Category: Uncategorized

October 2022 – Global multi-asset broker HFM released an announcement about Kenyan distance runner and marathon world record holder Eliud Kipchoge signing up as the company’s new official brand ambassador in Kenya.

Eliud Kipchoge was born in November 5, 1984. He’s known as the world’s greatest marathon runner of all time. From 2014 to 2019 he entered 10 marathons in total and won all of them (the Rio 2016 and Tokyo 2020 Olympic Games marathons, and eight Marathon Majors in London, Chicago, and Berlin). During the 2022 Berlin Marathon Kipchoge set the marathon world record at 2:01:09.

This said HFM is honored for the opportunity of cooperating with one of the most iconic athletes of all time. Through this cooperation and joining of forces, trading will become more accessible to everyone worldwide. The partnership is based on the most essential values that are common for a successful trader and a world-class athlete: persistence, determination, and the will and striving for constant development and the best results.

According to an HFM spokesperson, the collaboration with Eliud Kipchoge is another attempt to offer a superior trading environment to their highly valued clients. He added that Eliud’s image and his brilliant achievements are a great source of inspiration, and they sincerely hope that the partnership will inspire and encourage not only traders, but everyone all over the world to be the best in what they are doing. He summed up by expressing his excitement about the upcoming cooperation and bringing HFM’s exceptional offerings closer to the Kenyan market.

Eliud Kipchoge in his turn expressed his enthusiasm about the offer, saying he is proud to become HFM’s brand ambassador in Kenya. According to Kipchoge, he is looking forward to working with HFM, a company that is known in the world of sports for its partnership with Paris Saint-Germain F.C.

You can learn more about this collaboration by visiting the company’s website.

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 that have earned over 60 coveted industry awards in its twelve-year history. 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.

HFM the multi-asset global broker of choice with over 3.5 million clients introduces the HFM Trading Classes, exclusive to their traders, where new and experienced traders can learn strategies for all styles, skill levels, and time frames from our team of experts!

The classes run five days a week, every week, for over 12 hours. You can create your own tailor-made schedule by choosing the language and topic that suits you.

HFM provides a variety of educational resources to help traders at every level. Their educational resources, which include online and offline materials alongside weekly webinars, provide traders with everything they need to enhance their trading knowledge.

Why choose an HFM Trading Class?

• 5 days a week, every week
• Open to New and Experienced Traders
• Create your own tailor-made schedule
• Expert Training

Visit the Best Educational Broker website to find out more about HFM Trading Classes.

About HFM

HFM, previously known as HotForex and a brand name of HF Markets Group, is an internationally acclaimed multi-asset broker. It has acquired more than 60 coveted industry awards, being the choice of over 3.5 million live accounts all over the world. Among the company’s offerings are a wide variety of account types, innovative products, cutting-edge platforms, tools, and educational resources. HFM also offers outstanding customer service and exceptional trading conditions.

15 November 2022: FP Markets has redesigned its IB portal with business intelligence in mind, to assist in maximizing transparency and make certain the partnership is a success.

In the FX Industry, the IB program introduced by FP Markets is one of the leading partnership programs and is designed to reward the introducers and partners that refer traders to FP Markets.

With the new and updated IB portal partners can view their clients’ traded volumes and Sub-IB networks and try to produce bespoke reports with the help of advanced analytics tools. Partners can observe the client journey from the very beginning – from the approval status to deposits and withdrawals, guaranteeing complete transparency.

Other advantages are:

• A cutting-edge user-friendly Dashboard providing a snapshot of the latest and comprehensive account activity
• Data visualization tools to follow the monthly performance
• Enhancement of the referral link function enabling IBs to pick from a large variety of landing pages that meet the target market needs and help optimize conversion
• Detailed Visualization of multilevel IB hierarchies enabling partners to access their commission plans with ease
• The rebates and commission transferring procedure has been streamlined for smooth and straightforward transactions. Besides, a range of withdrawal methods are offered to partners.
• The IB Portal has been enriched with a brand-new marketing section that supports IBs to attract new clientele by using marketing material available in different languages
• For the latest news, interviews, and tutorials partners can access the Partners Hub

Kim Reilly, the Project Manager, stated that their aim is to help the brokers rely on transparency, reporting, and excellent marketing tools to manage their referrals. He emphasized that partners have a point of reference to view their generated rebates and the commission rates. The enhanced and upgraded IB Portal will be an enjoyable experience for their IBs. Reily further informed that the redesign was based on the partners’ feedback that has resulted in enhanced business intelligence, with reporting tools that have no match.

Join here to be part of a competitive, volume-based rebate structure combined with low entry barriers.

The award-winning forex and commodities broker HFM is happy to invite you to join this year’s Festive Guess and Win Contest, giving you a unique chance of winning one of FIVE $1000 prizes as cash or to invest in trading.

This is how you can join the contest:

• Download or update to the latest HFM App version
• Discover the keywords in our HFM App or our IG stories
• Complete the Secret Phrase

You can get the seven “Secret Keywords” on the HFM App notification center every Tuesday and Thursday.

DOWNLOAD THE APP

FOLLOW HFM ON INSTAGRAM

Terms and Conditions to Apply

Contest period: 05 December - 30 December 2022

Note: To be able to receive the keywords, make sure you have the latest version of the app installed and notifications are turned on.

