Here’s a round-up of the latest developments from the brokers this month.
Global Forex Awards 2019
The public and the Forex trading community are currently casting their votes for who they consider to be the best performing forex businesses. Voting closes on 31st July, so if you haven’t voted yet, you’ll need to be quick. You can do so here. Once all the votes have been received and collated, the Global and Regional award winners will be announced at the official awards ceremony in Cyprus on 3 October 2019. You can read the full story here.
CMC Markets has seen an increase in client demand for cryptocurrencies since mid-May with clients looking to gain exposure using derivatives. The move coincides with Facebook’s Libra project and G20 scrutiny of the asset class just which have served to drive interest. Read the full story here
Capital.com has announced that a patent for its unique AI trade bias detection system has been approved. Based on machine learning, the technology, branded ‘eQ’, detects cognitive biases that often prevent clients from making disciplined trading decisions. What traders believe are valid judgements may in fact be the results of effort-saving mechanisms by the brain. Read the full story here
The European Securities and Markets Authority (ESMA), the EU’s securities markets’ regulator, has today published a statement addressed to providers marketing, distributing or selling contracts for differences (CFDs) to retail clients. The statement is in response to various practices and situations observed in the market, which raise concerns of non-compliance with the legal requirements applicable when providing services to retail clients. Read the full story here
CFD broker AvaTrade has added three new digital currency pairs to its existing range for CFD traders. It has added NEO/USD, EOS/USD and MIOT/AUS to an existing range of 14 cryptocurrency pairs. The CFD broker launched the new pairs at the beginning of the month. AvaTrade also said it was relabeling its existing Ethereum, Ripple and Litecoin instruments – they will now be trading under the conventional forex trading pair format, namely ETH/USD, XRP/USD and LTC/USD. Read the full story here
IG has added working order previews to its charting tools. That means, as an order ticket is populated, the relevant details will be previewed in the accompanying chart. Changing stops or limits on the chart will then be reflected back in the order ticket.
According to an update posted in the App Store, Plus 500 has launched fresh charting tools on its iOS platform and has also improved the user interface.