Why brokers aren’t continuously the snide guys
What does dispute resolution in the CFD and retail FX substitute truly search for relish in be aware? FM Intelligence analyzed all 1,468 retail FX and CFD complaints handled by the Financial Payment in 2025. It came upon that brokers were no longer at fault in 94.8% of cases, in accordance to choices by an unbiased panel of 18 consultants. Then again, these outcomes no longer ceaselessly fabricate the same visibility because the complaints themselves.
Disorders relish delayed withdrawals gradually unfold immediate on platforms just like Reddit or review sites, while the final rulings receive a long way less attention. The guidelines also presentations a predicament between claims and staunch payouts. Traders collectively sought $21.4 million, nonetheless most productive $496,304 was awarded.
Most disputes were relatively little, with a median claim of $397.50. Withdrawal delays were the most stylish venture, accounting for 558 cases, but 92.8% were resolved in prefer of brokers, ceaselessly attributable to routine checks, bank processing cases, or bonus phrases in wish to wrongdoing.
XTB tops Polish myth development, scamper slows
Meanwhile, XTB remained the main dealer for Polish myth openings in Could, including Forty eight,226 current accounts, in accordance to knowledge from the Central Securities Depository of Poland (KDPW). This introduced its total to 1,087,740 accounts, more than double the scale of its closest competitor.
Base
Institution
Accounts (Could 2026)
m/m
y/y
1
XTB
1,087,740
+Forty eight,226
+568,909
2
mBank Brokerage
560,967
+5,357
+76,772
3
BM Pekao
210,079
+962
+5,023
4
ING Financial institution Śląski Brokerage
205,897
+955
+8,061
5
DM BOŚ
195,540
+1,087
+17,756
6
BM PKO BP
186,233
+858
+20,189
—
Total market
2,856,520
+59,444
+713,71
Then again, the scamper of development has slowed in contrast to earlier in the year, when the dealer added 68,300 accounts in January and good over 51,000 in February.
Monthly additions fell below 50,000 in April, the same month XTB surpassed the 1 million myth impress. Regardless of the slowdown, XTB continues to widen its lead over competitors. mBank’s brokerage arm, the second-ideal player, reached 560,967 accounts after including 5,357 in Could. BM Pekao adopted with 210,079 accounts, while ING Financial institution Śląski’s brokerage unit held 205,897, leaving a valuable gap between XTB and the rest of the market.
eToro eyes wealth-tech deals, weighs banking licence
In the fintch place, eToro is exploring acquisitions as it appears to be like to magnify its wealth-tech offering. CEO Yoni Assia confirmed that the corporate is in talks to aquire two companies, one in america and one other in a squawk market. Talking to the Financial Occasions, Assia said eToro is working with funding bankers on the in all probability deals. The corporate, which went public remaining year, also confirmed to Finance Magnates that it is miles reviewing several alternatives nonetheless authorized that discussions are quiet at an early stage.
Assia described eToro as “very acquisitive,” including that pursuing deals was no doubt one of many motivations in the aid of its list. While no particulars on deal size were disclosed, he said the corporate is focusing on companies that would possibly perchance perchance per chance make stronger its wealth offering and aid global expansion, severely in the US. To boot to, eToro is brooding about applying for a banking licence as fragment of a broader push into the payments place.
Axi enters Mauritius with seller licence
Amid growing dealer passion in Mauritius as an offshore hub, Axi expanded its regulatory footprint by securing a local license. The approval allows the corporate to feature as a full-service funding seller in the plot. Axi Markets Mauritius was granted a Class SEC-2.1B Funding Provider license on Could 14, 2026.
The authorization, confirmed to Finance Magnates by an organization consultant, permits the firm to provide full-service seller activities, as an alternative of underwriting. The dealer holds a pair of licenses globally, including authorization from the UK Financial Behavior Authority for its London operations.
Brokers are no longer the ideal ones eyeing Mauritius, as proprietary trading companies are more and more following suit. Prop trading companies that moved to the Comoros after MetaQuotes tightened white-label tips in early 2024 are truly spirited against Mauritius. Firms just like FundingPips, FundedNext (thru FNmarkets), Hola Prime, and Finotive Markets maintain just recently secured licenses from the Mauritius Financial Services and products Payment (FSC), with several now working their brokerage products and companies from there in wish to the Comoros.
The sooner scamper to the Comoros was largely driven by necessity, as companies sought ways to aid catch entry to to MetaTrader platforms after restrictions disrupted their devices. Then again, licenses issued in the Comoros maintain faced credibility issues.
