The liquidators of Prospero Markets have distributed about AU$18.1 million to the clients of the now-shuttered contracts for differences (CFDs) broker. They also determined the total client claims to be AU$19.2 million.Customers Are Receiving Their ClaimsBRI Ferrier could not pay the entire amount in claims, as some Prospero clients did not provide proper bank details. The liquidators gave them until 15 October to provide the details and receive the claims in the next distribution in November 2025.“There remains approximately AU$1.1 million that has been withheld from clients with admitted entitlements,” the liquidators noted in a report to creditors published today (Wednesday). “If those clients do not provide bank account details, their funds will be paid to ASIC unclaimed monies at the end of the liquidation.”The three liquidators further revealed that they also rejected some client claims, mainly from offshore clients.A federal court in Australia ordered Prospero Markets' shutdown in April last year and appointed the liquidators to oversee the return of client funds.Read more: ASIC to Wind Up 95 Financial Services Firms: Multiple CFDs Brokers NamedA CFDs Broker and Money LaunderingProspero Markets obtained the AFS licence in late 2012, authorising it to offer over-the-counter derivatives and foreign exchange contracts to retail and wholesale clients. It offered services in Chinese in addition to English, indicating a significant proportion of Chinese-speaking clients, although none of the numbers are in the public domain.However, ASIC’s action against the broker came after an investigation that began in 2023. In October 2023, Australian police charged former officers and responsible managers of the brokerage with money laundering. These charges were linked to the Changjiang Currency Exchange money remitting chain, which was accused of laundering nearly AU$229 million over three years.In its investigation into the brokerage business, ASIC found a “broad range of concerns regarding the management of Prospero’s business.” The regulator highlighted potential breaches of the broker's licensing conditions and its obligations as an issuer of over-the-counter derivatives.While suspending Prospero’s licence in December 2023, the Australian regulator cited the broker's failure to submit annual financial statements and audit reports on time. ASIC finally cancelled the licence last year. This article was written by Arnab Shome at www.financemagnates.com.

Polish online trading platform XTB announced this week it has appointed Bartosz Osiński as Management Board Member for Risk, pending approval from the country's financial regulator.XTB Names Bartosz Osiński to Management Board Risk RoleThe appointment comes as XTB, one of Europe's largest retail trading platforms, looks to strengthen its risk management capabilities amid increased regulatory scrutiny of the online trading sector. Osiński's background working directly for Poland's financial watchdog could prove valuable as the company navigates evolving compliance requirements.XTB's supervisory board approved Osiński's appointment on August 26, though he won't officially take the role until Poland's Financial Supervision Authority (KNF) gives its green light under financial services regulations.XTB last reported on staffing changes earlier this year, when legal expert Aleksander Chłopecki joined the Supervisory Board as Chairman.From Regulator to IndustryWhat makes Osiński's appointment particularly noteworthy is his early career stint at KNF itself. He started his professional journey in 2008 as a specialist at the Polish Financial Supervision Authority's Licensing and Functional Supervision Department, which gave him insider knowledge of how regulators think and operate.“Having someone who understands the regulator's perspective from the inside can be incredibly valuable for a company like XTB,” said Arkadiusz Jóźwiak, a Polish journalist and financial markets analyst.After leaving KNF in 2010, Osiński built his career across several major Polish financial firms. He spent multiple periods at TMS Brokers (now TMS OANDA), working as a risk specialist, then later as manager overseeing risk, financial planning, and client capital management.His resume also includes a stint at Alior Bank, where he specialized in capital requirements – the complex calculations that determine how much money banks and brokers must set aside to cover potential losses.Current Role and ExpertiseBefore the move to XTB, Osiński worked as both a board member and Head of Financial Risk at OANDA TMS, positions he's held since 2021. He's scheduled to leave that company on August 31 to join XTB's management board in the same position.His educational background includes a master's degree in informatics and econometrics from Poznan University of Economics, with coursework in risk modeling and insurance. He's also passed the CFA Level 1 exam and completed various specialized training programs.The 17-year veteran has worked across multiple jurisdictions, including a nearly two-year stint in Malta as Risk Manager and Director at TMS Brokers Europe Limited. That international experience could prove useful as XTB continues expanding across European markets.Timing and Market ContextThe appointment comes at a time when retail trading platforms face heightened regulatory attention across Europe. Authorities have been tightening rules around leverage, client money protection, and marketing practices following concerns about retail investor losses.XTB operates in over a dozen countries and serves more than 1 million clients. The company has been expanding aggressively, particularly in markets like Germany and France, making strong risk management capabilities essential.Once approved, Osiński will be responsible for supervising XTB's risk management system as a board-level position. The company said it would provide additional details about his appointment and KNF's approval in a separate announcement. This article was written by Damian Chmiel at www.financemagnates.com.

The UK's Financial Conduct Authority (FCA) disclosed today (Wednesday) that fraudsters impersonating the regulator have targeted thousands of consumers this year, with nearly 500 people falling victim to the schemes and handing over money.FCA Reports Almost 4,500 Impersonation Scams in First Half of 2025The FCA received 4,465 reports of fake scams using the regulator's name during the first six months of 2025, with 480 people actually transferring funds to the criminals. The figures represent a concerning trend as scammers exploit the regulator's trusted reputation to steal money and sensitive banking information."Fraudsters are ruthless," said Steve Smart, joint executive director of enforcement and market oversight at the FCA. "They attempt to steal money from innocent victims by impersonating the FCA. We will never ask you to transfer money to us or for sensitive banking information such as account PINs and passwords."People over 56 made up nearly two-thirds of all reports, suggesting older consumers are being specifically targeted by these impersonation schemes. The criminals typically contact victims through phone calls, text messages, emails or WhatsApp messages, claiming to represent the FCA.Crypto Recovery Scams Lead the PackThe most frequently reported scam involves fraudsters telling victims that the FCA has recovered cryptocurrency funds from wallets allegedly opened illegally in their names. These criminals then convince people to provide banking details or transfer money to claim their supposed recovered assets.Another common approach targets people who have already fallen victim to loan scams. The fraudsters contact these vulnerable individuals, claiming the FCA can help them recover their lost money - but only if they pay additional fees upfront. A similar situation recently affected Polish investors, who ended up being defrauded twice.A third scheme involves fake emails telling consumers that creditors have obtained county court judgments against them. The messages instruct recipients to pay the supposedly owed money directly to the FCA to resolve the legal issue.“Pig Butchering” Adds Emotional ManipulationThe FCA also warned about "pig butchering" scams, where criminals build romantic or personal relationships with victims over extended periods before executing investment fraud. After the initial theft, these same scammers often return pretending to be FCA officials who can help recover the stolen funds - for a fee.The warning comes as the scale of these impersonation scams continues growing. Throughout all of 2024, the FCA received 10,379 reports of fake scams using its name, with 991 people losing money to the fraudsters.The FCA emphasized that it never requests money transfers or sensitive banking information like PINs and passwords from consumers. Anyone receiving unsolicited contact claiming to be from the regulator should be suspicious, regardless of the communication method used.You may also like: UK Watchdog Puts Algo Trading Firms’ Risk Controls Under the MicroscopeScams on the RiseThe regulator advises people who receive questionable communications to verify their authenticity by contacting the FCA directly through its official website rather than responding to the suspicious message. Consumers can report suspected scams to Action Fraud or Police Scotland, depending on their location.The surge in FCA impersonation scams reflects broader trends in financial fraud, where criminals increasingly exploit trusted institutional names to bypass consumer skepticism and steal money or personal information.In April, FinanceMagnates.com reported that fraudsters had exploited the same victims three times, posing first as collection agents and later as Europol officials. Today, Australia’s equivalent of the FCA also warned about a growing wave of fake celebrity investment scam sites promoting deals that are too good to be true. ASIC has already shut down 330 such websites this year alone. This article was written by Damian Chmiel at www.financemagnates.com.

