Broker Updates on Feb 22-28

Vietnam

Trading Volume

1. Doo Prime just announced trading volume for the first month of 2021. According to reports, transaction volume in January reached 13.73 billion dollars, up quite a lot from the same period last year. However, this figure is lower than the previous month (December 2020) with transaction volume reaching 16.69 US dollars. XAU/USD remains the most popular trading product. Given the volatility of market conditions recently, this is completely understandable.

Financial Training Event

2. On February 28, Boss Group cooperates with D.lion - Media & Solution to organize the opening training event for the chain of programs to spread investment knowledge in 2021.The content of the seminar will revolve around the issue of: The future of financial institutions and cash flow from 2021-2025. Here, Mr.Le Sy Tuan, Boss Group's strategic adviser, will share very carefully about money market overview including gold, stocks, cryptocurrencies, CFDs in the event.

Markets Expansion

3. Think Markets has acquired FX firm branch in Japan, Japan affiliate. At the same time, the Think Markets office in Tokyo also announced the opening. This shows that the company will begin to penetrate the Asian market this year, the first step is in the country of cherry blossoms.Talking about the reasons for choosing Japan, a representative of Think Markets said: “Tokyo is one of the largest foreign exchange trading centers in the world. Think Markets scaling up here is therefore a necessary step for us to continue to expand globally ”.

Indonesia

Digital Commodity Regulation

4. Ministry of Trade, through Trade Supervisory Agency Commodity Futures (Bappebti), is committed to providing legal certainty and protection, as well as business certainty in the digital commodity sector. One of them, through Bappebti Regulation Number 7 of 2020 concerning Determination of List of Crypto Assets that can be Traded in the Physical Market of Crypto Assets. This regulation aims to increase the credibility of the commodity futures trading industry (CPB) and create a conducive investment climate, especially in facing global competition in the era of the digital economy.

Thailand

Crypto Trading Qualifications

5. The Securities and Exchange Commission (SEC) is conducting a public hearing this month to determine qualifications for investors wanting to open a cryptocurrency trading account. The qualifications for cryptocurrency traders are to ensure new retail investors opening crypto trading accounts have sufficient financial buffers to absorb risk from volatile price swings.

Japan

Transaction Data

6. Japan Transaction Data (January 2021)

Number of Over-The-Counter Retail FX Margin Trading Operators : 51(January 31, 2021)

Volume :443906 billion JPY

Open Positions(as of the end of the month) : 8037.6 billion JPY

Short :4059.6 billion JPY

Long : 3977.9 billion JPY

Commonwealth of Independent States (CIS)

FX Competition

7. Based on the results of the initial stages of the competition, the main winner was the trader who raised his capital to one million! The broker awarded the trader a bonus prize of $ 1,500 and a cash reward of $ 750. He, like everyone else, started with 10,000.

Trading Commission

8. Fibogroup announced that it will introduce a commission of 15% of the amount credited to the account as a manager's fee on the cTrader Copy trading platform from 6.03.2021.