CFI Financial Group has received regulatory approval from the Colombian Financial Superintendence (SFC) to establish a representative office in Colombia. The authorization allows the company to proceed with its plans to open an office in Bogotá.The office will focus on market awareness and promotional activities for products approved under local regulations. Operations will be conducted according to compliance requirements set by Colombian authorities. Once operational, the office will support clients in Colombia by providing access to global markets.CFI Expands Globally, Adds Latin Presence“Colombia represents a strategic milestone in our global expansion and reflects ourcommitment to operating closer to the markets where our clients are,” said Ziad Melhem, CEO of CFI Financial Group. CFI’s platforms offer trading tools and educational resources. The company said these resources are intended to provide secure and transparent trading experiences tailored to local needs.This development adds to CFI’s presence in Latin America and follows recent expansions in South Africa, Azerbaijan, and Bahrain. The company describes the move as part of its strategy to grow its regulated operations internationally.“This authorization enables us to deliver localized products, stronger support, and a more connected experience, all while upholding the highest regulatory and transparency standards,” Melhem added. This article was written by Tareq Sikder at www.financemagnates.com.

The Saxo Bank Group reported a net profit of EUR 73 million for the first half of 2025, an increase of 18% compared to EUR 62 million in the same period last year. Adjusted net profit stood at EUR 69 million, broadly in line with the EUR 68 million recorded in H1 2024.Revenue and Asset Growth“The investment culture worldwide is thriving, and I am pleased that so many new investors are choosing to start and continue their investment journey with Saxo,” Kim Fournais, CEO and Founder of Saxo Bank, said.Total income rose to EUR 335 million, up from EUR 311 million in the first half of 2024. The bank said client assets reached EUR 118 billion, the highest level in its history, compared to EUR 109 billion a year earlier.Expansion of Client BaseThe number of clients grew to 1.39 million, a 13% increase from 1.23 million in the first half of last year. Saxo noted that this expansion in the client base helped push total assets to the new record.You may find it interesting at FinanceMagnates.com: Saxo Bank Launches Fractional Shares Trading in Singapore.Trading activity was also higher. The number of trades executed on Saxo’s platforms rose 28% year-on-year, driven by strong activity in the first four months of 2025. Activity levels returned to more normal conditions during the second quarter.Impact of Market ConditionsThe bank said this was partly linked to higher volatility in global financial markets, which has been influenced by geopolitical tensions since the start of the year.Saxo’s capital ratio improved slightly, reaching 28.3% compared to 27.5% a year earlier. This article was written by Tareq Sikder at www.financemagnates.com.

AEL Limassol kicked off their 2025–2026 league campaign in style with a 2–0 win in their opening match on Friday, August 22, 2025, marking an impressive start to the season.The match also highlighted the continued partnership between AEL Limassol and IC Markets EU, one of the leading global multi-asset brokers. Earlier this year, IC Markets EU renewed its Gold Sponsorship agreement with the club until 2027, reinforcing its long-term support of the team and its connection with the Limassol community.Founded in 1930, AEL Limassol has established itself as one of Cyprus’s most prominent football clubs, with a passionate fanbase and a history of competitive success. By extending its Gold Sponsorship, IC Markets EU has reaffirmed its commitment to contributing to the growth of the sport and supporting the club’s ambitions on and off the pitch.IC Markets EU stated in its renewal announcement: “Supporting AEL Limassol is about more than football — it’s about being part of a community and a legacy. We are excited to continue our partnership and look forward to another successful season ahead.”With a strong opening victory and renewed backing from a long-term sponsor, AEL Limassol begins the 2025–2026 season with both momentum and stability, setting the stage for another exciting campaign. This article was written by FM Contributors at www.financemagnates.com.

Hong Kong's Securities and Futures Commission (SFC) slapped Deutsche Bank with a $23.8 million penalty today (Wednesday), citing widespread failures that led to clients being overcharged roughly $39 million in fees across multiple business lines.The German bank faced disciplinary action for five separate regulatory breaches spanning from 2012 to 2023, including systematic overcharging of management fees, botched valuations of debt instruments and funds, and failure to properly disclose investment banking relationships in research reports.The violations came to light through Deutsche Bank's own internal reviews between 2020 and 2023, when the bank reported the issues to Hong Kong authorities. The SFC's investigation revealed problems that stretched back more than a decade in some cases.Fee Overcharging Hits Multiple Client TypesThe SFC said Deutsche Bank "failed to act with due skill, care and diligence, in the best interests of its clients and the integrity of the market" in its disciplinary statement.The most significant breach involved 39 discretionary portfolio management accounts that were charged standard management fees instead of agreed-upon discounted rates between June 2016 and September 2022. This error alone cost clients approximately $5 million.The overcharging happened due to what the SFC described as "shortcomings in DB's processes and failures in their implementation." In some cases, relationship managers failed to input discount requests into the bank's system, while in others, the system automatically reverted to standard rates after portfolio switches without staff realizing discounted rates needed to be re-entered.Deutsche Bank also incorrectly valued 392 floating-rate debt instruments by treating them as fixed-rate bonds between November 2015 and December 2020. This led to wrong portfolio valuations and resulted in 92 clients being overcharged €10,988 in total custodian and management fees.A third overcharging incident involved 16 private equity funds and three real estate funds that were incorrectly valued between May 2022 and November 2023. An outsourced vendor responsible for updating fund prices stopped doing so due to IT issues but failed to properly escalate the problem. This resulted in 233 clients receiving incorrect monthly statements and 32 of them being overcharged $493 in custodian fees.You may also like: Hong Kong Regulator Bans Broker Text Links After Phishing Scams Hit TradersResearch Disclosure Failures Span Seven YearsDeutsche Bank's research division failed to disclose investment banking relationships in 261 single-company reports and 1,590 industry reports published between September 2014 and September 2021. The bank's global research disclosure system missed relationships where mandates existed but fees hadn't been received yet, or where mandates weren't properly marked as closed in client systems.The bank also assigned incorrect product risk ratings to 40 exchange-traded funds between August 2012 and December 2020, affecting 265 transactions involving 93 clients. Ten transactions resulted in risk mismatches where products carried higher risk than clients' stated tolerance levels. The errors stemmed from outdated guidelines and knowledge gaps among operations staff due to turnover.This is not the first time the SFC has dealt with Deutsche Bank. Nearly 10 years ago, it banned one of the bank’s Korean employees for involvement in market manipulation. In 2021, a former Deutsche Bank trader was sentenced to prison for fraud.Regulatory Response Considers CooperationThe SFC noted that Deutsche Bank's breaches were "inadvertent and did not involve any deliberate or intentional misconduct." The regulator factored in the bank's cooperation, including conducting internal reviews, strengthening controls, refunding overcharged fees, and accepting the disciplinary action.Deutsche Bank has been registered in Hong Kong since 2008 to conduct securities dealing, advisory services, corporate finance advice, and asset management activities. The bank has already remediated the identified issues and enhanced its internal systems, according to the SFC.The fine represents one of the larger penalties imposed by Hong Kong's securities regulator in recent years for operational failures. In March, Deutsche Bank also paid a fine of a similar size to Germany’s BaFin for regulatory breaches. However, this is far from the record penalties the bank has grown accustomed to. One example is the $775 million fine from the U.S. Department of Justice for Libor rigging. This article was written by Damian Chmiel at www.financemagnates.com.