Robinhood to lower 10% of group
Layoffs throughout monetary companies mark little signal of slowing. Robinhood plans to lower about 10% of its full-time group, impacting roughly 290 employees, as fragment of a restructuring effort geared against making improvements to efficiency. The scamper comes despite solid trading job, including high inquire for its prediction markets, which seen 8.8 billion match contracts traded in the precious quarter of 2026.
Shopping and selling platform Robinhood cuts 10% of group to flatten management layers https://t.co/wdvMsO7vWy
— CNBC (@CNBC) June 16, 2026
Per Reuters, the layoffs are intended to simplify the corporate’s constructing and lower management layers. CEO Vlad Tenev said the purpose is to speed up decision-making and steer obvious of working with too many layers of management, even because the commercial continues to construct strongly.
“It is in all probability you’ll perchance be ready to’t grow by reducing”: Trieu on AI in finance
As AI adoption quickens throughout finance, questions are growing about its impact on jobs and profession paths. Huy Nguyen Trieu, co-founder of the Centre for Finance, Skills and Entrepreneurship (CFTE), argues that the time interval “Synthetic Intelligence” no longer fits, because the gap between human and machine capabilities has narrowed severely.
He prefers “Digital Intelligence,” noting that technology can now tackle advanced duties relish drafting ethical briefs or constructing trading platforms. As adoption grows, the monetary substitute is more and more questioning what this means for dilapidated profession paths, severely as some retail brokers maintain already linked AI to most in model layoffs.
In 2026, more companies are pointing to AI as a clarification for reducing group, even supposing there is rising skepticism that automation is incessantly aged to interpret label reductions and pork up monetary optics. Trieu believes this shows a deeper venture, where companies level of curiosity on reducing headcount in wish to utilizing AI to pressure development. He argues that treating employees mainly as a label centre risks limiting the broader alternatives AI would possibly perchance perchance per chance carry to the artificial.
Where trim money finds price
Miniature- and mid-cap shares live among the least successfully priced areas of world equity markets, organising alternatives for active traders to fetch undervalued companies. It is widely authorized that fragment prices produce no longer continuously replicate an organization’s appropriate price, which allows traders to target companies with solid long-time interval development in all probability.
MARKET RECAP 📉 What a wild and loopy day, the S&P 500 was up in morning nonetheless closed the day down 1.2%, shedding round $1 trillion in market cap 😳
The Fed left passion charges unchanged, as expected.
What the heck is happening??! Let’s talk about it 🗣️ https://t.co/xm4C82iTbG pic.twitter.com/5WqLms6cfw
— Peter Tuchman (@EinsteinoWallSt) June 17, 2026
To name such alternatives, traders converse a unfold of metrics, including examining income streams, specializing in companies that would possibly perchance perchance maintain the income of substitute shifts, and spotting these positioned for earnings development. As an illustration, Constancy Global’s Global Future Leaders approach starts with a universe of about 1,000 little- and mid-cap companies and filters out these with heart-broken ESG ratings sooner than selecting in all probability investments.
Tokenized SpaceX bets on four crypto exchanges tumble short
SpaceX’s long-awaited market debut has exposed cracks in the promise of tokenized equities. Loads of crypto platforms maintain promoted tokenization as a capability to disrupt dilapidated inventory markets, nonetheless the most in model cancellation of tokenized SpaceX fragment offerings highlights its boundaries when the underlying asset is unavailable.
Binance, Bybit, Bitget Pockets, and MEXC all withdrew their tokenized IPO campaigns and refunded customers after failing to steady the particular shares in the aid of the tokens.
On June 12, the same day SpaceX began trading on Nasdaq below the ticker SPCX, the platforms confirmed that xStocks, the provider to blame for sourcing the shares, couldn’t bring the allocations. Bybit said it got no shares, Binance pointed to circumstances past its preserve a watch on, while Bitget Pockets and MEXC also cited an absence of accessible allocation, main all four to extinguish their offerings and return funds to subscribers.
Binance vows dedication to MiCA licence as EU exit likelihood looms
Binance faces the likelihood of shedding catch entry to to the European Union market as a key regulatory decision approaches below the EU’s current MiCA regime. If the crypto alternate would no longer steady approval, it will no longer be ready to aid customers throughout the bloc beginning next month. Sources cited by Reuters converse Greece’s Hellenic Capital Market Payment is expected to reject Binance’s MiCA licence application.
Beneath MiCA, crypto companies need to produce authorization from a national regulator by the slay of June to proceed working EU-wide. Binance has said it engaged with the Greek regulator in appropriate faith and believes its application meets the precious standards.
