Broker Updates During Dec. 14-20

Vietnam

BTC Transfer Alert

1. A single transfer of 32,353 BTC from one anonymous crypto wallet to another occurred on Sunday, blockchain tracker Whale Alert reports. The amount worth over 628 million USD, represents one of the major transfers in recent weeks, and has happened just as Bitcoin hits almost all time high of 19,200 USD, after trading at levels about 17,600 USD a few days earlier.

Euro-backed Stablecoin

2. One of the oldest banking institutions in Europe, the Bankhaus von der Heydt (BVDH) is embracing one of the newest developments in cryptocurrency, stablecoin, with the launch of the EURB token. This currency is developed by the bank, collaborating with German blockchain developer Bitbond. The currency will be a stablecoin, backed by the euro.

Turbo Certificates

3. The Dutch Authority for the Financial Markets (AFM) is moving closer to imposing a restriction on the sale of Turbo Certificates to retail traders. Turbo Certificates are quite popular on the European market, especially since the European Securities and Markets Authority (ESMA) imposed leverage caps on forex pairs and CFDs back in August 2018.

Indonesia

Domain Blocking

4. Bappebti again blocked 114 domains of entity sites who got no permits from Jakarta. The blocking was carried out by the Ministry of Communication and Information and in collaboration with a domain registration institute in Indonesia, in order to prevent public losses in the field of futures trading.

Orbex Anniversary

5. Global financial services provider Orbex recently celebrated its first decade in operation as a regulated FX broker. The commemorative event occurred on October 17th, 2020 in Limassol, Cyprus, the town the company has called home since its inception in 2010.

Thailand

Regulatory License

6. FXCM Group has received a fresh regulatory license from the Cyprus Securities and Exchange Commission (CySEC) just ahead of the Brexit transition period expiry. The Cyprus Investment Firm (CIF) license was awarded to the locally formed entity FXCM EU Ltd. It was issued on November 23, 2020, as seen on the regulators directory.

Trading Data

7. IG Group Holdings PLC has published numbers of its trading activities for the last three months, ending on November 30, showing a consistent demand for its services in the fiscal year. In the second quarter of FY2021, the brokerage generated total revenue of around £207 million.

Japan

Transaction Report

8. Monthly Retail Over-The-Counter Binary Options Report

The table below, reported by FFAJ members, is a transaction summary of the monthly retail OTC currency binary option. A “currency binary option” refers to a binary option whose underlying asset is a currency exchange rate or a currency index. The figures of OTC retail binary options do not include binary option transactions traded by corporations and/or other institutional investors.

Commonwealth of Independent States (CIS)

Top RAMM Strategies

9. The top 5 RAMM strategies have been unveiled, which showed the highest returns in the past month. The best strategy in November was the one called FARZAD. The manager showed a profitability of 307.36% for 1 month. The following strategies were named the best: Strategy - 3000 with a profit of 176.76%; Vitali 5525 with a profit of 169.49%; Interna 12 with a profit of 157.01%; NAGAN with 90.13%.

Payment Services

10. Payment services are again tightening requirements for representatives of the trading industry. In this regard, the broker FxOpen offered owners of iPhone to replenish their accounts using Apple Pay. Despite the convenience it brings, the disadvantage of using this service is its high cost: for each replenishment, you will need to pay a commission - 6% of the amount.