When My Forex Funds collapsed, the US suddenly became a grey zone for prop firms. Even though prop trading is not the same as brokerage, many firms choose to play it safe and step back. MetaQuotes then added more uncertainty by blocking prop firms from serving US clients altogether.Futures Props Filled in the GapDuring that vacuum, some firms tried to keep their presence through web-based platforms like MatchTrader, DXTrade, and TradeLocker. But those platforms never attracted the same scale of traders. Instead, US traders turned en masse to futures firms — names like TopStep, Apex, and MyFundedFutures — which quickly became dominant in the American market.Related: Devexperts Onboarded over 40 Prop Firms to DXtrade in a Year, Now Focuses on FuturesIt’s still not entirely clear whether futures props and CFD props should be viewed as the same industry or two parallel ones. What is clear is that futures have grown drastically over the last year and will continue to expand. Today, the industry feels evenly split, with CFD prop firms and futures props each holding roughly half of the market cap, highlighting just how significant both sides have become.FTMO’s MT5 LeverageNow, the tide is turning again. FTMO’s return to the US is especially notable because it comes with MetaTrader 5 — making them the only prop firm able to offer MT5 access to US traders compliantly. This absolute advantage is possible thanks to their partnership with OANDA and the backing of OANDA’s RFED regulation, giving them a level of credibility and access no other firm currently has.Read more: Prop Trading on MetaTrader 5 Is Back in the USAt the same time, The5ers have reopened to US clients through cTrader. Their move wasn’t coincidental — they had been preparing for cTrader for some time, knowing it would be the pathway to re-enter the US market in a compliant way.FTMO | Now in the United States ??We're here. Join US.FTMO: https://t.co/WGafjXdgLDFTMO US: https://t.co/RdkLL6U45V pic.twitter.com/fc2of4vqo0— FTMO.com (@FTMO_com) August 26, 2025The key point: any prop firm can now follow the same route, as long as they support it with a strong legal opinion.What makes this moment particularly interesting is the clash between futures and CFD props.Over the past year, futures firms built enormous awareness and credibility in the US Their rules are often stricter, their risk models tighter, and their branding leans more “institutional.” By contrast, CFD-based prop trading — especially in its simulated format — is still more flexible. It offers easier trading rules, broader access to instruments, and a smoother entry point for retail traders. That difference means the CFD model has far more room for growth if awareness spreads again in the US.So the question is: are CFD firms simply reclaiming their old audience, or are they also eyeing the futures crowd? The reality is probably both.Everyone Might Be Looking into FuturesCFD props may not replace futures firms overnight, but they will certainly compete for attention. In fact, we’re already seeing crossover: firms like FundingPips (with FundingTicks) and FundedNext have launched futures programs alongside their CFD offerings. It seems clear that The5ers and FTMO are preparing the ground in a similar way — and through their new US path, they are well positioned to eventually expand into futures as well.Behind all of this is a simple truth: the US matters. Before the MetaQuotes crackdown in early 2024, nearly 30% of traffic to the top prop firms came from American traders. No global player can afford to ignore that market for long. By finding legal and platform pathways back in, firms like FTMO and The5ers are setting a precedent for others to follow.The bigger picture is encouraging. Prop trading is no longer at a standstill in the US. It’s evolving, adapting, and showing resilience. With MetaQuotes still off-limits, cTrader has become the bridge. For traders, this means more choice, better platforms, and more opportunities. For the industry, it marks the beginning of a new chapter. This article was written by Ruben Abitbol at www.financemagnates.com.

How does a top-tier broker like Tauro Markets preserve its position as an industry leader? Liam Murphy, Tauro Markets COO, who has spent close to a decade in leadership roles at some of the fintech and financial service industry’s most recognisable brands, believes that agility and efficiency are key. In the following interview, Mr. Murphy shares his insights into what has helped propel Tauro Markets to the pinnacle of their segment and the strategic thinking behind the broker’s innovative business development approach. “At Tauro, agility and efficiency aren’t buzzwords—they’re baked into our DNA. We’re not here to be a middling broker; we’re here to lead, and that requires both sharp execution and a bold mindset. Operationally, this means being unafraid to make tough decisions and challenge the status quo. We’ve built systems and workflows that are deliberately lean but adaptable, allowing us to pivot quickly when needed—whether that’s adopting new technology, responding to client needs, or entering new markets.But agility doesn’t mean chaos. Behind the scenes, we’ve built a culture of ownership and structure, where every member of the team understands the mission and moves with purpose. That’s how we stay fast—without breaking things.”Tauro Markets’ Global Growth StrategyMr. Murphy has overseen Tauro Markets rapid global growth and has found that intentionality and data are instrumental to success. “Our global growth is intentional, not opportunistic. Before entering any new region, we invest heavily in understanding local nuances—through research, local partnerships, and involving culturally fluent team members. This ensures we’re not just translating content, but actually speaking the language of the region—operationally and strategically.We also don’t follow a cookie-cutter model. What worked in one market doesn’t always translate to another, and that’s okay. Our experienced team embraces this complexity and adapts accordingly. We combine global infrastructure with localised execution—backed by data, feedback loops, and a willingness to experiment.”The Importance of PartnershipTauro Markets also places great importance and invests heavily in partner relationships. It’s widely known that the broker offers some of the most competitive and flexible partner programs. That’s because the company has found that a one-size-fits-all approach isn’t effective today. As Mr. Murphy says:“At Tauro, our partners are just that—partners. These are often highly capable businesses in their own right, and they’ve outgrown the one-size-fits-all approach. That’s why we built our Partner Operations team to balance scalability with flexibility. We can support volume and growth, but still tailor solutions to enable our partners to outperform—even compared to their own previous results.This flexibility isn’t just a perk. It’s strategic. It’s how we earn trust, and how we help partners unlock more value in their businesses.”A fair partnership is, of course, reciprocal. Affiliates and IBs refer clients to a broker, and their revenue (depending on the program) is dependent on client activation or trading activity. Partners also rely on the broker to be reliable and innovative to best serve those referred clients. The previous model of focusing purely on the volume of traffic, unfortunately, isn’t viable anymore. As Mr. Murphy notes:“The days of relying solely on raw traffic are numbered. We’ve built a model that focuses on long-term value, not just short-term acquisition. That includes deep partnerships, data-driven growth, and now—AI-powered tools designed to elevate both client and partner performance.We made a conscious decision not to rush out our client and partner mobile apps, and instead focused on how we could integrate AI across our ecosystem. These tools are now entering the implementation stage, and we’re incredibly excited about the competitive edge they will bring. Our goal isn’t to match what others are doing—we want to redefine what’s possible in this space.”Mr. Murphy also notes here that within this new industry paradigm, partners are prioritised. This guarantees partners receive an outstanding level of marketing services. He also says direct communication is encouraged between partners and business developers. By having a dedicated contact person, alignment and cooperation are streamlined. Proof of an Effective StrategyThis strategic positioning has proven to be effective. This year alone, Tauro Markets has won awards, forged new partnerships, expanded across multiple vectors and managed to raise Series A funding to accelerate its global reach.Noteworthy Milestones of 2025Announced as winner of the “Most Trusted Multi-Asset Broker UAE 2025” Award by IBMThe Synervest Group (Tauro Markets financial backer) raised $4 million during Series A FundingStrategic expansion into emerging markets, focusing on LATAM and AsiaLaunched a partnership with Luxembourg-based investment firm DHF Capital, to accelerate their MENA expansionThe Path ForwardEvery solid strategy should also lay the foundation for future goals. It sets up the priorities and the methodologies to keep each contributing factor under control. How does Tauro Markets intend to continue leading the brokerage segment? Mr. Murphy says:“Scaling with precision. We’re expanding globally, but doing so without compromising quality or culture. That means staying close to our teams, listening to the people on the ground, and continuously refining our processes.Lastly, we’re committed to innovation—not just keeping up, but pushing the boundaries of what a broker can and should be. That’s the operational North Star for us at Tauro, and this is where it starts to get exciting!” This article was written by FM Contributors at www.financemagnates.com.

