Exclusive: Prop Trading Giant FTMO’s 2023 Turnover Hits $213 Million
FTMO, a prominent prop trading brand planning to launch a brokerage, generated a turnover of almost CZK 5 billion (over $213 million) in 2023, Finance Magnates learned exclusively. The figure…
FCA Imposes Restrictions on London Stone Securities over Excessive Fees
The Financial Conduct Authority (FCA) announced today (Wednesday) that it has imposed strict restrictions on wealth management firm London Stone Securities Limited. The company can no longer undertake any regulated…
eToro Launches Staking for Solana and Ethereum: Intro Days and Eligibility
Trading and investing platform eToro announced today (Wednesday) the launch of staking services for Solana (SOL) and Ethereum (ETH). This addition allows users to earn rewards by participating in staking…
Another Prop Firm, This Time Crypto-Focused, Enters the Futures Market
Crypto Fund Trader has joined the ranks of prop trading firms offering futures contracts to their clients. The crypto-focused investing service provider revealed that it will launch its “Crypto Futures…
Fraud Recovery Scams and ‘Pig Butchering’ Attract CFTC’s Attention
The Commodity Futures Trading Commission (CFTC) is alerting the public against rampant financial scams and frauds targeting common people. Yesterday (Tuesday), the regulator’s Office of Customer Education and Outreach (OCEO)…
Aiming to Become “Robinhood of Europe,” They Withdrew from Prop Trading
Bullo, a financial technology startup, announced today it has completed its Series A funding round and will temporarily suspend its proprietary trading services as it pursues regulatory licensing in multiple…
Director’s “Cavalier Attitude” Leads to 10-Year ASIC Ban, License Loss
The Australian Securities and Investments Commission (ASIC) has taken decisive action against United Global Capital Pty Ltd (UGC) and its director, banning Joel James Hewish from the financial services industry…
Leverate and Cricpayz Team Up to Provide Payment Solutions to Asian Prop Firms and Brokers
Leverate has partnered with Cricpayz, an Indian payment service provider, to strengthen its presence in the Asian market. This agreement reportedly aims to offer better financial solutions and payment experiences…
Brazil’s Leap into Digital Finance: The AI-Powered CBDC Super App
Brazil is on the cusp of a significant transformation in its financial sector with the Central Bank of Brazil’s announcement to develop an AI-powered central bank digital currency (CBDC) super…
Wero Challenges Visa and Mastercard
In an ambitious move to reshape the digital payments sector, Europe is set to roll out Wero, a payment system poised to challenge the dominance of Visa and Mastercard. As…
