Forex Broker Trends this Week

Vietnam

Q2 Profit

1. Futu Holdings reports 327% jump in Q2 profit, gaining Singapore license. The broker pointed out the growing IPO market as a boost to its revenue.

CFD Launched

2. HotForex expands offering and launches CFDs on DMA Stocks and ETFs. The new products will be available via the MetaTrader 5 platform.

License Gained

3. Pepperstone gains Germanys BaFin License. This is a part of the broker's continued its growth strategy in Europe.

Clients Charged

4. IC Markets to charge traders for accessing ASX market data. The new charges will be limited to the clients on the brokers MT5 trading platform.

Thailand

Cooperation Ends

5. IQ Option stopped working with Yandex.Money.

Third-party Payment

6. Evovle Markets now accepts deposits also via Tether (USDT).

Accounts Downsized

7. BDSwiss lowered minimum size for its accounts significantly.

New Account

8. Blackwell Global launched an ECN trading account.

Indonesia

Award Winning

9. FBS CopyTrade wins award from MENA 2020. Global Banking Financial Review named FBS CopyTrade as the best social application.

Updated Platform

10. The TickTrader platform presented by FXOpen makes it easy for clients to trade accounts in 1 practical application. Traders can focus more on developing trading strategies.

Dollar Donation

11. Dozens of Indonesian traders win Exness Ramadan 2020. Thousands of dollars were also donated to charities.

Russian Countries

License Canceled

12. LLC “PSB-Forex” hereby notifies of the decision taken by the Sole Participant of PJSC “Promsvyazbank” to refuse to carry out the activities of a forex dealer. At present, PSB-Forex LLC is preparing to submit an application to the Bank of Russia for the voluntary cancellation of the Bank of Russia license for operating as a forex dealer.

New Bill

13. FSA is preparing a new bill. The document will contain a number of requirements that must be fulfilled by all forex brokers registered in the state of Saint Vincent and the Grenadines.

Risk-free Investments

14. Representatives of the financial dealer FBS announced the launch of a new feature. Any client, with a new or valid account, can make 3 transactions within 2 weeks. Losses on these transactions will be compensated by the FBS broker.