UAE-based forex and CFD broker DB Investing has appointed Syed Ahmmed as Chief Business Development Officer, giving him a global mandate after several years in leadership posts at OneRoyal and Zara FX.Singapore Summit: Meet the largest APAC brokers you know (and those you still don't!)New Global Growth MandateAhmmed is based on-site in Muscat, Oman, and leads DB Investing’s business development across MENA, the India Subcontinent, Southeast Asia and Latin America.“Having built and expanded markets across MENA, ISC, and SEA, I now look forward to taking on a broader global mandate. My focus has always been not just to manage markets, but to build them, driving sustainable growth and creating long-term value,” Ahmmed said in a post on Monday.Continue reading: Elena Kupriianova Joins CFDs Broker DB Investing as CMOHis scope covers market expansion, strategic partnerships and revenue growth, including the build-out of introducing broker and affiliate networks in both emerging and established markets. He also focuses on client-centric offerings, such as region-specific and Sharia-compliant products, while working with internal teams on brand positioning and market penetration.Background at OneRoyal and Zara FXBefore joining DB Investing, Ahmmed served as Regional Head of Business Development for ISC, SEA and Oman at OneRoyal. In that role, he managed expansion, led multicultural sales teams, oversaw the Oman office and drove institutional and high-net-worth client acquisition. He earlier held other business development positions at OneRoyal and briefly worked as Sales Director at Zara FX, where he helped design products and sales frameworks to support revenue growth. He now joins DB Investing’s senior leadership and will work with management, including CEO Gennaro Lanza, as the broker pursues further international growth.Last month, DB Investing announced plans to open a newoffice in Mexico as part of its broader expansion into Latin America. The new branch in Mexico will act as the firm’s regional hub, allowing it to engage more directly with local traders and strengthen its presence in a market that has recently attracted other brokers, including EC Markets and VT Markets.Mexico’s appeal for global CFD brokers stems from a combination of strong demand for online trading and relatively light, indirect local rules on CFDs. While the country’s financial markets are overseen by the CNBV, the Ministry of Finance and Public Credit, and Banco de México, CFDs remain in a legal grey area, with no dedicated regime and explicit warnings that authorities will not protect clients dealing with unlicensed foreign providers. This article was written by Jared Kirui at www.financemagnates.com.

Coinbase is expanding its operations in Australia after obtaining an Australian financial services license. The license will allow the exchange to offer crypto and equity perpetuals initially, with plans to introduce futures, options, and other traditional financial products over time.Singapore Summit: Meet the largest APAC brokers you know (and those you still don't!).The move aligns with Coinbase’s global strategy to become a multi-product platform. The company has been building a “gateway to everything in finance,” combining crypto with equities, derivatives, and other financial products under a single platform. The Australian expansion is a step in this broader push to move beyond crypto-only offerings.Coinbase AFSL Brings Full Regulatory OversightThe AFSL subjects Coinbase to the same regulatory standards that govern traditional financial services providers, including requirements for conduct, disclosure, governance, and consumer protection. The move comes as Australia advances a dedicated regulatory framework for digital assets.The Corporations Amendment Bill 2025 passed both houses of Parliament on April 1 and is awaiting royal assent. The bill is expected to take effect 12 months after assent.Australians Increasingly Using Crypto PaymentsCoinbase has also been hiring locally across legal, compliance, marketing, and operations roles, drawing talent from other regulated industries. In September, the company and competitor OKX launched services for self-managed superannuation funds, enabling individuals to include crypto in retirement savings.Coinbase secures Australian license, plans to offer crypto and equity perpetuals https://t.co/bPf7duoT6V— The Block (@TheBlockCo) April 8, 2026According to the Independent Reserve Cryptocurrency Index, around 33% of Australians now have exposure to cryptocurrency, up from 31% in 2025. The data also suggests more Australians are using crypto to pay for goods and services.US Equity Perpetuals Expand Coinbase OfferingsLast month, Coinbase launched stock perpetual futures for eligible non-US users, expanding crypto, equities, and prediction market offerings outside the US. The contracts provide leveraged, cash-settled exposure to major US stocks and indices, accessible on Coinbase Advanced for retail users and Coinbase International Exchange for institutions. The move follows earlier launches in the US and Europe, forming part of Coinbase’s 2026 strategy to build a global multi-asset brokerage model. This article was written by Tareq Sikder at www.financemagnates.com.

CFD broker FP Markets has joined a widening round of redundancies across the retail brokerage industry. Speaking to Finance Magnates, Christina Koro, the broker’s Group Head of HR & People Culture, confirmed the layoffs have affected “less than 7% of our global workforce.”Singapore Summit: Meet the largest APAC brokers you know (and those you still don't!).The cuts, she said, form part of a broader organisational review. “As with any evolving organisation, some roles change in nature or are consolidated,” Koro noted, adding that “we are continuing to expand into new markets, investing in technology and hiring in areas aligned with our strategic priorities.” As of mid-2025, the Australian-based broker employed more than 300 staff globally, including over 100 in Cyprus. The restructuring follows a period of internal and regulatory developments. In March 2026, the company’s Chief Technology Officer, Alexander Strelnikov, stepped down. Earlier this year, FP Markets also settled a €100,000 fine with the Cyprus Securities and Exchange Commission (CySEC) over possible CFD compliance breaches.The Layoff TrendRecently, Finance Magnates reported that IronFX had laid off 10% of its 1,500-strong global workforce. Sources attributed the move to “efficiency” gains linked to the rise of AI.Elsewhere, eToro has cut roughly 10% of its staff this year, while FXCM, operator of the Tradu platform, shed more than 100 roles last year. The CEOs at both companies have pointed to Generative AI as a key driver of restructuring.It is unclear whether Generative AI played any role in FP Markets’ organisational review.Nonetheless, the broader direction is harder to miss. Retail brokerage, like many other sectors, appears increasingly drawn to the promise of Generative AI.Yet, whether AI is the true catalyst remains open to debate. Automation may deliver efficiencies, but it also offers a useful gloss: job cuts once attributed to margin pressure or performance can now be reframed as part of a technological pivot – one that investors are often inclined to reward.Regulators, for their part, are beginning to test these claims. In 2026, the UK’s Financial Conduct Authority (FCA) ordered BeAccount Ltd to cease operations and return client funds after its automated screening tools failed to flag basic risks that manual checks would likely have caught. Although the firm operated in payments, the compliance expectations, particularly around anti-money-laundering controls, are broadly comparable across regulated financial services, including CFD brokers.For now, much remains unresolved. The extent to which Generative AI will deliver meaningful efficiencies or withstand regulatory scrutiny is still being tested. Until then, the durability of AI-linked layoffs is far from assured. This article was written by Adonis Adoni at www.financemagnates.com.

While February was relatively quiet, March brought a sharp shift, as regulators across the globe intensified their efforts, issuing a wave of alerts aimed at protecting market integrity and shielding investors from unlicensed entities. Finance Magnates Intelligence has just released its latest deep dive into the regulatory activity, and the March data tells a compelling story of heightened vigilance.Singapore Summit: Meet the largest APAC brokers you know (and those you still don't!)Inside the Full Intelligence Report The full analysis explores the significant increase in activity from the Financial Conduct Authority (FCA), which set a strong pace for the year by substantially exceeding its February figures. We also track a clear acceleration across continental Europe, where warnings in France, Italy, and Germany did not just rise, they multiplied. Readers will find a detailed breakdown of the "Italian Model," explaining the legal framework that enables CONSOB to move beyond issuing warnings and directly block unauthorized forex and crypto platforms. The report also highlights a notable outlier in the Mediterranean that remained unexpectedly quiet while the rest of the region intensified its enforcement efforts. [#highlighted-links#] Complete Data Breakdown From evolving enforcement capabilities to the growing volume of unauthorized entities identified this quarter, the report provides essential context for navigating a safer and more reliable market environment.The full analysis on the Intelligence Portal includes a complete data breakdown, year-to-date trends, and an overview of the regulatory developments shaping the future of financial oversight. Access the full March "Fraud Watch" to see which jurisdictions are reaching record levels of enforcement. This article was written by Sylwester Majewski at www.financemagnates.com.

IG Group Holdings (LSE: IGG) released its annual report for the transitional seven-month period ended December 31, 2025, the first filing under the company's new calendar year-end. The report, which covers June through December 2025, disclosed total revenue of £658.9 million for the shortened period and £1,123.4 million on a comparable 12-month calendar year basis, a 7% increase over 2024, according to the company's filings.Singapore Summit: Meet the largest APAC brokers you know (and those you still don't!)The London-based trading and investment platform, which posted record results when it announced the numbers in March, changed its financial year-end from May 31 to December 31 in November 2025 to align with common market practice. The full annual report adds audited figures, a chairman’s statement from outgoing board chairman Mike McTighe and detailed divisional breakdowns."In 2025, we continued to deliver strong growth across every area of our business," McTighe wrote, adding that he believes IG is "well positioned to capitalise on the powerful structural tailwinds supporting the growth of our industry."Net Trading Revenue Tops £1 Billion for the First TimeNet trading revenue crossed the £1 billion mark for the first time at £1,004.6 million, the report confirmed. OTC derivatives, IG's core business, contributed £781.4 million, up 8%. Stock trading and investments nearly doubled to £68.4 million, boosted by the Freetrade acquisition completed in April 2025 for £160 million and by the launch of zero-commission trading in the UK.The EBITDA margin contracted from 49.9% to 47.3% as IG increased marketing spend by 31% to £108.8 million and legal and professional costs rose 78% to £62.3 million, the latter tied to M&A activity. Basic EPS was boosted by a one-off £76.0 million gain from the sale of Small Exchange to Kraken in October 2025. Net interest income fell 16% to £118.8 million as lower benchmark rates reduced yields on client cash.CFD Rivals Eye the Same Markets as Competition BuildsIG's results land against a backdrop of intensifying competition across CFDs, stock trading and crypto. CMC Markets, the London-listed peer, has been expanding its institutional white-label business and repositioning around platform technology. Plus500, another FTSE-listed CFD provider, has posted record revenue in recent periods while attracting investment from Capital Group, the same US fund that later took a 5% stake in IG.In commission-free stock trading, Freetrade competes directly with Hargreaves Lansdown, Interactive Investor, Trading 212 and Robinhood's UK arm. In the US, tastytrade faces off against Schwab, Interactive Brokers and Robinhood in options and equity trading. IG's 31% jump in marketing spend reflects the escalating cost of acquiring customers across these overlapping markets.Acquisitions Begin to ContributeFreetrade contributed £24.2 million to total revenue in its first nine months, the report stated, surpassing IG's own guidance. Assets under administration reached £3.3 billion, up 34%. The Freetrade CEO announced in February he would step down this summer.On crypto, IG secured an FCA registration and a European MiCA license during 2025. The acquisition of Independent Reserve, the Australian crypto exchange, closed in January 2026 for approximately £67.7 million. The company plans to launch a crypto proposition in Singapore, Australia and the UAE in the second half of 2026. Crypto revenue remains negligible at £0.8 million for the calendar year.Chairman Succession and Strategic ReviewIn his final chairman's statement, McTighe confirmed that Andrew Barron has been appointed as his successor and will take over once regulatory approvals are in place.The report's most closely watched section concerned the strategic review launched in March 2026. The board is evaluating acquisitions, potential changes to IG's domicile and listing venues, and whether combining parts of the group with other industry participants could create additional value. Bloomberg reported in March that IG is considering a possible relisting from London to New York. The outcome is expected in the autumn.The company returned £320.8 million to shareholders through dividends and buybacks during 2025 and announced a further £125 million buyback in March 2026. Share buybacks have reduced the outstanding count by more than 16% since May 2022, the report noted.CEO Breon Corcoran said IG expects organic total revenue growth toward the top end of its guided mid-to-high single-digit range in 2026 and is confident of meeting market expectations for EBITDA and adjusted EPS. This article was written by Damian Chmiel at www.financemagnates.com.

