FXCM, one of the oldest names in the online trading industry, was in the news this week for being sold not once but twice – first offloading its UK clients, and then again the rest of the company’s business being sold.

There were lots of other well-known broker names in the news – NAGA raising funds, Trading 212 revealing record Revenues, and several brokers reacting to IG’s not-so-good Q3 Trading Update, which sent shares of several publicly traded online brokers tumbling.

And of course there was a good dose of management moves in the sector, including a new CEO at Devexperts, a new CFO at AvaTrade, and some well known faces in new places.

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

AvaTrade to acquire (most of) FXCM. Ireland and Israel based Retail FX and CFDs broker AvaTrade has announced that it has agreed to acquire the majority of FXCM Group’s business, one of the world’s longest-established online trading brands. The sale allows FXCM parent company Jefferies Financial Group Inc (NYSE:JEF) to exit the retail online brokerage business.

Trade Nation to acquire the UK client book of FXCM. Trade Nation, an FCA-regulated spread betting and CFD specialist, has announced that it has agreed to acquire the UK client book of Stratos Markets Limited, which operates as FXCM (and Tradu) in the UK. The acquisition also marks the boldest move made so far by Trade Nation CEO Jon Noble and Managing Director Kypros Zoumidou, who were brought in to run Trade Nation last year.

NAGA raises $8M strategic investment from Presto and MDream. Hamburg based NAGA Group AG (ETR:N4G0), the multi-asset fintech group behind the NAGA SuperApp “Naga One”, has announced that it is adding USD $8 million in financial flexibility and complementary strategic expertise to support its growth ambitions. With Presto and MDream, NAGA has attracted two institutional investors with deep expertise in quantitative trading and fintech.

Trading 212 revenues rise 70% in 2025 to £346M, profit tops £96M. After we reported earlier this year that its key FCA regulated UK subsidiary, Trading 212 UK Limited, had a fairly good 2025, it comes as no surprise that the overall Trading 212 group did very well for the year. Parent company Trading 212 Group Limited has reported its financial results for 2025, showing revenues of £345.8 million (USD $457 million), up by 70% from £204.0 million in 2024. Trading 212 group net profit came in at £96.4 million ($127 million) in 2025, versus less than half that, £44.1 million, the previous year.

cTrader opens multi-platform plugins to broker-owned services. Leading trading technology provider Spotware Systems has announced that Brokers and Prop Firms can now offer their own plugins – pre-installed in Spotware’s cTrader trading platform for existing clients, or listed in cTrader Store. The plugins give brokers and prop firms the ability to shape their cTrader offering around their own brand.

Lord Peter Cruddas closes in on £5 million CMC Markets share purchase pledge. Well that didn’t take long. After pledging to acquire £5 million (USD $6.6 million) worth of shares in his own company, CMC Markets (LON:CMCX), last Friday, CMC controlling shareholder and CEO Lord Peter Cruddas closed in on that goal, buying another £3.7 million worth of CMC stock in the open market on Monday.

Top FX industry executive moves this week

❑ Devexperts hires LSEG alum Rainer Fuchsluger as CEO, replacing Ben Hurley.

❑ CFDs broker Sky Links Capital hires ATFX exec Hormoz Faryar as Managing Director.

❑ Exclusive: INFINOX product and strategy head Aditya Singh moves to RCX.

❑ MultiBank CPGO Dana Massey moves to Prop Firm group Next Ventures.

❑ GTN hires Saxo alum Daniel Endler as CPO.

❑ IG Group CTO David Perry, UK CTO Qaiser Mazhar depart.

❑ Offshore CFDs broker Bullwaves hires FP Markets exec Martin Stoilov as COO.

❑ Exclusive: OANDA CRO Mark Chesterman departs.

❑ Exclusive: OANDA hires Karolina Jasica from IG as Global Compliance Officer.

❑ Mitrade adds ex Capital.com and TD Ameritrade exec Christopher Brankin as Global Markets Advisor.

❑ Tim Grant appointed Chairman of trading platform co TradeLocker.

❑ Exclusive: AvaTrade hires NAGA/Finalto alum Jeremy Schlachter as CFO.

❑ Exclusive: iSAM adds LMAX alum Greg Davidson as Head of Corporate Infrastructure.