Orbex Introduces New Affiliate Program

Orbex New Affiliate Program

Global multi-regulated financial services broker Orbex has announced the launch of its new forex Affiliate Program featuring custom CPA deals of up to $1,000 commission per qualifying client referral.

Orbex’s revamped Affiliate Program reportedly combines one of the highest-paying CPA commission structures in the industry with expert support, cutting-edge reporting tools, and added ways to earn. The new CPA model is intended to provide Orbex Affiliates with a consistent flow of passive income as Orbex continues to grow and create waves in the FX and CFD industry.

A number of new services will be made accessible to Orbex Affiliates through the Cellxpert marketing platform, which enables users to serve ads and easily track their clickthrough and conversion rates. Access to a variety of branded marketing tools and high-converting funnels is also available through Orbex's bespoke Cellxpert platform.

Designed to suit the needs and requirements of today’s FX Affiliates, Orbex’s latest partner scheme lists the following benefits:

  • Some of the highest CPA rates in the industry of up to $1000
  • Custom plans and flexible withdrawals with $0 fees
  • A vast array of promotional tools to aid in traffic conversion
  • Sub-affiliate earnings, sponsorship opportunities, and exclusive added rewards
  • A state-of-the-art Affiliate panel for advanced ad serving, tracking, and reporting

Orbex Chief Marketing Officer, Drosoula Hadjisavva commented on the launch of the new Orbex Affiliate program:

“Partner marketing has quickly become the table stakes for business success in the financial services industry and beyond, as many consumers have come to distrust traditional advertising. In response, we here at Orbex, have long recognized the value in building robust partner ecosystems and the impact partners have on the company's ability to scale. Our latest affiliate program launch marks an important step in satisfying the requests we have been getting from partners and potential affiliates, wishing to promote Orbex to their audiences in exchange for a commission on sales generated. We're excited to offer our valued affiliate partners the best workflow automation and remain committed to investing in digital transformation solutions as we go beyond business continuity requirements and into an extraordinary push for improved productivity."

In addition to its new Affiliate program, Orbex continues to offer its offline IB partners a lucrative lifetime revenue share scheme. Orbex Introducing Brokers are also now able to benefit from Orbex’s increased CPA deals through sub-Affiliate partner referrals. To learn more about Orbex’s Affiliate and IB partner opportunities click here.

About Orbex

Orbex is a leading global investment services firm offering award-winning forex and CFD trading services at some of the most competitive conditions. Since its inception in 2011, Orbex has committed to providing access to first-in-class trading and investing solutions that are backed by leading education, expert research tools, and the ongoing support needed to assist clients in navigating the global financial markets.


BDSwiss to sponsor DP World Tour Championship

DP World Tour Championship

The leading Forex and CFD investment services institution, BDSwiss, has announced about its official DP World Tour Championship sponsorship in collaboration with the European Tour. The sponsorship will afford BDSwiss strong brand exposure and excellent business-to-business opportunities through access to the tournament’s Pro-Am competition and suite of hospitality services. 

The season-ending golf tournament will be held at the Jumeirah Golf Estates in Dubai. The DP World Tour Championship has been held in Dubai, one of the world’s top sporting destinations for golf fans, since 2009. The event has produced some of golf’s most memorable moments through the years.

This is the first time BDSwiss and European Tour, two organisations committed to technical expertise with a passion for performance, will partner. The game of golf instils in its players the same type of values that BDSwiss seeks to inspire in its traders: dedication, resilience, and commitment to excellence. As part of this sponsorship, BDSwiss will also be launching an exclusive loyalty campaign rewarding its loyal clients and partners as well as top-performing traders with Hospitality tickets, round trip flights and accommodation to Dubai.

Speaking about the new partnership BDSwiss CEO Alexander Oelfke commented:

“At BDSwiss, we are immensely proud to collaborate with the European Tour in sponsoring the DP World Tour Championship — a prestigious golf event that supports our global brand image and resonates with our core values of integrity, perseverance, and commitment to world-class performance.”

Daniel Takieddine, BDSwiss Senior Executive Officer MENA, added:

“We’re delighted to be one of the official sponsors of Golf’s DP World Tour Championship, a globally acknowledged sporting event that will not only support our brand with international exposure but will also bolster our efforts to become a leading multi-asset trading powerhouse in the UAE and across the broader MENA region.”

Max Hamilton, Commercial Director of the European Tour, also commented:

“We’re delighted to welcome BDSwiss to our network of partners for the DP World Tour Championship. The tournament is not only an annual milestone in global golf but a highlight of the sporting calendar in the Middle East which will be broadcast to a global audience. We’ll be working closely with BDSwiss to make sure that the partnership will deliver significant brand and business opportunities.” 

