The week introduced developments throughout retail buying and selling, dealer
earnings, fintech and digital belongings, with on-line status, profitability and
altering buying and selling behaviour among the many recurring themes.
Dealer operations additionally noticed a number of modifications, from iFOREX
revising its earnings outlook to AvaTrade closing its Polish department. On the
identical time, copy buying and selling continued to realize traction amongst retail shoppers, whereas
ETF choices and leveraged merchandise expanded their function in buying and selling exercise.
Elsewhere, the US Senate blocked the CLARITY Act, whereas
Revolut reopened dialogue round a possible London itemizing. The week additionally
featured a better take a look at NAGA’s return to profitability and its plans to make use of
AI throughout the enterprise.
Trustpilot has positioned formal client
warning banners on 21% of 100 retail dealer profiles reviewed by Finance
Magnates. The platform says such warnings can comply with suspected misuse,
together with fabricated critiques or selectively solicited suggestions. The difficulty can
work in both course, with companies accused of artificially bettering
rankings or being focused by adverse exercise.
A warning hides a dealer’s
TrustScore and restricts some account performance. Trustpilot says the
restrictions are reviewed periodically and usually stay for about six
months, relying on the severity of the case. The findings spotlight the function
assessment platforms proceed to play in how retail brokers handle their on-line
status and consumer suggestions.
NAGA Returns to Revenue After Restructuring
Octavian Patrascu, the CEO of NAGA
In an interview with Finance Magnates, NAGA CEO Octavian
Patrascu mentioned the
firm’s return to profitability following its merger with CAPEX.com. The
2023 reverse merger introduced virtually $20 million in new capital, with half used
for legacy loans and the rest for development.
The turnaround included reducing
underperforming enterprise models and altering NAGA’s geographic combine, with Europe,
the Center East and Latin America every accounting for roughly a 3rd. Latin
America’s contribution to group income rose from 5% to 22%.
Patrascu additionally
mentioned NAGA’s use of AI in advertising and marketing and buyer help, saying the
know-how had elevated advertising and marketing output whereas serving to resolve about 66% of
buyer enquiries. He mentioned AI would type a part of the corporate’s subsequent development
section.
iFOREX Cuts H1 EBITDA Estimate to $1.4 Million
Itai Sadeh, the CEO of the iForex Group
iFOREX minimize its first-half adjusted
EBITDA estimate to about $1.4 million from $2.4 million after reviewing its
interim accounts. The London-listed CFD dealer mentioned a better legal responsibility for
quantities owed to shoppers at June 30 created a associated non-cash expense. Income
and internet money on the finish of June had been unchanged from its earlier replace.
The corporate
maintained full-year adjusted EBITDA steerage of $0.5 million to $2.5 million,
saying the accounting impact had largely reversed after the interval ended. The
newest revision follows an earlier minimize in August, when iFOREX cited weaker July
buying and selling earnings. The dealer is because of publish its full interim outcomes on
September 24.
Copy Buying and selling Reaches Quarter of VARIANSE Shoppers
Yiota Hadjilouka, Chief Working Officer, at Spotware, Supply: LinkedIn
A couple of quarter of VARIANSE’s
cTrader shoppers now use the platform’s built-in copy buying and selling service,
based on the dealer. Three technique suppliers highlighted by VARIANSE
attracted between about $500,000 and $2 million in investor allocations.
One
technique handed 2,000 followers and reached about $2 million in allocations
inside three months, whereas one other attracted greater than 900 buyers and about
$500,000. A 3rd, semi-automated gold technique raised about $1.2 million from
high-net-worth buyers.
The instances present totally different routes into copy buying and selling,
together with public technique data, dealer accomplice networks and current
investor relationships. Traders can allocate capital to methods, cease
copying and set an fairness cease loss.
AvaTrade to Shut Polish Department
Patryk Schulmeister (Photograph: LinkedIn)
AvaTrade is closing its
Polish department virtually six years after opening the workplace in 2020. Patryk
Schulmeister, the dealer’s Managing Director for Polish operations, confirmed
the closure whereas saying his departure from the corporate.
He mentioned Polish
shoppers and companions would proceed to be supported via AvaTrade’s
worldwide operations, though he didn’t specify which entity would
present that help. The Polish workplace was opened to offer a localised
buying and selling expertise.
AvaTrade retains regulatory authorisations in Cyprus and
Eire, alongside licences in a number of different jurisdictions. The closure comes
because the dealer continues working throughout a number of markets and merchandise,
together with foreign exchange, CFDs and a futures platform launched in 2024.
Senate Blocks CLARITY Act Crypto Invoice
The US Senate did not advance the Digital Asset Market
Readability Act after
a September 15 cloture vote ended 50-49, under the 60 votes required. The
consequence successfully freezes the crypto market construction invoice for now. Senator
Elissa Slotkin opposed the measure, citing what she described as inadequate
ethics provisions, in addition to issues over enforcement, cash laundering and
nationwide safety.
