Equiti Capital Appoints Paul Webb as Chief Operating Officer

Paul has over 20 years’ experience in the FX and CFD space, having worked in the UK and the Middle East in various senior leadership and front office roles. He has significant experience across multiple asset classes, in managing market risk as well as revenue generation and has developed global product ranges and risk management strategies.

Iskandar Najjar, Equiti Group CEO and Equiti Capital UK Director, said: “We are very pleased to have Paul join the executive leadership team of Equiti Capital UK in the critical role of Chief Operating Officer as well as leading Equiti Group’s front office trading activities. Paul brings extensive industry experience and proven excellence in risk management and operational leadership at global brokerages.

“We extend our sincere thanks to Michael Ayres who has performed this role so successfully over the last three years and established a resilient and successful trading team for Equiti.” A handover period between Michael and Paul will be completed by 24 August which will lead to a further announcement to be made relating to Michael Ayres’ next opportunity.

Paul Webb, Chief Operating Officer of Equiti Capital UK, said: “I have been very impressed by the prevalent positivity and enthusiasm in the company and am very much looking forward to being part of Equiti’s growth.

“This is an exciting time to be joining Equiti Capital with its solid performance over the past 3 years, and the Group’s global growth plans to launch innovative new offerings, secure new regulatory licences, and expand into new markets.”

Crypto rivalry – How can it benefit you?

Five crypto coins dominate the market, and their market share makes up 80% of the market cap, with the rest of the coins trading in the low millions.

Bitcoin alone is responsible for over 60% of the market share, but this number fluctuates often. The addition of new altcoins like Cardano, Dogecoin, and Solana will probably decrease Bitcoin’s share going forward.

The competition at the top seems to be much tighter than it looks, as these new coins have more efficient algorithms, and they are trending on social media, which drives the value up.

An example of how social media can influence crypto markets is the recent admission from Elon Musk that he owns crypto, resulting in the price of Dogecoin surging by 8% in a day’s time frame.

If there is a coin that could topple Bitcoin, it is Ether, which rallied in May and contributed to the crypto market reaching its record-high $2 trillion market cap.

Ethereum’s use of DeFi (decentralized finance) and the NFTs (non-fungible tokens) garner more interest in the coin. However, Bitcoin still dominates, as countries like El Salvador are accepting it as legal tender. In addition, corporations like Tesla and SpaceX are holding on to their Bitcoins, waiting for the day mining becomes more environmentally friendly.

Stacks of cryptocurrency
Source: https://www.canva.com/design/DAEj6Y3lh08/vQUDwScsaMsj7hXosU3q6g/edit#

Here’s how you can benefit

A bit of healthy competition is always a good thing, especially in the crypto market, since you can choose from thousands of coins. The secret is to find a good broker whose platform supports the efficient buying and selling of cryptocurrencies.

Starcapital is a cryptocurrency broker whose vision is to keep it simple, ensuring security and safety simultaneously.

Their web-based trading platform allows for trading from any device, and no downloadable application is required. Starcapital’s trading platform has next-generation technology and allows for fast order execution; in addition, the interface is user-friendly.

Starcapital provides you with a dedicated account manager to guide and equip you with the proper tools. They have strict compliance, security and AML policies to ensure no malicious activities occur on their platform, thereby safeguarding their clients’ funds and personal information.

They offer multiple payment methods, which include cryptocurrencies, bank wires and credit/debit cards. Withdrawals are processed through the same payment methods. To ensure funds are returned to the legal owner, personal ID verification is required when processing withdrawals.

Starcapital’s support service operates 24 hours, six days a week, and is reachable via email or chat service.

Bottom Line

The competition in the crypto markets is creating opportunities for anyone to start trading. Starcapital’s web-based platform is equipped with the proper tools and features required to start crypto trading. Their vision to allow trading from anywhere is enabled through the comprehensive features they offer. Furthermore, their dedication to customer service is an excellent reason to consider this broker reliable.

Cautious Fed Hurting The Buck

FOMC wait-and-see mode remains

Chair Powell and his fellow policymakers acknowledged that economic activity indicators have continued to strengthen and the economy has made progress towards its goals of price stability and maximum employment. But especially on employment, there is still some way to go for the recovery to be substantial enough to start tapering asset purchases. Inflation is still seen as transitory but is not broadly based and Chair Powell specified that one-off price rises, even if they are not reversed, are no sustained inflation.

Many in the markets are touting the Jackson Hole symposium at the end of next month as the big date for more taper detail. But, with only one NFP jobs report next week to be released before then, is that enough information for the Fed to shift their bias? There are then three FOMC meetings left in the year in September, November and December.

China soothes equity jitters

Equities finished mixed in the US with tech outperforming. Facebook beat earnings expectations but warned of a significant growth slowdown and the stock fell as much as 5% in extended trading. European bourses have started the morning in the green after China took steps to calm recent investor fears which helped the Hong Kong market gain over 3%.

Gold enjoying dollar woes

With the hawks disappointed after the FOMC meeting, dollar selling is helping to push gold out of its recent range. The bullish break is now within touching distance of the widely watched 200-day moving average at $1,822. A strong close above here should see the July highs at $1,829/34 come into view fairly quickly. Solid support sits at $1,789.

Gold chart

By Lukman Otunuga, FXTM Senior Research Analyst

For more information, please visit: FXTM

Disclaimer: The content in this article comprises personal opinions and should not be construed as containing personal and/or other investment advice and/or an offer of and/or solicitation for any transactions in financial instruments and/or a guarantee and/or prediction of future performance. ForexTime (FXTM), its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness, of any information or data made available and assume no liability as to any loss arising from any investment based on the same.

OctaFX Celebrates Ten Years in Business

Such a milestone in a company’s life is an excellent occasion to look back on its key achievements, so that’s what OctaFX has done, presenting us their ten significant results for ten years of operation.