There were 74 Financial Conduct Authority (FCA)-regulated companies with permission to offer contracts for difference (CFD) products to retail traders in the United Kingdom as of 1 December 2025, FinanceMagnates.coom learned through a Freedom of Information request. There were a total of 105 firms in the FCA’s CFD portfolio.Singapore Summit: Meet the largest APAC brokers you know (and those you still don't!)Notably, a few of those firms might have surrendered their FCA licences as well.FinanceMagnates.com recently reported that FXTM is also going to surrender its FCA licence while, on the other hand, becoming a full brokerage in the UAE and expanding in Indonesia.Dozens of CFD Brokers Are Still Regulated in the UKThe British regulator also revealed that there were 2,547 firms authorised to act as principals and/or agents, with permission for investment types ‘contracts for difference’ and/or ‘rolling spot forex’ and/or ‘spread bets’, for clients.Further granular data shows that 936 firms are authorised for CFD products with ‘provider’ (dealing as principal) permission, 2,560 firms are authorised for CFD products with dealing as agent and principal permissions, and 152 firms have matched principal limitations and permissions to provide CFD products.However, how many of those firms are actively offering CFDs remains unknown.The ‘Halo Effect’ Is an IssueAt the end of 2024, the British regulator revealed that around 20 per cent of local CFD brokers, including spread betting and rolling forex providers, were conducting little or no activity, labelling them as 'halo firms'.It then justified the ‘halo’ label as the firms existed “purely to provide an FCA ‘halo’ to wider ‘groups’,” thus giving “false comfort to global retail clients who see the FCA association but contract with an offshore ‘group’ entity rather than the UK-authorised firm, without UK regulatory protection.”An FCA licence is considered one of the toughest regulatory regimes for CFD brokers. The strict requirements might have pushed many companies away, as several exited the country over the past few years.However, a handful have also entered the FCA licensing regime.Last November, the British regulator also issued a warning against CFD providers after its review found that some firms had not met the standards set under consumer duty. This article was written by Arnab Shome at www.financemagnates.com.

Spotware Systems has introduced cTrader Leads, a program that funnels traders from the company's existing product ecosystem to participating brokers, the Cyprus-based platform provider said. The program works across cTrader Store and the company's cross-broker apps, and it comes at no cost to brokers, according to Spotware.Singapore Summit: Meet the largest APAC brokers you know (and those you still don't!)The launch arrives at a time when client acquisition economics across the forex and CFD industry are under growing pressure. Spotware puts the average cost per lead in the FX sector at around $50, with total acquisition costs for a single depositing trader reaching as high as $800. The company has not disclosed the methodology behind those estimates.Platform Providers Compete To Solve the Acquisition SqueezeBrokers have been grappling with rising traffic costs and declining conversion rates for several quarters now. Spotware CEO Ilia Iarovitcyn flagged the issue publicly at iFX EXPO Dubai in February, saying the company's priorities for 2026 are "closely linked to the challenges brokers face" and that "one of our core priorities is to make brokers grow.""Helping brokers grow is one of our core priorities," he added in the newest press release. "That means creating more effective and scalable routes to client acquisition. cTrader Leads is our answer to that. This is part of our broader commitment to strengthening our offering for brokers and supporting their business from multiple angles.”Spotware, however, is not the only platform provider trying to help brokers fill the top of their funnels. The competition among trading technology vendors to offer more than just execution and charting tools has been intensifying. MetaQuotes, the developer behind MetaTrader 4 and MetaTrader 5, has been building out its own in-platform ecosystem in recent years, including a marketplace for brokerage solutions and, more recently, the Ultency matching engine that bundles a "liquidity gallery" letting brokers compare providers directly inside MT5.Devexperts, which develops the DXtrade platform, has taken a different approach to broker engagement, partnering with TradingView to give its broker clients access to TradingView's 50-million-strong user base, essentially using the charting platform as a front-end acquisition tool. DXtrade also recently integrated BrokerIQ into its mobile app to help CFD brokers manage client engagement and retention directly within the trading environment.Match-Trade Technologies, meanwhile, has been pitching its Match-Trader platform as a single-vendor solution covering trading, CRM, and payments, effectively arguing that tighter integration between platform and back-office tools can improve conversion rates without requiring a separate lead-generation layer.How cTrader Leads WorksSpotware says cTrader Leads turns its existing product traffic into a broker acquisition channel. Within cTrader Store and cross-broker cTrader apps, users who do not already have a broker account are shown a list of participating brokers. Once a trader selects a broker, they are redirected to that broker's website to register and begin onboarding, the company said.The broker list is not random. Spotware says placement in the list is based on what the company describes as "transparent, merit-driven criteria," including trading volume in the user's region, conversion rates from registration to first trade, quality of integration, and overall brand strength. The lists are also adapted by country, and Spotware says it supports newly onboarded brokers with added visibility to help them gain initial traction.Brokers can integrate the lead flows into their existing CRM systems, which the company says can further improve conversion and create a smoother path from registration to first deposit. cTrader currently serves more than 11 million traders and over 300 brokers and prop firms, according to the company's most recent figures. Trading volumes on the platform doubled year-on-year in 2025, and cTrader Store purchases increased sixfold during the same period, Spotware has reported.Introducing Broker Channel and IB IntegrationThe program also ties into existing Introducing Broker workflows. Once an IB sets a referral link in their settings, Spotware says future referrals attracted through cTrader Store products will see only the relevant brokers in the featured and recommended lists. The company argues this keeps Store-driven leads within the IB's funnel and adds qualified referrals to their preferred broker.In the cross-broker cTrader app, Spotware says the client journey can also begin with a non-broker demo account, letting traders explore the platform before committing. From there, the company uses what it calls personalized onboarding mechanics, including in-app prompts and ribbons, to guide traders toward opening a live account with a listed broker.cTrader Leads is the latest addition to a broader suite of broker-facing tools Spotware has been rolling out in recent months. The company launched cBridge in March, a standalone liquidity bridge it says can reduce broker infrastructure costs by up to 80%, though it has not disclosed the methodology behind that figure. It has also expanded cTrader Store and introduced onboarding features such as CRM integrations, KYC flows, and in-app deposit tools.The push aligns with a broader trend across the retail trading industry, where technology providers are expanding from single-product offerings into end-to-end brokerage infrastructure. MetaQuotes has moved in the same direction with Ultency and its pricing gallery, while DXtrade has been adding research, engagement, and CRM tools to its mobile environment. This article was written by Damian Chmiel at www.financemagnates.com.

