The week brought developments across retail trading, brokerearnings, fintech and digital assets, with online reputation, profitability andchanging trading behaviour among the recurring themes.Broker operations also saw several changes, from iFOREXrevising its earnings outlook to AvaTrade closing its Polish branch. At thesame time, copy trading continued to gain traction among retail clients, whileETF options and leveraged products expanded their role in trading activity.Elsewhere, the US Senate blocked the CLARITY Act, whileRevolut reopened discussion around a potential London listing. The week alsofeatured a closer look at NAGA’s return to profitability and its plans to useAI across the business.Trustpilot Flags One in Five Broker ProfilesTrustpilot has placed formal consumerwarning banners on 21% of 100 retail broker profiles reviewed by FinanceMagnates. The platform says such warnings can follow suspected misuse,including fabricated reviews or selectively solicited feedback. The issue canwork in either direction, with businesses accused of artificially improvingratings or being targeted by negative activity. A warning hides a broker’sTrustScore and restricts some account functionality. Trustpilot says therestrictions are reviewed periodically and generally remain for about sixmonths, depending on the severity of the case. The findings highlight the rolereview platforms continue to play in how retail brokers manage their onlinereputation and client feedback. NAGA Returns to Profit After RestructuringIn an interview with Finance Magnates, NAGA CEO OctavianPatrascu discussed thecompany’s return to profitability following its merger with CAPEX.com. The2023 reverse merger brought almost $20 million in new capital, with half usedfor legacy loans and the remainder for growth. The turnaround included cuttingunderperforming business units and changing NAGA’s geographic mix, with Europe,the Middle East and Latin America each accounting for roughly a third. LatinAmerica’s contribution to group revenue rose from 5% to 22%.Patrascu alsodiscussed NAGA’s use of AI in marketing and customer support, saying thetechnology had increased marketing output while helping resolve about 66% ofcustomer enquiries. He said AI would form part of the company’s next growthphase.iFOREX Cuts H1 EBITDA Estimate to $1.4 MillioniFOREX cut its first-half adjustedEBITDA estimate to about $1.4 million from $2.4 million after reviewing itsinterim accounts. The London-listed CFD broker said a higher liability foramounts owed to clients at June 30 created a related non-cash expense. Revenueand net cash at the end of June were unchanged from its previous update. The companymaintained full-year adjusted EBITDA guidance of $0.5 million to $2.5 million,saying the accounting effect had largely reversed after the period ended. Thelatest revision follows an earlier cut in August, when iFOREX cited weaker Julytrading income. The broker is due to publish its full interim results onSeptember 24. Copy Trading Reaches Quarter of VARIANSE ClientsAbout a quarter of VARIANSE’scTrader clients now use the platform’s built-in copy trading service,according to the broker. Three strategy providers highlighted by VARIANSEattracted between about $500,000 and $2 million in investor allocations. Onestrategy passed 2,000 followers and reached about $2 million in allocationswithin three months, while another attracted more than 900 investors and about$500,000. A third, semi-automated gold strategy raised about $1.2 million fromhigh-net-worth investors. The cases show different routes into copy trading,including public strategy records, broker partner networks and existinginvestor relationships. Investors can allocate capital to strategies, stopcopying and set an equity stop loss. AvaTrade to Close Polish BranchAvaTrade is closing itsPolish branch almost six years after opening the office in 2020. PatrykSchulmeister, the broker’s Managing Director for Polish operations, confirmedthe closure while announcing his departure from the company. He said Polishclients and partners would continue to be supported through AvaTrade’sinternational operations, although he did not specify which entity wouldprovide that support. The Polish office was opened to provide a localisedtrading experience. AvaTrade retains regulatory authorisations in Cyprus andIreland, alongside licences in several other jurisdictions. The closure comesas the broker continues operating across multiple markets and products,including forex, CFDs and a futures platform launched in 2024. Senate Blocks CLARITY Act Crypto BillThe US Senate failed to advance the Digital Asset MarketClarity Act aftera September 15 cloture vote ended 50-49, below the 60 votes required. Theoutcome effectively freezes the crypto market structure bill for now. SenatorElissa Slotkin opposed the measure, citing what she described as insufficientethics provisions, as well as concerns over enforcement, money laundering andnational security.🚨 BREAKING: The Senate just BLOCKED advancement of the Trump and Scott Bessent-backed CLARITY ACT, landmark crypto regulatory framework regulationThis is cloture, so it needed 60 VOTES.The final vote: 49-50Even if it did pass the Senate after cloture, it still has to go… pic.twitter.com/RmhX4ZO2rj— Eric Daugherty (@EricLDaugh) September 15, 2026The House passed the bill in July 2025. It would dividedigital asset oversight between the SEC and CFTC, extend Bank Secrecy Actrequirements to crypto intermediaries and build on the stablecoin frameworkestablished by the GENIUS Act. Industry representatives described the Senatevote as a delay and said existing regulators could still provide clarity. Revolut Considers Dual Nasdaq and London ListingRevolut is considering adual listing on Nasdaq and the London Stock Exchange, marking the firstpublic confirmation that the UK-based fintech is examining both markets. CEONik Storonsky said the US remained his preferred market because of its greaterliquidity and larger pool of institutional and individual investors. His commentscome despite previous criticism of London’s market structure, including itsliquidity and 0.5% tax on share purchases. The UK has since introduced athree-year exemption from the tax for qualifying new listings admitted fromNovember 2025. Revolut has not said whether the change influenced its plans.The company has previously said an IPO would not take place before 2028 and hasnot disclosed which market would host the primary listing.Overall, 0DTE options volume is up 46.2% year to date to more than 20 million contracts per day.— Cboe (@Cboe) July 24, 2026ETF Options and Leveraged Products ExpandETF trading continued to shift towards options and leveragedproducts, with Cboedata showing average daily ETF options volume more than 31% higher year on yearin the first half of 2026 and just over 35% higher through August. The growthhas involved both retail and institutional investors, while SPY accounted for42% of ETF options volume. The market for leveraged and inverse ETFs has alsoexpanded sharply, with the number of US products rising from 28 in 2023 to 486in 2026. These instruments have become a significant retail trading vehicle,while ETF options allow investors to express views on volatility, protection,income and short-term price moves without trading the underlying fund directly.This article was written by Tareq Sikder at www.financemagnates.com.