About HFM

HFM, formerly HotForex, is a brand name of HF Markets Group, an internationally acclaimed multi-asset broker that is a choice to over 3.5 million live accounts throughout the world. It has earned over 60 coveted industry awards during its twelve-year of operating. The company offers a wide variety of account types, innovative products, platforms, tools and educational resources. Besides, it has an outstanding customer service and unparalleled trading conditions to facilitate individuals and institutional customers to trade Forex and CFDs online.

HFM, formerly known as HotForex, has been recognized for its two most significant programs aimed at giving back to its 3.5 million clients, the HFM Loyalty Program and HFM Partners.
August 2022 – We are proud to announce that HFM has received two new coveted awards from World Business Outlook in recognition for its exceptional trading products and services, which have made HFM a market leader among brokers!
An HFM spokesperson stated that their team is dedicated to providing the best possible client experience and they do so by offering many different incentives. These include their popular Loyalty program and other bonuses, all aimed at rewarding loyal clients.

Best Forex Loyalty Reward Program

The HFM Trading Rewards Loyalty Program is an innovative way to encourage more active traders. The more days clients trade and accumulate, the higher their reward level is.

Best Forex Partners Program – Global

The HFM Partners Program offers up to $15 per lot and 25% on sub-affiliates, requiring no prior experience. This means clients can earn unlimited commissions with every sale. The program also includes access for all partners to an exclusive portal, and multi-tier affiliate software (up 5 tiers).

See the HFM awards showcase here.

About HFM

HFM is a brand name of HF Markets Group. It is an internationally known multi-asset broker that has over 3.5 million live accounts all over the world. In its history of twelve years, HFM has earned about 60 awards. The company has favorable offerings with a wide variety of account types, products, easy-to-use platforms, innovative and helpful tools, and good educational materials, as well as exceptional customer service.

Risk Warnings

Terms and Conditions Apply

Trading Leveraged Products such as Forex and Derivatives may not be suitable for all investors since they carry a high degree of risk to the capital. Please ensure that you fully understand the risks involved, taking into account your investment objectives and level of experience, before trading, and if necessary, seek independent advice. Please read the full Risk Disclosure.

The Financial Markets Authority (FMA) of New Zealand, the government agency responsible for financial regulation, have issued a warning against FX broker Trade Fintech. According to the statement, the regulator is concerned that TradeFintech may be operating a scam and accordingly advises New Zealand residents to exercise caution before dealing with them.

The Financial Markets Authority (FMA) plays a critical role in regulating capital markets and financial services in New Zealand. It is the New Zealand government agency responsible for enforcing securities, financial reporting, and company law as they apply to financial services and securities markets.

TradeFintech offers trading Forex and CFD and operates through the website www.tradefintech.com. Our main concern about the broker is the confusing information provided on the website, which doesn't add much trust to it. The terms and conditions have two similar statements, the first one is that the company is operated by S.O. Strategic Partnership, based in Scotland, UK. The second statement is the broker is owned and operated by Fintech Technologies, located in the Marshall Island. Those brokers registered offshore are not considered as reliable ones, because they are basically are not overseen by any authority.

In addition, the UK's Financial Conduct Authority has warned against TradeFintech in September 2018 and the broker has way too many negative reviews and obviously cannot be trusted. We always advise traders to avoid dealing with unregulated offshore-based forex brokers like TradeFintech, as most of them are involved in investment scams. There are a number of properly licensed brokers to choose from, like the ones regulated by the Financial Conduct Authority or the Australian Securities and Investment Commission. You can read our review on this broker here.

Both silver and gold are trying to find a direction after the recent consolidation. Usually, precious metals are affected by two things – US (real) yields and the US dollar. 

Advancing Yields

US yields continue to rise sharply, with the 10-year yields jumping above 1.8% for the first time since January 2020, posting new cycle highs. At the same time, 2-year yields advanced above the psychological 1% threshold for the first time since February 2020. 

Traders continue to price in more and more rate hikes in 2022. Currently, four rate hikes are expected this year, with the first one likely happening at the Federal Reserve’s (Fed) March meeting. Additionally, JPMorgan Chief Executive Officer Jamie Dimon said on Friday that the central bank could raise rates as many as seven times. That would undoubtedly be a hawkish surprise. 

At the same time, US real yields are spiking higher, with the 30-year real yield trying to get back from negative territory. That could be a confirmation signal that the Fed will slow inflation over the following months. On the other hand, the short to medium real yields remain below zero, but the trend is clear – they are rising. 

Soaring nominal and especially real yields are normally a bearish impetus for gold and silver. 

A Struggling USD

However, the Forex market is not so bullish on the USD as the dollar index has recently dropped below the long-term uptrend line from last year's lows, possibly ending the long-term bull market, unless the trendline (95.30) is reclaimed. Should the USD fall further, precious metals could be supported. 

It looks like the EURUSD pair has bottomed below 1.13, and we might see a rally toward 1.1520. If the euro climbs above that level, the medium-term trend in the EURUSD pair could change to bullish, weakening the USD and possibly sending the metals higher. 

The daily chart of gold is not that bullish right now, although if the price jumps above the resistance of 1,830 USD, we could see a rally toward November highs in the 1,865 USD region, with another target at 1,900 USD.

Silver's daily chart is looking much worse as the metal trades near its 18-month lows at 21.50 USD, with the actual price at around 23 USD. Silver must climb above 23.50 USD to cancel the immediate short-term bias, with the key resistance spotted at the 200-day moving average below 25 USD (the green line). A breakout above that level could offer further demand, possibly leading to a rally above the critical level of 25 USD.