GC26/7 says DeFi use does not rewrite SYSC 15A rules
Guidance consultation GC26/7 tells in-scope FCA firms that DeFi use does not rewrite SYSC 15A, SYSC 6 or the MLRs. Comments close on November 18, 2026.
The Industry Spread
Vegafin lines up Rs 1,000 crore for a Bizloan stake
Vegafin lined up to Rs 1,000 crore from Premji Invest, Norwest and Lok Capital for a majority of Bizloan. The NBFC stake still awaits Reserve Bank approval.
CAD/CHF
0.5936by December 9, 2026
Wrong below0.5800
Spot at filing0.58648
CAD/CHF to 0.5936 by the December 9 Bank of Canada fix
SGD/JPY
122.45by October 30, 2026
Wrong above123.89
Spot at filing122.83
SGD/JPY to 122.45 by the October 30 BOJ outlook
WIG20
4,199.79by November 4, 2026
Wrong above4,267.00
Spot at filing4,267.00
WIG20 slips to 4,199.79 by the November 4 decision
USD/EGP
54.3286by October 27, 2026
Wrong above54.6086
Spot at filing54.4686
USD/EGP to 54.3286 by 27 October: the buy-rate case
Levels as stated when filed. Not live prices. Analysis, not investment advice.
ESMA shrinks the list for delaying inside information
ESMA's October 16, 2026 final report revises when an EU issuer may delay inside information under MAR. The UK still uses the older mislead-the-public test.
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.
ASIC tests a 10-year CFD product intervention order extension
ASIC's CS 64 asks whether the CFD product intervention order should run until 2037. Comments close at 5 pm AEDT on November 9, 2026, after a four-week window.
FirmWhat we foundFiled
Solana 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 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 OctWenCrypto80% split, first payout capped at 6%9 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
MyFundedPerps review: first payout locks the loss floor
MyFundedPerps suits a trader who wants one step, no consistency rule and a daily payout request, inside a 3% to 6% static loss limit. It does not suit anyone who needs live capital, funded news trading, or more than $100,000 in lifetime withdrawals. The biggest caveat is the first payout on Select, Prime and Signature: the loss floor locks to the starting balance, and taking all the profit leaves no room for the next loss. Elite does not use that lock. The firm publishes no audited payout total.
Vegafin lines up Rs 1,000 crore for a Bizloan stake
Vegafin lined up to Rs 1,000 crore from Premji Invest, Norwest and Lok Capital for a majority of Bizloan.
HoneyB raises $5 million to build a bitcoin income layer
HoneyB's developer raised $5 million for a bitcoin income layer.
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 24 October in 2025, 2023, 2022 and 20212025
2023
