on finfluencers involve payments to these individuals to promote a particular investment or platform. There is no such thing as a free lunch here, so it would be naïve to think they are not being compensated for their endorsement.The best way to avoid falling victim here is to do your research. See what other people are saying about this asset or platform, and if you are not convinced, walk away. Rather than clicking on links from social media sites, do a company search to make sure it is legitimate.This is not to say that finfluencers are an entirely malign influence. There are individuals who are genuinely committed to making finance more accessible to underserved groups rather than pushing get-rich-quick schemes, and they make it clear that all investment comes with some degree of risk. A few simple checks can help sift out the good from the bad.Blinded by the Benchmark?Now that you are a confident investor, it’s time to tie your financial future to a market index, sit back and watch the cash roll in, right?Well, not exactly – at least according to RBC BlueBay, which argues that benchmark-level returns can conceal widening differences beneath the surface and that portfolios aligned to the same benchmark may appear similar but behave very differently in practice.When an index becomes highly concentrated in a small number of stocks, investors who assume it represents maximum diversification may be taking more risk than they realise.Concentration is only one way in which benchmarks can change. Sector and country exposure have shifted too, says Habib Subjally, senior portfolio manager and head of global equities. “Technology now represents roughly double the share of global indices than it did a decade ago, while the US accounts for around 72 per cent of the MSCI World Index,” he says. “People assume they’ve got maximum diversification and often they don’t.”As the biggest companies outperform, their weight in cap-weighted indices rises. Passive inflows then direct more money towards those same stocks, reinforcing their dominance. Gradually, a ‘neutral’ portfolio can become increasingly concentrated.The consequences of this become clearer when volatility returns, and markets fall. Maria Satizabal, portfolio manager in multi-asset credit and asset allocation, points out that two portfolios tracking the same benchmark can deliver markedly different outcomes depending on design and risk management.“Clients don’t experience benchmarks,” she says. “They experience drawdowns.” These are the periods when portfolio values fall sharply and take time to recover.Part of the issue lies in benchmark construction - in bond markets, benchmark weights are determined by the amount of debt outstanding. “Those issuers with the highest weights are those with the most debt,” says Satizabal. “That doesn’t automatically mean they are the strongest credits.”Other risks can be less visible until markets come under pressure. Liquidity can evaporate just when investors most need it, and bonds that look investment grade can be downgraded in weaker conditions. Benchmarks provide an anchor, concludes Satizabal, but investors need to analyse drawdown, volatility in stress conditions and liquidity resilience.
This article was written by Paul Golden at www.financemagnates.com.
CMC Markets Appoints Angela Hayward as ANZ Corporate Distribution Head, Expanding CapX Beyond UK
CMC Markets has appointed Angela Hayward as Head of
Corporate Distribution for New Zealand, as the brokerage expands
its capital markets division beyond the UK. The move signals the firm’s effort
to establish a stronger presence in the region amid changing capital raising
conditions.Singapore Summit: Meet the largest APAC brokers you know (and those you still don't!).Expansion Beyond the UKHayward joins CMC CapX, the firm’s capital markets arm
that connects companies raising funds with investors across public and private
markets. CMC CapX sits inside CMC Markets as a dedicated capital
markets and private investments platform that focuses on capital raising and
investor engagement, rather than leveraged trading.First rolled out in 2022, CMC CapX has also introduced tools such as
Spotlight service, which allows listed issuers to communicate directly with
retail investors and broaden their shareholder reach.Keep reading: CMC Markets Adds Weekend Gold CFDs, Builds on 24/5 US Equities RolloutBy contrast, the core CMC Markets business remains centred
on trading and brokerage, offering CFDs, spread betting and stockbroking across
thousands of instruments to retail and institutional clients on its trading
platforms.Notably, CMC CapX has so far focused on the UK market. But the expansion
into Australia and New Zealand marks its first major step into the Asia-Pacific
region.The platform aims to replicate its existing model by linking
issuers with institutional and wholesale investors. It also plans to adapt its
distribution strategy to local market conditions.Industry ExperienceHayward brings more than 30 years of experience in financial
services. She previously worked for over a decade at Bell Direct and spent more
than seven years at E*TRADE. Most recently, she ran her own consultancy, Hayward Wealth,
advising firms across the financial sector. She also held a role at Australian
Bond Exchange, where she focused on affiliate partnerships in fixed income
markets.Last year, CMC Markets signaled that it would move deeper into blockchain by hinting at the launch of tokenised assets on its CMC CapX
platform. The offering is based on its partnership with StrikeX Technologies to
convert real-world investments, such as shares in private companies, into
digital tokens on the blockchain. Additionally, CMC Markets aims to simplify its Singaporestructure by merging its stockbroking entity with its main local unit, which
currently offers contracts for differences, while continuing to operate both
the CMC Markets and CMC Invest platforms for now.
This article was written by Jared Kirui at www.financemagnates.com.
Retail Traders Get Crypto Access as Morgan Stanley Follows SoFi in Trading Push
Morgan Stanley has
begun piloting direct cryptocurrency trading on its E*Trade platform, charging
around 50 basis points per transaction, according to a Bloomberg report.Singapore
Summit: Meet the largest APAC brokers you know (and those you still don't!).Charles Schwab has
begun rolling out plans for spot cryptocurrency trading for retail clients.
