Forex Policy, Dubai (2025)

14/08/2025

IG Group CEO Breon Corcoran earned £3.35 million ($4.46M) in FY25, making him the second-highest-paid executive among publicly listed CFD brokers — behind Plus500’s David Zruia, who took home $4.97M.

While CMC Markets’ Lord Peter Cruddas reported a much lower salary at £1.1M, his 60% ownership stake delivered £14.5M ($19.68M) in dividends last year. Corcoran’s pay package included £896K in fixed salary and £2.45M in bonuses, highlighting the growing role of performance-based compensation in the sector.

Among the three London-listed CFD firms, IG leads in revenue at £1.07B ($1.39B), surpassing Plus500’s $768.3M and CMC’s £340.1M ($438.7M). With base salaries for IG’s top leadership set to rise by 3% in FY26, London remains home to some of the highest-paid executives in the CFD industry.

14/08/2025

Beeks Financial Cloud has unveiled Market Edge Intelligence, a cutting-edge AI and machine learning platform designed to monitor market and infrastructure data in real time. Operating directly within colocation facilities and trading environments, the system transforms raw data into actionable insights instantly.

From detecting hidden anomalies and predicting disruptions to identifying trading opportunities invisible to traditional tools, this innovation promises faster responses, reduced operational risk, and optimized ex*****on. With integrated live and historical data, the platform also accounts for trading calendars, market events, and even weather conditions that can impact market activity.

This launch follows a strong first half of fiscal 2025 for Beeks, with revenues up 22% and the company’s first cryptocurrency exchange partnership with Kraken—marking its expansion into the digital assets market.

📩 For inquiries, contact us at: [email protected]

13/08/2025

Banco Santander is accelerating its transformation into an “AI-native” bank through a major deal with OpenAI, rolling out ChatGPT Enterprise to tens of thousands of employees.

In just two months, 15,000 staff across Europe and the Americas have adopted the tool, with plans to expand to 30,000 by year-end—streamlining operations, enhancing customer experiences, and embedding AI into core functions like product management, credit, marketing, and customer service.

AI initiatives already saved €200M in 2024, with AI copilots assisting in 40% of contact-centre interactions and speech analytics processing over 10M calls annually, freeing up more than 100,000 hours for high-value work.

The bank emphasises data governance, stating no customer data will be used to train external models, and is preparing a mandatory AI training plan for all employees by 2026.

This move reflects a growing trend in banking toward generative AI integration, with rivals like BBVA making similar investments to boost productivity and customer engagement.

📩 For inquiries, contact us at: [email protected]

13/08/2025

Visa has invested in HoneyCoin, a payments orchestration startup, as part of a $4.5M seed round aimed at expanding stablecoin on- and off-ramps. Led by Flourish Ventures with backing from TLcom Capital, Stellar Development Foundation, and others, the funding will fuel HoneyCoin’s mission to deliver compliant, real-time settlement via both stablecoins and traditional banking rails across 45+ markets.

Founded in 2020, HoneyCoin processes over $150M in monthly transactions, serving 350+ enterprise clients and hundreds of thousands of consumers. Its API-driven platform allows businesses to collect payments, settle instantly, and launch bank accounts, debit cards, or wallets globally.

For Visa, this marks another step in advancing programmable settlement and stablecoin integration—building financial infrastructure that bridges traditional and digital systems, especially in emerging markets.

13/08/2025

Surmount has rolled out a series of AI-powered platform upgrades to meet the growing demand from retail investors embracing automation in portfolio management.

The latest enhancements feature faster backtesting, expanded alternative data including sentiment analysis from news and social media, and upgraded automation rules for dynamic portfolio rebalancing. These updates are designed to give retail investors institutional-grade tools—without the complexity—through a no-code, low-code, and full-code framework.

With AI adoption in retail investing on the rise, Surmount continues to expand its strategy library, integrate new data sources, and provide educational resources to help investors effectively harness AI in their trading.

