FNG Exclusive… FNG has learned that Cyprus based FX broker and services provider TopFX has seen the departure of senior management member Michael Nichols. Michael Nichols joined TopFX in early 2019 as Head Of Institutional Sales, and was later promoted to Director Of Institutional Sales. Prior to TopFX he was a B2B sales consultant to…
Read More “Exclusive: TopFX institutional sales head Michael Nichols resigns” »
The U.S. Commodity Futures Trading Commission (CFTC) has announced that it has issued an order filing and simultaneously settling charges against Dubai residents Kunal Bansal and Vinit Agarwal and their Hong Kong and Dubai based firms Aralia Securities Ltd. and Vintage Bullion DMCC, respectively, for engaging in wash sales and non-competitive transactions. The order requires…
Read More “Dubai / Hong Kong trading firms hit with fines for Wash Trades” »
The basic events and factors which move the market daily (fundamentals) are included but not limited to the following:A. Interest RatesThe interest rate determine whether traders will buy (invest) and preserve their value in a particular currency or sell off for another. The higher the interest rate the more investors come in and buy long….
Throughout this year, several companies have effectively rebranded, which includes seven brokers. January 2021: CMC Markets, the world’s leading online trading broker, announced that its institutional business unit has been renamed CMC MarketsConnect (CMC Connect). The company said that this move reflects that CMC Connect will operate as a true liquidity provider, and its business…
You might be tempted to pop corks if youve invested in vintage champagne this year – the most coveted bottles have outperformed all major financial market assets, from Big Tech to bitcoin.Online platforms that allow you to trade desirable wine, champagne and spirit vintages, much like stocks or currencies, have seen record activity and bumper…
Read More “Asset bubbles? Champagne outfizzes Big Tech and bitcoin in 2021” »
How to Choose a Forex Broker Choosing a forex broker requires you first to figure out what type of investor you are and your goals in investing in currencies.Each broker that features forex investments has advantages and disadvantages. Some of the most important things to consider are regulation, the level of security provided by these…
Read More “How to Choose the best Forex Broker: you need to know these query tools” »
What is a forex and how does it work?Forex, also known as foreign exchange or FX trading, is the conversion of one currency into another. Example: Take a trip to the U.S.Before departure: RMB/U.S. dollar exchange rate: 1:6.2; 6,200 yuan = 1,000 U.S. dollarsWhen returning (1):RMB/USD exchange rate: 1:7.21000 USD = 7200 yuanMade 1,000 yuanWhen…
Read More “One article Quickly understand the foreign exchange market” »
The following is a guest editorial courtesy of Andrew Lane, CEO of sentiment-based technology company Acuity Trading. Inflation, Omicron, energy crisis, Evergrande default, bond tapering and tensions between the US and China. These grabbed the headlines in 2021. Even in the face of such uncertainties, markets showed great resilience, and 2021 was overall a terrific…
The Cyprus Securities Exchange Commission (CySEC) announces that it has investigated the compliance of Forex broker AFX Capital Markets Ltd with The Investment Services and Activities and Regulated Markets Law and has decided to withdraw the Cyprus Investment Firm (CIF) authorisation of the company. Let’s note that the public announcement is made several months after…
Read More “CySEC announces withdrawal of AFX Capital Markets license” »
The Joint Special Administrators of Reyker Securities have provided an update to clients of the company. Despite extensive efforts to trace and notify Clients of the JSAs’ intention to close the Client Money Pool, there are over 800 Clients (previously 900) with Client Money totalling about £1 million yet to submit a claim and new…
Read More “Over 800 clients of Reyker Securities yet to submit claims” »