Here is what has been shared with the public:

  • 7.5 million Forex trading accounts opened;
  • 230,000 Trade and Win gifts delivered;
  • over 520,000 followers on social media
  • 43 Forex industry awards received
  • over 100 countries with happy OctaFX clients
  • 500 million trades executed on the platform since the beginning
  • more than 40 charity initiatives launched within Corporate Social Responsibility Strategy
  • 5,500,000 clients’ questions answered in person
  • 1,300 educational webinars on Finance, Investment, and Forex
  • more than 4,600 active IB partners from all over the world.

These numbers show not only the broker’s success but also the impact of its diversified activities on local communities, especially within the social dimension.

In the foreseeable future, we can expect the expansion of the global broker’s activities in many directions both on global and regional levels.

OctaFX is a global broker that provides online trading services worldwide since 2011. It offers a state-of-the-art trading experience to over 7 million trading accounts globally. OctaFX has won more than 40 awards since its foundation, including the ‘Best ECN Broker 2020’ award from World Finance and more recently the 2021 ‘Best Forex Broker Asia’ award and the 2020 ‘Most Transparent Broker’ award from Global Banking & Finance Review and Forex Awards, respectively. The company is well-known for its social and charity activities.

INGOT Financial Brokerage Ltd. Acquires JSC License to Operate in Jordan

In line with its goal to reach avid traders from all corners of the world, INGOT Financial Brokerage Ltd. – a multi-asset brokerage firm established in 2006 – has recently acquired the Jordan Securities Commission (JSC) license, which grants it the permission to provide its services in Jordan, as well as specified countries from the Middle East and North Africa (MENA) region – depending on legal requirements.

Generally considered as a Class A license in the industry, the JSC trading license complies with the highest standards of transparency and security, providing clients with an added sense of safety as they will be trading with a trusted world-class brokerage firm.

The JSC regulation allows INGOT Financial Brokerage Ltd.’s clients in Jordan to invest in different asset classes, such as Forex; UK, US, and EU stocks; indices; ETFs; and agricultural, energy, and metal commodities. Additionally, clients have the option to choose between different account types, each of which offers competitive spreads, leverage rates, and commissions.

On this occasion, INGOT Financial Brokerage Ltd.’s Chief Revenue Officer (CRO) Ahmed Khawanky stated, “Acquiring this license was not an easy feat, particularly since the JSC has stringent requirements to ensure maximum safety over investments.

However, we were adamant to obtain the license to operate in Jordan, as it perfectly aligns with our strategy to expand on a global level.” Khawanky added, “Such licenses give our clients from different areas across the globe the confidence that they are trading with a reliable brokerage firm that serves them with complete transparency and without manipulation.”

2022 Crypto Outlook – Which Coins to Add to Your Watchlist?

Despite staying unaffected by Covid-19, other events significantly contributed to decreasing Bitcoin’s value recently, like environmental sustainability concerns that urged Elon Musk to refuse it as a payment for Tesla. Moreover, China’s crackdown on crypto mining operations and strict regulations imposed by the US treasury acted as catalysts for Bitcoin’s further decline.

However, the largest crypto has rebounded and rose to $35,000 in the past few days. This has also made other altcoins like Ether, Cardano, etc., trend upwards after significant crashes.

What’s in store for 2022?

The trending cryptocurrencies to consider for 2022 are Bitcoin, Ethereum, BNB, Tether, and Cardano. These digital currencies show promising growth potential and are currently hyped up by many investors.

Despite Bitcoin’s rollercoaster ride this year, expert crypto analysts like Ali Mizani predict it to reach $200K to $300K by 2022. Bitcoin’s competitor Ethereum’s price has increased by 800% in the last year. Ethereum’s network has been popularized with the development of DeFi and NFT tokens, indicating solid future growth.

Cardano ADA is another to look out for; the coin has been getting attention due to its eco-friendlier algorithm and has the fifth-largest market cap. Investors are speculating it to reach $10 in the next few years. BNB coin has a bright future as well; owned by the world’s largest crypto exchange, Binance, it already hit an all-time high of $686 this year. Therefore it’s expected to grow even further.

Cryptocurrency coins toss-up
Source: https://www.canva.com/design/DAEj6Y3lh08/vQUDwScsaMsj7hXosU3q6g/edit#

How can crypto brokers up their game?

With these top cryptocurrencies trending, it’s an excellent opportunity for brokers looking to expand their services. MrGuru is a cryptocurrency broker that uses next-generation trading technology and offers a broad selection of digital currencies like Bitcoin, Litecoin, Ethereum, Cardano, etc.

Its web-based trading platform is specially designed for crypto traders and features a simple and optimized user interface. The platform is also versatile and flexible enough to support any mobile, desktop, and tablet environment. The broker supports five different languages, and you can also access MrGuru in German.

Regarding deposits and withdrawals, MrGuru accepts all popular payment methods like credit/debit cards and wire transfers. However, withdrawal requests are processed only after a successful verification process for security concerns.

In terms of customer support, the team operates 24/6 to respond to all general queries and inquiries. The broker can be contacted via telephone, email, and live chat in case of technical difficulties and issues regarding services provided.

Bottom line

The continued evolution of crypto markets is garnering attention; amidst the pandemic, it’s a promising market to explore. MrGuru is an online crypto broker that offers tailored trading features, competitive conditions, and its robust WebTrader platform. The MrGuru brand is aiming to deliver excellence which is evident in the services they provide.

Watch Out for Solana, the New Coin to Shake Up the Crypto Markets

The Solana blockchain network is centered around the proof-of-stake protocol in combination with a proof-of-history algorithm, in contrast to Bitcoin, which uses a proof-of-work protocol. The technology of Solana is built around speed, efficiency, and security, and the system can support 65000 tps (transactions per second) and a 400 ms latency.

In addition, the innovation behind Solana allows merchants to receive instant payouts, taking away the agony of waiting days for funds to show in their bank accounts. Due to the fast processing of the Solana network, it consumes less energy compared to Bitcoin and results in fewer transaction fees.

How is the SOL token performing?

