Category: News

In an ambitious move to fortify its trading technology stack, RoboMarkets, a prominent Retail FX and CFD broker, has announced a strategic partnership with Acuity Trading, a leader in AI-driven trading technologies. This partnership marks a significant leap in RoboMarkets' commitment to empowering its retail and professional clientele with advanced tools for a more informed and effective trading experience.

RoboMarkets is set to integrate an array of Acuity’s cutting-edge AI tools, including the Economic Calendar, AnalysisIQ, and AssetIQ, into its trading platform. The move is anticipated to revolutionize the way traders strategize in the financial markets by providing them with enhanced data-driven insights.

• Acuity’s AI-Powered Economic Calendar: RoboMarkets’ traders are to benefit from an economic calendar that does more than just list events. It’s engineered to deliver real-time insights, complete with AI-enhanced filters and indicators designed to convert market volatility and uncertainty into tangible trading opportunities.

• AnalysisIQ: Originally developed by Signal Centre and later acquired by Acuity in 2021, this tool stands out with its FCA-regulated pedigree, promising professional and reliable market analysis and trading signals. This addition aims to reinforce the traders' strategy and decision-making processes, a crucial edge in today’s fast-paced trading environments.

• AssetIQ: Providing a comprehensive, up-to-the-minute view of global market assets, this research tool is meant to be a game-changer for RoboMarkets’ traders. It ensures that the latest, most pertinent data is readily available, assisting in the execution of informed and timely trading decisions.

This collaboration is a testament to RoboMarkets’ dedication to innovation and excellence. By adopting these AI-driven tools, the Company not only enriches the decision-making capabilities of its traders but also affirms its resolve to maintain a comprehensive outlook on the financial markets.

As a CySEC-regulated broker, RoboMarkets continues to prioritize the evolving demands of its traders, offering an expansive suite of over 3,000 trading instruments, including coveted US Stocks and ETFs. With Acuity Trading's AI technologies in its arsenal, RoboMarkets is poised to set a new standard for what traders can expect from a leading brokerage firm.

The integration of these AI tools is expected to elevate the trading experience on RoboMarkets’ platform, allowing both retail and professional traders to navigate the complexities of the market with greater ease and confidence. It underscores a future where artificial intelligence is not just a buzzword but a fundamental component of trading strategies, driving the finance industry toward a smarter, more insightful future.

HFM, a prominent worldwide multi-asset broker, has just unveiled adjustments to margin prerequisites and maximum leverage for Gold symbols.

Investors interested in XAUUSD and XAUEUR will find advantage in the subsequent modifications, which are applicable to both fresh and preexisting positions across all account categories:

• Margin requirements

Reduced from 0.5% to 0.05%

• Maximum leverage

Increased to 1:2000

All other aspects will stay unaltered and can be reviewed by visiting the official HFM website or alternatively by checking the specifications in the trading terminal.

TO TRADE GOLD IN JUST 3 STEPS

1. Sign up
2. Fund your account
3. Start gold trading

OPEN AN ACCOUNT WITH HFM

HFM remains at the forefront of transforming the financial markets with the introduction of its latest trading account offerings. These accounts empower clients to trade across a wide variety of asset classes and benefit from exceptional trading conditions. Featuring enhancements such as boosted leverage of up to 1:2000, the availability of swap-free trading on specific accounts and instruments, straightforward deposit and withdrawal methods, and lightning-quick execution, HFM is redefining the manner in which traders participate in global markets.

HFM invites visitors to explore their website: www.hfm.com

The European Central Bank (ECB) is diligently moving forward with a robust plan to develop a digital euro. Marking a pivotal moment in financial innovation, the ECB aims to forge a secure and freely accessible electronic payment option that will unify the twenty nations under a single currency.

As the bank embarks on a two-year preparation phase starting November 1, rules and regulations surrounding the digital euro will be meticulously refined and finalized. A crucial part of this phase will involve choosing private-sector partners and rigorously testing and experimenting with the payment prototypes. The Governing Council of the ECB will conclude this phase with a decision on whether to transition into the succeeding stages, setting the course for the potential unveiling of the digital euro.