SoFi
Technologies resumed crypto trading after regulatory changes. Several
firms, including
Morgan Stanley and PNC Financial Services, have also been exploring or
developing crypto offerings. The moves reflect wider expansion in retail access
to digital assets.Retail Crypto Fees Under Competitive
PressureAt Morgan Stanley, the
service is currently available to a limited group of users. A broader rollout
is expected later in 2026. It is planned to reach about 8.6 million E*Trade
clients.The pricing places
Morgan Stanley below several competitors in retail crypto trading. Coinbase
charges can exceed 0.5%, depending on user tier and payment method. Robinhood
offers commission-free trading but generates revenue through spreads, typically
between 35 and 95 basis points. Charles Schwab charges around 75 basis points
for Bitcoin and Ether transactions.LATEST: ? Morgan Stanley has begun piloting crypto trading via E*Trade with lower fees than than Coinbase, Robinhood, and Schwab, according to Bloomberg. pic.twitter.com/rVXopGkBw2— CoinMarketCap (@CoinMarketCap) May 6, 2026E*Trade Gives Access to Retail CryptoThe pilot follows
earlier plans disclosed in 2025 to bring crypto trading to E*Trade. It
indicates the bank has moved from planning into execution.The service also gives
Morgan Stanley access to its existing retail client base through E*Trade. This
provides a distribution channel that crypto-native exchanges do not have.
Competition in retail crypto trading is increasing, with pricing emerging as a
key factor as traditional brokers expand further into the market.
This article was written by Tareq Sikder at www.financemagnates.com.
Volume Outpaces Account Growth in Retail FX/CFD as Per-Trader Activity Hits Record
The growth
in retail FX and CFD trading captured in FM Intelligence's Q1 2026 active
accounts data, which crossed 7.4 million for the first time, has been accompanied by a parallel
rise in trading activity per account. The
composite per-account metric across the FM Intelligence named-broker group has
now reached its highest reading in the series. $4.30 Billion Per 1,000
Active Accounts in Q1 2026Average
monthly trading volume per 1,000 active accounts across the biggest retail
brokers named in FM Intelligence's Q1 2026 tracker rose to $4.30 billion, up
27% from $3.38 billion in Q1 2025. The
trajectory continues a multi-year pattern. An earlier FM Intelligence comparison
of Q4 2021 against Q4 2025 found that the same metric had risen from $3.0
billion to $4.2 billion over four years, a 38% increase. The Q1 2026
reading of $4.30 billion extends that series by one quarter at a pace that runs
ahead of the four-year compound rate.In terms of
the highest number of newly added accounts, XTB led the market, increasing the
total by 290,000 during the quarter. Meanwhile, when it comes to average
monthly volume per account, Hantec Markets ranked first.Volume Has Outpaced
Account GrowthMonthly
trading volumes rose roughly 96% year-over-year while active accounts
rose 54%. Volume rose roughly 1.8 times faster than the account base,
with the difference flowing into the per-account intensity reading.The reading
runs in the same direction as the Retail Intensity Ratio framework FM
Intelligence introduced earlier this year, which measured retail CFD daily turnover as a
share of BIS-reported global FX volume and recorded that ratio rising from 2.7%
in Q4 2020 to 14.1% in Q4 2025.What's in the Full Q1 2026
AnalysisThe Q1 2026
retail accounts analysis on the FM Intelligence DataLab Portal covers the
per-broker active accounts ranking with quarter-over-quarter and year-over-year
change for every tracked firm, the Top 10 brokers ranked by net account
additions, average monthly volume per account at every broker, the spread
between the highest and lowest per-account intensity firms, and the underlying
methodology and cohort definitions.Read the full Q1 2026 retail
accounts analysis on the FM Intelligence DataLab Portal →
This article was written by Damian Chmiel at www.financemagnates.com.
