Broker Updates on Apr. 12-18

Vietnam

Trading Volume

1. IC Markets trading volume in the first quarter of 2021 surged with $ 2.84 trillion, setting a record, of which the March 2021 single transaction volume on the platform was 1.04 thousand billion dollars.

The growth in March in monthly trading volume set a record as the numbers were even higher than in March 2020 when the market was under volatility due to Covid.

New Record

2. Exness reported a record monthly trading volume in March at $ 930.6 billion.

Total volume for March was significantly higher than the previous month, with an increase of nearly 39% amid a trading industry struggling with market volatility due to Covid.

Broker Acquisition

3. ABK Holding JSC, which operates several brands in the trade industry, is in the process of acquiring Cresco Capital Markets (UK) Ltd, known as the trade name CrescoFX, based in London.

ABK co-founders, Murat Kutay Yildirim and Gokalp Icer have agreed to the terms and conditions of the acquisition agreement, which are currently awaiting UK FCA's approval. However, the companies above did not disclose information about the specific financial value of this deal.

Increased Trading Volume

4. The Saxo Bank has released its trading statistics for March, showing that the demand for trading Forex (Forex) and stocks has increased significantly.

Total monthly transaction volume has increased by more than 30% from $ 302.4 billion to $ 393.4 billion. In March, the total forex trading volume was $ 170.5 billion. A massive 42% gain from February at $ 119.8 billion. Average daily Forex trading volume also increased to $ 7.4 billion from the previous month to $ 6 billion, solid monthly increase of 23.3%.

Indonesia

Mass Fraud

5. The TGX Markets broker has carried out manipulation and fraud against dozens of customers in Indonesia. The number is not half-hearted, reaching a total of hundreds of millions.

Currently, TGX Markerts has received a lot of fraud reports by embezzling customer funds in Indonesia. No half-hearted, the total of this value reaches hundreds of millions of rupiah, even has the potential to continue to increase. Their mode is to cancel customer withdrawals, make customer balances empty and block customer accounts unilaterally.

Thailand

Forex Scam

6. According to the DSI investigated In the event of being persuaded to invest in Forex trading through the website www.avamember.com Which is conditional that the investment can be withdrawn at the end of 2 years, the profit will be withdrawn when the profit reaches 200 US dollars, which later the petitioner. Can not withdraw such money. Therefore requesting the injured person from joint investment to inform information about the case And answer online questionnaires It is expected that many investors have been deceived.

Moreover, on the WikiFX platform, there have been many investors from Thailand complaining that they are unable to withdraw their funds.

Japan

Transaction Data

7. Over-The-Counter Retail FX Margin Trading / Regarding Required Amount for Separate Management (Deposit Amount Information)