Gold surged to $4,850 per ounce today (Wednesday), April 8, 2026, gaining over 3% as the US-Iran two-week ceasefire triggered a sharp reversal in the dollar and oil markets. Silver outperformed with a nearly 7% rally to $77 per ounce, its highest level since March 18.The ceasefire announcement followed President Trump's acceptance of a 10-point Iranian proposal as a starting point for negotiations. Oil fell below $100 per barrel for the first time since the conflict began in late February, removing the inflationary pressure that had been the primary headwind for precious metals.Follow me on X for real-time market analysis: @ChmielDkWhy Gold and Silver Are Going Up? Iran Ceasefire Weakens the Dollar"Gold is rising nearly 2% today on the wave of a Middle East ceasefire to around $4,800, and silver exceeds $77 per ounce, gaining nearly 6%," said Michal Stajniak, Analyst at XTB. "The prospect of lower oil prices and opening of the Strait of Hormuz appears to ease inflationary risk, and consequently the prospect of monetary policy tightening by central banks."Stajniak added that the dollar's 0.8% drop against the euro further supports metals, and that calmer energy markets give hope for more stable industrial demand for silver, provided the ceasefire leads to a lasting peace deal. Iran's maximalist negotiating stance, including full control over the Strait of Hormuz and a civilian nuclear program, means the outcome is far from certain.Marek Rogalski, Chief Market Analyst at DM BOŚ, noted that silver continues to earn its "turbo-gold" label. "Technically, the breakout of the recent peak at $76.10 confirms the upward move that started after the March 23 panic," Rogalski said. "Theoretically, the market has an open path to around $79.50-$80.00, where significant resistance can be identified."Rogalski pointed to a broader macro catalyst: "Investors will return to precious metals when the scenario of Fed rate cuts in December or Q1 2026 starts being played more strongly. This could give arguments for dollar weakness, as other central banks will likely remain in an 'inflationary' narrative."The key drivers behind today's rally:US-Iran ceasefire halts military strikes for two weeks, oil drops below $100/barrelDollar weakness of 0.8% against the euro makes gold cheaper for non-dollar buyersRate cut expectations rising as lower oil reduces inflation pressure on the FedIndustrial demand for silver stabilizing as energy market risks easePetrodollar risk if growing Chinese influence in the Middle East reshapes energy trade flowsGold Technical Analysis: XAU/USD 50 EMA Blocks at $4,850Gold traded at $4,780 per ounce at the time of my analysis, up nearly 2%, but briefly gained approximately 4% and tested $4,857 as the intraday high. The local resistance I marked on my chart, together with the 50 EMA, blocked further gains roughly at the midpoint of the consolidation that has defined trading since January's all-time high.The upper boundary of this range sits at $5,400, the highest session close in gold's history. The intraday ATH reached $5,600 on January 29 before the correction that followed. Support is the $4,300 zone, the lows tested in late March that previously served as the October 2025 highs. As my March 25 analysis documented, the pin bar reversal at the 200 EMA near $4,200 marked the correction low.Applying Fibonacci extensions to the 2025 uptrend and the 2026 correction, the 100% extension falls at approximately $7,000 per ounce. From current levels, that represents a potential 50% gain.As I wrote in my previous Goldman Sachs analysis, gold remains trapped in the lower half of the January consolidation range. A daily close above the 50 EMA at $4,850 would be the first signal that the correction phase is ending. A break below $4,300 reopens the path toward the 200 EMA.Silver Technical Analysis: $77 Tests Upper BoundarySilver shot up more than 5% on Wednesday, testing levels above $77 per ounce. The rally stopped at exactly the level I identified in my most recent silver analysis: the upper boundary of the consolidation between the 50 and 200 EMA, where the 50 EMA acts as resistance.Despite the 5%+ daily gain, technically not much has changed. The key support at $70 per ounce, which my March 20 analysis confirmed has held for the third time this year, remains the floor. The 200 EMA near $63 is the deeper structural support. Main resistance sits in the $90-$94 zone, where the early March highs were recorded.My Fibonacci extensions, stretched across last year's uptrend and the 2026 correction, project a 100% target near $155 per ounce. That would represent a 100% gain from current levels.Gold and Silver Price Predictions for 2026Institutional forecasts for both metals remain extraordinarily wide, reflecting the uncertainty around war, monetary policy, and physical market dynamics. As the FinanceMagnates.com comprehensive February analysis established, a Reuters poll of 30 analysts placed the median 2026 gold forecast at $4,746.50, remarkably close to where gold trades today. The same poll set silver's median at $79.50.As the February analysis of the $7,300 gold prediction showed, JPMorgan's $6,300 target rests on approximately 800 tonnes of projected central bank gold purchases. Wells Fargo raised its range to $6,100-$6,300 in late March. For silver, Bank of America's Michael Widmer maintains his $135-$309 target based on gold-silver ratio compression.Bull case:US-Iran ceasefire holds, oil stays below $100, Fed cuts in H2 2026Central bank buying remains at 60+ tonnes/monthSilver supply deficit (6th consecutive year, 67M oz per Silver Institute)Dollar structural weakness accelerates de-dollarization flowsBear case:Ceasefire collapses, oil spikes above $120, inflation reignitesFed stays hawkish through year-end, yields rise above 4.5%Gold fails to close above 50 EMA, retests $4,300 supportSilver breaks below $70, opens path toward $55 on my chartFAQWhy are gold and silver going up today?Gold surged 3% to $4,850 and silver jumped nearly 7% to $77 on April 8, 2026, after the US and Iran announced a two-week ceasefire. The deal sent oil below $100 per barrel, weakened the dollar by 0.8% against the euro, and boosted rate cut expectations, all of which directly support precious metals.How high can gold go in 2026?My Fibonacci extension based on the 2025 uptrend and 2026 correction targets $7,000 per ounce, representing a 50% gain from current levels. Institutional forecasts range from Goldman Sachs at $5,400 to JPMorgan at $6,300 and UBS at $5,600. The Reuters 30-analyst median sits at $4,746.50.How high can silver go in 2026?My Fibonacci extension projects $155 per ounce, a potential 100% gain from current prices near $77. Analyst Marek Rogalski sees near-term resistance at $79.50-$80. Bank of America's Michael Widmer targets $135-$309 based on gold-silver ratio compression, while Citigroup set a $150-$170 target.What is the gold price prediction for 2026?JPMorgan targets $6,300 based on 800 tonnes of central bank purchases. Wells Fargo raised its forecast to $6,100-$6,300 in late March. Goldman Sachs maintains $5,400. My chart shows gold consolidating between $4,300 support and $5,400 resistance, with the 50 EMA at $4,850 as the immediate barrier.Why is silver called turbo-gold?Silver amplifies gold's moves in both directions due to its smaller market and dual industrial/monetary role. On April 8, silver gained nearly 7% versus gold's 3%. DM BOŚ analyst Marek Rogalski notes silver has been called "turbo-gold" for some time, with the breakout above $76.10 confirming the uptrend from the March 23 panic low. This article was written by Damian Chmiel at www.financemagnates.com.

Trading Takes Its TollOne of the points I have made in previous discussions of the merits of round-the-clock trading in this column is that the impact on traders must be taken into account.A recent study looked at the factors that contribute to stress and found that career uncertainty, mounting compliance demands and the quest for work-life balance pale in comparison to the primary source of angst for buy-side equity traders: technology.Singapore Summit: Meet the largest APAC brokers you know (and those you still don't!)Just over half (51%) of the traders surveyed cited internal technology issues as their single biggest source of fatigue or burnout.Jesse Forster, senior analyst in market structure & technology at Crisil's Coalition Greenwich and the author of the study, noted that the rapid growth of electronic trading has reduced patience for IT failure.“Traders see volatility, long hours and performance pressure as part of the job,” he says. “But with e-trading increasing expectations for speed and scale, traders increasingly view problems with technology tools as completely unacceptable.”Modern electronic workflows amplify small failures into a constant drag that one trader referred to as ‘death by a thousand cuts’. Relatively small but ongoing technology issues persist on trading desks because they are not serious enough to warrant attention over other IT priorities, meaning traders are forced to tolerate the status quo.Survey respondents described persistent issues including login delays, inconsistent data across platforms, lagging analytics and unreliable execution tools.Forster observes that although individually these issues are not catastrophic, collectively they drain energy over the course of a day – especially when traders see these issues as fixable.Traders are judged on execution quality, including price, timing, slippage and market impact. When they feel they cannot control the systems driving those results, it will inevitably escalate from frustration to longer-term anxiety, avoidance and fear of misattribution.Technology issues uniquely create both productivity loss and burnout via rising cognitive load, according to Forster. “Instead of trusting systems, traders must verify them, remember workarounds, track exceptions and double-check fields, feeds and configurations,” he says. “This consumes mental energy and leaves less capacity for execution and alpha generation.”Variations on a ThemeTraders love an acronym. From ATH (all-time high) to SL/TP (stop loss/take profit), via EMA (exponential moving average) and FOK (fill or kill), it can sometimes feel like they are speaking a different language.One of the acronyms currently in use is HALO, or heavy assets, low obsolescence companies – an investment strategy that emphasises firms with substantial physical infrastructure, strong barriers to entry and lasting economic significance, which are often viewed as less exposed to AI disruption.Read more: eToro Launches Long-Term Thematic Portfolio Using Amundi ETFs for Retail InvestorsIllustrative examples include utilities, transportation infrastructure and industrial machinery.An investor survey conducted in mid-2025 by ETF data platform Trackinsight found that more than half of respondents intended to broaden their thematic exposure over the following six months.However, physical assets do not always deliver. HALO-themed ETFs have been introduced rapidly and with strong promotion, sometimes based on little more than a bank research note, only to fall flat.Simonelle Mody, associate investment specialist at Morningstar Australia, refers to the volatility of thematic funds and notes that fear of missing out attracts investors who chase short-term returns, despite research showing these funds rarely achieve a desirable outcome.Capital cycle and crowding update for thematic ETF's. Noteworthy that robotics and automation remain relatively uncrowded and capital scarce compared to its own 10y history pic.twitter.com/kxc0VYKGyY— Variant Perception (@VrntPerception) September 24, 2025In addition, active and passive thematic funds charge higher average management fees than their non-thematic counterparts. Mody suggests that thematic fund survival and success rates, compared to global equities, make it hard to justify choosing a thematic fund over a broadly based ETF.Capital Group Canada’s senior product specialist, Warner Wen, also questions the long-term value of thematic ETFs when it comes to wealth creation, noting that market data suggests the odds are against investors who try to pick a thematic fund that performs well.This underperformance reflects the challenges these strategies face, particularly in volatile or shifting market environments where diversification tends to outperform concentrated thematic bets.According to Wen, many thematic funds are launched at the peak of hype cycles, only to falter as interest falls or the underlying companies fail to deliver.Bloomberg Not in Terminal DeclineMark Twain’s comment upon hearing reports of his death has been used to describe many events that were widely reported but had not actually happened. More recently, it has been applied to the subscription-based software system that traders have been using for real-time market data, analytics, news and secure trading since the early 1980s.The Bloomberg terminal’s dominance of the financial data market has caused much angst over the years and has clear cult-like undertones. Some users refer to their terminals by name, while others describe them as the most important relationship in their lives (let’s hope their spouses have a sense of humour).The founder of Bloomberg Terminal explaining the function that makes the $24,000 worth it.I wrote about this exact function in the Article below. Must Read, no matter what. https://t.co/aymzqNwuo2 pic.twitter.com/XIQN1S46Rf— Roan (@RohOnChain) April 2, 2026Unsurprisingly, proponents of AI have been trying to replicate it at a much lower cost than the $24,000+ annual subscription. However, the reaction to a recent Wall Street Journal article looking at “alternatives” such as Perplexity underlined how difficult it is to reproduce this software at a lower cost.One observation was that the core value of Bloomberg terminals lies not only in the information itself but also in the long-term accumulation of high-quality data, user habits and industry network effects, making them difficult to replace in the short term. However, there was also an acknowledgement that AI is lowering the barriers to information access and analysis, which may gradually reduce its premium pricing power.Another point was that while it is easy to assume data and speed are everything, in finance, access to a trusted network of professionals still carries significant value and shows that even advanced AI tools cannot easily replicate community and trust built over decades.Perhaps the most relevant observation was that there is a big difference between a helpful AI tool and replacing decades of infrastructure, proprietary data and workflows, and that although tools like Claude or ChatGPT can speed up analysis, modelling and research, they are complements rather than substitutes. This article was written by Paul Golden at www.financemagnates.com.

