FS26/3 holds the line on high-risk retail investment access
FS26/3 keeps UK high-risk promotion gates in place and puts mainstream risk warnings, appropriateness tests and model portfolios on a later timetable.
The Industry Spread
Jakarta Composite to 5,439.26: the BI-Rate hold case
Jakarta Composite base case is 5,439.26 into the next Bank Indonesia decision, using the completed October 28 close of 5,282.31. A close under 4,996.61 ends it.
Jakarta Composite
5,439.26by November 18, 2026
Wrong below4,996.61
Spot at filing5,282.31
Jakarta Composite to 5,439.26: the BI-Rate hold case
Shanghai Composite
3,735.37by November 20, 2026
Wrong below3,574.271
Spot at filing3,651.4337
Shanghai Composite to 3,735.37 on an LPR hold
BIST 100
11,577.12by November 12, 2026
Wrong below10,373.75
Spot at filing11,151.03
BIST 100 to 11,577.12 under a still-tight real rate
KOSPI
6,193.45by November 26, 2026
Wrong below5,305.98
Spot at filing6,016.07
KOSPI to 6,193: the halfway case on the Base Rate
Levels as stated when filed. Not live prices. Analysis, not investment advice.
SEC 4-927: when should a tokenised stock venue check who can trade?
Letters on SEC File 4-927 ask that tokenised stock venues check wallet eligibility at the trade, not only at onboarding, and keep a signed record of each check.
CP26/36 sets the tests for new cryptoasset exclusions
CP26/36 sets the FCA's draft tests for new cryptoasset exclusions before the UK regime begins on October 25, 2027. Comments close on November 18, 2026.
OCC finds debanking policies at nine largest national banks
The OCC's October 14, 2026 report, NR-OCC-2026-90, says all nine largest national banks kept debanking policies through 2025, but it names no civil fine.
FirmWhat we foundFiled
NairaPropPayout rules clash across the site27 OctPropMarket70/30 on the page, zero in the catalogue26 OctClickfundedThe reward buffer and the split25 OctGoat Funded FuturesIntraday floor once funded24 OctMyFundedPerpsFirst payout locks the loss floor23 OctSolana Funded90% on the page, 80% in the docs21 OctIQ Capital90 per cent, 80/20, or 100 per cent20 OctMyForexFundsMyForexFunds sets 23 November, with no rulebook yet19 OctPivexTwo legal names, and no split in the terms18 OctTraderscale24-hour claim, two-day review clock17 OctMixFundedSales cards and the rulebook clash16 OctCK Prop80% split, a 3% cap and the buffer15 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
Hash Hedge review: zero risk against the customer contract
Hash Hedge suits a futures trader who will pay a one-time fee for a simulated crypto and multi-asset evaluation and who treats the funded stage as the firm's capital. It does not suit a buyer who reads Your Capital, Zero Risk as a refund promise or an open-ended seat. The biggest caveat is the paperwork: terms dated 27 October 2026 allow one live cycle then close the account, while the payout guide describes a repeating 14-day withdrawal and a 100 dollar minimum beside a 1 dollar minimum in the contract.
Wealthsimple agrees a C$425 million round led by GIC
Wealthsimple agreed a GIC-led round of up to C$425 million at a C$13.8 billion valuation, with C$300 million of primary capital and a close still ahead.
Falcon Finance calendars disagree on the FF unlock size
Falcon Finance's own tokenomics page lists cliffs and no dated FF count. Tokenomist and DeFiLlama publish different sizes and clocks for the same unlock day.
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 29 October in 2025, 2023, 2022 and 20212025
2023