SharpenAX Academy, founded by Mohamed Ahmed and Ebie Alex, has officially launched its online trading education platform, marking a major milestone in professional financial training. The academy aims to empower traders worldwide with practical skills, advanced strategies, and the discipline needed to excel in global markets.The academy’s curriculum spans forex, indices, and commodities, moving students from foundational concepts to advanced price-action strategies. Courses include Smart Money Concepts, Candlestick Mastery, and the proprietary Time Machine Trading Strategy, complemented by a private online community for mentorship and collaboration.Eslam Ahmed, Chief Financial Market Analyst at SharpenAX Academy, leads educational programs. With over 20 years of global market experience and multiple professional certifications from the CISI (UK), including Wealth Management and UAE Financial Rules & Regulations, Eslam is dedicated to mentoring traders and turning complex market concepts into actionable strategies. “Our mission is to train the next generation of traders to approach markets with professionalism and confidence,” said Eslam Ahmed. The founders highlighted the academy’s achievement: “SharpenAX Academy represents our vision to create an innovative platform where traders worldwide can learn, grow, and achieve tangible results,” said Mohamed Ahmed. “We are proud to offer programs led by an expert like Eslam Ahmed, providing a supportive and practical learning experience for all students,” added Ebie Alex. With this launch, Sharpenax Academy is positioned as a leading online destination for ambitious traders seeking mastery, discipline, and long-term success. About Sharpenax Academy Founded by Mohamed Ahmed and Ebie Alex, and led by Eslam Ahmed, Chief Financial Market Analyst, Sharpenax Academy is a Dubai-based online trading education platform offering structured, results-driven programs in trading. For more information, visit sharpenax.com This article was written by FM Contributors at www.financemagnates.com.

Newcastle United has entered a multi-year partnership agreement with cryptocurrency exchange BYDFi, adding another digital asset company to the growing list of crypto sponsors in English football.Newcastle United Partners with Crypto Exchange BYDFiThe deal makes BYDFi the Premier League club's official cryptocurrency exchange partner. Terms of the agreement were not disclosed by either party.The partnership comes as Newcastle United continues building its commercial portfolio following the Saudi-backed takeover in 2021. The club has been working to expand its international presence, particularly in Asian markets.? We are thrilled to announce our partnership with @NUFC BYDFi has become Newcastle United’s Exclusive Official Crypto Exchange Partner, in a shared commitment to innovation, integrity, and long-term value for supporters and users worldwide.As Official Partner of Newcastle… pic.twitter.com/HiANyZBwrn— BYDFi (@BYDFi) August 26, 2025For Newcastle, this is not the first partnership with companies from the retail trading sector. Last year, the club added broker VT Markets to its partners, while a few years earlier Israeli fintech eToro was among its main sponsors. Newcastle has also previously worked with crypto firms, including a 2019 deal with trading company StormGain, whose logo appeared on the sleeves of the club’s match jerseys.BYDFi, which launched in 2020, claims to serve over one million users across more than 190 countries and territories. The Seychelles-based platform offers cryptocurrency trading services for retail investors.Growing International AudienceNewcastle United's Chief Commercial Officer Peter Silverstone highlighted the club's recent growth metrics in announcing the deal. He noted that since the 2021-22 season, the club's broadcast audience ranks second among European clubs, while it attracts the fifth-highest Premier League television audience in the Asia-Pacific region."We're excited to welcome BYDFi to the Newcastle United family," Silverstone said. "Our club has seen incredible growth in recent years... This partnership gives BYDFi a fantastic platform to connect with our supporters around the world."The club also reported being the fastest-growing Premier League team on social media last season, though specific follower numbers were not provided.BYDFi Co-founder and CEO Michael Hung described the partnership as aligned with the company's expansion goals. "Partnering with one of Europe's biggest clubs shows our ambition to continue our growth and reach new audiences," Hung said.Crypto Partnerships in FootballThe Newcastle-BYDFi deal reflects the continued interest from cryptocurrency companies in football sponsorships, despite increased regulatory scrutiny in recent years. Several other football clubs clubs have signed similar partnerships with digital asset firms.Earlier this year, Italy’s Juventus partnered with Tether, while Bitpanda joined the group of sponsors of FC Basel. At the same time, Crypto.com increased its sports promotion spending to more than $200 million.According to data collected by B2BINPAY, crypto funding in sports reached $565 million in the 2024/25 season, with 60 percent tied to football-related deals.The partnership will involve BYDFi working to connect with Newcastle's global fanbase through digital finance tools and experiences, though specific details of fan-facing initiatives were not outlined in the announcement.Newcastle United currently sits in mid-table in the Premier League after significant investment in player transfers following the ownership change. The club has been building its commercial partnerships as part of broader revenue diversification efforts. This article was written by Damian Chmiel at www.financemagnates.com.

