Industry
What's Hot 🌶️
Big moves, new broker tech, regulation and anything else shaking up the FX industry, with a link to every original source.
HFM opens gold trading 24/7, weekends included
Gold now trades round the clock with spreads from 0.06, and stop-losses and take-profits keep working over weekends. HFM also cut crypto spreads by up to 35%.
Source: investingLive ↗Rand slips to R16.68 ahead of a big fuel-price hike
The rand eased 0.2% against the dollar as traders waited for September PMI data and an expected petrol increase of about R3.29 a litre, which analysts warn will add inflation pressure.
Source: CNBC Africa ↗Pepperstone says volumes are up 30% this year
CEO Tamas Szabo reported 30%+ volume growth and double-digit gains in new clients and revenue for July–September, days after rival IG's shares tumbled.
Source: FX News Group ↗IG Group shares crash 22% after weak quarter
Q3 revenue fell about 14% to roughly £240m and full-year guidance was cut, dragging Plus500, CMC Markets and XTB lower with it.
Source: FX News Group ↗Lagos Finance Summit to debate Nigeria's first forex licensing rules
The 14–16 October summit at Landmark Event Centre will host a Regulation Forum on 15 October to draft an industry response to the SEC's proposed online-trading rules.
Source: Nairametrics ↗Kenya's CMA flags 15 unlicensed trading platforms
The regulator named 15 entities soliciting Kenyans without a licence and is investigating with the DCI. Check the CMA licensee register before you deposit.
Source: Streamline Feed ↗Nigeria's SEC proposes tough new forex & CFD rules
Draft rules set capital of ₦3bn for market makers, ₦2bn for STP/ECN brokers and ₦5bn for platforms, cap retail leverage at 1:400 on majors and 1:2 on crypto, and require negative-balance protection.
Source: Legit.ng ↗Capital.com wins FSCA licences in South Africa
The broker received approval as an over-the-counter derivatives provider and a Category 1 FSP, letting it serve South Africans locally.
Source: FX News Group ↗FSCA warns against 'Fast Profit Income'
The scheme promised returns of up to 200% on crypto and forex. The FSCA says it isn't authorised and that promises like that should be treated with great suspicion.
Source: Business Report ↗Deriv expands mobile money to eight African markets
A partnership with pawaPay connects Deriv to major mobile-money operators, cutting failed deposits, with more markets planned.
Source: TechAfrica News ↗