Category: News

Coinbase International Exchange Expands Global Reach with Non-US Spot Markets

Posted on by Adam Smith

Coinbase, one of the leading names in the cryptocurrency exchange industry, has unveiled its ambitious plans for further expansion by launching non-US spot markets on its Coinbase International Exchange. This latest development is set to cater to the diverse needs and demands of Coinbase's global user base while simultaneously supporting its strategic mission of increasing international access to reliable cryptocurrency products and services.

At the core of this expansion lies a commitment to establish robust liquidity and build a strong foundation for future growth. Over the next few months, Coinbase International Exchange plans to broaden its offerings to include retail users, incorporate additional digital assets, and introduce new features that facilitate innovative trading strategies and enhance capital efficiency.

One notable aspect of Coinbase's strategic move is its acknowledgment of the reluctance displayed by certain asset issuers and members of the cryptocurrency community to engage with US-based exchanges. This hesitation stems from the evolving and somewhat uncertain regulatory landscape surrounding cryptocurrencies in the United States. Coinbase International Exchange aims to provide a trusted and compliant alternative for these participants by offering a non-US spot market.

The launch of these non-US spot markets underscores Coinbase's determination to stay at the forefront of the cryptocurrency exchange industry, both in terms of innovation and global reach. As the cryptocurrency market continues to evolve and mature, Coinbase appears poised to remain a key player in facilitating crypto trading, offering both experienced and novice traders a secure and reliable platform for their digital asset needs.

In a rapidly evolving crypto landscape, the move towards creating a non-US spot market reflects Coinbase's commitment to adapting to changing market dynamics and catering to the needs of a global user base while ensuring regulatory compliance and user trust. As Coinbase International Exchange moves forward with its phased expansion, it will be interesting to see how these new markets evolve and what opportunities they unlock for cryptocurrency traders around the world.

FP Markets Enhances its Corporate Social Responsibility (CSR) Programme with Sponsorship of the Cricket Brasil Youth Development Programme

Posted on by Adam Smith

FP Markets, the worldwide multi-asset broker, has unveiled a sponsorship agreement with Cricket Brasil, an ICC associate member. This collaboration is designed to bolster the youth development program of Cricket Brasil, which offers young individuals an opportunity to complete their education, pursue higher studies, and forge a promising future. In its initial stages, this partnership will be dedicated to supporting three distinct areas:

  • Education - Contributing to the financial support of project leaders, also referred to as the "Black T-shirts," through the Cricket Brasil University Scheme. This initiative grants young Brazilians access to higher education, offering transformative opportunities while instilling vital core values such as Respect, Leadership, and Community.
  • Infrastructure Enhancement - Aiming to finalize the construction of the Cricket Brasil indoor training facility and high-performance center in Poços de Caldas, Minas Gerais.
  • Community Empowerment - Assisting the advancement of local development officers, who play a crucial role in expanding the sport within their respective communities.

Craig Allison, CEO of FP Markets, stated, "FP Markets understands that true industry leadership goes beyond excelling solely within the trading sector. It entails actively connecting with communities and making meaningful contributions that can positively impact people's lives. Through our support of Cricket Brasil, we are confident to effect genuine change in the lives of young Brazilians and leave a lasting, positive imprint on the local community."

Matt Featherstone, President of Cricket Brasil, added, "Partnerships like this make an immense difference. The expansion of Cricket Brasil, directly resulting from this collaboration, will create more opportunities for young Brazilians to participate in this wonderful sport and to join our University Scheme, which educates additional Cricket Development officers. These officers, in turn, enhance local engagement and participation."

Sergio Azevedo, the Mayor of Poços de Caldas, expressed, "Poços de Caldas is indeed fortunate to be recognized as the home of Cricket Brasil. In a country where football is given so much place, it's truly exceptional that we have more children in our town playing cricket than football."

Fara Gorsi, ICC Development Manager for the Americas, commented, "The newly established partnership between FP Markets, an Australian entity, and Cricket Brasil underscores their unwavering dedication to the sport and their positive influence on the lives of countless young children. This collaboration with FP Markets will significantly contribute to the growth and advancement of the cricket ecosystem. As pioneers in the region, Cricket Brasil continues to push for progress, and we are thrilled and proud to witness Cricket Brasil's continued growth and success within ICC Americas."

FP Markets' sponsorship and donation initiatives are designed to empower both individuals and organizations dedicated to enhancing lives through community engagement, education, innovation, diversity and inclusion, ethical business practices, and sustainability. These collaborations are aimed at leaving a lasting and meaningful impact.

