Category: Brokers

A few days ago an international online forex broker FXTM (ForexTime) has announced the appointment of Marcelo Spina as Global Head of Partnerships.
FXTM is an international online forex broker offering financial services in forex, CFDs on spot metals and CFDs on Commodity Futures, Indices and Shares. ForexTime Ltd provides its services to more than 10,000 clients in 135 countries around the world, highly emphasizing clients’ fund safety and the protection of investment. ForexTime Ltd, ForexTime UK Ltd and FT Global Ltd are the three entities under the FXTM brand. All are authorized and regulated by various global jurisdictions. You can read the full review of FXTM here.
Among the main tasks of Marcelo Spina will be spearheading all aspects of the global partnership business, expanding the geographical reach of partnership engagements, introducing new institutional products and services, and overseeing the business development and support teams for the partnership business.
Prior to joining FXTM, Mr. Spina most recently held the role of Director of Institutional Sales at Saxo Capital Markets and before that, Head of Partnerships at Gain Capital and Vice President of Sales at FXCM.
Marcelo Spina has commented on the announcement: "I have been closely monitoring the continued progress that FXTM has made in the industry over the past few years and I am excited to be joining a brand that places such a high emphasis on commitment to long-term relationships with its partners."

Only a few days after receiving a new FCA license and a few weeks after opening its Dubai office HotForex is rebranding. Retail online forex broker has announced it will rebrand its European entity as HF Markets by the end of January, 2019. The group of companies in the HF Markets Group have been using both HotForex and HF Markets trading names.
However, the broker assures that there be no corporate changes whatsoever with regards to the rebranding, nor there will be any amendments to clients’ accounts or their ability to access their trading portfolios. All of the changes will not be appreciable. The company's old logo will be replaced by its new one on the website and mobile application. The broker’s ‘client area’ will also be undergoing a name change. Now it is called "myHotForex" and it is going to be replaced with "myHF".
HotForex is a multi-asset broker that offers forex and commodities through CFDs trading services. The company established in 2010 while headquarters in Cyprus, but in addition serves several global offices along with different licenses, which enhances their offering to another world client, established in St. Vincent and the Grenadine as an International Broker Company, in Mauritius and South Africa. HotForex is a brand name of the HF Markets (Europe) Ltd. that is authorised and regulated by the CySEC, FCA UK, BaFin Germany, CONSOB Italy, CNMV Spain, FSA Denmark, and more. You can read our full HotForex review here.

Switzerland-based forex bank and broker, Dukascopy, has warned customers that forex trading company GCG Asia is fraudulently claiming to be the bank’s authorized firm.

In the announcement, Dukascopy Bank cautions  that neither it nor any entities of Dukascopy Group have relations with GCG Asia, although the latter fraudulently claims the opposite:

"Please mind that contrary to the fraudulent allegations of GCG Asia, GCG Asia is not in collaboration with Dukascopy Bank or with any other entity of Dukascopy Group.GCG Asia is fraudulently using Dukascopy's name and logo for attracting clients/investors, without Dukascopy Bank's permission."

The bank announced that it has taken legal action to stop the sham organization from misusing its name and logo. Customers were warned that GCG Asia is not a member of Dukascopy Group and none of its entities are associated with it.

Dukascopy is a Swiss innovative online bank based in Switzerland and operating since 2004, providing online and mobile trading, banking and other financial services through technological solutions. Dukascopy Bank is regulated by the Swiss Financial Market Supervisory Authority FINMA as a bank and a securities dealer. As well due to international presence, the bank holds authorization from FCMC regulatory in Latvia and FSA Japan. You can read our full Dukascopy review here. 

TRADE.com being an international brokerage firm at the very beginning of its operation enabled access to a wide range of trading products together with comprehensive educational materials. Since the broker recognizing that the most important in Forex markets and trading is a smart decision and deep understanding of the trading itself accompanied by ultimate powerhouse solutions, TRADE.com enhances its capabilities from strength to strength.

Recently, TRADE.com made a quite important and big shift and expanded its offering from its CFD mainstay to be a full multi-asset broker.

So from now on, TRADE.com you may trade a much wider selection of trading products including IPOs, Thematic Portfolios through Direct Access to Markets and Investment opportunities through Asset Management. Large enough to deliver investment products to global traders TRADE.com covers investment and trading needs of the clients with different portfolio, size or trading need making and evolving investing opportunities.

