As Latin America becomes an increasing area of focus for Retail FX and CFDs brokers, there is one country which has, at least lately, become the landing spot of choice for on-the-ground operations in the LaTAM region – Colombia. Which are the latest brokers to launch LaTAM offices in Colombia?

Also this past week at FNG there was the curious case of a police crackdown on financial scams in Malaysia which seems to have ensnared Doo Group, and its just-rebranded D Prime offshore brokerage operation.

Inter Milan got a new CFDs broker sponsor…

Admirals posted a multi-year low in Revenues and a fairly sizeable Net Loss…

and lots more.

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: Doo Group call center raided by Malaysia police. FNG Exclusive… FNG has learned that a call center in Kuala Lumpur, Malaysia operated by Retail FX and CFDs brokerage Doo Group was one of several raided recently by Malaysian police, as part of a wider operation in the country targeting financial scams. The Doo Group call center in Malaysia services clients in China and across the Far East of D Prime (recently rebranded from Doo Prime), the Doo Group’s offshore CFDs brokerage arm.

Brokers opening new offices in Colombia (including one from last week)…

• CFI advances LaTAM growth with Colombia rep office.
• Exclusive: ACY Securities opens first LaTAM office in Colombia.
• Plus500 secures authorization to establish new representative office in Colombia.

Ultima Markets signs on as Asia partner of Inter Milan. Retail FX and CFDs broker Ultima Markets has announced its new role as the Exclusive Regional Partner of Italian football club FC Internazionale Milano, more popularly known as Inter Milan, in Asia. Through this multi-year partnership, Ultima Markets said that it will introduce co-branded content, digital activations, and educational initiatives tailored to Asia’s fast-growing financial and sports communities.

Admirals hits multi-year low in Revenues, posts large Net Loss in H1 2025. Things seem to have gone from bad to worse at Estonia based Retail FX and CFDs broker Admirals Group AS. After posting multi-year lows in Revenues in the second half of 2024, although operating near breakeven, Admirals saw a further 19% decline in Revenue to just €13.3 million (USD $15.5 million) in the first half of 2025. As recently as H1 2022, Admirals was doing more than €40 million in semi-annual Revenues.

Spotware releases cTrader 5.4 upgrade. Spotware, developer of multi-asset trading platform cTrader, has announced the release of cTrader 5.4, a significant upgrade that delivers a powerful mix of developer-first enhancements and trader-focused tools. One of the main headline features of cTrader 5.4 is native Python support, marking cTrader as the first major trading platform to enable algo trading in one of the world’s most widely used programming languages.

Top FX industry executive moves this week

❑ Exclusive: ActivTrades hires FCA and Britannia alum Martin Bleisteiner to head Compliance.

❑ XTB hires OANDA exec Bartosz Osiński to head Risk Management.

❑ 21X adds Bundesbank alum Joachim Wuermeling to its Supervisory Board.

❑ Exclusive: ZFX trading ops head Ahmad Al Jebouri departs.