In one of the busiest news weeks of the year in the FX and CFDs sector, we saw multiple acquisitions, a variety of C-Suite management moves, and quite a lot more.
Who bought CySEC licensed CFDs broker Skilling?
Which new market is Australia based Retail FX and CFDs broker Mitrade entering, acquiring a licensed broker?
How is Webull expanding its UK footprint?
Who did leading Australia based online broker Pepperstone bring on board as its new CMO?
Who is IG Group’s new CTO?
Some of the most read and commented-on FX/CFD industry news stories to appear over the past seven days on FNG included:
Top FX and CFDs industry news stories this week
INFINOX ownership group acquires CFDs broker Skilling. An investor group led by Marc Joppeck, which also owns global trading brand INFINOX, has announced the acquisition of CySEC licensed CFDs broker Skilling.com, subject to final regulatory approval. Skilling was founded in 2016 and was controlled (until now) by former Betsafe CEO André Lavold. The company has been managed mainly from Cyprus, led by CEO George Kyriakoudes.
Mitrade gains South Africa FSCA license acquiring Frida Asset Managers. Australia based, Far East focused Retail FX and CFDs broker Mitrade has announced that it has acquired Fridah Asset Managers Pty Ltd, a licensed Financial Services Provider (FSP) regulated by South Africa’s Financial Sector Conduct Authority (FSCA).
Webull UK expands with local shares and tiered accounts. After recently kicking off its EU efforts with a new Europe HQ in Amsterdam, neobroker Webull Corp (NASDAQ:BULL) has announced that it is expanding its offering for UK clients, with new account types and access to UK shares and ETFs. Webull UK, an FCA authorised investment platform, is launching two account tiers designed to meet the needs of both casual and active traders
Institutional FX trading volumes rise 8% in September 2025, FXSpotStream sets record. Following a fairly slow summer trading season, FX traders got back to work in September, with institutional trading volumes rising by an average of 8% MoM. Each of FXSpotStream, Cboe FX and 360T saw increases of between 7-18% in trading activity during September – including record trading levels at FXSpotStream – while EuronextFX reported a slight 1% decline.
Top FX industry executive moves this week
❑ Pepperstone hires Geraldine Goh as CMO.
❑ IG Group hires Vemi Money / Ziglu alum David Perry as CTO.
❑ B2Prime hires iSAM sales execs James Wale and Aaron Brown.
❑ Exclusive: Integral hires Valon Sermaxhaj as VP Sales Australia.
❑ Exclusive: DB Investing hires Reno Mindemann as Head of Growth.
❑ Exclusive: ThinkMarkets hires Yazan Taha to head MENA/GCC marketing.
❑ Admirals Group shuffles Board and Management roles.
❑ Omar Al-Janabi joins offshore CFDs broker Monaxa as CEO MENA.
