FXCM Group, LLC today announced that it has expanded its cryptocurrency offering with the addition of Bitcoin Cash (BCH/USD) and Ripple (XRP/USD). After successfully launching crypto CFDs in 2018, FXCM has seen its retail clients continue to add cryptocurrencies to their portfolios. Having launched three other cryptocurrencies (Bitcoin, Ethereum, Litecoin) in the past 12 months, this marks the latest stage of growth for FXCM’s cryptocurrency offering. Brendan Callan, CEO of FXCM Group, commented: Having successfully launched three different cryptocurrencies in the past 12 months, our clients are asking us to improve the range of crypto CFDs they can access. The addition of Bitcoin Cash and Ripple marks the latest stage of growth for FXCM’s burgeoning cryptocurrency offering and is in direct response to increased demand from our clients. Micronized CFD contracts allow FXCM traders to place trades in fractions, which lowers the minimum margin required to enter a position. In addition, profits are credited to a trader’s account instantly, rather than held in a crypto wallet or cold storage.
BDSwiss, is pleased to announce that it has successfully launched the latest version of MetaTrader 5 (MT5). After rigorous testing, BDSwiss has made the world’s most advanced MetaTrader platform, the MT5 available to its 1M+ client base. BDSwiss MT5 works seamlessly with all existing operating systems to provide a superior and unmatched trading environment to BDSwiss clients. The BDSwiss MT5 offers all the pioneering features of its predecessor MT4, with the addition of more advanced trading tools and indicators that enable traders to maintain more control of their trades and make better-informed decisions using cutting-edge analysis tools. Designed to improve trading experience and optimise performance, the BDSwiss MT5 features faster processing times, hedging flexibility, advanced pending orders, more charting tools, as well as a greater number of in-built technical indicators and analytical tools to help estimate future price direction. Using direct exchange connectivity, the BDSwiss MT5 allows for faster execution speeds which combined with BDSwiss’ competitive trading conditions and ultra-thin spreads, comprise a truly unique offering. The BDSwiss MT5 trading platform can be installed and used seamlessly on computers that run Windows, Mac OS and the mobile platform versions available for Android and iOS on smartphones and tablets. At the current launch phase, the BDSwiss MT5 includes more than 250 CFD instruments, with promises for the addition of more underlying instruments in the near future. Markos Solomou, COO at BDSwiss Holding PLC, commented on the recent launch: The introduction of MetaTrader 5 not only allows us to provide the latest trading advancements and technology to our clients, but also keeps the door open for offering an even greater number of financial instruments. Focusing on speed, analysis and reliability, MetaQuotes’ fifth generation platform provides superior and unmatched trading environment to BDSwiss clients. MetaTrader 5 enables our traders to maintain an advanced control of their trades and make better informed decisions using cutting edge analysis tools.
eToro, trading and investment platform announced plans to purchase Blockchain firm Firmo, a Copenhagen-based blockchain firm. eToro, with this acquisition aims to grow tokenised financial assets on its platform. To facilitate that growth, the Israel-based company is specifically interested in bringing on Firmo's research and development team. “This acquisition,” eToro CEO Yoni Assia told Bloomberg, “will help boost our growth in the future tokenized economy. We aim to be active players in blockchain consolidation.” And eToro may be ahead of the curve on this one– according to Bloomberg, tokenised assets will play a huge role in 2019 as investors seek to convert assets such as property and stocks into tradable digital assets. Firmo offers a language called FirmoLang. Interestingly enough, the programming language runs on a separate, sidechain. By using the language, exchanges ca actually create financial instruments with tokens. The advantage for the user is that these tokens can be used on any type of blockchain, not just one particular.
