Author: Chief Editor

Crypto.com acquires Fintek Securities to expand its regulated offerings in Australia, providing derivatives, forex, and deposit services. Crypto.com announced its acquisition of Fintek Securities, an Australian brokerage with an Australian Financial Services Licence (AFSL) regulated by ASIC. This move represents a significant step in Crypto.com strategy to bridge traditional finance with cryptocurrency, offering users a comprehensive range of services, including derivatives, foreign exchange, and deposits. Kris Marszalek, CEO of Crypto.com, highlighted the company’s vision to create a unified financial platform, emphasizing seamless user experiences and enhanced rewards. This acquisition builds on Crypto.com earlier entry into the Australian market through its…

FunderPro integrates the cTrader platform, providing traders with advanced tools, real-time insights, and daily payout capabilities. cTrader’s customization and Open API allow FunderPro to streamline operations, integrate third-party services, and enhance trading efficiency. FunderPro has announced the integration of the cTrader platform, signaling a strategic step to elevate its trading technology. This partnership enables FunderPro traders to access cTrader advanced tools, offering real-time insights, flexibility, and an enhanced trading experience. Petros Kalaitzis, Chief Strategy Officer at FunderPro, highlighted that cTrader user-friendly interface, precise market data, and real-funds compatibility align with the firm’s mission to empower traders. The platform’s customization options,…

Axi proposes a AUD $52 million acquisition of SelfWealth with an offer of AUD $0.23 per share. SelfWealth shares surge to AUD $0.25, exceeding Axi and Bell Financial competing bids amid market speculation of higher offers. Australia-based retail FX and CFDs broker Axi has submitted a proposal to acquire SelfWealth Ltd, a publicly listed low-cost trading platform. AxiCorp Financial Services Pty Ltd, offered AUD $0.23 per share, valuing SelfWealth at AUD $52 million (USD $34 million). This bid slightly surpasses the AUD $0.22 per share offer from Bell Financial Group Limited, another Australian online broker. SelfWealth shares have been trading…

Zenfinex partners with Your Bourse to enhance liquidity services, offering advanced trading tools and seamless integration for clients. Zenfinex has entered a strategic partnership with Your Bourse, a leading technology provider specializing in risk management and trade execution. This collaboration aims to enhance Zenfinex trading services by integrating advanced technology to provide seamless liquidity solutions across multiple asset classes. The partnership brings significant advantages for Zenfinex clients, including brokers, asset managers, and hedge funds. With access to Your Bourse’s suite of trading tools, such as MT4 Bridge, MT5 Gateway, and FIX API integration, Zenfinex will deliver faster execution speeds, enhanced…

CFI Financial Group appoints Ahmad Khatib and Ziad Melhem as top executives to drive business development and enhance marketing strategies. CFI Financial Group has appointed Ahmad Khatib as Chief Business Development Officer and Ziad Melhem as Chief Marketing Officer. Both bring extensive experience from their years at Amana Capital, where Ahmad Khatib served as the founding CEO for 12 years and Ziad Melhem held roles as Chief Marketing Officer and later Chief Business Development Officer. With this appointment, Ahmad Khatib will lead CFI market strategies and objectives, aiming to make the broker more agile and competitive. Ziad Melhem will drive…

CySEC begins accepting CASP licence applications, preparing for MiCA full implementation across the European Economic Area by December 2024. The MiCA framework introduces unified EU crypto regulations, replacing local rules and enabling licence passporting for streamlined cross-border operations. The Cyprus Securities and Exchange Commission (CySEC) has announced that it is now accepting Crypto Asset Service Provider (CASP) licence applications for preliminary assessment under the upcoming Markets in Crypto-Assets Regulation (MiCA). The move comes as the European Economic Area prepares for the full implementation of MiCA, set to take effect on December 30, 2024. CySEC’s Chairman, Dr. George Theocharides, emphasized the…

Darwinex alerts clients to update MetaTrader terminals by December 1, as older versions will lose server access after this deadline. MetaTrader 4 and 5 users at Darwinex must upgrade to supported versions to avoid trading disruptions starting December 1, 2024. Darwinex has issued an important update for its clients, advising them to upgrade their MetaTrader 4 and MetaTrader 5 terminals to the latest versions before December 1, 2024. From this date onward, only MetaTrader 4 build 1420 (released May 24) and MetaTrader 5 build 4410 (released June 21) will be supported. Any older versions will no longer connect to Darwinex…

Salim Sebbata joins Capital.com’s London team as Head of M&A, highlighting the broker’s focus on strategic acquisitions in FX and CFDs. Capital.com has appointed FX and CFDs industry executive Salim Sebbata as Head of M&A and Corporate Development in its London office. His new role will involve identifying strategic opportunities to further Capital.com growth in the competitive online trading market. Sebbata previously played a pivotal role in launching Amsterdam-based neobroker BUX and served as CEO of BUX UK before joining UAE-based APM Capital. His career also includes leadership roles at Livemarkets Ltd., Trade.com, Merrill Lynch, and E*TRADE, making him a…

The Netherlands’ AFM issues a penalty on Vantage Markets for non-cooperation in its probe into unlicensed investment services. Vantage Markets faces daily penalties of €10,000, up to €100,000, for failing to meet the AFM’s information requests. The Netherlands’ Financial Markets Authority (AFM) has imposed a penalty payment order on Vantage Global Limited, also known as Vantage Markets, due to the company’s lack of cooperation in an ongoing investigation. The AFM is examining whether Vantage Markets, a Vanuatu-based firm offering high-risk financial instruments like Contracts for Differences (CFDs) to retail investors, has been illegally providing investment services within the Netherlands without…

FXGT.com launches FXGT App for mobile and FXGT.com Trader for desktop, enhancing trading efficiency with one-click functionality and real-time updates. New FXGT.com platforms offer multilingual support, integrated economic calendar, and multi-chart options, providing users seamless access to global markets. FXGT.com has introduced two innovative trading platforms to boost accessibility and efficiency for mobile and desktop traders: the FXGT App and FXGT.com Trader. The FXGT App provides a seamless experience for portfolio management, featuring one-click trading for swift order execution—a valuable tool in volatile markets. It also includes multilingual support, real-time market updates, and an integrated economic calendar to keep traders…