Perps hit $61.7 trillion
At the same time, perpetual futures recorded $61.7 trillion in trading quantity remaining year, in accordance to Reuters, making them an more and more essential product for the artificial. For brokers, offering perps scheme handling continuous funding payments, margin and liquidation mechanisms, listing routing, and compliance for an instrument that trades 24/7.
A perpetual future provides traders long or short exposure to an asset and not utilizing a mounted expiry date, so positions can live start as long as margin requirements are met. The product began with crypto resources relish bitcoin and ether, nonetheless brokers are truly extending the same no-expiry, leveraged constructing to FX pairs, equities, metals, and even pre-IPO markets, bringing perps into channels they already aid.
CME sues CFTC in high-stakes perps clash
Outgoing CME Neighborhood CEO Terrence Duffy says the alternate will file a federal lawsuit against the US Commodity Futures Shopping and selling Payment (CFTC) over its decision to approve crypto perpetual futures in america. He informed CNBC’s Immediate Cash that the case will namely converse the CFTC’s slack-Could authorization of Kalshi’s BTCPERP contract, the precious regulated crypto perpetual futures product in US markets, alongside side a associated no-motion letter granted to Coinbase.
Duffy, who would perchance be preparing to step down from his role as CME’s chief executive, criticized the CFTC’s handling of the approval process. He argued that the regulator moved too immediate and bypassed what he describes as a valuable full review for products it has classified as “new and intricate.”
Meanwhile, Kalshi’s current crypto perpetual futures maintain generated more than $5.5 billion in trading quantity in their first two weeks, making them the corporate’s fastest-growing product originate to this level. The rollout marks a shift from Kalshi’s fresh level of curiosity on match contracts linked to politics, sports, and other right-world outcomes against a broader cut of the derivatives market on its CFTC-regulated alternate.
Highlights from the iFX EXPO Global 2026
Lastly, the iFX EXPO Global 2026, held at Metropolis of Dreams Mediterranean, entered its final day on Thursday. The match gathered brokers, fintech companies, liquidity and price providers, technology distributors, and other stakeholders from throughout the safe trading substitute.
Interestingly, the Seychelles Financial Services and products Authority was also exhibiting at the match, promoting its offshore regulatory regime straight to brokers and other substitute individuals.
Why brokers aren’t continuously the snide guys
What does dispute resolution in the CFD and retail FX substitute truly search for relish in be aware? FM Intelligence analyzed all 1,468 retail FX and CFD complaints handled by the Financial Payment in 2025. It came upon that brokers were no longer at fault in 94.8% of cases, in accordance to choices by an unbiased panel of 18 consultants. Then again, these outcomes no longer ceaselessly fabricate the same visibility because the complaints themselves.
Disorders relish delayed withdrawals gradually unfold immediate on platforms just like Reddit or review sites, while the final rulings receive a long way less attention. The guidelines also presentations a predicament between claims and staunch payouts. Traders collectively sought $21.4 million, nonetheless most productive $496,304 was awarded.
Most disputes were relatively little, with a median claim of $397.50. Withdrawal delays were the most stylish venture, accounting for 558 cases, but 92.8% were resolved in prefer of brokers, ceaselessly attributable to routine checks, bank processing cases, or bonus phrases in wish to wrongdoing.
XTB tops Polish myth development, scamper slows
Meanwhile, XTB remained the main dealer for Polish myth openings in Could, including Forty eight,226 current accounts, in accordance to knowledge from the Central Securities Depository of Poland (KDPW). This introduced its total to 1,087,740 accounts, more than double the scale of its closest competitor.
Base
Institution
Accounts (Could 2026)
m/m
y/y
1
XTB
1,087,740
+Forty eight,226
+568,909
2
mBank Brokerage
560,967
+5,357
+76,772
3
BM Pekao
210,079
+962
+5,023
4
ING Financial institution Śląski Brokerage
205,897
+955
+8,061
5
DM BOŚ
195,540
+1,087
+17,756
6
BM PKO BP
186,233
+858
+20,189
—
Total market
2,856,520
+59,444
+713,71
Then again, the scamper of development has slowed in contrast to earlier in the year, when the dealer added 68,300 accounts in January and good over 51,000 in February.
