Who did US neobroker Robinhood hire in Dubai as Senior Executive Officer of the company’s new Robinhood MENA operation – as Robinhood has apparently applied for a license from the DFSA?

Which FCA licensed CFDs broker did Ultima Markets buy, with plans to expand in the UK retail trading market?

What led shares of eToro to fall below their May 2025 IPO price?

What did Doo Group offshore brokerage arm Doo Prime just rebrand as?

Which C-Suite management changes has Equiti Group just made?

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: Robinhood applying for Dubai DFSA license, hires Mario Camara. FNG Exclusive… FNG has learned that leading US neobroker Robinhood (NASDAQ:HOOD) is embarking on the next stage of its international expansion plan, establishing infrastructure and hiring for the opening of an operation in Dubai in the coming months. Which former Equiti and Saxo Bank exec did Robinhood just hire as its Senior Executive Officer in Dubai? Where does Robinhood plan to establish an office?

Offshore CFDs broker Ultima Markets buys Tiger Brokers UK – and its FCA license. Offshore (Mauritius) domiciled Retail FX and CFDs broker Ultima Markets has announced that the company has secured a regulatory license to operate under the United Kingdom’s Financial Conduct Authority (FCA), with plans to establish a regulated presence in the UK. Ultima Markets, until now focused mainly on clients in China and the Far East, plans to onboard UK clients from 2026, and is slated to launch a localized UK offering.

eToro shares tumble 8% to below IPO price after Q2 results report. Online broker eToro Group Ltd (NASDAQ:ETOR) had one of its worst days since becoming a publicly traded company two months ago, as its shares tumbled by 8% on Tuesday to close at $50.74. This marks the first time that eToro shares have traded (and indeed closed) below the company’s $52 IPO price.

Doo Group offshore CFDs arm rebrands as D Prime. Doo Prime, the offshore Retail FX and CFDs brokerage arm of Singapore based Doo Group, has announced a rebranding to just “D Prime”. The Mauritius and Vanuatu domiciled broker, whose website remains dooprime.com, said that the rebrand is about redefining how it connects with clients, partners, and the broader fintech community.

Swissquote sets records for Revenue (CHF 358M) and Profits (CHF 158M) in H1 2025. Leading Switzerland based online banking and trading provider Swissquote (SWX:SQN) has published its financial results for the first half of 2025, with the company seeing record Revenue and Net Profit figures for a six month period – for the sixth time in a row! Crypto asset income increased by +22.7% to CHF 43.1 million (or 12% of total Revenue at Swissquote in H1 2025), thanks to higher crypto volumes.

Top FX industry executive moves this week

❑ Equiti Group promotes Sartaj Singh to CTO following recent CFO, Risk head moves.

❑ Exclusive: Ali Afzaal joins PU Prime to head MENA and South Asia BizDev.

❑ IG Group plans modest increase in salaries for CEO and CFO in FY26.

❑ ATFX Connect appoints Professor Trevor Williams as Consultant Economist.

❑ Exclusive: ATFX hires Maybank exec Abha Velayutham to head Sales in Cambodia.

❑ Exclusive: Stonefort hires Hantec alum Joydeep Mukherjee as Head of Product and Strategy.

❑ Westpac appoints Carolyn McCann as Chief Executive, Consumer.