The Solana network launched the token SOL in 2020, and it currently ranks in the top 15 coins on the crypto charts. The SOL coin currently has a market cap of $7.8 Billion; and reached a record high of $56 in May 2021. Like all other crypto coins, it took a dip and is now trading at around $28 per coin.

The network is also expanding into the gaming industry, and is planning to launch Star Atlas, a gaming metaverse allowing you to create, play, and learn with gamers globally.

The big push behind the coin’s rise is expanding its ecosystem and innovative network; the coin has also outperformed Bitcoin and Ethereum on more than one occasion this year.

Staking written in gold with a chart in the background
Source: https://www.canva.com/design/DAEj6Y3lh08/vQUDwScsaMsj7hXosU3q6g/edit

How to benefit from Solana

You can buy the Solana coin from multiple online brokers, but careful consideration should be taken when deciding who to join.

Winiford has a proprietary trading platform with a user-friendly interface and high levels of security. Some of the benefits that Winiford offers is quick order execution and instant order placement, dedicated customer support, and access to the crypto markets from a single platform. You can trade a wide array of cryptocurrencies, including the popular Bitcoin and Ethereum, as well as the Solana token.

To ease the withdrawal process, they have a clear policy outlining the requirements for safe and secure withdrawal of funds. Payment methods include crypto wallets, credit cards, and wire transfers.

The minimum requirement for withdrawal via credit card is 100 USD/GBP/EUR and 250 USD/GBP/EUR via wire transfer. In addition, withdrawals are processed only to the original method used for funding. This is to ensure funds are paid to the legal owner.

Winiford’s customer support is available 24 hours, six days a week, and can be reached via email or live chat service.

Bottom line

The Solana network is becoming very popular, especially with investors’ eyes on more sustainable investments.

Winiford offers the opportunity to experience the thrill of crypto trading while ensuring a painless process. Their benefits are aligned to the demands of the crypto markets since speed and efficiency are critical criteria, and therefore they are considered a reliable brand.

AIRSOFT’s Recipe for Brokerage Success: Attracting New Traders and Increasing Conversions

This new generation of young retail traders are not just tech-savvy, they have high expectations from brokerage firms. To make the most of this opportunity to expand their customer base, brokers are striving to provide high-quality services at lower costs.

In addition, they are looking for sophisticated technologies like mobile platforms, user metrics, chatbots, personalized trading instruments, and end-to-end CRMs to provide highly satisfying trading experiences.

This is because to survive in this competitive landscape, brokers need technologies that are robust and agile. They need platforms that can rapidly respond to market events, customer requirements, and emerging regulatory trends. Advancements in cloud computing and cheap VPS solutions are giving new life to algorithmic trading strategies.

Industry-leading technology provider for brokerage companies, AIRSOFT Technology has been supporting new and existing brokerage firms with comprehensive software solutions since 2012. The company is focused on constantly innovating and upgrading its technology solutions to offer the latest technological advancements. The aim is to ease the launch of new brokerage firms and the expansion of existing ones.

As the industry looks at another strong upcoming business season in September 2021, brokerage firms will face intense competition in client acquisition and retention, and the management of increased trading volumes. AIRSOFT Technology is already prepared with the best-fit solutions for all types of brokers.

Attracting New Clients and Enhancing Conversion Rates

To achieve long-term success, brokerages need to continuously attract new clients, while simultaneously providing exceptional services to existing ones. The process of onboarding new clients and generating leads starts with a professional website. A well-maintained website establishes a consistent brand identity, helps create a great first impression, and improves search rankings.

If a brokerage firm is facing low conversion rates, they might have to take a second look at their customer engagement strategies, client onboarding support, and training of the sales teams.

AIRSOFT Technology offers cutting-edge tools, designed specifically to help brokerages attract and retain clients. These include professional website development and management, marketing tools, and a personal account manager and support. A dedicated manager can quickly analyse the factors that might be hindering client acquisition and devise an effective plan to deal with the issues. AIRSOFT Technology also connects brokers with a multi-level IB programme to help them expand their client base.

New brokers can take advantage of a strong affiliate program to market their platform on a budget, increase their brand awareness, and benefit from the high ROI of a targeted marketing campaign.

Intuitive and Advanced Trading Technologies

Over the past year, customers across industries have grown to expect two key services from brands: faster resolution times and thoughtful experiences. To fully address these expectations, brokers need to invest in the right technology quickly.

Today, traders look for platforms that offer them exposure to the global markets, real-time market information, and superior execution. They look for real-time data analytics, to keep track of their trading activities and performance metrics to make informed trading decisions. Most importantly, they seek the ability to monitor and execute trades even on the go.

On the other hand, brokers need real-time data to keep an eye on all trading activities on their platforms. They can use this data to understand client needs and provide better products and services. Data can also help them target clients with high lifetime value. But to be useful, the data needs to be easily understandable and actionable.

AIRSOFT Technology helps brokerages cater to traders of all skill and experience levels through advanced web and mobile trading platforms for FX and CFD trading.

An example of the company’s expertise in trading technologies is Chrono Trade, a unique platform that can be integrated with any existing CFD platform or used as a stand-alone brokerage solution. The platform has been designed for short-term traders and new clients looking for exciting trading opportunities in volatile market conditions. Brokers using Chrono Trade report higher user engagement and increased trading volumes.

The CFD-Forex Web Trader from AIRSOFT Technology helps brokers offer 5,000+ tradable assets from across 30+ exchanges worldwide. With deep analysis, algorithmic trading and social trading, advanced charting capabilities and Bloomberg TV integration, the platform caters to the needs of professional traders with ease.

AIRSOFT Technology also offers brokers multiple-device accessibility with their own branded mobile app for easy trade management. Available for iOS and Android, the app is a perfect fit for young and affluent retail traders, who want the markets at their fingertips.

Integrated PSP Solutions

Friction in withdrawals and deposits can lead to the loss of existing and potential clients. It can also hamper partnership prospects for an upcoming broker.