The question "Why is Tesla stock going up today?" has multiple compelling answers as Tesla shares continue their impressive recovery rally. As of August 27, 2025, TSLA trades at $351.67, representing a strong 14% gain from recent lows and the highest level since late June.Tesla (NASDAQ: TSLA) shares have gained 10% over the past three trading sessions, with Tuesday's 1.5% advance testing the $351.90 level. From the recent lows, Elon Musk's company has rebounded an impressive 14%, demonstrating the resilience that has made Tesla a favorite among growth investors.In this article, I examine why Tesla’s stock is surging, provide a technical analysis of the TSLA chart, and review the latest Tesla price predictions.Tesla Stock Today Is Surging: Current Market DataTesla's momentum reflects multiple catalysts converging simultaneously. The stock closed Monday at $351.67, up 1.46% on the day, with trading volume exceeding 72 million shares, well above the 10-day average.As shown in the chart below, the share price has been rising sharply since last Friday, breaking through the August high of 348.98 dollars and reaching its strongest level since late June.Key Tesla metrics:Current price: $351.67 (August 26, 2025)3-session gain: 10%Recovery from lows: 14%Market cap: $713.6 billion52-week range: $202.59 - $488.54The stock now trades approximately 28% below its December 2024 high of $488.54 but has recovered substantially from the $202.59 low reached in April.Why is Tesla Stock Going Up? 4 Key CatalystsRobotaxi Momentum Builds SteamTesla's robotaxi service expansion in Austin continues accelerating, with the geofence area expanding to 170 square miles, nearly doubling from the initial 20 square miles at launch. The service has now expanded three times since its June debut, demonstrating Tesla's ability to scale autonomous operations.Goldman Sachs noted that while maintaining a "Neutral" rating, "Tesla has begun robotaxi operations which puts it on the path to addressing a large market" with the U.S. robotaxi market estimated at $1.7 billion by 2030.The @Tesla_AI robotaxi launch begins in Austin this afternoon with customers paying a $4.20 flat fee!— Elon Musk (@elonmusk) June 22, 2025Full Self-Driving Technology AdvancesElon Musk continues promoting Tesla's Full Self-Driving capabilities, recently stating that FSD version 14 will be "two to three times better than a human driver" with version 15 potentially being "ten times more advanced". Tesla has made strategic changes to its online design studio, showcasing FSD performance in challenging scenarios to encourage adoption.New testing environments are expanding Tesla's autonomous capabilities. The company has begun testing self-driving cars in Elon Musk's Boring Company tunnels beneath Las Vegas, marking another step toward broader deployment.V14 will be better than human for sure, but I don’t know if it will be 10X. Maybe 2X to 3X. V15 has a shot at 10X.— Elon Musk (@elonmusk) August 23, 2025Model Y L Launch Success in ChinaTesla's new six-seat Model Y L launched in China at 339,000 yuan (approximately $47,000), targeting the competitive family SUV market. The vehicle features:Extended wheelbase (150mm longer)Six-seat "2+2+2" configuration751 km range (CLTC cycle)September 2025 deliveries beginningThe Model Y L addresses Tesla's competitive pressure in China, where local brands like BYD and Xiaomi have gained market share with feature-rich, affordable EVs.TESLA LAUNCHES MODEL Y L IN CHINA, STARTING AT 339,000 YUAN, DELIVERIES EXPECTED SEPT 2025 #CHINA #TESLA #MODELYL $TSLAhttps://t.co/AFlZ0OvxqW pic.twitter.com/rXTfPm3dz7— CN Wire (@Sino_Market) August 19, 2025Federal Reserve Policy TailwindsThe dovish Federal Reserve backdrop is particularly beneficial for growth stocks like Tesla. As MarketBeat notes, "a friendlier macro backdrop is also helping the move" with expectations for interest rate cuts supporting equity valuations.'We view Powell’s Jackson Hole speech as reinforcing a data-dependent approach, rather than a firm commitment to sustained monetary easing, with the Fed prioritizing inflation risks from tariffs and immigration policies over immediate labor market concerns,” said Vugar Usi Zade, COO at Bitget. “Investors should view this as a cautious stance, with the Fed likely to act only if employment weakens significantly, as evidenced by the 80% probability of a September rate cut following the speech.”How High Can Tesla Shares Go? Technical Momentum Signals StrengthMy technical analysis shows that Tesla shares are currently trading in a key resistance zone. Tuesday’s upward move pushed the price into the $347–357 range, marked by this year’s local highs and reinforced by the 50 percent Fibonacci retracement of the downtrend that began in late 2024 and extended to the April lows. If Tesla manages to break through this confluence of resistances, it could pave the way for a test of the May peak at $368. Beyond that level, the next barriers include the psychological threshold of $400 and the December high near $500.The bullish outlook is further supported by Monday’s breakout above both the triangle pattern and the downward trendline, as well as the golden cross highlighted by the green arrow. In this case, the 50-day EMA crossed above the 200-day EMA, which is considered a strong buy signal in technical analysis.Multiple bullish technical indicators are also aligning for Tesla stock. MarketBeat reports the stock "flirting with a traditional buy point of $348.98" after breaking above key resistance levels.Key technical signals include:MACD bullish crossover indicating accelerating momentumRSI around 60 showing healthy bullish levels with room to runRecovery from 50-day moving average providing strong supportWall Street Maintains Bullish Tesla Shares PredictionsDespite recent volatility, Wedbush Securities maintains its $500 price target and "Outperform" rating, citing Tesla's progress in autonomous driving and global expansion. This represents 42% upside potential from current levels.Analyst price targets vary widely:Wedbush: $500 (bullish on AI/robotaxi)Morgan Stanley: $400 (energy storage growth)247 Wall St.: $351.73 (year-end target)Long-Term Growth Trajectory247 Wall St. projects aggressive revenue growth for Tesla through 2030, with projected stock prices reaching:2025: $351.73 (8.6% upside)2026: $461.73 (42.6% upside)2030: $1,116.86 (244.8% upside)These projections assume Tesla successfully scales robotaxi operations and maintains EV market leadership.You may also like: Cathie Wood Predicts 800% Surge in TSLA SharesFAQ: Tesla Stock NewsWhy is Tesla stock surging today?Multiple factors including robotaxi expansion, FSD technology advances, Model Y L China launch, and bullish technical signals.What are analysts saying about Tesla?Wedbush maintains $500 target citing AI/robotaxi potential, while consensus sits at $329 with mixed ratings.How high can Tesla stock go?Technical analysis suggests $400+ possible if current momentum continues, with some long-term targets exceeding $1,000.Is Tesla a good buy now?Analysts are mixed with "Hold" consensus, but bullish catalysts around autonomous driving could drive significant upside. This article was written by Damian Chmiel at www.financemagnates.com.