Highlighting the group’s commitment to communicate its brand values through top-tier sporting events and organisations, this is the second global sporting tournament BDSwiss is sponsoring in 2021. Earlier this year, BDSwiss announced a two-year deal as the gold sponsor of the MercedesCup ATP 250 Stuttgart tennis tournament.

IX Social App makes Trading Accessible to Everyone

Internet adoption has more than doubled globally since 2010, however, the majority of countries with lower rates of internet access are in Africa, according to the World Economic Forum. In Ghana specifically, DataReportal’s figures in January 2020 claim that while internet penetration sat at 48% of the population, mobile connections in the country stood equivalent to 130% of the population.

As such, in a bid to make trading accessible to everyone, INFINOX Capital, a leading CFD trading broker with international presence and market expertise, has recently launched it’s IX Social mobile app.

Referring to PwC’s Entertainment & Media Outlook 2020-2024 report, Jay Mawji, Managing Director at INFINOX Capital, says that smartphone internet access is on the rise as more and more consumers are capable of accessing the internet on their mobile devices. “Considering that this is the largest singular contributing device to consumer data usage, brokers should be looking to technology to ensure that trading is accessible to traders anywhere and at any time, and this means putting the power of trading in the palm of their hands.”

“IX Social provides clients with the interactive functionality to social trade, see what other traders are doing, and follow and engage with them,” he explains. “Trading can be a lonely place, and the method of social trading allows clients to connect with other successful and profitable traders, and almost emulate their trading style and strategies. Further, once following a certain trader, clients have the ability to have notifications sent to them each time the trader they follow actions a trade.”

Mawji attributes IX Social’s functionality to that of social media platforms such as Instagram, where it allows clients to ‘like’ certain trades of the traders they follow, even going so far as to comment on them and to converse about why a specific trade was chosen. Apart from merely trading on the app, IX Social also incorporates community group functionalities, where traders can create sub-communities to share information, create an education portal, or even trade as friends. Further, it allows clients to share their trades and the knowledge as to why they were chosen.

This lends to the idea of the app not only making trading accessible, but bridging the education gap and providing potential traders with the knowledge to make informed decisions in future trades. While education in trading is usually learnt over time, the idea behind social trading is being a way to fast track the often lengthy process.

Although there are other apps of its kind on the market, what separates IX Social from its competitors is twofold – the first being a more social element than others, as well as the physical presence of the brokerage behind the app.

“While INFINOX Capital is a large organisation with global representation, we still maintain that we operate as a small organisation, with the ability to converse with INFINOX Capital employees anytime,” notes Mawji. “We understand that any financial transaction involves client’s money, and by putting a face to an otherwise faceless industry builds both trust, confidence, and support.”

INFINOX Capital vets providers that use the app, ensuring that they meet certain criteria before they can offer strategies or share trade ideas with users. This adds an element of security in knowing that the providers that users are communicating and interacting with are in fact real, have integrity, and knowledgeable trading brokers. Furthermore, influencing providers that meet certain criteria also have the ability to be paid a retainer based on their following, engagement and successful quality trading advice offered to others.

With the global landscape being thrust to adopt digital means, the time is rife for the trading industry to follow suit. And with IX Social, the time for potential traders to reap the rewards of trading is now.

Russian Central Bank revokes the licenses of five forex companies Alpari, Forex Club, TeleTrade and others.

The Central Bank of the Russian Federation logo

The Central bank of Russia announced on Thursday it had revoked the licenses of the country’s largest companies that provide clients with access to the forex market. These companies, which include Alpari, Teletrade, Forex club, TrustForex and Fix Trade had violated central bank regulations. Also, it has revoked the qualification certificates of the chiefs of the mentioned entities.

All the canceled licenses will stop operating from January 27, 2019. Until that date, companies must return their property to customers and close all obligations. The companies have to return all funds to their clients by the time.

Alpari logo
As to the Forex Club license, the reason for its termination was the repeated violations of the Russian securities law, improper execution or even noncompliance with the instructions issued by the Central Bank, providing reports with the false data.

Regarding the Fix Trade broker, violation of the procedure for information disclosure on the company's website, violation of the licensing requirements, improper organization of the risk management system. TrustForex broker has also violated Russian securities law, provided false information to the regulator, violated the reporting procedure and organization of the internal control system.

Forex Club logo
Regarding TeleTrade, the company has violated the requirements for calculating of own funds, submitted the reports with false data and violation of the deadlines. Alpari Forex has also failed to fulfill regulator's requirements. The company has violated of the procedure for maintaining of the internal accounting, provided false accounting data and violated the risk management system.
All the canceled licenses will stop operating from January 27, 2019. Until that date, companies must return their property to customers and close all obligations. The companies have to return all funds to their clients by the time.

In 2016, when forex brokers were to receive licenses of a financial securities market providers, Alpari and Forex Club were named the largest Russian companies in the international OTC Forex market.

