Author: Fajar Febriansyah

StoneX clients can now leverage CME–TMX spread opportunities following the firm’s TMX membership, building on its recent ASX membership from April 2024. StoneX Group Inc. announced that its subsidiary, StoneX Financial (Canada) Inc., has been granted Approved Participant status on the Montreal Exchange (TMX). This milestone expands StoneX’s extensive financial services network, which now spans over 40 derivatives exchanges globally. Montreal Office Broadens Offerings The Montreal office of StoneX Canada, known for its expertise in commodity trading and risk management, will now also provide services in listed fixed income products on the TMX. This new offering caters to a diverse…

The trading platform provider is making strides in the proprietary trading industry, enhancing its offerings for prop firms. Match-Trader is now a key component in the portfolios of many top firms. Match-Trade Match-Trade Technologies has announced a major upgrade to its Match-Trader platform, aimed at boosting the capabilities of prop firms. The update includes the integration of TradingView charts and exclusive pricing for challenge accounts, providing proprietary trading companies with better tools to grow their operations. Match-Trader Boosts Prop Trading Capabilities With the new integration of TradingView charts, traders can now access these widely-used charting tools directly within the Match-Trader…

Job Growth Holds Up Despite Rate Hikes The U.S. job market has shown resilience over the past year, according to Wells Fargo analysts, even as investors anticipate the upcoming release of June’s nonfarm payrolls report on Friday. In a recent note to clients, the analysts highlighted that the average monthly increase of 230,000 in nonfarm payrolls—a crucial indicator of labor demand—has defied expectations of a sharp slowdown following the Federal Reserve’s series of interest rate hikes. Healthcare, Government, and Leisure Lead the Gains They pointed out that a significant portion of these job gains has been concentrated in three sectors:…

Crypto Fund Trader is set to launch its “Crypto Futures Platform” on August 1, becoming the first trader-funded firm (TFF) to offer futures trading based solely on digital tokens. This move positions Crypto Fund Trader among the growing list of proprietary trading firms expanding into the futures market. New Platform Features Announcing the launch on social media, Crypto Fund Trader revealed that the platform will offer 120 leveraged pairs for digital assets, available to traders worldwide without country restrictions. This development is particularly notable given that the firm had to suspend services for US clients on MetaTrader 5 five months…

Cryptocurrencies experienced a boost at the start of Monday, buoyed by gains in the equity markets, signaling increased optimism as significant central bank decisions loom. This week, investors are keenly awaiting the release of crucial economic data and the Federal Reserve’s July meeting, scheduled for Tuesday and Wednesday. The outcome will include an announcement on interest rates and new monetary policy guidance. While interest rates are widely expected to remain unchanged, investors will be on the lookout for hints regarding the timing and frequency of potential rate cuts this year. The central bank’s policy guidance and the post-meeting press conference…

Pricing Structure BabyPips is free to use. However, users can contribute $5, $10, or $20, either as a one-time donation or a consistent monthly or yearly contribution to support their efforts. Trading Platforms Available BabyPips is accessible via its website. Customer Support Channels BabyPips provides customer support through email, Facebook, Instagram, and Twitter. Pros Cons In-Depth Look at BabyPips BabyPips offers a comprehensive range of educational resources and tools designed to help beginners understand the fundamentals of forex trading. While the content may be too basic for more experienced traders, the website’s engaging style and extensive resources make it a…

Trading Fees Coinbase applies a variable percentage fee of just under 1.5% for straightforward trades of $205 or more. For smaller trades, a fixed fee is charged. Trading Platforms Available Coinbase provides a mobile app for trading. Broker Type Coinbase is a cryptocurrency broker. Educational Resources Yes, Coinbase offers educational resources. Customer Support Channels Coinbase offers customer support via email and a phone support line. Pros Cons In-Depth Look at Coinbase Coinbase is one of the most prominent cryptocurrency exchanges globally, known for its extensive selection of coins and user-friendly platform. Despite receiving some negative reviews related to its growth…

Eligible users can earn rewards through staking, subject to certain conditions and inherent risks. Solana users are automatically enrolled, while Ethereum users need to opt in. eToro Update Today, eToro, the renowned trading and investing platform, announced the launch of staking services for Solana (SOL) and Ethereum (ETH). This new feature allows users to earn rewards by participating in staking activities. Previously, eToro offered staking for Cardano (ADA) and Tron (TRX). The new addition of Solana and Ethereum expands these opportunities. Users must reside in a country where staking is permitted and maintain an open position in the staked cryptocurrency…

The Financial Conduct Authority (FCA) has imposed stringent restrictions on London Stone Securities Limited, a wealth management firm, following findings of excessive and unjustified client fees. The firm is now barred from conducting any regulated activities, charging additional fees to existing clients, or accepting new clients without FCA approval. Issues of Excessive Fees and Transparency The FCA’s action came after it was revealed that London Stone Securities charged some clients fees that exceeded 65% of their portfolio value, significantly impacting the value of low-value investment portfolios. These excessive charges were neither justified nor communicated adequately to clients, many of whom…

FTMO, a leading proprietary trading firm, experienced a significant increase in turnover, reaching nearly CZK 5 billion (over $213 million) in 2023, an impressive 20 percent rise from the previous year’s CZK 4 billion (approximately $170 million). The firm’s EBITDA also approached the $100 million mark. Robust Performance in 2023 FTMO saw its active trading accounts surpass 2.3 million in 2024, marking a 33 percent year-over-year growth. Co-founder and CEO Otakar Šuffner emphasized the importance of their transition from a single-focus company to a diversified group synergizing various sectors. This shift included the acquisitions of Quantlane, a traditional proprietary trading…