VT Markets Achieves Record $720B Trading Volume in April 2025

Broker News

Curious about what’s shaking up the brokerage world? From executive moves to revenue shocks and expansion plays, we’ve rounded up this week’s most explosive broker news to keep you informed and ahead of the curve.

1. NAGA’s Q1 2025: Revenue Climbs 7% to €16.4M, But EBITDA Halves to €1M

NAGA Group AG reported a 7% year-over-year revenue increase in Q1 2025, reaching €16.4 million. However, EBITDA dropped over 50% to €1 million, with the margin falling to 6%. The company also saw a 17% decline in new registered users, totaling 73,902 for the quarter. 

2. Clear Street Launches Outsourced Trading Desk, Recruits Former UBS Executives

Clear Street has initiated a new outsourced trading platform, appointing Morgan Ralph, formerly of UBS, as Head of Outsourced Trading. The platform aims to serve hedge funds, asset managers, and family offices seeking enhanced trading efficiency. 

3. Hong Kong SFC Warns Against Phishing Scams Impersonating Brokers

The Securities and Futures Commission (SFC) of Hong Kong has cautioned the public about phishing text messages that mimic licensed brokers, leading to unauthorized transactions. The regulator advises against clicking on suspicious links and urges verification of broker communications. 

4. FundedNext Transitions to Brokerage, Seeks Licenses in Dubai and Mauritius

Proprietary trading firm FundedNext is entering the brokerage space with the launch of FNmarkets. Currently authorized in Comoros, the firm has applied for licenses in Mauritius and from the Dubai Financial Services Authority, aiming to expand its regulatory footprint. 

5. XTB Co-Founder Sells $194M Worth of Shares, Reducing Stake to 35.78%

Jakub Zablocki, co-founder of XTB, sold 9.4 million shares at PLN 78 each, totaling approximately $194 million. This transaction reduces his stake in the company to 35.78%, down from 43.78%. 

6. eToro Partners with Generali to Offer Retirement and Insurance Products in France

eToro has established a French subsidiary and partnered with Generali to provide life insurance and retirement savings plans, including the Plan d’Épargne Retraite (PER), marking its expansion into the French long-term investment market. 

7. iForex Plans London Stock Exchange Listing in Late June 2025

CFDs broker iForex intends to go public on the main market of the London Stock Exchange in late June 2025. Eyal Carmon will remain the majority shareholder post-listing.

8. Capital.com’s Q1 2025 Trading Volume Hits $656B, 53% from Middle East Traders

Capital.com reported $656 billion in client trading volumes for Q1 2025, with 53% attributed to traders from the Middle East. The platform executed 48 million trades during the quarter, a 23% increase over the previous period. 

9. VT Markets Achieves Record $720B Trading Volume in April 2025

VT Markets experienced its highest-ever monthly trading volume in April 2025, reaching $720 billion. The surge is attributed to increased global market volatility. 

10. FxPro UK’s 2024 Trading Volume Soars 70% to $80B Amid Market Volatility

FxPro UK’s trading volume rose 70% year-over-year in 2024, totaling $80 billion. The increase is largely due to heightened market volatility stemming from geopolitical tensions, notably the Gaza-Israel conflict.