Forex trading hours means non-stop trading folks can do in Foreign Exchange at any time of day or night (except for weekends), and trade as they wish. Forex market is known by various other names such...
Tag: Forex
Chicago Trader to Pay $377,000 for Forex and Commodity Fraud Charges
The US Commodity Futures Trading Commission ( CFTC CFTC The 1974 Commodity Exchange Act (CEA) in the United States created the Commodity Futures Trading Commission (CFTC). The Commission protects and...
Fair Forex Has Chosen Stefano Ceacmacudis as Its New Chief Executive Officer
Fair Forex has chosen Stefano Ceacmacudis as its new Chief Executive Officer, effective from March 2022. Finance Magnates recently learned from the LinkedIn profile of Stefano Ceacmacudis, a senior ex...
7 Must Know Factors To Keep In Mind When Trading For The First Time In Forex
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Here are the best 4 forex pairs to trade this week
Currencies have been a bit volatile lately as investors focus on the recent Federal Reserve, Bank of England, European Central Bank, and Bank of Japan interest rate decisions. The ongoing crisis in Uk...
Russian Broker VTB Captial Forex Resumes FX Trading Without RUB Pairs
VTB Capital Forex has announced that it resumed retail trading Retail Trading In finance, retail trading refers to individual traders, trading through a broker, or on a platform. This can include no...
Hamas Bans Forex Trading amid Growing Complaints of Fraud
The Hamas government in Gaza has reportedly banned trading in the Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses ...
Best 3 forex pairs to trade as volatility escalates
This is a pivotal week for the financial market as multiple central banks deliver their decisions and as the crisis in Ukraine continues. The US dollar and other safe havens like gold and crude oil ha...
GBP/USD forex signal: Sterling crashes ahead of UK GDP data
The GBP/USD crashed to the lowest level since November 2020 after the strong American consumer inflation data. It is trading at 1.3088, which is about 8% below the highest level in 2021. UK GDP data ...
Types of Forex Scams and How to Spot Them
There are many scams related to forex targeting the public & retail traders. These scams continue to surge. These days, forex adverts on social media are synonymous with pictures of luxury cars or...
Russian Central Bank Temporarily Suspends Forex Sale
The Central Bank of Russia has issued a new order on Wednesday that immediately suspends banks from selling foreign currencies (forex) until September 9. This move came when the ruble has plunged agai...
CryptoAltum brings forex traders to the crypto markets
Offering high leverage, low trading costs, and zero commission, CryptoAltum is built by veteran forex traders, for day traders who are looking to enter the cryptocurrency markets. Up till now, the cry...
German Active FX/CFD Retail Traders Base Grew 58%
Germany is one of the largest economies in the world, and undeniably the largest economy in the European Union, and one of the biggest foreign exchange (FX) markets in Europe. It is home to many retai...
Putin signs decree to prohibit leaving Russia with more than $10,000 in foreign currency
Russian President Vladimir Putin on Tuesday signed a decree that prohibits taking more than $10,000 worth of foreign currency in cash and “monetary instruments” out of Russia. The move comes in respon...
Top 10 Countries With the Biggest Forex Reserves
NEWS ALERT February 24, 2022, 2:48 p.m. EST: The Russian central bank began selling foreign currency on the forex market for the first time since 2014 after Russia’s invasion of Ukraine sent the...
Russia’s VTB Bank Asks Customers to Avoid Conducting Forex Transactions
VTB Group, a Russian state-owned bank, has asked its corporate customers to refrain from executing transactions in U.S. dollars and euros to ‘minimize risks given the current situation’. H...
OANDA Taps Saxo Bank Exec Michael Aagaard to Head Its Forex Trading Business
OANDA, a global online multi-asset trading services firm headquartered in the US, has announced the appointment of Michael Aagaard, a longtime Saxo Bank executive, today to head the company’s foreign ...
Russian FX Dealer VTB Capital Forex Suspends Trading, Cites Sanctions
VTB Capital Forex, which is one of the four licensed Russian foreign exchange dealers, announced on Friday the suspension of all trading activities, citing anti-Russian sanctions. Though the Western g...
Luna Foundation Guard Raised $1 Billion for BTC Forex Reserves
The Luna Foundation Guard (LFG) has founded a Bitcoin (BTC) denominated forex reserve in a $1 billion private token deal for Terra’s largest stablecoin. LFG is a non-profit organization that helps to ...
CySEC Blacklists Four More Forex and Investment Websites
In a circular released on Monday, the main regulatory body of the financial market of Cyprus, the Cyprus Securities and Exchange Exchange An exchange is known as a marketplace that supports the tr...
Revolut Acquires India’s Arvog Forex in Expansion Move
British fintech giant Revolut announced on Friday that its subsidiary arm in India has acquired Arvog Forex, a local money transfers firm, to jump-start its product strategy in the nation. Although Re...
Forex Traders from Singapore Spend More than $1,743 on Their First Deposit
Continuing our series of analyses in which we look at the retail Forex (FX) and contracts for difference (CFD) industries in individual countries, this time we visit the Asian continent, taking a look...
Forex Expo 2022: Networking & Expertise Return to Cyprus
Shortly after great success in autumn 2021, the flagship event of the Forex industry Forex Expo returns to Cyprus to keep the networking going. Once again Parklane Hotel welcomes the whole industry wi...
CFTC Charges Two Florida Residents and Their Firm with $19 Million Futures and Forex Fraud
The Commodity Futures Trading Commission ( CFTC CFTC The 1974 Commodity Exchange Act (CEA) in the United States created the Commodity Futures Trading Commission (CFTC). The Commission protects and...
Harmony Will Host Onomy’s Hybrid Dex And Forex Market
Harmony’s users will be able to access Onomy’s planned hybrid DEX, codenamed ONEX, once the integration is complete, according to the protocol’s announcement on Twitter Onomy’s hybrid DEX, multi-curre...
Saxo Bank Forex Trading Volume Rises by 21%
As the first month of 2022 passed very quickly, firms were eager to show their performance for the first month. The Denmark-based investment bank, Saxo, has posted some positive statistics for January...
Onomy’s hybrid DEX and Forex market to deploy on Harmony
Onomy Protocol recently announced teaming up with Harmony, adding the highly scalable, low-energy blockchain based on a sharded architecture to a growing list of cross-chain deployments. The integrat...
XTB to Start Forex Trading in South Africa in Second Half of the Year
XTB, a Poland-based online forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, t...
Trust Payments Announces Expansion of Its Retail Forex Business in Cyprus
On January 26, Trust Payments, a global unified payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent ...
Is Poland Still the European Tiger in the Forex World?
Finance Magnates presents country-oriented reviews in the newest series of foreign exchange (FX) industry analyses. We want to x-ray economies, most popular trading brands, legislation, volumes, numbe...