São Paulo traders discovered currency CFDs, pay better than their day jobs and never looked back. An IT developer making 8,000 reais monthly watches EUR/USD move 100 pips and makes that in an hour. Sure, they can lose it just as fast, but the potential beats grinding in Faria Lima offices for executives who pay… Read More »
FSCA woke up after ten years of sleeping and decided CFD brokers needed regulating. They announced new rules with fanfare like they invented investor protection. Leverage caps at 30-to-1. Mandatory risk warnings. Negative balance protection. Things European regulators implemented in 2018. South African traders celebrated basic protections that should have existed from the start while… Read More »
Avid Kenyan traders are now falling back on WhatsApp groups to share forex. These online communities provide instant information, graphs, and trading indicators which enable members to respond fast to the change in the market. These groups are used by students, staff and freelancers alike to add value to their education and covertly turn the… Read More »
The past few years have witnessed a phenomenal transformation in the business of some financial institutions in Hong Kong because of the increasing pressure on regulations and uncertainties in the market. A forex broker is moving part of their business to Singapore, which is defined by a stable regulatory system and a properly developed financial… Read More »
The designers of the dashboard tend to underestimate the relevance of a well-organized dashboard in improving performance of traders. The TradingView interface is extremely customizable and gives a user several options to design his workspace in accordance with his or her trading requirements. Useful organization of charts, indicators, and watchlists will help traders to minimize… Read More »
There are several forex brokers in Mexico that are also focusing on workers depending on foreign remittances. Such investors usually seek opportunities to expand their income beyond conventional banking. The brokers that target this group of people usually provide small minimum deposits, mobile-based platforms, and easy account opening procedures to suit customers who might lack… Read More »
The political instability that has been experienced in Colombia has been a challenge to the strength of numerous financial institutions, but some forex broker firms have been able to withstand the recent demonstrations. Such businesses were forced to change fast with the changes in communication, market unpredictability, and customer issues. They put in place effective… Read More »
Indian traders are more interested in finding smooth and efficient ways of making payments to their trading accounts. Unified Payments Interface or UPI is now a highly convenient product that enables direct transfer of money between bank accounts instantly without the delays that come with traditional banking. This has made a few international and domestic… Read More »
Misunderstandings around VAT requirements have created significant confusion, as many brokers apply inconsistent charges to Dutch client accounts, leaving traders unsure why their trading costs have unexpectedly increased. Tax laws in Europe do not necessarily conform so well with how various brokers view their responsibilities, so some companies will charge VAT on spreads whereas others… Read More »
Most Pakistanis overseas are willing to earn extra money by trading in foreign exchange in the hope that it will be used to supplement their incomes or accumulate savings. The online trading currency is very enticing especially with high leverage and quick gains that are promised. Nevertheless, not every broker who targets the Pakistani abroad… Read More »