🚨 BREAKING: The Senate simply BLOCKED development of the Trump and Scott Bessent-backed CLARITY ACT, landmark crypto regulatory framework regulation
That is cloture, so it wanted 60 VOTES.
The ultimate vote: 49-50
Even when it did cross the Senate after cloture, it nonetheless has to go… pic.twitter.com/RmhX4ZO2rj
— Eric Daugherty (@EricLDaugh) September 15, 2026
The Home handed the invoice in July 2025. It will divide
digital asset oversight between the SEC and CFTC, prolong Financial institution Secrecy Act
necessities to crypto intermediaries and construct on the stablecoin framework
established by the GENIUS Act. Trade representatives described the Senate
vote as a delay and mentioned current regulators may nonetheless present readability.
Revolut Considers Twin Nasdaq and London Itemizing
Revolut is contemplating a
twin itemizing on Nasdaq and the London Inventory Alternate, marking the primary
public affirmation that the UK-based fintech is analyzing each markets. CEO
Nik Storonsky mentioned the US remained his most well-liked market due to its larger
liquidity and bigger pool of institutional and particular person buyers.
His feedback
come regardless of earlier criticism of London’s market construction, together with its
liquidity and 0.5% tax on share purchases. The UK has since launched a
three-year exemption from the tax for qualifying new listings admitted from
November 2025. Revolut has not mentioned whether or not the change influenced its plans.
The corporate has beforehand mentioned an IPO wouldn’t happen earlier than 2028 and has
not disclosed which market would host the first itemizing.
General, 0DTE choices quantity is up 46.2% 12 months to this point to greater than 20 million contracts per day.
— Cboe (@Cboe) July 24, 2026
ETF Choices and Leveraged Merchandise Develop
ETF buying and selling continued to shift in direction of choices and leveraged
merchandise, with Cboe
knowledge exhibiting common each day ETF choices quantity greater than 31% increased 12 months on 12 months
within the first half of 2026 and simply over 35% increased via August.
The expansion
has concerned each retail and institutional buyers, whereas SPY accounted for
42% of ETF choices quantity. The marketplace for leveraged and inverse ETFs has additionally
expanded sharply, with the variety of US merchandise rising from 28 in 2023 to 486
in 2026.
These devices have change into a major retail buying and selling automobile,
whereas ETF choices permit buyers to precise views on volatility, safety,
earnings and short-term worth strikes with out buying and selling the underlying fund straight.
The week introduced developments throughout retail buying and selling, dealer
earnings, fintech and digital belongings, with on-line status, profitability and
altering buying and selling behaviour among the many recurring themes.
Dealer operations additionally noticed a number of modifications, from iFOREX
revising its earnings outlook to AvaTrade closing its Polish department. On the
identical time, copy buying and selling continued to realize traction amongst retail shoppers, whereas
ETF choices and leveraged merchandise expanded their function in buying and selling exercise.
Elsewhere, the US Senate blocked the CLARITY Act, whereas
Revolut reopened dialogue round a possible London itemizing. The week additionally
featured a better take a look at NAGA’s return to profitability and its plans to make use of
AI throughout the enterprise.
Trustpilot has positioned formal client
warning banners on 21% of 100 retail dealer profiles reviewed by Finance
Magnates. The platform says such warnings can comply with suspected misuse,
together with fabricated critiques or selectively solicited suggestions. The difficulty can
work in both course, with companies accused of artificially bettering
rankings or being focused by adverse exercise.
A warning hides a dealer’s
TrustScore and restricts some account performance. Trustpilot says the
restrictions are reviewed periodically and usually stay for about six
months, relying on the severity of the case. The findings spotlight the function
assessment platforms proceed to play in how retail brokers handle their on-line
status and consumer suggestions.
NAGA Returns to Revenue After Restructuring
Octavian Patrascu, the CEO of NAGA
In an interview with Finance Magnates, NAGA CEO Octavian
Patrascu mentioned the
firm’s return to profitability following its merger with CAPEX.com. The
2023 reverse merger introduced virtually $20 million in new capital, with half used
for legacy loans and the rest for development.
The turnaround included reducing
underperforming enterprise models and altering NAGA’s geographic combine, with Europe,
the Center East and Latin America every accounting for roughly a 3rd. Latin
America’s contribution to group income rose from 5% to 22%.
Patrascu additionally
mentioned NAGA’s use of AI in advertising and marketing and buyer help, saying the
know-how had elevated advertising and marketing output whereas serving to resolve about 66% of
buyer enquiries. He mentioned AI would type a part of the corporate’s subsequent development
section.
iFOREX Cuts H1 EBITDA Estimate to $1.4 Million
Itai Sadeh, the CEO of the iForex Group
iFOREX minimize its first-half adjusted
EBITDA estimate to about $1.4 million from $2.4 million after reviewing its
interim accounts. The London-listed CFD dealer mentioned a better legal responsibility for
quantities owed to shoppers at June 30 created a associated non-cash expense. Income
and internet money on the finish of June had been unchanged from its earlier replace.