Award-winning online global forex and CFD broker Pepperstone enters the Kenyan market.

Pepperstone one of the world’s largest brokers,enters the Kenyan forex trading market.

Pepperstone is built on an uncompromising level of service for all its clients, underpinned by some of the best prices and execution speeds in the industry. 

Explore Pepperstone’s products and pricing at Pepperstone.com

Pepperstone Markets Kenya Ltd, a subsidiary of Pepperstone Group Ltd, has now been granted a non-dealing Foreign Exchange Broker License by the Capital Markets Authority of Kenya. Pepperstone is a global leader in the online forex trading industry, offering over 1200+ tradable instruments via its MT4, MT5, cTrader and TradingView platforms to more than 400,000 clients worldwide.

Pepperstone Kenya CEO Sahil Patel noted, “We’re extremely excited by the opportunity to bring world class trading platforms, execution and pricing to the vibrant retail and institutional forex market in Kenya.

“Having traded for international banks over the past decade, I am pleased to offer the same level of product sophistication, pricing, analysis and execution to retail investors as that received by a bank trading desk.”

The launch, which coincides with Pepperstone’s 10th year of operations, is part of a global growth strategy that enables more effective and specific servicing of the fintech’s clients.

Mr Patel said, “Ultimately, what sets us apart from our competitors is our commitment to our clients and great service. We’ve modelled our product suite to empower our traders with all the tools, expert market insight and client service they need to succeed on their trading journey.”

Pepperstone Group CEO Tamas Szabo further added, “Kenya is an important new region for us. It has become a renowned and well-regulated financial services hub in East Africa. The economy is highly developed and embodies entrepreneurship and growth. We very much look forward to doing business in Nairobi and working together with the local regulator and government to develop the industry in a sustainable manner.”

About Pepperstone 

Pepperstone is an award-winning online global forex and CFD broker known for delivering exceptional client service and award-winning funding and withdrawals to tens of thousands of clients around the world.  Pepperstone is regulated by the Australian Securities and Investments Commission (ASIC), the UK Financial Conduct Authority (FCA),Dubai Financial Services Authority (DFSA), CySec, BaFin and The Capital Markets Authority of Kenya (CMA). 

Pepperstone broker granted Germany’s BaFin license

Pepperstone review

Award-winning online FX and CFD broker Pepperstone has started his operation under its German license granted by the local regulator BaFin. The new operation will strengthen the broker’s fintech offering to the German speaking world in its 10th year of operation.

Find out more about Pepperstone’s range of instruments and markets available to traders here.

“We’re entering the sophisticated markets of Germany and Austria to offer our clients what they are looking for: Best execution and pricing in combination with an outstanding service to help our clients to master their trade” said Tobias Reichert, General Manager of Pepperstone GmbH. “We have a particularly experienced team here in Germany, and are united with the group’s genuine commitment to helping our clients on their trading journeys.”

“This year marks the 10th anniversary of Pepperstone and we are excited to celebrate it with the start of our operation in Germany.”

As one of the largest MetaTrader brokers in the world, Pepperstone’s vision is a world of digitally-enabled trading for traders to embrace the challenge and opportunity of global markets.

Pepperstone was first established in 2010 in Australia, where it has received multiple awards from the notable Investment Trends for customer service, spreads and support. In 2019, Pepperstone was rated number one for overall client satisfaction and platform features.

Disruptive and agile, the financial technology company has more than doubled in size over the past two years as well as expanded and tailored its product offering into hundreds of new markets.

“Thanks to our team in Germany, Pepperstone can establish even closer ties with our clients in the German speaking world. Germany is one of the most exciting European countries and we look forward to bringing our expertise and technology to the local investors,” said Tamas Szabo, Group CEO of Pepperstone.

“It’s been a huge year for the business. We’ve launched a number of offices in multiple jurisdictions. This growth is testament to our agility, ambition and dedication to delivering what our clients need and want. We’re excited about Pepperstone’s future in the region.”

About Pepperstone

Established in 2010, Pepperstone is now one of the largest MT4 brokers in the world. The company has subsidiaries across the globe and holds licenses issued by the Australian Securities and Investments Commission (ASIC), the UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Dubai Financial Services Authority (DFSA), the Capital Markets Authority of Kenya (CMA), and the Securities Commission of The Bahamas (SCB).

FCA fines UBS AG £27.6 million for transaction reporting failures

FCA Regulator

UBS AG (UBS) has been fined £27,599,400 by the Financial Conduct Authority (FCA) for failings relating to 135.8 million transaction reports between November 2007 and May 2017.

UBS has been found to have failed to ensure it provided complete and accurate information in relation to approximately 86.67 million reportable transactions. It also erroneously reported 49.1 million transactions to the FCA, which were not, in fact, reportable. Altogether, over a period of nine and a half years, UBS made 135.8 million errors in its transaction reporting, in violation of FCA rules.

