04/21 Market report
Dow Jones / Euro / Gold / Crude Oil
WikiFX report: SOUTH AFRICA’S IBS CAN BREATHE EASY AS JP MARKETS FINALLY BITES THE DUST
JP Markets, which was unlicensed and had a poor reputation among introducing brokers in South Africa, has been forced into administration by the authorities, and had its bank accounts frozen.
WikiFX report: A (temporary) positive ‘spread’ for JP Markets as SCA dismisses liquidation order
The Supreme Court of Appeal (SCA) judgment of JP Markets v FSCA [2021] ZASCA 148 is the latest precedent dealing with state institutions’ attempts to wind-up private companies on just and equitable grounds.
WikiFX report: South African Apex Court Favors JP Markets, Overturns Liquidation Order
Now, the broker might claim damages from the regulator.
WikiFX report: What JP Markets’ exoneration means for the forex trading industry
Just in time for Halloween, JP Markets — until recently the most vilified forex broker in South Africa — has risen from its grave. Its once boastful slayer, the Financial Sector Conduct Authority, has been left helpless and shame-faced.
WikiFX report: AMG Announces Investment in Abacus Capital Group
Affiliated Managers Group, Inc. (“AMG”), a leading partner to independent active investment management firms globally, has announced that it has entered into a definitive agreement to acquire a majority equity interest in Abacus Capital Group LLC, an independent privately owned real estate investment manager focused on the U.S. multifamily sector. Hodes Weill Securities, LCC acted as financial advisor to AMG.
How to Start a Forex IB Business: 5 Things to Learn
Starting a Forex IB business can significantly impact your financial well-being as well as the livelihood of those you influence. Smart individuals who want to earn an alternate source of income know there’s always one way of taking things to the next level. If you’re an expert in offering value-added services to your buddy network, a Forex IB role can be a great fit for you!
WikiFX report: 3 tips to boost your commodities trading skills
Hard commodities include metals such as gold, silver, etc. and energy resources such as oil and gas. Soft commodities include livestock or meat - cattle and other domestic animals, and agricultural produce - wheat, corn, etc. Commodities are also used for trading. The commodity market is a highly volatile market because it’s not only influenced by supply and demand but by other factors such as liquidity, natural disasters, and international politics. The risk-return ratio from this volatility makes it more attractive to traders than other financial markets.
WikiFX report: Technical Analysis
Technical analysis is especially important in trading Forex to be able to forecast movements of the market, given its high volatility.
WikiFX report: Fundamental Analysis
Fundamental analysis is a way of looking at the forex market by analyzing economic, social, and political forces that may affect currency prices. Both Forex and CFD traders must understand the difference between fundamental analysis and technical analysis. Traders are always arguing over which school is best. This piece will look at the basics of Forex / CFD fundamental analysis and how to use this form of market analysis.
WikiFX report: Coming Up: XM Seminars in Latin America
XM, an online broker whose parent company is Trading Point Holding, a global CFD and FX broker founded in 2009, the broker holds several seminars in different cities to enlighten traders and public in the past, and also recently the broker are pleased to announce their upcoming seminar series in various Latin American locations over the next two months.
WikiFX report: South Africa’s IFX Brokers Spell Trust & Commitment through Transparent Trading
The main qualities that a client looks for in a broker or a trading firm are commitment, transparency and trust. It is, therefore, heartening to learn that IFX Brokers, a South-Africa based online trading broker system, was founded on these values. The company has come to represent all this and more for its clients the world over.
WikiFX report: Nigerian Broker Kwakol Markets to Participate at the iFX EXPO Dubai 2022
Kwakol Markets takes pride in its young, dynamic and highly qualified leadership team.
WikiFX report: eXcentral Upgrades Customer Services, Now Offers 24/7 Support
Due to increased demand for the brand's services, major online trading firm eXcentral has announced that its support team will now be available 24 hours a day, seven days a week, starting immediately. With this move, the company continues to pursue its goal of being a leader in the industry on a variety of fronts.
04/20 Market report
Dow Jones / EUR / Gold / Crude Oil
WikiFX report: Global GT upscales FX asset class with new exotic pairs
Global GT adds FX exotic pairs to its expansive range of products
WikiFX report: Legae Peresec selects Standard Bank for custody services
South African broker Legae Peresec has selected Standard Bank to provide domestic custody and derivatives clearing business services.
WikiFX report: Legae Peresec becomes largest broker on JSE
Legae Peresec, South Africa's largest securities trading firm, was formed by the merger of Peregrine Securities and Legae Securities, the country's oldest black stockbroker.
WikiFX report: CFTC Wins Lawsuit Against Forex Broker JAFX
The United states Commodity Futures Trading Commission has secured an order of permanent injunction order against an unregistered broker - JAFX.
WikiFX report: UNREGISTERED FOREX BROKER JAFX AGREES TO PAY $600,000 TO SETTLE CFTC CHARGES
The CFTC's counsel and JAFX's counsel have been in good faith conversations about a negotiated resolution of the problems stated in the Commission's complaint.