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.
The partnership is set to enhance the trading experience for over 4.7 million Markets.com users by streamlining online transactions worldwide. Worldpay has entered into a partnership with Markets.com to handle global payment processing and fund distribution. As a seasoned global trading broker with over 15 years in sectors like Forex, equities, and cryptocurrencies, Markets.com serves a platform of more than 4.7 million traders. Trading with Enhanced Payment Systems This strategic alliance aims to enrich the trading experience by delivering quicker, more seamless, and secure online transactions. Worldpay, a leader in payment technology, processes over 40 billion transactions each year across…
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…
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…
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…