FP Markets is committed to making a positive contribution to society and the environment through its Corporate Social Responsibility (CSR) efforts. The commitment to CSR is deeply embedded in its core values, which is to create a positive influence on present and future generations by supporting projects that truly bring about positive change.

About FP Markets

Founded in 2005, FP Markets is a multi-regulated brand that offers clients access to an impressive array of over 10,000 tradable instruments spanning critical asset classes. The company provides aggregate pricing from several top-tier liquidity providers. Furthermore, FP Markets prides itself on delivering consistently tight spreads, lightning-fast execution, unparalleled 24/7 multilingual customer support, and a diverse range of account types tailored to accommodate various trading strategies and styles.

Spotware Introduces cTrader for macOS

Posted on by Adam Smith
Spotware Introduces cTrader for macOS

In an innovative move, Spotware has announced the launch of cTrader for MacOS. This native macOS application is specifically designed to cater to the needs of algorithmic traders using Apple's platform. This launch comes at a crucial time, especially considering the recent removal of MetaTrader 4 and MetaTrader 5 trading apps from the Apple App Store.

The new application adheres strictly to the guidelines of the Mac operating system, maximizing hardware resources to ensure optimal performance. It delivers a seamless trading experience with its diverse trading options, including manual, copy, and automated trading. Manual trading on cTrader for MacOS is enhanced with versatile charting tools and various chart types, while the copy trading feature offers access to over 1,000 replicable strategies.

Illa Iarovitcyn, the CEO of Spotware, expressed his excitement about the launch: "cTrader for Mac is one of the most anticipated milestones that we are delighted to have achieved. This is an early Christmas present for all Apple aficionados! The application is a unique offering for Mac users, incorporating manual, copy, and automatic trading, and even includes familiar shortcuts for Mac users."

With its continuous availability on the App Store and its advanced yet accessible features, cTrader for Mac is poised to solidify its position as a preferred alternative in the financial landscape. Spotware's latest offering represents a significant step forward in the realm of algorithmic trading, especially for macOS users.

HFM Copy Trading Revolution: Breaking Barriers and Unleashing Global Opportunities

Posted on by Adam Smith

In a revolutionary development, the renowned global broker HFM has unveiled the expansion of their Copy Trading platform, breaking free from geographical constraints. This exciting advancement is a promise for a fresh era of trading opportunities for Followers and Strategy Providers alike, ushering in an era of enhanced connectivity within the global trading community.

Seamless Replication Across Varied Markets

Followers can now effortlessly mirror the strategic maneuvers of fellow traders across a wide range of markets and regions. This expansion offers unmatched access to diverse trading styles and expertise, enabling Followers to diversify their portfolios in unprecedented ways.

Expanding the Global Accessibility for Strategy Providers

This represents a noteworthy achievement for Strategy Providers, offering an expanded reach that transcends geographical boundaries. Now, strategies can enter previously unexplored markets, enabling providers to engage with a wider audience and demonstrate their expertise on a global scale.

Enhanced Platform for a Seamless User Experience

To guarantee a more straightforward and user-friendly experience, the HFM Copy Trading platform has undergone a complete makeover. The Strategy Provider List has been transformed into a sleek Card View, offering users quick and informative summaries for more efficient decision-making.

The Vision for 2024

A spokesperson from HFM expressed, "The global expansion of our Copy Trading platform signifies a revolutionary moment for our company and its community of traders, and it's merely the inception of our reimagined Copy Trading platform. We are unwavering in our commitment to ongoing innovation, with a vision that includes the introduction of even more groundbreaking features and improvements throughout 2024."

For additional details or to experience the enhanced Copy Trading platform you can visit www.hfm.com.

About HFM

HFM, formerly known as HotForex, is a brand name of HF Markets Group, an internationally acclaimed multi-asset broker of choice to over 3.5 million live accounts worldwide and over 60 coveted industry awards. The company offers a wide variety of account types, innovative products, platforms, tools, and educational resources besides outstanding customer service and unparalleled trading conditions to facilitate individuals and institutional customers to trade Forex and CFDs online.

Saxo Bank Introduces New Funds Offering in the UK

Posted on by Adam Smith
Saxo Bank Logo

Saxo Bank, a leading Copenhagen-based Retail FX and CFDs broker, has announced the launch of a new funds offering in the UK, marking a significant expansion in its financial services.

The innovative offering allows retail investors unprecedented access to a wide range of investment instruments. This includes short-term options such as funds, with Saxo Bank curating an extensive list of over 6,000 global funds from renowned fund managers like Baillie Gifford, BlackRock, Fidelity, Fundsmith, J.P Morgan, and Vanguard.

