On what was a relatively quiet, holiday-shortened week, there were still some interesting stories emerging in the online trading world.

Who is behind the launch of new Retail FX/CFDs broker Invaxa? And where is it based?

Which company did Robinhood buy as a platform to expand in the UK and Europe?

Who is ZuluTrade’s new CEO?

Which senior executive jumped from Global Prime to IG?

Which Retail FX broker is the latest recipient of a fine from Cyprus regulator CySEC?

Answers to these questions, and a whole lot more, appeared first or exclusively this past week at FNG. Some of the most read and commented-on FX industry news stories to appear over the past seven days on FNG included:

FNG Exclusive: Marios Antoniou launches offshore Retail FX broker Invaxa. FNG has learned that a new Retail FX/CFDs broker has launched, called Invaxa, at website invaxa.com. The new broker is being managed from Cyprus, and is headed by CEO Marios Antoniou. Mr. Antoniou was previously the Executive Director of CySEC licensed broker EverFX, which was recently rebranded to Axiance. He has also worked in senior dealing desk roles at TopFX and at IronFX. The Invaxa website offers trading via the MT5 platform, and is technically operated offshore by an entity called Limehouse Markets (Global) Limited, based in Seychelles.

Robinhood expands to UK and Europe via Ziglu acquisition. US based neobroker Robinhood, which had an earlier failed attempt at international expansion prior to its IPO last year, has set aggressive goals to start opening its crypto platform up to customers internationally. And so, the company said that it is excited to announce that Robinhood signed a deal to acquire Ziglu, a London-based electronic money institution and cryptoasset firm, subject to regulatory approvals and other customary closing conditions. No financial terms of the transaction were released.

FNG Exclusive: MT Proxy partners with Fortex on FX broker trading solutions. FNG has learned that FX broker connectivity solutions provider MT Proxy and trading platform developer Fortex have launched a global strategic partnership. MT Proxy – the creator of an innovative proxy server solution – will help forex brokers boost their connectivity and speed up trading for clients. While Fortex, their new strategic partner, will give forex brokers access to advanced trading platforms and market-leading liquidity solutions.

Andreas Iten’s fintech accelerator F10 raises round from Christian Frahm, other investors. FinTech and InsurTech accelerator F10, with hubs in Switzerland, Singapore, and Spain, has announced that it has secured a funding round in the mid single-digit million (CHF) range, as well as management buy-in by the F10 executive leadership, to support expansion into new markets and strategic capabilities. This funding round is led by FiveT Fintech, with participation from Synpulse, Christian Frahm, Founder and CEO United Fintech, OnPoint, and further investors. In addition to external investors joining, the F10 executive leadership team commits to the future of the F10 by taking a stake in the company in form of a management buy-in, making F10 an independent and self-funded company. SIX, a founding partner of F10, will hold a minority stake.

Top FX industry executive moves reported at FNG this week included:

❑ Exclusive: IC Markets’ General Manager Andrew Taylor moves to ACY Securities.

❑ Exclusive: IG hires Jonty Rod from Global Prime for Institutional Sales in Australia.

❑ Finvasia Group names Tajinder Virk as Interim CEO of ZuluTrade.

❑ Saxo Markets appoints Ken Shih as Head of Wealth Management, Greater China.

❑ Capitolis announces key strategic hires and promotions in NY and Tel Aviv.