Forex Trading Platforms

The U.S. Securities and Exchange Commission (SEC) has conducted several publicized investigations focused on broker and investment adviser or advisor cherry-picking in recent years. Most recently, the SEC announced on August 10, 2022, that an investment advisor providing investment advisory services in Florida agreed to settle charges related to an alleged multi-year cherry-picking scheme through which he fraudulently diverted hundreds of thousands of dollars in investment returns. As the Securities and Exchange Commission (SEC) explained in its Press Release, "from January 2011 to October 2020, [investment advisor representative Richard Keith] Robertson disproportionately allocated profitable trades to his personal and family accounts and disproportionately allocated unprofitable trades to certain of his client's accounts. According to the orders, the likelihood of these profitable trades being randomly allocated to Robertson's personal and family accounts is nearly z...

He attached two screen shots along with the tweet— details of WhatsApp conversations between a broker, Brijesh, and his cousin brother, Yogesh, who was looking for a rented apartment in India's silicon valley. "Kindly share your LinkedIn/Twitter profile, a copy of your joining certificate (from the company where Yogesh works), 10th-12th mark sheet and docs like Aadhaar and PAN card," the broker WhatsApp-ed. "Also, can you please share a 150–200-word write-up about yourself? Owner is asking," he further messaged. After Yogesh mailed all the documents, and checked if he can move-in by the end of April, he heard back. "Hey Yogesh, I sent your docs and write-up to the owner. Sorry but he rejected your profile, because you have got 75% in class 12th and the owner is expecting at least 90%," Brijesh, the broker, messaged. Mint was unable to verify the aut...

Hitting a 52-week high is often considered significant in the stock market and can have several implications for investors and traders. Here are some reasons why a stock hitting a 52-week high is important: 1. Positive Momentum . When a stock reaches a new 52-week high, it indicates positive momentum and suggests that the stock's price has been consistently rising over the past year. This can attract more investors and traders who see the stock as a strong performer and may be interested in riding the upward trend. 2. Investor Confidence . Hitting a 52-week high can boost investor confidence in a company's performance and prospects. It implies that the company is achieving positive financial results and meeting or exceeding market expectations. This confidence can lead to increased buying interest and potentially drive the stock's price even higher. 3. Technical A...

On May 30, 2023, the buying rate of one Euro (EUR) in Pakistani Rupees (PKR) in the open market was Rs 332.00, while the selling rate was Rs 335.50. These rates are updated at 08:00 AM Pakistan Standard Time (PST) and are subject to change based on market forces and foreign currency demand. The buying rate indicates the rate at which an exchange company or bank buys foreign currency from a customer, while the selling rate indicates the rate at which an exchange company or bank sells foreign currency to a customer. The Euro/PKR parity depends on open market rates and is set by market forces based on foreign currency demand. PKR to EUR – Today Pakistani Rupee to Euro as of May 29, 2023 ————————————————- PKR to GBP – Today Pakistani Rupee to UK Pound as of May 30, 2023 On May 30, 2023, the buying rate of one UK Pound Sterling (GBP) in Pakistani Rupees (PKR) in the open market was Rs 381.00, while the selling rate was Rs 385.00. These rates are updated at 08:00 AM Pakistan Standard Time (P...

With so many share trading platforms available to investors, it's hard to know what you should look for as you compare them all. The above list helps take guesswork out of it for you, with the following factors being highly regarded as important considerations: Minimum Investment Before signing up to a share trading platform, ensure that you can afford–and are happy to–pay the minimum investment. Often this is $500, but it can increase to over $1,000 or decrease significantly to $0 for smaller more niche platforms. Sometimes this minimum investment is only for the first initial trade, while other times, there's a minimum for every trade you make via the platform. Some platforms may have introductory offers available to new customers that waive these minimum initial investments, or a certain amount of free trades depending on how their minimum investment conditions are set up. Fees There are numerous fees associated with share trading, regardless of how you choose to...

Dutch billionaires run businesses with operations around the globe, from Europe to Australia and North America. Many of them have inherited their wealth from their forefathers, but there's a handful of self-made billionaires on this list. And a few sordid details as well. Check out the top 10 richest people in the Netherlands. How many have you heard of before? 1. Charlene de Carvalho-Heineken Bucking the overwhelming trend of men at the top, the first place on the richest people in the Netherlands list goes to a woman. Charlene de Carvalho-Heineken has a net worth estimated at $13.6 billion, placing her among the wealthiest women worldwide. Charlene's fortune comes from the family business. Her late father, Freddy Heineken, left her a 25% stake in Heineken International, allowing her pretty much full control. She's also an executive director. Charlene had little interest in the family business, though, as she told Fortune, in 2014. After her father's kidnappin...

Pips are the smallest price changes for a currency pair or other financial instruments, though there are fractions called pipettes. It's important to understand what they are and how to count them. A pip change is the measurement used for change amounts within an exchange rate of a currency pair. It's calculated from the last decimal point . Most major currency pairs are priced to within four decimal places, so the smallest change could be 1/100 or one percent (0.0001), which is one basis point. However, currency crosses for the Japanese Yen (EUR/JPY) have a pip of 0.01. For metals like silver and gold, a pip is 0.01 on the US30. Here's an example: the GBP/USD moves from 1.3935 to 1.3936, so there is one pip change. If you're using a five-digit broker and the GBP/USD moves from 1.39355 to 1.39360, there's a half a pip change (0.5 pip). Forex Brokers We Recommend in Your Region See full brokers list When measuring pips for BTC/USD pairs on the US30, it's s...

Forex trading involves financial risk. The risk factor can further elevate if you're not choosing a broker that is authorized by one or more top-tier regulatory authorities. Forex trading is not regulated in Nigeria till now by any local regulatory authority. As a result, many fake forex brokers are operating their businesses in Nigeria that may scam the traders and run away with their deposits. According to our comparison, HF Markets has the best overall rating based on multiple factors. Below is our detailed research. Comparison Table for Best Forex Brokers in Nigeria Broker Name Regulation Average EUR/USD Spread Max Leverage Minimum Deposit Trading Platforms Available instrument HF Markets FSCA, FCA, CySEC 1.5 1:1000 ₦4000 MT4, MT5, HFM App 1200+ XM ASIC, FCA, CySEC 1.7 1:1000 $5 MT4, MT5, XM App 1400+ Exness FSCA, FCA, CySEC 1 1:2000 $1 MT4, MT5, Exness Trader App 250+ AvaTrade FSCA, ASI...