What is UAE based CFDs broker APM Capital, which last year acquired BUX UK, now known as after a major rebranding?

Which B2B firm launched an Event Contracts solution for brokers?

How is Eightcap getting back into the prop trading space, after once being one of the most active CFDs brokers working with prop firms?

Who are the three new Board members at CFI, which includes the former CEO of ActivTrades and of Swissquote UK?

What is Scandinavian Capital Markets Partner Michael Buchbinder doing now, after leaving his longtime position at the CFDs broker?

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: CFDs broker APM Capital rebranding as Lunaro. FNG Exclusive… FNG has learned that UAE based CFDs broker APM Capital Markets is rebranding as Lunaro, at website lunaro.com. APM Capital was founded in 2021 as a UAE based CFDs broker by Indian entrepreneur Disha Rajdev, and brought on board former StoneX Europe head Nick Spencer-Skeen as its Senior Executive Officer the following year.

Devexperts launches Event Based Trading offering. Leading capital markets industry software developer Devexperts has announced the launch of its new event based trading model. The solution sees Devexperts support those looking to enter the event based trading market with its enterprise proposition for the development of a bespoke event based trading platform, based on clients’ specific needs. Event Contracts are becoming increasingly popular among retail traders as a way to trade non-financial events such as sports contests or political events.

Eightcap relaunches Prop Trading focusing on short term Challenges. Australia based Retail FX and CFDs broker Eightcap has announced that it is back in the prop space, with a new product built specifically with day traders in mind. The broker has launched Day Trader Challenges, a new way for traders to experience fast and customisable prop trading challenges. Eightcap was originally one of the most active CFDs brokers in servicing prop trading firms, but pulled back from the prop trading area early last year.

Cloudflare outage affecting CFDs industry brokers and websites. Much of the online world has been put on hold due to a global outage linked to Cloudflare, which protects much of the Internet. Cloudflare has said that the outage is linked to an unusual spike in traffic just prior to the outage. A number of CFD broker websites seem to be down, at least for users in many regions, as well as some popular FX and CFD industry user websites such as Forex Factory, as per the graphic above when visiting forexfactory.com.

What Platforms Are Brokers Using in 2025? In 2025, Brokeree Solutions conducted a broad analysis of 1200+ global brokerage firms to better understand the trading platform landscape. Following data validation, over 900 firms were retained in the final analysis. Based on publicly available data, the study focused on identifying which platforms brokers offer to their clients and insights into how brokers are approaching platform diversification. This article presents part of the findings, highlighting notable patterns in platform distribution and broker preferences.

Kraken files for an IPO. Fresh off of an $800 million capital raise done at a $20 billion valuation, Payward, Inc. – which operates the crypto trading platform Kraken – has announced that it has confidentially submitted a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to the proposed initial public offering (or IPO) of its common stock. As the filing was done confidentially, Kraken did not disclose any financial specifics related to the planned offering.

Top FX industry executive moves this week

❑ CFI adds Federico Cirulli, David Haglund, and Prema Varadhan as Board members.

❑ Exclusive: Michael Buchbinder leaves CFDs broker Scandinavian Capital Markets.

❑ Exclusive: Vantage hires CPT Markets exec Mohammad Hassan Sojoudi for MENA BizDev.

❑ Exclusive: FXGT sees departure of Commercial and Growth head Arina Ambartsoumova.

❑ Exclusive: IG Group regulatory exec Katerina Michael joins Trading.com.

❑ 24 Exchange hires DriveWealth exec Gina Tuccio as CFO.