Weekly Highlights: Daily FX Volumes Hit $9.6 Trillion, UK Traders Use Stop Losses 60% More Than Peers
Bridgewise launches AI tool for CFD brokers
This week, a new version of an AI market analysis chat tool for CFD brokers hit the market. Bridgewise launched an updated version of Bridget, an AI-based market analysis chat solution tailored for
global CFD brokers. The solution is currently in pilot with 300,000 traders.
The company has emphasized the competitive and
data-heavy nature of capital markets. It also noted rising customer acquisition
costs and limited lifetime value in the brokerage industry.
Join IG, CMC, and Robinhood in London’s leading trading industry event!
However, Bridgewise is not alone in offering AI-based
solutions for brokers; its local competitor TipRanks, along with numerous other
technology providers, also offers AI-powered stock analysis tools.
Global FX trading soars
Meanwhile, the global foreign exchange (FX) trading is
rising. BIS’s report showed that it surged 28% to $9.6 trillion daily in April 2025. Over-the-counter interest rate derivatives also saw a
sharp rise, jumping 59% to $7.9 trillion per day.
The US dollar remained the dominant currency,
participating in 89% of all FX trades. It was followed by the euro at 28.9% and
the Japanese yen at 16.8%.
CMC Markets expands via Westpac deal
More brokers are looking for collaborations beyond their
niche. This week, CMC Markets secured an extended technology partnership with Westpac Banking Corporation to provide white-label trading platforms for
Westpac Share Trading and St.George Directshares.
This deal gives CMC access to Westpac’s customer base of
approximately 13 million clients, with integration expected to take about 12
months. CMC anticipates this partnership will grow its Australian customer base
by around 40% and increase domestic trading volumes by approximately 45%.
Capital.com UK profit soars 215%
The UK unit of Capital.com reported a net trading revenue of approximately £40.9 million for 2024, marking a 37.7%
increase from £29.7 million the previous year.
According to the Companies House filing, the revenue
primarily comes from rebates paid by its parent company, earned through its
role as a matched principal broker in the CFD and spread betting markets.
OANDA Europe profit skyrockets 738%
Bigger gains also came from OANDA Europe, the UK subsidiary
of the global OANDA group, which reported a significant profit increase of 738% in 2024. Pre-tax profit reached £1.51 million, up from £227,336 in 2023.
Despite lower market volatility throughout the year, the
broker’s total revenue grew 13% to £18.5 million, compared to £16.3 million the
previous year.
The UK-regulated broker attributed its strong financial
performance to successful client acquisition and retention efforts that offset
the typical market lull seen in reduced volatility conditions.
Trading212 Cyprus doubles revenue
Trading212’s Cyprus entity more than doubled its revenue in 2024, reaching £42.2 million. The company’s overall group revenue hit over £194
million for the year, marking a 67.2% increase compared to 2023.
Additionally, the recently acquired German brokerage FXFlat
contributed over £1 million in revenue. Marketing expenses for the group surged
past £65 million in the same period.
Darwinex Operator’s profit drops
Not all brokers are posting strong numbers. Tradeslide Trading
Tech Limited, the UK-based CFDs provider operating under the Darwinex brand,
published its 2024 annual results showing a profit after tax of €477,000, down
from €581,000 in 2023.
Gross profit decreased to €5.06 million from €5.33 million
as cost of sales increased to €2.32 million. Higher administrative expenses led
to a trading loss of €472,000 in 2024, reversing the previous year’s operating
profit of €252,000.
Tickmill UK’s revenue drops
Tickmill UK also experienced a decline in trading volume in 2024,
which fell to $136 billion from $189 billion the previous year. This volume
drop led to a 6% decrease in revenue, bringing it down to £6.2 million.
Income statement of Tickmill UK
Despite lower revenue, Tickmill UK’s profits rose due to a
reduction in administrative expenses and external swap and commission charges.
The company also reported a decrease in intercompany recharge income, which
fell to £2.2 million from £2.7 million in 2023.
Afterprime launches first pay-to-trade brokerage
Away from the numbers and onto new offerings. This week, Australian brokerage Afterprime introduced the world’s first “pay-to-trade” model, allowing active forex traders to earn additional income through a program called “Flow Rewards.” This model offers up to $3 per lot traded on top of zero-commission trading, targeting traders with high monthly volumes.
