Author: Fajar Febriansyah

In a significant development, global multi-asset broker VT Markets has announced a new collaboration with the renowned Newcastle United football club. The partnership was commemorated with the unveiling of a special jersey featuring the number ’77’, a number that holds particular importance for VT Markets, symbolizing prosperity and growth. Celebrating the Partnership The ceremony, which took place at Japan’s Saitama Stadium on July 31, highlighted the mutual respect between the two entities. As a gesture of appreciation, Newcastle United presented VT Markets with the symbolic ’77’ jersey, while VT Markets reciprocated with an appreciation trophy. Peter Silverstone, Newcastle United’s Chief…

Trading 212 has acquired FXFlat Bank GmbH, marking its entry into the German market through a fully licensed local entity. This strategic move is set to bring Trading 212’s zero-commission investing platform to German investors, further disrupting traditional brokerage services across Europe. Strategic Expansion into Germany The acquisition of FXFlat Bank GmbH by Trading 212 represents a significant step in the company’s European growth strategy. Known for its innovative zero-commission trading model, Trading 212 has gained a strong foothold in the UK and European markets. This latest acquisition allows the company to establish a direct presence in Germany, operating under…

Capital.com has unveiled a new initiative inviting ethical hackers and security researchers worldwide to identify and report software vulnerabilities on their platforms. This global call to action offers cash rewards based on the severity of discovered issues, reflecting Capital.com’s commitment to maintaining the highest standards of security. A Global Invitation for Enhanced Security In a move to bolster its platform’s defenses, Capital.com has launched a public bug bounty program, hosted on the crowdsourced security platform Intigriti. This initiative underscores the company’s dedication to safeguarding user data and ensuring the integrity of its trading environment. By inviting security experts from around…

YaMarkets has been officially recognized as the latest member of the Financial Commission, providing the company and its clients with access to a range of valuable services, including financial protection of up to €20,000 per complaint. This membership marks a significant step for YaMarkets in simplifying and accelerating the dispute resolution process, offering a more efficient alternative to complex regulatory procedures. Enhanced Client Services with Financial Commission Membership Effective from August 14th, 2024, YaMarkets’ inclusion as an approved broker member of the Financial Commission underscores the company’s commitment to enhancing client services. With this new membership, YaMarkets’ clients can now…

X Open Hub, a recognized leader in providing liquidity solutions, has announced its participation as an exhibitor at FMPS:24, one of the most prominent online trading, fintech, and crypto events in the Asia-Pacific (APAC) region. The event will take place at the International Convention Centre (ICC) in Sydney, Australia, from August 27-29, 2024. This inaugural event is expected to gather thousands of C-level executives, financial institutions, fintech companies, and key industry figures to explore the latest developments, challenges, and opportunities in the financial markets. As an exhibitor, X Open Hub aims to further solidify its reputation as a leading service…

CFI Group has announced its expansion into Azerbaijan through the acquisition of AzFinance İnveŞtisiya Şirkəti, a brokerage firm regulated by the Central Bank of Azerbaijan. This acquisition will allow AzFinance to integrate its services into CFI’s trading platform and be rebranded under the CFI Group name by the end of the year. The move is expected to create new opportunities for both local and regional traders. Expansion into Azerbaijan CFI Group, with over 25 years of experience in the industry, is venturing into the Azerbaijani market for the first time. This strategic move aims to capitalize on Azerbaijan’s strategic location…

The Finance Magnates social media benchmark highlights the increasing prominence of brokers on platforms like Facebook and X (formerly Twitter), as they leverage these channels to enhance their market presence and connect with clients. A strong social media presence not only drives engagement but also builds brand loyalty, contributing to overall business growth. Through social media, brokers can reach a wider audience, display their expertise, and offer real-time updates essential in today’s fast-paced financial landscape. Leading the Social Media Landscape The Finance Magnates social media presence benchmark was established to assess brokers’ growing influence on social media. This benchmark counts…

easyMarkets, a global leader in financial trading, has received a license from South Africa’s Financial Sector Conduct Authority (FSCA), marking a significant milestone in its expansion. The company views this approval as a testament to its dedication to the South African market. Enhancing Regulatory Credentials The FSCA license is a notable addition to easyMarkets’ existing international regulatory credentials. The company is already licensed by CySEC in Cyprus, ASIC in Australia, FSA in the Seychelles, and the FSC in the British Virgin Islands. Koula Lamprou, CFO of easyMarkets, stated, “Securing the FSCA license reflects our strict adherence to financial, operational, and…

IG has announced that it will no longer offer PayPal as a payment option for its UK users, following discussions with the Financial Conduct Authority (FCA). The company recommends Apple Pay as an alternative for seamless transactions. Transition to Apple Pay UK users will need to find new ways to fund and withdraw from their accounts, as IG suggests switching to Apple Pay. This payment method ensures instant transactions with high authorization rates, providing a smooth user experience. An IG administrator stated, “This decision follows discussions with the FCA and has led us to adjust our payment methods. Rest assured,…

In June 2024, retail Forex deposits in the United States saw a robust increase, marking the highest levels recorded in over a year. Following two months of declines, deposits rebounded strongly, driven by continued volatility in the currency markets that has kept traders actively engaged. Forex Deposits in the US Hit $558 Million According to the latest data from the Commodity Futures Trading Commission (CFTC), the total value of Forex deposits in the US reached $557.5 million in June 2024, representing a 1.8% increase compared to May. This nominal growth of nearly $10 million is the highest figure seen in…