FX week in review: Tyson Fury and PSG get CFD broker sponsors, cTrader Store opens, Scope Markets hires

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Which Retail FX and CFDs brokers attached their names as sponsors to boxer Tyson Fury, and French football club PSG?

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What is Spotware’s new cTrader Store all about?

Which senior hires were made by broker Scope Markets, outside of its core European hub?

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

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XTB sponsors Tyson Fury in Oleksandr Usyk rematch bout. Poland based Retail FX and CFDs broker XTB (WSE:XTB) has announced that it is joining forces with Tyson Fury, for a highly anticipated rematch in what promises to be the biggest heavyweight showdown in boxing history. Fury faces Oleksandr Usyk in a rematch of May’s undisputed heavyweight title on December 21 in Riyadh, Saudi Arabia. XTB’s logo will be prominently featured on Fury’s boxing shorts as well as on the outfits of his support team.

PSG gets CFDs sponsor in offshore broker Culture Capital. Asia focused offshore Retail FX and CFDs broker Culture Capital has announced that it has signed with Paris Saint-Germain (PSG) to become an official partner of the club. Culture Capital is a relatively new (founded 2022) online broker, focusing mainly on clients in the Asia-Pacific region. The company (Culture Capital LLC) reports a Dubai office address on its website, but does not state if or where it is licensed.

Spotware launches cTrader Store. Leading trading technology provider Spotware, developer of the cTrader trading platform, has announced that it has launched cTrader Store at website store.ctrader.com. cTrader Store is a dynamic marketplace designed to enable algo creators to monetise their plugins, trading robots, indicators, and Open API apps. The store equips algo developers with a reliable distribution channel, featuring secure transactions, built-in licensing, and access to a global audience, all intended to maximise sellers’ earnings.

Exclusive: FlowBank liquidators repay 91% of secured deposits, LCG still for sale. FNG Exclusive… FNG has learned that Walder Wyss Ltd, liquidator of bankrupt Swiss neobroker / neobank FlowBank, has issued an update to former clients and creditors of the company indicating that it has been successful in returning the vast majority of funds to those clients and creditors. Walder Wyss also said that it is still seeking a potential buyer for London Capital Group (LCG), the FCA regulated FX and CFDs broker that was owned by FlowBank.

Fxview operator Charlgate fined €50K around protection of client funds, order execution. Cyprus financial regulator CySEC has announced that a settlement has been reached with the licensed CIF Charlgate Ltd for possible violations of Investment Services and Activities and Regulated Markets Law of 2017, as amended (“the Law”). Charlgate Ltd operates the Fxview Retail FX and CFDs brokerage brand, at website fxview.com. Charlgate Ltd and Fxview are part of the Finvasia group of companies, controlled by brothers Sarvjeet Singh Virk and Tajinder Virk. Finvasia also owns Retail FX brand AAAFx, social trading platform provider ZuluTrade, and multi-asset trading platform provider ActTrader.