Who is heading IC Funded, the prop trading arm of leading online broker IC Markets, which (re)launched this week?
Which CFDs broker has shut down?
Which European focused online broker has inked Brad Pitt as its new Brand Ambassador – complete with a new video ad campaign?
Which CFDs brokers are behind the launch of the Bahamas Institute of Forex and CFD Issuers – and what is the newly-minted BIFCI setting out to do?
Where did former Finalto CEO Matt Maloney move to? How about IG Singapore CEO Gavin Chia? And who did Freetrade hire as its new CEO?
Some of the most read and commented-on FX/CFD industry news stories to appear over the past seven days on FNG included:
Top FX and CFDs industry news stories this week
Exclusive: IC’s prop trading firm IC Funded goes live. FNG Exclusive… FNG has learned that IC Funded, the prop trading / trader challenges unit of leading Australia based Retail FX and CFDs broker IC (formerly known as IC Markets), has now gone live. Which longtime CFDs (and prop) industry executive was hired to run IC Funded? And, what did he have to say about the launch, and where IC Funded will be focused?
CFDs broker YaMarkets shuts down. Offshore CFDs broker YaMarkets is shutting down. The company, run mainly from Dubai and India and focused primarily on the Indian market, has taken down the yamarkets.com website, which now shows a Service Closure Announcement. The company’s B2B brand YaPrime has also taken down its site at yaprime.com.
German neobroker Trade Republic inks Brad Pitt as Brand Ambassador. Berlin based neobroker Trade Republic has announced that it is launching the largest campaign in the company’s history. The face of the campaign is Brad Pitt, two-time Oscar winner and one of the world’s most recognized and respected actors. Trade Republic was valued at about €12.5 billion in a late 2025 secondary share sale, which saw €1.2 billion in company stock move between a number of (mainly) institutional and venture investors in the company.
Bahamas Institute of Forex and CFD Issuers launched by Pepperstone, Capital.com, and Trade Nation. Three leading global Retail FX and CFDs brokers – Pepperstone, Capital.com, and Trade Nation – have announced that they have launched the Bahamas Institute of Forex and CFD Issuers, or BIFCI. BIFCI is described as a not-for-profit industry association representing licensed Forex and CFD firms operating in The Bahamas. The Institute was created to give the sector a credible, organised voice — one grounded in transparency, compliance, and responsible market practices.
Leverate unveils next-generation Trading Platform with one-click access to core features. Leading broker technology provider Leverate has announced the redesign of its Trading Platform, with a complete overhaul of the user interface built around one principle: every tool a trader needs should be reachable in a single click. From trading and deposits to account management and analytics, the new UI brings everything into a cleaner, more intuitive environment that keeps traders in flow and in control.
Top FX industry executive moves this week
❑ Exclusive: Former Finalto CEO Matt Maloney joins Edgewater to head UK.
❑ Freetrade hires Jenny Zhao as CEO.
❑ IG Singapore CEO Gavin Chia moves to Longbridge.
❑ Exclusive: The Trading Pit MENA exec Elias Sahyouni moves to GTN.
❑ Exclusive: Traze hires HFM exec Murilo de Oliveira as LATAM Country Manager.
❑ Exclusive: Crypto.com Prediction Markets head Travis McGhee departs.
❑ Exclusive: GTN marketing manager Jenny Bedran moves to CMC Markets.
❑ Kraken hires Point Nine’s Andreas Roussos as Cyprus Director.
❑ Options appoints Patrick Collins as VP, Platform Security.