Two CFD Brokers IPO'd Months Apart in 2016. Their Stocks Are Now Worlds Apart
XTB marked
ten years on the Warsaw Stock Exchange (WSE: XTB) today (Wednesday) with
shares around 102 zlotys, up roughly 800% from the 11.50 zloty offering
price set when the Polish broker debuted on May 6, 2016. The stock
touched a record 114 zlotys on April 16 and now values the company at about
12.1 billion zlotys ($3.2 billion).Singapore Summit: Meet the largest
APAC brokers you know (and those you still don't!)A Decade in NumbersXTB's
listing was the largest Warsaw IPO of 2016, raising 189 million zlotys at a
1.35 billion zloty valuation. Founder Jakub Zablocki sold 16.4 million shares
at 11.50 zlotys, near the lower end of the 11.50 to 13 zloty bookbuilding
range, and shares closed their first session at 12.05 zlotys.Since then,
the broker has paid out dividends under a policy targeting between 50% and 100%
of standalone profit. Yahoo Finance pegs the five-year total return for XTB shareholders, including reinvested dividends,
at about 819% as of late April, against 57% for the MSCI World benchmark over
the same window.The
Warsaw-listed firm ended 2025 with operating income of 2.15 billion zlotys, up 14.6% on the year. Net profit fell
25% to 644 million zlotys as marketing spending climbed close to 70% to 585
million zlotys, the company said in its annual report.In a LinkedIn post marking the anniversary on Wednesday, XTB said it has "grown from a brokerage into a global investment app" and now serves more than 2.5 million people worldwide. The company added that it is "even more excited about what's ahead."How XTB Stacks Up Against
Listed CFD PeersThe four
largest publicly listed CFD brokers have all delivered shareholder gains over
the past decade, but with very different magnitudes.Plus500, which listed on London's Alternative
Investment Market three years before XTB, has been the standout among the
group. The Israel-founded broker's shares have multiplied roughly 36 times
since the 2013 debut, supported by aggressive buybacks that have absorbed close
to $2.9 billion since the IPO.Looking at
the same ten-year window since XTB's May 2016 debut, Plus500 has also
outperformed XTB on price terms, while IG Group and CMC Markets have lagged. CMC priced
its IPO also in 2016 at 240 pence and saw shares lose roughly half their value
within months as the UK Financial Conduct Authority moved
against retail CFD providers. At the moment, they have posted the weakest
gains since their market debut among the entire group, at just over 50%.From the 2018 KNF Crash to
2026 HighsThe XTB
share price journey has not been linear. In late 2018, after Poland's Financial
Supervision Authority (KNF) fined
the broker 9.9 million zlotys for asymmetric price slippage on client
orders, the stock dropped two-thirds in two hours and trading was temporarily
halted. By September 2019, shares had bottomed at an all-time low of 2.92
zlotys.The 2020
pandemic-era surge in retail trading kicked off the recovery. XTB reported
record quarterly revenue of 307 million zlotys in Q1 2020 alone, more than its
full-year 2019 total. Shares are now up roughly 35-fold from those 2019 lows.The current
rally continued through April 2026 even after Polish regulators levied a record 20
million zloty penalty
for MiFID II breaches in client onboarding between January 2022 and September
2023. Shares hit their record 114 zlotys eight days after the fine was
disclosed.Beyond CFDs as the Next
Decade BeginsLast week,
XTB published preliminary first-quarter 2026 results showing estimated net profit of 535
million zlotys, up 176% year-on-year, on operating income of 1.09 billion
zlotys. The broker added 370,000 new clients in the quarter.Chief
Executive Omar Arnaout has flagged spot crypto trading and options as the next
product priorities, alongside continued geographic expansion in Latin America,
Indonesia and the UAE. He has separately said XTB is targeting two million
annual client additions in the coming years.That
ambition is colliding with sharper European competition. Robinhood, Trade
Republic, eToro and Interactive Brokers have all stepped up European retail
moves over the past 18 months. Plus500 and
IG have meanwhile pushed into US futures, prediction markets and
equity trading to
dilute their exposure to CFD revenue.
This article was written by Damian Chmiel at www.financemagnates.com.
Prediction Markets Are Emerging as a Gen Z Entry Point to Trading
Prediction markets are attracting younger retail users at far higher rates than traditional investment products — and the gap appears tied to something deeper than product novelty.Singapore
Summit: Meet the largest APAC brokers you know (and those you still don't!).A Northwestern Mutual study found that 32% of Gen Z respondents in the U.S. are already participating in prediction markets or considering it, compared with 17% of the general population. For brokers targeting younger retail users, the gap is becoming difficult to ignore.Financial Nihilism And the Search For Faster Outcomes The World Economic Forum describes a growing sense of “financial nihilism” among younger investors - a belief that traditional paths to stability no longer work. Gen Z in the United States faces average debt loads approaching $94,000 while increasingly viewing homeownership as unattainable.
That environment is pushing many younger users toward higher-risk financial products. Northwestern Mutual found that among Gen Z respondents interested in prediction markets, sports betting, crypto, options, or meme stocks, 80% said they were drawn to these products because they felt financially behind and believed conventional methods were too slow.
“The traditional rules of money are broken,” personal finance commentator Haley Sacks told CNBC. “Slow and steady is perceived as a scam when inflation eats your paycheck and housing is out of reach.” Doomscrolling as Market Research Prediction markets map closely onto existing online behaviour. Contracts tied to elections, sports, geopolitics, and internet culture turn attention itself into something that feels financially useful.
For users already spending hours following social feeds and news cycles, these platforms create the impression that cultural awareness can function as market insight.
“They almost make you feel like all your hours spent doomscrolling TikTok or tracking celebrity drama are actually market research,” Sacks said.
That overlap also blurs the line between entertainment and investing. Prediction market interfaces often resemble sports apps or social feeds more than traditional brokerage platforms, lowering the psychological barrier to participation. Why Brokers are Paying Attention For brokers, prediction markets are beginning to function as a client acquisition layer for a demographic that traditional CFD and investing products have historically struggled to reach.
Yossi Tamir, Head of Business Development at Leverate, said in a recent interview with Finance Magnates that users entering through sports contracts or political event markets are already comfortable with digital platforms, rapid decision-making, and financial risk. That lowers the friction of cross-selling into equities, FX, crypto, or other trading products.
For many brokers, prediction markets are increasingly being viewed less as a standalone vertical and more as the top of a broader retail trading funnel.The Risk-Reward Perception
Prediction markets may resemble gambling to regulators, but many younger users appear to perceive them differently.
Despite high loss rates across platforms such as Polymarket and Kalshi, participation continues to grow among younger retail traders. Research and platform data show that most users lose money, with gains concentrated among a small group of sophisticated participants — a distribution that closely resembles other speculative retail trading segments.