JFD Group has announced that is has combines its retail and istitutional services under the brand JFD Bank, making the website www.JFDBANK.com its new online hub for all current and future services offered by the FinTech group. On their website a new section has been included with the range of all institutional services with Prime Brokerage & Liquidity, Designated Sponsoring, Institutional Sales Trading, Capital Markets & Investment Banking and more, turning ourselves into the financial partner you need for your trading, investing and financial needs. The website JFDBANK.com features a new section with all the institutional services offered by the company. Launching JFD Bank has been a challenging task and a tremendous success for us. It marks the end of a long, very complicated and sometimes frustrating process of acquiring a regulated German investment bank and getting all the necessary approvals,” shares Lars Gottwik, founder and CEO of JFD. “However, for us this is also the beginning of a new, even more exciting part of our journey. JFD is on a mission to set new standards in the trading, investing and banking world, and JFDBANK.com is just the beginning
Dukascopy today revealed that it had initiated the live trading of 3 additional soft commodities (cotton, coffee, and orange juice), which it had promised on 26 February 2019. The complete list of the soft commodities currently available to Dukascopy clients is: Cotton (COTTON.CMD/USX) Coffee (COFFEE.CMD/USX) Orange Juice (OJUICE.CMD/USX) Sugar (SUGAR.CMD/USD) Cocoa (COCOA.CMD/USD) The maximum leverage that Dukascopy Bank allows for the newly added commodities is 1:30. However, the European clients are limited to a maximum leverage of 1:10. Dukascopy is constantly increasing the number of instruments available for trading in line with client requests. Dukascopy also recently launched the Dukascoin website as well as the actual Dukascoin.
From March 1st to May 31st 2019, conditions for trading Indices will be very much improved. Within the framework of the promotion, spreads for trading DE30 are significantly reduced as well as the commission for all other Indices available for trading to RoboMarkets clients. For DE30 Index, spreads will be decreased from current values of 1.8 – 2.0 to 0.7 pips on MT4/5-based Pro-Standard accounts. On ECN-Pro and Prime accounts, this instrument will be available for trading with the spread of 0.5 pips. For all other Indices, the commission will be reduced during the period of the promotion. On ECN-Pro accounts, the commission for the trading volume of 1 million USD will be 5 USD instead of 50 USD; on Prime accounts – 4 USD instead of 35 USD.
The international broker has expanded its exchange trading offering. Traders can invest in securities of global corporations, such as Allianz, BMW, Bayer, Siemens, Heineken and Royal Dutch Shell. This addition to the previously available portfolio of US stocks, brings the total number of physical stocks available to JFD clients via MetaTrader 5. Furthermore, the broker is planning to significantly expand and diversify the investment portfolio by the end of the year. Mr Lars Gottwik, founder and CEO of JFD Brokers, comments: "Adding Dutch stocks to our product portfolio is part of our long-term vision to provide the most relevant trading and investing opportunities for our clients. Together with German stocks, which we started offering in 2018, JFD's customized MetaTrader 5+ solution is shaping up as a unique combination of top-notch technology and popular investment instruments." Founded in 2011, JFD Brokers is one of the fastest growing brokerage companies, with presence in more than 60 countries across 5 continents. This global presence was achieved in less than five years. The company operates in accordance with the MiFID requirements, is regulated by CySEC and is a member of the Investor Compensation Fund (ICF).
eToro, the global, multi-asset, investment platform with over ten million registered users, has today added ZCash (ZEC) to its product range. This brings the total number of cryptoassets available on eToro to 14. The platfrom includes Bitcoin, Ethereum, Bitcoin Cash, XRP, Litecoin, Ethereum Classic, Dash, Stellar, NEO, EOS, Cardano, IOTA, and BNB. ZCash transactions can be ‘transparent’, in which case the network operates much like Bitcoin, or they can be ‘shielded’, meaning sender, recipient and payment values are not published on a public blockchain. This structure allows for payment audits to be completed, but only at the user’s discretion. Yoni Assia, Co-founder and CEO at eToro commented: “The way in which we transfer money from person to person, or company to company is constantly evolving. It is not surprising that others have taken on some of the core ideas behind Bitcoin and developed new payment networks with additional features – in the case of Zcash – privacy. We are excited to offer ZEC to eToro investors as they seek to diversify their cryptoasset holdings.”
