FX Weekly Round Up, covering the most impactful events in the foreign exchange industry from 03-Feb-25 to 07-Feb-25. This week, we bring you the top news stories that have shaped the forex markets.
Below are the best news to keep you informed and ahead in the dynamic world of forex trading.
STARTRADER Achieves SCA Licensing Ensuring Compliance and Security
STARTRADER has officially obtained a regulatory license from the UAE’s Securities and Commodities Authority (SCA), marking a significant milestone in its commitment to compliance and client security. The SCA license ensures STARTRADER is now subject to strict operational standards, including increased transparency, strong risk management and investor protection measures.
Swissquote appoints Caroline Schwab as new Brand Manager
Swissquote has appointed Caroline Schwab as its new Brand Manager, marking a significant step in its brand enhancement efforts. Caroline Schwab joins the company with a diverse background, having spent the past six years as the Deputy Trade Fair Director for EPHJ, a major trade show held annually in Geneva.
STICPAY Forms Strategic Partnership with MetaTrader 5 for Payments
STICPAY makes an announcement of a new strategic partnership with MT5, a widely used multi-asset trading platform. Through an integrated e-wallet and payment services, this integration allows brokers to transfer and request payments via STICPAY directly within the MT5 platform. It supports various payment methods such as credit cards, APMs, crypto, local bank transfers, and e-wallets.
CVC Capital Partners Sells OANDA to FTMO Group
Private equity firm CVC Capital Partners has agreed to sell OANDA Global Corporation, one of the largest retail FX and CFDs brokers, to FTMO Group, a prop trading firm. The transaction, which remains subject to regulatory approvals, ended CVC’s ownership of OANDA which it acquired in 2018 for $175 million.
StoneX Acquires Octo Finances to Expand Fixed Income Offerings in Europe
StoneX Group has completed the acquisition of Paris-based fixed income brokerage Octo Finances in its bid to strengthen its delivery in the European market. The acquisition will enhance StoneX capabilities in bond and convertible sales, debt capital markets, and credit research, broadening the range of services available to European clients.
FXBO and Deus X Pay Partner to Revolutionize Forex Payments
Financial tech leader FXBO and blockchain innovator Deus X Pay have announced a strategic partnership aimed at handling long-standing pain points in cross-border payments. By merging FXBO’s trusted CRM tools with Deus X Pay’s stablecoin infrastructure, the collaboration promises a smarter, safer, and nearly instant payment experience for brokers and traders.
PU Prime Hires Corrado Grieco as Senior Business Development Manager
PU Prime has announced the appointment of Corrado Grieco as its new Senior Business Development Manager – Partnerships Manager. Corrado Grieco brings over two years of experience as Senior Business Development Manager at MultiBank, along with a strong background from previous roles at Revolut, Vie Finance, and FXBFI.
Vantage Markets Partners with Ferrari for Official F1 Team Sponsorship
Global trading platform Vantage Markets has announced an exciting partnership Ferrari – one of the most prestigious names in motorsport. As of January 13, 2025, Vantage will be the Official Partner of Scuderia Ferrari HP F1 team, in the spirit of excellence and innovation of both brands.
Lirunex Joins Financial Commission to Enhance Trader Protection
Lirunex, a leading online trading services provider, has been officially approved as the latest member of the Financial Commission. The new membership entitles an investor to improve protections as traders and they can now use an independent dispute resolution mechanism and financial coverage of up to €20,000 per claim.