European investment technology provider Huddlestock and capital markets software developer Devexperts announced today (Wednesday) they have built a white-label Investment-as-a-Service app for the European market, with the product set to debut through German broker GIGA Broker's upcoming platform launch.Singapore Summit: Meet the largest APAC brokers you know (and those you still don't!)The app is based on DXtrade, Devexperts' multi-asset trading platform, and is designed to let financial firms offer investment services to retail clients under Huddlestock's BaFin-regulated infrastructure, which covers custody, brokerage, KYC, payments, and reporting, the companies said."Together with Huddlestock, we have built a tailored solution based on our flagship multi-asset trading platform, DXtrade, that meets Huddlestock's clients' needs today, while giving them the flexibility to adapt and scale with the market," said Heetesh Rawal, Vice President at Devexperts.Three Modes, One Regulatory ShellThe app comes in three configurations, according to the companies. Firms can deploy a simplified interface aimed at entry-level investors, a more feature-rich environment for experienced users, or they can connect their own front-end via a bring-your-own-frontend option. All three options run on Huddlestock's shared regulatory infrastructure.A central feature of the arrangement, from Huddlestock's perspective, is what the company calls a liability umbrella model, which it says allows clients to offer regulated investment services in Europe without holding their own financial license. Through European passporting rules, firms joining the platform can operate across multiple EU jurisdictions after initially going live in Germany, the companies said. Huddlestock described the approach as "Germany-first, Europe-scale.""By combining our regulatory infrastructure with Devexperts' proven technology, we enable our customers to launch and scale investment offerings more efficiently, while staying fully compliant," Leif Arnold Thomas, CEO of Huddlestock, said in a statement.White-Label Infrastructure Gains Ground in European MarketsThe Huddlestock-Devexperts tie-up enters a space that has seen several providers build similar plug-in investment infrastructure for firms that lack the resources or regulatory capacity to build their own brokerage stack. Devexperts has previously delivered white-label versions of DXtrade to European brokers, including WH SelfInvest's Freestoxx platform in 2022, which targeted the DACH region and offered commission-free US stock trading. That arrangement used a white-label SaaS version of DXtrade equipped with advanced charting tools and multi-monitor support.Berlin-based Upvest, which raised $125 million in fresh funding earlier this year at a €640 million valuation, occupies a comparable position in European investment infrastructure. Upvest powers the investment back-ends of several European banks and fintechs, providing order processing and custody services, and has been expanding across the continent. Like the Huddlestock offering, it targets firms that want to embed investment products without building the underlying infrastructure themselves.Solarisbank, the Berlin-based banking-as-a-service provider licensed by BaFin, has also moved into investment infrastructure in recent years, offering white-label brokerage and custody as part of its broader embedded finance stack for fintechs and neobanks. Devexperts has been steadily broadening DXtrade's third-party ecosystem. Earlier this month, the company added Gold-i's Visual Edge risk management tool to the platform, and separately pushed a round of interface changes covering both the web terminal and broker back-end tools.Regulatory Complexity Drives Demand for Outsourced InfrastructureThe companies framed the launch against a backdrop of escalating regulatory change in Europe. Huddlestock cited ongoing developments across Payment for Order Flow rules, MiFID II/MiFIR, GDPR, the Anti-Money Laundering Authority framework, operational resilience requirements, AI governance, and crypto asset regulation as factors increasing demand for firms that can manage compliance on behalf of their clients.The growing complexity of embedded finance in Europe has drawn a widening set of market participants beyond traditional brokers, including insurers, media platforms, and asset managers without direct retail distribution channels. Huddlestock said its solution is intended to serve all of these groups, as well as international firms looking for an entry point into EU markets."Huddlestock's IaaS platform brings together regulatory strength, a modular architecture, and broad integration capabilities, enabling partners to launch and scale investment services efficiently while maintaining long-term strategic flexibility," Thomas added.GIGA Broker First, Broader Rollout PlannedGIGA Broker, a German broker, is the first firm to deploy the product, with its launch described as imminent. Huddlestock and Devexperts said the white-label app will be presented publicly at FIBE 2026, a European fintech conference drawing more than 2,000 attendees, before being made available to other firms across the continent.Devexperts, founded in 2002 and headquartered in Ireland, employs more than 800 engineers across offices in the US, Germany, Portugal, Bulgaria, Singapore, Turkey, and Georgia. The company has added a series of integrations and product updates to DXtrade in recent months as competition among white-label platform providers tightens across European retail markets. Huddlestock, which also owns Visigon, a Nordic-based capital markets consulting firm, operates its regulated entity, Huddlestock GmbH, under a BaFin license. This article was written by Damian Chmiel at www.financemagnates.com.

MetaQuotes, the Cyprus-based developer of the MetaTrader platforms, launched metatrader.com today (Wednesday), positioning the site as a centralized financial information hub for retail traders, market analysts, and algorithmic developers. The portal aggregates market data, news, charting tools, and a developer marketplace under a single domain, the company announced.Singapore Summit: Meet the largest APAC brokers you know (and those you still don't!)MetaQuotes has been actively expanding its product ecosystem beyond the core MT4 and MT5 platforms in recent months. In December 2025, the company revamped pricing for its Ultency liquidity bridge solution, shifting from a fixed monthly fee to a volume-based model, in a move targeting third-party bridge providers that had built businesses around the MetaTrader infrastructure.Entering a Market Already Dominated by TradingView and Investing.comThe launch extends MetaQuotes' footprint beyond the trading terminals it licenses to brokers. The company said the site is built for a broad audience, from traders "taking their first steps" to institutional users and software developers working on custom trading applications. The portal uses existing MQL5.com account credentials, so traders already registered in the MetaQuotes community do not need to create a separate login.The financial data portal space metatrader.com enters is already heavily contested. TradingView, founded in 2011, reported more than 100 million traders on its platform and roughly 200 million monthly visits as of early 2026, according to company data. The platform covers more than 1.3 million instruments and operates a social network where traders publish and comment on chart ideas, a format that metatrader.com's "Charts & Ideas" section appears to replicate.Investing.com, another established rival, offers real-time quotes, economic calendars, and news aggregation across a wide range of asset classes, with a similarly broad audience. Both competitors have years of brand recognition among retail traders that MetaQuotes will need to navigate.Where metatrader.com attempts to differentiate is in its integration with the MQL5 developer ecosystem. The Algo section includes a marketplace for ready-to-use MetaTrader applications, including automated trading robots, custom indicators, and trading panels, alongside a repository of source code called MQL5 Algo Forge. The company says it hosts more than 2,000 articles specifically on developing algorithmic trading systems. For existing MetaQuotes customers, that tight coupling with tools they already use could be the clearest reason to visit a new portal rather than an established one.What the Portal Offers - and How the Company Describes ItOn the data side, metatrader.com provides real-time price quotes covering more than 11,000 instruments, the company said, including U.S. equities, currency pairs, commodities, indices, and metals. Each instrument page includes statistics, fundamental data, and curated news. Users can open interactive charts and apply technical indicators directly in the browser.For market context, the site pulls content from more than 30 providers, the company said, including Reuters, Bloomberg, and Yahoo Finance. It also features heat maps and top gainers and losers rankings for broader market scanning. The company described these tools as helping traders "respond quickly to market changes and make informed trading decisions," characterizing the news aggregation as covering "key economic events" alongside price forecasts for currencies, stocks, commodities, and cryptocurrencies.The Charts & Ideas section allows registered users to share trade setups and market scenarios with other community members, mirroring the social interaction model that TradingView made central to its own growth.Developer Tools at the CoreThe algorithmic trading section is arguably where metatrader.com has the most existing foundation to build on. The MQL5 community, which the new portal integrates with, has been a long-running ecosystem for MetaTrader developers, hosting signals for copy trading, app sales, and documentation for the MQL5 programming language. MT5 surpassed MT4 in combined trading volume for the first time in Q1 2025, according to MetaQuotes data, a shift that has accelerated developer interest in MT5-compatible tools.The Algo Forge, described as a "repository and social network for developers," adds a GitHub-like layer to the marketplace, where developers can share and collaborate on source code. The company also includes complete MQL5 documentation and a guidebook covering the use of neural networks in trading, the announcement said.MetaQuotes has been building out the MT5 payment infrastructure in parallel. In 2024, the company launched a Nasdaq tick data subscription service through MetaTrader 5, giving traders access to up to 20 years of historical tick data through the platform's demo server environment.A Consolidation Play After Turbulent YearsThe metatrader.com launch follows a period in which MetaQuotes drew significant attention for moves that affected its broker and prop firm client base. The company raised licensing fees for MetaTrader 4 and MT5 by approximately 20-25% at the start of 2025, pushing the combined monthly cost for brokers running both platforms to an estimated $50,000 or more, depending on the package. The increase followed years of near-monopoly pricing power that the company has built by dominating the retail FX and CFD brokerage technology market.A consumer-facing portal does not directly generate broker licensing revenue, but it does create a channel for MetaQuotes to build brand recognition and community loyalty independent of the brokers that distribute its terminals. This article was written by Damian Chmiel at www.financemagnates.com.

