Regulatory changes, business expansion and product diversification shaped a busy week across retail trading and fintech. Regulators in Nigeria and Saint Vincent and the Grenadines introduced measures affecting leveraged products and virtual asset businesses, while Deriv secured a banking licence in SVG.

Elsewhere, brokers and prop firms continued adapting to changing trader demand. AI automation, futures trading and broader product offerings featured prominently, while prediction markets faced questions over retail participation and profit concentration. XTB’s founder also reduced his stake again, while Revolut moved closer to establishing a US banking operation.

Nigeria Proposes New FX and CFD Framework

Nigeria’s Securities and Exchange Commission has proposed its first dedicated framework for the foreign exchange and CFD industry, tightening rules for retail trading. The framework bans binary options and places a 1:2 leverage cap on crypto-related CFD products.

It also targets social media marketing, prohibiting promoters and executives from using luxury lifestyles to suggest wealth was generated through retail trading. The SEC’s measures form part of a broader effort to strengthen oversight of leveraged products and retail promotion.