FP Markets received Best Global Forex Value Broker Award

Global Forex Awards 2019, which was held in Limassol, Cyprus this year on 4 October, announced its results and awarded FP Markets the Best Global Forex Value Broker Award.

The Global Forex Awards is an international event, which celebrates the best performing forex businesses and brands on a global and regional basis. Global Awards schedules yearly championing and is an independent nomination on numerous categories, as those awards are chosen by the real forex trading customers around the world and are voted by the public. Check all awards by the source Global Awards 2019 and FP Markets Awards in particular by the links.

FP Markets Best Global Forex Value Broker Award

As for the FP Markets itself, it is an international brokerage firm based in Australia that operates over 14 years and ever since showed great success through its diverse product range, trading technology and numerous clients they serve. It is not a first time FP Markets was recognized by valuable awards, as its commitment and professional approach, combined with pricing and a great environment indeed deserve recognition. You may access full FP Markets Review by the link and get to know about their offering in a detail.

FP Markets Award

Fintech company ATFX launched biometric facial recognition

ATFX logo

Fintech company ATFX announced that it has launched a new face recognition technology for customers to open trading accounts. It is reported that this new service is to ensure that it can provide customers with security. This face recognition technology will verify customer identity when opening an account online. It is currently tested in the East and soon the company will apply the premium version to the global market.

Customers will now be able to open accounts and trade anywhere, anytime, in 60 seconds, without having to visit the office and create new security standards. The customer only needs to fill in the necessary information and import a personally identifiable information (ID) picture. An optical character recognition (OCR) system can then automatically read and recognize ID information and the geometry of the customer’s face, which can significantly reduce time and errors compared to traditional methods.

In order to achieve the necessary level of compliance and to combat increasing identity fraud, ATFX and Electronic IDentification work together to provide a unified solution for all compliance and user entry.

An ATFX representative said, “ATFX attaches importance to the security of customer data, so we have used various technologies to prevent risks steadily. This technology will help enhance the security standards and precision in client’s identity verification at offices, thus reducing identity theft in account opening. “

“Electronic IDentification is thrilled to provide its Video IDentification technology to ATFX to drastically reduce fraud and improve customer onboarding while compliant with the highest regulations worldwide.”

Has Bitcoin Replaced Gold as the Trader’s Sweetheart?

Gold has been a store of value against currencies and a hedge against inflation for hundreds of years. Forget diamonds; gold is really forever.  

This year, in particular, has been great for gold traders. 

Gold prices hit an all-time high of $2,075 in August. Its price trajectory, however, has been dependent on the coronavirus situation.  But can the past dictate the future? 

With all the excitement around bitcoin and other cryptocurrencies, is gold losing its market charm?  

Bitcoin rising

The digitization of markets ushered in the age of digital currency, opening the door to bitcoin cryptocurrencies like bitcoin.

Bitcoin’s official debut was in 2009. Twelve years later, there’s been no love lost, and traders are still looking to bitcoin. Investors, too, are investing in the hopes that the cryptocurrency could appreciate, assuming that inflation could grow.  

But how high can bitcoin fly? That’s the question on the mind of most crypto traders. If this year’s anything to go by, the answer is ‘pretty high’. As of December 2020, bitcoin had risen to an all-time high, breaking through $20,000 per BTC to reach over $23,625 at one point. 

Sure, it hasn’t always been a steady rise. On the contrary, it’s been outright bumpy at times, but cryptocurrencies like bitcoin have proven resilient in the longer run. 

Fast new asset class

It’s not difficult to see what traders and investors love about bitcoin. 

Built on blockchain technology, it’s a decentralized cryptocurrency created by combining the computational power of individuals, miners, and groups of people who operate outside of the financial system. They are the ones who validate transactions on the bitcoin network and are compensated with bitcoins in exchange for their time, computing power, and effort. 

Bitcoin’s been dubbed ‘digital gold’ in some financial circles, for mainly two reasons: 

  • Scarcity – Bitcoin has a finite supply, much like gold. There’s a finite supply of bitcoin that prevents it from being devalued, as we’ve seen with fiat currencies. There will only be 21 million bitcoins, and the last bitcoin will be mined in 2140.
  • Technology – Bitcoin is a decentralized cryptocurrency, and like gold, it is not distributed by a central bank or federal government. It’s the trust and utility of the blockchain network that gives it its value. 

