VW launches $5.8bn partnership with Tesla rival Rivian
The firms will share EV technology as they face slowing demand and competition from Chinese rivals.
SC Malaysia Warns Against InstaForex & InstaTrade
The Securities Commission Malaysia (SC) has issued a warning to investors regarding two unregistered entities, InstaForex and InstaTrade. This alert is part of the SC's ongoing efforts to protect investors from unauthorized investment schemes and ensure compliance with Malaysian securities laws.
Malaysian Trader Loses Over RM1.6 Million in Investment Scam via WeChat
A 56-year-old trader from Gombak, Malaysia, recently lost more than RM1.6 million in a sophisticated online investment scam orchestrated through the popular messaging application, WeChat.
Former Alameda Executives Hand Over Assets in FTX Creditor Recovery Effort
Amid ongoing efforts to recover assets for creditors of the defunct crypto exchange FTX, Sam Trabucco, former co-CEO of Alameda Research, has agreed to forfeit high-value assets, including two San Francisco properties and a yacht. According to a court filing dated 3 November, the combined value of these assets reaches approximately $11.2 million — with the properties estimated at $8.7 million and the 53-foot yacht at $2.5 million.
Prop Trading vs. Algo Trading: How They Shape Modern Markets
This article will provide an overview of these two strategies, examining what sets them apart and why each has its place in today’s markets.
FCA Fines Metro Bank £16.7 Million for Lapses in Anti-Money Laundering Controls
The Financial Conduct Authority (FCA) has imposed a £16,675,200 fine on Metro Bank PLC due to critical shortcomings in its financial crime prevention systems. Between June 2016 and December 2020, Metro Bank’s inadequate transaction monitoring controls left more than 60 million transactions, valued at over £51 billion, exposed to potential money laundering risks.
Tradeweb and TSE Partnership Enhances Access to Japanese ETFs
Tradeweb and Tokyo Stock Exchange partner to improve ETF liquidity for global investors, offering streamlined access and competitive trading in Japan’s ETF market.
ATFX Connect Partners with Your Bourse for Enhanced Broker Liquidity
ATFX Connect collaborates with Your Bourse to boost broker liquidity options, offering tailored solutions, advanced tools, and real-time reporting capabilities.
Beware of Deepfake 'Experts' and Fake Apps: Protecting Yourself from Trading Scams
In recent years, the rise of deepfake technology and sophisticated online exploitation tactics have led to a dangerous surge in share-trading frauds. Cybercriminals have evolved their methods to deceive even the most cautious investors, making it increasingly challenging for individuals to discern genuine opportunities from scams.
Philippine Peso Set for Year-End Boost from Seasonal Remittances
The Philippine peso anticipates a year-end recovery driven by strong remittances, lower oil prices, and easing dollar strength amid the holiday season.
CySEC Warns against Public Review Websites
Do you also rely on feedback coming from public review websites ? If so, you should pay attention to it. The Cyprus Securities and Exchange Commission ("CySEC") warned about such websites and made individuals aware of fake and deceptive posts on public review sites like TrustPilot.com and Google Business.
Bitget Wallet and Foresight Ventures Launch $20M Fund for Telegram Mini Apps
Bitget Wallet and Foresight Ventures unveil a $20M fund to fuel Telegram Mini Apps, aiming to boost innovation and support developers in the TON ecosystem.
ATFX Expands LATAM Presence with New Mexico Office
ATFX opens its new office in Mexico, enhancing its commitment to Latin America's growing trading market with innovative financial solutions for local traders.
FXGT.com Introduces Two Trading Tools
FXGT.com, a regulated broker, has launched two new trading tools, the FXGT App and the FXGT.com Trader platform, to enhance users' trading experience. These trading tools are meant for traders who need flexibility and quality wherever they are. The FXGT App is available on iOS and Android.
What Happens if A Broker Goes Bust?
For traders, understanding what happens when a broker collapses is crucial. It serves as a reminder that choosing the right broker involves more than just attractive spreads and swift execution; it’s about safeguarding funds in case things go wrong.
Is WesternFX a Reliable Broker?
WesternFX, an international forex trading firm established in 2013, operates out of Saint Vincent and the Grenadines. With a diverse range of trading products such as Forex, CFDs, Shares, Indices, Metals, Energies, and more, WesternFX presents itself as an attractive choice for traders. However, as with any trading platform, reliability and safety are critical factors for potential users. In this review, we’ll explore whether WesternFX is a reliable broker.
InstaForex Lucky Trader Contest
The LUCKY TRADER CONTEST is calling you out! InstaForex has introduced a Lucky Trader Contest for users. Attention! Don't miss this chance to win a prize of $6,000!
Webull Thailand Launches US Stock Options, Pioneering in Local Market
Webull Thailand debuts US stock options, offering Thai investors new avenues for portfolio diversification and risk management with zero commissions for the first month.
Hedge Funds Shorting Tesla as Elon Musk and Donald Trump Forge Alliance
Since Donald Trump’s election victory, hedge funds that maintained short positions on Tesla Inc. have incurred staggering losses, exceeding $5 billion on paper. This setback comes as Elon Musk, the Tesla CEO and the world’s richest person, publicly endorses Trump, aligning himself as one of the president-elect's most prominent billionaire supporters.
Beware of Fake CySEC Representatives
The Cyprus Securities and Exchange Commission (CySEC) has issued a warning regarding deceptive practices on public review websites, including TrustPilot and Google Business, where users have reported fraudulent activity. CySEC revealed that certain individuals are impersonating CySEC officers or representatives, contacting investors and demanding fees in exchange for facilitating the recovery of investment losses tied to CySEC-regulated firms.