The array of investment choices is comprehensive, offering more than 500 equity funds, 2,000 fixed income funds, 730 multi-asset, and 160 alternative funds. These cover various sectors including biotech, consumer staples, real estate, energy, gold, mining, healthcare, industrial, natural resources, technology, telecommunications, and utilities.

Saxo Bank has made this offering highly competitive by eliminating commission fees and platform fees. Furthermore, they offer remarkably low annual custody charges, which vary based on account types - 0.4% p.a. for classic accounts, 0.2% p.a. for platinum accounts, and a mere 0.1% for VIP accounts.

This initiative by Saxo Bank is not just about diversifying investment options but also about consolidating client portfolios. The platform allows clients to integrate their entire investment portfolio, including Individual Savings Accounts (ISAs) and Self-Invested Personal Pensions (SIPPs), making Saxo’s platform a comprehensive hub for investment and trading needs.

Charlie White-Thomson, CEO of Saxo Markets UK, expressed his enthusiasm for the launch, especially in the current context of market volatility and geopolitical tensions. He emphasized the importance of active management and mutual funds in diversifying portfolios, especially in a market paradigm shifting away from heavy stimulus and rock-bottom interest rates. White-Thomson believes that tapping into the expertise of top asset managers through funds is crucial for enhancing performance and navigating the complex financial markets of today.

Saxo Bank's new funds offering is poised to be a game-changer in the UK financial market, offering both depth and breadth in investment opportunities for retail investors.

FCA Issues Alert on eToro Clone Scam

Posted on by Adam Smith
FCA Issues Aert on eToro Clone

The UK's Financial Conduct Authority (FCA) has recently issued a stern warning to the public about a fraudulent eToro clone mimicking the well-known online broker, eToro. This alert comes amid a rising tide of clone scams, where fraudulent entities exploit the data of authorised firms to deceive unsuspecting victims.

Clone scams typically use similar names, logos, and website addresses to those of legitimate firms, creating a deceptive appearance of authenticity. In this case, the clone operates under various names such as Expotoro, Tratoro, and PayBack Toro. Despite their convincing facade, these entities have no affiliation with the actual, authorised businesses.

Crucially, the clone has been actively reaching out to people, masquerading as the FCA-authorised eToro. Potential victims should be aware that dealing with the eToro clone involves significant risks. These include the lack of access to the Financial Ombudsman Service for complaints and the absence of protection by the Financial Services Compensation Scheme (FSCS). In the unfortunate event of the clone firm's collapse, there is a high likelihood that individuals will not recover their funds.

To help the public distinguish between the fraudulent clone and the legitimate entity, the FCA provided detailed information on both. The eToro clone firm operates with the telephone number +442030973333 and uses emails such as info@tratoro.com and info@pbtoro.com. Its websites are listed as https://expotoro.com/ and https://pbtoro.com/.

In contrast, the genuine eToro (UK) Ltd, with no connection to the clone firm, can be identified by its distinct Firm Reference Number 583263. Located at the 24th Floor of One Canada Square, Canary Wharf, London, their official contact details include the telephone number +4402045251189 and the email address complianceuk@etoro.com. Their legitimate website is www.etoro.com.

The FCA urges the public to exercise caution and verify the authenticity of any financial service provider before engaging in transactions. The FCA's warning serves as a critical reminder of the sophistication of financial scams and the importance of vigilance in the digital age.

IC Markets Broadens Offering with Launch of IC Shares for Cash Equity Investing

Posted on by Adam Smith
IC Markets

IC Markets, a leading online trading service provider with over 15 years of experience, has announced the launch of IC Shares, marking a significant expansion in their range of services to include physical equity investment. This new venture enables clients to invest in cash equity of companies listed on the Australian Securities Exchange (ASX) and Cboe, further cementing IC Markets' commitment to providing diverse investment options tailored for their Australian customer base.

In collaboration with FinClear, IC Shares offers a secure and user-friendly platform for investing in mid-cap and blue-chip companies within the Australian share market. Clients have the opportunity to invest using their own Holder Identification Number (HIN), benefiting from one of the lowest brokerage fees in the industry. This initiative makes investing in over two thousand Australian listed companies more accessible to a wider range of investors.

Dedicated to delivering a seamless and reliable trading experience, IC Markets aims to enhance their client offerings with the integration of IC Shares into their product portfolio. This move is aligned with their mission to provide a comprehensive and varied range of trading options for both retail and institutional clients.