Brokers need to offer clients and partners access to multiple payment modes for convenient transactions. AIRSOFT Technology partners with leading PSPs, exchanges and cashiers to help brokers with easy integration. Their API allows the flexibility to integrate new PSPs, extending the global reach of brokers.

Training and Development

Like any business, brokerages need high calibre talent and expertise to navigate the challenging market conditions. A customer-centric business model can be ensured when employees bring their innovations and commitment to the table. Continuous training programmes can help the team align their efforts with long-term business goals and business culture. These also help motivate employees, providing them the knowledge to support clients in the best way. The end result is that sales and support teams deliver better results.

With wide experience in the financial market industry, AIRSOFT Technology helps brokerage firms grow organically with business consulting services and referrals to the right experts in the legal, banking, PSP and marketing sectors.

Online trading is on the rise – why are people finding it so attractive?

Placing a trade meant you had to perform intensive research into the particular asset, call up your broker, and instruct them to place your order.

The shape of online trading changed tremendously from 2010, when advanced charting tools, automated software, and advanced interfaces were introduced. And retail trading started to grow steadily.

However, a significant spike in online trading occurred in 2020; according to a Bloomberg Intelligence report, the retail trading market volume increased by almost 20%. This even surpassed hedge funds and bank trading volumes.

Why the sudden spike in trading volumes?

As mentioned, people have been trading online for decades, but the sudden surge in trading volume means many more are signing up to trade.

The most significant contributing factor is the Covid-19 pandemic’s consequences leading to many adapting their work and personal lifestyle. Working from home is the order of the day, creating a flexible environment for people to start trading.

The surge in crypto traders accompanied the spike in the stock market and forex trading. Blockchain has reported over 68 million crypto wallet users in February of 2021. In addition, there has been a surge in the trading of Bitcoin exchange securities as more investors are finding cryptocurrencies as an alternative to currencies and choose it as a safe haven for investment.

Is it worth it to trade online?

A few reasons as to why online trading is so attractive could be:

  • Trading on the go with a stable internet connection
  • Low investment is required to start trading
  • Time flexibility, forex markets are open 24/5 and crypto markets 24/7
  • It can become a passive source of income

But trading has its downsides, and if you intend to take it up part time or full time, you need to equip yourself with the right knowledge.

And even if you possess all the right traits to start trading, you will need to sign up with a broker to ease the process.

Gold printed buy and sell text on black computer keys
Source: https://www.canva.com/design/DAEj6Y3lh08/vQUDwScsaMsj7hXosU3q6g/edit

This is a brand called Omplix, a cryptocurrency broker whose aim is to provide an excellent user experience.

Omplix allows crypto trading via their web-based platform, which is equipped with multiple tools and quick trade execution. Navigation on the platform is easy and accessible from numerous devices.

Omplix ensures the safety of users’ funds by using the latest in security solutions, which include next-generation technology. In addition, their policies demand strict compliance to prevent any threats to user’s information.

Omplix has provided an informative blog covering account security, crypto trading strategies, and tips to trade crypto effectively.

Their customer support is available 24 hours, five days a week and can be reached by email or live chat service.

Bottom Line

The popularity of online trading is not dying down soon; the world is still not out of the pandemic. And for many individuals, this current situation can become permanent irrespective of the pandemic. Therefore, if you intend to start trading, ensure you gain the proper knowledge and join a reliable broker. Omplix’s mission is to make the process easy for novice and experienced traders; they also have all the safety protocols and advanced trading solutions required for the active crypto trader.

Crypto’s trending in the UK – however, the Central Bank is not happy

According to the Financial Conduct Authority, over 2.3 million Brits hold cryptocurrency assets; this makes up 4.4% of the adult UK population.

The FCA’s research further shows that many investors are acquiring loans to buy crypto, and they estimated around 14% had borrowed money to invest. In addition, the awareness of cryptocurrency has increased from 78% to 82%, meaning more people know of the subject.

However, UK regulators are not very comfortable with these stats and have warned investors about the high volatility risks of crypto investing. Their concern is that individuals are borrowing money to invest in assets they have little knowledge of.

In addition, the regulators are in a battle with Binance, which has applied for an operating license in the UK but failed to comply with anti-money laundering requirements. Binance has since withdrawn its application. The Bank of England has warned crypto investors that they could lose all their money if they ignore these bans.

These crackdowns on Binance have caused frustration among its customers as they could not withdraw funds. In addition, Barclays Bank prevented customers from sending payments to Binance.

The UK has also banned crypto-based derivatives and ETNs in January 2021 as the regulators believe it to be too risky for consumers. BoE Governor Andrew Bailey said Bitcoin has no intrinsic value and is not an efficient way to make transactions. He sees it as a high-risk currency for investors.

The UK to launch its digital currency

The Bank of England and the Treasury are joining forces to explore work on their own official digital currency. This currency would be available for use by businesses and households. The reason behind this is the stability of coins like Tether, which are pegged to the US dollar, which means they are less volatile than regular cryptocurrencies.

The move is to retain consumer’s interest in public money. The decision has not yet been finalized as the BoE investigates the challenges and risks involved and is engaging with the relevant stakeholders.

A coin on a flag

Description automatically generated with medium confidence

How to continue trading crypto

Alphalive offers trading in cryptocurrencies via a web-based platform equipped with next-generation technology and fast order execution. Since this is CFD trading, users do not need to buy the underlying cryptocurrency, therefore minimizing exposure to risk and enabling taking advantage of short-term actions. Alphalive’s compliance policy requires all users to pass a strict verification process when opening an account.

In terms of payments, Alphalive allows you to fund via cryptocurrency, wire transfer, and credit/debit card. Withdrawals are processed via the same method, and ID verification is required to ensure funds are paid to the legal owner.

Their customer support staff operates 24 hours, six days a week and can be reached via email or chat service.

Bottom line

The UK’s not the only country exploring a digital currency, as China is also looking into the same. As traders, it is advisable to equip ourselves with the proper knowledge and be aware of the risks before embarking on this market. When you visit Alphalive’s website, you will be pleased to discover that they offer comprehensive features and support. In addition, they have various policies and risk disclaimers to give that extra feeling of security.

