Global financial services provider Orbex recently celebrated its first decade in operation as a regulated FX broker. 

The celebratory event occurred on October 17^th, 2020 in Limassol, Cyprus, the town the company has called home since its inception in 2010. 

The evening brought together members of the HQ staff, Orbex business partners as well as his excellency the Mayor of Limassol and various esteemed members of the Limassol Municipality, in a gala filled with music, fireworks and gifts of appreciation.

The 10-year anniversary was not the only milestone being celebrated, however, with a host of other accomplishments marking this year as a success.

Most notably, the company recently enhanced its trading conditions and account types, offering its clients spread as low as zero. 

The company also continued its 10-year streak of a 100% clean regulatory record, a remarkable achievement considering the strict European framework that CySec-regulated firms must abide by.

“It is a testament to the values that Orbex is founded on that the company has maintained a decade of strict adherence to the rules of our nation’s highest regulatory authority. I am proud today to celebrate this occasion with a local company that leads by example” said Limassol Mayor Nicos Nicolaides. 

The anniversary comes just one year after Orbex secured its FSC license under Orbex Global Ltd., considerably increasing the number of clients the company is geographically able to serve across the globe, as well as significantly raising the available leverage for those eligible to trade with the Mauritius-based Orbex entity.

“When I started Orbex in 2010, I wanted to establish a financial services firm that was known first and foremost for its ethics and transparency. Now, one full decade later, I am beyond proud of the reputation we have built and the loyal community of traders we have created” said Orbex Chairman Abdullah Abbas. 

In addition to the regulatory developments and expansion of financial tools, this year, Orbex also brought home the title of Best Forex Broker 2020 MENA & EU, awarded by Global Banking and Finance Review. 

This award has been added to the impressive list of titles Orbex has obtained over the years, including “Best Trading Education Provider”, “Best Analysis Provider” and “Best FX Forecast & Strategy Provider”, in keeping with the company’s philosophy of promoting an informed and responsible approach to the forex markets. 

“I stand here today humbled by many things; by the hard work and dedication of the Orbex team, by the successes that we have achieved, and by the bright future I see for our brand in the years to come. I am beyond excited to enter this new decade, more passionate and dedicated to serve traders responsibly than ever” Abbas Added.

About Orbex

Orbex Limited is an award-winning global forex broker, fully licensed and regulated by CySEC. Headquartered in Limassol, Cyprus, Orbex specializes in the provision of access to the world’s largest and most liquid financial markets.

Orbex Global Limited is fully licensed and regulated by FSC Mauritius and headquartered in Ebene, Mauritius.

The companies offer multiple asset trading including forex, indices, commodities and metals. With a focus on research, analysis and enhanced security of client funds, Orbex upholds a reputation of seasoned expertise within the industry.

EverFX becomes Sevilla's FC latest sponsor

EverFX, a forex broker has become an official sponsor and global partner for Sevilla FC.  The company's logo will appear on the front of the first team's shorts from this Saturday at the Santiago Bernabéu. EverFX signed a deal until the end of the current football season in Europe with an option to extend the validity into next year.

Sevilla FC and EverFX, a FOREX company, have reached an agreement for the company, who has its headquarters in Cyprus, to become an official sponsor of the team. Sevilla is Europa League’s winningest team and one of Spain’s most successful football clubs.

EverFX is a trade name of ICC Intercertus Capital Limited. ICC Intercertus Capital Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC). EverFX is a broker of CFDs on forex, metals, commodities and more, offering retail and professional traders the liquidity and state-of-the-art platforms to trade derivatives over the internet.

The CEO of EverFX, Georgios Karoullas, has commented on the deal: “This is an agreement we’re equally proud and excited about. From scouting players and nurturing young talent to winning on the highest level, Sevilla FC have set the standard for excellence both on and off the football pitch. EverFX wants to share and amplify everything this great football club stands for and we’re happy to embark on this journey with such an elite team.”

Sevilla FC's website states that the team and the broker operates under the same values of justice, transparency and competition, so it was the perfect choice to collaborate with.

OANDA makes its leadership stronger with new appointments

Online multi-asset trading services and currency data and analytics company, OANDA Global Corporation has further strengthened its leadership team with two key appointments designed to help the firm execute its aggressive growth plans in the near future.

Mark Chesterman has been named Head of Trading, responsible for leading the global trading team, quantitative analytics and research groups from the firm’s London office. He has an extensive background in global capital markets and foreign exchange. A 14-year veteran with IG Markets, Chesterman held a variety of positions throughout his tenure including Head of FX and Futures, however most recently he served as Chief Operating Officer with Stater Global Markets.

Chesterman will report directly into Kurt vom Scheidt, who has accepted the newly-created role of Chief Operating Officer. Originally hired as Chief Product Officer earlier this year, vom Scheidt will now lead the Trading, Product Management, Financial Risk, Business Operations and Solutions for Business teams, playing a pivotal role in supporting OANDA’s continued growth in his expanded capacity.

Chief Executive Officer, Gavin Bambury commented, “A seasoned professional with more than 30 years’ experience in the financial services sector – not to mention first-hand experience of working at OANDA – Kurt was an obvious choice for the role of Chief Operating Officer. He is perfectly placed to help drive product improvements, oversee the trading infrastructure and manage financial risk.”

Bambury continued, “Over the course of the coming months, we will continue to strengthen the OANDA team with a series of strategic hires designed to help accelerate business performance, improve our customer trading experience and fuel company growth. OANDA has an exciting year planned for 2020, and we’re fully committed to making sure we have the best possible talent in place to help us achieve our goals.”