B2B vs B2C Awards: Where Does Your Brand BelongIn 2024, the Finance Magnates Awards concentrated exclusively on B2C categories, honouring the global leading brokerages. This year, we are raising the standard by also highlighting the B2B sector of the industry, giving fintech companies, service providers, and institutional players the recognition they deserve alongside brokers.As nominations for the Finance Magnates Awards 2025 approach their closing date, many companies are left with a simple question: Where does my brand fit in?The B2C Awards: For BrokeragesThe B2C categories remain the heart of the awards, celebrating the brokers who deliver trust, access, and service to traders worldwide.Categories include:Global: recognition for brokers with worldwide reach and large trading communities.Regional: awards for brokers excelling in Europe, Asia, MENA, LATAM, and beyond.National: celebrating brokers that have become trusted leaders in their home markets.Why it matters:Build stronger trust with traders through industry recognition.Gain exposure through Finance Magnates’ communication campaigns before, during, and after the awards.Stand apart from competitors in an increasingly crowded market.The B2B Awards: For Fintech & Service ProvidersFor the first time, the B2B categories put the spotlight on the technology and services driving the financial markets forward. These awards recognise the companies building the infrastructure that powers brokers, liquidity providers, and institutions worldwide.Categories include:Institutional Trading: liquidity providers, prime brokerage, institutional platforms, and multi-asset connectivity.Services for Brokers: CRM, compliance, payments, marketing, and other services that keep brokers running smoothly.Tech for Brokers: platforms, execution tools, risk management systems, and fintech innovations.Why it matters:Position your brand as a trusted partner to brokers and institutions.Gain visibility in front of decision-makers looking for best-in-class solutions.Showcase your role in shaping the future of fintech and online trading.➡️Discover all the official nomineesWhy You Should NominateBeing nominated is more than a formality; it’s your entry into a whole communication and exposure campaign.Pre- and Post-Awards Exposure: through PR, social posts, and evergreen content.Recognition Among Peers: visibility in front of traders, fintech providers, and industry leaders.Access to the Gala Dinner – on 6 November 2025 in Cyprus, where the winners will be revealed during the industry’s most exclusive evening.With nominations closing in just a few days, now is the time to make sure your brand is represented in the category it belongs to.➡️Submit your nomination today and make sure your brand is part of the Finance Magnates Awards 2025.Disclaimer: Please note that submitting your details is the first step in the process; it doesn’t confirm your official nomination just yet. To become an official nominee and be included in the Awards process, a member of our team will reach out to you shortly with more details, including the communication campaign packages available. These packages are designed to give every nominee the exposure they deserve, before, during, and after the Awards, across our global network. This article was written by Finance Magnates Staff at www.financemagnates.com.

Webull Securities Australia launched cryptocurrency trading for local users today (Wednesday), expanding access to the most popular digital assets just one day after the brokerage reintroduced crypto to its main US platform.Webull Extends Crypto Trading to Australia After Official RelaunchAs the company claims, the Australian rollout comes with competitive pricing at 30 basis points spread, positioning Webull among the lowest-cost crypto trading options in the market. Users can trade through individual accounts, Self-Managed Super Funds, trusts, and company structures."The addition of cryptocurrencies and digital tokens to the Webull platform represents the next phase of our ongoing mission to provide Australian investors with the freedom to trade what they want, when they want," said Rob Talevski, CEO of Webull Securities Australia.Webull partnered with Coinbase Prime to provide the trading infrastructure, custody services, and real-time market data for the Australian launch. The collaboration mirrors the company's approach in other markets where it has reintroduced crypto trading after a two-year hiatus.Rapid Global Expansion Following US ReturnThe Australian launch follows Webull's Monday reintegration of crypto trading into its primary US app after requiring American customers to use a separate Webull Pay application since 2023. The US relaunch brought back trading for over 50 cryptocurrencies including Bitcoin, Ethereum, and Solana.Anthony Denier, US CEO and Group President, said the consolidation addressed customer complaints about managing multiple apps. The company had discontinued crypto on its main US platform in 2023, forcing users who wanted digital asset exposure to download a standalone application.“Our mission has always been to deliver a streamlined, user-centric investing experience,” Denier explained. “By reintegrating crypto trading into the Webull app, we are making it easier for customers to access and manage their entire portfolio, whether they're trading stocks, options, or digital assets.”Brazil served as Webull's testing ground for the return to integrated crypto trading. The company successfully relaunched digital assets there last month, providing management with confidence to expand the approach to other markets.Technical Integration and Market StrategyWebull had been hinting at expansion for some time before the Australian launch. In July, the company consolidated its crypto operations by merging Webull Pay LLC into the parent company, setting up infrastructure for global relaunches."The improving clarity of cryptocurrency regulations, both in the United States and internationally, underlies our decision to bring crypto trading back to our platform," Denier said during the July restructuring announcement.The company plans to expand digital asset trading to additional markets over the coming months, but hasn't specified which regions will gain access next.Webull, which entered Australia in 2022, currently serves more than 24 million registered users across 14 global markets and trades on NASDAQ under the ticker BULL. The company has also built other relationships with Coinbase, partnering with its Derivatives division last year to offer Bitcoin and Ethereum futures to US retail investors. This article was written by Damian Chmiel at www.financemagnates.com.

Two major prop firms have recently re-entered the United States – FTMO and The5ers. What makes FTMO’s offering noteworthy is that it is available on the MetaTrader 5 platform, making it the only prop to offer MT5 in the US. The5ers, meanwhile, like many other props, is using cTrader.Two Giants Re-Enter the USBoth FTMO and The5ers suspended services to US-based traders in early 2024 and relaunched them in recent days. This raises the question: is the US that important for prop firms?Before suspending services, The5ers generated 15 to 20 per cent of its traffic from the US. Now, the Israeli company expects the country to become one of its top two markets.Read more: “We Don’t Sell Dreams. We Don’t Drive Lamborghinis”FTMO and The5ers are not the only prop firms to resume services in the US. FundedNext, Funding Pips, Bespoke Funding Program, Blue Guardian, and MyFundedFX (now Seacrest Funded) are among several others that were forced to suspend but later returned.Some brands re-entered within weeks, while others took more than a year.The US has always been a crucial market for prop trading firms. According to data compiled by FYI, about 40 per cent of organic traffic for 50 prop trading firms comes from the US, while another 40 per cent comes from India. This highlights the importance of the US for the industry.The US Prop Trading CrackdownProp firms were thriving in the US until the Commodity Futures Trading Commission (CFTC) sued My Forex Funds, forcing it to shut down. The action sent shockwaves through the industry and compelled firms to adopt terms such as “simulated trading” and “virtual funds” on their websites.Related: In a Blow to the CFTC, US Court Throws Out My Forex Funds LawsuitFTMO’s US-specific website, a joint domain with OANDA, also uses phrases such as “demo trading”, “simulated platform”, and “rewards”.The prop industry then suffered another blow in early 2024 when MetaQuotes cracked down on firms offering grey labels of its platforms to US-based traders. This move halted the operations of many props overnight and forced them to seek alternatives.Most firms relaunched within weeks or months on platforms such as DxTrade, Match-Trader, and cTrader, but they lost the convenience of MetaTrader.Some props attempted to regain MetaTrader access by registering themselves as brokers in offshore jurisdictions like Comoros and St. Lucia. However, none currently offer MetaTrader in the US, most likely due to MetaQuotes’ restrictions.MT5 on FTMOAlthough FTMO has not specified how it is offering MetaTrader 5 to US traders, it launched its services in partnership with OANDA, a forex and contracts for differences (CFDs) broker. OANDA is among the few forex brokers regulated in the US.Interestingly, Czech Republic-based FTMO agreed to acquire OANDA from CVC last February. The deal, however, has yet to close as it “remains subject to regulatory approval.”FTMO clarified that its partnership with OANDA for the US prop trading relaunch is separate from its acquisition deal.The footer of the US-specific website states that the US-registered FTMO entity is “responsible for the provision of the Evaluation Process (FTMO Challenge and Verification),” while OANDA Corporation is “responsible for the provision of the FTMO Rewards Account (Signal Provider Program)”.“While certain infrastructure on which FTMO US services are offered is provided by OANDA Corporation,” the website footer added. This article was written by Arnab Shome at www.financemagnates.com.