Robinhood’s CEO Vlad Tenev laid out a roadmap for his retail trading company (NASDAQ: HOOD) that signals a departure from the typical online brokerage model and a move toward what he described as a “family office in your pocket.” Speaking in an extended interview with The Iced Coffee Hour podcast, Tenev detailed a vision for a multigenerational financial platform that could widen access to investing, integrate tokenized assets, and streamline services for users across age groups.Pushing for “Great Wealth Transfer”Tenev said the company is responding to a major shift in how Americans approach investing, with younger users channeling discretionary spending into stocks, technology, and cryptocurrencies. “If it wasn’t for Robinhood, I wouldn’t be an investor. I’d probably be spending this money,” he said, referencing customer feedback. He noted the platform’s assets under custody have surpassed a quarter of a trillion dollars, with average account sizes growing well into five figures as more users consolidate their investing activities.One of the more pointed aims is to turn Robinhood into a platform capable of handling the “great wealth transfer” anticipated over the next few decades, as trillions move from older to younger generations. Tenev argued that while incumbent firms often struggle to create strong multi-user offerings, Robinhood is working to make it easier for families to manage finances together, including offerings for children and parents. He envisions a service that works for anyone “whether you’re zero years old or, you know, a hundred years old.”The company is also exploring expanding access to minors through pilot programs and new regulatory efforts, tying this to broader efforts to capture families’ long-term wealth management needs. Tenev linked these ideas directly to government-backed initiatives like Invest America, which would seed children’s accounts with exposure to major U.S. companies.Tokenized Assets Revolution and Private InvestmentsRobinhood is investing in technology that could make tokenized assets, including U.S. equities, private companies, and real estate, available to retail investors. Tenev called tokenization “the biggest innovation in capital markets in well over a decade,” highlighting live pilots in Europe and prototypes involving SpaceX and OpenAI. The goal, he explained, is to allow users around the world to access U.S. stocks, trade them around the clock, and ultimately add traditionally hard-to-reach investments, such as art, real estate, or private equity, to their portfolios.Robinhood already offers tokenized stocks to its clients, a move that has proven highly popular but has also drawn the attention of regulators.We’re giving away the first Private Company Stock Tokens of Open AI and Space X.If you’re a Robinhood EU customer and you qualify, you are now able to claim your tokens in-app until July 7th.#RobinhoodPresents https://t.co/oX97lRQ8Vc pic.twitter.com/rkK1JKxHiC— Robinhood EU (@RobinhoodApp_EU) June 30, 2025Current regulations on accredited investors remain an obstacle to fully democratizing private market access. “You can’t invest in a private company unless you’re a high net worth individual... which shuts out 80% of people from investing in private companies,” Tenev said. He argued that the rules feel outdated, especially as private tech and AI companies remain out of reach for the average investor.The World Federation of Exchanges recently warned that tokenized assets such as stocks could undermine market integrity, a signal that established players may fear losing their dominant and centralized role. Robinhood, however, has built its reputation on disrupting incumbents. Without HOOD, the commission-free trading revolution might never have happened.You may also like: Everything You Need to Know About Tokenized Stocks in 2025Social Trading Is “Sexy” AgainRobinhood, which originally launched as a social networking tool for investors, is considering reopening social features, such as voluntary portfolio sharing and copy-trading, while weighing privacy concerns and regulatory risk."We launched in 2013 as a social network," Tenev revealed adding that the company had envisioned democratizing stock analysis: "Anyone can be an analyst. We created this social network where people could rate stocks and write comments."While the social features were shelved to focus on commission-free trading, Tenev hinted at a return: "Sometimes I think about that because very much in our DNA to build those types of products. And who knows, maybe some point we'll revisit."Tenev also hinted the company could move further into physical asset investing, making it possible to own, track, or even transfer assets like real estate and collectibles in a simplified digital format. Partnerships, such as those with mortgage providers, could further integrate property ownership into the app.Balancing Regulation, Scale, and Customer DemandTenev said Robinhood’s evolution has always been about tightening the link between price, user experience, and access. He pointed to commission-free trading as transformative but stressed that new product launches, like personalized investment matches and expanding asset classes, will drive future growth.He also reflected on missteps, particularly during the GameStop controversy, emphasizing the balance between communication and regulatory compliance. “It was just to comply with regulatory requirements... if you don’t comply, they can come in and shut down your business,” he said of the infamous trading halt.Robinhood’s ambition signals it may try to bypass the limits of traditional finance by combining technology, wide asset access, and integrated family services into one platform, though much will depend on regulation and market adoption. “If we can serve someone like me, all of their financial needs, that should then accrue to everyone,” Tenev concluded. This article was written by Damian Chmiel at www.financemagnates.com.

Australia's financial regulator shut down MWL Financial Services and banned its managing director for a decade following what officials described as serious failures in how the firm handled client investments worth $155 million.ASIC Cancels License of Firm in $480M Fund CaseThe Australian Securities and Investments Commission (ASIC) cancelled MWL's license and imposed a 10-year ban on Nicholas Maikousis, the firm's managing director, over conduct related to the Shield Master Fund.ASIC's investigation found MWL operated what it called a "low cost advice project" from 2021, working with telemarketers to funnel client superannuation money into Shield. More than 750 clients invested collectively in the fund between September 2021 and February 2024.The regulator discovered MWL provided template advice documents to its advisers that contained misleading information about Shield's past performance. The firm also failed to properly assess the fund before adding it to its approved investment list."Clients who seek advice from financial advisers should be able to trust that the advice they receive will be in their best interest," said Deputy Chairwoman Sarah Court. "Failing to manage conflicts has the potential to cause consumers to be given financial product advice that may not suit their needs."Hidden Incentives and ConflictsASIC found MWL had undisclosed bonus arrangements with financial advisers who recommended Shield to clients. The firm also failed to tell clients about its relationships with lead generators in some advice documents and financial services guides.The regulator determined Maikousis was not just responsible for establishing the advice project but was "the driving force behind it." He served on the investment committee that approved Shield and "did not have an adequate appreciation for a financial services business' fundamental obligations to its clients," according to ASIC.You may also like: Australian Watchdog Shuts Down 330 Fake Celebrity Investment Scam Sites This YearLegal Challenge LaunchedMWL and Maikousis immediately challenged ASIC's decision. SLF Lawyers filed an application with the Administrative Review Tribunal seeking an urgent review and stay of the ban.Senior Partner John Gdanski called ASIC's decision "wrong" and said the ban was unusual for someone with "35 years with an unblemished record.""While the review into my client's ban is underway, ASIC should focus their powers on ensuring the major institutions along with those trustees and research houses involved in this Shield fiasco that misled financial advisors be held accountable," Gdanski said in an emailed statement to FinanceMagnates.comThe legal team is seeking an immediate stay of ASIC's order that prevents Maikousis from working in financial servicesCompliance Manager Also BannedYesterday (Wednesday), ASIC also banned Robert John Tohill, MWL's compliance manager and responsible manager, for five years. Tohill was involved in approving template advice documents containing false information about Shield's performance and failed in his oversight duties.The enforcement actions are part of ASIC's broader investigation into Shield, which has attracted more than $480 million from at least 5,800 consumers since February 2022. Most investors accessed the fund through superannuation platforms managed by Macquarie Investment Management and Equity Trustees Superannuation.Wider Investigation ContinuesASIC previously banned four other MWL financial advisers connected to Shield advice and halted new investments in the fund in February 2024. The regulator secured a court order in June 2024 to freeze Shield's assets while investigations continue.The agency is examining multiple parties connected to Shield, including Keystone Asset Management (the fund's responsible entity, now in liquidation), superannuation trustees, other financial advisers, and lead generators who referred clients.In August, ASIC launched civil proceedings against Equity Trustees, alleging the superannuation trustee failed in its due diligence responsibilities regarding Shield.Client Protection MeasuresMWL must remain a member of the Australian Financial Complaints Authority until August 25, 2026, giving affected clients time to lodge complaints. The firm must also maintain professional indemnity insurance during this period.Both MWL and Maikousis can appeal ASIC's decisions to the Administrative Review Tribunal. The bans will appear on ASIC's public registers.ASIC advises anyone who received advice from MWL and has concerns to contact the Australian Financial Complaints Authority by calling or filing a complaint online. The service is free for consumers.(Updated at 10:10 AM CEST on August 28, 2025 to include statement from SLF Lawyers representing MWL Financial Group and Nicholas Maikousis) This article was written by Damian Chmiel at www.financemagnates.com.

