Founded in 2014, Olymp Trade has been operating for over a decade, expanding its services and user base considerably, now offering focused trading in fixed-time trades (previously known as binary options in some regions) and Forex. Specifically, Olymp Trade operates two trading modes: fixed-time trades and forex mode. Fixed-time trades refer to trades with predetermined expiration times, where traders predict market movement directions. Payouts typically range from 70-90% of the investment amount. Forex Mode is a more traditional forex trading approach with variable leverage (up to 1:500 for experienced traders). At the same time, it allows for more sophisticated trading strategies with customisable take-profit and stop-loss orders.
Pocket Option is considered a beginner-friendly trading platform, providing access to over 100 CFD instruments. Though not in an extensive range, 12 currency pairs, 10 cryptocurrencies, and stock indices are enough for focused and efficient trading. Particularly, forex trading starts at $10, perfectly fit for beginners' trading styles. Besides, Pocket Option provides a free demo account with virtual funds of $50,000 to give users risk-free practice. Though Pocket Option introduces commission-free option trading, they are less competitive in trading costs for other instruments.
OlympTrade is a relatively young online broker registered in Saint Vincent and the Grenadines, a shady spot with a booming of unlicensed entities. Tradable assets on the OlymTrade are not extensive, and this broker does not tell many essential trading conditions. As for trading platforms, I found trades can only operated on a simple web-based trading platform, no Metatrader platform at all.
Interactive Brokers is a well-established stock broker compared to many of its peers like Wellbull and offering a large selection of tradable securities, and it offers $0 per share on stock and ETFs (for U.S residents only) with its IBKR Lite plan. Besides, it also offers the most advanced platforms to foster superb trading experience. In this way, Interactive Brokers features the largest clientele compared to its competitors, like Robinhood, Fidelity and Charles Schwab, over 2.6 million institutional and individual brokerage customers.
T4Trade is a global leader in online trading and provides both beginner and professional traders with access to various opportunities across global financial markets including forex, indices, commodities, shares, futures, and metals. The broker also provides three accounts with a maximum leverage of 1:1000. The minimum spread is from 0.0 pips and the minimum deposit is 0.
IB, or Interactive Brokers, is a discount brokerage firm founded in the United States in 1978. It is headquartered in Greenwich, Connecticut, and has offices in several other countries, including the United Kingdom, Hong Kong, and Australia. The company provides electronic brokerage services to individual and institutional clients, offering a range of financial products, including stocks, options, futures, forex, bonds, and funds. Interactive Brokers is regulated by several financial authorities, including ASIC (Australia), FCA (UK), FSA (Japan), SFC (Hong Kong), and CIRO (Canada).
FP Markets is an Australian-based online brokerage firm that offers various trading instruments including 70+ forex currency pairs, 10,000+ stocks, 19 indices, commodities, bonds, metals, and digital currencies. The company was founded in 2005 and is regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC).
AUS GLOBAL is the internet brokerage brand of AUS Group, with offices in Cyprus, London, Dubai, Turkey, Seychelles, Mauritius, Thailand, Malaysia, Vanuatu, Melbourne, Vancouver and Wellington. It is a forex and CFD broker regulated by the Cyprus Securities and Exchange Commission (CySEC), offering online trading services to retail and institutional clients worldwide. The broker provides a range of trading instruments, including forex, stocks, indices, commodities, and cryptocurrencies, as well as various trading platforms such as MT4, MT5, and cTrader.
Crystal Trust is a smart investment product. It is limited to the activities of financial services firms and their professionals, and financial products are actual commodities, accounts, or investments provided by them. Clients can choose various plan options with up to 20% return on principal every day. Withdrawal processing time is within 12 business hours.
China introduced new measures on Monday to support its weakening currency, the yuan, amidst mounting economic and political pressures. The government announced plans to boost foreign exchange reserves in Hong Kong and ease borrowing restrictions for companies to improve capital flows.
Valiant Markets is an offshore broker advertising trading in over 1,000 trading instruments including Forex, Stocks, Commodities, Indices, and Futures. It offers leverage up to 1:100 and requires a high minimum deposit of $250. However, its lack of regulation raises concern about asset safety.
Founded in 2014, Uniglobe Markets is an unregulated India broker offering trading in forex, share CFDs, indices, metals, commodities, and cryptocurrencies. Its leverage is up to 1:500 and the spread is as low as 0.0 pips. Uniglobe Markets provides MT4 and MT5 trading platforms with demo accounts.
Hubblebit is an unregulated forex and CFD broker registered in Switzerland, offering trading via a web-based platform. The minimum deposit requirement is extremely high - $2,500.
WOCOM is a Chinese agency, which designs tailored investment programmes and strategies, aligning them with clients' financial goals to meet their unique requirements. It offers products including stocks, forex and futures.
ForexWare develops FX trading software and enterprise solutions to FX retail brokers, banks, financial institutions and money managers worldwide. ForexWare offers software solutions and technology for larger firms, institutions and small firms. ForexWare allows hedge funds and brokerage firms access to non-bank liquidity providers around the world.
Bursa Malaysia saw a slight dip on the final trading day of the year as profit-taking and cautious sentiment dominated. The FBM KLCI declined 3.4 points to 1,634.28, with muted turnover of RM822.07 million due to year-end festivities. Blue-chip stocks, including Tenaga Nasional and Telekom Malaysia, experienced declines, while regional markets remained subdued amid global uncertainties. As 2024 approaches, investors remain cautious, balancing risks with potential opportunities.
The Federal Reserve has implemented multiple interest rate cuts in 2024, bringing the rate to a range of 4.25%-4.5% by the end of the year. However, whether the Fed will continue cutting rates or shift to rate hikes in 2025 remains uncertain. The Fed's policy direction depends not only on economic data but also on internal adjustments, the policy direction of the new president, and other factors.
Smart FX Vest appears to be an unregulated online trading platform that offers 250+ trading instruments, including Forex, CFDs on Shares, Futures, Indices, Metals, and Energies. Additionally, it claims to provide its clients with leverage up to 1:1000, floating spreads from 0.5 pips, and commission-free trading via 3 different live account types.
TOPIATO is an unregulated brokerage company registered in the United Kingdom. Trade 200+ products including shares, currencies, metals, commodities, indices, and crypto. While the broker's official website has been closed, so traders cannot obtain more security information.
Registered in India, OTC GLOBAL LTD. is an introducing broker, working with international banks and brokerage firms to bring financial services for the likes of individuals and companies. While the broker's official website has been closed, so traders cannot obtain more security information.