On June 23, 2023, FP Markets, a prominent Forex and CFDs broker, achieved significant recognition at the esteemed Ultimate Fintech Awards APAC 2023. The company was honored with the titles of ‘Best Trade Execution’ and ‘Most Transparent Broker,’ solidifying its position as a leading Forex and CFDs broker in the Asian market. These highly covetedRead More
Category: News
USD pulls back as Initial Jobless Claims Exceed Consensus
The initial applications for unemployment benefits surged to 260,000 over the past week exceeding the highest level since October 2021. The Dollar Index, DXY, fell sharply on Thursday after the US economy sent an alarming signal. The total number of jobless claims has reached 261,000 surpassing estimates of 235,000 and exceeding the 233,000 claims fromRead More
Rise in ChatGPT Trading Scams: Beware of Fraudulent Trading Strategies
In recent days, an alarming trend has emerged in the online trading community, as unsuspecting individuals are falling victim to ChatGPT trading scams. These scams exploit the popularity of AI-powered chatbots and promise foolproof trading strategies, luring in novice investors with the promise of easy profits. However, these fraudulent schemes have left many individuals inRead More
Coinbase Launches Offshore Crypto Derivatives Exchange
A US-based Crypto exchange company Coinbase has recently unveiled the launch of its international entity of Crypto Derivatives Exchange in Bermuda as a part of its global expansion strategy. This strategic move comes as the company faces regulatory headwinds at home. Coinbase’s new offshore cryptocurrency entity, named Coinbase International Exchange, will enable non-US institutional usersRead More
Admirals to Revoke Estonian License Amids Global Consolidation
Admiral Markets Admirals has announced its plan to withdraw its investment company license granted in Estonia as part of restructuring. The restructuring stems from the necessity to expand the company’s global presence. However, this change will have no impact on the Admiral Markets’ existing clientele. (Read our detailed review of Admiral Markets) Admirals Group AS,Read More
HFM Introduces New Virtual Analyst
em>The award-winning broker brings markets closer to its clients with the use of artificial intelligence (AI)./em> HFM, a global multi-asset broker, has made an intriguing advancement by introducing Kate, its virtual analyst. For HFM, the purpose of introducing Kate is to assist traders in staying updated with significant market trends and facilitating them in makingRead More
Apple Relists Popular MT4 MT5 Trading Apps After Six-Month Delisting
Apple has relisted the popular trading apps MetaTrader4 and MetaTrader5 on its AppStore after a six-month delisting. This means that iOS users can once again download the two trading platforms and that existing users will receive updates. Thus, you have the possibility to trade with TriumphFX which uses the MT4 trading platform. MT4 MT5 areRead More
Credit Suisse Shares Surge After Swiss Central Bank Backstop and Debt Buyback
CreditSuisseShares Credit Suisse shares have made a strong recovery, increasing by over 20% on Thursday, after the bank announced plans to borrow up to CHF 50 billion ($54 billion) from the Swiss National Bank (SNB) and buy back around CHF 3 billion worth of its debt. The move aims to improve liquidity and ease investorRead More
ZuluTrade Gains FSC Approval to Offer Wealth Management Services, Expanding Its Market Presence
Social trading leader ZuluTrade has announced its expansion into the wealth management sector, following approval from the Financial Services Commission (FSC) of Mauritius (Licence No. IK21000018). As a member of the Finvasia Group of companies, ZuluTrade can now provide an array of wealth management services, broadening its offerings to investors and brokers alike. In JanuaryRead More
Stock Indexes Rise and Dollar Weakens While Oil Rallies
Stock indexes advanced on Thursday, although they finished below session highs, while the dollar declined as investors shifted their focus to upcoming inflation data and the interest rate hike outlook. Longer-dated U. Treasury yields fell in anticipation of Friday’s personal consumption expenditures (PCE) data release. Economists predict core prices to have risen by 0.4% inRead More