Going for gold 

For years, the yellow metal has had more power than virtually every other commodity on earth. We’ve made currency, jewelry, not to mention economies out of it. Yes, economies with the ‘gold standard’ that governments pledge for converting their currency into fixed amounts of gold. 

Even though the United States, and in effect, the modern banking system removed the gold standard in 1970 by unlinking currency (or paper money) from the value of gold, many of the world’s global central banks still hold gold as a strategic reserve to this day. 

Nothing compares to XAU

Gold is still a solid safe-haven asset for several reasons. It’s vast utility as a material for consumer products like jewelry and appliances. And its inherent scarcity. Gold supply remains disproportionately low despite demand. And demand is almost always high, especially as it’s risen to become the investment of choice for the cautious and risk-averse. 

During market corrections, it is gold that generally performs well. Even when it does not actually grow, it stays stable. 

An asset that stays stable when others fall is precious as a hedge.  When consumers leave stocks in favor of gold, the price increases in lockstep, and investors benefit in the process.

Gold vs. bitcoin

Now that the vaccinations are being rolled out and lockdowns are being lifted, traders could begin favoring riskier assets – like cryptocurrencies – over gold. This would likely mean lower gold prices for the rest of the year. In this context, is gold losing a bit of its shine with traders? And if so, will bitcoin be able to replace gold for traders?  Let’s compare how these two fair for traders:  

Safe havens

Gold is considered to be less exposed to losses when the market downturns. Therefore, investors look at gold as a safe haven during political or economic turbulence. 

By contrast, the volatility of bitcoin is a big problem for investors looking for a safe-haven currency. For evidence, one need only look at bitcoin’s price trend over the last two years. 


The framework for trading, measuring, and monitoring gold is flawless. It’s tough to sell, forfeit, or taint.  Bitcoin’s decentralized framework and complex algorithms make it difficult to tamper with, but is it as secure as gold? This is still unknown. 

Many would argue that the technology necessary to guarantee bitcoin’s security has yet to be developed. In other words, there are still no guarantees that another Mt. Gox debacle won’t happen again. 


Bitcoin hit its all-time peak in early 2018, with a price of around $15,000 a coin.  After a year, the price of a bitcoin was hovering near $5,000 per unit. It subsequently recouped some of those declines, but nowhere near as much to hit its all-time peak again. 

Aside from general uncertainty, bitcoin has demonstrated itself to be sensitive to market whims and reports in the past. Gold doesn’t hold any of this uncertainty which makes it a potentially safer currency.

Scarcity value

Gold and bitcoin are both scarce commodities. 

In bitcoin, the scarcity is artificially generated by ‘halving’, a process where the number of coins that miners receive for adding new transactions to the blockchain is cut in half. It’s been halved from 12.5 bitcoin to 6.25 lately and will halve again every 210,000 blocks until the last bitcoin is mined in 2140.

With gold, scarcity is natural. It’s a relatively hefty atom, consisting of 79 protons and 118 neutrons that make it hard to produce, even in the incredible heat and pressure of the ‘chemical forges’ of supernovae. 

Although there will only ever be just 21 million bitcoins in existence, no one knows what the potential supply of gold is, and when the last of it will be extracted from the earth. There is also hope that gold may be collected from asteroids, and several firms are contemplating doing that in the future. 


Gold’s utility has been leveraged for centuries. It has long been used in a variety of applications, some ornamental, like jewelry and design, to advanced implementations in technology. 

Bitcoin’s utility is in providing safe and secure transactions outside the traditional banking framework and to people who don’t have access to conventional bank accounts. 

The ushering-in of blockchain technologies can potentially hold a lot of practical promise for humanity. Billions of people around the world lack links to banking infrastructure and conventional financial instruments such as credit. 

Bitcoin and blockchain technology promise to offer everyone in the world a way to make purchases and transfers securely at almost no cost. 

Trading both

There’s been a split in the bitcoin community around the question of utility. Some see bitcoin as a quick medium of exchange, like cash. Others see it as more of a long-term store of value – like gold. 

The challenge for bitcoin is that despite the extraordinary promise it holds, it has no inherent value. Its value is really in its technology, i.e. the trust and speed by which its blockchain network processes transactions.  

Being solely dependent on currency demand leaves bitcoin in a bubble, and bubbles could burst. 

Traders worried by the prospect could choose to invest in more secure safe-havens. 