FXTRADING.com and CGS-CIMB Securities join forces

SYDNEY, AUSTRALIA, 27 July 2021 – FXTRADING.com (“FXTRADING”) today announced that it has partnered with CGS-CIMB Securities Singapore Pte. Ltd (“CGS-CIMB”), one of Asia’s leading integrated brokerage firms, since March 2021 to offer clients the best trading environment to trade share market Contracts for Difference (CFD).

FXTRADING has now also added the powerful IRESS platform to its trading product range, while CGS-CIMB will also provide liquidity to facilitate clients’ trades. This means that customers can now trade share market CFDs with deep liquidity pools, fast trade execution, and some of the most competitive spreads in the industry.

Mercury Liu, Managing Director, FXTRADING, said: “We are excited to be entering into this partnership with CGS-CIMB, which marks our foray into the Southeast Asian market. With a strong heritage and deep knowledge of financial markets in the region, we knew this was the perfect choice to deliver best value and service to our clients in Southeast Asia. Clients can now view the powerful features IRESS has to offer, and they can start applying for a live account or request a demo.”

Michael Oxlade, Group Head of CFD, CGS-CIMB, added: “Southeast Asia is fast becoming one of the world’s largest regions for CFD trading, and we are continuing to see growth amongst both retail and institutional clients for these products. With FXTRADING, now powered by IRESS, we can quickly onboard new customers and provide them with a robust system to handle a diverse range of needs, and offer greater access to CFDs in the marketplace.”


About FXTRADING.com

FXTRADING.com is the trading name of Gleneagles Securities (Aust) Pty Limited, a privately owned financial services house that was founded in 2009 in Sydney, Australia. FXTRADING.com is a multi-asset class online brokerage, serving the diverse needs of sophisticated market participants and institutions ranging from retail clients and high net worth individuals to registered investment firms and funds.

We pride ourselves on our core values; integrity, transparency, diligence and innovation. And whilst we cater to clients across several jurisdictions, we have maintained the same regulatory standards across the board and are currently regulated by ASIC (Australian Securities and Investments Commissions) and VFSC (Vanuatu Financial Services Commission).

Headquartered in Sydney, Australia, FXTRADING.com has clients from over 80 countries with a large userbase across Asia. And due to our continued expansion, FXTRADING.com has become a more globally focused multi-asset class online brokerage.

We will continue to develop new products and provide new services to clients, as creating market leading technologies, with a competitive and transparent trading environment is our passion and purpose.

About CGS-CIMB Securities (Singapore) Pte. Ltd.

CGS-CIMB Securities (Singapore) Pte. Ltd. is a wholly-owned subsidiary of CGS-CIMB Securities International Pte. Ltd., one of the leading integrated financial service providers in Asia. It is a 50-50 joint venture between China Galaxy International Financial Holdings Limited, a wholly-owned subsidiary of China Galaxy Securities Co. Ltd., and CIMB Group Sdn. Bhd.

Through a network of local offices, branches and strategic partners, we have direct global presence in over 20 countries, providing a truly Asian perspective. We are well-positioned as Asia’s leading financial gateway with a core focus on deep-dive research and in-depth analysis on equities and financial products.

We are a customer-centric firm and focus on value creation for clients, offering a suite of investment and financial solutions for retail and institutional clients. Our businesses include retail broking, institutional equities, derivatives, prime services, equities research, wealth management and online broking.

Backed by an award-winning research team, we have one of the most comprehensive research coverage of over 800 Asian stocks. Our strong research capabilities form the backbone of our product and service offerings, connecting clients to opportunities.

If you have further queries or require more information, please contact:

Leo Hung

Head of Operation and Risk

FXTRADING.com

D: +61 404118799

E: leo.hung@fxtrading.com

Gary Gan

Head of Marketing & Communications, Singapore
CGS-CIMB Securities (Singapore) Pte. Ltd.

(Member of Singapore Exchange Securities Trading Limited)
M: +65 9647 6070

E: gary.gan@cgs-cimb.com

Cardano Is Dominating, but What Does the Future Hold for This Coin?

ADA, which is the name of the coin, is derived from the mathematician Ada Lovelace. The Cardano ADA coin has the fifth-largest market cap among the crypto coins, and the price reached an all-time high of $2.46 in May 2021.

The Cardano platform is centered around a proof-of-stake protocol, unlike some of its predecessors such as Bitcoin, which are based on proof-of-work protocols.

The proof-of-stake protocol is conceptually designed to mine block transactions, which means the more coins you hold, the more mining power you own.

Compared to the state of work protocols, the Cardano platform consumes much less power to mine coins – making it a sustainable coin, especially now with investors’ eyes focused on “green investments”. Cardano’s energy consumption is relatively low, at only 6 Gwh of power, and it’s reported that the proof-of-stake algorithm is 20000 times more efficient than the Bitcoin mining system.

What is the forecast for Cardano?

There are over 9000 altcoins on the crypto market, and Cardano (despite being a reasonably new coin) is beating the competition. Cardano ADA has a market capitalization of about $33.69B, and it’s ranked in the top five crypto coins.

Expert crypto analysts speculate that Cardano will reach $10 in 2021; the coin’s value was up by 4200% in the last year.

Interest from large corporations like Tesla, which has recently pulled back from using Bitcoin due to its significant carbon footprint, has also played into the hands of Cardano.

Yellow Proof-of-Stake icon on a green background
Source: https://www.canva.com/design/DAEj6Y3lh08/vQUDwScsaMsj7hXosU3q6g/edit#

How to buy Cardano?

Coinlife is an established cryptocurrency broker that offers trading in multiple cryptocurrencies, including Cardano. Their trading platform is designed with an intuitive interface and advanced tools to suit your trading requirements.