FXCM, a leading international provider of online foreign exchange trading, CFD trading, cryptocurrency and related services, today announced that FXCM Pro, the institutional arm of the business, has strengthened its partnership with Gold-i, offering its clients access to its FX, CFD and cryptocurrency liquidity through Gold-i Matrix Net. Matrix Net enables Prime of Prime brokers and Liquidity Providers to distribute liquidity to brokers who use Gold-i’s Matrix, MT4 Bridge and MT5 Gateway products. It leverages Gold-i’s large client NETwork of brokers worldwide. The additional liquidity distribution channel for FXCM Pro will help the firm to drive further growth and reach brokers who may otherwise not be able to access their multi-asset liquidity. Mario Sanchez, Managing Director, FXCM Pro comments, “FXCM is delighted to expand its relationship with Gold-i and integrate FXCM Pro pricing within Gold-i’s Matrix Net. This technology is extremely popular amongst our institutional client base and it was a natural fit. As a globally recognised Liquidity Provider, the FXCM Pro team is confident that Gold-i’s cutting-edge system will complement our extremely competitive spreads to provide FXCM Pro’s institutional clients with a top-notch trading experience.” Tom Higgins, CEO, Gold-i adds, “As Matrix Net continues to gain momentum, we are delighted to add further value to our clients by offering them access to FXCM Pro’s multi-asset liquidity. FXCM is a highly respected firm with a high quality liquidity offering. They are a great addition to our NETwork.”
Forex Brokers Saxo Bank has just announced an agreement with BinckBank a Dutch Online brokerage. BinckBank and Saxo Bank have reached a conditional agreement on a recommended all-cash public offer of EUR 6.35 (cum dividend) per issued and outstanding ordinary share and priority share of BinckBank representing a total consideration of EUR 424 million. The offer price represents a premium of 35% over the closing price of 14 December 2018, and a premium of respectively 42%, 43% and 38% over the average volume weighted price per share over the last one, two and three calendar months, delivering immediate, certain and significant value to BinckBank shareholders Transaction unanimously supported and recommended by BinckBank’s executive board and supervisory board Saxo Bank has committed financing in place and will fund the transaction via a combination of equity injections by its shareholders and cash at hand The parties have agreed to certain non-financial covenants for BinckBank stakeholders for a period of three years Draft offer memorandum will be submitted to the AFM no later than end of Q1 2019 It is anticipated that the offer will close in Q3 2019 Kim Fournais, CEO and founder of Saxo Bank: “Combining BinckBank with Saxo Bank is a true win-win for all parties. Clients will get better products, prices, platforms and services, employees will benefit from enhanced career opportunities and, importantly, we will gain the necessary scale to further step up investments in technology and in our people. As the investment and trading industry matures and faces new regulation as well as rising expectations for digital client experience, scale, technology and multi-asset capabilities become increasingly key to long-term success. We have a strong cultural fit with BinckBank based on a shared vision and purpose to democratise investment and empower everyone to take control of their financial destiny. Our two companies complement each other well in terms of geographical footprint, brand, client segments, product suite and not least in the talented employees of both companies.” Vincent Germyns, chairman of the BinckBank executive board: “Since the origins of BinckBank in 2000, we have managed to build a strong position. We have become market leader in the Netherlands and Belgium and are strong challengers in France and Italy. We are confident that by combining BinckBank with Saxo Bank, we will be able to further strengthen our offering and growth in these markets. As such, it is important to note that Saxo Bank shares both BinckBank’s vision and mind-set focused on giving investors access to financial markets through technology and innovative solutions. Therefore, the combination of BinckBank and Saxo Bank is a natural fit and secures the future growth of BinckBank within a bigger and stronger organization and provides our