Weekly Review: Prop Firm Match Loses Partners; eToro to Expand in Argentina
By Tareq Sikder
AI summary of the source article
Prop Firm Match lost around 21 partners following an affiliate redirect controversy, while eToro agreed to acquire Argentine fintech LB Finanzas. Additionally, Capital.com secured a Singapore regulatory licence and appointed Tony Lim to head local operations.
Why it matters
The eToro acquisition "adds local operations and regulatory infrastructure to eToro's regional expansion plans."
Key facts
- Prop Firm Match lost approximately 21 prop trading firm partners after clicks on profiles and promotional codes opened partner sites via affiliate links.
- eToro agreed to acquire Argentine financial app LB Finanzas for an undisclosed amount to establish a stronger presence in Latin America.
- Capital.com secured a licence from the Monetary Authority of Singapore and appointed former IG executive Tony Lim as Singapore CEO.
Source excerpt · Finance Magnates
The week brought significant developments across retail trading, fintech and financial regulation. Prop Firm Match faced a growing backlash from prop trading firms over its affiliate tracking practices, while eToro agreed to acquire an Argentine fintech business as it continued expanding through acquisitions. Capital.com also secured a new regulatory licence in Singapore and appointed a former IG…