Monthly additions fell below 50,000 in April, the same month XTB surpassed the 1 million myth impress. Regardless of the slowdown, XTB continues to widen its lead over competitors. mBank’s brokerage arm, the second-ideal player, reached 560,967 accounts after including 5,357 in Could. BM Pekao adopted with 210,079 accounts, while ING Financial institution Śląski’s brokerage unit held 205,897, leaving a valuable gap between XTB and the rest of the market.
eToro eyes wealth-tech deals, weighs banking licence
In the fintch place, eToro is exploring acquisitions as it appears to be like to magnify its wealth-tech offering. CEO Yoni Assia confirmed that the corporate is in talks to aquire two companies, one in america and one other in a squawk market. Talking to the Financial Occasions, Assia said eToro is working with funding bankers on the in all probability deals. The corporate, which went public remaining year, also confirmed to Finance Magnates that it is miles reviewing several alternatives nonetheless authorized that discussions are quiet at an early stage.
Assia described eToro as “very acquisitive,” including that pursuing deals was no doubt one of many motivations in the aid of its list. While no particulars on deal size were disclosed, he said the corporate is focusing on companies that would possibly perchance perchance per chance make stronger its wealth offering and aid global expansion, severely in the US. To boot to, eToro is brooding about applying for a banking licence as fragment of a broader push into the payments place.
Axi enters Mauritius with seller licence
Amid growing dealer passion in Mauritius as an offshore hub, Axi expanded its regulatory footprint by securing a local license. The approval allows the corporate to feature as a full-service funding seller in the plot. Axi Markets Mauritius was granted a Class SEC-2.1B Funding Provider license on Could 14, 2026.
The authorization, confirmed to Finance Magnates by an organization consultant, permits the firm to provide full-service seller activities, as an alternative of underwriting. The dealer holds a pair of licenses globally, including authorization from the UK Financial Behavior Authority for its London operations.
Brokers are no longer the ideal ones eyeing Mauritius, as proprietary trading companies are more and more following suit. Prop trading companies that moved to the Comoros after MetaQuotes tightened white-label tips in early 2024 are truly spirited against Mauritius. Firms just like FundingPips, FundedNext (thru FNmarkets), Hola Prime, and Finotive Markets maintain just recently secured licenses from the Mauritius Financial Services and products Payment (FSC), with several now working their brokerage products and companies from there in wish to the Comoros.
The sooner scamper to the Comoros was largely driven by necessity, as companies sought ways to aid catch entry to to MetaTrader platforms after restrictions disrupted their devices. Then again, licenses issued in the Comoros maintain faced credibility issues.
Robinhood to lower 10% of group
Layoffs throughout monetary companies mark little signal of slowing. Robinhood plans to lower about 10% of its full-time group, impacting roughly 290 employees, as fragment of a restructuring effort geared against making improvements to efficiency. The scamper comes despite solid trading job, including high inquire for its prediction markets, which seen 8.8 billion match contracts traded in the precious quarter of 2026.
Shopping and selling platform Robinhood cuts 10% of group to flatten management layers https://t.co/wdvMsO7vWy
— CNBC (@CNBC) June 16, 2026
Per Reuters, the layoffs are intended to simplify the corporate’s constructing and lower management layers. CEO Vlad Tenev said the purpose is to speed up decision-making and steer obvious of working with too many layers of management, even because the commercial continues to construct strongly.
“It is in all probability you’ll perchance be ready to’t grow by reducing”: Trieu on AI in finance
As AI adoption quickens throughout finance, questions are growing about its impact on jobs and profession paths. Huy Nguyen Trieu, co-founder of the Centre for Finance, Skills and Entrepreneurship (CFTE), argues that the time interval “Synthetic Intelligence” no longer fits, because the gap between human and machine capabilities has narrowed severely.
He prefers “Digital Intelligence,” noting that technology can now tackle advanced duties relish drafting ethical briefs or constructing trading platforms. As adoption grows, the monetary substitute is more and more questioning what this means for dilapidated profession paths, severely as some retail brokers maintain already linked AI to most in model layoffs.
In 2026, more companies are pointing to AI as a clarification for reducing group, even supposing there is rising skepticism that automation is incessantly aged to interpret label reductions and pork up monetary optics. Trieu believes this shows a deeper venture, where companies level of curiosity on reducing headcount in wish to utilizing AI to pressure development. He argues that treating employees mainly as a label centre risks limiting the broader alternatives AI would possibly perchance perchance per chance carry to the artificial.
Where trim money finds price
Miniature- and mid-cap shares live among the least successfully priced areas of world equity markets, organising alternatives for active traders to fetch undervalued companies. It is widely authorized that fragment prices produce no longer continuously replicate an organization’s appropriate price, which allows traders to target companies with solid long-time interval development in all probability.
