Broker Updates on Mar. 29 - Apr. 4

Vietnam

Traders Contest

1. Errante offers clients in Vietnam market a demo account trading contest. The contest prize is extremely attractive with the first prize of 1500 $, the second prize of 1000 $, the third prize of 500 $. The event takes place from April 1st, 2021 to April 30th, 2021.

Retail CFD Trading

2. The Australian Securities and Investments Commission (ASIC) has implemented restrictions on retail CFD trading from Monday, limiting the leverage offered by brokers from 500: 1 down to a maximum of 30: 1.

In addition, the Australian regulator has policies to protect traders by enforcing negative balance protection as well as marketing tactics such as offering discounts and gifts to customers.

See ASIC's full announcement at: https://download.asic.gov.au/media/5828628/public-notice-cfd-pip-22102020.pdf

Trading Hours

3. CJC announced that from March 28, 2021, Europe will start Daylight Saving Time, so the trading hours of some products at CJC will also change.

Specifically, BRNUSD products change to trading hours 05:05 - 3:55, Monday - Friday. EU SHARES products change to trading hours 14:00 - 22:29, Monday - Friday. : Trading time above is Vietnam time (GMT + 7).

Brand Identity

4. On March 29, FBS had a complete change in the brand identity system of this broker online and offline. This fresh style brings a more modern, more digitized and user-friendly interface.

Especially this time, FBS is expanding, creating new products and features:

- FBS Trading Broker: Smart electronic space with all necessary information for trading activities. Easy way to manage money and check your progress.

- FBS Trader: Integrated trading platform application that allows access to global markets anytime, anywhere.

- FBS CopyTrade: A powerful social trading application for those who want to make a profit and gain knowledge by copying successful traders.

Indonesia

Capital Market

5. JAKARTA - The plan for the Social Security Administration or BPJS Ketenagakerjaan to reduce the composition of investments in stocks and mutual funds instruments is a sentiment to suppress the Composite Stock Price Index (IHSG). Until the close of the first session, the composite index has decreased quite deeply.

Hendriko said that one of the main reasons that caused the JCI to fall was the statement of BPJS Ketenagakerjaan that would leave the capital market to reduce the risk of falling prices in the market.

Thailand

Monetary Penalty

6. The Cyprus Securities and Exchange Commission (CySEC) announced that it has fined X Global Markets Ltd €50,000 due to shortcomings in the companys anti-money laundering controls.

Accurate details of the settlement have not yet been made public, but the violations were related to the general principals of the Money Laundering and Terrorist Financing Law (L. 188(Ι)/2007). The enforcement action was a result of the compliance onsite investigation started by the regulator between April 2016 to July 2017.

Japan

Transaction Data

7. Monthly Trading Volume & Open Positions for Over-The-Counter Retail Margin FX Trading.

Currency Pair: All

Unit: 1million JPY

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)

Crypto Instruments

8. From March 29, 2021, TeleTrade will provide its clients with access to 71 crypto-instruments on MetaTrader 5.0 accounts. A variety of tools will help TeleTrade clients diversify their sources of profit in the financial market.

In the near future, the broker also plans to significantly expand the list of crypto instruments on MetaTrader 4.0 accounts, which will be announced later.

Funds Withdrawal

9. Clients of the international financial brand Alpari now have access to withdraw funds through the popular payment system Moneta.Ru. Most importantly, operations for withdrawing funds through an electronic wallet can be performed without commission!