Australia's securities regulator has taken down more than 330 fake investment websites this year that use images of prominent billionaires to trick people into bogus get-rich-quick schemes, marking a 25% jump from the same period last year.The Australian Securities and Investments Commission (ASIC) says scammers are increasingly hijacking photos of well-known figures like mining magnates Andrew "Twiggy" Forrest and Gina Rinehart, along with packaging billionaire Anthony Pratt, to lend fake credibility to their fraudulent investment platforms.Scammers Exploit Social Proof PsychologyThese fake websites deliberately misuse trusted public figures to exploit what psychologists call "social proof" - the tendency for people to follow others they perceive as successful or authoritative. Many of the targeted celebrities have publicly denied any involvement with these schemes."These scam websites try to trick consumers into thinking they can make big returns and use unauthorised celebrity images to give credibility," said ASIC Commissioner Alan Kirkland. "Whenever you see a website, social media post or message offering an investment that claims to deliver outsized or guaranteed financial returns, always remember to stop, check and protect."The regulator saw particularly heavy activity in July, when scammers apparently tried to capitalize on increased consumer interest in finances at the start of the new financial year.A similar issue was recently highlighted in neighboring New Zealand, which reported a scheme involving fake accounts impersonating local celebrities on Facebook. These accounts directed users to trading groups on WhatsApp, which in most cases turned out to be scams.AI Enables Rapid Scaling of FraudThe rise of artificial intelligence has allowed scammers to expand their operations at unprecedented scale. ASIC has observed several troubling trends in recent months, including fake trading platforms, professionally designed cloned websites, fabricated news articles promoting fraudulent schemes, and "AI trading bot" products promising impossible returns.Investment scams cost Australians $945 million in 2024, making them the leading cause of financial fraud losses according to the National Anti-Scam Centre.ASIC has now extended its takedown capabilities beyond websites to include investment scam advertising on social media platforms, recognizing that many fraud schemes begin with targeted ads that lure victims to fake investment sites.Related: Don’t Trust Fake Elon Musk Encouraging You to Invest, Warns RegulatorRegulator Boosts Enforcement ActivityThe celebrity scam crackdown comes as ASIC undergoes a significant transformation under Chair Joe Longo, with new commissioners and leadership driving a more aggressive enforcement approach. The agency launched 50% more investigations over the past year and initiated nearly 20% more civil enforcement proceedings compared to the previous period."That transformation is key to ensuring ASIC can continue to serve the Australian community," Longo said. "The operating environment for our financial ecosystem is increasingly complicated and that requires a well-calibrated response from ASIC."The regulator is currently removing an average of 130 malicious websites every week, with fake investment platforms, phishing sites and crypto scams making up the bulk of takedowns. Since launching the program two years ago, ASIC has shuttered more than 14,000 investment scam and phishing websites.New Rules Target AI Trading SystemsASIC is also moving to modernize its market integrity rules to keep pace with technological developments, including artificial intelligence in trading systems. The regulator estimates that algorithmic trading now comprises about 85% of all trading in Australian listed equities markets.The proposed changes would extend principles-based rules to cover participants' development, testing and monitoring of trading algorithms, while requiring "kill switches" to immediately suspend problematic automated trading activity."During periods of heightened volatility, financial markets may be especially vulnerable to risks from unexpected activity by trading algorithms or AI," ASIC noted in its consultation document.Super Switching Schemes Also Target ConsumersASIC has separately warned consumers about aggressive superannuation switching schemes that often begin with social media ads for free super "health checks" or help finding lost retirement funds. These operations typically use high-pressure sales tactics and promises of unrealistic returns.The regulator advises consumers to hang up if they feel pressured and remember that moving superannuation funds is a major financial decision that shouldn't be made hastily.ASIC has also extended relief for hardship withdrawals from frozen managed investment schemes for another 18 months while it conducts further consultation on the rules. This article was written by Damian Chmiel at www.financemagnates.com.

Stratos Markets Limited, the FCA-regulated contract-for-differences (CFDs) trading platform operating under the FXCM UK brand, turned around its revenue picture in 2024 after posting a small positive turnover of $103,606 compared to a $1.68 million loss the previous year.Turnover at FXCM UK Rose by More Than 106%The London-based firm saw retail trading volumes drop 19.2% to $243 billion during 2024, while client cash holdings fell nearly 30% to $88.8 million from $125.7 million in 2023. Despite the volume decline, the company managed to improve its top-line performance by 106.2% year-over-year.However, Stratos Markets Limited still posted a net loss of $2.02 million for 2024, an improvement from the $2.52 million loss in 2023. For comparison, in 2022 the company generated a net profit of just under 800,000 dollars. FXCM UK's revenue depends heavily on trading commissions from hedging client trades with affiliate entities and benefits when market volatility drives more trading activity.The table below shows key performance indicators (KPIs) for Stratos Markets Limited for 2024 compared to 2023:According to the report, market volatility worked against the firm last year. The VIX average, a key measure of market volatility, dropped to 15.5 in 2024 from 16.85 in 2023. Lower volatility typically translates to reduced trading activity and less revenue for CFD platforms like FXCM UK.Share TradingThe company absorbed significant costs related to what it calls a "strategic transformation" of its technology and product offerings. Stratos Markets Limited took a $6.15 million transfer pricing adjustment in 2024, down from $10 million the year before, as parent company Jefferies allocated development expenses across the group.Stratos launched its new "Tradu" brand in 2023 and rolled out an associated trading platform in early 2024. The firm also began offering share trading through a third-party provider during the year and launched eWallet services to customers in January 2025.The company maintains regulatory capital well above minimum requirements. Its Tier 1 capital stood at $60.5 million as of December 31, compared to total capital requirements of $4.4 million under UK investment firm prudential rules.You may also like: FXCM Veteran Sameer Bhopale Takes Up New CMO Role at FYNXTStructural ChangesJefferies Financial Group acquired full control of Stratos Markets Limited in September 2023 after the previous co-owner, Global Brokerage Holdings, defaulted on loan obligations and entered bankruptcy proceedings.A year earlier, FXCM’s UK unit was known as Forex Capital Markets Limited, but on September 10, 2023, it adopted the new name Stratos Markets Limited. The change followed a similar move by FXCM’s Cyprus subsidiary, FXCM EU Ltd, which rebranded as Stratos Europe Ltd as part of the group’s wider effort to unify the names of its European entities. This article was written by Damian Chmiel at www.financemagnates.com.