However, for many younger participants, prediction markets still register as a faster and more accessible route to financial upside than traditional long-term investing.From Forecasting Tool to Trading ProductPrediction markets are increasingly behaving like another category of retail trading product.
For brokers, that creates both an opportunity and an operational challenge. These products may help attract younger retail users who are already comfortable with high-risk, app-based financial activity. But retaining those users requires infrastructure, compliance systems, and execution standards closer to electronic trading platforms than to entertainment products.
Whether users ultimately view prediction markets as investing, speculation, or entertainment is less important than the underlying behavioural shift. For a growing number of younger traders, these platforms are becoming an early point of contact with financial risk-taking.
This article was written by Tanya Chepkova at www.financemagnates.com.
From “Never Sell” to “Maybe Sell”: Strategy Signals Bitcoin Could Fund Payouts
Strategy executive chairman Michael Saylor said the company may sell part
of its Bitcoin holdings to fund dividend payments and manage market
expectations, marking a shift in tone from its long-standing accumulation
strategy.Singapore
Summit: Meet the largest APAC brokers you know (and those you still don't!).“We’ll probably sell some Bitcoin to fund a dividend, just to inoculate
the market, just to send the message that we did it,” Saylor said during
Strategy’s first-quarter earnings call on Tuesday (Yesterday).Strategy
Considers Bitcoin for DividendsSaylor said the aim would be to reduce uncertainty. Market participants,
he added, would see that “the company's fine, the Bitcoin's fine, the
industry's fine, the world didn't come to an end.”The comments came after Strategy reported a $12.5 billion net loss for
the quarter, driven mainly by unrealized losses on its Bitcoin holdings as the
asset fell 23.8%.Strategy has accumulated Bitcoin since 2020 and has consistently
described its approach as long-term holding without selling. In February,
Saylor said on CNBC’s “Squawk Box,” “I expect we’ll buy Bitcoin every quarter
forever.”CoinDesk: Michael Saylor suggested, during its Q1 2026 earnings call, the company may sell a portion of its bitcoin holdings to fund dividend payments.He stated: “We will probably sell some bitcoin to pay a dividend just to inoculate the market and send the message that we did… pic.twitter.com/y7NsmF6lOU— Wu Blockchain (@WuBlockchain) May 6, 2026From Accumulation to Dividend Use Shift The company currently holds 818,334 Bitcoin, worth about $66.7 billion.
It has funded purchases through equity and preferred stock offerings, including
recent instruments used to support dividend-paying structures.The remarks are the first time Saylor has publicly indicated that Bitcoin
sales could be used as part of dividend funding, contrasting with the company’s
previous position of continuous accumulation.
This article was written by Tareq Sikder at www.financemagnates.com.
Prediction Markets Are Turning Into an Acquisition Engine for Brokers
As brokers experiment with prediction markets, these products are increasingly being viewed as acquisition channels rather than simply another trading vertical.Singapore Summit: Meet the largest APAC brokers you know (and those you still don't!)
Leverate recently launched a white-label prediction markets platform for brokers, joining a growing group of infrastructure providers moving into event-based trading.
According to Yossi Tamir, Head of Business Development at Leverate, event-based trading is attracting users that traditional CFD products often struggle to reach.A New Entry Point for Retail Traders
Prediction markets are bringing in users who would not typically engage with traditional trading products. The demographic entering retail trading over the past few years discovered financial markets through a completely different door of event-based platforms covering sport, politics, economics, and entertainment.
Prediction markets became an entry point for a significant portion of the next generation of retail traders, giving brokers access to a demographic their existing product catalogue often failed to reach."The strategic value wasn’t just a new revenue line; it was a new acquisition channel that could route high-intent users into a broader product suite", Tamir added. "That combination of demographic tailwinds and broker-level commercial logic made it the right moment to build".How Prediction Markets Differ from CFDs and Derivatives
From a technology perspective, event-based markets may become a challenge for a traditional broker. As Tamir explains, prediction markets differ from CFDs and derivatives more fundamentally than many brokers initially expect.
"With CFDs or FX, you have continuous price discovery driven by deep, established liquidity pools. The infrastructure challenge is execution speed, spread management, and routing. With prediction markets, you’re creating markets around discrete events, often with thin early liquidity, and the pricing engine has to hold its integrity from the very first trade, before any meaningful order flow exists».
To address this, Leverate uses a hybrid AMM model that combines LMSR pricing with Central Limit Order Book execution. This combination helps mitigate erratic pricing and avoid loss of confidence among traders.
Apart from that, Tamir pointed out that prediction markets have a defined resolution event, which requires automated settlement logic, compliance audit trails, and protection against manipulation around the resolution window.
"That’s a fundamentally different operational challenge from managing a continuously rolling CFD book", he added.
Why Brokers See Commercial Potential in Prediction Markets
Brokers that launched prediction market products are already seeing stronger retention driven by open positions and pending outcomes that keep traders returning to the platform.
However, Tamir argues that the stronger commercial argument is user acquisition rather than direct monetization. Prediction markets attract audiences that traditional CFD campaigns often struggle to reach, from sports bettors to crypto-native traders."When a broker acquires one of those users through a prediction markets product, they’re starting a relationship with someone who has demonstrated they’re comfortable with risk, comfortable with digital platforms, and willing to engage with market outcomes".