The trading platform is accessible via a web browser from a desktop or any mobile device. Some of the benefits they offer are 24/7 trading, web and mobile trading, and the one-click-trade feature to allow for fast execution of trades.

You can talk to a Coinlife representative who is available 24 hours, six days a week, to resolve queries relating to accounts or technical issues. They can be contacted via email and live chat service.

Coinlife has a transparent but strict withdrawal policy, which requires identification for every transaction to ensure funds are transferred to the legal account holder. They also offer payment via crypto wallets, wire transfers, and credit cards.

Bottom Line

The crypto markets are highly susceptible to market sentiment and social media trends. As long as the mainstream is focused on sustainable investments, the future of Cardano is still bright, and we may see it reach $10 soon. Coinlife offers multiple benefits to satisfy the active crypto trader, and they ensure the safety of funds with their strict security technology and steadfast policies. Coinlife allows you to join this market by ensuring you have all the necessary tools and resources for an effortless trading experience.

EURUSD Testing Significant Support

Inflation is high and may force the American regulator to be more aggressive. Also, there are risks of seeing a reduction in liquidity on behalf of the Fed, while the European Central Bank is expanding its money printing press capacity. Taken together, these factors are in favour of further USD strengthening.

The statistics published today showed that the German Ifo Business Climate dropped to 100.8 points. It means that the German businesses are predisposed more negatively than before as there are serious delivery issues, which, in their turn, put significant pressure on both industrial and retail sectors of the economy.

It was said that over 60% of the companies reported a shortage of raw materials required for manufacturing, as well as an upsurge in raw material prices. In this light, the German industry can not operate at its normal pace. Unfortunately for the European currency, it is happening at a time when the USA is experiencing a relatively powerful economic recovery and this will put additional pressure on the major currency pair.

In the H4 chart, EUR/USD is falling towards 1.1725 and may later correct to reach 1.1800. After that, the instrument may resume trading downwards with the target at 1.1690. From the technical point of view, this scenario is confirmed by MACD Oscillator: its signal line is trading below 0, thus confirming a further downtrend on the price chart.

As we can see in the H1 chart, after falling and reaching 1.1755, EUR/USD has completed the ascending correctional impulse at 1.1800. Possibly, the pair may rebound from the latter level and resume trading within the downtrend with the short-term target at 1.1725. From the technical point of view, this scenario is confirmed by the Stochastic Oscillator: after rebounding from 80, its signal line is steadily moving downwards to reach 50. Later, the line may break 50 and continue falling towards 20.

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex

Disclaimer

Any forecasts contained herein are based on the author’s particular opinion. This analysis may not be treated as trading advice. RoboForex bears no responsibility for trading results based on trading recommendations and reviews contained herein.

Crypto Trading Is a Risky Business, but There Is Reason to Be Hopeful

According to the FTC (Federal Trade Commission), crypto investors have lost over $80 million since October 2020 due to such scams, and the numbers are increasing.

A 77-year-old woman fell victim to such a scheme and lost more than $12,000 – she was fooled into the plot via an email alert, warning her of malicious activity on her PayPal account. The victim was instructed to purchase $3500 of Bitcoin, told to share her banking details, and was robbed of her money this way.

These types of scams have significantly escalated during the Covid-19 pandemic, with many desperate to make money fast and placing their trust in these schemes. In a recent incident, a male victim was lured into a scam via the dating app Grindr, and the perpetrator convinced him to hand over £20,000 after showing him how lucrative crypto trading is. There are many types of dating scams, which increased by 40% during the lockdown period. Victims are being fooled into handing over enormous sums of money by emotionally extorting them.

How is the crypto market impacted?

The minor scams might not affect the crypto markets since there isn’t much media attention; however, recent cyber-attacks on large US corporations have caused a sell-off due to traders’ fears. The price of Bitcoin dropped below $32,000 in June 2021, after the news broke of a cyber attack on Colonial Pipeline.

When traders become fearful, they remove their funds from the market, and this can cause significant volatility in an already sensitive crypto market.

Bitcoin Safe Steel Box
Source: https://www.canva.com/design/DAEjCksCZ7c/ApQiJJza23R5bEnkVkvhcg/edit#

How to protect yourself and continue trading?

Although the crypto industry is vulnerable to these risks, it can be controlled by choosing a reliable exchange platform that ensures data and funds protection and is designed with advanced security features.

One such platform is CoinJump, a global digital asset exchange platform that supports Bitcoin and Ethereum coins. The platform’s flexibility makes it available on any desktop and mobile device and is accessible 24/7 by all clients.

The CoinJump platform features real-time market prices and offers instant buying and selling execution, and they charge a 4.7% exchange fee.

Regarding payment options, CoinJump accepts all modern methods like credit/debit cards and wire transfers. However, the transfer can take up to 5 business days to reflect in your wallet. CoinJump’s benefits include tracking stability, a prompt OTC desk, and personal account managers.

CoinJump offers a different type of crypto exchange service to ensure a top-grade level of data and funds protection in terms of security. In addition, you will be required to comply with the KYC and AML policies by submitting the relevant supporting documentation to verify your identity. CoinJump also shares essential tips for users to safeguard their information.

Bottom line

Cybercrime takes on many forms to extort money from innocent victims and ranges from malware, through hacking, to elaborate investment schemes. However, being well informed will help place your mind at ease, knowing your funds and information are well protected. For this reason, CoinJump’s crypto exchange platform is designed with cutting-edge technology and security protocols to ensure clients are not at risk.

Trade more than 10,000+ products in 15 global markets with SquaredFinancial

With offices in the Seychelles, London, Hong Kong, Geneva, South Africa and the head office in Cyprus, SquaredFinancial covers 15 markets worldwide to cater to traders of all generations, different backgrounds and trading knowledge. It offers retail and institutional clients, partners, and white labels, the most popular stocks, more than 60 Forex pairs, commodities, indices, futures, ETFs, CFDs, cryptocurrencies and more. It has also established a payment solution that enables clients to deposit and receive funds from all over the world through trusted payment providers, while insuring clients’ funds up to USD 1 million.