The environment for brokers is more demanding than ever. Your clients expect flawless execution and diverse asset options. Regulators impose complex reporting requirements. All the while, intense competition puts constant pressure on your margins. The strategies that built your business may not be sufficient to secure its future. To grow, you need to operate smarter, scale faster, and find a long-term competitive advantage.Recognising these difficulties, the institutional liquidity and technology provider X Open Hub has released a strategic whitepaper. The document examines the most significant challenges brokers will face in 2025 and offers a clear playbook on how to address them. It is a guide for turning pressure points into growth opportunities through robust infrastructure, intelligent automation, and innovative liquidity partnerships.Confronting a shrinking profit landscapeYour firm's profitability is affected by multiple vectors. Margins are tightening across the industry, forcing you to find new ways to maintain healthy margins. Relying on a limited range of products is no longer a viable long-term strategy. To thrive, you must expand your offerings and give clients more reasons to trade with you. This requires access to deep, multi-asset liquidity that allows you to introduce new instruments without creating operational bottlenecks.X Open Hub offers institutional-grade liquidity across more than 5,000 instruments. This includes Forex, indices, commodities, shares, ETFs, and cryptocurrencies. By connecting to a single, deep liquidity pool, you can broaden your product suite. This allows you to attract a broader client base and build new revenue streams, moving your business beyond a dependence on spread-based income alone.Mastering regulatory demands with confidenceThe weight of regulation continues to grow. Reporting standards like EMIR and MiFIR demand accuracy, promptness, and transparency. For many brokers, meeting these obligations requires significant manual effort and dedicated resources, pulling focus from core business activities. Developing and maintaining an in-house system that keeps pace with changing rules is a costly and complex undertaking.The right technology partner removes this burden. X Open Hub provides a compliance-ready infrastructure designed to meet the standards of Tier-1 regulators. The platform features advanced, API-based technology and customised reporting tools. These systems automate data collection and formatting, helping you satisfy your regulatory duties efficiently and accurately. You can operate with confidence, knowing your reporting framework is built on a solid foundation. This frees your team to concentrate on serving clients and growing the business.Building an Infrastructure for ScalabilityGrowth is the goal, but your existing technology might be holding you back. Systems that cannot handle increased trading volumes or a larger client base will eventually fail, damaging your reputation and putting a ceiling on your success. True scalability means expanding your operations without sacrificing stability or control. It requires an infrastructure built from the ground up for high performance and reliability.This is where a robust technological framework becomes essential. X Open Hub enables brokers to scale their operations with a strong infrastructure designed for growth. The platform is engineered to manage high-frequency trading and large order flows without performance degradation. Whether you are expanding into new regions or onboarding a large number of clients, the technology provides a stable backbone for your business. This allows you to pursue growth aggressively, secure in the knowledge that your systems can support your ambitions.Uncompromised execution qualityIn a competitive market, clients have high expectations. Poor execution quality, demonstrated by slow fills or high slippage, will quickly drive them to your competitors. Delivering fast, reliable execution is fundamental to building and maintaining client trust. This depends entirely on the quality and depth of your liquidity sources. Shallow liquidity pools lead to wider spreads and inconsistent pricing, especially during volatile market conditions.To secure client loyalty, you must provide superior execution. X Open Hub’s deep, institutional-grade liquidity ensures consistent and reliable order fills. By connecting to a broad network of liquidity providers through a single integration, you gain access to tight pricing and reduce the risk of slippage. This consistent performance builds credibility with your clients and strengthens your brand's reputation for quality and reliability.Automating complexity in operationsManual processes are a drag on growth. They introduce the risk of human error, slow down critical functions like client onboarding, and make it difficult to get a clear view of your business. When data is siloed across different systems, you lack the visibility needed to make informed strategic decisions. Effective automation solves these problems by creating seamless workflows and unifying your operational data.X Open Hub’s solutions are designed to automate key operational challenges. The advanced, API-based technology streamlines everything from client onboarding to risk management. Customised reporting gives you clear, consolidated visibility across your entire operation, from trading activity to client profitability. By automating these functions, you increase efficiency, reduce operational risks, and unlock the data you need to manage your business effectively.The partner for growthNavigating the modern market requires more than just technology. It requires a strategic partner dedicated to your success. With a presence in over 25 countries, X Open Hub has a global perspective on the challenges and opportunities facing brokers. The firm’s expertise is demonstrated by its recognition as the Best B2B Liquidity Provider at the UF Awards Global 2025. This is a testament to its commitment to providing superior liquidity and technology solutions.The challenges facing brokers today are significant, but they are not insurmountable. With the right strategy and the right partner, you can overcome margin pressure, regulatory complexity, and operational hurdles. You can build a resilient, scalable business prepared for the future.Download the full X Open Hub white paper to discover the eight biggest challenges brokers face in 2025, and how to turn them into growth opportunities. This article was written by FM Contributors at www.financemagnates.com.