customers with an even broader range of innovative products and services in the area of trading and investing. Merging both companies will help realize important economies of scale. On a term of two to three years, this will of course have consequences for staff. As far as possible these consequences will be met through natural staff turnover. In case of redundancies, a good severance scheme will apply. The executive board, supervisory board and works council support this severance scheme unanimously.” John van der Steen, chairman of the BinckBank supervisory board: “Talks with Saxo Bank have given us much trust in the combined future. BinckBank and Saxo Bank are quite similar companies with shared passions, ambitions and values. A combined future will strengthen our position in the European market and increases our added value to our customers. The Boards believe this transaction puts BinckBank in a stronger position going forward. The proposed transaction is the result of extensive negotiations between BinckBank and Saxo Bank over a period of several months and a shared vision for the combination going forward. The combination of a very attractive cash price, deal certainty, and strong protection of stakeholder interests through the non-financial covenants leads the boards to unanimously recommend this transaction.” Source: Saxo Bank
eToro, global investment platform, has announced that it has joined the Blockchain Association as an executive member. The compnay will help the Association to build more efficient financial systems and decentralized web applications by working alongised with other prominent organization in the blockchain system such as Coinbase, Circle, Digital Currency Group, and Polychain. Guy Hirsch, USA Managing Director, eToro, said: “As a company, we prioritize compliance with the regulations of all the jurisdictions we operate in around the world. As the United States’ blockchain industry evolves and matures, regulators and the industry need to prioritize conversations around ensuring consumers are informed and protected from bad actors. We are looking forward to collaborating with regulators and major industry players on how to provide guardrails without hindering innovation so that blockchain companies can flourish in a compliant manner. The Blockchain Association promotes policies that balance consumer protection and innovation and we’re proud to help drive its mission forward.” Kristin Smith, Director of External Affairs, Blockchain Association, said: “The power of open blockchain technology lies in the control it returns to individual consumers. eToro’s groundbreaking investment platform operates in that spirit, giving users the opportunity to trade across multiple asset classes, including cryptocurrencies, safely and securely. We’re excited to add eToro to a growing group of leading companies as we push for informed and responsive regulation that spurs innovation and protects consumers in this rapidly-developing industry.” eToro announced in May 2018 that it would expand into the US market with a cryptoasset investment platform for U.S. investors, set to launch in Q1 2019. Upon launch in Q1, eToro’s crypto platform will be available in multiple states across the region. Ahead of the launch, users can experience the interface and practice mock cryptoasset trading via the virtual portfolio feature.
Trading platform eToro announced the released of its own cryptocurrency wallet with initial support for four cryptoassets. Etoro, last month. became the first platform to offer fiat trading of cryptocurrency exchange Binance's in house Binance Coin, promises to add additional functionality to the product following the initial release. “The eToro wallet today is just the beginning and we will adding a whole host of additional functionality which will include supporting additional crypto and fiat tokens, crypto to crypto conversion, the ability to deposit fiat, payment in store and more,” CEO Yoni Assia commented in the press release. The wallet will at first provide support for Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH) and Litecoin (LTC). Initially, the ability to transfer crypto from eToro to the wallet will be available to Platinum Club*** members for Bitcoin. This will gradually be extended to more users and a greater number of crypto assets. Etoro, currently supports fourteen total crypto currencies on its platform.