Notably, the ECB's proactive strides have positioned it at the forefront, even ahead of other affluent central banks from the Group of Seven (G7). The bank's strategies could thereby illuminate the path for other global central banks, offering a foundational blueprint for their respective digital currency initiatives.

Despite skepticism and critiques from various sectors, including some regulators and bankers, the ECB has shown resilience in its pursuit. Critics argue that the digital currency could inadvertently encourage bank runs during periods of financial unrest, posing more risks than benefits. In response, the ECB has plans to impose a cap on the individual holdings of digital euros, possibly up to 3,000 euros, as a mitigation strategy.

The bank’s strategy also prioritizes competition, aiming to diversify a payments market presently dominated by U.S. credit card giants. The digital euro promises to be an inclusive currency, guaranteeing secure and free usage, endorsed by the ECB's credibility. Users will be enabled to execute minor offline transactions, ensuring data security as transaction-specific information will not be retained.

The advent of the digital euro is concurrent with a dramatic surge in electronic payments within the European Union, which has been further expedited due to the COVID-19 pandemic. This surge highlights a transformative shift in global financial landscapes, ushered by the burgeoning rise of stablecoins and other digital currencies, aiming for a seamless blend of tradition and innovation in monetary transactions.

Following the two-year preparation phase, the ECB's Governing Council decision will be a momentous one, potentially heralding a new era of digital currencies within the global economy.

On Wednesday, trading technology solutions provider Spotware announced the integration of a Single Sign-On (SSO) feature in collaboration with Skale, a CRM and client portal specialist. This advanced functionality is aimed at enhancing the user experience with cTrader platform and improving broker retention rates.

Since their initial collaboration in 2020, Spotware and Skale have worked tirelessly to upgrade their integrated platforms, cTrader platform and Skale CRM. The newly introduced SSO feature facilitates a seamless user journey by enabling traders to register, perform KYC (Know Your Customer) verifications, and manage their funds without the need to switch between different platforms. This innovation is anticipated to elevate conversion and retention rates for brokers.

• Speaking on the development, Spotware CEO, Ilia Iarovitcyn said, “We couldn't be happier about the upgraded integration of cTrader platform and Skale CRM with SSO from the box. For new broker clients, SSO will make the registration process far easier and swifter, while existing clients will benefit from improving their daily processes of authorization, deposit, and withdrawal."

Spotware’s cTrader platform is a renowned open trading platform, hosting over 4 million users globally, and offering expansive services for forex and CFDs across desktop, web, and mobile applications. Conversely, Skale, a prominent CRM software provider in the FX industry, offers solutions tailored to high-volume, multi-brand brokers, including advanced KYC procedures and an array of marketing tools.

• David Nussbaum, the Founder & CEO of Skale, commented, “Our combined platform, cTrader x Skale, provides brokers with a complete solution for clients, whether trading on desktops, laptops, or mobiles. Converting mobile traffic is key for broker growth and we believe that the Skale client portal embedded in cTrader's native mobile trading app will open up significant opportunities for brokers looking to scale their business."

Available across cTrader Web, Desktop, and Mobile applications including Android and iOS, the SSO feature means traders can handle accounts and execute transactions directly from the app. This obviates the necessity for multiple logins and streamlines deposit and withdrawal processes, thereby enhancing user engagement and satisfaction.

The partnership of Spotware and Skale has continually evolved to meet the demands of the dynamic FX market. Recently, Skale partnered with CMC Markets Connect to leverage its CRM in providing clients with tools to enhance operational efficiency. Spotware has been no less dynamic, having introduced copy trading to its desktop platform, cTrader platform, and updating the mobile version with a ‘shared account’ feature, previously available on web and desktop versions.

Under the leadership of new CEO Ilia Iarovitcyn, who assumed the role in July after a six-year tenure in various capacities at the company, Spotware seeks to maintain its trajectory of innovation and growth in the coming years.

As the FX market landscape becomes increasingly competitive, the integration of SSO by Spotware and Skale stands as a testament to both companies’ commitment to leveraging technology in facilitating seamless trading experiences for users globally. The initiative underscores a broader industry trend toward streamlined, user-friendly solutions that prioritize client satisfaction and retention.