European crypto exchange WhiteBIT has obtained a brokerage license from the National Bank of Georgia, allowing it to offer regulated derivatives in the country through a new legal entity separate from its existing VASP operation.Singapore Summit: Meet the largest APAC brokers you know (and those you still don't!) The structure splits the business in two. WhiteBIT Georgia, already licensed as a virtual asset service provider, will continue handling spot trading. The newly licensed WhiteBIT Broker will focus on derivatives, including perpetual futures. Running the two activities under separate licenses allows the higher-risk derivatives business to sit within a distinct regulatory framework. Georgia as a Crypto Licensing Destination Georgia has been an active issuer of VASP licenses, with the NBG having also licensed Bybit. According to Chainalysis data, the country ranks among the leading markets for grassroots crypto adoption, which WhiteBIT cites as part of its rationale for adding a derivatives offering there. The structure also highlights a divergence in how exchanges are approaching the Georgian market. While WhiteBIT has set up separate entities to operate spot and derivatives under distinct licenses, other platforms such as Bybit have focused on VASP-based operations without obtaining a local brokerage license. In practice, this means derivatives activity may continue to be routed through offshore entities rather than a domestically regulated framework.What the Dual-License Model Signals For exchanges looking to offer both spot and derivatives under a single brand, the WhiteBIT approach illustrates one way to structure the split: separate legal entities, separate licenses, one parent. The distinction is not just structural. It affects how clients are onboarded and where regulatory responsibility sits, particularly as jurisdictions begin to define rules for derivatives more clearly. Whether Georgia’s framework matures enough to attract larger institutional flows — or remains primarily a retail and semi-professional market — will determine whether this model scales beyond niche use cases. This article was written by Tanya Chepkova at www.financemagnates.com.

Salim Sebbata, a well-known name in the retail trading industry, has left Capital.com to join GTN as its Chief Commercial Officer for its European operations, FinanceMagnates.com has learned. The appointment came as the priority of the company, according to Sebbata, is “organic growth in Europe.”“We have a strong enough product and the right regulatory footprint to build that organically,” he said, addressing GTN’s commercial strategy on the continent.Singapore Summit: Meet the largest APAC brokers you know (and those you still don't!)Tapping “a Large and Underserved Segment in the UK and Europe”Before joining GTN, Sebbata was Capital.com's Head of M&A and Corporate Development. He stayed in that role for about one and a half years, overseeing the company's M&A strategy and supporting its global expansion initiatives.In his new role, he will be responsible for translating GTN's infrastructure into additional revenue-generating relationships in Europe. He elaborated that his “immediate job” is to ensure the right UK and European firms are aware of GTN's product capabilities and “understand what it means for their business.”“GTN's FCA authorisation allows us to offer both Omnibus and Tripartite Model B services to wealth managers, fintechs, and other investment firms that are authorised to trade on behalf of clients but need a custody partner,” he said. “That's a large and underserved segment in the UK and Europe – opening it up commercially is a core part of my mandate.”The broker currently offers access to over three million stocks across eight asset classes and over 90 markets, all through a single API framework and front ends. Sebbata also sees a few other priority pillars for GTN, which are “deepening relationships with established financial institutions looking to broaden their investment offering by adding fractional stocks, fixed income and funds – but also true flexible multi-asset class and global coverage.”“GTN's model — B2B and B2B2C, co-branded or API-embedded — gives us unusual flexibility, and I want to use that flexibility aggressively in the UK and Europe,” Sebbata added. “The flexibility of the firm is what sets us apart – usually, transfers of client assets at other firms we compete with fail not because of some US equity issue, but due to the percentage of exotic assets in the end-client accounts. We can cater to this.”With over three decades in the industry, Sebbata brings experience from firms such as CMC Markets, E*TRADE, and Mubasher Global. He was the CEO of BUX’s UK unit and its CFD division when the businesses were sold as part of the group’s divestment process.When asked about the possibility of M&A in GTN’s European commercial strategy, Sebbata highlighted the company’s backing by IFC, a member of the World Bank Group, and SBI Group. He also stressed GTN's genuine focus on the B2B opportunity.“Consolidation is actually a tailwind for GTN, not a headwind,” he added. “When platforms merge or get acquired, their distribution capability increases, and they need to offer additional investing solutions and markets.”“The White Space We See Is Around Integrated Infrastructure”GTN holds multiple licences globally but primarily operates in Europe under its Financial Conduct Authority (FCA) authorisation, obtained in September 2024. The UK licence also followed the appointment of Christopher Gregory as GTN's CEO for Europe. His task was also to expand the company's presence in the region, which was supposed to be part of its global growth strategy.When asked about GTN's plans to obtain a licence within the European Union, Gregory said that “our FCA authorisation provides a robust regulatory foundation and allows us to serve institutional partners and fintech platforms across multiple jurisdictions.”Interestingly, GTN is strengthening its offering under the FCA licence when several other established players have left not only the United Kingdom but also Europe. Gregory, however, pointed out that GTN's business model is not in the direct-to-consumer retail space.“We focus on B2B and B2B2C partnerships, accessible through a single infrastructure layer,” he added. “GTN provides the capability to firms looking to respond to that structural shift.”He further highlighted that GTN is looking to tap into a market where fintech platforms are seeking partners that can provide end-to-end capital markets infrastructure, not just execution.“The white space we see is around integrated infrastructure,” Gregory continued. “Many providers still offer fragmented services, forcing fintechs to stitch together multiple vendors. GTN’s focus is to provide a unified stack — multi-market connectivity, multi-asset class trading, post-trade services and custody — through a single integration.”“The next phase of fintech isn’t about trading apps – it’s about embedded investing infrastructure.” This article was written by Arnab Shome at www.financemagnates.com.

FXBO, a CRM provider for forex brokers, has partnered with BridgeWise, an Israel-based AI investment intelligence firm, to embed automated asset analysis into its back-office platform, the companies announced today (Wednesday).Singapore Summit: Meet the largest APAC brokers you know (and those you still don't!)FXBO Adds BridgeWise AI Asset Analysis to Its Forex Broker CRMThe integration places BridgeWise's AI-generated market reports inside FXBO's CRM, where brokers manage client accounts, communications and retention workflows, according to the firms. FXBO says the tool will allow brokers to deliver analysis to clients in more than 15 languages through reports, messaging and automated workflows, though neither company disclosed pricing, the number of brokers currently using the feature or specific performance benchmarks.FXBO, which says it serves over 250 brokers and maintains more than 370 integrations, has been steadily expanding its partnership roster. In recent months the firm integrated Brokeree's copy trading and PAMM modules, launched a dedicated prop trading CRM and partnered with Deus X Pay for stablecoin payment processing.AI Tools Crowd the Forex CRM SpaceThe tie-up is the latest in a string of deals connecting AI analytics vendors to broker infrastructure providers, as CRM platforms compete to add features that go beyond basic client management.Last year, rival CRM provider Techysquad integrated Acuity Trading's Research Terminal into its platform, giving brokers access to real-time market data and analyst-driven trade ideas within the same interface they use for onboarding and compliance. Devexperts took a similar path in May 2025 when it connected BridgeWise's Bridget chatbot to its Devexa trading assistant, letting users query stock recommendations and macroeconomic data without leaving the DXtrade platform. Fiboniq Technologies, a Cyprus-based CRM provider, chose a different angle in October 2025 when it embedded Takeprofit Tech's social trading module directly into its back-office product.BridgeWise Expands Its Broker FootprintBridgeWise, founded in 2019, has been building its presence across the retail brokerage sector. The company raised $21 million in funding in 2024 and counts Rakuten Securities among its largest deployments, where it says clients generated over three million AI-powered stock reports within 24 hours of launch last July. It also partnered with eToro to power the MidCapDiverse and Fundamental-AI portfolios.Dor Eligula, BridgeWise's co-founder and chief business officer, told Finance Magnates at the London Summit in late 2025 that the firm serves more than 35 million end users across 90 brokers and banks. In a separate interview, he said the company has "invested heavily in compliance and accuracy" and does not rely on general-purpose large language models, instead using smaller, vertically focused AI models designed for financial markets. BridgeWise's competitor TipRanks, another Israeli firm, also offers AI-based stock analysis, though it takes a different approach by aggregating data from professional analysts rather than generating proprietary scores.The FXBO did not provide details on the commercial terms of the partnership. Neither firm disclosed whether the integration is available to all existing FXBO clients or only to new subscribers.The forex CRM market in 2026 includes FXBO, B2CORE, AltimaCRM, Syntellicore and several smaller players, all competing on integration breadth, automation capabilities and now, increasingly, AI features. This article was written by Damian Chmiel at www.financemagnates.com.