The Securities and Exchange Commission today announced that it has voted to adopt amendments to modernize the property disclosure requirements for mining registrants, and related guidance, under the Securities Act of 1933 and the Securities Exchange Act of 1934. The amendments will provide investors with a more comprehensive understanding of a registrant’s mining properties, which should help them make more informed investment decisions. The amendments also will more closely align the Commission’s disclosure requirements and policies for mining properties with current industry and global regulatory practices and standards. Under the final rules, a registrant with material mining operations must disclose specified information in its Securities Act and Exchange Act filings concerning its mineral resources, in addition to its mineral reserves. Current Commission rules and guidance permit the disclosure of non-reserve estimates only in limited circumstances. Requiring the disclosure of mineral resources in addition to mineral reserves will provide investors with important information concerning the registrant’s operations and prospects. “The final rules will modernize the Commission’s mining property disclosure regime by improving the quality and reliability of information provided to investors and by harmonizing disclosures with international standards, including removing the restriction on disclosure of mineral resource estimates that may have placed U.S. registrants and investors at a disadvantage,” said SEC Chairman Jay Clayton. “We appreciate the valuable input that we have received from a diverse group of interested parties that helped inform the Commission and shape the final rules.” The final rules include several other requirements designed to further the protection and understanding of investors. The final rules also reflect a number of changes to the rules proposed in June 2016 in response to commenters. The final rules provide a two-year transition period so that a registrant will not be required to begin to comply with the new rules until its first fiscal year beginning on or after Jan. 1, 2021. Source
Alpari Forex Broker announce that a new deposit method is now available on its website: Zcash Alpari will not be charging a commission for these deposits, although there may be commission fees charged by the Zcash network. To make a payment, clients need to complete the form in myAlpari, log in, and confirm the payment in their Zcash wallet. The minimum deposit amount is 0.05 ZEC, and funds will be credited to clients account as soon as a transaction receives 6 confirmations on the Zcash network. Source: "Alpari's offering a new deposit method: Zcash"
UK online FX, CFDs and spreadbetting broker CMC Marketc PLC has just announced that it has expanded its cryptocurrency spread betting and contacts for difference (CFDS). Now it includes three additional coins bitcoin cash, litecoin and ripple. Clients can now take a positon on the three altcoins paires against US dollar. The move follows CMC Markets’ extension of its cryptocurrency offering from professional to retail clients in July. At launch, the platform offered bitcoin and ethereum. At launch, the platform offered bitcoin and ethereum. David Fineberg, Group Commercial Director, said: Since the successful launch of our cryptocurrency offering in March, and subsequent extension to retail clients in July, our clients have expressed interest in extending their trading options beyond bitcoin and ethereum. We are pleased to offer them the chance to take a position on bitcoin cash, litecoin and ripple, three altcoins which continue to generate much speculation among traders. Spread bets and CFDs offer a way to trade on cryptocurrencies as clients can take a position on market movements without owning the asset. By trading with an established provider, funds can be deposited and withdrawn with ease, avoiding the risks of purchasing cryptocurrencies directly through an exchange. However, like all other financial instruments we offer, we always recommend clients understand the risks and conduct thorough research before trading.
eToro becomes first platform to list Binance Coin (BNB) for trading, taking the total number of crypto assets listed on the platform to 13 digital assets. According to its press release, eToro becomes the first investment platform to list BNB outside the Binance, and it now offers its investors the ability to trade in both utility and security tokens on the platform. Changpeng Zhao, Founder, and CEO of Binance said the listing of the BNB on eToro opens the token to a new market. We are honoured and excited to be listed on eToro. With this addition, the Binance coin can reach millions more people, many of whom are more accustomed to the traditional financial industry. As an utility token, we believe in creating long term utility and value. We will continue to do so together with eToro. Like all other cryptoassets, investors choosing BNB on eToro own the real underlying asset, with eToro acting as custodian. Yoni Assia, Co-founder and CEO at eToro commented: Despite sensational headlines about the death of crypto, we continue to believe in the potential for crypto assets, as do our clients who are increasingly looking to diversify their crypto holdings. In response we will continue to add the leading crypto assets to our range and we are pleased to add BNB to the platform. As a regulated securities broker we have the ability to offer both utility and security tokens on our platform. We support the movement of assets onto the blockchain and the tokenisation of securities. In fact, we believe that in the future we will see the greatest transfer of wealth ever, onto the blockchain. Trading BNB BNB, now available on the eToro platform, is suitable for a wide variety of traders with differing agendas. Long-term traders can benefit from the absence of overnight fees and maintain a hold position on BNB, predicting a rise in its popularity and value. Day traders can anticipate the potential for volatility that often provides the opportunity for short-term gain. Over the last several years, cryptocurrencies have a track record of being extremely volatile.Those new to cryptocurrency trading may wish to consider BNB as a viable option. It is considered more stable than the majority of other cryptocurrencies, as it is backed by a single exchange with a public address. Conversely, nobody knows the identity of the person who invented Bitcoin, despite its decade-long existence.