FYNXT, a leading global fintech solutions provider for the FX/CFD industry, has officially relaunched its advanced Contest Manager. This marks a significant step forward in empowering brokers and Introducing Brokers (IBs) with a fully integrated, results-driven platform designed to transform trading contests into high-performance acquisition, engagement, and retention channels.The Only MT4/MT5 Contest Platform Brokers NeedThe FYNXT Contest Manager is built to deliver high-impact MT4 and MT5 contests that convert interest into trading activity. Brokers can run fully branded competitions for both real-money and virtual-fund accounts across multiple regions, and even host tournaments between top performers from different locations for global exposure.Every participant is verified via two-factor authentication (Email + SMS OTP), ensuring only genuine, high-quality leads enter the pipeline. Brokers can also extend this capability to IBs, enabling them to attract qualified leads, strengthen engagement, and expand the IB network.Contests Aren’t New — But the Smart Brokers Are Using Them BetterIn a market where acquisition costs are climbing, brokers often rely on costly digital ads, affiliate campaigns, or expos. Yet, trading contests remain one of the most underleveraged tools for both lead generation and trader engagement.FYNXT’s Contest Manager takes this proven concept and turns it into a scalable growth engine with automated leaderboards, dashboards, and analytics — ensuring every contest delivers measurable business outcomes.Proven Impact: What Global Brokers AchievedSingapore-based Broker30-day contest generated 1,700+ new leadsReactivated 1,000+ dormant clientsOpened 500+ funded live accountsAustralia-based BrokerAchieved 20% lower cost to acquire clients [CPA]Recorded 2x increase in trading activityAdded over USD 3 billion in volume during a single campaignThese results underscore the Contest Manager’s ability to reduce acquisition costs, increase client activity, and drive substantial trading volumes.Why FYNXT Works for Smart Brokers· Qualified, verified leadsEvery participant is verified via email and SMS OTP. Your sales team spends time converting real prospects, not filtering out fake entries.· Lower cost to acquire clientsDirect lead capture and built-in referral tools reduce reliance on expensive ads, helping you get more clients for the same budget.· More funded accounts and trading volumeReal-fund contests encourage deposits and active trading. Reward structures motivate traders to trade more often.· Reactivation of dormant accountsSpecial contests with targeted rewards bring inactive clients back into the market.· Stronger brand presenceCountry-specific contests and regional championships boost your visibility and reputation in competitive markets.· Expand your IB networkGive IBs their own contest tools so they can generate and qualify leads for you, while you keep ownership of all data.· Year-round engagementRun unlimited contests at the same time, tailored to different regions, trader levels, or product categories.· Time and cost savingsAutomated registration, leaderboards, and reporting save your team hours of manual work.· Promote other products inside contestsUse banners and in-contest messages to market deposits, new instruments, or promotions without disrupting the experience.· Insights you can act onLive dashboards show you exactly how many leads, activations, and trades each contest generates, so you can focus investment where it works.· Built-in security and complianceTwo-factor authentication, audit logs, and region-specific rules help you meet your policies and regulatory standards.A Word from Our CEO “Contests have always been powerful, but execution is what determines success,” said Aeby Samuel, CEO and Founder of FYNXT. “With this relaunch, we are giving brokers and IBs a complete contest management ecosystem that attract new clients, reduces acquisition costs, and strengthens long-term client relationships. It is about transforming contests into a consistent and scalable revenue engine.”Getting Started at Just $500Launching a new contest initiative doesn’t have to be a big investment. With just USD 500, brokers can run a fully branded contest to experience the FYNXT Contest Manager first-hand. This allows brokers to experience the platform’s capabilities, measure impact, and scale to complete contest manager as results grow. When you’re ready, it’s easy to expand to more locations and experience the full potential of the platform.About FYNXTFYNXT is a Singapore-based fintech company delivering modular, enterprise-grade technology for FX/CFD brokers worldwide. Its solutions include CRM, Client Portals, IB Manager, PAMM, CopyTrading, and Contest Manager — each designed to enhance operational efficiency, client engagement, and business growth.For more information, visit www.fynxt.com or contact sales@fynxt.com. This article was written by FM Contributors at www.financemagnates.com.

Marex Group has begun offering international clients access to China Internationalized Futures Contracts, expanding its presence in the Asia-Pacific derivatives market.The company said clients can now trade and clear 24 futures and options products listed on the Shanghai International Energy Exchange (INE), the Dalian Commodity Exchange (DCE), and the Zhengzhou Commodity Exchange (ZCE). The contracts cover commodities such as energy, metals, agriculture, and freight.CSRC Approval Opens AccessThe new offering follows Marex’s approval by the China Securities Regulatory Commission (CSRC) to operate as an Overseas Intermediary. The approval allows the firm to provide overseas investors with direct connectivity to Chinese exchange-traded derivatives.“We continue to look for new ways to connect our global clients to Asian markets, providing them with new options to manage their risk,” Marex Asia Pacific Chief Executive Officer Arthur Fan said.“This access is further evidence of our commitment to invest both in Asia and in our product offering, even during uncertain times in global markets.”Read more: easyMarkets Moves Chief Marketing Officer Garen Meserlian Into Chief Operating Officer RoleMarex said the move responds to growing demand from corporates and exporters seeking to manage long-term risk exposure and improve price discovery in Chinese domestic commodities. The launch comes shortly after Marex opened a new office in Hong Kong earlier this year, which is part of a broader push to expand in the region.China’s Derivatives Market ShareInternational trading of Chinese futures contracts has been possible since 2018. According to the Futures Industry Association, Chinese commodity exchange-traded derivatives accounted for more than half of all global commodity contracts traded in the first five months of 2025.Marex said the new connectivity marks another milestone in its Asia strategy and supports its aim to broaden both geographic reach and client services.Last month, Marex announced plans to acquire Winterflood Securities from Close Brothers Group plc in a deal worth about £103.9 million in cash, including a £15 million premium. The transaction aims to strengthen Marex's position in the UK cash equities market and diversify revenue streams. Pending regulatory approval, the acquisition is expected to close early next year.Winterflood ranks among the top market counterparties by trading volume on the London Stock Exchange, holding an estimated 15% market share. Its strong presence in the UK equities market makes it a key player in daily trading activity.The firm serves over 400 institutional clients and relies on proprietary technology to deliver efficient execution and market-making services. This technology-driven approach has reinforced its reputation and sustained its competitive edge. This article was written by Jared Kirui at www.financemagnates.com.

Doo Group has confirmed that its office in Malaysia was recently inspected by local police. The company said the visit was part of a wider nationwide campaign targeting illegal call centres.Regarding the purpose of the inspection, the company said: “As part of a broader nationwide campaign against illegal call centres, Malaysian authorities recently conducted inspections at several business premises, including ours.”Company Highlights Compliance After Malaysia Office VisitAddressing concerns from clients and partners, Doo Group added: “We would like to reassure our clients, partners, and stakeholders that our operations remain fully compliant, and we are working transparently and constructively with the authorities by providing all the information required.”You may find it interesting at FinanceMagnates.com: Doo Prime Rebrands as D Prime with New Logo and Website.On its approach to governance, the company emphasized: “Compliance, integrity, and accountability are fundamental to the way we operate. We are confident that our strong governance standards will ensure this matter is clarified and resolved swiftly.”Authorities Target Alleged Fraud Call CentreFinanceMagnates.com reported yesterday (Tuesday) that Malaysian police conducted a raid on a commercial building in Bangsar South, targeting a call centre linked to alleged fraud and online gambling. Local report said officers searched multiple floors and detained over 100 individuals, transporting them to local stations for further investigation.Malaysian Authorities Investigate Online Investment SchemeEarlier, Malaysian authorities received multiple complaints regarding an offshore forex broker, with reported client losses exceeding USD 5.3 million since 2019. The broker allegedly offered monthly returns of 4–7% and promoted its services through online platforms.Several cases are under investigation, which could lead to legal penalties including fines or imprisonment. Authorities have also identified a clone platform offering similar investment schemes. Offshore regulators, including those in Cyprus and Hong Kong, have taken action over concerns related to management and licensing. This article was written by Tareq Sikder at www.financemagnates.com.