On another note, clients who prefer passive investments can choose from a series of strong investment programs run by experienced portfolio managers and based on analysis, best practices, Artificial Intelligence and success stories.

“SquaredFinancial is winning the trust of an ever-growing generation of clients looking for a reliable investment partner, and for immediate and secure access to global markets”, stated Husam Al Kurdi, SquaredFinancial CEO. “Despite the challenges posed by the uncertainties of the Covid-19 pandemic and the constantly changing jurisdictions and restrictions imposed by regulations in different parts of the world, we will keep on expanding our product base and optimizing our customer experience to deliver to our clients a seamless trading journey”.

ECB Meeting in Prime-Time Summer

Lower for longer?

The strategic review by the bank changed the inflation target to a hard 2% with over and undershoots equally undesirable and allowed only on a temporary basis. Does this new assessment simply formalise the current trajectory then or suggest a more dovish road for the ECB going forward? This is the key question as it may mean that hitting the new target will probably take the ECB longer to achieve, which ultimately means the case for prolonged easy monetary policy is strengthened.

Markets may also think that the bank will increase asset purchases under their standard QE programme (APP) while unwinding the emergency asset purchase programme (PEPP). This points to the pace of tapering for next year being slower than previously expected. We note that the buying pace of bond buying is usually only discussed when new staff projections are at hand and the next such meeting is in September.

Improving picture but bumpy road to recovery

Many analysts expect President Lagarde to acknowledge the improving data picture which has generally hit expectations, and the positive contribution from the vaccine rollouts. But risks lurk on the horizon in the shape of the dominant Delta Covid-19 variant which means an uneven and fragile recovery.

Crashing bond yields may also be an area of debate as the July core bond surge might make even the ECB slightly uncomfortable.

What’s priced?

With the majority of analysts expecting nothing other than a dovish stance, the real question for traders is how much is priced in already. This is especially the case not only due to the recent declines in yield, but also in the euro. That said, the single currency has been supported this week in its guise as a safe haven, only underperforming JPY and CHF.

All eyes are on a break of yesterday’s low at 1.1751 leading down to the key cycle low at 1.1704. Any more bullish tact by Lagarde will need to push above 1.1850 to arrest the bearish momentum in the world’s most traded currency pair. There is also the risk of any pronounced price action being over-interpreted, as we are most definitely in less liquid seasonal summer markets.

For more information, please visit: FXTM

Written on 22/07/2021 by Lukman Otunuga, Senior Research Analyst at FXTM


Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Plus500 announces launch of Plus500 Invest, a new share trading platform

The platform will focus on providing clients with a simple and user-friendly experience to trade the world’s most popular shares and ETFs listed on exchanges worldwide. As with its existing platform offering Contracts for Difference (CFDs), Plus500 Invest will provide its users with advanced tools for analysis.

The announcement sees Plus500 move into mainstream stockbroking, adding a new dimension to the company’s growing product offering in line with its long-term vision to provide clients with unrivalled access to a range of financial and trading products, as it evolves into a multi-asset fintech group.

Invest in Stocks with Competitive Fees and Low Commissions

In contrast to many share trading platforms in the market, traders on Plus500 Invest will be able to trade with zero fees for:

  • Deposits and withdrawals
  • Inactivity
  • Custodial fees
  • Dynamic charts and graphs
  • Market data and quotes

Additionally, Plus500 Invest will offer competitive and transparent pricing, whilst remaining committed to low trading commissions.

Plus500 Offers a Gateway to Exchanges Worldwide

With Plus500 Invest, clients will be able to buy, sell and hold more than 1,200 financial instruments compromising of the world’s most popular stocks from the major indices in the US, UK, Germany and more, facilitating both portfolio diversification by both geography and sector as the global economy transitions into a post pandemic world.

The new platform will take the total number of instruments available to trade with Plus500 to over 3,700, with clients continuing to access Plus500’s expansive range of CFDs on a range of underlying global financial instruments across equities, indices, commodities, options, ETFs, foreign exchange and cryptocurrencies. The addition of Plus500 Invest extends Plus500’s industry-leading offering, providing a competitive and straightforward trading experience, without the burden of high trading commissions, or additional fees related to withdrawal, deposit, custodial or platform usage.

An Intuitive Platform for Seamless Stock Trading

Itself an established fintech group listed on the FTSE 250, Plus500 is firmly committed to providing the best possible trading experience for its customers. Leveraging its advanced technologies and proven capabilities to ensure its clients have maximum control over their trades, Plus500’s new product will allow traders to map out their strategies with integrated analytical charts and drawing tools, receive free email and push notifications on important market events and get a range of stock orders to choose from. All on a flexible and intuitive interface, traders who previously traded CFDs with Plus500 will find the Plus500 Invest to be very familiar, retaining a similar layout and screens.

Exciting Times for Plus500

Having built its presence as a leading platform for trading CFDs for over twelve years, 2021 to date has seen Plus500 rapidly execute on its vision to leverage its best-in-class technology to enable market access to a growing pool of retail traders. Earlier this year the company announced its acquisition of Cunningham Commodities LLC, a regulated Futures Commission Merchant and Cunningham Trading Systems LLC, opening its platform up to the US clients, with the subsequent launch of Plus500 Invest in Europe reflecting the company’s ongoing commitment to broaden its offering as it transitions to become a global, multi-asset fintech group.

And ongoing interest in the financial markets is set to drive further growth for Plus500, with the volatility of the equity markets, in response to news and developments associated with the economic recovery and vaccine rollouts providing multiple trading opportunities.

David Zruia, CEO of Plus500, said:

“Our long-term ambition is to enable simplified, universal access to financial markets as we continue to transition into a global multi-asset Fintech Group. We are thrilled to be already making significant progress in delivering this vision, with the recent launch of Plus500 Invest and the acquisition of Cunningham and CTS, both of which ensure that Plus500 can offer customers a diversified portfolio of products.”

