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Brokers' Updates
Track source-checked changes to forex broker regulation, fees, trading platforms, products, funding and corporate operations.

Costas Cleanthous, identified as XM's co-founder and majority owner, acquired control of Cyprus publishing group Phileleftheros. The source describes the transaction as a personal investment; financial terms and future plans were not disclosed, and XM itself was not presented as the buyer.
Finance Magnates
Finance Magnates, citing Kathimerini Cyprus, reported that Exness bought about 200,000 square metres of land in Paphos from Bank of Cyprus for €75 million. Exness had not confirmed the transaction or any proposed campus, so possible development plans remain unverified.
Finance Magnates
Singapore authorities said internet providers would block access to Octa and XM from 20 June 2025 because the platforms offered capital-markets services without a local licence. XM responded that its site was not specifically directed at Singapore residents and that it had no physical presence or servers in the country.
Finance Magnates
A sponsored Exness recap says the broker received Best Multi-Asset Broker - Africa and Most Reliable Broker - Africa at FMAS 2025. The awards are event recognition and do not independently verify product quality, reliability or client outcomes.
Finance Magnates
Finance Magnates' FAME Awards 2025 results list named XM the winner of the Best Trading Conditions – Africa category. The article records 18 award categories; it does not describe the judging methodology or provide product-level evidence behind the XM result.
Finance Magnates
A contributed promotional article announced XM as an Elite Sponsor of FMAS 2025 in Cape Town on 29–30 May, with the broker exhibiting at Booth 7 under a gold-trading theme. It also promotes XM's range of instruments and MT4/MT5 access; those product claims should be treated as advertiser-provided information.
Finance Magnates
A contributed promotional article announced XM's 15th-anniversary programme of phased promotions, events and product releases during 2025. It also previewed, without detailed specifications, a planned AI-assisted market-analysis tool and broader product upgrades.
Finance Magnates
Costas Cleanthous, XM's co-founder and majority owner, reached a preliminary agreement to acquire about 55% of Cyprus-based Ancoria Bank, subject to central-bank approval. The source repeatedly states that the purchase is personal, that XM is not involved and that the bank would have no association with the broker.
Finance Magnates
XM.com appointed Nasos Topakas as chief technology officer. Topakas joined after serving as chief engineering officer at Sitecore and brought a long technology-leadership background that included roles connected with Charles Schwab, Kodak, StubHub and other consumer-technology businesses.
Finance MagnatesA best broker comparison can change when a licence, fee schedule, platform or withdrawal process changes. Our forex broker updates identify what changed, when it happened and which traders may be affected without publishing trading signals.
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