Garen Meserlian is the new Chief Operating Officer at the CFD broker easyMarkets, according to his LinkedIn post today (Wednesday). Meserlian is switching from the role of Chief Marketing Officer, having joined the company in 2023. According to his profile, he is an outsider in the CFD brokerage space, having previously worked as a Senior Marketing Director at Public Relations firm Action Global for more than seven years.Following Strong Client ActivityThe latest change in one of easyMarkets’ top leadership roles follows the company’s growth in activity. Last month, the broker reported a 34% year-on-year increase in client trading volumes for Q2 2025, driven by heightened market volatility and renewed momentum across asset classes. Gold, Nasdaq, and EURUSD retained their positions as the most traded instruments for the fourth consecutive quarter, while crypto markets rebounded after a subdued Q1, benefiting from speculative activity. Global indices also hit record highs on the back of strong earnings and retail participation, while the U.S. Dollar Index fell to a three-year low, stimulating activity in forex markets.Read more: easyMarkets Q2 2025: Trading Volumes Surge 34% as Crypto Rebounds and Dollar WeakensThe quarter also saw trading volumes and frequency rise across the broker’s proprietary platforms, aided by targeted enhancements that improved execution speed and confidence. This coincided with shifting market conditions that provided traders with both risks and opportunities, reinforcing engagement across multiple product lines.According to the company, geopolitical tensions in the Middle East further fueled safe-haven demand, particularly for gold, while speculation over a potential leadership change at the U.S. Federal Reserve added volatility to FX markets and weighed on the dollar.Other Recent Changes in the IndustryIn another recent executive move, Gareth Derbyshire was appointed Chief Strategy Officer. The hire comes as preparations continue for a planned launch of services in the United Kingdom next year, following the recent acquisition of a Financial Conduct Authority licence.Derbyshire brings around 25 years of compliance experience in the financial services sector, including a decade dedicated to the forex and contracts for differences industry. He has worked with several leading trading brands in London, establishing himself as a key figure in regulatory oversight and compliance leadership.His career in retail trading began in 2010 when he became Head of Compliance for the UK and Europe at CMC Markets. He later held the same position at Plus500’s UK unit and subsequently joined ETX Capital in 2015, serving as both Head of Compliance and MLRO. This article was written by Jared Kirui at www.financemagnates.com.

Vantir, a new proprietary trading firm founded by professional traders, today announced its official launch. The firm enters the market with a model designed to address long-standing concerns in the industry, including delayed payouts, hidden rules, and unclear operating practices.Vantir was established after its founders experienced first-hand the frustrations of payout delays and opaque policies at other firms. Their mission is to create a trading environment where reliability and fairness are the foundation.“The proprietary trading landscape has given many traders access to capital, but it has also been undermined by uncertainty and lack of transparency,” said Arsen Magomedov, Co-Founder of Vantir. “We know what it feels like to trade for months and not receive the promised payouts. Vantir is built on trust, transparency, and guaranteed payments. Our goal is to provide a platform traders can rely on with confidence.”Core Features of Vantir’s Model· 24-Hour Payout Guarantee: All profit withdrawals are processed within 24 hours. If a delay occurs, Vantir automatically adds a 20% bonus to the trader’s withdrawal.· Liquidity Reserve: Payouts are supported by Vantir’s internal liquidity reserve, ensuring reliability without dependence on external performance.· Scalable Capital Up to $3 Million: Traders who demonstrate consistent performance can scale their accounts through a structured plan, growing access to capital up to $3 million.· AI Trade Feedback System: Each trader receives a post-challenge report powered by AI, analyzing risk management, decision-making behavior, and psychological patterns, with the goal of supporting long-term growth.· Clear Rules and Transparency: All program rules are straightforward and publicly documented, with no mid-challenge changes or hidden conditions.· Community Engagement: Vantir founders host live Q&A sessions and maintain visible communication with traders to promote openness and accountability.“Trust is built through consistent, transparent action,” added Vantir Co-Founders. “Our payout guarantee is not just a policy, it is a commitment. By combining fast, reliable funding with tools like AI-driven feedback, we are enabling traders to focus fully on their edge in the market.”Launch PromotionTo mark its launch, Vantir is offering new users a 50% discount on their first challenge when they register via the website. In addition, promotional events and funded account giveaways will be hosted on Vantir’s official social channels.About VantirVantir (https://www.vantir.com/) is a proprietary trading firm committed to setting a higher standard of transparency and fairness in prop trading. The firm provides traders with guaranteed 24-hour payouts, a structured capital scaling plan up to $3 million, and an AI-powered feedback system to support continuous growth. With clear rules and active community engagement, Vantir aims to build lasting partnerships with traders worldwide. This article was written by FM Contributors at www.financemagnates.com.

Bitcoin’s recent price drop is seen as a healthy market reset, driven by seasonal trends and broader market weakness. Institutional demand is expected to support the next rally, while U.S. monetary policy could lead to a “Weimar Lite” decade, marked by currency weakness, rising inequality, and high asset prices. BTCUSD, after showing bearish pressure on the H1 chart, found intraday support and began moving upward. The 112K level has acted as resistance, causing a prior rejection. At the time of writing, the cryptocurrency has established support and is once again approaching the resistance level. can I use it as the openingBitcoin Correction Signals “Weimar Lite” RisksFinancial analyst John Pompiano has outlined his views on Bitcoin, U.S. monetary policy, and the long-term direction of the economy in a recent podcast interview. His analysis focused on the current correction in Bitcoin prices, expectations of Federal Reserve policy shifts, and what he described as a “Weimar Lite” decade for the United States.Bitcoin Price ResetBitcoin has fallen from its recent highs. Pompiano linked the decline to two forces. The first is seasonality. September has been the only month in which Bitcoin has consistently posted negative returns. The second is weakness across broader markets. The S&P 500 and other risk assets have also pulled back, which has pressured Bitcoin.You may find it interesting at FinanceMagnates.com: Bitcoin Bounces; Analyst Predicts BTC Could Reach $170K at Cycle Peak.He described the decline as a healthy reset. A constant upward move, he argued, would fuel leverage and create a sharper downturn later. This correction, in his view, clears excess leverage and builds a base for a future rally. He still projects Bitcoin could reach $150,000 in the current cycle.Institutional Buying AheadPompiano expects corporate treasuries to play a key role in the next phase of Bitcoin’s rise. He said several companies have signaled intentions to allocate funds to Bitcoin. He believes this could add billions in new demand and attract broader media coverage.Federal Reserve PolicyTurning to monetary policy, Pompiano interpreted Federal Reserve Chair Jerome Powell’s Jackson Hole comments as a sign that rate cuts will begin in September. He said the central bank is under heavy pressure to ease policy.Pompiano disagreed with the Fed’s stated reasoning that the labor market is weakening. He argued that productivity gains from artificial intelligence and digital systems are not captured in traditional employment data. In his view, this makes the economy stronger than official statistics suggest.“Weimar Lite” OutlookFor the long term, Pompiano predicted a period he called “Weimar Lite.” He said rate cuts and continued monetary expansion will weaken the currency, widen wealth inequality, drive up asset prices, and make housing less affordable. While not expecting full hyperinflation, he warned of significant distortions across markets.Bitcoin as a HedgePompiano framed Bitcoin as a hedge in this scenario. With a fixed supply, he described it as the asset most responsive to global money supply growth. He believes this makes Bitcoin a key protection against currency debasement in the coming decade.If lower, this is the best support on Bitcoin.Most will probably get scared: https://t.co/ogEFY1qo9A pic.twitter.com/CTZZXLHSXp— BitcoinHyper (@BitcoinHypers) August 21, 2025Bitcoin Faces Bearish Pressure, Analysts WarnCrypto analyst BitcoinHyper outlined a potential bearish scenario for Bitcoin after a recent 10% drop and a brief rebound from daily support. Breaches of key weekly and horizontal supports signal a downtrend across 1-hour, 2-hour, and 4-hour charts. BitcoinHyper sees a possible short-term rally to around $119,000, which could trigger a short squeeze, followed by a deeper correction toward $108,000, while a more severe scenario could push prices near $18,000. Oversold indicators suggest a temporary rebound, but the overall trend remains negative, prompting cautious long positions with tight stop-losses and selling into strength.Separately, Ryan Lee, Chief Analyst at Bitget, expects Bitcoin to trade between $112,000 and $118,000 amid profit-taking and cautious sentiment. He noted that higher leverage in futures markets may increase volatility, while macroeconomic factors, including Federal Reserve decisions, could affect price direction. The market reflects a balance between rebound opportunities and potential further corrections. This article was written by Tareq Sikder at www.financemagnates.com.