Monex Group is considering launching a yen-pegged stablecoin and is in final talks to acquire a European crypto-related company. Chairman Oki Matsumoto said in a TV Tokyo interview that the group must act on stablecoins or risk falling behind.Yen-Pegged Digital Currency on the HorizonMatsumoto said Monex is considering issuing a stablecoin backed by Japanese government bonds and redeemable one-to-one with the yen. He pointed to international remittances and corporate settlements as likely use cases.The company plans to draw on its local crypto exchange Coincheck and Monex Securities brokerage to expand the offering. “Issuing a stablecoin requires significant scheming and capital, but if we don’t handle it, we won’t be able to keep up with the times,” Matsumoto said.Stablecoin projects are gathering pace in Japan after regulators eased rules last year. The Financial Services Agency approved startup JPYC as the first domestic issuer this month, while SBI Holdings and Sumitomo Mitsui Banking Corporation have announced plans to explore issuance. Circle’s USDC was also cleared for local use in March.The shift mirrors global trends. This summer, the United States passed legislation to boost credibility for dollar-pegged tokens.Global Expansion StrategyMatsumoto added that Monex is close to announcing the purchase of a European blockchain company, with final negotiations underway. The deal would follow the Nasdaq listing of Coincheck Group last December, which the chairman said would support further acquisitions abroad.Meanwhile, Monex Europe Holdings Limited (MEHL) ended 2024 in the red despite an uptick in trading revenues, as the foreign exchange services provider poured resources into technology upgrades and restructuring efforts.The subsidiary reported a pre-tax loss of £2.3 million, narrowing from a £5.3 million loss in 2023. Meanwhile, net trading income rose to £77.2 million, up from £73.3 million the previous year.Read more: FX Services Firm Monex Europe Holding Limited Posts £2.3 Million Annual LossThe company said the losses stemmed largely from one-off expenses tied to what it described as a “structural reorganization and transformation program.” Despite the setback, the group framed the spending as part of a longer-term strategy to strengthen its competitive edge in Europe’s FX market.Alongside the restructuring, Monex advanced its European expansion by securing investment and payment licenses in Spain early last year. This article was written by Jared Kirui at www.financemagnates.com.

Billionaire trader Alex Gerko earned £682mn from his firm XTX Markets in 2024, according to filings cited by the Financial Times. £1.28bn Shared Among Founder and TradersA total of £1.28bn was distributed between Gerko and 30 quantitative traders last year. The group of traders received £597million while Gerko took the largest share.The payout was reportedly the biggest in XTX’s ten-year history and represented a 71% increase on the £747 million distributed in 2023. The number of profit-sharing traders rose from 25 to 30 over the year.Read more: XTX Markets Posts 50% Profit Jump to £1.28 Billion on Trading SurgeXTX recorded £1.3bn in post-tax profits in 2024, a 54% rise on the previous year. That performance put the firm among the UK’s most profitable private businesses.The company uses large-scale computing power to exploit small price discrepancies across global markets. It reportedly processes around $250bn worth of trades every day and operates on currency, debt, equity, commodity, and crypto markets. Its models are powered by 25,000 AI chips, mostly sourced from Nvidia.Leadership and InvestmentsGerko owns about 75% of the company and has traditionally managed XTX alongside a co-chief executive. Former JPMorgan executive Hans Buehler was the most recent co-head before stepping down this summer to return to academia, the FT noted.XTX is investing €1bn in a new data centre in Finland to handle its growing computing needs. Gerko is now among the UK’s wealthiest people and the country’s largest individual taxpayer, according to Sunday Times estimates. Last year, he lost a legal battle with Britain’s tax authorities over the treatment of a deferred payment plan, Bloomberg reported. The ruling left him facing a £22.5 million ($29.1 million) tax bill, which he has argued amounts to double taxation.Related: UK's Court Rules against Billionaire Quant Trader Alex Gerko in £22.5M Tax Dispute: ReportThe case centered on Gerko’s time at GSA Capital Partners, where he worked between 2010 and 2015. Appeal judges concluded that Gerko and several other traders must pay income tax on their share of trading profits, rejecting their challenge to the tax authority’s position.The dispute involved whether profits from a deferred payment scheme, first allocated to an internal investment unit before being distributed to the traders, should be subject to both corporation tax and higher-rate income tax. The court’s decision affirmed HM Revenue and Customs’ stance, ending a years-long battle over the structure. This article was written by Jared Kirui at www.financemagnates.com.

Police conducted a raid on a commercial building in Bangsar South in Malaysia this afternoon, targeting a call center linked to fraud and online gambling activities. More than 100 individuals were arrested during the operation.Call Center Raid Targets Online GamblingAccording to sources, officers searched at least five floors of the building. Hundreds of men and women were detained throughout the operation. At least seven police trucks were deployed to transport the detainees to local police stations for further investigation, as reported by ChinaPress. Police later sent five additional trucks to remove more individuals from the building.Police Raid Unlicensed CFD Firms GloballyAuthorities in several countries have conducted raids on firms and call centers involved in CFD and forex trading, often citing unlicensed operations and fraudulent practices. These operations have targeted both local and international clients, highlighting regulatory concerns in multiple jurisdictions.Similar actions occurred in Poland, where police detained 20 individuals from Amplio Investments. The firm reportedly provided unlicensed investment advice to clients across several countries, including Italy, Russia, and Kazakhstan. Victims reported losses linked to misleading guidance and high-risk investments.Other cases include raids in Somalia and Cyprus. In Somalia, authorities inspected affiliate offices of a trading education provider, while in Cyprus, an unregulated call center was targeted for allegedly running fraudulent investment schemes. Arrests and investigations followed in both locations.Malaysian Police Probe Online Investment SchemeEarlier, Malaysian authorities received multiple complaints against a fraudulent offshore forex broker, with reported losses exceeding USD 5.3 million since 2019. The scheme promised monthly returns of 4–7% and used online platforms to attract clients.Authorities are investigating several cases, which could result in prison, fines, or corporal punishment. A clone platform offering similar investment schemes has also been identified. Offshore regulators, including in Cyprus and Hong Kong, have taken action over management and licensing concerns. This article was written by Tareq Sikder at www.financemagnates.com.