The conventional approach would be to use gold as a buffer against price and currency fluctuations, a strategy that reflects an inclination for traders to prefer gold as a hedge and safe haven. 

GCEX and Gold-i launch a new partnership

GCEX logo

GCEX, a provider of digital technology solutions in crypto-assets and multi-segment currencies, joined Matrix NETwork from Gold-i.

GCEX (GC Exchange Limited) was established in 2018 as a part of the GC Group. There was a demand for regulated and compliant exposure to the Cryptoasset market. GCEX is an FCA-regulated and authorized provider of the funds, brokers, asset managers, professional traders and banks with an advanced suite of integrated financial technology products. It includes AI applications, allowing clients to automate on-boarding, offer and trade Cryptoassets and Currencies with tight spreads, deep liquidity from Tier 1 sources and solutions for clearing.

Gold-i logo

GCEX CEO and Founder, Lars Holst has commented on the launch: “We are very much focused on the new digital economy and, as such, have been really impressed by Gold-i’s vision and commitment to supporting Cryptoasset trading. Gold-i’s clearing model through its Crypto Switch™ truly pushed boundaries and it is their focus on driving uptake in Cryptoasset trading that makes them an ideal partner for GCEX. Having previously worked with Gold-i for many years, I know they are a trusted partner with a proven track record. I am very excited by our partnership.”

Since its creation, the group has been offering funds, brokers, asset managers, professional traders and banks an advanced suite of integrated financial technology products. This includes a focus on advanced AI applications, enabling customers to automate integration, offer and trade crypto-assets and currencies with tight spreads, deep liquidity from tier 1 sources and compensation solutions. 

Gold-i CEO, Tom Higgins has added: “GCEX is an ambitious organisation with a very strong proposition.  We are delighted that such a pioneering digital asset firm has chosen to partner with Gold-i and join our Matrix NETwork. Our clients will benefit hugely from being able to access GCEX liquidity through Gold-i’s technology.”

ACY Securities has announced about Australia China Future Forum sponsorship

ACY Capital review

At the press conference that was hosted on the 31st of October, the Australia China Future Forum (ACFF) has formally announced the upcoming annual ACFF event which will celebrate the 5th year anniversary of the China-Australia Free Trade Agreement

During this media-addressing panel the first elected Chinese Australian Member of Parliament and co-founder of ACFF, the Honourable Dr Helen Sham-Ho was present. The panel has also included Ian Tamconvener & co-founder of ACFF, Dr. Jim HarrowellNSW Special Envoy for China and Gravin HoAdviser to ACFF and two major industry sponsors. 

Justin Pooni, Head of Branding & Communications at ACY Securities, which is a major industry sponsor of the Australia China Future Forum formed part of the panel which addressed the media. 

Mr Pooni has commented on the Australia China Free Trade Agreement and ACFF:

“ACY Securities is very pleased to support the Australia China Future Forum. This is an initiative that fosters positive bilateral relations between these two countries, and that is something that’s very important to us because having a strong trade and economic relationship is a win-win for both of these two very great countries.” 

Last year’s ACFF event featured the Honourable Kevin Rudd, 26th Prime Minister of Australia. 

The 2019 ACFF event will take place on 17th November in Sydney.  

You can read our full review on ACY Securities broker. 

ACY Securities appointed Alla Darwish as new Head of Global Brokerage

ACY Capital review

ACY Securities, an ASIC regulated multi asset online trading provider has announced the appointment of Alla Darwish as their new Head of Global Brokerage.   

Mr Darwish has previously been working in sales and business development in the global FX and CFD markets for 12 years. Now at ACY Securities he will be responsible for recruiting, managing and growing the business development teams in Australia and around the world.    

ACY Securities Co-founder and Co-director Jimmy Ye said Mr Darwish will play an important role in executing the growth and development vision for ACY Securities in key global markets. 

Mr. Ye has commented on this appointment: “We are very pleased to have Alla Darwish on board. He brings a wealth of experience in developing and managing highly successful sales and BD teams in markets around the world and his appointment will be instrumental in helping us execute our strategic plan in relation to our global expansion.” 

Mr Darwish, who formally took his post at ACY Securities last month, said he was delighted to join the company and outlined a number of key factors that would see the brokerage continue on a strong and steady growth trajectory. 