FBS, a leading global broker, has published a new market analysis highlighting that the upcoming altseason will look very different from past cycles. Unlike the retail-driven chaos of 2021, today’s crypto market is heavier, more selective, and increasingly shaped by political and institutional forces.According to FBS analysts, liquidity is no longer flowing freely across the entire market. Instead, it is concentrating at the top — in tokens with both strong fundamentals and political leverage. By mid-2025, the top 10 altcoins already captured over 70% of the total altcoin market cap, compared to less than 50% in 2021.The turning point, analysts note, has been U.S. policy. Since returning to the White House, President Donald Trump has pushed through the most pro-crypto agenda in U.S. history. His administration’s executive order opening 401(k) retirement plans to digital assets, alongside new legislation and crypto-friendly regulators, has created a fast lane for institutional adoption.“Altseason 2025 won’t be defined by retail speculation. Political pipelines and institutional flows are shaping it,” FBS analysts explain. “The winners are likely to be projects with direct access to this liquidity, not random microcaps.”Among the tokens positioned to benefit are:· Solana (SOL), boosted by political ties, ETF narratives, and strong technical momentum.· Ondo (ONDO), a leader in tokenized real-world assets with backing from Coinbase, BlackRock, and regulatory alignment.· Sui (SUI) — recently added to WLFI’s strategic reserve, with backing from Trump-linked investors.· WLFI (World Liberty Financial) — a Trump-branded project preparing a publicly listed treasury vehicle, potentially opening the door to wider institutional access.· Dogecoin (DOGE), retaining cultural staying power with support from high-profile figures.The analysis stresses that while altseason is still ahead, traders should not expect “buy anything and it goes 100x” scenarios. Instead, liquidity will be directed toward a curated shortlist of politically connected and institutionally viable tokens.“Crypto is entering a new era,” FBS concludes. “Market cycles are increasingly shaped by institutions and policy, not just retail enthusiasm.”Disclaimer: This material does not constitute a call to trade, trading advice, or recommendation, and is intended for informational purposes only.About FBSFBS (https://fbs.com) is a global brand that unites several independent brokerage companies under the licenses of FSC (Belize), CySEC (Cyprus), and ASIC (Australia). With 16 years of experience and over 100 international awards, FBS is steadily developing as one of the market’s most trusted brokers. Today, FBS serves over 27,000,000 traders and more than 700,000 partners around the globe. This article was written by FM Contributors at www.financemagnates.com.

Tiger Brokers, the retail trading brand of UP Fintech Holding Limited (NASDAQ: TIGR), reported its unaudited financial results for the second quarter ended June 30, 2025. The company serves global investors.The company reported total revenue of US$138.7 million, up 59% year-over-year. Net income attributable to ordinary shareholders reached US$41.4 million, a significant increase from US$2.6 million in the same period last year. Non-GAAP net income was US$44.5 million.UP Fintech Adds 40,000 New Customers“In Q2, we delivered strong growth in both revenue and profit. Non-GAAP net profit surged eightfold YoY, hitting a record high. Remarkably, in just the first half of 2025, our operating profit, net income, and non-GAAP net income have already surpassed full-year 2024 levels, underscoring our solid profitability and operating leverage,” UP Fintech’s founder and CEO, Wu Tianhua, stated.During the quarter, UP Fintech added nearly 40,000 new customers with deposits, bringing the total to about 1.19 million, a 21% increase year-over-year. You may find it interesting at FinanceMagnates.com: UP Fintech's Customer Base with Deposits Surges 21% in 2024, Surpassing 1 Million Mark.Net asset inflows amounted to US$3 billion, primarily from retail investors, while total account balances reached US$52.1 billion, up 36% from the same quarter last year. The firm reported strong client asset growth in Hong Kong and Singapore, where average net asset inflows of new clients reached around US$30,000.Singapore Launches CPF and SRS TradingIn product updates, the company launched Central Provident Fund and Supplementary Retirement Scheme account trading in Singapore, allowing eligible clients to invest retirement funds in approved financial products with tax benefits.In its corporate segment, UP Fintech underwrote seven Hong Kong IPOs and four U.S. IPOs in the quarter, acting as sole bookrunner for two U.S. IPOs. The company’s ESOP business added 30 new clients, bringing the total served to 663. This article was written by Tareq Sikder at www.financemagnates.com.

The liquidators of Prospero Markets have distributed about AU$18.1 million to the clients of the now-shuttered contracts for differences (CFDs) broker. They also determined the total client claims to be AU$19.2 million.Customers Are Receiving Their ClaimsBRI Ferrier could not pay the entire amount in claims, as some Prospero clients did not provide proper bank details. The liquidators gave them until 15 October to provide the details and receive the claims in the next distribution in November 2025.“There remains approximately AU$1.1 million that has been withheld from clients with admitted entitlements,” the liquidators noted in a report to creditors published today (Wednesday). “If those clients do not provide bank account details, their funds will be paid to ASIC unclaimed monies at the end of the liquidation.”The three liquidators further revealed that they also rejected some client claims, mainly from offshore clients.A federal court in Australia ordered Prospero Markets' shutdown in April last year and appointed the liquidators to oversee the return of client funds.Read more: ASIC to Wind Up 95 Financial Services Firms: Multiple CFDs Brokers NamedA CFDs Broker and Money LaunderingProspero Markets obtained the AFS licence in late 2012, authorising it to offer over-the-counter derivatives and foreign exchange contracts to retail and wholesale clients. It offered services in Chinese in addition to English, indicating a significant proportion of Chinese-speaking clients, although none of the numbers are in the public domain.However, ASIC’s action against the broker came after an investigation that began in 2023. In October 2023, Australian police charged former officers and responsible managers of the brokerage with money laundering. These charges were linked to the Changjiang Currency Exchange money remitting chain, which was accused of laundering nearly AU$229 million over three years.In its investigation into the brokerage business, ASIC found a “broad range of concerns regarding the management of Prospero’s business.” The regulator highlighted potential breaches of the broker's licensing conditions and its obligations as an issuer of over-the-counter derivatives.While suspending Prospero’s licence in December 2023, the Australian regulator cited the broker's failure to submit annual financial statements and audit reports on time. ASIC finally cancelled the licence last year. This article was written by Arnab Shome at www.financemagnates.com.