In addition, proprietary Thematic Portfolio product range letting investors gain exposure with a range of larger access to markets and products of different portfolios.

TRADE.com operating through its headquarters in Cyprus while authorized by CySEC and follows multi-jurisdictional regulation with additional entities offering its service within and beyond the UK and South Africa always strived to serve traders on the highest level which confirms its newest updates.

You may read full TRADE.com Review by the link and get to know about their general offering in a detail, as well you may check the other UK regulated brokers for your consideration.

New pricing plans TS Select is now offered by the US known broker TradeStation that unlocks Zero Fee Trading opportunity for Unites States traders.

TS Selects brings free commissions for traders that access markets through TradeStation desktop or TS GO mobile platforms. The newly added offering was designed as a Zero Fee initiative which is quite popular in the US nowadays allowing a broker to remain competitive and expand with better opportunities for traders of different sizes. TS Select includes a variety of asset classes alike stocks, options, futures and equities accompanied by TradeStation fantastic tools and technology, all now available with 0$ fees.

Among its numerous advantages, TradeStation is a known futures trading broker offering a variety of asset classes (read more Futures Broker Reviews by the link) and is suitable for mainly advanced traders and professionals, yet a great option for regular traders as well. Besides, proprietary platform TradeStation is also industry recognized and awarded platform with truly comprehensive tools, advanced charts and thousands of instruments to enhance your technical trading strategy.

Apart from the fact that TradeStation company is among world Brokers that offering truly transparent trading costs with no hidden fees and direct, real access to the markets. There are other numerous advantages offered by the broker, which is an excellent choice for a long-term trading relationship and effective trading establish. All trading costs are available at the official website, so investor always knows what he is paying for, while the broker does not add on above additional markups or manipulate markets for its own good.

You may see other Forex Brokers in USA Reviews by the link and get to know about their offering in a detail in reverse proposing your professional trading solutions.

Saxo Bank as a Fintech industry-leading provider and European bank releases and updates its OpenAPI this week for a newer version.

Saxo Bank’s OpenAPI is a mainstay of proprietary trading platform SaxoTraderGO that gives comprehensive access to all resources and powerful functionally for the high-end performance of trading. Therefore, releasing a new version of OpenAPI as a core backbone of Saxo Bank technology and software, it automatically brings a better interaction to experiment with all API endpoints for traders good.

Discover more of the updated through Saxo Bank OpenAPI website by the link.

OpenAPI changes include numerous enhancements alike new FX Order types with simplified order placement including an updated set of stop orders for both DMA and non-DMA trades. Also, Saxo completed the transition to general improvements with the release of new Application Management through new Apps, as well as the possibility to specify position placements. And that is among other rearrangements for better performance that receive more parameters than even expected.

Eventually, Saxo Bank as a multi-asset trading and investment organization operates already over 25 years on financial innovations, besides being a fully licensed European bank under the supervision of Denmark FSA. Saxo Bank is a true giant in the financial industry, as it manages not only comprehensive banking operations but is a professional partner and liquidity provider with a broad range of instruments or assets. Which all in all develops comprehensive features for trading and stays up to date to the newest innovations.

Overall, Saxo Bank became one of the most trusted names within the trading and financial industry that constantly improves its conditions and proposes professional access to investments. You may see detailed information by Saxo Bank Review accessible by the link and get to know about their trading conditions or overall information for your trading consideration.

FxPro a UK based and international broker announced its expansion of partnership or better to mention sponsorship of McLaren F1TM Racing Team.

It is already the second year in a row FxPro cooperates with McLaren and is eventually a historical partnership that continues to support both excellence and latest innovation. (You may read our FxPro news published back in 2018.)  

It is an interesting fact that both organizations sharing similar splendid achievements in the industry they operate, which makes cooperation a unique joint venture. The FxPro branding will now be placed to the front wing and cockpit of the McLaren F1TM racing cars participating in the Australian Grand Prix 2020. Read more about FxPro and McLaren F1TM partnership by the link.

Needless to say that both organizations are thrilled for further achievements and even better challenges to come. As the FxPro process over 7,000 orders every second it knows perfectly well what technical capability and pressure mean, which is also another point on connection between FxPro and McLaren F1TM.

