Broker Updates During July 5-11

Vietnam

CJ Partnership

1. Commission Junction (CJ) is one of the largest affiliate marketing networks. Blackbull Markets, a New Zealand-based multi-asset brokerage, has announced that it has partnered with CJ. According to an official announcement, BlackBull is planning to raise awareness about the key benefits of trading on its platform through its latest partnership.

BrokerAward

2. MFM Securities is honored to win the Best New Broker in Southeast Asia in 2021 awarded by Global Banking & Finance Review. The prestigious award recognized from a leading prestigious magazine in the world is a testament to the efforts that MFM Securities has achieved in the past year 2020 as well as the first quarter of 2021 through its trading services.

New Credit Center

3. Monex, a Mexican company, and Germany-based 360TGTX have teamed up to launch a local credit card center in Mexico to facilitate forex trading. The credit center was launched to address the credit constraints faced by local Mexican foreign exchange market participants with limited access to liquidity.

Indonesia

Capital Market

4. Global venture company, Sequoia Capital recently injected capital into mutual fund investment application startup Bibit.id with an investment value of US$ 65 million or equivalent to Rp 943 billion.

It is planned that the funds raised will be used for the launch of new products and features, technology development, employee recruitment, and increasing education and awareness of investing.

Seed is one of the mutual fund selling agents that can be accessed online. Even in this business for only three years, Seed is already able to compete in the market. It is proven by the interest of retail investors who are interested in using Seed for mutual fund investment.

Thailand

ICF Membership

5. The Cyprus Securities and Exchange Commission (CySEC) announced on Tuesday that Coverdeal Holdings Ltd., which terminated services last year, is no longer a member of the Investors Compensation Fund (ICF).

The Cypriot regulator offers up to 20,000 euros protection to the deposits of all traders under any locally regulated financial services company. This ensures the safety of client deposits in case of the broker going bankrupt.

Trading Services

6. Dukascopy has expanded its trading services with cryptocurrencies. On Tuesday, the Swiss company announced that it has added CFDs contracts of Bitcoin, Ether and Litecoin.

The broker will add cryptocurrency trading for traders using the MetaTrader 4 platform: before it was only offering crypto trading on jForex trading platform. These new services will be added to both live and demo trading environments.

Japan

Transaction Data

7. Below is the transaction data of Over-The-Counter retail FX margin trading (as of May 31, 2021)

Operators Number: 52

Volume: 482965.6 Billion JPY

Open Positions: 8134.7 Billion JPY

Short: 4465.4 Billion JPY

Long: 3669.2 Billion JPY

Commonwealth of Independent States (CIS)

Forex Awards

8. Just2Trade Online received the prestigious World Finance Forex Awards 2021 in the Best Partnership Program nomination.

New opportunities

9. From July 12, 2021, 46 instruments of the Australian Securities Exchange (ASX) will be available for trading to clients of the international broker TeleTrade using the new investment account type TeleTrade Invest.