Founded by Global Prime’s former executives Jeremy Kinstlinger and Elan Bension, Afterprime claims that traders handling 1,000 lots per month could earn up to $36,000 annually through this post-trade optimization system. The rewards come from value redistributed from market spreads rather than client funds, providing an incentive beyond traditional commission savings.
UK traders use stop losses 60% more
And to some interesting findings: British retail traders use stop-loss orders 60% more often than traders in other regions, contributing to
a higher account profitability rate of 29%, according to Capital.com data from
May 2023 to May 2025.
This profitability rate is nearly double that of the MENA
region, which stands at 15%, and slightly higher than Europe’s 27%. The average UK deposit is $18,913, with a median of $1,526,
almost three times higher than deposits in Europe and MENA.
IG secures FCA crypto licence in the UK
In matters licensing, IG became the first UK-listed company to receive a crypto asset license from the Financial Conduct Authority (FCA).
This license enables IG to expand its cryptocurrency offerings and provide more
accurate pricing.
Previously, IG launched crypto trading in June through a
partnership with FCA-registered firm Uphold, but the new license now allows
customers to transfer crypto assets directly in and out of the IG platform and
access additional features.
Binance targets banks and brokers
Binance has launched Crypto-as-a-Service (CaaS), a white-label solution targeting financial institutions and brokerages. This platform enables these firms to offer crypto trading under their own brand while leveraging Binance’s infrastructure.
Introducing #Binance Crypto-as-a-Service (CaaS)
A white-label solution for corporates and financial institutions to integrate crypto services with full front-end control, powered by Binance’s unmatched infrastructure and liquidity.
Learn more 👉https://t.co/efBybAglQY pic.twitter.com/Gvsj9iAJCy
— Binance VIP & Institutional (@BinanceVIP) September 29, 2025
CaaS provides access to Spot and Futures trading, liquidity, custody, compliance, and settlement services. Institutions maintain control over their user interface and client relationships, reducing the cost and time required to develop crypto services independently.
Integral launches stablecoin prime broker
Still with crypto, the rising popularity of stablecoins seems to be attracting more firms in the industry. Integral, a technology provider in the forex trading industry,
launched PrimeOne, a stablecoin-based crypto prime broker platform.
The platform operates entirely on-chain, with all traders
funded and collateralized using stablecoins instead of cash, enabling trading
and settlement to be conducted via blockchain technology.
Stablecoins, Football Sponsorships, and Prediction Markets
In Paul Golden’s weekly column, Tether launched a US-compliant stablecoin and appointed Bo Hines, formerly of the Presidential
Council of Advisers for Digital Assets, to a key role. Despite Hines’ recent
arrival, Tether’s stablecoin, USDt, remains the market leader.
Data from RWA.xyz indicates USDt saw inflows of $19.6
billion last quarter, the highest among stablecoins, contributing to the total
$46 billion inflow into stablecoins during that period.
Tether benefits significantly from the yield on US
Treasuries backing its tokens and is reportedly targeting a $500 billion
valuation through an upcoming private placement.
Kudotrade launches prop trading Arm
Lastly, more brokers are launching prop trading divisions. Kudotrade, regulated in Mauritius, launched its proprietary retail trading platform called “Kudo Funded.” The platform offers traders access to capital of up to $200,000 and represents Kudotrade’s entry into the growing proprietary trading sector, joining other traditional financial firms expanding in this area.
Kudo Funded operates on a typical prop trading model. Traders must complete evaluation challenges and demonstrate consistent performance while adhering to risk management rules. Upon qualification, traders receive access to funding programs. The company highlights that qualified traders benefit from “generous profit shares” and guaranteed payouts as part of the program.
Kraken-Owned NinjaTrader enters prop trading
Also eying prop trading, NinjaTrader Group, now owned by Kraken, launched two new proprietary trading platforms—NinjaTrader Prop and Tradovate Prop—under its affiliate NT Technologies.
Among the first to adopt these new platforms are Take Profit Trader, Apex Trader Funding, and MyFunded Futures. The launch marks NinjaTrader Group’s entry into the prop trading business, providing traders with a comprehensive toolkit tailored to every stage of prop trading.