The infrastructure requirements behind prediction markets make the build-versus-buy decision even more tilted toward white-label solutions than in traditional trading infrastructure.
Developing a pricing engine capable of handling thin liquidity, automated resolution, fraud protection, and real-time rebalancing can take more than eighteen months of engineering work before even considering the front-end or admin layer.
“Most brokers don’t have that development capacity or that timeline”, Tamir said. As a result, many brokers opt for white-label infrastructure rather than building internally.Prediction Markets vs Binary Options
Tamir acknowledges that prediction markets are frequently compared with binary options because both rely on binary outcomes. However, he argues that the key distinction lies not in the binary payoff itself, but in the market structure behind it.
Binary options in retail FX drew regulatory scrutiny because of opaque pricing, conflicts of interest, and models where brokers effectively acted against the client.
Prediction markets, by contrast, operate through exchange-based structures where participants trade against each other rather than against the platform itself.
"Pricing is determined by participant activity, LMSR ensures fair value, and resolution is tied to verifiable real-world events rather than synthetic price levels", he said.Tamir also stressed that compliance infrastructure became a core part of prediction market platforms as the sector matured. He pointed to the US market as an example of growing institutional legitimacy around the segment.
«In the US, for example, the CFTC has provided greater clarity on exchange-based prediction markets, and major regulated venues have launched event contracts. That’s been an important legitimising signal for the category globally».
This article was written by Tanya Chepkova at www.financemagnates.com.
Match-Prime Brings Autonomous Risk Infrastructure to the Gold Market
Match-Prime Liquidity, a regulated Prime of Prime provider serving brokers across MENA and Europe, has deployed an AI-driven risk response system that takes autonomous protective action on abusive gold flow. Effective time-to-action has been reduced from days to minutes.The solution marks a departure from standard practice in regulated financial services. Most current AI implementations in broker risk management flag suspicious activity for human review, preserving oversight but leaving the protective window constrained by analyst availability. Match-Prime has inverted that architecture by allowing AI to act first on cases that have already cleared multiple evidence filters, with human review conducted post-action rather than as a prerequisite for action.Why Autonomous Response MattersThe economic rationale for compressing risk response time is widely recognized. Among confirmed cases on Match-Prime's books, mean profit extracted per abusive account runs into thousands of dollars. Coordinated cliques are common, and combined per-incident impact can reach five figures in a single overnight session. Every hour inside the traditional response window – surveillance, investigation, escalation, dealer approval – represents quantifiable loss.The architectural case is less obvious but more consequential. Most broker risk operations have invested heavily in detection over the past decade, and the surveillance layer is mature. The response layer has not kept pace. As long as a human must approve every action, the protective window is constrained by the speed of human judgment. Abuse patterns now adapt faster than the manual processes designed to detect them.Action before review is defensible only when the underlying evidence supporting the decision has already been thoroughly pre-filtered. That discipline is what separates a controlled deployment from reckless automation. The AI agent in Match-Prime's system is a specialist acting on prepared evidence, not a generalist interpreting raw data. Every autonomous action carries a full reasoning trail: the upstream surveillance signal, the quantitative evidence, and the decision rationale.How the AI Agent WorksThe AI agent does not act on raw market activity but only on cases that have already cleared two prior stages of filtering. HawkEye RMS, Match-Prime’s existing session-level surveillance system, filters around 90% of standard activity and surfaces cases matching the profile of suspicious gold trading. The second layer reconstructs each surfaced case – recent position dynamics, execution patterns, statistical thresholds calibrated against historical abuse cases – and dismisses approximately 90% of what reaches it.Only cases that clear both gates reach the AI agent, which then evaluates the prepared evidence package and decides whether the pattern matches abuse. When the criteria are met, the AI sends the trading restriction directly into Match-Prime’s risk infrastructure. The dealing team receives immediate notification, and the AI's full reasoning chain is logged for review.Industry ImplicationsMatch-Prime's deployment reflects a broader shift in how broker liquidity providers are rethinking risk infrastructure. The question is no longer whether AI belongs in risk management, but where in the decision chain it should sit. Most current implementations place AI alongside humans in the review pipeline – another input the analyst weighs before approving an action. That preserves human-in-the-loop governance while doing nothing to compress the protective window. Threats that adapt faster require different sequencing.The next coordinated abuse pattern will emerge on its own schedule. Whether it extracts thousands in profit or gets neutralized in minutes will depend on decisions broker LPs are making now.
This article was written by FM Contributors at www.financemagnates.com.
