What CEO level changes were seen at brokers TopFX and GTCFX?

Why did leading UK online broker IG apply for a UK gambling license?

What is Plus500’s latest brokerage acquisition? And, where does it help Plus500 expand?

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

Saxo announces partnerships with nine internationally renowned athletes. The new management / ownership group at Saxo Bank seems to have gotten its footing and made its first major marketing move, launching not one or two but nine new sports “partnerships” with some well-known athletes, across different sports.

Plus500 to acquire Brazil-based broker-dealer Guru. Online trading company Plus500 Ltd (LON:PLUS) has conditionally agreed to acquire the full ownership of Guru Corretora de Títulos e Valores Mobiliários Ltda (Guru), a regulated broker-dealer in Brazil. The acquisition further accelerates Plus500’s growth strategy in Latin America, building on its existing B2B partnership with Nelogica and its local presence in Colombia.

IG applies for a UK gambling license. Leading UK online brokerage IG Group (LON:IGG), which has seen its financial results and its stock price somewhat depressed lately, held a Capital Markets Event day for investors and analysts. The “big news” was that IG plans to “refresh” its organisational model around three divisions: IG Consumer, IG Securities and tastytrade. One of the more interesting notes was regarding the company’s plans to apply for a UK gambling license (actually, already done).

Capital.com report shows gaps in trader risk behavior across markets. Analysis of more than 80 million closed trades on Capital.com’s global platform between January and June 2026, around 32.2 million of them in seven key markets, finds persistent and measurable differences in how traders approach a fundamental risk management decision, whether to define their maximum potential loss before a position is placed, rather than leaving exit decisions to real-time judgement under market pressure.

Brokeree unveils Feed add-on to its flagship Social Trading platform. Leading broker tech solutions provider Brokeree Solutions has announced the launch of Social Add-Ons for its flagship copy trading platform, Social Trading. Social Add-Ons are a new collection of optional extensions that brokers can enable to expand the platform’s functionality. The first in the lineup is Feed, which creates a dedicated channel for providers to communicate with followers and keeps conversations and community activity within each broker’s own ecosystem.

Top FX industry executive moves this week

❑ GTCFX hires ATFX exec Charbel Raffoul as CEO.

❑ TopFX CEO Victor Zachariades departs, returns to broker services provider BKR44.

❑ GTCFX hires Abdelrahman Al Ali (from regulator CMA) as General Manager.

❑ Exclusive: ThinkMarkets hires CFI exec Junaid Daher as Head of CRM.

❑ Anax Capital COO Mitul Kapadia moves to Sky Links Capital.

❑ Deriv appoints Rotimi Akinyele as CTO to lead AI-native engineering strategy.

❑ B2C2 appoints AZA Finance founder Elizabeth Rossiello as COO.

❑ XS.com hires Mariana Higa from Vantage for LATAM marketing.