The corporate
maintained full-year adjusted EBITDA steerage of $0.5 million to $2.5 million,
saying the accounting impact had largely reversed after the interval ended. The
newest revision follows an earlier minimize in August, when iFOREX cited weaker July
buying and selling earnings. The dealer is because of publish its full interim outcomes on
September 24.
Copy Buying and selling Reaches Quarter of VARIANSE Shoppers
Yiota Hadjilouka, Chief Working Officer, at Spotware, Supply: LinkedIn
A couple of quarter of VARIANSE’s
cTrader shoppers now use the platform’s built-in copy buying and selling service,
based on the dealer. Three technique suppliers highlighted by VARIANSE
attracted between about $500,000 and $2 million in investor allocations.
One
technique handed 2,000 followers and reached about $2 million in allocations
inside three months, whereas one other attracted greater than 900 buyers and about
$500,000. A 3rd, semi-automated gold technique raised about $1.2 million from
high-net-worth buyers.
The instances present totally different routes into copy buying and selling,
together with public technique data, dealer accomplice networks and current
investor relationships. Traders can allocate capital to methods, cease
copying and set an fairness cease loss.
AvaTrade to Shut Polish Department
Patryk Schulmeister (Photograph: LinkedIn)
AvaTrade is closing its
Polish department virtually six years after opening the workplace in 2020. Patryk
Schulmeister, the dealer’s Managing Director for Polish operations, confirmed
the closure whereas saying his departure from the corporate.
He mentioned Polish
shoppers and companions would proceed to be supported via AvaTrade’s
worldwide operations, though he didn’t specify which entity would
present that help. The Polish workplace was opened to offer a localised
buying and selling expertise.
AvaTrade retains regulatory authorisations in Cyprus and
Eire, alongside licences in a number of different jurisdictions. The closure comes
because the dealer continues working throughout a number of markets and merchandise,
together with foreign exchange, CFDs and a futures platform launched in 2024.
Senate Blocks CLARITY Act Crypto Invoice
The US Senate did not advance the Digital Asset Market
Readability Act after
a September 15 cloture vote ended 50-49, under the 60 votes required. The
consequence successfully freezes the crypto market construction invoice for now. Senator
Elissa Slotkin opposed the measure, citing what she described as inadequate
ethics provisions, in addition to issues over enforcement, cash laundering and
nationwide safety.
🚨 BREAKING: The Senate simply BLOCKED development of the Trump and Scott Bessent-backed CLARITY ACT, landmark crypto regulatory framework regulation
That is cloture, so it wanted 60 VOTES.
The ultimate vote: 49-50
Even when it did cross the Senate after cloture, it nonetheless has to go… pic.twitter.com/RmhX4ZO2rj
— Eric Daugherty (@EricLDaugh) September 15, 2026
The Home handed the invoice in July 2025. It will divide
digital asset oversight between the SEC and CFTC, prolong Financial institution Secrecy Act
necessities to crypto intermediaries and construct on the stablecoin framework
established by the GENIUS Act. Trade representatives described the Senate
vote as a delay and mentioned current regulators may nonetheless present readability.
Revolut Considers Twin Nasdaq and London Itemizing
Revolut is contemplating a
twin itemizing on Nasdaq and the London Inventory Alternate, marking the primary
public affirmation that the UK-based fintech is analyzing each markets. CEO
Nik Storonsky mentioned the US remained his most well-liked market due to its larger
liquidity and bigger pool of institutional and particular person buyers.
His feedback
come regardless of earlier criticism of London’s market construction, together with its
liquidity and 0.5% tax on share purchases. The UK has since launched a
three-year exemption from the tax for qualifying new listings admitted from
November 2025. Revolut has not mentioned whether or not the change influenced its plans.
The corporate has beforehand mentioned an IPO wouldn’t happen earlier than 2028 and has
not disclosed which market would host the first itemizing.
General, 0DTE choices quantity is up 46.2% 12 months to this point to greater than 20 million contracts per day.
— Cboe (@Cboe) July 24, 2026
ETF Choices and Leveraged Merchandise Develop
ETF buying and selling continued to shift in direction of choices and leveraged
merchandise, with Cboe
knowledge exhibiting common each day ETF choices quantity greater than 31% increased 12 months on 12 months
within the first half of 2026 and simply over 35% increased via August.
The expansion
has concerned each retail and institutional buyers, whereas SPY accounted for
42% of ETF choices quantity. The marketplace for leveraged and inverse ETFs has additionally
expanded sharply, with the variety of US merchandise rising from 28 in 2023 to 486
in 2026.
These devices have change into a major retail buying and selling automobile,
whereas ETF choices permit buyers to precise views on volatility, safety,
earnings and short-term worth strikes with out buying and selling the underlying fund straight.