logo |

News

    Home   >     Industry    >     Main body

    Broker Updates on Mar. 29 - Apr. 4

    Abstract:Errante offers clients in Vietnam market a demo account trading contest. The contest prize is extremely attractive with the first prize of 1500 $, the second prize of 1000 $, the third prize of 500 $.

      Vietnam

      Traders Contest

      1. Errante offers clients in Vietnam market a demo account trading contest. The contest prize is extremely attractive with the first prize of 1500 $, the second prize of 1000 $, the third prize of 500 $. The event takes place from April 1st, 2021 to April 30th, 2021.

    1.png

      Retail CFD Trading

      2. The Australian Securities and Investments Commission (ASIC) has implemented restrictions on retail CFD trading from Monday, limiting the leverage offered by brokers from 500: 1 down to a maximum of 30: 1.

      In addition, the Australian regulator has policies to protect traders by enforcing negative balance protection as well as marketing tactics such as offering discounts and gifts to customers.

      See ASIC's full announcement at: https://download.asic.gov.au/media/5828628/public-notice-cfd-pip-22102020.pdf

    2.png

      Trading Hours

      3. CJC announced that from March 28, 2021, Europe will start Daylight Saving Time, so the trading hours of some products at CJC will also change.

      Specifically, BRNUSD products change to trading hours 05:05 - 3:55, Monday - Friday. EU SHARES products change to trading hours 14:00 - 22:29, Monday - Friday. : Trading time above is Vietnam time (GMT + 7).

    3.png

      Brand Identity

      4. On March 29, FBS had a complete change in the brand identity system of this broker online and offline. This fresh style brings a more modern, more digitized and user-friendly interface.

      Especially this time, FBS is expanding, creating new products and features:

      - FBS Trading Broker: Smart electronic space with all necessary information for trading activities. Easy way to manage money and check your progress.

      - FBS Trader: Integrated trading platform application that allows access to global markets anytime, anywhere.

      - FBS CopyTrade: A powerful social trading application for those who want to make a profit and gain knowledge by copying successful traders.

    4.png

      Indonesia

      Capital Market

      5. JAKARTA - The plan for the Social Security Administration or BPJS Ketenagakerjaan to reduce the composition of investments in stocks and mutual funds instruments is a sentiment to suppress the Composite Stock Price Index (IHSG). Until the close of the first session, the composite index has decreased quite deeply.

      Hendriko said that one of the main reasons that caused the JCI to fall was the statement of BPJS Ketenagakerjaan that would leave the capital market to reduce the risk of falling prices in the market.

    5.png

      Thailand

      Monetary Penalty

      6. The Cyprus Securities and Exchange Commission (CySEC) announced that it has fined X Global Markets Ltd €50,000 due to shortcomings in the companys anti-money laundering controls.

      Accurate details of the settlement have not yet been made public, but the violations were related to the general principals of the Money Laundering and Terrorist Financing Law (L. 188(Ι)/2007). The enforcement action was a result of the compliance onsite investigation started by the regulator between April 2016 to July 2017.

    6.png

      Japan

      Transaction Data

      7. Monthly Trading Volume & Open Positions for Over-The-Counter Retail Margin FX Trading.

      Currency Pair: All

      Unit: 1million JPY

    Month Year Total
    Trading Volume Short Positions Long Positions Total Positions
    2 2021 467,116,329 3,805,173 3,736,908 7,542,081
    1 2021 443,906,074 4,059,641 3,977,983 8,037,625
    12 2020 541,846,594 2,937,135 4,531,111 7,468,246
    11 2020 627,568,264 3,052,830 4,594,259 7,647,089
    10 2020 442,174,347 2,409,487 5,053,420 7,462,907
    9 2020 547,928,684 2,780,414 4,642,894 7,423,309
    8 2020 515,596,559 3,051,890 3,979,680 7,031,570
    7 2020 457,859,046 2,835,447 4,192,171 7,027,619
    6 2020 548,609,880 2,823,179 3,710,218 6,533,397
    5 2020 428,535,413 2,882,972 3,427,860 6,310,833
    4 2020 513,795,720 2,370,360 3,662,492 6,032,852
    3 2020 1,015,612,352 2,184,643 3,456,017 5,640,660
    2 2020 403,114,937 2,130,078 4,563,690 6,693,769
    1 2020 321,926,487 2,535,057 4,856,347 7,391,404

      The data in this file are a summary of figures reported by Association members participating in the monthly statistical report on Over-The-Counter Retail FX Margin Trading, published by The Financial Futures Association of Japan (FFAJ).

      Commonwealth of Independent States (CIS)

      Crypto Instruments

      8. From March 29, 2021, TeleTrade will provide its clients with access to 71 crypto-instruments on MetaTrader 5.0 accounts. A variety of tools will help TeleTrade clients diversify their sources of profit in the financial market.

      In the near future, the broker also plans to significantly expand the list of crypto instruments on MetaTrader 4.0 accounts, which will be announced later.

      Funds Withdrawal

      9. Clients of the international financial brand Alpari now have access to withdraw funds through the popular payment system Moneta.Ru. Most importantly, operations for withdrawing funds through an electronic wallet can be performed without commission!

    The brokers involved in the article

    Malaysian Ringgit

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    Current Rate  :
    --
    Amount
    Malaysian Ringgit
    Available
    -- United States Dollar
    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.