13/08/2025

Bayern Munich star Luis Díaz has officially teamed up with offshore FX and CFD broker Weltrade as the face of its new marketing campaign, "Faster, Better, Stronger."

The partnership targets Asian retail traders through Weltrade’s Singaporean subsidiary, emphasizing speed, precision, and resilience — qualities shared by both professional football and currency trading.

With over 100,000 traders worldwide, Weltrade is aiming to strengthen its foothold in Asia, and Díaz’s global popularity is set to bring a powerful boost to their brand presence.

CEO Ilya Ilyasov called the collaboration “a new era of dynamic engagement” for the company’s Asian growth strategy.

13/08/2025

Plus500 is setting its sights on Chile as part of its Americas expansion strategy. The Israel-headquartered broker has already established a local entity and is now seeking a licence to operate in the South American country.

This move follows recent milestones, including a Canadian licence for OTC instruments and earlier expansions in the UAE, Japan, and India. Latin America is emerging as a hotspot for CFD brokers, with Chile becoming a strategic gateway into the region.

13/08/2025

Equiti Group has elevated Sartaj Singh to Chief Technology Officer, following his impactful tenure as Global Head of Technology since 2023.

Sartaj has been at the forefront of Equiti’s tech transformation, driving innovations such as a globally scalable platform-as-a-service, AI-powered client ecosystems, and smart, event-driven systems.

His leadership continues to strengthen Equiti’s commitment to scalability, resilience, and speed, marking a new chapter in the company’s growth.

13/08/2025

Westpac has officially appointed Carolyn McCann as its new Chief Executive, Consumer, effective immediately.

With nearly three decades of corporate experience — including leadership in banking, insurance, and customer services — McCann has been instrumental in driving operational excellence, strengthening scam prevention, and improving customer experience during her tenure at Westpac.

Having served as Acting Chief Executive since May 2025, McCann will now lead the Consumer division, overseeing retail banking operations nationwide. Her proven track record in reducing mortgage decision times, cutting scam losses by 40%, and transforming complaint-handling processes has positioned her as a dynamic leader for Westpac’s next chapter.

13/08/2025

Airwallex has taken a major step in its European expansion by securing a Dutch MiFID licence from the AFM, paving the way for the launch of its Yield product in the Netherlands. This move allows the fintech to offer money market fund investments to European SMEs, providing multi-currency options in EUR, GBP, and USD — all without lock-up periods.

The integration into the Airwallex platform will let businesses move funds seamlessly between cash and investments, maximising returns while keeping full flexibility.

This milestone follows successful launches in Australia, Hong Kong, and Singapore, and comes as Airwallex strengthens its European presence with new hires and strategic partnerships — including a high-profile deal with Arsenal Football Club.

13/08/2025

A federal court in New York has ordered Daniel Winston LaMarco to pay over $3.4 million in penalties for operating a Ponzi-style forex scheme, concluding a legal battle that spanned seven years.

The ruling by Judge Diane Gujarati includes $862,600 in restitution to victims and a $2,587,800 civil penalty, alongside a permanent ban from commodity-related activities. LaMarco, who raised nearly $1.5 million under false pretenses, misappropriated funds and fabricated profits, impacting friends and acquaintances who invested in his scheme.

The CFTC emphasized its ongoing commitment to investor protection, warning that victims may not recover funds if the defendant lacks assets.

📩 For inquiries, contact us at: [email protected]

12/08/2025

Argo Blockchain plc (LON:ARB) has announced the resignation of Raghav Chopra from its Board of Directors, effective 6 August 2025.

The company expressed gratitude for Mr. Chopra’s service and contributions, wishing him success in his future endeavors.

With over 15 years of experience in digital assets and technology investing, Mr. Chopra’s career spans roles such as Portfolio Manager at AllianceBernstein LP and senior investment positions at leading hedge funds. His professional journey also includes private equity at The Carlyle Group and investment banking at Goldman Sachs.

An alumnus of Yale University and Harvard Business School, Mr. Chopra continues to serve on the Board of the Harvard Club of New York City Foundation and is a member of the Economic Club of New York.

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