FX week in review: Capital Index acquired (and rebrands), results at Robinhood, ATFX, Hantec and NAGA
What is FCA licensed CFDs broker Capital Index rebranding to, after longtime owner Greg Secker sold the company?
What happened to shares of Robinhood, after the company reported record Revenues for the fourth quarter of 2025?
How did client trading volumes turn out at leading online brokers ATFX and Hantec Markets in Q4 2025?
How did NAGA do, in its first full year operating after the NAGA-CAPEX.com merger?
What senior executive moves were seen at Brokeree, GMI, Axi, smartTrade, XBO.com, and CMC Markets?
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
Exclusive: Capital Index acquired (and rebrands). FNG Exclusive… FNG has learned that London based, FCA licensed CFDs broker Capital Index has been sold by longtime controlling shareholder Greg Secker. The company is also in process of rebranding. How will Capital Index now be known? What did management have to say?
Robinhood shares shed (another) 9% on slow Crypto trading. Despite reporting record Revenues and operating income in Q4 2025, alongside an EPS “beat” of expectations on the bottom line, US based neobroker Robinhood Markets Inc (NASDAQ:HOOD) saw its shares decline by 9% on Wednesday after the company reported its latest results. This wasn’t a case of profit-taking after a sharp pre-results runup in Robinhood shares. Quite the opposite, actually.
ATFX posts Q4 2025 client trading volume of USD $817.4 billion. Leading online brokerage group ATFX closed out a strong 2025, reporting USD $817.4 billion in MT4/MT5 trading volume in Q4 (or $272 billion in average monthly trading volumes, up from $236 billion monthly in Q3), contributing to a total exceeding $3.17 trillion for 2025. The company said that this performance builds on strong trading activity in the first three quarters, reflecting ATFX’s expanding client base, diversified product offerings, and robust results across key asset classes including stocks, indices, precious metals, and currency pairs.
Hantec Markets trading volumes top $1 trillion in record Q4 2025. Retail FX and CFDs broker Hantec Markets has announced that it crossed the $1 trillion mark in trading volume during Q4 2025 — its first-ever trillion-dollar quarter, and the strongest quarter in the company’s history. The final quarter of the year delivered a notional volume of $1.013 trillion (or $338 billion in average monthly trading volumes), representing a 34% jump in trading volume from Q3 and powering an exceptional year of growth across product, distribution, and partnerships.
NAGA Group sees 3.5% increase in 2025 Revenue to €65.4 million. Online trading brokerage operator The NAGA Group AG (ETR:N4G0) has reported its financial results for 2025 – the company’s first full year operating after the NAGA-CAPEX.com merger – achieving strong top line results and maintaining profitability while integrating the two brands, all in a fairly challenging market environment.
Top FX industry executive moves this week

❑ Exclusive: Anton Sokolov rejoins Brokeree as Head of Product.
❑ Exclusive: GMI ops head George Kostidis departs.
❑ Exclusive: Axi brand and sponsorship head Hannah Hill departs.
❑ smartTrade adds LSEG alum Tom Luker as Head of Corporate Development.
❑ Exclusive: Shlomi Dubish moves from XM to XBO.com for Creative Director role.
❑ CMC Markets hires Andreas Lipkow as market analyst in Germany.