MARKET RECAP 📉 What a wild and loopy day, the S&P 500 was up in morning nonetheless closed the day down 1.2%, shedding round $1 trillion in market cap 😳
The Fed left passion charges unchanged, as expected.
What the heck is happening??! Let’s talk about it 🗣️ https://t.co/xm4C82iTbG pic.twitter.com/5WqLms6cfw
— Peter Tuchman (@EinsteinoWallSt) June 17, 2026
To name such alternatives, traders converse a unfold of metrics, including examining income streams, specializing in companies that would possibly perchance perchance maintain the income of substitute shifts, and spotting these positioned for earnings development. As an illustration, Constancy Global’s Global Future Leaders approach starts with a universe of about 1,000 little- and mid-cap companies and filters out these with heart-broken ESG ratings sooner than selecting in all probability investments.
Tokenized SpaceX bets on four crypto exchanges tumble short
SpaceX’s long-awaited market debut has exposed cracks in the promise of tokenized equities. Loads of crypto platforms maintain promoted tokenization as a capability to disrupt dilapidated inventory markets, nonetheless the most in model cancellation of tokenized SpaceX fragment offerings highlights its boundaries when the underlying asset is unavailable.
Binance, Bybit, Bitget Pockets, and MEXC all withdrew their tokenized IPO campaigns and refunded customers after failing to steady the particular shares in the aid of the tokens.
On June 12, the same day SpaceX began trading on Nasdaq below the ticker SPCX, the platforms confirmed that xStocks, the provider to blame for sourcing the shares, couldn’t bring the allocations. Bybit said it got no shares, Binance pointed to circumstances past its preserve a watch on, while Bitget Pockets and MEXC also cited an absence of accessible allocation, main all four to extinguish their offerings and return funds to subscribers.
Binance vows dedication to MiCA licence as EU exit likelihood looms
Binance faces the likelihood of shedding catch entry to to the European Union market as a key regulatory decision approaches below the EU’s current MiCA regime. If the crypto alternate would no longer steady approval, it will no longer be ready to aid customers throughout the bloc beginning next month. Sources cited by Reuters converse Greece’s Hellenic Capital Market Payment is expected to reject Binance’s MiCA licence application.
Beneath MiCA, crypto companies need to produce authorization from a national regulator by the slay of June to proceed working EU-wide. Binance has said it engaged with the Greek regulator in appropriate faith and believes its application meets the precious standards.
Perps hit $61.7 trillion
At the same time, perpetual futures recorded $61.7 trillion in trading quantity remaining year, in accordance to Reuters, making them an more and more essential product for the artificial. For brokers, offering perps scheme handling continuous funding payments, margin and liquidation mechanisms, listing routing, and compliance for an instrument that trades 24/7.
A perpetual future provides traders long or short exposure to an asset and not utilizing a mounted expiry date, so positions can live start as long as margin requirements are met. The product began with crypto resources relish bitcoin and ether, nonetheless brokers are truly extending the same no-expiry, leveraged constructing to FX pairs, equities, metals, and even pre-IPO markets, bringing perps into channels they already aid.
CME sues CFTC in high-stakes perps clash
Outgoing CME Neighborhood CEO Terrence Duffy says the alternate will file a federal lawsuit against the US Commodity Futures Shopping and selling Payment (CFTC) over its decision to approve crypto perpetual futures in america. He informed CNBC’s Immediate Cash that the case will namely converse the CFTC’s slack-Could authorization of Kalshi’s BTCPERP contract, the precious regulated crypto perpetual futures product in US markets, alongside side a associated no-motion letter granted to Coinbase.
Duffy, who would perchance be preparing to step down from his role as CME’s chief executive, criticized the CFTC’s handling of the approval process. He argued that the regulator moved too immediate and bypassed what he describes as a valuable full review for products it has classified as “new and intricate.”
Meanwhile, Kalshi’s current crypto perpetual futures maintain generated more than $5.5 billion in trading quantity in their first two weeks, making them the corporate’s fastest-growing product originate to this level. The rollout marks a shift from Kalshi’s fresh level of curiosity on match contracts linked to politics, sports, and other right-world outcomes against a broader cut of the derivatives market on its CFTC-regulated alternate.
Highlights from the iFX EXPO Global 2026
Lastly, the iFX EXPO Global 2026, held at Metropolis of Dreams Mediterranean, entered its final day on Thursday. The match gathered brokers, fintech companies, liquidity and price providers, technology distributors, and other stakeholders from throughout the safe trading substitute.
Interestingly, the Seychelles Financial Services and products Authority was also exhibiting at the match, promoting its offshore regulatory regime straight to brokers and other substitute individuals.
