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Nigerian Currency Plunges to All-Time Low Versus Dollar, Central Bank Revokes Licenses of 2,700 Currency Exchanges
22.7.2023
The exchange rate of the Nigerian currency versus the greenback recently plunged to an all-time low of NGN860:USD1. The naira’s depreciation has been attributed to shortages of foreign exchange on the official market and the rising demand for forex. The Central Bank of Nigeria (CBN) said...
MoneyExpo India 2023: Bringing leading forex & stock companies together
12.7.2023
MoneyExpo India 2023, the premier finance event of the year, is delighted to announce the participation of an impressive lineup of both forex and stock companies. Taking place at the prestigious Jio Convention Centre in Mumbai, India, MoneyExpo India 2023 promises to provide attendees with...
Navigating the Forex market during times of crisis
12.7.2023
Trends and trading strategies are what the Forex market is buzzing about, and understanding the challenges and opportunities of trading Forex during times of crisis is advantageous. When a crisis strikes the volatile market, many traders and investors make friends with time and patience. Despite...
Exness publishes its report for June 2023
10.7.2023
Exness, an online broker for metals, stocks, & cryptocurrencies, among other things, has published its report for June 2023. The trading volume of CFDs has dipped but managed to remain above the $3 trillion mark. Specifically speaking, the number stands at $3.31 trillion in comparison to $3.35...
Interactive Brokers Group shares Brokerage Metrics for June 2023
4.7.2023
Interactive Brokers Group recently released the Electronic Brokerage performance for June 2023. The automated global electronic broker shared the report on its official website. The brokerage highlighted several crucial metrics, such as: Approximately 2 million DARTs (Daily Average Revenue...
Signal Centre is now exclusively available on the ThinkTrader web
28.6.2023
ThinkTrader has recently expanded its suite of accessible tools with Signal Centre. The platform announced that Signal Centre will now be exclusively available on ThinkTrader. ThinkMarkets Standard account holders can directly access Signal Centre on ThinkTrader. The proprietary trading platform...
HYCM financial reports show low profit despite a 14% revenue boost
22.6.2023
HYCM recently released its financial report for 2022. According to the report, the company witnessed a 14% rise in its yearly revenue. The company generated 1.88 million pounds in 2022 compared to 1.65 million pounds in 2021. Similarly, the UK-based broker accrued over 697,000 pounds in operating...
Nigerian Currency Falls by More Than 30% After Central Bank Announced New Forex Market Rules
18.6.2023
The Nigerian currency’s official exchange rate versus the greenback recently plunged to NGN634 per dollar from just under NGN470 per dollar. The central bank’s decision to allow the naira to “float” came a few weeks after Nigerian president Bola Ahmed Tinubu pledged to end...
Here's what Nigeria's naira float means for its crypto market
15.6.2023
This reduces the likelihood of artificial price differences between the naira and cryptocurrencies in different markets
Interactive Brokers expands its European Exchanges offerings
14.6.2023
Interactive Brokers has announced expanding its offering of European exchanges. It now enables Nasdaq Copenhagen and Prague Stock Exchange, allowing traders to diversify their investment opportunities. With this, the automated global electronic broker has enhanced the services in all its operating...
ZuluTrade to exhibit upgraded affiliate program at SiGMA Americas
13.6.2023
ZuluTrade has confirmed that it will be participating in SiGMA Americas in Sao Paulo to demonstrate its upgraded affiliate marketing program. The social trading platform will be in Brazil from June 15, 2023, to June 17, 2023. One can access their team at Stand Number C150 at the Transamerica Expo...
Exness releases its May 2023 financial statement
12.6.2023
Exness has published its report for May 2023 to highlight a rise in trading volume. The figure previously stood at $3,000 billion for April 2023. May saw a jump to $3,355 billion. This refers to the volume of CFDs traded on the platform. A lot of credit can be seen waving to 515,099 active clients....
CMC Markets invests in StrikeX Technologies
12.6.2023
StrikeX Technologies has announced a partnership with CMC Markets. This comes to light after CMC Markets proceeds with its investment and strategic investment in the venture. Reportedly, CMC Markets has acquired a 33% stake and onboarded two executives to the side of their partners. While the stake...
Saxo Bank releases its figures for May 2023
8.6.2023
Forex volume was at its lowest in March 2023. Now there is a jump, per the report for May 2023. The figure stands at $130.5 billion at a recovery rate of 27%. Monthly volume was at a daily average of $5.7 billion, for a 12% gain. As impressive as it sounds, there is still some …
Tanzanian Central Bank Says Forex Restrictions Intended to ‘Safeguard the Stability of the Financial System’
3.6.2023
The Tanzanian central bank said on May 31 that foreign currency dealers are required to trade all transactions that exceed $1,000,000 within “interbank foreign exchange market prevailing quoted prices.” According to the Bank of Tanzania, the latest directives are intended...
May 2023 Report for Interactive Broker is out!
2.6.2023
Daily Average Revenue Traders, also known as DARTs, and client accounts are at the center for Interactive Broker in its May 2023 report. The American trading platform has revealed that there was a rise in DARTs in May 2023, with the number rising in the single digit of 5%. DARTs for May 2023...
Putin Wants Limit on Currency Purchases for Russians Dealing With Foreigners
24.5.2023
Russian citizens and firms doing business abroad may soon be restricted in the amount of foreign currency they are allowed to acquire, on order from Vladimir Putin. Russia’s head of state now wants his government to cap such purchases on the domestic forex market. President Putin Orders Russian...
Capital.com partners with Bruno Moltrasio & helps Italian Traders
23.5.2023
Capital.com has made a major advancement in the Italian market. The global fintech venture has announced a partnership with Bruno Moltrasio, the veteran trader and educator of the financial sector. Capital.com, with the partnership, is aiming to improve the understanding of Italian traders in...
FXPesa Academy is now in Kampala, Uganda
23.5.2023
FXPesa Academy, a part of Equiti Group, has announced setting up a financial institution in Uganda’s Kampala. Making it the first-ever financial education center in the country, the Academy is specifically located on Rumme Building’s 7th floor in Kampala. The focus will be on bringing quality...
Money Expo returns to Mexico with three key participants
22.5.2023
The Money Expo is all set to be held in Mexico’s Centro Citibanamex from May 24, 2023, to May 25, 2023. The Expo is one of its kind, for it brings together a community of financial advisors, investment experts, and traders. The ultimate goal is to keep everyone updated with the recent trends...