Capital.com Collaborates with Amazon

Capital.com’s UAE branch entered into a partnership with Amazon to promote its services in Dubai. As part of the deal, over 500,000 Amazon customers will reportedly receive a Capital.com-branded box. This box will provide customers with an opportunity to enter a raffle for AED 1 million (approximately $272,000).

The partnership marks Capital.com as the first brokerage in the region to collaborate with Amazon. Tarik Chebib, CEO of Capital.com in the Middle East, shared details of the initiative on LinkedIn, highlighting that the branded boxes would be distributed to Amazon customers in Dubai.

NAGA Expands Middle East Market Access

NAGA Group expanded its offerings in the Middle East with stocks listed on the exchanges of the United Arab Emirates and Saudi Arabia. The newly added stocks are being offered under the company’s Abu Dhabi license. The Germany-listed broker highlighted that the new offerings are part of its merger with CAPEX.com, one of the region's leading brokerage platforms.

The merged entities have approximately 1.5 million registered users combined and aim to surpass 5 million by 2025 or 2026. Additionally, they are optimistic about their business performance and expect to generate $250 million in revenue over the next three years, alongside approximately $10 million in annual savings.

EXANTE Targets UAE Market

EXANTE opened a new office in Dubai as part of its expansion plan in the Middle East. Established in the Dubai International Financial Center, the firm will now serve clients in the UAE with access to over 50 global financial markets and a range of instruments on its trading platform.

According to the company, the UAE has become a global financial hub, prompting its entry into the region in search of growth opportunities. The new office in DIFC will now enable the fintech firm to also tap into the region for investment opportunities. EXANTE is regulated in multiple jurisdictions, including the UK, Hong Kong, Cyprus, Malta, and now the UAE.

CFD Popularity in Singapore Declines

Singapore's leverage trading market continues to contract toward pre-pandemic levels yet maintains a significant market presence. 73,000 potential investors still show interest in CFD trading. What is more, 60% of active investors expressed interest in the offerings of proprietary trading firms, confirming the growing importance of this sector in retail trading.

The latest research from Investment Trends reveals that while retail leveraged trader numbers are trending toward pre-pandemic levels, a substantial pool of online cash equities investors maintains an active interest in CFDs. This transition marks a significant shift in trading motivations, with 47% of traders now primarily focused on profiting from specific market events, while leverage remains a crucial factor for 41% of participants.

Prop Firm Announces Closure

Smart Prop Trader, a prop firm offering funded trading accounts, announced it would cease accepting new traders as it prepares to wind down operations by year-end. Although the company promises to introduce a new product, for now, it is just another firm disappearing from the rapidly evolving proprietary trading sector.

“The data highlights an evolving dynamic in Singapore’s leverage trading market,” said Lorenzo Vignati, Associate Research Director at Investment Trends. “While active trader numbers have declined, the interest in CFDs remains significant, driven by sharp pricing and effective decision-support tools. This shift reflects changing trader priorities and signals an opportunity for the market to better meet evolving investor needs.”