The U.S. Securities and Exchange Commission (SEC) on Monday released its enforcement results for the fiscal year ending September 30, 2025, disclosing 456 total actions, including 303 standalone cases, and $17.9 billion in monetary relief ordered against defendants.Singapore Summit: Meet the largest APAC brokers you know (and those you still don't!)But the headline number comes with a large asterisk. Once the SEC strips out so-called "deemed satisfied" amounts, where courts in parallel criminal proceedings had already ordered restitution or forfeiture, and a single $8 billion judgment tied to the long-running Robert Allen Stanford Ponzi scheme litigation, the adjusted total falls to approximately $2.7 billion, split between $1.4 billion in disgorgement and $1.3 billion in civil penalties.The disclosure of that adjusted figure is itself unusual. The SEC noted that "deemed satisfied" amounts "historically had not been broken out or excluded in annual Commission statistics," suggesting the current leadership is deliberately drawing a contrast with the prior regime's reporting practices.Atkins Calls Prior Enforcement a "Misallocation of Resources"The fiscal year 2025 results arrived with language rarely seen in an SEC annual enforcement summary. Chairman Paul Atkins, who took the helm after being confirmed by the Senate in April 2025, used the release to publicly disown much of his predecessor's enforcement record."Over the past year, the Commission has put a stop to regulation by enforcement and recentered its enforcement program on the Commission's core mission by prioritizing cases that provide meaningful investor protection and strengthen market integrity," Atkins said in the agency's statement.The sharpest criticism targeted two categories of enforcement actions brought under former Chair Gary Gensler. First, the SEC pointed to 95 actions and $2.3 billion in penalties levied against financial firms since fiscal year 2022 for failing to preserve off-channel communications, primarily employee messages on platforms like WhatsApp and personal text messages. Second, the agency flagged seven crypto firm registration cases and six "definition of a dealer" enforcement actions. In both categories, the current Commission said the cases "identified no direct investor harm," "produced no investor benefit or protection," and amounted to a "bias for volume of cases brought versus matters of investor protection."Commissioner Mark T. Uyeda, who served as acting chairman before Atkins was confirmed, echoed the sentiment. "I fully support the move away from using enforcement as a tool for policymaking, and the return to the Commission's historical norms," Uyeda said.The WhatsApp Crackdown Era Winds DownThe off-channel communications enforcement campaign was one of the most visible and expensive compliance events for Wall Street firms in recent years. Starting with JPMorgan's $200 million fine in December 2021 for failing to monitor employee use of WhatsApp and iMessage, the SEC and CFTC together levied over $2 billion in combined penalties against dozens of broker-dealers and investment advisers through multiple rounds of enforcement.The penalties hit firms of all sizes. In 2022 alone, 16 Wall Street firms paid a collective $1.1 billion for recordkeeping failures, with banks including Barclays, Bank of America, Goldman Sachs and UBS each paying $125 million. Subsequent rounds brought additional fines against 26 firms totaling $393 million in August 2024 and $79 million against 10 firms in November 2023, including a $35 million penalty against Interactive Brokers.With the current Commission now characterizing these actions as a "misinterpretation of the federal securities laws," the enforcement pipeline for similar cases appears to have closed. Atkins had already signaled this shift in a Financial Times interview last year, criticizing the formulaic nature of penalties under his predecessor and saying the prior SEC "would shoot first and then ask questions later."Seven Crypto Cases Dismissed, Enforcement Approach ReversedThe SEC's crypto enforcement reversal was equally blunt. The agency confirmed it dismissed seven enforcement actions brought under the prior Commission between February and May 2025, including cases against Coinbase, Binance, Cumberland DRW, Consensys, Payward (Kraken's parent company), Dragonchain and Balina.The Coinbase dismissal in February 2025 and the Binance case pause that preceded it had already signaled the direction of travel. Both cases had been filed in 2023 under Gensler's leadership, and both were dropped after the formation of the SEC's Crypto Task Force under Commissioner Hester Peirce.The fiscal year 2025 report now frames these dismissals as a deliberate "course correction" rather than case-specific decisions. The agency said it launched the Cyber and Emerging Technologies Unit in February 2025 to "protect investors by combatting misconduct as it relates to securities transactions involving blockchain technology, AI, account takeovers, cybersecurity, and other areas," replacing the prior enforcement-led approach with what it described as a focus on actual fraud.Still, the SEC did bring several crypto-related fraud cases during the fiscal year, including charges against Unicoin and four of its executives for alleged false statements, a $198 million crypto and forex scheme allegedly run by PGI Global founder Ramil Palafox, and charges against the founder of AI company Nate, Inc. for allegedly raising more than $42 million through fraudulent solicitation.What It Means Going ForwardThe fiscal year 2025 report reads less like a standard annual enforcement summary and more like a policy manifesto. By publicly labeling large portions of the prior Commission's enforcement record as misguided, the Atkins SEC has effectively redrawn the boundaries of what the agency considers appropriate use of its enforcement authority.The CFTC has moved in a parallel direction under its own new leadership, dropping proposals and aligning with the SEC on crypto oversight. Both agencies are now emphasizing fraud-focused enforcement over what the prior administrations treated as registration and compliance violations.The 1,095 investigations that were opened and closed without action during the fiscal year, a figure the SEC disclosed but did not elaborate on, hint at the volume of activity happening below the surface. Whether the current Commission's more selective approach produces better outcomes for investors remains to be seen in future enforcement cycles. This article was written by Damian Chmiel at www.financemagnates.com.

Financial regulators in Australia and New Zealand issued coordinated warnings this week about a sharp rise in investment scams that use artificial intelligence to fabricate endorsements from politicians and business executives, as both countries struggle to contain losses that now run into billions of dollars.Singapore Summit: Meet the largest APAC brokers you know (and those you still don't!)Australia's Securities and Investments Commission (ASIC) said it removed 11,964 phishing and investment scam websites between January and December 2025, a 90% increase from the 6,270 sites taken down over the prior 12-month period. That works out to roughly 32 sites per day, or 230 per week. Across the Tasman Sea, New Zealand's Financial Markets Authority (FMA) issued a parallel warning about what it described as an increasing number of scams that use fake news articles and deepfake videos featuring local politicians and banking executives. Deepfakes Make Scams Harder to Spot Across the Asia-PacificFraudsters are using AI to generate polished videos, fabricated celebrity endorsements and targeted social media ads that direct victims to fake investment platforms.Since launching its takedown program in 2023, ASIC has knocked out more than 25,000 malicious sites and also removed over 1,100 scam advertisements on social media in 2025.The FMA said it identified 110 scam ads published in a single 24-hour period on Meta platforms and has flagged more than 190 fake trading platform websites for removal since the start of March 2026.ASIC Commissioner Alan Kirkland said scammers are hiding content that violates social media platform rules by using a technique called "cloaking," which displays different content depending on the user's device or location. "Scammers are using artificial intelligence to make fake investment ads look more polished, more convincing and harder to spot," Kirkland said. "We're seeing AI being used to create professional videos, fake endorsements and targeted ads designed to lure people into handing over their details."In New Zealand, the FMA said the current wave of scams features clickbait headlines that claim to reveal information authorities are trying to suppress. Samantha McGuire, the FMA's Manager of Regulatory Services, said individuals impersonated through deepfakes include Deputy Prime Minister Winston Peters, Kiwibank CEO Steve Jurkovich, and Westpac CEO Catherine McGrath. "We recommend exercising extreme caution when engaging with online content promoting investment opportunities, particularly when it uses images of high-profile New Zealanders," McGuire said. She added that scammers continuously switch identities, so stories may still be fraudulent even if they feature a different public figure.The FMA said the fake articles use logos from real New Zealand news outlets including RNZ, TVNZ, and the NZ Herald but link to fraudulent content containing false endorsements of investment platforms.$2.18 Billion Lost: Australia's Investment Scam Bill Keeps GrowingThe warnings come against the backdrop of rising financial losses. Australians lost $2.18 billion to scams in 2025, according to the National Anti-Scam Centre's latest Targeting Scams Report, with investment scams alone accounting for $837.7 million. Those figures represent a 7.8% increase from 2024, even as total losses remain roughly 30% below the 2022 peak of $3.1 billion.ASIC said the scams attempt to exploit public interest in AI by making unrealistic promises about quick and easy returns. "Scammers offer guaranteed, quick and easy investment returns, often claiming to leverage the latest AI technology to make money with minimal effort," Kirkland said. "With these AI videos, the only thing that is real is the amount of money you risk losing."The pattern closely mirrors what regulators have been tracking globally. A January 2026 report from blockchain analytics firm Chainalysis found that trading platform impersonation scams grew more than 1,400% year-over-year, with AI-enabled operations extracting 4.5 times more money per victim than traditional fraud methods. Germany's BaFin has also flagged at least 20 nearly identical websites advertising AI-based trading services with no verifiable operators, and the U.S. Commodity Futures Trading Commission warned in late 2025 that deepfake videos and voice cloning were being used in live video calls to impersonate brokers.How the Scam Works - From Fake Ads to Fake ProfitsBoth regulators described a nearly identical playbook. Victims encounter ads or fake news articles on social media featuring AI-generated images or videos of public figures. Clicking on these ads leads to websites where victims are asked to register their contact details.Scammers then call the victims posing as investment brokers, according to both the FMA and ASIC. In New Zealand, the FMA said victims are typically encouraged to make an initial deposit of around $250. Once the money is in, the fake platform displays fabricated profits to pressure victims into transferring more funds. When victims try to withdraw, they are told to pay additional fees, but no money is ever returned.The New Zealand regulator first warned about these tactics in August 2024, but McGuire said the agency has recently seen a "significant increase" in ads, fake news articles, and fake platform websites linked to the scam. The FMA has also been tracking deepfake-powered WhatsApp investment fraud and a separate phone survey scam that uses fake economic polls to harvest personal data before pitching bogus trading platforms.Regulators Urge Caution but Takedowns Alone Have LimitsASIC said consumers should not provide contact details or personal information to anyone promoting an investment opportunity unless they can verify the person holds an Australian Financial Services licence. The FMA's McGuire was equally direct: "Do not click on these ads or links, and do not enter your personal information into these websites."The scale of the takedown operations has grown rapidly. ASIC reported removing 6,900 scam sites in the year ended June 2025 and flagged more than 330 fake celebrity endorsement sites in the first half of that year alone. But the 90% year-over-year increase in takedowns also suggests the volume of fraudulent sites is growing faster than regulators can remove them.For victims who have already provided personal information, both regulators advise contacting their bank immediately and asking whether transactions can be reversed. The FMA also recommended that anyone who downloaded remote access software at a scammer's instruction should contact an IT professional to check their device for malware. This article was written by Damian Chmiel at www.financemagnates.com.

