Equities Now Make Up 90% of Gildencrest Capital’s Revenue, but Profit Without FX Drops 95%
Gildencrest Capital Limited, a London-based financial brokerage firm formerly known as TeraFX, experienced a 75% drop in foreign exchange (Forex) trading volume during 2024, according to the company’s recently published…
Weekly Recap: Google Lifts IG France’s Ad Restrictions, XM Owner Buys Stake in a Cyprus Bank
Why brokers and prop firms are moving away from Discord Although brokers and prop firms have managed communities of traders on publicly available platforms like Discord, new challenges related to…
FCA Bans Direct Trading Technologies, Citing “Falsified” Audit Records
The Financial Conduct Authority (FCA) stripped Direct Trading Technologies UK Ltd (DTT) of its regulatory permissions and froze its access to assets following concerns over financial controls and transparency. The…
FCA Bans CFD Broker Direct Trading Technologies, Citing “Falsified” Audit Records
The Financial Conduct Authority (FCA) stripped Direct Trading Technologies UK Ltd (DTT) of its regulatory permissions and froze its access to assets following concerns over financial controls and transparency. The…
VASP & MiFIR Shakeup: Inside May 2025’s Top Compliance Moves
The third edition of the Regulatory Intelligence Insights Report has been released in response to strong feedback on earlier editions. Produced by the Finance Magnates Intelligence Team, this report aims…
Admirals UK Migrated EU-Resident Clients Out; 2024 Trading Volume Took a Hit
The UK unit of Admirals, a contracts for differences (CFDs) broker brand, has migrated accounts held by clients resident in the European Union to another operating company located in the…
HYCM’s Dubai Entity Was Sold to Its Management Duo for £1.4 Million
Roger Bach and Stavros Lambouris acquired control of the Dubai unit of CFDs broker HYCM in a management buyout at the beginning of 2024 for £1.4 million, which was equal…
Interactive Brokers Sees 63% Surge in April DARTs, Client Equity Hits $588 Billion
Interactive Brokers Group, Inc. (Nasdaq: IBKR) released its monthly performance figures for April 2025. The broker reported 3.818 million Daily Average Revenue Trades (DARTs) for the month. This marks a…
“Prop Firms Built Massive Communities on Discord, but Are Now Quietly Moving Away from It”
Brokers and prop firms have managed communities of traders on publicly available platforms like Discord. Although those platforms make managing such communities extremely easy and economical, many challenges exist. For…
Sucden Financial’s Profit Surges 55% in 2024 as Revenue, Assets Also Rise
Sucden Financial delivered strong results in 2024, with profit before tax climbing by more than half compared to the previous year. The firm’s focus on technology upgrades and organic growth…
