Author: Desmond Brooks
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.
Ahead of the 2024 US presidential elections, Tickmill has introduced a new platform designed to help traders manage the market volatility expected during this period. The US Elections-Traders Hub offers a range of tools, resources, and expert insights aimed at equipping traders with the necessary information to navigate the uncertainty surrounding the election. Preparing for Shifting Market Conditions The November 5, 2024 election is expected to bring significant changes to the markets, influencing everything from stocks to commodities. To support traders, Tickmill’s newly launched hub provides data, historical insights, and expert analysis. The hub’s resources cater to traders of all…
Traddoo, a well-known player in the retail proprietary trading sector, has announced a temporary halt on challenge sales for new clients. The pause is due to ongoing upgrades aimed at enhancing its client platform. Current customers will not be affected, as their accounts will continue to function as usual during the updates. Platform Improvements Underway at Traddoo Dylan Worrall, the CEO of Traddoo, shared via the company’s Discord channel that the team is working on launching a more intuitive client dashboard. This new dashboard is expected to roll out within the next few weeks, and during this period, new challenge…
Markos Kashiouris, the founder of IronFX, has quietly ventured into the booming prop trading industry with the launch of Ultimate Traders, a new prop trading platform. This move further solidifies Kashiouris’ presence in the retail trading world, according to information obtained by Finance Magnates. Ultimate Traders Under Kashiouris’ Ownership Ultimate Traders is operated by a UK-registered company, Ultimate Traders Evaluation Ltd, which was incorporated in February 2023. According to public records from Companies House, Kashiouris holds a controlling interest in the platform, owning over 75 percent of the company. IronFX, a well-known forex and contracts for differences (CFDs) broker, is…
MPFunds, an affiliate of the proprietary trading firm Prop Firm Match, has ceased operations, citing regulatory hurdles and the unexpected loss of banking services. As a result, users of Prop Firm Match who participated in MPFunds’ trading program have been left in a state of uncertainty with no clear direction regarding potential compensation. Prop Firm Match Offers Assistance to Affected Traders In response to the closure, Prop Firm Match took to X to express its surprise, stating it had no prior knowledge of MPFunds’ decision to shut down. To help affected traders, Prop Firm Match is offering free challenge accounts…
eToro has announced a new partnership with Bayer 04 Leverkusen, solidifying a two-year sponsorship agreement. Starting with the upcoming football season, eToro will serve as the official trading partner of the German football club, following Leverkusen’s remarkable 2023/24 season, which saw them winning the Bundesliga title and the DFB Pokal. Key Elements of the Partnership As part of the deal, eToro will gain significant visibility among Bayer 04 Leverkusen’s fan base, both domestically and internationally. The sponsorship includes advertising rights at the club’s home stadium, BayArena, with prominent exposure through LED perimeter boards and media backdrops during match days. Additionally,…
XTB has recently supported both the UAE National Boxing Team and the Polish team at the Economics Olympiad in Greece. Though financial specifics of these partnerships remain confidential, the sponsorships underscore XTB’s growing commitment to sports and educational development across multiple regions. Supporting UAE Sports Development In the UAE, XTB MENA has partnered with the UAE Boxing Federation to sponsor the national boxing team, its coaches, and various events. This marks an important step in XTB MENA’s aim to encourage athletic development in the country, although further details on the sponsorship and future initiatives have yet to be revealed. The…
This new collaboration allows traders to access real-time bid and ask prices from CME Group and Nasdaq directly within their web browsers, broadening the accessibility of market data. In a move to enhance the trading experience, fintech firm dxFeed has partnered with PriceSquawk, an audio-based trading platform that translates live market data into sound. This integration provides traders with CME Group and Nasdaq Level 1 data, offering an innovative way to stay informed about market dynamics without being constantly tethered to a screen. A New Dimension in Market Trading: dxFeed and PriceSquawk PriceSquawk’s ability to convert market activity into auditory…
NAGA Group, a leading fintech company, has successfully completed its merger with Key Way Group, the parent company of CAPEX.com. This strategic merger, which received all necessary regulatory approvals in just six weeks, is set to strengthen NAGA’s global presence and optimize operational costs, according to a report from EQS News. Growth in Global Reach With this merger, NAGA Group has solidified its position as a prominent neo-broker worldwide, now serving approximately 1.5 million users across more than 100 countries. The integration of CAPEX.com’s user base into NAGA’s platform is anticipated to introduce a variety of enhanced features and services,…
The Spanish National Securities Market Commission (CNMV) has updated its warning list, flagging several unauthorized entities, including copycat versions of well-known FX and CFD brokerages like AvaTrade, LCG, and JFD. Despite ongoing efforts by regulators and firms, the issue of cloned brokers remains a persistent challenge. Latest Clone Scams Target AvaTrade, LCG, and JFD In a notice issued this week, the CNMV warned that several entities were operating without proper authorization, with some impersonating established brokerage brands. Among the unauthorized entities listed are Capital Finexp, LBank, Coinrisen, and Immediate Edge, alongside fraudulent clones of popular FX/CFD firms. One such clone…
Dukascopy Japan has been authorized to offer commodity CFDs, now available on both LIVE and DEMO JForex accounts. The company plans to expand its services by securing a license for equity-based CFDs soon. New Trading Opportunities for Clients Dukascopy Japan recently received approval from Japan’s Ministry of Economy, Trade, and Industry (METI) and the Ministry of Agriculture, Forestry, and Fisheries (MAFF) to introduce commodity CFDs to its platform. This new offering allows clients to trade commodities like oil, natural gas, and precious metals. The commodity CFDs will be accessible to both live and demo account users in Japan, adding a…