UBS logo

The FCA also found that UBS failed to take reasonable care to organise and control its affairs responsibly and effectively in respect of its transaction reporting. These failings related to aspects of UBS’s change management processes, its maintenance of the reference data used in its reporting and how it tested whether all the transactions it reported to the FCA were accurate and complete.

UBS agreed to resolve the case and so qualified for a 30% discount in the overall penalty. Without this discount, the FCA would have imposed a financial penalty of £39,427,795.

FCA Executive Director of Enforcement and Market Oversight, Mark Steward, commented:

"Firms must have proper systems and controls to identify what transactions they have carried out, on what markets, at what price, in what quantity and with whom. If firms cannot report their transactions accurately, fundamental risks arise, including the risk that market abuse may be hidden."

The Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom, but operates independently of the UK Government, and is financed by charging fees to members of the financial services industry. The FCA regulates financial firms providing services to consumers and maintains the integrity of the financial markets in the United Kingdom. You can read a detailed article about why traders should choose UK brokers.

ETX Capital Offer Top-Traded Stocks At Zero Commission

There is some good news for the traders of the London-based broker ETX Capital. The broker has announced the launch of zero commission stock trading across their top-traded stock CFDs. The company has said that the likes of Tesla, Apple, Amazon, and even UK shares like Barclays are included, calling these their most-popular markets amid their client pool.

Nandik Barbhaiya, ETX Capital CMO

The CMO of the company, Nandik Barbhaiya, has commented: “We continue to see the demand for stocks increasing, but there are often so many barriers to new traders looking to try these. ETX wanted to give more people a simpler way to buy and sell these bigger stocks with no minimum charge or commissions.”

Besides these major brand names, ETX offers thousands more stock CFDs across US and European exchanges. 

ETX Capital is owned and operated by the Monecor (London) Ltd, a member firm of the London Stock Exchange. Authorised and regulated by the Financial Conduct Authority with Financial Services register number 124271. The broker is regulated by the FCA and acquired by Swiss firm Guru Capital in 2020, is one of the UK’s leading brokers. They offer trading on forex, indices, stocks, and other CFDs, as well as financial spread betting across their award-winning platform on both desktop and mobile. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.5% of retail investor accounts lose money when spread betting or trading CFDs with ETX. You should consider whether you understand how spread bets or CFDs work and whether you can afford to take the high risk of losing your money.

FXTM Launches Innovative New Indices and Introduces Zero Spreads on Major FX Pairs

FXTM, an Exinity Group company, announced the launch of 11 innovative new indices offering clients new ways to trade the FX majors and popular market sectors.

The new products, promoted as new Currency and Stock Baskets, include six FX indices monitoring the performance of EUR, GBP, USD, JPY, AUD and NZD against baskets of other currencies, as well as creative stock indices reflecting the performance of Social, Green, Space, Mobile and Vegan-related companies. 

The company also introduced zero spreads on major FX pairs on its ECN account, with commissions that can go as low as just $0.2 per lot.*

Commenting on the news, Exinity Group’s Chief Dealer Charis Mountis said: “In 2020, the heightened volatility in financial markets have brought renewed interest in the retail trading space. To help our clients seize even more trading opportunities, our trading team has devised these creative currency and stock indices, combined with zero spreads on major FX pairs  — enabling clients to make the most of out every trade with us”.

Many of the new indices are already proving popular among FXTM clients. A full list of the available indices includes:

  • EUR Index
  • USD Index
  • JPY Index
  • GBP Index
  • AUD Index
  • NZD Index
  • Social Index
  • Green Index
  • Mobile Index
  • Space War Index
  • Vegan Index

*While spreads for EURUSD and GBPUSD will typically be at zero for most of the time on the ECN account, FXTM cannot guarantee spreads will always remain at zero, especially during volatile times. Commission on the ECN account is floating and depends on trading volume and equity. 

New indices are available on ECN MT4, while zero-spreads are available across ECN MT4 and MT5.

For more information on FXTM’s new indices, please visit here.

FXTM is an international online forex broker offering financial services in forex, CFDs on spot metals and CFDs on Commodity Futures, Indices and Shares.

FXTM brand is authorized and regulated in various jurisdictions. ForexTime Limited (www.forextime.com/eu) is regulated by the Cyprus Securities and Exchange Commission with CIF license number 185/12, licensed by the Financial Sector Conduct Authority (FSCA) of South Africa, with FSP No. 46614. The company is also registered with the Financial Conduct Authority of the UK with number 600475. Exinity Limited (www.forextime.com) is regulated by the Financial Services Commission of the Republic of Mauritius with an Investment Dealer License bearing license number C113012295. Forextime UK Limited (www.forextime.com/uk) is authorised and regulated by the Financial Conduct Authority, firm reference number 777911.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.”