He added: “I’m absolutely delighted to join ACY Securities. Being an Australian-based global FX and CFD broker offering superior trading conditions at very low cost of trading, along with strong tech and operational structures, I see tremendous ongoing growth for the company in all key markets including in the APAC region, UK & Europe, MENA region and the Arabian Gulf”.

This is the fourth executive appointment ACY Securities has made in under six months.  

You can read our full review on ACY Securities broker.

ACY Securities sponsors ITTA

ACY Capital review

ACY Securities has announced that it will support The Inter-university Table Tennis Association (ITTA) as a major sponsor for their upcoming 2019 flagship event.

ITTA is a not-for-profit student run organisation with the aim of promoting the sport of table tennis across Australia and beyond. 

Justin Pooni, Head of Marketing & Communications said that ACY Securities supported ITTA’s commitment to connect young people to sport and will help the not-to-profit organisation to make the event a success.

“We are delighted to be able to support ITTA in its commitment to engage young people in sport and promote table tennis at a grassroots level throughout our universities. This is a wonderful program and one that we are proud to support” said Mr. Pooni in an interview this afternoon. 

ITTA Founder Gravin Ho thanked ACY Securities for their support and said the cross-university tournament, which also attracted Olympic-grade players, was a great way for students to engage in competitive table tennis and develop key life qualities along the way.

Some of the major universities involved in this year’s event include Australia National University, UTS, University of NSW, Macquarie University, and the University of Sydney. 

The 2019 Inter-university event will be held at Sydney Olympic Park on Sunday 1st of September with the expected number of participants already reaching capacity.

You can read our full review on ACY Securities broker

Yields Soar With 10-year Yields Touching 1.5%

Bond prices collapsed for the third consecutive day on Monday, sending yields sharply higher, with the 10-year yield trying to breach above the psychological level of 1.5%.

From August 2020 until March 2021, the yield on the 10-Year Treasury rose rapidly as inflation entered the US financial system and the economy. Inflation is the biggest enemy of bonds – imagine you hold a 10-year bond with a 1.5% fixed coupon, paid yearly. At the same time, inflation jumps to 3% yearly. You lose 1.5% in real money each year while holding the bond. Not a good investment choice.

Since March 2021, bond yields have been moving lower, and it looked like the recent bull run is over. But everything changed in September, when the 10-year yield moved back above its 50-day moving average, indicating another leg higher is to be expected. It came a couple of days ago.

As Nomura’s Charlie McEligott noted this morning, real yields have been marching higher recently. It continues to look more like the overall rates selloff has been a risk-premium trade – thanks to recent Federal Reserve (Fed) policy updates with guidance faster tapering and more hikes in the dot plot – as opposed to a view on heightened or accelerating growth- or inflation expectations. Particularly with the latter going nowhere but sideways since the start of June.

Rising rates are generally bad for growth and technology stocks. The Nasdaq 100 index was down more than 1% Monday, suggesting a much deeper correction could occur if yields continue to rise higher. 

If the Fed tightens monetary policy more aggressively than expected, it will most likely crash stocks. 

If the Fed doesn’t act now, inflation will rage further, leading to a stagflationary collapse in the economy and equities could still crash as inflation destroys profits in the corporate sector.

The Fed is indeed trapped. But for now, let’s watch US yields to tell us where the stock market might be heading in the nearest future. 

FP Markets has launched a technical analysis trading tool Autochartist

FP Markets GIF

ASIC-regulated global CFD and forex broker FP Markets has added Autochartist to its wide range of trading tools.  

Autochartist is an online technical analysis tool which scans the market to provide detailed breakdowns across a wide range of Forex and CFD instruments. This tool helps to easily  understand the real time trading opportunities. 

Once the client has accessed the service, the live trading alerts will be delivered to trader’s email, mobile applications with push notifications. All the alerts will be in the trader’s language of choice throughout the day in the MT4/MT5 platform. Autochartist delivers 1000+ actionable trade ideas per month in financial markets across Forex, Metals, Indices, Commodities and Cryptos.


Autochartist offers quite a lot of benefits, including the visual indicators in real-time, which help traders identify various trade opportunities as they develop in the market. This tool also makes risk management easier for the trader and gives the ability to scan Forex, Indices, Commodities, Stocks, CFDs and Futures, using a single tool. The maximum control over trading activity makes the Autochartist customisable and easy to use. 

You can read more about FP Markets in our full review.