Belgian Financial Watchdog Cautions Against Proprietary Trading Risks
US proprietary trading sector faces setback. MetaQuotes revokes licenses, forcing firms to halt new registrations. Uncertain future looms. Belgian FSMA warns traders of risks. Traders face challenges in costly training. Some never pass, firms profit. FSMA notes use of demo accounts for commissions, terms unclear. FSMA cautions against trading, urges scrutiny of associated ecosystems. Proprietary firms not authorized for financial services. Heed FSMA warning for safer trading.
Beware of Tezos Markets
The Financial Conduct Authority (FCA) warned the public regarding Tezos Markets. The FCA stated that Tezos Markets is not authorized by them and advised individuals to be cautious when dealing with this entity.
eToro Aims for $3.5 Billion Valuation in London or New York IPO
Learn about eToro's strategic move towards an IPO, targeting a valuation surpassing $3.5 billion. CEO Assia highlights a surge in trading, coinciding with significant cryptocurrency milestones. Details on venue and valuation remain undisclosed.
Fintech Startups Look to Bridge Gap Between Traditional Finance and Crypto in Nigeria
Nigerian fintech startups are at the forefront of a transformative movement, merging the established world of traditional finance with the exciting potential of cryptocurrencies
Impact of Market-Determined Rates for Forex on Nigeria’s Economy
The shift towards market-determined forex rates presents both opportunities and challenges for the Nigerian economy. While increased efficiency, export competitiveness, and potential for higher government revenue are attractive propositions, managing inflation, exchange rate volatility, and the external debt burden require careful policy measures and economic diversification.
STAKEHOLDERS CALL ON FG AND CBN TO STABILIZE THE CURRENCY AND SAVE THE INDUSTRIAL SECTOR.
Shola Badimu, the Director General of the Nigerian Association of Chambers of Commerce, Industry, and Agriculture (NACCIMA), has urged the Nigerian government and the Central Bank of Nigeria to resolve the nation's currency crisis in order to preserve the manufacturing and productive sectors.
FOREX TRADERS FROM NIGERIA HAVE GONE MISSING, ONE WEEK AFTER A NATIONWIDE EFCC OPERATION.
Three Bureau de Change operators informed on Monday morning that they and currency dealers are avoiding street trading as a result of legislative changes that targeted them last week. At least two operators mentioned their concern about being taken into custody by EFCC (Economic and Financial Crimes Commission) agents.
FOREX TODAY: THE WEEK AHEAD OF THE US TREASURY NOTE AUCTIONS IS BEGINNING CAUTIOUSLY.
The US Dollar (USD) Index broke a five-week gaining streak and now trades in a limited range at approximately 104.00. The US economic docket on Monday will only include data pertaining to the change in January new home sales. Later in the day, the US Treasury will host auctions for 2-year and 5-year notes, while Christine Lagarde, the president of the European Central Bank (ECB), will give a speech.
FOREX TODAY: IMPORTANT INFLATION DATA MIGHT SET OFF THE NEXT MAJOR EVENT
During Wednesday's American trading hours, the US dollar and US Treasury bond, early on Thursday, attention turns to the January data for the Personal Consumption Expenditures (PCE) Price Index—the USD Index (DXY) remains below 104.00. Market players eagerly observing preliminary February Consumer Price Index (CPI) data from Germany and the fourth-quarter GDP report from Canada.
Robinhood Teams Up with KLUTCH Group for Sports Partnership
Robinhood recently announced an exclusive partnership with Klutch Sport Group, the organization founded by Rich Paul, the agent of the legendary basketball player LeBron James.
Philippine NTC Directs ISPs: Block OctaFX Websites
The Philippine National Telecommunications Commission (NTC) orders ISPs to block OctaFX due to SEC's investor protection mandate. Unregistered securities trading poses risks. Stay vigilant when investing.
MitraTrade, OctaFX Sites Blocked; Binance Accessible In the Philippines
The NTC's crackdown on cryptocurrency sites reflects the Philippines' commitment to regulating digital assets. The SEC & NTC partnership aims to safeguard investors & financial integrity.
The FSMA warns consumers against shadow investment games.
The FSMA (Financial Services and Markets Authority) has issued a cautionary alert to the public regarding the operations of prop trading firms. These entities engage in proprietary trading, allowing individuals to participate in simulated investment activities across various financial products like shares, bonds, commodities, cryptocurrencies, CFDs, and forex, without utilizing their capital.
FSMA Raises Red Flag on Prop Trading Firms
The Financial Services and Markets Authority (FSMA) issued a public warning against proprietary trading firms. There goes another hit for the proprietary trading firms!
Warren Buffett: Crypto Will Come to A Bad Ending
Warren Buffett: cryptocurrencies will come to a bad end! Do you agree or disagree with him?
TradingView Expands Partnership Network with the Addition of IC Markets
IC Markets partners with TradingView, offering high liquidity trading with minimal latency. Start trading CFDs on various assets directly from familiar charts.
El Salvador Holds Bitcoin; Bitcoin ETFs Launch in Brazil, Peru
El Salvador's President confirms Bitcoin reserves; Bitcoin ETFs launch in Brazil & Peru. Argentina targets central bank money issuance. Read more.
OctaFX's CHAMPION DEMO CONTEST 2024
OctaFX, a well-known and reputable broker, announces the Champion Demo Contest 2024. The Contest is organized and run by Octa Markets. The contest will start on 11 March 2024. By Simply signing or logging in you can participate in the demo contest.
Blockchain Expo North America Returns to Connect Blockchain, Crypto, NFT and Web3 Ecosystems
Blockchain Expo North America returns for its 8th year, taking place on June 5-6 2024 at the Santa Clara Convention Center in California. The event and conference is tailor-made for the ambitious blockchain enthusiast who is looking to learn the latest advancements and innovations within blockchain, crypto, NFTs, web3 and more.
Bitcoin and Gold Hit All-Time Highs in Simultaneous Surge
Experience unprecedented highs as Bitcoin soars past $69,000, and gold hits $2,141.79 per ounce. Discover the unique convergence of these assets amid global uncertainties and evolving monetary policies.