FX and CFD weekly roundup: Prop Firm Match, Binance hack details

Prop Firm Match addressed retail traders and prop firm partners this week after a competitor released a video showing irregularities with cookie stuffing affiliate links on propfirmmatch.com. The site also faced questions about the broker profiles listed on its platform, following a period where it worked to prevent prop firm advertisers from leaving before issuing a public statement on the matter.

Corporate expansions, products and investigations

Capital.com entered the Singapore market after its local entity, Capital Com Securities (Singapore) Pte. Ltd., secured a Capital Markets Services license from the Monetary Authority of Singapore. Capital.com appointed former IG Asia leader Tony Lim as Chief Executive Officer and Executive Director of the Singapore unit.

Trading technology provider Spotware Systems launched cAntifraud, an artificial intelligence tool designed to detect fraud for foreign exchange and contract for difference brokers as well as proprietary trading firms. Spotware said the system aims to hold fraud under 0.08% of turnover, using a shared network where participating companies pool intelligence and risk signals.

Broker eToro agreed to purchase Argentine financial app LB Finanzas. The acquired firm operates a platform covering equities, exchange-traded funds, cryptocurrencies, money market funds, and payment services with accounts in Argentine pesos and United States dollars.

Cryptocurrency exchange Binance published initial findings from an internal inquiry into a recent $6.3 billion hack. Binance stated the intruders used several methods together, including fake job interviews for social engineering, malicious software downloads, compromised internal artificial intelligence tools, endpoint compromises, and an advanced transaction-authorization method.

Europol reported that police authorities in Albania, Cyprus, Finland, Germany, Israel, Kosovo and North Macedonia carried out a joint operation supported by Europol and Eurojust against a 4 million euro trading platform call center scam. Authorities arrested seven suspects and seized more than 100 servers on Nov. 3, 2026, targeting an operation with potential victims across more than 50 nations.

Senior industry appointments and departures

Former Crypto.com United Arab Emirates President Mohammed Al Hakim joined MultiBank as Vice Chairman, serving as second-in-command to Chairman and controlling shareholder Naser Taher while leading the broker's MB.io cryptocurrency unit. Senior staff also left FXCM following its sale to Trade Nation in the United Kingdom and AvaTrade in other jurisdictions.

Other leadership changes across the sector included:

• Former FXCM Chief Compliance Officer Joanna Wilcox moved to OANDA.
• StoneX Trading head Alastair Hine departed the firm, which covers FOREX.com and City Index.
• Former Taurex Head of Asia Dennis Yeh joined ACY.
• Former GTCFX executive Hanna Le returned to XS.com to lead operations in Vietnam.
• Mohamed Elsergany became Chief Executive Officer for the Middle East and North Africa at Exclusive Markets.
• Former Advanced Markets and BidX institutional sales staff member James Roddy joined Spotex.
• Former GS Securities Chief Executive Officer Zuzana Hashemi moved to Epic Markets.
• Josh Fieldhouse joined IC as Global Head of Sales and Partnerships.
• Former Wintrado Chief Executive Officer Yossi Gafni moved to JFD Brokers.
• Deepak Stephen joined Avora Markets as Managing Partner and Chief Strategy Officer.