The5ers Brings Trading Accounts to ChatGPT and Claude Through MCP

The5ers has moved its trading accounts into the world of AI assistants, connecting them to ChatGPT and Claude through the Model Context Protocol (MCP). The integration places the prop trading firm alongside other brokers now embedding generative AI tooling directly into the retail trading workflow.

The same news cycle brought a notable change to the prop firm sector's legacy names. The brand rights to MyForexFunds have been sold to a Dubai-based firm, while FundedSeat has closed its doors. In platform news, Indonesia-focused broker Valbury has added the DXtrade platform.

Regulation and enforcement

Supervisory pressure on the CFD and retail trading space continued on several fronts. Germany expanded its efforts against trading fraud, the UK's FCA shut down 21 CFD firms, and the CFTC filed suit against Cash FX. Australia's ASIC introduced new rules covering trading algorithms, while New York authorities took aim at prediction market Polymarket.

On the retail trading data front, one recap highlighted that the top 1% of winning accounts capture 66.5% of profits — a distribution that has knock-on effects for brokers' bottom lines. Separate coverage also pointed to a DriveWealth security incident that exposed customer data, and to a fresh data exposure involving Revolut customers.

Product and corporate developments rounded out the week. Capital.com added stocks and ETFs to its offering, CMC Markets rolled out a ChatGPT-based feature, and LCG moved through a management takeover. Elsewhere, iFOREX reported a first-half loss, and Revolut advanced its push into Argentina.

The items were drawn from Finance Magnates' daily news recaps, which track brokers, trading platforms, fintech, payments, digital assets and regulation across global markets.