A new analysis by Outset Data of crypto media traffic and blockchain data suggests that news coverage does not reliably track activity in the digital asset economy. The findings challenge a widely held assumption that media attention reflects or predicts market behavior.Singapore Summit: Meet the largest APAC brokers you know (and those you still don't!).The study examined more than a decade of crypto headlines alongside price data and found no consistent relationship. Building on this, researchers analyzed media traffic and on-chain metrics across 2025 to test whether attention aligns with actual usage.Monthly Crypto Media Visits Drop SharplyThe dataset covered 349 media outlets across crypto, finance, technology, and general news. Traffic data was sourced from the Outset Media Index and grouped into two categories: crypto-native publications and mainstream outlets with crypto coverage. These figures were then compared with three on-chain indicators: stablecoin supply, USDT transfer volume, and decentralized exchange (DEX) trading activity.The results show that traffic to crypto-focused media declined throughout 2025. Monthly visits peaked at 105.85 million in January and fell to 70.78 million by December, a drop of 33.14%. Short-term increases, including a spike in July, did not alter the overall downward trend.At the same time, readership remained fragmented. The top ten crypto-native outlets accounted for about 25% of total traffic. The majority of visits, 64.6%, went to smaller publications, indicating a highly distributed media landscape.Mainstream Media Audiences Grow Nearly 60%In contrast, mainstream media attracted significantly larger audiences. Total traffic across these outlets reached 6.91 billion visits in 2025. Monthly traffic increased from 366.71 million in January to 585.73 million in December, a rise of 59.71%. A sharp increase occurred in March, when traffic jumped more than 70% month-on-month, and remained elevated for the rest of the year.While media traffic showed mixed trends, on-chain activity expanded steadily. Stablecoin supply, a proxy for liquidity, rose from 216.95 billion in January to 307.76 billion in December, an increase of 41.84%. Growth accelerated during the third quarter, with the largest monthly rise recorded in August.USDT transfer volume, which reflects payment and settlement activity, showed stronger volatility. After declining in the first quarter, it began to rise in May and peaked at 2.52 trillion in October, more than doubling January levels. Total annual transfer volume reached 18.92 trillion.A similar pattern appeared in decentralized trading. DEX spot volume increased from 112.45 billion in January to a peak of 214.68 billion in October. Total trading volume for the year reached 1.76 trillion, indicating sustained growth in on-chain trading activity.Media Traffic Does Not Track ActivityDespite these increases, the analysis found no consistent relationship between media traffic and blockchain activity. A time-lag comparison showed that changes in media attention did not systematically precede or follow shifts in on-chain metrics.Instead, the two datasets often moved in different directions. Crypto-native media traffic declined over the year, while liquidity, transfers, and trading activity expanded. This divergence was most visible in the second half of 2025, when on-chain indicators rose sharply but media traffic remained subdued.The findings suggest that attention-based signals may not capture underlying changes in the crypto economy. As more activity occurs directly on blockchain infrastructure, metrics such as liquidity flows and transaction volumes may provide a clearer view of market behavior.The study also notes several limitations, including the use of total site traffic rather than crypto-specific readership and the exclusion of activity on social platforms. However, the overall pattern remains consistent: media coverage and on-chain activity did not move together over the period analyzed. This article was written by Tareq Sikder at www.financemagnates.com.

CME Group announced plans to launch futures contracts for Avalanche and Sui next month, pending regulatory approval. Singapore Summit: Meet the largest APAC brokers you know (and those you still don't!).The contracts will be offered in standard and micro-sized formats. AVAX futures will trade in sizes of 5,000 AVAX, with Micro AVAX contracts at 500 AVAX. SUI futures will trade in 50,000 SUI, with Micro SUI contracts at 5,000 SUI.The launch includes micro contracts, providing smaller position sizes for traders with limited capital. While the main market remains institutional, these micro contracts allow brokers to provide retail clients access to regulated crypto derivatives. Adoption is expected to be modest, but it broadens participation beyond professional traders.CME Crypto Volumes Surge on MicroThe announcement follows strong growth in CME’s cryptocurrency derivatives market in the first quarter of 2025. The firm reported a record $11.3 billion in notional value. Micro futures were particularly popular.Micro ether futures traded 76,000 contracts on average daily. Micro bitcoin futures rose 113% year-over-year to 77,000 contracts. Standard bitcoin and ether futures also contributed, trading 18,000 and 13,000 contracts daily, respectively.Giovanni Vicioso, CME Group’s Global Head of Cryptocurrency Products, said the new contracts "will provide clients with greater choice, enhanced flexibility and more capital efficiencies across our deeply liquid, regulated Crypto derivatives complex."He added that March volumes showed growth, with "average daily volume up 19% year-over-year and nearly $8 billion in average notional value traded daily."New Futures Expand Access for TradersAvalanche and Sui futures will join CME Group’s existing cryptocurrency derivatives, which include Cardano, Chainlink, and Stellar contracts. Starting May 29, the company plans to make its cryptocurrency futures and options available for trading 24 hours a day, seven days a week.Isaac Cahana, CEO of Plus500US, commented, "With sustained and increasing interest in digital assets, we welcome the continued rollout of additional derivatives tailored to high-growth crypto assets." He added that the new contracts "further broaden access for our global customers, allowing them to participate in evolving markets with greater flexibility and improved capital efficiency." This article was written by Tareq Sikder at www.financemagnates.com.

XTB shares rose more than 2% on Tuesday to test 97.97 zlotys on the Warsaw Stock Exchange, eclipsing the previous all-time high of 96.94 zlotys recorded on March 10, as the Polish online broker announced the rollout of options trading in Germany and Spain.The company said clients in both markets can now trade American-style options on 110 U.S.-listed stocks and exchange-traded funds, including zero-days-to-expiration contracts, or 0DTE, on select underlying instruments. Fractional options trading is also available, the firm said in a press release on Tuesday.Germany and Spain rank among XTB's most important European markets. The launch follows a first rollout in Cyprus earlier this year, where XTB used its CySEC-supervised entity to test the product with a limited client base before expanding to larger jurisdictions. In the largest market, its home base of Poland, customers still have to wait for the offer.Spain's CFD Curbs Add Context to the Options PushThe Spanish expansion is particularly notable. Since 2024, Spain's market regulator CNMV has enforced strict restrictions on CFD advertising and marketing aimed at retail investors, effectively barring brokers from promoting their core leveraged products in the country. The rules ban sponsorship, use of public figures, and web-based promotional content related to CFDs, though trading itself remains permitted at the client's initiative.For XTB, whose revenue still depends heavily on CFD activity, the ability to offer options in Spain gives the broker an alternative product to market to local clients without running into the CNMV's CFD advertising restrictions. XTB previously said the Spanish market accounts for roughly 10% of its revenue."Data on the growing popularity of options trading in the United States clearly show that these are instruments gaining importance among individual investors," CEO Omar Arnaout said in the company's press release.[#highlighted-links#] "For years, they were associated with complex solutions for professionals, but technological development and easier access to knowledge have meant that more and more investors treat options as a tool to implement their investment strategies." He added that the broker will "continue expanding options to additional European markets in the coming months."European Brokers Race to Add Options for Retail ClientsXTB is not the only European-focused broker moving into retail options. IG Group, the London-listed trading platform, opened a waiting list for UK options trading under its tastytrade brand in late 2025, and its Japanese arm recently extended vanilla options access to corporate accounts. Interactive Brokers and Saxo Bank have offered options products across European markets for years, giving them a head start in a segment that has been dominated by U.S. platforms like Robinhood and tastytrade.What sets XTB's approach apart, at least for now, is that clients can only buy options, not write them. That limits the downside risk for retail traders who may be unfamiliar with derivatives, though it also caps the product's revenue potential compared to full options books. The company discussed this buy-only approach as early as October 2025, when board member Filip Kaczmarzyk told Polish financial daily Parkiet that the broker planned to start with a stripped-down version and expand functionality over time.The broader trend reflects a European retail market that is growing more competitive by the quarter. Robinhood, Trade Republic, and Interactive Brokers have all been expanding aggressively on the continent, pushing incumbents like XTB to broaden their product menus to retain clients. XTB reported a record client outflow of 21,500 users in the third quarter of 2025, a figure the company attributed to low market volatility rather than competitive pressure, though analysts at the time were less certain.Stock Hits Record After Months of VolatilityTuesday's share price move puts XTB at its highest level since the company listed on the Warsaw Stock Exchange in 2016. The stock had been volatile in recent weeks, falling more than 3% on March 21 after the firm published full-year 2025 results showing that net profit declined 24.8% to PLN 644.2 million, even as revenue hit a record PLN 2.15 billion. A near-doubling of marketing spend to over PLN 427 million in additional operating costs was the main drag on the bottom line.Noble Securities had maintained a "buy" rating on the stock with a price target of 95.70 zlotys as of January, citing expectations of a financial rebound driven by higher trading volatility and an ambitious product roadmap that includes margin trading and 24/5 extended market hours.Beyond options, the broker said it has also integrated TradingView-powered charting across its mobile platform, giving clients access to configurable charts, indicators, alerts, and direct order placement from the chart view. The web platform version of TradingView charts is currently available only in markets where options trading has launched, the company said.Employee Incentive Plan and Dividend on the AgendaSeparately, XTB's extraordinary general meeting scheduled for May 8 will vote on a new employee incentive program covering all staff, not just senior executives. Under the proposal, 25% of employees with the highest average annual performance ratings would receive bonus shares, provided the company hits at least 70% of its consolidated net profit target. The shares would vest over three years.The meeting will also consider authorizing the management board to repurchase up to 80,000 shares at prices between 50 and 120 zlotys each, funded by a PLN 9 million reserve, to settle obligations under the existing MRT incentive program for 2025.On the dividend front, XTB's management has recommended distributing PLN 478.5 million from 2025 net profit, or PLN 4.07 per share. The proposed record date is June 15, with payment on June 24. The company still awaits approval from Poland's financial regulator, KNF, before it can offer options to Polish clients, and its plans to launch spot cryptocurrency trading remain contingent on pending MiCA-related legislation in Poland. This article was written by Damian Chmiel at www.financemagnates.com.