Trade Nation launch a cost-effective new initiative on MT4 trading platform

This offer has no expiry date and is exclusive to traders who use MT4 via Trade Nation. The initiative applies to all 30+ FX products as well as gold and silver, although indices and oil are excluded.

By offering this fantastic deal, Trade Nation ensures that the costs of trading will be as low as possible, ultimately allowing its traders to maximise their profits. This is just one of the many steps Trade Nation is taking to make trading more transparent, welcoming and accessible for people from all backgrounds.

In addition to access to spreads starting at 0 pips and with $0 commission, traders using the industry-leading MT4 platform can also benefit from lightning-fast execution, auto trade functionality, and an extensive range of tools and features to help guide and inform their trades.

Trade Nation is a globally regulated company dedicated to providing a straightforward, streamlined approach to trading by shunning the unnecessary jargon and irrelevant platform features. It is also wholly committed to offering an exceptional customer experience with an in-house Customer Success team on hand to deal with all questions and queries 24 hours a day, Monday to Friday.

Number of Crypto Wallet Users Increases As the Crypto Market Expands

The constant expansion of the crypto market has led to an increase in crypto wallet users. On top of that, Bitcoin use keeps soaring to new heights, reaching a market cap of $928.5 billion in 2021, leading the rest of the crypto market.

The interest in cryptocurrencies is further boosted by corporations like Tesla, which started accepting them as payment methods.

In addition, financial service companies like Mastercard, PayPal, Square, and Venmo have announced plans to incorporate crypto wallets as part of their payment options.

Risk of crypto wallets

Due to the inconspicuous nature of crypto wallets, a door has been left open to cybercriminals. Recently large US companies’ cyber networks were held for ransom, and the criminals demanded payment in cryptocurrencies.

Criminals are constantly finding innovative ways to overcome the latest security features. Another form of infiltrating users’ wallets, recently used by the crooks, is malware that replaces the clipboard content every time you copy your crypto wallet address. The malware replaces your wallet address with the attacker’s address, and this type of crime has become way too common recently.

However, crypto exchanges like Binance, which has been subjected to hacking previously, have introduced a Secure Asset Fund for users, whereby 10% of all trading fees are collected to reimburse affected users.

Three Bitcoin coins lying on a table
Source: https://unsplash.com/photos/OG3A-ilG8AY

Benefits of trade through crypto wallets

Crypto wallets are easy to use for transfers which make them convenient. You don’t have the hassle of conversion and can quickly transfer a specific coin from one wallet to the next.

Crypto trading brokers allow you to fund or withdraw using your crypto wallet, a convenient service that has become the preferred method for many crypto traders.

Maxwise, a cryptocurrency broker, offers such services to its customers, whereby you can fund or withdraw from your account using a crypto wallet.

They offer trading of various crypto coins, including the leading Bitcoin, Ethereum, and Tether coins. Trading is possible through a web-based platform that is compatible with any device and gives traders access to the markets 24/7.

Maxwise pays attention to its customers by providing market variety, account safety, dedicated support, and an easy-to-use trading interface.

They have designed tailor-made security and performance technology for the protection of users’ information and funds.

Maxwise’s dedicated customer support is available for queries 24/5 and can be contacted via email or the live chat service on the website. Although trading is open seven days a week, Maxwise’s customer support does not operate on weekends.

In addition to crypto funding, Maxwise also allows payment via credit cards and wire transfers.

Bottom Line

Notwithstanding the risks involved, trading through crypto wallets has many benefits; in addition, crypto exchanges and brokers are constantly improving their security measures.

Maxwise offers flexible payment options. They ensure the highest level of security technology to safeguard their customers against malicious activities, which makes them a solid consideration for crypto trading.

Is the Sudden Boom in Online Trading Linked to COVID-19?

The pandemic has crippled the global economy to the degree that individuals started looking to the online trading domain for financial relief.

The pandemic has created significant market disruptions, causing high volatility in the currencies and crypto markets. An example of the pandemic’s impact was the crash of crude oil dropping to -$37.63 per barrel in April 2020, for the first time in history.

Traders immediately grabbed these opportunities to profit from the market. In 2020, online trading brokers reported a surge of 20% to 30% in trading volume, and demand continued to increase into 2021.

The crypto markets especially saw a boom in online traders as many are confident in the future of crypto coins. It also seems that new traders prefer the convenience of app trading, making trading possible on the go.

In addition to the pandemic, social media has also played a significant role in creating an interest in online trading – especially with regards to the crypto markets, which are gaining a lot of social media exposure, increasing their popularity.

The attraction to online trading is not solely related to making money but also due to many having free time on their hands during the lockdown. Some found it interesting to learn to trade and started it to occupy their time.

Cryptocurrency values on display
Source: https://www.canva.com/design/DAEj6Y3lh08/vQUDwScsaMsj7hXosU3q6g/edit

How to start online trading

To start online trading, you will have to join a broker that offers these services, including support and guidance for new traders.

Globalbase is a crypto trading platform that offers a variety of digital assets to trade. Their platform’s advanced technology provides a user-engaged experience.

The trading platform is web-based, requiring no app downloads, and is accessible via multiple devices, provided you have a stable internet connection.

Globalbase has equipped its trading platform with tools to allow fast execution of orders, high levels of security, and an intuitive interface for easy navigation.

As support for beginner traders, Globalbase has created a blog section with informative topics on advice for beginners, the best crypto coins in 2021, and safety tips to protect your account. They also made provision for a FAQ section providing answers relating to withdrawal queries.

Their withdrawal policy is transparent, stipulating the procedure for initiating a request and methods of payment. Upon signing up, a personal manager to advise and guide you is an option to consider. Globalbase offers dedicated customer support 24 hours, six days a week.

Bottom Line

Online trading is no longer limited to Wall Street traders, as the general public is finding it an easy alternative to generate consistent income. The industry has made it accessible to anyone to start trading online. Brokers like Globalbase have ensured their platform is user-friendly and aim to build a supportive community to grant new traders an easy experience.