CJA 1993 and UK MAR still split the insider-dealing case
October 13, 2026 arrests do not decide guilt. UK insider dealing still splits between section 52 of the Criminal Justice Act 1993 and Article 14 of UK MAR.
The Industry Spread
LME tin to $51,000 by the January 15, 2027 prompt date
LME tin cash settled at $50,100 on October 15, 2026. The base case is $51,000 by the January 15, 2027 prompt. A cash settlement below $49,550 breaks the call.
LME tin
$51,000by January 15, 2027
Wrong below$49,550
Spot at filing$50,100
LME tin to $51,000 by the January 15, 2027 prompt date
USD/PEN
3.3500by November 12, 2026
Wrong above3.4520
Spot at filing3.4279
USD/PEN to 3.3500 by November 12: the surplus case
Nikkei 225
66,200by October 30, 2026
Wrong below64,092.74
Spot at filing64,425.95
Nikkei 225 to 66,200 by October 30: the BOJ retrace
LME copper
$14,635by January 14, 2027
Wrong above$14,822
Spot at filing$14,751
LME copper to $14,635 by January 14, 2027: premium fades
Levels as stated when filed. Not live prices. Analysis, not investment advice.
NFL tells the Supreme Court sports contracts are gambling
The NFL told the Supreme Court on October 8, 2026 that sports event contracts are gambling, not swaps, in New Jersey's ungranted petition, No. 26-299.
What is a broker: the licence test the SEC left standing
What is a broker remains the Exchange Act test for effecting transactions for other people. The SEC order of September 17, 2026 did not waive section 3(a)(4).
CASS 7: how a UK CFD broker segregates client money
CASS 7 requires a UK CFD broker to segregate client money on statutory trust, reconcile it each business day and cap deposits with a group bank at 20%.
FirmWhat we foundFiled
CK Prop80% split, a 3% cap and the buffer15 OctCarrot Funding80% split, contract says simulated14 OctFundedRight80% reward and a Vanuatu operator13 OctInsaneFundingAn 80% split that starts at 50/5012 OctVest CapitalProp terms call accounts simulated11 OctOrbit Funded1:1 reward rule reset a payout10 OctWenCrypto80% split, first payout capped at 6%9 OctWhat is a funded accountWhat is a funded account: simulated capital, not yours8 OctFunded Academy12-hour reward vs a 24-hour FAQ7 OctCMC FundedThe payout policy is not published6 OctTradersYardPayout caps and the 50% profit gate5 OctAlpine FundedThe payout that waits for a third withdrawal4 Oct
About these reviews. The Industry Spread reviews prop firms independently. Firms do not pay for reviews and cannot see them before publication. The Industry Spread has no affiliate or referral relationship with the firms covered.
Reviews by Abdelaziz Fathi
MixFunded review: sales cards and the rulebook clash
MixFunded suits a forex trader who reads past the $5 card and accepts a simulated account paid in USDT. It does not suit anyone who needs one drawdown figure, live capital, or a split fixed where the homepage puts it. The caveat is contradiction. On 16 October 2026 the challenges table, the drawdown FAQ, the rulebook and the terms did not agree on loss limits, copy trading or the split. The £517K total is the firm's own figure, and Mix Analytics Ltd has filed no accounts.
Aeon says Pepkor's Shop2Shop deal needed a shareholder vote
Aeon says Pepkor's Shop2Shop merger needed a shareholder vote. The July SENS classes the R21.3 billion FintechCo deal as Category 2, so none was required.
Tether Capital invests in AIsa without a stated size
Tether Capital invested in AIsa on October 15 and did not price the stake.
VT Markets takes best gold trading platform at FinanceFeeds Awards
VT Markets has won Best Gold Trading Platform at the FinanceFeeds Awards 2026, capping a January in which it reported $1.5 trillion in gold turnover.
Axcera Takes Three FinanceFeeds Awards for Prop Tech
Axcera has won three FinanceFeeds Awards 2026 across prop trading technology, infrastructure and multi-asset solutions.
The Broker Back Office Becomes One Data Layer
The constraint on most brokerages is not strategy but infrastructure that cannot pass data between functions.
Rick Steves
Rick Steves has seen business and economics through many lenses.
Abdelaziz Fathi
Abdelaziz Fathi covers the intersection of forex/CFD brokerage, regulation, liquidity, fintech, and digital assets.
Karthik Subramanian
Karthik Subramanian is a founder, writer, and technology consultant with nine years in the crypto ecosystem.
Also filed
From the archive
Filed around 16 October in 2025, 2023, 2022 and 20212025
2023