OANDA is a technology-driven, a financial services corporation founded in 1996.Company’s regulations are divided by geographical region of the company presence: OANDA Europe Limited – authorized by FCA (UK), OANDA Asia Pacific Pte Ltd – authorized by MAS (Singapore), OANDA Australia Pty Ltd – authorized by ASIC (Australia), OANDA (Canada) Corporation ULC is regulated by the IIROC. You can read our full OANDA review here.

BDSwiss Fundamental Analyst on German Elections 2021

The veteran fundamental analyst and Head of Investment Research at BDSwiss Marshall Gittler has shared his insights, views and projections on the upcoming  German Elections Report  and its impact on the EUR forex pairs. As the German Elections are getting closer, traders are already attempting to identify the biggest potential winners and losers in the forex and EU stock markets. 

German Election in the Focus

The German federal election will take place on Sep. 26^th. This is the first such election in 16 years that won’t have Angela Merkel on the ballot. As Germany is the pivotal economy in Europe its future strongly influences the continent and the currency. So everyone wants to know if there will be a drastic change after 16 years under Merkel. 

Due to specifics of the Germany’s electoral system, it is difficult for any one party to form a government on its own, meaning that coalition governments tend to be the rule. 

The polls show the CDU/CSU is leading, but with the Greens, rather than the SPD, in second place. As usual, no party is likely to be in a position to govern by itself. The focus, therefore, is on what parties might form a coalition and how they need to compromise in a coalition that might affect their policies. 

Currently, the only two-party coalition possible seems to be the CDU/CSU and the Greens (the so-called “black/green” coalition). Gittler believes that it is the most likely outcome of the election now. 

According to Gittler, these two parties have similar views on infrastructure investment, social policies, and climate change, although the Greens are more aggressive on the latter issue. But there are also big differences in some of the aspects of the parties. The CDU/CSU doesn’t want any tax hikes and wants to keep the debt brake and balanced budget target, while the Greens on the other hand want a wealth tax, higher taxes for the top income earners, want to make the debt break more flexible, and support a common EU fiscal policy and reform of the SGP. 

At the moment, US fiscal policy is making a bigger contribution to growth there than EU fiscal policy is, but in coming years as the US winds down its extraordinary policies and the EU’s NGEU fund continues to disburse funds, the EU’s fiscal contraction should be less acute than the US’. That may be one-factor supporting EUR/USD. If however, Germany goes back to ploughing the furrow of Teutonic rectitude, EU growth could slow and EUR/USD move still lower.

Visit bdswiss.group to access Marshall Gittler’s full German Elections Report and get a complete breakdown of what we can expect from the markets before and after the elections. 

RoboForex, an international financial company, has received a license from the National Bank of the Republic of Belarus. Its affiliated company was listed in the forex companies registry in accordance with the country’s current and local legislation.

To enter a new market, RoboForex and RoboMarkets joined their expertise and financial technology efforts to provide their clients with the best possible quality of services. After careful consideration, the Companies made a decision to use the RoboForex brand for offering their services in the region. The decision was motivated by RoboForex’s sound experience in the provision of financial services, wide brand awareness among CIS clients and the ability to provide competitive trading conditions corresponding to its clients’ needs.

Over ninety-seven Forex trading instruments, Metals, Commodities, Indices, and CFDs on stocks will be available for the clients of the Company. Access to trading operations will be made through the MetaTrader 4 platform.

Andrei Dziarnovich, CEO RoboForex BY, is commenting on the event:

“Receiving the license of the National Bank of the Republic of Belarus is a very important step of our expansion in CIS countries. Our key priority is to lead the industry whilst providing quality services on global financial markets, attractive trading conditions, and reliable protection of our clients’ interests.”

RoboForex Group recognized by the most respected experts of the Financial Market while operating since 2009 through 2 world companies RoboForex with operation around the world and RoboMarkets Ltd that support countries if the EU and the EEA. The company serves numerous clients around 800,000, from 170 countries and brings support in 18 languages, with the focus to develop trading offering by innovative technology solutions and numerous modern tools for trading. You can read our full RoboForex review here.

ThinkMarkets has been awarded a licence by the Financial Sector Conduct Authority (FSCA) to offer electronic financial trading services to South African investors.

2010 saw the launch of ThinkForex in New Zealand with an aim to improve the forex trading experience by delivering leading technology to the community. Further, due to the company’s rapid expansion program and to meet growing demand the broker took a brand name ThinkMarkets to improve client security under ASIC and FCA, the company relocated global headquarters to London and Melbourne. You can read our full ThinkMarkets review.

South Africans will be able to begin trading on the ThinkMarkets platform from 1 April 2019 with the confidence of a locally regulated firm. The local business will cater to the needs of South African traders and offer ThinkMarkets’ wide product range. An office will also be set up in Johannesburg.

ThinkMarkets plans to offer a range of South African products including Rand based currency pairs such as USD ZAR, GBP ZAR and EUR ZAR as well as CFD indices and equity derivatives that are actively traded by investors on the Johannesburg Stock Exchange.

“We are delighted with our newly approved licence which is a testament to our commitment to offering contracts for difference (CFDs) and forex to global traders with the confidence of a regulated and safe trading environment,” Faizan Anees, managing director and co-founder of ThinkMarkets said.

ThinkMarkets is not the only brokerage, or the first one, who decided to expand its business in South Africa. Some of the largest brokerages have already expanded their footprints there and are already providing their service to SA residents. Many of the international brokers in South Africa are now in the process of obtaining the license from the  FSCA.