Category: Forex

February 07, 2023 BY Steffy Bogdanova

Oanda exits Malta in March, consolidates its European operations under Polish entity

OANDA Group’s fully owned subsidiary, OANDA TMS, is supervised by the Polish Financial Supervision Authority and participates in the Investor Compensation Scheme operated by the National Depository for Securities S.A. (KDPW). Following the strategic reorganisation, active traders in Europe will be able to gain access to the broader TMS product offering with wider range of…

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Market Analysis
February 06, 2023 BY Steffy Bogdanova

Technical Market Outlook and Review: On the back of a buoyant dollar, downside risks for the EUR/USD remain high

XAU/USD (Gold) The price of gold ended European trading considerably off best levels versus the US dollar on Monday after H1 price pencilled in a picture-perfect rejection from Quasimodo support-turned resistance from $1,879. This reaffirms not only the scope for short-term flow to zero in on H1 Quasimodo resistance-turned potential support at $1,857, it also…

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plus500 revenue
February 06, 2023 BY Steffy Bogdanova

Plus500 secures DFSA licence in United Arab Emirates

David Zruia, CEO of Plus500, commented: We are delighted to have received licence authorisation from the DFSA in the UAE and we are excited to bring our market-leading technology capabilities to customers in the region. This is the latest realisation of our strategy to enter new markets, develop new products, and deepen engagement with our…

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February 06, 2023 BY Steffy Bogdanova

Brokeree Solutions’ flagship Social Trading integrates with XCritical

Brokeree Solutions’ flagship investment system, Social Trading, allows brokers to effortlessly launch copy trading across their servers. The solution offers convenient interface which allows users to switch between different MetaTrader 4 and 5 servers in a few clicks. This feature allows signal providers and followers to react quickly to market changes and comfortably control the…

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Ahmed Negm joins XS.com as Head of Market Research - MENA
February 06, 2023 BY Steffy Bogdanova

XS.com hires Ahmed Negm as Head of Market Research - MENA

Mohamad Ibrahim, Group Chief Executive Officer (CEO) at XS.com said: We are thrilled to welcome Ahmed Negm our new Head of Market Research for the MENA region to the team. Ahmed’s expertise and passion for understanding the intricacies of the financial markets will be invaluable as we continue to grow our client base and expand…

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Britannia Global Markets
February 03, 2023 BY Steffy Bogdanova

Britannia Financial Group announces organisational changes

Britannia Global Masrket The Group’s brokerage business arm, Britannia Global Masrket Limited, has appointed Steve Pettitt as CEO. Current CEO, Ian Johnson will remain in his position until the transition is complete to ensure smooth handover. Pettitt currently serves as Director of Sales and has been instrumental in the growth of the company over the…

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FCA
February 03, 2023 BY Steffy Bogdanova

FCA asked firms to amend or take down 8.5K adds in 2022

FCA highlighted that t has made improvements to the digital tools it uses to detect problem firms and problematic advertisements, allowing the regulator to work on a larger amount of cases compared with 2021. ‘Fin-fluencers’ were pointed out as a growing concern as the regulator warned that unauthorized individuals should not give advice on certain…

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February 03, 2023 BY Steffy Bogdanova

Italy’s Consob blocks 5 unauthorised firms

The financial services platforms offer high-risk investment instruments such as forex instruments and contracts for differences(CFDs), shares and other asset classes and cryptocurrencies. One of the entities on the lists claims to be fully EU regulated broker but has not specified details on its license. Consob has the authority to block websites offering illegal financial…

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European stock market experiences positive change
February 03, 2023 BY Steffy Bogdanova

Technical Market Outlook and Review Ahead of the NFP

S&P 500 Recent movement on the S&P 500 has largely been one sided since the index journeyed above weekly trendline resistance last week, taken from the high at 4,818. Up 2.7% on the week, the next level of resistance to perhaps throw a spanner in the works is Quasimodo resistance on the weekly scale at…

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