Finance

As with any form of financial investment, there are several risks associated with forex trading as well. By keeping up with news, developments and major events across the calendar, you can be aware of the changes taking place in the market. If you’re not careful, you may end up with significant losses. Here are some…

Since the launch of the Forex market, the debate has been continuing and interestingly, still did not lose its power. As a follower of the stock market, the Forex industry has definitely closed the gap or even may have outpaced it.  The data about trading activities in 2020 are not crystal clear yet. However, we…

El Salvador, with a population of 4.5 million adult citizens, declared $30 in Bitcoin to all adult citizens.  Last Thursday, the president of El Salvador, Nayib Bukele, announced that starting from September 7, the new bitcoin law will be in effect. According to the law, the digital currency will be legal tender.  Furthermore, he confirmed…

The largest Crypto scam in history took place in South Africa. The two brothers, who founded a cryptocurrency exchange called Africrypt, disappeared with 69 thousand Bitcoins. Bad news from the Crypto world came from South Africa. The founders of South African crypto exchange company Africrypt made the biggest Crypto heist in history. They defrauded their…

South America’s first 100% Bitcoin-based ETF opens for trading in Brazil. Latin America’s largest asset management firm, QR Capital from Brazil, is launching the continent’s first 100 per cent bitcoin-focused ETF. The ETF will launch on the Brazilian Stock Exchange on June 23, with access to 100 per cent Bitcoin. The new Bitcoin ETF will…

Saxo Bank allows investors to trade in Bitcoin, Ethereum, and Litecoin in the MENA Region. Saxo Bank, an online trading platform, provides services to clients in the Middle East and North Africa (MENA) to trade Litecoin, Bitcoin, and Ethereum against USD, EUR, and JPY.  With the new offerings of Crypto FX, Saxo Bank relinquishes a…

Saxo Bank is the parent company of Saxo Markets, which is an online investment specialist and trading platform. Saxo Markets announced that Saxo Bank earned CSA Security, Trust and Assurance Registry Level 2 Attestation and Trusted Cloud Provider accreditation. Acquiring CSA Star Level 2 became the first financial institution and licensed bank with such an…

While the financial year ended on 31 March 2021, CMC markets’ performance portrayed a promising picture with their increasing profit at 127 % before the tax.  CMC markets are online financial trading service providers. According to their financial results shared on the final day of the year, 31 March 2021, the company experienced an increase…

According to Saxo Bank’s May statistics, there is a further gradual slide in forex trading demand across months. Nonetheless, the overall volumes seem to recover so it is early to say that Saxo Bank is down.   Forex monthly volume has shrunk from $124.2 billion to $104.3 billion since last month. That refers to a downsizing…

The Forex industry is currently the fastest-growing financial market in the world. While everything becomes online especially during the pandemic, Forex tools attract more and more traders by allowing them to make transactions at any time they want. However, it should be said that lots of people still have a fear of Forex trading, heavily…