Bridgewise launches AI tool for CFD brokers
This week, a new version of an AI market analysis chat tool for CFD brokers hit the market. Bridgewise launched an updated version of Bridget, an AI-based market analysis chat solution tailored for
global CFD brokers. The solution is currently in pilot with 300,000 traders.
The company has emphasized the competitive and
data-heavy nature of capital markets. It also noted rising customer acquisition
costs and limited lifetime value in the brokerage industry.
Join IG, CMC, and Robinhood in London’s leading trading industry event!
However, Bridgewise is not alone in offering AI-based
solutions for brokers; its local competitor TipRanks, along with numerous other
technology providers, also offers AI-powered stock analysis tools.
Global FX trading soars
Meanwhile, the global foreign exchange (FX) trading is
rising. BIS’s report showed that it surged 28% to $9.6 trillion daily in April 2025. Over-the-counter interest rate derivatives also saw a
sharp rise, jumping 59% to $7.9 trillion per day.
The US dollar remained the dominant currency,
participating in 89% of all FX trades. It was followed by the euro at 28.9% and
the Japanese yen at 16.8%.
CMC Markets expands via Westpac deal
More brokers are looking for collaborations beyond their
niche. This week, CMC Markets secured an extended technology partnership with Westpac Banking Corporation to provide white-label trading platforms for
Westpac Share Trading and St.George Directshares.
This deal gives CMC access to Westpac’s customer base of
approximately 13 million clients, with integration expected to take about 12
months. CMC anticipates this partnership will grow its Australian customer base
by around 40% and increase domestic trading volumes by approximately 45%.
Capital.com UK profit soars 215%
The UK unit of Capital.com reported a net trading revenue of approximately £40.9 million for 2024, marking a 37.7%
increase from £29.7 million the previous year.
According to the Companies House filing, the revenue
primarily comes from rebates paid by its parent company, earned through its
role as a matched principal broker in the CFD and spread betting markets.
OANDA Europe profit skyrockets 738%
Bigger gains also came from OANDA Europe, the UK subsidiary
of the global OANDA group, which reported a significant profit increase of 738% in 2024. Pre-tax profit reached £1.51 million, up from £227,336 in 2023.
Despite lower market volatility throughout the year, the
broker’s total revenue grew 13% to £18.5 million, compared to £16.3 million the
previous year.
The UK-regulated broker attributed its strong financial
performance to successful client acquisition and retention efforts that offset
the typical market lull seen in reduced volatility conditions.
Trading212 Cyprus doubles revenue
Trading212’s Cyprus entity more than doubled its revenue in 2024, reaching £42.2 million. The company’s overall group revenue hit over £194
million for the year, marking a 67.2% increase compared to 2023.
Additionally, the recently acquired German brokerage FXFlat
contributed over £1 million in revenue. Marketing expenses for the group surged
past £65 million in the same period.
Darwinex Operator’s profit drops
Not all brokers are posting strong numbers. Tradeslide Trading
Tech Limited, the UK-based CFDs provider operating under the Darwinex brand,
published its 2024 annual results showing a profit after tax of €477,000, down
from €581,000 in 2023.
Gross profit decreased to €5.06 million from €5.33 million
as cost of sales increased to €2.32 million. Higher administrative expenses led
to a trading loss of €472,000 in 2024, reversing the previous year’s operating
profit of €252,000.
Tickmill UK’s revenue drops
Tickmill UK also experienced a decline in trading volume in 2024,
which fell to $136 billion from $189 billion the previous year. This volume
drop led to a 6% decrease in revenue, bringing it down to £6.2 million.
Income statement of Tickmill UK
Despite lower revenue, Tickmill UK’s profits rose due to a
reduction in administrative expenses and external swap and commission charges.
The company also reported a decrease in intercompany recharge income, which
fell to £2.2 million from £2.7 million in 2023.
Afterprime launches first pay-to-trade brokerage
Away from the numbers and onto new offerings. This week, Australian brokerage Afterprime introduced the world’s first “pay-to-trade” model, allowing active forex traders to earn additional income through a program called “Flow Rewards.” This model offers up to $3 per lot traded on top of zero-commission trading, targeting traders with high monthly volumes.
