Broker Updates During Mar 1-7

Vietnam

Forex Warning

1. Lion Group - a group about Forex is being warned on many traditional mainstream news about the operation pattern that has many unusual signs of unauthorized multi-level. Accordingly, the fertility rate of professional Forex traders is only 0.5%-6%/ month, high returns often come with high risks. It is difficult to invest in Forex with only profit without loss.

When compared to the hundreds of percent return, without any risk of loss that Lion Group poses, we can see that it is a sign of multi-level, the money to pay investors comes from investors coming later. And like any ponzi scheme, it is about to fail, the investor behind has suffered immense losses.

Credit Bonus

2. ZFX launches a super promotion of $ 1,500 Credit Bonus, which runs until 23:59 on March 31, 2021. Content and how to participate are fully updated on the ZFX website. The bonus can be used for trading or flexible deposit withdrawal during the promotion period.

FBS Promotion

3. This is considered one of the biggest promotions ever of FBS. The biggest gift is a BMW X3. There's also the Kawasaki Z250, Apple devices like the MacBook Pro and iPhone 12 Pro, $ 10,000, $ 20,000, $ 30,000, and other cool prizes that can be yours as well.

Brokers Ranking

4. XTB is ranked among the Top 5 largest brokers in the world by number of active accounts (According to report Q4 / 2020 of Finance Magnates). XTB Group has just added a new title to its leaderboard: In the aggregate list of the largest brokers in terms of active accounts reported by Finance Magnates, XTB has risen from the position. ranked 20th (Quarter 4/2019) to fifth place (Quarter 4/2020). The group also recorded 135% growth - the highest in active accounts among the top 5 brokers including IC Markets, Plus 500, IG Group and GAIN Capital.

Thailand

Crypto Regulations

5. Thailand‘s Securities and Exchange Commission (SEC) has scrapped its new crypto regulations draft after it received massive backlash from the local community for setting a high bar for investors.the proposal wanted the crypto investor’s minimum annual income to be 1 million baht (around $33,000), which is too high compared to Thailands per capita GDP of around $7,800, as per World Bank data.

Japan

Transaction Data

6. Blow is monthly trading volume & open positions for Over-The-Counter Retail Margin FX trading. Trading Volume by currency pairs (flows over 100 million YEN)

-January, 2021

The data in this file are a summary of figures reported by Association members participating in the monthly statistical report on Over-The-Counter Retail FX Margin Trading, published by The Financial Futures Association of Japan (FFAJ).

Commonwealth of Independent States (CIS)

Swap Rates

7. Renesource Capital AS IBS announced that from February 26, 2021, it changed and updated the swap (SWAP, Rollover, TomNext) rates for currency pairs (Forex) and precious metals (Bullion).

Business Expansion

8. Forex broker Grand Capital spoke about how 2020 went for the company and plans for the future. The company plans to expand its presence in the regions and at the same time work to improve the quality of services.The company announced that it managed to increase the number of clients by 23.4%, and now the total number of traders is more than 900 thousand people.