FTMO has announced its return to the U.S. market. The company will collaborate with OANDA, a U.S.-regulated broker. The partnership allows U.S. residents to access FTMO’s educational tools and simulated trading platforms.FTMO Expansion Separate from OANDA AcquisitionParticipants can earn rewards by trading with simulated capital through the FTMO Rewards Account. The partnership is separate from FTMO Group’s pending acquisition of OANDA Global Corporation via CVC Asia Fund IV. That deal remains subject to regulatory approval.The FTMO Group provides educational and training services globally. Since 2015, it has allowed over four million users to test and improve trading skills and risk management without using real money.FTMO | Now in the United States ??We're here. Join US.FTMO: https://t.co/WGafjXdgLDFTMO US: https://t.co/RdkLL6U45V pic.twitter.com/fc2of4vqo0— FTMO.com (@FTMO_com) August 26, 2025FTMO Resumes U.S. Access With OANDAOANDA, founded in 1996, is a global multi-asset trading broker. It offers trading across asset classes, currency market data, and analytical tools. The firm has regulated entities and teams in key financial centers, including New York, Toronto, London, Warsaw, Singapore, Tokyo, and Sydney.You may find it interesting at FinanceMagnates.com: FTMO Was Cash Rich Before OANDA Deal: Ended 2023 with $82 Million in Hand.FTMO previously suspended services to U.S. clients due to regulatory and operational challenges. Its return offers U.S. users access to its platform. All FTMO offerings remain educational and simulated, with no real capital trading or financial transactions involved.Red Bulls Extend Partnership With OANDAMeanwhile, the New York Red Bulls have extended their partnership with OANDA, the club’s Official Forex Trading Partner since 2022. Under the agreement, OANDA’s logo will remain on first-team apparel, including jerseys and jackets.The company will provide content for supporters, present club programs such as Transactions and Starting XI, and display branding at Sports Illustrated Stadium. OANDA will also offer clients exclusive hospitality access at Red Bulls and Red Bull events, continuing its role in supporting fan engagement and club activities.Prop Firm FTMO Posts Revenue GrowthFTMO did not disclose the financial details of its acquisition of OANDA. FinanceMagnates.com previously reported that CVC acquired OANDA in 2018 at an estimated valuation of $162.5 million.In 2023, FTMO generated nearly $213 million in revenue, a 20 per cent increase from the previous year. EBITDA for the year reached around $100 million. The company’s 2023 annual report shows a pre-tax profit of $98 million, up over 31 per cent from $74.5 million in 2022. After taxes, net profit was $79.3 million. This article was written by Tareq Sikder at www.financemagnates.com.

Forex and CFD broker OneRoyal has announced a title sponsorship deal with the Bangladesh Cricket Club in Oman for the 2025–2026 season. “This partnership strengthens our presence in the ISC region and reflects our commitment to community engagement through sport,” OneRoyal mentioned in a LinkedIn Post. “Expect to see OneRoyal across tournaments, training camps, and local events all season long!”In May, OneRoyal opened a new office in Oman as part of its ongoing Middle East and North Africa (MENA) expansion strategy. The move highlighted the growing trend of international brokers establishing a presence in Gulf countries beyond Dubai, which remains the region’s primary hub.Expanding Presence in the Middle EastThe new entity, One Royal International SPC, is headquartered in Muscat, Oman’s capital, and represents the company’s latest step in strengthening its footprint across the Gulf. The Sultanate has so far attracted limited brokerage activity, with CFI Financial being the only other major firm to secure a license from the country’s Capital Markets Authority.CFI Financial, a regional rival, received regulatory approval in 2023 to establish its Omani unit, CFI Oman L.L.C. That entity became the group’s fourth subsidiary in the MENA region, adding to its earlier expansions into Egypt, Kuwait, and Palestine.Retail trading platforms are increasingly turning to sports to boost their visibility, with several new sponsorship deals announced across Europe, Asia, and beyond.Brokers Turn to Sport SponsorshipsWeltrade signed Bayern Munich forward Luis Díaz as its new brand ambassador. The deal kicks off a campaign branded “Faster, Better, Stronger,” designed to strengthen the company’s presence across Asian markets, where football remains a key cultural and commercial driver.In Central Europe, iFOREX Europe struck a jersey sponsorship deal with Ferencvárosi TC, Hungary’s most decorated football club and current league champions. The Cyprus-based broker will feature as the official back-of-shirt sponsor, marking a major marketing step in a region where the team recently secured its 36th national title.Meanwhile, Australia’s Mitrade is betting on global champions Argentina to boost its user base. The broker has been named the official regional CFD sponsor of the Argentine national football team, with the partnership aimed at capitalizing on the squad’s worldwide popularity, particularly in Southeast Asia and Australia. This article was written by Jared Kirui at www.financemagnates.com.

Spotware, the developer of the multi-asset trading platform cTrader, has released version 5.4 of its platform. The update introduces native Python support for algorithmic trading, WebView plugins for mobile integration, and an advanced risk-reward tool. The release also includes expanded APIs and enhanced charting features.cBots, Indicators Now Built with PythonWith Python support, traders and developers can now create cBots, indicators, and plugins using one of the world’s most widely used programming languages. This complements existing C# support and provides greater accessibility for algorithm design. Linux users can access cTrader through an officially supported Docker image, allowing full console functionality, including running cBots and performing backtests.“With native Python support within cTrader, we are opening the platform to an even wider community of algo developers, giving them the freedom to work in the language that suits them best,” commented Ilia Iarovitcyn, CEO of Spotware.Plugins Gain Custom Settings, Dashboard IntegrationThe update brings expanded API capabilities. Developers can now include user-configurable settings in plugins, embed custom pages and dashboards in the main interface, and display indicator outputs as bars or candles. You may find it interesting at FinanceMagnates.com: cBroker Latest Update Puts Trader Sessions Under Microscope.Additional API features allow chart frame activation, registration of custom hotkeys, and deeper integration for algorithmic workflows.Charting Upgrades Improve Data Visualization ToolsOn mobile, WebView plugins enable the integration of third-party tools, technical analysis widgets, and market dashboards directly into the app. Charting features have also been upgraded. Read More: cTrader Adds Python Support in Bid to Capture Market Share from Rivals.A new time axis improves historical data visualization, while preset date ranges and a “Go to” function allow faster navigation through charts. The interface has been redesigned with full-screen configuration options, colour themes, and automatic time zone detection.Risk-Reward Tool Added for MacFor Mac users, the update introduces a risk-reward tool. Traders can calculate deal volumes based on risk tolerance or target reward. Stop-loss and take-profit levels can be aligned automatically. Mac APIs have also been expanded, including interfaces for risk-reward visualization, price alerts, inter-algo messaging, transaction tracking, and content tabbing. This article was written by Tareq Sikder at www.financemagnates.com.

XRPUSD staged a bullish correction on the H1 chart but faces resistance near $2.93. Traders are watching this level closely for clues on the token’s next intraday move.Crypto analyst warns that XRP could see significant gains or steep losses, depending on key support levels. Sustained support may fuel a rally, while a breakdown could trigger a sharp correction. Toncoin is also flagged for potential upside.XRP Faces Binary Outlook: Rally or Correction AheadIn a new technical analysis, CoinsKid outlines a pivotal scenario for XRP, currently trading near $2.90. The analyst’s primary projection is bullish, with a minimum price target of $4.13, described as a potential “fifth wave” in the current market cycle. Read More: XRP Is Falling, But This Crypto Analyst’s New Price Prediction Suggests 1,000% Surge.Short-term momentum depends on XRP holding above the Bull Market Support Band around $2.66, while the broader bullish thesis hinges on defending $1.91. A break below that level would likely trigger a “macro correction.”The report also notes that a surge above $4 could create a “whopping bearish divergence” on weekly charts, potentially leading to a pullback.XRP Price Forecast: Analysts Outline Key Levels and RisksDeepSeek AI projects that XRP could trade in a range of roughly $3.50 to $5.00 by the end of 2025, assuming a largely favorable legal outcome for Ripple. The forecast also factors in broader market conditions, including Bitcoin’s performance.Analyst James Crypto Space notes that if XRP follows a historical fractal pattern from 2017, it could reach around $9 by early September after breaking key resistance levels.Technical indicators, including a TD Sequential sell signal on the three-day chart, suggest the possibility of short-term consolidation or modest downward movement.Medium-term projections range between $4.50 and $9.00 by 2026–2027, while long-term estimates extend to $8.00–$15.00 by 2030, influenced by regulatory developments and adoption trends.Market analyst Zack Rector expects XRP could reach $5 in the near term and potentially up to $15 by September, noting that market volatility may affect outcomes. This article was written by Tareq Sikder at www.financemagnates.com.

