The retail Forex and CFDs sector saw notable developments this week, marked by increased M&A activity, geographical expansion by brokers, and significant staffing moves. In the wake of the recent acquisitions of OANDA and Saxo Australia, charting tool provider Autochartist has now been sold to oneZero Financial Systems, signaling further consolidation within the industry.
M&A Activity: oneZero Acquires Autochartist
In one of the week’s most significant moves, oneZero Financial Systems announced the acquisition of Autochartist, a leading provider of market data-driven content and client engagement automation tools. The deal, whose financial terms were not disclosed, underscores oneZero’s strategy to expand its trading technology offerings. Autochartist’s founder and CEO, Ilan Azbel, will remain with oneZero in a strategic role following the acquisition.
Doo Group Expands in Cyprus
Singapore-based broker Doo Group is also broadening its geographic reach, with the formal opening of its new office in Limassol, Cyprus. The new office will cater to the group’s growing EU client base, following the company’s licensing by Cyprus’ financial regulator, CySEC. Doo Financial Cyprus will serve as the regional hub for Doo Group’s European and Middle Eastern operations, led by Costas Kappai, the former Executive Director and General Manager of FXPrimus.
Broker Expansion and License Additions
XTB, a global FX and CFDs broker, has secured a new license in Chile, expanding its presence in Latin America. The move comes as part of the broker’s broader strategy to diversify its regional footprint and tap into growing demand in emerging markets.
Staffing Moves and Industry Updates
In addition to these corporate moves, several FX firms have been making headlines for their hiring efforts. CFI, iSAM, eToro, and Saxo Bank have all been actively recruiting, bolstering their teams as they prepare for the challenges of 2025.
Flowbank’s Bankruptcy Update
In other news, FNG received an exclusive update regarding the bankruptcy proceedings of Swiss neobroker FlowBank. The company’s liquidator, Walder Wyss Ltd., provided insight into the ongoing efforts to return client and creditor funds. According to the update, third-class claims are expected to receive only 70-80% of their refunds, as the company works through the liquidation process and deals with its assets, including its stake in FCA-regulated broker London Capital Group (LCG).
These developments reflect the ongoing changes in the retail Forex and CFDs landscape, as M&A activity heats up, brokers expand into new regions, and industry players adjust to shifting market dynamics.
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