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.
The Industry Spread
Nikkei 225 to 66,200 by October 30: the BOJ retrace
The Nikkei 225 base case is 66,200 by October 30, 2026 after a 64,425.95 cash print. A close under the October 15 low of 64,092.74 ends the retracement.
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
Cotton
78.00 centsby November 10, 2026
Wrong above82.40 cents
Spot at filing80.51 cents
Cotton to 78 cents by 10 November 2026: stocks case
USD/TWD
31.795by 17 December 2026
Wrong above32.454
Spot at filing32.085
USD/TWD to 31.795 by 17 December 2026: the surplus case
Levels as stated when filed. Not live prices. Analysis, not investment advice.
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%.
Rundschreiben 14/2026 narrows BaFin's CRR ancillary test
Rundschreiben 14/2026 adopts the EBA ancillary-services guidelines and narrows BaFin's dependence test on banking activity under CRR Article 4(1)(18).
FirmWhat we foundFiled
Carrot 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 OctAscension Funding24–48 hours is not the payout clock4 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
CK Prop review: 80% split, a 3% cap and the buffer
CK Prop suits traders who accept an 80% share of simulated profits, no minimum trading days, and news trading only where a consistency score applies. It does not suit anyone who needs more than 3% of the starting balance in the first five withdrawals, or Instant Funding bought off the homepage's 80% line. The caveat is a clash: the FAQ lifts that cap at the sixth withdrawal, the homepage says the fourth, and the terms refuse a fee refund the FAQ promises.
Salary Hero raises $7.6m Series A led by Cento Ventures
Cento Ventures leads Salary Hero's $7.6 million Series A, of which $6 million is new equity.
Binance Pool closes November 10; shares stop at 07:00 UTC
Binance will shut Binance Pool at 07:00 UTC on November 10, with Pool Savings and Cloud Mining included. Shares after the cutoff will not be credited.
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.
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.
Rick Steves
Rick Steves has seen business and economics through many lenses.
Also filed
From the archive
Filed around 15 October in 2025, 2023, 2022 and 20212025
2023
