FX week in review: Taurex CEO returns, Trive owner banned, CFDs broker loses FCA license, FPFX investor, Prop prediction markets

Gerald Segal 0 Comments March 15, 2026

In what capacity has former Taurex CEO Matthew Wright returned to the company?

Why did UK regulator The FCA ban Trive owner Kasim Garipoglu from working in UK financial services?

Which FX and CFDs industry group has acquired a “significant” interest in prop firm technology provider FPFX Tech?

Which is the first prop firm to launch Prediction Markets trading?

Which CFDs broker has relinquished its FCA license? And why?

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

FCA bans Kasim Garipoglu from working in UK financial services. Kasim Garipoglu has been banned from working in UK financial services. The UK Financial Conduct Authority (FCA) found he is not fit and proper because of his lack of honesty and integrity. Kasim Garipoglu controls FX and CFDs brokerage Trive, which previously operated the Trivepro brand from the UK.

Quadcode acquires significant stake in FPFX Tech parent Game 7. Game 7, LLC, the parent company of prop trading technology provider FPFX Tech as well as prop white label operator PropAccount, and retail prop firm BullRush, has announced that Quadcode, the fintech group behind IQ Option, Amaiz, and Quadcode AI, has acquired a “significant strategic stake” in the business. Quadcode’s investment in Game 7 comes shortly after the $112 million sale of its CFTC-regulated exchange and clearinghouse, QCEX, to Polymarket.

Exclusive: CFDs broker GMI relinquishes FCA license, CEO Zaid Alkhatib departs. FNG Exclusive… FNG has learned that Retail FX and CFDs broker GMI has relinquished the FCA license of its UK arm, Global Market Index Limited. The company’s UK CEO, Zaid Alkhatib, has left the group, after running GMI UK for the past four years.

Prop firm For Traders adds Prediction Markets beta. Jakub Rož, CEO of Prague based retail prop trading firm For Traders, announced on his social media feed that For Traders launched today the beta of Prediction Markets trading. For Traders is apparently experimenting with Prediction Markets inside prop trading, running for now as a free monthly competition. The current competition will run to April 9, 2026 at 12:00 UTC.

Revolut Bank UK launches. UK based neobank Revolut has announced that its Revolut Bank UK Ltd unit has received regulatory approval from the Prudential Regulation Authority (PRA) to exit the mobilisation phase, and launch as a bank in the UK. Revolut has been upping its investment in awareness and branding in its home UK market lately, such as becoming back-of-shirt sponsor for Manchester City.

Brokeree launches integration API to bring Social Trading to financial institutions. Brokeree Solutions, a global provider of technology solutions for multi-asset brokers, has announced that the company has released an Integration API that enables financial institutions to embed its Social Trading technology into their infrastructure. The API supports trading platforms beyond MetaTrader and cTrader, as well as deployment within investment and crypto companies, and is designed to reduce the time and cost of launching copy trading as a service.