The Competitive Data Platform Built for the Financial Industry
Most firms have access to more data than ever before.Dashboards, reports, internal tools, external sources. On paper, everything is there.Yet many teams still struggle to answer simple questions:Where do we stand in the market?Who are we really competing with?What should we focus on next?The issue is not access to data.It’s how that data is understood and used.The brokers consistently gaining market share are not necessarily the ones with the most aggressive spreads or the largest marketing budgets. They are the ones with a clearer, more current picture of the competitive market. They know which regions are trending. They know when a rival's volumes start climbing. And they know it in time to act.This is the intelligence gap, and it is wider than most senior teams in financial services are comfortable admitting.Finance Magnates built the FM Intelligence Portal to solve exactly this problem.What is the FM Intelligence portal?The FM Intelligence Portal is a new digital platform from Finance Magnates, one of the most trusted names in the global retail trading industry, that brings together market data, compliance tracking, and custom research in one place.The portal is built around a single, clear proposition: One Dashboard. All the Intelligence You Need.Rather than researching data from multiple sources, financial firms can access verified market data, live compliance updates, competitor activity, and regulatory alerts from a single platform, updated continuously, and structured for fast decisions.For strategy teams, compliance officers, C-suite executives, and analysts who need to act on market intelligence rather than react to it, the FM Intelligence Portal is the layer of structured data that has been missing from their workflow.Two Core Intelligence Areas: Market and ComplianceThe FM Intelligence Portal is organised around two product areas, each targeting the specific intelligence needs of financial professionals.Market intelligenceThe Market section gives firms a live view of trading trends, competitor activity, and demand shifts across the global Forex and CFD industry.FX/CFD Heat Map tracks where trading demand is growing across markets and instruments, giving strategy and business development teams an early view of where client interest is moving before it becomes obvious in the broader market.Market Movement monitors fast-moving assets in real time, so trading and risk teams can stay across volatility and emerging opportunities without manually scanning multiple sources.Broker Volumes is the data set that executive teams and strategists rely on most heavily. Rather than knowing only your own volumes, the portal lets you see how your firm's performance compares to competitors.Platform Comparison follows changes in trading platform demand and adoption across the industry, helping firms track which platforms are growing in popularity.SEE FM INTELLIGENCE IN ACTION: BOOK FREE DEMOCompliance intelligenceThe Compliance section is designed for the legal, compliance, and risk functions that need to stay current with a regulatory environment changing faster than ever.Recent Regulation provides clean, organised summaries of new directives and decisions from global regulators, so compliance teams are not relying on alerts pieced together from multiple regulatory bodies.Fines & Warnings delivers enforcement summaries and fraud alerts, giving legal and risk teams structured visibility of enforcement activity across the industry. Licence & Registration Monitoring provides continuous verification of regulatory status and market compliance globally. Who the FM Intelligence portal is built forFM Intelligence is designed for a wide range of financial professionals who need verified, current intelligence to do their jobs well.Brokerages and CFD providers use the portal for competitor tracking, market share benchmarking, and regulatory monitoring across the jurisdictions where they operate. For leadership teams, it provides the data foundation for board-level strategy conversations. For compliance teams, it replaces fragmented manual processes with a single, continuously updated source.Fintech providers and payment companies use FM Intelligence for due diligence on partners and clients, licence verification, and monitoring regulatory developments that affect their operating environment.Prop trading firms and investors rely on the platform for market trend analysis, risk signal monitoring, and understanding the competitive dynamics of the markets they participate in.Compliance and legal teams across all of the above use the Compliance section to track enforcement activity, regulatory decisions, and licence changes, rather than discovering them after the fact.In each case, the common thread is the same: access to verified, structured intelligence that enables faster, more confident decisions.Why the FM Intelligence portal matters nowThe retail Forex and CFD market is in a period of sustained pressure. Client acquisition costs are rising. Regulatory scrutiny is increasing across key jurisdictions including the UK, EU, Australia, and the UAE. And the pace at which competitive and regulatory conditions change is accelerating.Firms that are still relying on manual research, lagging reports, and fragmented data sources are increasingly exposed, not because their teams are not capable, but because the information infrastructure underneath their decisions is not keeping up.The FM Intelligence Portal helps firms close that gap by enabling them to:Make informed business decisions grounded in verified market dataDefine strategy with confidence using current competitor and volume intelligenceAccess market data and compliance updates in one platform, eliminating the cost of maintaining multiple data subscriptionsUse a product built specifically for the financial industry, with the data sets and workflows that financial professionals actually needWhat makes a Demo valuableThe FM Intelligence demo is not a generic tour.It focuses on your needs. It's a proper walkthrough, so you can:1. See What Matters to Your Role: Whether you are in strategy, compliance, or growth, the session should reflect your priorities.2. Understand the Context Behind the Data: Numbers alone don’t help unless you know what they mean and how to use them.3. Ask Questions in Real Time: Instead of guessing, you get direct answers.4. Leave With Clear Takeaways: Not just features, but actual insights you can use.Experience the FM Intelligence portal in action The FM Intelligence team offers personalised 1-on-1 walkthroughs for strategy leaders, compliance teams, and executive decision-makers. In 30 minutes, our Intelligence Director, Ramzi Ahmad, will take you directly to the tools and data most relevant to your day-to-day work.SEE FM INTELLIGENCE IN ACTION: BOOK FREE DEMODiscover the broker volumes, market share data, and regulatory updates that matter to your firm and pick a time that works for you.About FM IntelligenceFM Intelligence, part of Finance Magnates, delivers specialised market research and insights on financial markets. Its offerings include quarterly and annual reports, as well as custom research on trading volumes, market trends, regulations, and other key areas of the financial industry.
This article was written by Finance Magnates Staff at www.financemagnates.com.
Zero Commission Was a Trap. SaaS Is the Way Out.
