What led to a double digit percent fall in the share price of CFDs broker Plus500?

Who did EBC and Eightcap each hire to head their respective FCA licensed UK operations?

Who joined Pepperstone to lead its MENA region efforts?

Which traditional finance company invested $400 million into Crypto.com?

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

Plus500 shares sink 15% after Trading Update revenue drop. While the headline of yesterday’s mid year Trading Update by Israel based CFDs broker Plus500 (LON:PLUS) read Record H1 2026 performance… Revenue up 12% YoY…, the market seemed to read things differently, focusing more on the quarter-to-quarter change at the company. Shares of Plus500 fell by 15% on Monday following the Trading Update release, closing at GBP 42.00, their lowest level since early April.

Five arrested in Cyprus based investment scam targeting Belgian and Dutch traders. The Netherlands Police website (politie.nl) is reporting that on July 7, two Dutch nationals aged 45 and 34 and a 34-year-old Belgian national were arrested in Cyprus, where they all lived. That same day, a 25-year-old Belgian national was arrested in Belgium. On July 10, a 44-year-old Dutch national with no permanent address was arrested in Athens, Greece. More arrests may follow. The main suspect was surrendered to the Netherlands. The Examining Magistrate has issued a pre-trial detention order of 14 days.

Exclusive: Tickmill UK expands multi-asset trading through strategic partnership with Interactive Brokers. FNG Exclusive… FNG has learned that FCA licensed online broker Tickmill UK has launched a new Interactive Brokers Multi-Asset Account, expanding the range of global markets and investment opportunities available to its UK clients through a strategic partnership with Interactive Brokers (NASDAQ:IBKR).

Crypto.com gets $400M investment from Citadel Securities at $20B valuation. As the traditional finance and crypto trading worlds continue to converge, digital assets trading platform operator Crypto.com has announced that the company has agreed to a strategic $400 million investment from market maker Citadel Securities, valuing Crypto.com at $20 billion. (Meaning, that Citadel is taking a 2% stake in Crypto.com). The milestone marks the first institutional funding round in Crypto.com’s decade-long history.

IC expands into eSports with multi-year BLAST partnership. Competitive entertainment company BLAST has announced IC as the Official Online Trading Partner of BLAST Premier and BLAST Slam, marking the global trading provider’s entry into eSports through a major multi-year partnership. The multi-year partnership extends IC’s global sponsorship strategy into eSports, with activations across BLAST’s international Counter-Strike and Dota 2 ecosystems, reaching millions of highly engaged, digitally native fans through live broadcasts, arena events, original content, and online experiences via BLAST.tv.

Top FX industry executive moves this week

❑ Exclusive: EBC hires Evolution Markets’ Rudy Rehal, Pepperstone exec Zack Ioannou to head UK operation.

❑ Exclusive: Eightcap UK adds Will Hardy as Executive Director.

❑ Pepperstone hires Mohammed Almadhoun as Head of Middle East, Osama Hamdan to head MENA sales.

❑ Exclusive: FXBO partnerships manager Roy Semaan moves to Spotware.

❑ Exclusive: Prop solutions co Trade Tech hires Mihai Gheorghian to head B2B Sales & Partnerships.

❑ XS.com hires Anna Pastusenco from IC as Head of PSPs.

❑ Joe Tuccio joins Spotex as Head of Digital Assets.

❑ Mohammed A. Mulla joins GCEX Dubai as a Board Member.

❑ Revolut Trading CEO Yana Shkrebenkova departs.