Founded by Global Prime’s former executives Jeremy Kinstlinger and Elan Bension, Afterprime claims that traders handling 1,000 lots per month could earn up to $36,000 annually through this post-trade optimization system. The rewards come from value redistributed from market spreads rather than client funds, providing an incentive beyond traditional commission savings.
UK traders use stop losses 60% more
And to some interesting findings: British retail traders use stop-loss orders 60% more often than traders in other regions, contributing to
a higher account profitability rate of 29%, according to Capital.com data from
May 2023 to May 2025.
This profitability rate is nearly double that of the MENA
region, which stands at 15%, and slightly higher than Europe’s 27%. The average UK deposit is $18,913, with a median of $1,526,
almost three times higher than deposits in Europe and MENA.
IG secures FCA crypto licence in the UK
In matters licensing, IG became the first UK-listed company to receive a crypto asset license from the Financial Conduct Authority (FCA).
This license enables IG to expand its cryptocurrency offerings and provide more
accurate pricing.
Previously, IG launched crypto trading in June through a
partnership with FCA-registered firm Uphold, but the new license now allows
customers to transfer crypto assets directly in and out of the IG platform and
access additional features.
Binance targets banks and brokers
Binance has launched Crypto-as-a-Service (CaaS), a white-label solution targeting financial institutions and brokerages. This platform enables these firms to offer crypto trading under their own brand while leveraging Binance’s infrastructure.
Introducing #Binance Crypto-as-a-Service (CaaS)
A white-label solution for corporates and financial institutions to integrate crypto services with full front-end control, powered by Binance’s unmatched infrastructure and liquidity.
Learn more 👉https://t.co/efBybAglQY pic.twitter.com/Gvsj9iAJCy
— Binance VIP & Institutional (@BinanceVIP) September 29, 2025
CaaS provides access to Spot and Futures trading, liquidity, custody, compliance, and settlement services. Institutions maintain control over their user interface and client relationships, reducing the cost and time required to develop crypto services independently.
Integral launches stablecoin prime broker
Still with crypto, the rising popularity of stablecoins seems to be attracting more firms in the industry. Integral, a technology provider in the forex trading industry,
launched PrimeOne, a stablecoin-based crypto prime broker platform.
The platform operates entirely on-chain, with all traders
funded and collateralized using stablecoins instead of cash, enabling trading
and settlement to be conducted via blockchain technology.
Stablecoins, Football Sponsorships, and Prediction Markets
In Paul Golden’s weekly column, Tether launched a US-compliant stablecoin and appointed Bo Hines, formerly of the Presidential
Council of Advisers for Digital Assets, to a key role. Despite Hines’ recent
arrival, Tether’s stablecoin, USDt, remains the market leader.
Data from RWA.xyz indicates USDt saw inflows of $19.6
billion last quarter, the highest among stablecoins, contributing to the total
$46 billion inflow into stablecoins during that period.
Tether benefits significantly from the yield on US
Treasuries backing its tokens and is reportedly targeting a $500 billion
valuation through an upcoming private placement.
Kudotrade launches prop trading Arm
Lastly, more brokers are launching prop trading divisions. Kudotrade, regulated in Mauritius, launched its proprietary retail trading platform called “Kudo Funded.” The platform offers traders access to capital of up to $200,000 and represents Kudotrade’s entry into the growing proprietary trading sector, joining other traditional financial firms expanding in this area.
Kudo Funded operates on a typical prop trading model. Traders must complete evaluation challenges and demonstrate consistent performance while adhering to risk management rules. Upon qualification, traders receive access to funding programs. The company highlights that qualified traders benefit from “generous profit shares” and guaranteed payouts as part of the program.
Kraken-Owned NinjaTrader enters prop trading
Also eying prop trading, NinjaTrader Group, now owned by Kraken, launched two new proprietary trading platforms—NinjaTrader Prop and Tradovate Prop—under its affiliate NT Technologies.
Among the first to adopt these new platforms are Take Profit Trader, Apex Trader Funding, and MyFunded Futures. The launch marks NinjaTrader Group’s entry into the prop trading business, providing traders with a comprehensive toolkit tailored to every stage of prop trading.
