FX week in review: Epic Markets launch, Trading.com CEO leaves, BitDelta UAE license (and hires), Brendan Gunn sentenced

Gerald Segal 0 Comments July 26, 2026

Which experienced industry executives are behind the launch of new online retail broker Epic Markets? And which investor has put $10 million into the new venture?

Who has been recruited to Dubai based CFDs broker BitDelta, which just received a UAE CMA license?

Why was well-known FX and CFDs industry executive Brendan Gunn hit with a (maximum) 12 month sentence in Australia?

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: Former Citadel FX execs raise $10M to launch online retail brokerage Epic Markets. FNG Exclusive… FNG has learned that two former senior managers who ran the eFX business for market maker Citadel Securities are now preparing to launch a new online brokerage called Epic Markets. Epic plans to launch with a presence in both the US and the UAE. Ahead of its planned launch later this year, and as the company completes regulatory license applications, Epic Markets has closed a $10 million pre-seed round of funding.

CFDs broker BitDelta gets UAE CMA Category 5 license. Dubai based CFDs broker BitDelta has announced the launch of a fully operational office in Business Bay, Dubai, after the company received a Category 5 “Introduction” license for Bitdelta Securities Financial Services LLC. The company said that its Business Bay office will serve as the firm’s operational hub for the UAE and the wider GCC region, comprising dedicated teams for client onboarding, compliance, regulatory affairs, and partner relations.

Brendan Gunn gets max 12 month sentence for role in crypto scam. Australia financial regulator ASIC has announced that former finance director Brendan Gunn has been sentenced in the Local Court of NSW, for dealing with over $180,000 when it was reasonable to suspect that those funds were proceeds of crime. Brendan Gunn was sentenced to 12 months’ imprisonment, to be released immediately upon entering into a recognizance of $3,000 requiring he be of good behaviour for 12 months. The maximum sentence of imprisonment able to be imposed in a summary prosecution for this offence is 12 months.

Match‑Trader to power Prediction Markets at CFDs broker Born2trade. CFD broker Born2trade has announced an expansion of its trading offering on the Match-Trader platform, launching Prediction Markets as a dedicated add‑on module. The new capability introduces event‑driven trading while keeping the same overall interface and workflow traders already use, allowing them to move between traditional instruments and outcome-based contracts without switching tools.

cBridge launches Markout Report to help brokers detect toxic flow before it hits P&L. Leading broker technology provider Spotware Systems has announced that its platform-agnostic liquidity bridge cBridge has introduced Markout Report, a new risk intelligence module that helps brokers detect potentially toxic flow, assess its financial impact and respond before repeated losses accumulate.