For decades, the brokerage business was relatively simple, and companies made money just by giving people access to the market. The entire model was built around deals, and the more trades clients executed, the more brokers earned.However, today, very few users would be satisfied with simple access to trade. People want analytics, AI-driven insights, access to leverage, and more complex assets. If a company cannot offer all of this, clients can easily move to competitors.Singapore Summit: Meet the largest APAC brokers you know (and those you still don't!)As a result, earning revenue from transactions has become increasingly difficult. So, brokers have been seeking new monetisation models, with many turning to the SaaS model. This may seem unusual. However, the idea of software-as-a-service fits well with new market demands, offering predictable recurring revenue and making it much easier to monetise the existing user base.How the Market Pushed Brokers to SaaSThis, however, raises a question: what exactly has changed so much in the market to push brokers towards SaaS in the first place? The fact is that the traditional model became too fragile.Traditional brokers have lost their uniqueness. In the past, access to liquidity was limited, and anyone who wanted to trade on the NYSE had to open an account with a major firm.Today, this is no longer an issue. Dozens of fintech startups are ready to give clients access not only to the NYSE but also to European and Asian exchanges, cryptocurrencies, and even prediction contracts, along with liquidity that was once available only to wealthy investors. Competition became so intense that it forced brokers to rethink their business models.This competition also puts pressure on traditional deal-based revenue, as retail brokers have spent years competing by lowering trading costs. Eventually, the market settled on the “zero commission” model and ended up stuck in a trap. They simply cannot lower commissions further, as they are already close to zero, but they cannot generate enough revenue from them either.The user base expanded, of course, but expectations changed, as users now assume that buying a stock should cost nothing. Explaining why clients should pay for trades at all has become increasingly difficult. After all, it would cost them nothing to switch to another broker that offers free trading.Pressure on the business model does not come only from users, as market regulation and operations have become much more complex. Modern financial services are highly sophisticated, and it is no longer enough for a broker to offer an interface with “buy” and “sell” buttons. They must build a full infrastructure for settlement, compliance, risk management, and security. The market simultaneously demands lower costs for clients and constant investment in technology.How the Business Model Changes ExactlyAll of this makes the SaaS model essential for brokers to operate and compete, as it allows them to diversify and collect revenue from other sources. For example, one visible SaaS element is recurring subscriptions. Brokers are increasingly offering subscription tiers that provide access to personalised analytics or, for example, lower fees and better margin trading conditions. As a result, revenue becomes more predictable and easier to forecast.Another opportunity is interest income. Clients’ idle funds no longer sit quietly in their accounts; brokers can deploy them into assets and earn a spread, while clients receive their share. Therefore, even if a user does not trade at all, they still generate revenue. SaaS effectively opens many ways to generate revenue, as brokers can monetise through embedded financial products, premium analytics, and access to AI-driven tools.Robinhood is a clear illustration of this new model. The company grew out of accessible trading, and brokerage remains its core business. However, revenue driven by a SaaS-like model is taking up an increasingly large share. In the first quarter of 2026, the company reported $1 billion in revenue, with 44% coming from non-transaction-based sources.Robinhood is the devil.Robinhood users trades 9x as much as E-Trade users and 40x as much as Charles Schwab users.The top 20% of most active traders trail the market by 5.5% annually and by 10.3% after risk adjustment.Further, there’s brain imaging research that found money…— Brennan Schlagbaum, CPA (@Budgetdog_) April 28, 2026Premium subscriptions stand out in particular. Over the past year, the number of subscribers grew by 36%, and the company notes that the average subscriber holds five times as many assets as a typical user. The loyalty generated by the new model is translating directly into assets.Are Brokers Going to Disappear?Such an evolution may raise concerns about the future of brokerages. Could they simply disappear as they stop meeting market demands? The answer is no. Brokers are not going anywhere. In the end, someone still has to connect users to global markets. More likely, they will evolve into modern fintech companies and become one part of a broader ecosystem.Finally, the adoption of a SaaS model will place brokers as one of the most important layers of embedded finance. Users no longer treat investing and trading as something exceptional that requires long preparation or careful thought. Buying Bitcoin or placing a bet on a prediction market has become an everyday activity for many, something that can be done casually during a lunch break. For traditional brokers without SaaS models, it would be hard to provide such an experience.
This article was written by Arthur Azizov at www.financemagnates.com.
