Author: Desmond Brooks
Desmond Brooks is a skilled financial strategist with a keen eye for market analysis and trading opportunities. With a solid foundation in finance and a passion for economic trends, Desmond provides clear, actionable insights that help traders navigate the complexities of the market. He has contributed to several financial platforms, where his expertise in strategic planning and risk management has made him a trusted voice in the trading community.
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…
Leverate teams up with Cricpayz to deliver advanced financial solutions leveraging Leverate’s cutting-edge technology. Cricpayz is a key player in high-risk transaction processing, catering to sectors such as sports betting, online casinos, and forex trading. Financial Technology Collaboration In a strategic move to expand its footprint in the Asian market, Leverate has joined forces with Cricpayz, a prominent Indian payment service provider. This partnership aims to deliver enhanced financial solutions and payment experiences to brokers and proprietary trading firms across Asia. Leverate’s Strategic Expansion in Asia Leverate’s ongoing expansion into Asia underscores its commitment to providing top-tier financial technology solutions.…
Trade Nation, a broker founded in 2014, has now integrated with the TradingView platform. This partnership allows users to access CFD and spread trading across a wide range of markets, including forex pairs, indices, commodities, and global shares, using TradingView’s advanced charting tools. Comprehensive Trading Resources Trade Nation provides fixed spreads with zero commissions, along with daily reports and advanced charting features. With a global team experienced in spread and CFD trading, Trade Nation aims to make low-cost trading accessible to traders of all levels. The broker supports over 100,000 clients and offers 24/7 customer support. To access Trade Nation…
Fortex Technologies, a leading provider of FX trading solutions, has introduced a new One-Click Trading feature aimed at simplifying and accelerating trade execution. The company, known for its popular trading platform, claims this new addition will bring significant benefits to traders by reducing manual entry errors and enhancing overall efficiency. Instant Trade Execution and Customization The One-Click Trading feature enables traders to execute orders instantly with a single click, offering a streamlined approach to trading. This functionality is customizable, allowing users to tailor the settings to their specific trading strategies, which can potentially improve their trading outcomes. “Discover how the…
Bybit is set to launch the MetaTrader 5 (MT5) platform for trading cryptocurrencies, forex, and Contracts for Difference (CFDs) in early August 2024. This new feature will provide enhanced trading options without requiring a minimum deposit. Key Features of Bybit’s MT5 Platform Bybit’s MT5 platform will support trading with USDT (Tether) and offer top-tier liquidity and competitive fees. Traders will have access to crypto perpetuals with minimal spreads and leverage options. The platform will also facilitate forex trading and allow CFD trading on assets like gold and oil, enabling speculation on price movements without owning the underlying assets. Deposits will…
Expectations are mounting that the Bank of England (BoE) will initiate interest rate cuts this week. The GBP/USD pair may have already peaked in the medium term. The BoE is set to release its latest monetary policy report this week, with financial markets pricing in over a 60% chance of an interest rate cut on Thursday at noon UK time. At the June meeting, the decision to maintain rates was considered “finely balanced,” as annual inflation dropped to 2% in May, meeting the central bank’s target. However, UK services inflation remained high at 5.7%, slightly down from 6% in March,…
Apple has opted for chips designed by Google rather than those from industry leader Nvidia to develop crucial components of its artificial intelligence software infrastructure, according to an Apple research paper published on Monday. This decision is noteworthy as Nvidia is renowned for producing the most sought-after AI processors. Despite this, Apple chose to utilize Google’s cloud infrastructure. Nvidia dominates approximately 80% of the AI processor market, including those produced by Google, Amazon.com, and other cloud computing firms. The research paper did not explicitly state the absence of Nvidia chips, but the description of Apple’s AI tools and features infrastructure…