Abstract:The trading industry is filled with all kinds of different products, assets, investment vehicles, and alike. But, out of all of them, forex is by far the largest and most liquid. Forex, or foreign exchange, became even bigger during the COVID-19 pandemic which has now been ongoing for over a year and a half.
Brokers started seeing a large increase in demand for forex among individual traders, and they quickly jumped on the opportunity to grant them access to this asset class. This interest in forex surged all over the world, including African countries. In fact, the African capital markets have seen a major expansion since the last decade, partially due to the growing interest from retail investors, and partially due to the moderately steady economies.
South Africa and Kenya have seen the highest interest, judging by the retail trading volume measured over the last five years. Kenyas online forex trading market has particularly impressed, going up by an incredible 80%, which allowed one broker to cement its position and dominance in the country.
The broker in question is SuperForex, which actually offers a wide variety of trading instruments offered to customers. Users can make different portfolios, combining over 300 currency pairs, cryptocurrencies, stocks, stock indices, CFDs, options, futures, commodities, and alike.
The company has received multiple awards for its proficiency in running the brokerage, which allowed it to take up a leadingposition in the country. It also developed a mobile app that makes it easy for users to trade and invest on the go, with a full range of functionalities that will serve novices and professional investors and traders alike.
It allows users to make deposits and withdrawals using the M-Pesa payment system, and the account can be easily opened via the Kenyan shilling.
The U.S. Federal Reserve has made its first interest rate cut in over four years, lowering the benchmark rate by half a percentage point. This significant reduction, which exceeds the typical quarter-point adjustments, signals growing concerns within the central bank about its ability to maintain control over inflation.
In this article, we will conduct a comprehensive examination of Make Capital, delving into its key features, fees, safety measures, deposit and withdrawal options, trading platform, and customer service. WikiFX endeavours to provide you with the essential information required to make an informed decision about utilizing this platform.
Dalmore Group LLC has reached a settlement with the Financial Industry Regulatory Authority (FINRA), agreeing to pay a $375,000 fine for various compliance failures from January 2019 to December 2022.
This exposure aims to shed light on the fraudulent practices of NEWRGY IMEX, with a particular focus on the case of Ulises , a victim from Mexico who has shared his distressing experience.