ATFX Breaks New Ground with USD 1.09 Trillion in Q1 2026 Trading Volume
ATFX recorded USD 1.09 trillion in total trading volume during the first quarter of 2026, according to the latest Finance Magnates Intelligence Report. This marks a historic milestone for the company, representing the first time it has surpassed the trillion-dollar threshold in a single quarter.The result reflects a 40.62% increase year-on-year and a 33.58% rise from the previous quarter. This growth was supported by a 7.12% increase in account activity, reflecting increased client participation across the platform. This performance aligns with ATFX’s 2026 theme, “Succeeding Beyond Excellence,” as trading activity broadened across multiple asset classes amid heightened market volatility.“Crossing the $1 trillion milestone reflects the strength of our global strategy and the collective effort across our teams worldwide, as well as the continued depth of client engagement across our platform,” said Joe Li, Chairman of ATFX. “We remain focused on delivering resilient infrastructure, reliable execution, and a seamless trading experience across global markets in evolving market conditions.”Growth Across Key Asset ClassesTrading activity expanded across all major asset classes during the quarter, supported by increased engagement from both retail and institutional participants. Performance is measured on a quarter-on-quarter basis.Energy markets recorded the strongest expansion, increasing by 1033.07%, driven by heightened global supply volatility.Currency pairs rose by 70.27%, supported by diverging interest rate expectations across major economies.Indices increased by 43.88%, reflecting changing equity market sentiment.Equities rose by 15.36%, with selective participation across global markets.Precious metals increased by 12.91%, maintaining steady demand.Expanding Global Market ParticipationThe strong performance highlights continued expansion in trading participation across diverse market conditions. Activity growth was supported by ATFX’s trading infrastructure and ongoing enhancements to global market access, alongside strategic global initiatives such as its partnership with the Argentine Football Association (AFA), which contributed to increased international brand visibility.Rather than being driven by a single segment, Q1 2026 saw broader engagement across asset classes, reflecting a more diversified trading environment.OutlookLooking ahead, ATFX remains focused on strengthening its global trading infrastructure, expanding market access, and supporting clients through evolving market conditions. With a strong start to the year, the company is well positioned to sustain its growth trajectory throughout 2026.About ATFXATFX is a leading global fintech broker with a local presence in 24 locations and holds 9 licenses from regulatory authorities, including the UK's FCA, Australia's ASIC, Cyprus' CySEC, the UAE's CMA, Hong Kong's SFC, South Africa's FSCA, Mauritius' FSC, Seychelles' FSA, and Cambodia's SERC. With a strong commitment to customer satisfaction, innovative technology, and strict regulatory compliance, ATFX delivers exceptional trading experiences to clients worldwide.For further information on ATFX, please visit ATFX website https://www.atfx.com.
This article was written by FM Contributors at www.financemagnates.com.
Devexperts Integrates Advanced Markets Liquidity Into DXtrade Platform
DXtrade has
added one more name to its liquidity provider list. Devexperts said today
(Wednesday) it has integrated Advanced Markets into its multi-asset white-label
platform, giving brokers another route to pricing across spot FX, precious
metals and CFDs through a single margin account.Singapore Summit: Meet the largest
APAC brokers you know (and those you still don't!)DXtrade Adds Advanced
Markets to Liquidity RosterBrokers
that license DXtrade can plug into Advanced Markets' aggregated feeds, which
the company said draw on more than 20 banks, non-bank market makers and other
brokers. For Advanced Markets, the deal extends an already wide distribution
footprint. The wholesaler, licensed in the UK, Australia and Bermuda, has spent
recent years adding integrations with PrimeXM's XCore aggregation engine in
2023, FXCubic's price management software, and trading platforms including
VertexFX. The firm
reports more than 40,000 institutional and individual end clients across 30
countries, with outside investors that include Macquarie Americas Corp and GFI
Group.“We are
continuously looking to evolve our offering to ensure our clients have access
to the best options in the market, across all service providers,” Jon Light,
Senior Director of Product Management at Devexperts, commented.“This
integration is very much in line with this commitment. We look forward to our
continued collaboration with Advanced Markets and to the benefits this brings
to those licensing DXtrade.”A Crowded Liquidity Roster
on DXtradeAdvanced
Markets joins a long list of liquidity vendors already connected to DXtrade.
Devexperts has previously wired in Finalto, Match-Trade Technologies, FXCubic,
Sage Capital, amana, Your Bourse, GCEX, oneZero, PrimeXM and Centroid. In December
2024, the company integrated Finalto's aggregated pools spanning
more than 3,000 instruments, and in March 2025 it brought in Dubai-based amana to expand MENA
coverage.Rivals in
the white-label CFD platform market have pursued similar ecosystem strategies. Spotware's cTrader has long supported multiple liquidity
bridges, while MetaQuotes' MT4 and MT5 underpin a vast third-party LP and
bridge ecosystem. Match-Trade
Technologies, which competes with both DXtrade and Spotware, bundles its own
Match-Prime liquidity into the Match-Trader platform. That
positioning puts pressure on the underlying vendors to differentiate on
execution quality rather than instrument count. According to a recent FinanceMagnates.com comparison of
liquidity providers for 2025, brokers increasingly weigh prime-of-prime firms on aggregated pricing,
last-look policies and connectivity options.Devexperts Builds Out
Vendor StackThe
Advanced Markets tie-up extends a buildout that has accelerated this year. In
March 2026, Devexperts plugged in Gold-i's Visual Edge risk monitoring
tool to give
brokers automated scalper detection and A/B booking controls. In January,
the company integrated Arizet Labs' full PropTech suite, adding CRM, payout automation and
real-time challenge-rule enforcement aimed at proprietary trading firms.The vendor
list goes well beyond execution and risk. Devexperts has added theScreener for
equity research, BridgeWise's AI assistant for natural-language market
analysis, TRAction for compliance reporting, and Pelican and Traders Connect
for copy trading. Through a
separate integration with Tools for Brokers' Trade Processor bridge, Devexperts said brokers using DXtrade can reach more than
100 liquidity providers in total.The
Advanced Markets connection is available now to firms licensing DXtrade, the
companies said.Devexperts
has not disclosed financial terms or whether the deal is exclusive in any
market.
This article was written by Damian Chmiel at www.financemagnates.com.
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