About IC Markets

Founded with the vision of catering to both retail and institutional traders, IC Markets stands as one of the world's preeminent online trading brokers. Since its inception in 2007, the company has strived to bridge the gap between retail and institutional clients by offering trading solutions once reserved for investment banks and high-net-worth individuals. IC Markets' commitment to creating an optimal trading environment has made it a preferred choice for active traders globally, providing intuitive platforms, valuable tools, and comprehensive support.

Shares Trading Risk Warning

Investors are cautioned that all investments carry risks, including the potential for capital loss. The value of shares can fluctuate, resulting in returns that may be lower than the original investment. It's essential for investors to fully understand these risks before engaging in share trading.

IC Markets advises consulting their Share Trading Account Terms, Financial Services Guide, and other legal documents available on their website. Prospective investors should seek independent advice to ensure that any investment decision aligns with their personal objectives, financial situation, and needs. Past performance does not guarantee future results, and tax laws are subject to change.

Vantage Markets Collaborates with Bloomberg Media Studios to Unveil “The Vantage View” Video Series

Posted on by Adam Smith
Vantage

In a groundbreaking partnership, multi-asset broker Vantage Markets has joined forces with Bloomberg Media Studios to launch an insightful new video series named "The Vantage View". This initiative promises to merge Vantage Markets' financial acumen with Bloomberg’s globally acclaimed journalistic prowess, aiming to produce a series that stands as a beacon of in-depth analysis and insights into the evolving economic arena.

"The Vantage View" is set to captivate audiences with quarterly episodes, each embellished with profound insights from a myriad of influential voices and industry connoisseurs. The series aims to be a repository of comprehensive knowledge, delving deeply into a spectrum of crucial political-economic topics and trends that are pivotal in sculpting the global economic vista.

Audiences can look forward to episodes rich in content, covering various subjects such as the geopolitical ramifications of climate change policies, and the transformative impact of technological juggernauts like Artificial Intelligence on the world’s financial markets. The initiative is poised to be an invaluable resource for those eager to stay abreast of substantial developments that play a monumental role in directing global economic trajectories.

Marc Despallieres, the Chief Strategy & Trading Officer at Vantage, expressed his enthusiasm about the partnership, stating, "This partnership exemplifies our shared commitment to delivering high-quality content and fostering thought-provoking discussions on critical topics."

He further elucidated that by leveraging Vantage Markets’ profound expertise in financial services, in conjunction with Bloomberg’s unparalleled journalism and extensive global reach, "The Vantage View" aspires to burgeon into a trusted reservoir of analytical insights and commentary. It is tailored to satiate the curiosity of a diverse audience, encompassing investors, professionals, and financial enthusiasts, providing them with a nuanced understanding of the economic landscape's vital aspects.

This collaboration between Vantage Markets and Bloomberg Media Studios signifies a monumental stride towards fostering a culture of enriched knowledge sharing and intellectual exploration within the financial community, thereby facilitating more informed and strategic decision-making processes among investors and industry professionals worldwide.

UK FCA Warns Against Plus500 Clone Scam

Posted on by Adam Smith
FCA

The UK Financial Conduct Authority (FCA) has recently issued a public warning about a fraudulent entity cloning the reputable retail FX and CFD broker, Plus500. This clone, operating under the deceptive website www.plus500un.com, is mimicking Plus500's branding, including its name, logo, and other corporate details.

Clone firms like this are a growing concern, as they exploit the credentials of legitimate businesses to deceive individuals into believing they are dealing with the real entity. These fraudsters may combine accurate details of authorized firms with false contact information, including email addresses, telephone numbers, and postal addresses, making it challenging for individuals to differentiate between the genuine and the fake.

The FCA emphasizes that Plus500UK Ltd, the legitimate and authorized firm, is in no way connected to this clone. Plus500UK Ltd is a recognized firm with the Firm Reference Number 509909 and operates from 8 Angel Court, Copthall Avenue, London, EC2R 7HJ, United Kingdom. Their official contact details include the telephone number +4402038761640 and email address compliance@plus500.co.uk, with their authentic website being https://www.plus500.com/en/.

The authority stresses the risks involved in dealing with clone firms. Individuals who transact with such entities are not covered by the Financial Ombudsman Service for complaints, nor are they protected by the Financial Services Compensation Scheme (FSCS). This lack of protection means that in the event of the clone firm going out of business, it's highly unlikely that individuals will recover their money.

The FCA urges the public to be vigilant and always verify the authenticity of any financial service provider before engaging in any transaction. This incident serves as a stark reminder of the sophisticated tactics employed by scammers in the financial world and the importance of conducting thorough checks to ensure the legitimacy of a firm.