The answer to "Why is Bitcoin going down today?" lies in a perfect storm of technical breakdowns, massive whale selling, and overleveraged positioning that has sent Bitcoin (BTC) price tumbling to its lowest levels in seven weeks. The cryptocurrency has already tested levels below 109,000 dollars, and although it has rebounded above local support, the newest BTC price predictions and my technical analysis suggest that at this point Bitcoin may still have room for further declines.Bitcoin Price Today: Current Market DataAs of today (Tuesday), August 26, 2025, Bitcoin trades at $110,185, down 2.83% from yesterday and marking an 11% decline from its August 14 all-time high of $124,533.Bitcoin's decline intensified after a major whale dumped 24,000 BTC worth over $2.7 billion, causing the cryptocurrency to briefly fall below $109,000 on Monday. The selling pressure erased all gains from Federal Reserve Chair Jerome Powell's dovish Jackson Hole speech, which had initially pushed Bitcoin above $117,000 on Friday.Key Bitcoin price metrics:Current price: $110,185 (August 26, 2025)24-hour change: -2.83%Weekly decline: -7% since Powell's speechMonthly correction: 11% from $124,533 ATHMarket cap impact: Nearly $200 billion wiped from crypto marketsThe selloff triggered the largest liquidation event of the year, with $900 million in leveraged positions getting forcibly closed across crypto derivatives markets.Why is Bitcoin Price Going Down Today? 5 Main Reason1. Whale Selling Triggers Flash CrasheToro analyst Simon Peters confirms the primary catalyst: "Bitcoin has slumped lower and is now trading at $110,000 after a whale reportedly sold over 24,000 bitcoin (approximately $2.4 billion) on Sunday triggering a flash-crash". This whale, likely an early Bitcoin adopter from the "Satoshi era," had purchased Bitcoin at around $10 or lower, making current prices extremely profitable for exit strategies.Yesterday saw one of the largest #Bitcoin long liquidation events since Dec 2024, with over $150M in longs wiped out as price moved lower. pic.twitter.com/okCNBMWl0j— glassnode (@glassnode) August 25, 20252. Technical Breakdown Confirms Bearish ShiftBitcoin's technical outlook deteriorated significantly, with the cryptocurrency falling below the 100-day simple moving average for the first time since April 22, 2025. The price also dropped below the Ichimoku cloud, indicating a bearish shift in momentum. These dual breakdowns mirror the February pattern that preceded a deeper selloff to $75,000.3. Overleveraged Positioning Gets SqueezedThe sharp move resulted from overleveraged positioning particularly following recent run-ups. Bitcoin traders faced $277 million in forced liquidations, while Ethereum saw $320 million wiped out. Total liquidations across all cryptocurrencies exceeded $900 million, with 90% being long positions betting on higher prices.4. Market Structure Reveals FragilityJamie Elkaleh, Chief Marketing Officer at Bitget Wallet, explains the deeper issue: "Bitcoin's flash crash highlighted the market's ongoing liquidity challenges. ETF outflows and weaker on-chain activity have left order books thin, meaning large transactions, like August's $2.7B whale sale, can quickly trigger cascading liquidations in over-leveraged futures markets."5. Seasonal Headwinds Add PressurePeters notes an ominous pattern: "September tends to be a month of the year, more often than not, which has seen a negative performance for the bitcoin price." Historical data shows September brings the weakest returns for BTC with average losses of 3.77% during bull market years.You may also like: Bulls Target $140K BTC as Crypto Rally AcceleratesBitcoin Technical Analysis Targets $100KBased on my technical analysis, since breaking the trendline drawn from the April lows, bears have temporarily taken control of the BTC chart. At the moment, Bitcoin is testing the support zone located between 110,000 and 112,000 dollars. If this zone is decisively breached, in my view, Bitcoin could open the way toward the 200 EMA, just below 104,000 dollars, and ultimately to the 50% Fibonacci retracement, which coincides with the psychological 100,000-dollar level.Ethereum And XRP Price Down: Altcoins Are Falling TooWhile Bitcoin suffered significant losses, other major cryptocurrencies showed varied performance. Ethereum (ETH) declined 8% over 24 hours but continues trading above its 100-day SMA and Ichimoku cloud, maintaining relative strength.XRP held better ground, remaining above its 100-day moving average though stuck within the Ichimoku cloud, a zone of uncertainty. Solana (SOL) also maintained its position above key technical levels, suggesting potential outperformance if risk appetite returns.The divergence suggests potential rotation from Bitcoin to altcoins, with analysts expecting Ethereum and SOL to outperform BTC if markets stabilize.Bitcoin Price Prediction: Institutional vs Retail DivideBearish Scenarios DominateTechnical analysts point to several downside targets if current support levels fail:$105,300 (38.2% Fibonacci retracement)$100,000 (psychological support and 200-day SMA)$75,000 (aggressive bear target, echoing Peter Schiff's prediction)Market pricing shows 35% implied odds for Bitcoin to revisit $100,000 by September-end, up from 20% last week.However, there are also voices suggesting that Bitcoin’s price could rebound toward $200,000 before the end of the year. Such an ambitious forecast has been presented, among others, by Standard Chartered."The weakness in the near-term conviction among retail traders has not recalibrated the conviction of institutional and sovereign buyers, who are quietly using this dip period to scale in and extend their BTC exposure," Leo Zhao, Investment Director at MEXC Ventures, commented. "Bitcoin now sits at a critical inflexion point, where it could enter a period of consolidation between $110,000 and $120,000. The long-term picture, however, remains underpinned by institutional accumulation. Bitcoin retains the structural foundation for another attempt at record highs of $130,000 before the EOY."Institutional Accumulation ContinuesDespite retail liquidations, Elkaleh notes a key divergence: "The split between retail liquidations and institutional accumulation reflects a market that is maturing. Retail traders, often exposed to high leverage, are forced out during corrections, while institutions use these episodes to accumulate strategically."MicroStrategy's continued buying exemplifies this trend, with the company having accumulated over 628,000 Bitcoin worth more than $71 billion at current prices. Their strategy of buying near highs demonstrates institutional confidence in Bitcoin's long-term trajectory.Economic Data Could Provide ReliefPeters sees potential catalysts ahead: "There may be some hope for the crypto markets to mark a comeback this week though, as we have more economic data in the form of GDP figures, unemployment claims and PCE inflation data coming out from the US. A slowing economy, higher unemployment claims and cooling inflation may boost cryptoasset prices."FAQ: Bitcoin Price DeclineWhy did Bitcoin crash below $110K today?A whale sold $2.7B worth of Bitcoin, triggering massive liquidations and technical breakdowns below key moving averages.What are the key support levels for Bitcoin?$105,390 (38.2% Fibonacci) and $100,928 (200-day SMA) represent critical support zones.Could Bitcoin fall further?Yes. Technical patterns suggest potential drops to $100K or lower if current supports fail, with some targeting $75K.Are institutions still buying Bitcoin?Yes. Companies like MicroStrategy continue accumulating despite volatility, suggesting long-term confidence remains intact. This article was written by Damian Chmiel at www.financemagnates.com.