$72.88 per ounce. That is where silver changed hands on the morning of April 7, 2026, roughly $49 below the $121.64 all-time high reached on January 29. The white metal has been moving sideways since mid-March, locked in a narrow range with the Easter period producing almost no meaningful volatility. During Tuesday's session, silver rose a modest 0.15%.The silver price prediction landscape has shifted dramatically since January's record. The Reuters poll of analysts now projects a 2026 average of $79.50 per ounce, up from $50 as recently as October 2025. Yet the most interesting signal is not coming from the price chart at all. It is coming from the physical market, where COMEX registered inventory has fallen to levels that exchange analysts flag as stress territory. As the February 18 Finance Magnates comprehensive gold and silver price prediction analysis noted, the Silver Institute projects a sixth consecutive annual market deficit in 2026 at approximately 67 million ounces.This week brings catalysts that may break the stalemate: FOMC minutes on April 8, Q4 GDP with core PCE data on April 9, and the approaching U.S.-imposed deadline on Iran. The Fed holds rates at 3.50-3.75%, and CME Group data shows a 0% probability of an April cut.Follow me on X for real-time market analysis: @ChmielDkWhy Silver Is Stuck? Iran, the Fed, and the Rate TrapSilver's 40% decline from the January peak is not a straightforward correction. It is the result of the same paradox that hit gold: an active Middle East conflict that should theoretically support precious metals is instead suppressing them through the monetary policy channel. The closure of the Strait of Hormuz sent crude surging, which fed inflation expectations, pushed Treasury yields to the 4.3-4.4% range, and strengthened the dollar. For a non-yielding metal like silver, all three are headwinds.Bas Kooijman, CEO and Asset Manager of DHF Capital S.A., confirms that silver prices traded sideways extending a period of consolidation as investors remained cautious ahead of key geopolitical developments. The approaching U.S.-imposed deadline on Iran is heightening uncertainty and discouraging aggressive positioning, he notes. Kooijman adds that recent Federal Reserve remarks further anchor this narrative, with policymakers emphasizing inflation risks over labor market concerns, reinforcing expectations that rates could remain unchanged for longer. Forecasts now largely discard the possibility of rate cuts this year.Despite these headwinds, the broader structural backdrop remains constructive. Kooijman points out that the silver market is expected to post a sixth consecutive annual supply deficit. Attention now turns to the release of the FOMC minutes and key inflation indicators, he notes, adding that the data could be crucial in determining the direction of silver prices.The U.S. economy added 178,000 jobs in March, the strongest nonfarm payroll gain in over a year. As the March 20 Finance Magnates analysis of why silver was crashing documented, the hawkish Fed hold in March, which revised 2026 dot-plot projections down to just one cut, hit silver harder than gold. The white metal had rallied from $40 to $121 in roughly fourteen months almost entirely on dovish Fed expectations and dollar weakness, making it acutely vulnerable to a policy repricing.The March 17 Finance Magnates analysis of gold and silver falling together established the amplification pattern: silver dropped nearly 20% from its weekly high while gold fell 6% over the same two sessions. Silver amplifies gold in both directions.COMEX Inventory Tightness: The Bullish Signal Price Is IgnoringWhile the silver price has been declining, the physical delivery data has moved in the opposite direction. According to BloFin Research, COMEX registered silver inventory, the metal carrying warehouse warrants that is immediately available for delivery, stood at approximately 76 million ounces as of late March 2026. Against total silver futures open interest of approximately 576 million ounces, that implies a coverage ratio of just 13.4%.A coverage ratio below 15% is the threshold that exchange analysts historically associate with delivery stress. The current reading sits just below that level.The March 2026 delivery cycle was unusually large: approximately 9,212 contracts equal to roughly 46.1 million ounces of physical silver. That figure represents approximately 60.6% of the entire current registered stock absorbed in a single delivery month. The registered inventory drawdown has been accelerating since late 2025.Technical Analysis of the Silver Price ChartBased on my over 15 years of experience as an analyst and trader, the silver chart on April 7, 2026, shows a market trapped within two overlapping consolidation structures that together define the range to watch.My chart shows the first consolidation is bounded by the key moving averages. The 50 EMA, marked in red on my chart, is acting as resistance near $78 per ounce. The 200 MA, marked in blue, provides the slower structural support near $63. This level was tested on March 23 and rejected by price, but the upper band at the 50 EMA has not yet been broken either. The space between these two averages defines the primary technical battleground.The second channel is defined by local price action. The upper boundary sits at the early March highs near $94 per ounce. The lower boundary runs through the round $70 level. Between March 19 and March 30, price attempted to break below $70 repeatedly, balancing above and below this level across multiple sessions. Ultimately, $70 held and the breakdown proved false. As the March 20 Finance Magnates silver crash analysis confirmed, $70 has now held for the third time since the start of 2026.Together with the moving averages, these channels create a combined structure that defines the current setup.My directional bias is neutral within the range but fundamentally constructive. The technicals alone say: wait for a break. If silver exits these channels to the downside, breaking below $63 and the 200 MA on a sustained basis, the path opens toward $54, the October 2025 high. That level represents the next major structural support below the current consolidation.If silver breaks to the upside, clearing the 50 EMA near $78 and then the $94 local highs, the path reopens toward the $120 zone tested in late January. As the February 10 Finance Magnates analysis of Bank of America's $309 silver prediction documented, my previous Fibonacci targets above $100 remain valid for the broader cycle but require a clean breakout above $94 to reactivate.The COMEX physical data, however, tilts the probability toward the upside resolution. A 13.4% coverage ratio and a 12-13% SHFE premium are not typical of a market about to break lower.Silver Price Prediction 2026: What Analysts Are Targeting?The range of silver price predictions for 2026 is extraordinarily wide, reflecting both the unprecedented nature of recent price action and genuine analytical disagreement about whether the paper pricing mechanism can continue to diverge from physical fundamentals.The Reuters poll now projects a 2026 average silver price of $79.50 per ounce, as the February 18 Finance Magnates silver and gold forecast established. That same poll projected $50 just in October 2025. The gap between those two numbers mirrors the speed at which the silver market changed.Bank of America's Michael Widmer maintains one of the most extreme institutional forecasts, projecting silver could reach between $135 and $309 per ounce based on historical gold-to-silver ratio compression. As the February 10 Finance Magnates analysis detailed, the gold-silver ratio currently sits near 64:1. A return to the 2011 extreme of 32:1 would mathematically support silver at roughly $146 per ounce given gold at $4,685. Citigroup's $150 target, published January 29, rests on a similar thesis but with a three-month time horizon that has since expired without being met. The January 29 Finance Magnates coverage of Citi's forecast noted that Citi called silver "gold on steroids."At the extreme bull end, macro strategist David Hunter targets $180 for silver, while Robert Kiyosaki's $200 forecast sits alongside Tom Bradshaw's $375 by 2028.How High Can Silver Go? Bull and Bear ScenariosThe bull case for silver in 2026 rests on the convergence of physical tightness and structural industrial demand. COMEX registered inventory at 13.4% coverage, a persistent 12-13% SHFE premium, and a sixth consecutive annual supply deficit create conditions where a relatively small increase in physical demand could force a significant repricing. As Kooijman from DHF Capital notes, the structural backdrop remains constructive despite near-term headwinds from rates and the dollar.Industrial demand continues to build. China's silver imports reached 206.76 tonnes in the first two months of 2026, the highest level in eight years, as the February 23 Finance Magnates analysis of silver surging with gold documented. Data centers, EV production, and AI infrastructure are all growing end-uses for the metal. The Silver Institute projects physical investment demand rising 20% in 2026 to 227 million ounces, a three-year high.If the Fed delivers rate cuts in the second half of 2026, weakening the dollar and compressing real yields, silver's dual identity as both safe-haven and industrial metal positions it for outsized gains. The $94 resistance on my chart is the first gate; a clean break reopens the $120 zone.The bear case requires continued monetary hawkishness, a strengthening dollar, and resolution of geopolitical tensions that removes the risk premium. If Treasury yields stay above 4% and the Fed holds rates into year-end, silver could struggle to break above the 50 EMA at $78 and eventually test the 200 MA at $63. A sustained break below that level, which has not been tested since March 23, targets $54. That scenario aligns with the broader paper liquidation risk that BloFin Research acknowledges: in a macro risk-off environment, futures prices can continue falling regardless of what physical inventories are doing.The January 20 Finance Magnates analysis of silver and gold surging together established an important warning: silver showed bubble-like characteristics at the January highs, with Bank of America ranking it highest for bubble-like asset dynamics. Solar panel manufacturers are actively reducing silver content per unit to cut costs, and jewelry demand continues weakening in key Asian markets as high prices squeeze affordability. Those structural offsets cap the most extreme upside forecasts.FAQHow high can silver go in 2026? Silver price predictions for 2026 range from JPMorgan's $81 average to Bank of America's $309 bull case based on gold-silver ratio compression. The Reuters poll projects an average of $79.50 per ounce. Silver's all-time high of $121.64 was reached on January 29, 2026. Extreme outlier forecasts include Robert Kiyosaki's $200 and Tom Bradshaw's $375 by 2028. The bear case on my chart targets $54 if the $63 support breaks.Why is silver going up in 2026? Silver's 2026 gains are driven by three forces: physical supply tightness (COMEX registered inventory at 13.4% coverage with a 12-13% SHFE premium), a sixth consecutive annual supply deficit projected at 67 million ounces by the Silver Institute, and industrial demand from data centers, EVs, and solar panels. China's silver imports reached their highest level in eight years in early 2026.What is the silver price prediction for the rest of 2026? Reuters projects a $79.50 average, Bank of America targets $135-$309, Citigroup set a $150-$170 target, and macro strategist David Hunter sees $180. On the downside, my technical analysis shows $54 as the bear case target if the $70 support and $63 200-day MA fail. The next key catalysts are FOMC minutes on April 8 and PCE inflation data on April 9.Why did silver crash from its all-time high? Silver fell 40% from its $121.64 January 29 peak due to CME margin hikes, hawkish Fed repricing (dot plot revised to one 2026 cut from two), the Iran conflict pushing oil higher and strengthening the dollar, and massive leveraged long liquidation. The crash was amplified by silver's tendency to move roughly 3x gold's percentage moves in both directions.Is silver a better investment than gold in 2026? Silver has outperformed gold over the past year with a roughly 150% gain versus gold's approximately 56%. However, silver is significantly more volatile. Silver's industrial demand (solar, EVs, AI infrastructure) provides a growth component that gold lacks, while COMEX physical tightness supports the supply-squeeze thesis. The gold-silver ratio at 64:1 suggests silver remains historically undervalued relative to gold, but the bear case for a 25% decline to $54 is more severe than gold's comparable downside scenario. This article was written by Damian Chmiel at www.financemagnates.com.