The past week of Forex Industry News was all about results, with a number of both Retail and Institutional multi-asset brokers releasing financial reports.

With a few exceptions, it seems as though Revenues and Profits are down in 2021 and early 2022 as compared to the prior year, with brokers overall doing “OK” but not quite as well as when markets were super-volatile in 2020, at the outset of the global COVID-19 pandemic.

The week was nearly equally as busy on the executive-move front, with several brokers filling holes in their senior management ranks.

And all the top stories appeared first or exclusively here at FNG.

Some of the most read and commented-on FX industry news stories to appear over the past seven days on FNG included:

Broker results:

• Finalto sees Revenues decline 47% in 2021 to $46.6M.
• Exclusive: Valutrades Revenues up 11% in 2021 to £4.4M as client funds rise.
• Exclusive: ICM Capital Ltd posts £1.1M loss in 2021 as client assets fall.
• Exclusive: Capital Index revenues drop 30% in “challenging year” 2021.
• Exclusive: ThinkMarkets UK sees Revenue down 38% in 2021 as activity slows.
• Spreadex revenues rise 3% in FY 2022, but profits fall.

XTB inks UFC icon Conor McGregor as brand ambassador. Poland based Retail FX and CFDs broker XTB (WSE:XTB) has announced that it has just started a new promotional campaign starring new global XTB brand ambassador Conor McGregor. In its new advertisements starring Mr. McGregor, XTB emphasises that investing in various types of assets is accessible to everyone. They also add that the company provides its clients with tools that facilitate entry into the world of investments: an intuitive online investing platform, daily market analyses, as well as numerous educational materials.

Plus500 sets new 5-year revenue objective. Plus500 is announcing a new five year incremental, annualised revenue objective of approximately $500 million, to be achieved through expanding existing products, the introduction of new products, deepening customer engagement and expanding into new geographies, including the U.S. This revenue objective is based on the Group’s current view of the prospects of the business at this particular point in time, and in the context of the unpredictable market conditions experienced in recent years.

Capitalise.ai and Pepperstone announce partnership. Capitalise.ai, a provider of a trading automation and analysis platform, and Forex & CFD broker Pepperstone have announced a partnership that provides Pepperstone clients with a seamless auto-trading experience by fully automating their trading strategies using free-style text input, and receiving alerts and insights provided by Capitalise.ai’s engine. Pepperstone clients now have a smooth and easy way of creating, analyzing and automating their trading scenarios while on the go, with no need for any coding or technical skills.

Top FX industry executive moves reported at FNG this week included:

❑ Exclusive: Michael Going leaves LMAX for Sales Manager role at Capital.com.

❑ Exclusive: CFI hires Amana exec Karim Malas as Global Head of Operations.

❑ Exclusive: PrimeXM hires AlpFin exec Soren Rosenkrantz Klausen as Head of Global Sales.

❑ Exclusive: Admirals UK Director of Trading Risk Zahid Mahmood resigns.

❑ Exclusive: Michael Bogoevski named Head of Distribution APAC and Canada at CMC Markets.

❑ Exclusive: Leverate MENA head Ahmed Fouad joins Emporium Capital.

❑ Chris Codo joins United Fintech from CME Group.

❑ Rawan Abdou leaves MultiBank to become Marketing Coordinator at CFI.

❑ Tools for Brokers hires Michael Levine as VP Sales UK / MENA.