As Ilya Holeu, Chief Marketing Officer FxPro mentions:

“We are very excited about our continuing collaboration with McLaren starting from 2020. There is a powerful connection between the philosophies that underlie each of our companies, and here’s hoping it’s a great new year for both organizations, driven forward by even higher levels of determination, expertise and the all-important technological edge that makes the difference.”

Overall, FxPro as a trading brand and a quite widely known brokerage firm started its operation in 2006 and ever since shows its constant growth, appreciation to innovations and being famous for its client-centric approach. Among its numerous benefits and trading opportunities, we should admit great variety of assets to trade, unparalleled NDD execution and of course a pricing strategy they offer.

However, you may read full FxPro Exchange Review by the link and get to know about their offering in a detail in reverse proposing your professional trading solutions.

The largest global sports media property in Asian history, ONE Championship™ (ONE), has just announced an official partnership with Fullerton Markets, Asia’s fastest-growing brokerage firm. The partnership will cover official markets Singapore, Thailand, and Vietnam through March 2020. Fullerton Markets joins well-known brands in ONE Championship’s roster of sponsors, that includes Facebook, Sony, LG, Marvel, Disney and Casio.
Fullerton Markets is Asia’s fastest-growing brokerage firm with a bevy of high-profile clients in its portfolio. The company was founded in 2016 by Mario Singh, who today serves as the company’s Chief Executive Officer. Fullerton Markets provides clients with online brokerage services for foreign exchange, metals, crude oil, and indices. With headquarters in Saint Vincent and the Grenadines, Fullerton Markets is committed to providing its clients the highest level of brokerage services.
CEO of Fullerton Markets, Mario Singh, said: “We’re truly thrilled to be the official brokerage partner of a dynamic organisation whose growth has been nothing short of astounding and whose core values resonate deeply with those of our own – Passion, Commitment and Excellence. We’ve seen how the stories of ONE Championship’s athletes have been able to engage, inspire and unite people around the world. We’re proud to be supporting a movement that looks to share positive messages and celebrate Asian values through the cultural treasure of martial arts.”
The strong alignment of the two organisations’ values is set to bring meaningful content to the fore, to be shared with martial arts followers and new fans alike, through Fullerton Markets’ online and offline platforms.

Russia-based Forex broker InstaForex has announced a new sponsorship deal with Viswanathan Anand, a former World Chess Champion. Viswanathan Anand will be the Brand Ambassador of the company and will help the broker promote forex trading and education.
In 2000, Anand became Fide World Chess Champion. 7 years later, his dream of life came true as he became unified (the only) World Chess Champion. Anand secured the World Champion title for the whopping 6 years, beating such super Grandmasters as Vladimir Kramnik, Veselin Topalov, and Boris Gelfand. Eventually, in 2017 at the age of 48, Anand outpaced more than 100 younger opponents and was acknowledged to be the World Champion in Rapid Chess
Pavel Shkapenko Business Development Director for InstaForex said:
"The last thing we wanted to do is to sign yet another brand ambassador agreement just to display their images on all our marketing materials. The interest in Forex and our company is getting higher and higher, but the need for education is getting higher and higher. So we were looking for an ambassador who could become a real role model for new traders and lead by example. And within this framework, we are delighted to have Viswanathan as our brand ambassador."
Viswanathan Anand commented:
"If you look at chess and Forex, you will find a lot of similarities. Both activities are about earning a living by pure intellect, both give you complete freedom on where to live when to work etc. You can’t work in modern chess without a computer, the same situation is about Forex. In the currency market, you need to forecast currency movements, in chess, you need to forecast moves of your opponents. So I was not surprised to find out that there are many chess players at InstaForex, even the CEO has a rating of 2200. So, I’m truly looking forward to start working with InstaForex."
InstaForex was established in 2007 while headquarters in Kaliningrad, Russia and serves more than 260 representative offices worldwide and at the moment the number of traders who choose InstaForex exceeds 7 million, which is an impressive number. Instant Trading EU Ltd is a fully licensed by CySEC, Cyprus authority that conducts operational standards for financial investment firms. Along with the main license, the broker holds an additional one in BVI by FSC. You can read our full InstaForex review here.