Who is behind the launch of new Dubai based CFDs broker MultiFi?

Which former CFDs industry executives are launching UK consumer investing startup Beat Money?

Who is backing prop firm TradersYard with additional funding?

Which leading online broker is entering the South Africa market, with two new licenses?

What new homes and roles were landed by the former CEOs of CFI Dubai, Brightpool, Exinity, and IG 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: CFDs broker MultiFi goes live, backed by Tyrus Capital. FNG Exclusive… FNG has learned that a new, Dubai based CFDs broker called MultiFi has gone live, at website multifi.trade. MultiFi will begin as an offshore, Mauritius domiciled and licensed broker. MultiFi was founded by former CFI executive Rawad Dagher, and Elie Abou Nader, a Private Equity Analyst at Monaco based special situations investment manager Tyrus Capital.

Exclusive: Former Exinity CEO Lex Webster launching consumer investing startup Beat Money. FNG Exclusive… FNG has learned that longtime CFDs industry executive Lex Webster is launching a new UK-focused financial startup, called Beat Money. Lex Webster served as CEO of Retail FX and CFDs brokerage group Exinity, operator of the FXTM online trading brand, from 2021-2024. He has also previously worked at Gain Capital (FOREX.com and City Index), LMAX, Charles Schwab and E*Trade.

Prop firm TradersYard secures further strategic funding from Ingmar Mattus’ Andromeda Capital. Vienna-based prop trading firm TradersYard has announced the completion of a new strategic funding round. The investment reflects the continued support of entrepreneur and investor (and Tickmill co-founder) Ingmar Mattus and Andromeda Capital Partners Suisse, who have backed the company since its early stages. The funding will support TradersYard’s international expansion, the launch of new product categories, and the scaling of operations across key global markets.

Capital.com enters South Africa under dual FSCA regulatory license. Leading online brokerage group Capital.com has announced dual regulatory approval from South Africa’s Financial Sector Conduct Authority (FSCA). The global financial group, which operates a technology-led trading platform, has been authorised as an Over-the-Counter Derivatives Provider (ODP) and Category 1 Financial Services Provider (FSP). Capital.com South Africa plans to onboard clients and provide access to contracts for difference (CFDs) across more than 5,000 markets

iSAM Securities Apex integrates with CMC to expand low-latency liquidity access for brokers. London based prime-of-prime broker and liquidity solutions provider iSAM Securities has announced that its Apex liquidity bridge technology suite has integrated with CMC Markets (LON:CMCX), connecting a globally recognisable, leading multi-asset LP to brokers through Apex’s ultra-low latency technology stack.

Top FX industry executive moves this week

❑ Exclusive: Former CFI Dubai / CMS Financial CEO Nidal Abdel Hadi joins INGOT Brokers.

❑ CMC Markets hires ex IG/Brightpool head Nicos Demetriades as Cyprus Executive Director.

❑ Exclusive: VCG Markets hires Ben Susanna as Chief Growth Officer.

❑ Exclusive: Tim Plummer takes over as CEO of prop firm FunderPro, CFDs broker NextTrade.

❑ Exclusive: Brian Chong joins Finalto as Head of Sales Asia.

❑ Exclusive: Rostro Head of Marketing Antonia Zeniou Droussiotou moves to Exinity.

❑ Capital.com hires Pepperstone / Sumsub alum Mariia Erokhina as VP of IT Operations.

❑ Exclusive: ex IG Australia CEO Matthew Davidson joins Trustport.

❑ Vantage UK BizDev head Sidney James moves to CMC Markets.

❑ Exclusive: TenTrade adds Exinity exec Wilfred Obasi as Commercial Director Africa.

❑ OSTTRA hires CLS alum Keith Tippell as Head of FX.