Porsche, will increase in its investments in startups with a focus on Blockchain and Artificial Intelligence (AI) by around $176 million over the next 5 years, according to a company press release published September 25. According to the press release, the automobile company says that the objective of this Investment is to gain access to trends, new technologies and business models. Specifically, will invest in companies that are in an early stage or growth stage that relate to "customer experience, mobility and digital lifestyle" as well as future technologies including blockchain, AI, and virtual and augmented reality. Meschke, deputy chairman and member of the executive board for finance and IT at Porsche AG, says that in order to continue bulding on the success that they have enjoyed over the past few years, they must fundamentally change their business model. “To continue building on the success that we have enjoyed over the past few years, we must fundamentally change our business model. Porsche has always been among the pioneers of the automotive industry. To date, innovation has been driven to a large degree by technology and with strong links to our current core competencies. The idea of implementing blockchain in the development of its vehicles is not new to Porsche, as they have been exploring the field with XAIN, a German startup that specializes in blockchain technologies for the mobility sector.
With 30 successful years of experience in the financial markets, Windsor Brokers continues its growth and expansion, this time focusing on the Middle East. The Jordan Securities Commission (JSC) has recently granted a new license to Windsor Brokers under Seldon Investments Ltd. Thanks to our new license and the office in Amman that will open in a couple of months, we will be strengthening our ties and boosting our activities to cater to the needs of investors from Jordan as well as from the Middle East region with a more local approach. CEO of Windsor Brokers Johny Abuaitah said “Jordan is part of our global growth strategy, adding value to our credibility, to our professionalism and high-end businesses practices. Our office in Jordan aims to provide clients of the Middle East with a 24/5 Arabic customer support and quality services as this region has always represented an important part of our client base”.
The government of Bahamas has announced the development of a native cryptocurrency. This is according to Deputy Prime Minister and Minister of Finance, K Peter Turnquest who made the announced earlier this week during The Bahamas Blockhain and Cryptocurrency Conference. “The production of a modern fully digital payment service is the way forward for this era of governance. A digital Bahamian currency is especially important for the many family islands as they have seen many commercial banks downsize and pull out of their communities, leaving them without banking services. As an island nation, where transportation can be an inconvenience for many, especially the elderly, and costly, we must offer financial services digitally and securely,” said the deputy prime minister who added that he hopes the island of Grand Bahama will become the digital paradise of the region. The island is known for its tax heaven status and the reason that businesses from around the world that are based in The Bahamas are mostly for its policy of ensuring shareholder privacy and relaxing any tax requirements on foreign-earned income. Any business who want to make an advantage of tax incentives could establish itself as internal business company (IBC) on the island, which exempts it from all taxes for the next 20 years. After this period, the company is liable for taxes only on income it makes on any of the islands, as well as stamp and estate taxes. When coming to government just over one year ago, the deputy prime minister said he wanted the country to have used a blockchain type of technology so as to be more efficient and root out corruption in the government system. "Using technology and single points of contact we're able to eliminate a lot of the human element that facilitates corruption, and so when we talk about applying for government services, if we have a single portal for entry and all of the processing being done behind the scenes, either through electronic data interchange or through human facilitation we can eliminate that point where, we Bahamians call it, you have to tip somebody in order to get service.” This system will not only be more efficient, but reduce the cost of doing business in The Bahamas.
Windsor Brokers rolls out cryptocurrency trading by adding bitcoin to their range of trading instruments. Windsor's clients, can trade the popular Bitcoin CFD (XBTUSD) on the Windsor MetaTrader 4, with zero commissions and zero fees. Jabra Serieh, Director of Sales and Marketing, commented: The addition of Bitcoin comes in response to the growing popularity of cryptocurrencies, and as part of our continuous commitment to provide our clients with new products. Whilst more traditional instruments like Forex and commodities continue to be a popular choice for traders, we believe that Bitcoin will have an important role to play in the future of trading. Windsor Brokers hopes to introduce more Cryptos throughout the year as the invention of Bitcoin has certainly changed the fintech and trading landscapes forever. Learn more here.