The recent developments in the retail Forex and CFD market highlight significant moves among several leading companies within the industry. One notable update involves a well-known US neobroker, which has recently appointed a new Senior Executive Officer for its impending MENA operations in Dubai. This company is actively seeking a license from the Dubai Financial Services Authority (DFSA) to establish its presence in the region.
Meanwhile, Ultima Markets, an offshore broker based in Mauritius, has expanded its reach by acquiring a Forex and CFDs brokerage that holds a license from the Financial Conduct Authority (FCA) in the UK. This transition signals Ultima Markets’ ambitions to extend their services into the UK retail trading market, which is expected to unfold in the coming years.
eToro, another prominent online broker, experienced a downturn as its shares dipped below the IPO price following the release of its Q2 results. This marked a significant moment for the company since it had only recently been public, highlighting the fluctuations in investor confidence.
Furthermore, Doo Group’s offshore brokerage segment has undergone a rebranding and will now be known as D Prime. This change is part of a strategic effort to reshape its engagement with clients and strengthen its position within the competitive fintech landscape.
In terms of executive movements within the industry, Equiti Group has promoted Sartaj Singh to Chief Technology Officer, following notable changes in the CFO and Head of Risk management positions. Other appointments include Ali Afzaal, who will lead business development for MENA and South Asia at PU Prime, and Professor Trevor Williams, who has been brought on as a consultant economist by ATFX Connect.
The latest financial reports from Swissquote also demonstrated impressive performance, achieving record revenues and profits in the first half of 2025. The growth in crypto asset income has made a significant contribution, reflecting the expanding market for digital currencies.
Amid these shifts, the Forex and CFDs industry continues to evolve, with firms adapting to market demands and regulatory environments. The recent moves underscore the dynamic nature of this sector and the ongoing competition among brokers to capture market share and innovate in their offerings.