Capital.com is planning to enter the Japanese retail brokerage market and is seeking a local licence, FinanceMagnates.com has learned exclusively. “As part of our global expansion strategy, Capital.com is exploring new licences in several markets, including Japan,” a Capital.com representative confirmed to FinanceMagnates.com, adding: “We are in the early stages of building a local team in Japan to support this initiative.”Capital.com Plans for JapanIndeed, the broker is already looking for a Head of Compliance for Japan.The responsibilities include “liaising with the group executive management and the local authorities for the purpose of the firm’s licence application(s).”The role also requires the candidate to have worked in a licensed capacity and to understand Japanese regulations.FinanceMagnates.com recently reported that Capital.com might also be preparing to launch physical cryptocurrency products and services.However, the broker did not specify the products it will offer in the Japanese markets."While it is too early to confirm specific products, our focus remains on ensuring that any services we launch meet the highest standards of compliance, transparency, and client support," the representative added.Capital.com, owned by billionaire Viktor Prokopenya, has grown rapidly since its launch in 2017. It offers contracts for differences (CFDs) under authorisation from regulators in the UK, Cyprus, the UAE, the Bahamas, and the Seychelles.A Market Dominated by Local GiantsJapan dominates retail forex trading. However, local giants like DMM, GMO Click, Gaitame, and Hirose capture most of the domestic market.The Japanese unit of IG is the only international broker to establish itself in the CFDs market there. However, it recently discontinued its introductory trading programme for new clients, citing changes to product sizes that have altered trading conditions.Interestingly, several established foreign brokers have entered the Japanese market over the past few years. Australia-headquartered ThinkMarkets acquired local FX firm Japan Affiliate in 2021 and launched services in the country the following year.Plus500 also acquired a Japanese broker in 2022. The London-listed broker recently obtained a new commodities licence in Japan, which allows it to expand its OTC offering to the commodities asset class. This article was written by Arnab Shome at www.financemagnates.com.

Alchemy Markets, a regulated multi-asset brokerage, announces the launch of its new Copy Trading mobile application, designed to simplify access to the markets by connecting retail traders with top-performing investors.The platform introduces a two-sided ecosystem that enables beginner traders to seamlessly replicate the strategies of proven professionals, while giving experienced traders the opportunity to monetize their expertise and grow their following.“This launch reflects our ongoing commitment to accessible and strategy-driven trading,” said Bobby Winters, Group COO at Alchemy Markets. “Our Copy Trading platform creates a dynamic environment where skilled traders can showcase their performance and earn from it, while new and time-conscious investors gain transparent access to tested strategies, all in real time.”A Smarter Way to Engage with the MarketsWith the new Alchemy Markets app, users can explore a curated library of verified trading strategies directly from their mobile device. Each strategy profile includes:· Historical performance data· Risk metrics and drawdown levels· Asset preferences· Trade frequency insightsOnce a strategy is selected, trades are automatically mirrored onto the user’s MetaTrader 4 or 5 (MT4/5) account, ensuring seamless integration without manual execution.Users maintain full control over their capital, with the ability to:· Adjust risk exposure· Set maximum drawdowns· Stop copying at any timeAvailable on both iOS and Android, the app delivers secure, intuitive access for traders looking to participate actively or passively.Monetization Opportunities for Skilled TradersFor professional traders, the platform opens a direct path to generate revenue by becoming a Strategy Provider. Through the app, they can:· Share their strategies and earn performance-based fees· Build a public trading profile to grow their brand and visibility· Maintain control over their trading style, portfolio, and risk approachPerformance transparency plays a central role, as verified results drive credibility and attract a global audience of potential followers.“This isn’t just a tool, it’s a community where consistent performance is rewarded,” Winters added. “By empowering Strategy Providers to showcase their skills, we’re raising the standard of quality within the trading ecosystem.”Security, Transparency, and SpeedBuilt on Alchemy’s regulated trading infrastructure, the Copy Trading app connects directly to its existing MT4/5 environment, providing:· Deep institutional liquidity· Ultra-fast execution speeds· Reliable compliance and risk safeguardsReal-time portfolio tracking, activity logs, and educational resources further empower users to make informed decisions and stay engaged with their performance.Joining is Simple1. Users can open an Alchemy Markets MT4/5 account2. Users can download the Copy Trading app on iOS or Android.3. Users can explore verified strategies and start trading smarterFor more details, users can visit the platform’s Copy Trading page. About Alchemy MarketsAlchemy Markets (http://www.alchemymarkets.com) is a multi-asset brokerage offering access to forex, indices, commodities, and cryptocurrencies through MT4, MT5, and web-based platforms. With a focus on transparency, technology, and trader empowerment, the company serves both retail and institutional clients across global markets. Alchemy is regulated and committed to providing tools that help traders of all levels engage the markets with confidence. This article was written by FM Contributors at www.financemagnates.com.

Ultima Markets, which recently gained a United Kingdom licence, has strengthened its top management by onboarding Gareth Derbyshire as the Chief Strategy Officer, FinanceMagnates.com has learned exclusively.Ultima Markets’ Push for the UKThe appointment came as the broker prepares to launch its services in the United Kingdom next year, after recently securing a Financial Conduct Authority (FCA) licence.Derbyshire is a compliance expert who spent years working with several top forex and contracts for differences (CFDs) brands in London. He has about 25 years of experience in compliance within the wider financial services industry.He entered the retail trading industry in 2010, becoming CMC Markets’ Head of Compliance for the UK and Europe, a role he held for over two years. He later joined the UK unit of Plus500 as Head of Compliance and moved to ETX Capital in late 2015 as Head of Compliance & MLRO.ETX Capital was later rebranded to OvalX a few years after Derbyshire's exit and eventually shuttered in March 2023. Capital.com bought OvalX's client book.A New Name among Big NamesMeanwhile, Ultima Markets’ prospective entry into the UK shows the potential of the saturated UK market for non-London-based brokers. Although the UK retail leveraged trading market is dominated by names like IG and CMC Markets, an Ultima spokesperson earlier said that it “can find our space in the mature market and opportunities” and “provide value to UK traders.”Read more: “Traders Gravitate Towards Established Names, We Must Build Trust”“The decision to enter the market was not taken lightly,” the spokesperson added.Apart from the newly obtained FCA licence, Ultima also holds licences from regulators in South Africa and Mauritius. The broker’s primary market appears to be the Asia Pacific, which is considered one of the top growth regions. This article was written by Arnab Shome at www.financemagnates.com.