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Showing posts with the label what is forex trading and how does it work

Crypto exchange OKEx to add support for Bitcoin's Lightning Network

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  Quick Take Crypto exchange OKEx is adding support for Bitcoin’s Lightning Network in the coming weeks. The move is aimed at enabling cheaper and faster bitcoin transactions for users. Cryptocurrency exchange OKEx is adding support for Bitcoin’s Lightning Network in the coming weeks. Revealing the news exclusively to The Block on Tuesday, OKEx said the move is aimed at enabling cheaper and faster transactions for users. Specifically, bitcoin deposits and withdrawals will get cheaper, said the exchange. The current average cost of one bitcoin transaction is about $11, and its average confirmation time is between 10–30 minutes. “This is impractical as more users join the network,” OKEx CEO Jay Hao told The Block. With Bitcoin’s Lightning Network, a Layer-2 scaling solution, the average cost will come down to “less than 0.01 cents,” and the average confirmation time will reduce to “1–3 seconds,” said Hao. That would be a huge benefit, but there are certain limitations of the Light...

Global Prime Review

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Global Prime , an Australian-based online trading provider, has revealed exclusively to  Finance Magnates  that it has partnered with BidFX in order to expand and centralise its interbank funding market. BidFX is an institutional foreign exchange solutions provider. Under the partnership announced today, Global Prime has selected BidFX’s solution to streamline direct access to tier-1 banks who make up the interbank market. This is done via the BidFX workflow architecture. According to the statement seen by  Finance Magnates,  the solution has reduced overnight funding rates (swaps) for the Australian firm’s retail and institutional clients by more than 50 per cent. The partnership has been driven by increasingly fragile liquidity in the funding markets, which has resulted in volatility in swap points. Because of this, both retail and institutional traders are having to deal with more expensive funding of overnight exposures. Under the agreement, through BidFX’s solut...

AvaTrade Review

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  AvaTrade   was founded in 2006 in Ireland. They still maintain a strong presence there but have since grown to become one of the top forex brokers in the sector offering services around the world. A low minimum deposit requirement of just $100 across most of the available account types, coupled with respected regulation from a number of bodies worldwide, make AvaTrade a popular choice for new and experienced traders alike. The broker offers an extensive range of assets to trade in which includes more than 60 currency pairs, and other markets for trading stocks, ETFs, crypto, and more. AvaTrade users can also avail of a very strong range of educational content with insightful material to fit all level of traders.  Pros Very well-regulated worldwide Excellent range of available markets include forex, CFDs, and cryptocurrency Wide range of top trading platforms available An extensive education section  Cons Demo account is limited to 21-days High inactivity fees Trust...

Binance Review

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  Binance was launched in 2017 by the now well-known developer Chanpeng Zhao. They ran a successful ICO at the time and raised funds to launch the exchange. Since that time, they have built their reputation as one of the most well-known and trusted exchanged in the sector. Based in Malta, Binance is now one of the most popular crypto exchange platforms for traders thanks to their reputation for transparency, excellent range of cryptocurrencies offered, and high level of competitiveness when it comes to exchange fees. Pros Very low trading fees Huge selection of altcoins available Great reputation for secure trading Crypto and fiat deposits accepted Cons High fiat minimum deposit Trading platform appears a little complex for new traders Trust ★★★★★ 4.6/5 Ensuring a high level of trust and transparency is vital to the success of any cryptocurrency exchange. This is something which Binance places a very high value on, and they have worked hard to create a trusted environment for trad...

Binomo trading platform review

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  The Dolphin Corp Company developed Binomo in 2014. The company has been consistent with delivering high-quality services to all its clients. Its headquarters is located on the First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent, and the Grenadines. You can access their services via the Binomo website (binomo.com), and its mobile app. What is Binomo in South Africa? Binomo is an international company that focuses on its clients and delivers one of the most reliable online trading services. The company has got thousands of traders from over 130 countries. Binomo is an international trading platform that is both legal and safe for trading in South Africa. You need to sign up, learn strategies, practice on a demo account, and start trading with Binomo on either the website or mobile app. Binomo is registered and regulated by the International Financial Commission. This implies that the company is subject to accountability and auditing to ensure the company...

Beginner’s Guide to AxiTrader Broker: Complete Review

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  AxiTrader prides itself on being founded by and for traders. As such, the platform understands the features traders want and aims to deliver them. AxiTrader gives clients access to MetaTrader 4, which is perfect for trading indices, commodities, and forex. Execution is always fast with tight spreads. The broker is also well regulated for added peace of mind. AxiTrader was founded in 2007. The idea at the time was to serve as a broker that the team would want to trade with. Over the years, AxiTrader has grown and is now among the leading forex brokers . The London branch opened in 2012. It launched operations in China in 2015. In 2016, AxiTrader introduced over 30 new trading symbols, which included exotic crosses. That year also saw expansion into the Middle East, Germany, and Latin America. In 2018, AxiTrader introduced five new cryptocurrency CFDs. That same year also saw back-office operations begin in Cyprus, the Philippines, and Singapore. In addition, there was the opening...