Retail FX and CFDs broker Accuindex has appointed seasoned industry executive Nael Saleh as its new Chief Executive Officer (CEO). Saleh, who previously led MENA Sales at MultiBank from 2020 to 2023, steps into the role previously held by company founder Hasan Al Aqqad since 2020. The leadership transition signals a strategic move for Accuindex as it looks to strengthen its position in the market.
OneRoyal Partners with Diego Forlán as Brand Ambassador
Retail FX and CFDs broker OneRoyal has named Uruguayan football icon Diego Forlán as its latest Brand Ambassador. Recognized as one of the most prolific forwards of his era, the 45-year-old Forlán boasts two Pichichi Trophy wins and two European Golden Shoe awards. This partnership underscores OneRoyal’s commitment to enhancing its brand recognition through high-profile endorsements.
Edgewater Markets Integrates with Gold-i for Enhanced Liquidity Solutions
Leading non-bank gold liquidity provider Edgewater Markets has announced a strategic integration with Gold-i, a premier technology provider in the financial sector. This collaboration links Edgewater’s high-speed trading infrastructure and white-label solutions with Gold-i’s MatrixNET platform, offering Gold-i clients seamless access to top-tier Precious Metal liquidity, FX, and NDFs. The integration aims to optimize liquidity distribution and enhance trading efficiency.
TriumphFX Investment Scam Costs Malaysian Investors $5.4M
Malaysian authorities have reported losses exceeding MYR 23.7 million (USD $5.4 million) due to an investment scam linked to Retail FX and CFDs broker TriumphFX. According to the New Straits Times, Malaysia’s Federal Commercial Crime Investigation Department has received 72 police reports as of February 24, detailing how victims were lured into the scheme through Zoom-based promotions. Investigations are ongoing as authorities work to dismantle the fraudulent operation.
These developments highlight significant shifts within the FX and CFDs landscape, from leadership changes and brand expansions to technological advancements and regulatory crackdowns.
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