Before we get to this week’s top FX and CFDs sector news stories, we’re pleased to report record traffic this past month on FNG for hits, visitors, email subscribers, pageviews…

April 2025 traffic on FNG was up 44% (!!) over March, which was also a record month at the time.

We now dominate Search traffic for virtually every industry company name and important keyword phrases, especially in Google News. Our advertisers are seeing great results with the increased traffic.

If you want your brand seen every day by the hundreds of thousands of visitors to FNG, come talk to us.

And now on to this week’s top stories on FNG…

How much is eToro trying to raise on its NASDAQ IPO, which “hit the road” this past week following a one month delay? At what valuation?

Which other CFDs broker just indicated it also is going to go public?

Who is leading the launch of Taurex Prime?

What new B2B FX business was just launched by former Argentex CEO Harry Adams?

Who did eToro just hire to head its business in Asia?

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

eToro IPO hits the road. Following our earlier report that Israel based online broker eToro was likely to restart its IPO process, eToro formally filed an update to its IPO prospectus giving more info on offering size, valuation, timing, and some data on its Q1 2025 results. How much money is eToro looking to raise in its IPO? At what valuation? How did eToro do in Q1 2025?

iForex considers IPO, plans applying for shares admission on LSE’s Main Market. iFOREX Financial Trading Holdings Ltd., a fintech business with a proprietary online and mobile trading platform for CFDs, announces that it is considering an initial public offering and that it has earlier today published a registration document. The Company is considering applying for admission of its Ordinary Shares to the equity shares (commercial companies) category of the Official List and to trading on the Main Market of the London Stock Exchange.

Exclusive: Taurex launching Taurex Prime institutional solutions for Brokers, Prop Firms. FNG Exclusive… FNG has learned that online trading firm Taurex is in process of launching Taurex Prime, a powerful institutional solutions provider offering bespoke liquidity, advanced technology infrastructure, and strategic support for brokers, hedge funds, professional traders, and proprietary trading firms. The official website — taurexprime.com — is now live with a Coming Soon preview, and institutional clients are invited to register their interest ahead of the full launch.

Former Argentex CEO Harry Adams launches new B2B FX firm Tenora. With the timing somewhat interesting following the recent near-collapse of his former company Argentex, former Argentex CEO Harry Adams has announced the launch of his latest FX venture, called Tenora. Tenora (at website tenora.io), based in London, plans to help businesses manage foreign exchange (FX) risk, reduce hidden costs, and improve visibility across global payments and hedging strategies. The founders report that Tenora was created to challenge outdated FX service models that lack transparency and accountability.

CMC Markets acquires majority stake in StrikeX to accelerate Digital Asset strategy. London based online trading firm CMC Markets (LON:CMCX) has announced that it has acquired a majority equity stake in blockchain technology provider StrikeX Technologies Ltd., increasing its holding from 33% to 51%. This acquisition strengthens CMC’s direct control over StrikeX technology and product roadmap, enabling the rapid expansion of its digital asset strategy.

Top FX industry executive moves this week

❑ eToro hires ABN Amro / Essence Group alum Yaki Razmovich to head Singapore and Asia.

❑ Exclusive: Axi names Owais Anwer as Global Head of Technology Operations.

❑ Exclusive: Former Sucden COO Gavin Parker joins Marex Abu Dhabi.

❑ Exclusive: IQ Option Head of Dealing Pawel Cichowski departs.

❑ Exclusive: DB Investing hires Moneta Markets bizdev exec Mohamed Elsaka.

❑ Swissquote adds Hans-Rudolf Köng to its Board.

❑ Exclusive: GTCFX COO Elian Daoud departs.

❑ Crypto prime broker Cor Prime hires Tim Bevan as CEO.

❑ Komainu hires Nickel Digital exec Jonathan Patterson as COO.

❑ Chris Mills joins Sage Capital Management as Head of Digital Assets.

❑ Capitolis appoints Amol Naik as Chief Operating Officer.