Last Week Recap: FTMO Returns to U.S.; FXCM Reports Loss; Updates of FYNXT and Centroid; FX Regulation in Ghana

Fazzaco continued extensively covering the latest trends in forex, crypto, fintech, and prop trading last week. The below is the selected highlights of last week.

Court Grants TRO Against Former Fidelity Vice President

A federal judge in Illinois has granted a temporary restraining order (TRO) against Adam Ritter, a former Vice President and Financial Consultant at Fidelity Brokerage Services LLC, in a dispute over client information and solicitation.

FTMO Resumes U.S. Access via OANDA Partnership

FTMO, the Czech-based proprietary trading firm known for its simulated trading challenges and educational programs, has returned to the U.S. market through a new partnership with OANDA, a U.S.-regulated broker.

The collaboration enables American residents to access FTMO's training tools, including its simulated trading environment and the FTMO Rewards Account, which provides incentives based on trading performance. All services remain non-financial and educational, with no real-money trading involved.

FXCM UK Narrowed Annual Loss Despite Lower Trading Volumes in 2024

Stratos Markets Limited, which operates the FXCM UK brand under Financial Conduct Authority (FCA) regulation, reported a modest revenue turnaround in 2024 after recording a positive turnover of $103,606, compared with a $1.68 million loss in the prior year.

FYNXT Relaunches Contest Manager for Smarter Broker Acquisition

FYNXT, a leading global fintech solutions provider for the FX/CFD industry, has officially relaunched its advanced Contest Manager. This marks a significant step forward in empowering brokers and Introducing Brokers (IBs) with a fully integrated, results-driven platform designed to transform trading contests into high-performance acquisition, engagement, and retention channels.

One World Markets Partners with Centroid Solutions to Enhance Brokerage Operations

One World Markets, also known as OW Markets, a fast-growing multi-asset global brokerage, has announced its partnership with Centroid Solutions, a leading technology provider in the financial industry. This strategic step underscores OW Markets’ commitment to delivering a superior trading experience for its clients while expanding its business to offer unique liquidity solutions to financial institutions.

Ghana Eyes New Regulatory Hub in West Africa​

Last month, Ghana's Securities and Exchange Commission (SEC) took a decisive step toward reshaping the country's retail forex landscape. Acting Deputy Director-General Mensah Thompson revealed during an event with the Ghana Journalists Association that the regulator is fast-tracking guidelines for forex trading. According to him, Ghana will soon begin licensing domestic forex brokers and introduce a "short code" system that allows the public to verify licensed firms with ease.