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Why Is Bitcoin Going Up? Russia Uses Crypto in Oil Trade with China and India

Russia is using cryptocurrencies in a small but growing part of its oil trade with China and India, Reuters reported today (Friday). The move helps Russian companies bypass Western sanctions. The report cited four unnamed sources familiar with the matter.Meanwhile, BTCUSD H1 chart shows the price gradually rising after finding support at a key level. Additionally, the cryptocurrency is trading above a bearish trend line’s support, potentially attracting more intraday buyers and adding bullish momentum.Russian Oil Firms Leverage Crypto TransactionsRussian oil firms are using bitcoin and ether through intermediaries to convert yuan and rupees into rubles, the sources said. Stablecoins are also being used, though issuers like Tether can freeze funds if required by regulators.?BREAKING:REUTERS REPORT RUSSIA HAS STARTED USING CRYPTO IN TRADE WITH CHINA & INDIA.BULLISH ? pic.twitter.com/Xoms3Yin2K— Ufo Calls ? (@UfoCalls) March 14, 2025One source said a Russian oil trader’s crypto transactions with China are worth tens of millions of dollars per month. The use of cryptocurrencies in Russia’s oil trade reportedly began in December after legislative changes allowed their use in international payments. Finance Minister Anton Siluanov said the shift was a response to sanctions.Crypto Infrastructure Helps Russia Evade SanctionsWestern restrictions imposed after Russia’s invasion of Ukraine have disrupted trade with key partners. Chinese and Indian banks have become cautious with Russian-linked transactions to avoid scrutiny. In September, blockchain analytics firm Chainalysis reported that Russia’s central bank was leading crypto infrastructure efforts to evade sanctions. However, this is the first time cryptocurrency use in Russia’s $192 billion oil trade has been detailed.Russian official Anton Gorelkin said sanctions would not fully block Russia from using cryptocurrencies. His comments followed new EU sanctions on Russian crypto exchange Garantex, which has been under US sanctions since 2022.BTCUSD Finds Support at 80K LevelThe BTCUSD H1 chart reveals that the price has established support at a crucial level of 80K, which holds significant importance. After forming a bullish reversal pattern, the price has begun moving upwards gradually. Although the price has managed to breach a bearish trendline, it has yet to generate a strong bullish momentum. Despite this, as long as the price stays above the trendline, it could encourage more buyers to enter the market, potentially pushing the price toward the next resistance level, which is expected to be around 90K.Trump Eyes Russia Ties, Sanctions StayMeanwhile, US President Donald Trump has expressed interest in improving ties with Russia and ending the Ukraine war, but sanctions remain in place. The sources said crypto will likely continue to play a role in Russia’s oil trade because it speeds up transactions.A Kremlin adviser said cryptocurrencies are just one of several methods Russia is using to navigate payment challenges. Other sanctioned nations, including Iran and Venezuela, have also turned to digital assets to sustain trade while avoiding reliance on the US dollar. This article was written by Tareq Sikder at www.financemagnates.com.

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Why Is XRP Surging for 4 Days Straight? Ripple’s Dubai License and New XRP Price Prediction Fuel the Rally

XRP's price is much more volatile than Bitcoin’s, as seen in this week's XRP/USDT chart. The price is rising for the fourth consecutive day, driven by positive news about Ripple’s new licenses and growing expectations for an XRP ETF. In this article, we explain why XRP is surging above $2.31 and explore top analysts' latest XRP price predictions for 2025 and beyond.XRP Price Surges to $2.31: Why Ripple's Token Is on a Four-Day RallyXRP, the digital asset associated with Ripple, has climbed to $2.31 today (Friday, March 14, 2025), marking its fourth consecutive day of gains as investors react to positive regulatory developments and bullish market predictions. The cryptocurrency has gained 3% in the last 24 hours alone, continuing a momentum that has caught the attention of both retail and institutional investors.This four-day rally comes after weeks of bearish correction, suggesting a potential shift in market sentiment regarding XRP's prospects. XRP's price is rebounding from the psychological support level of $2, which has been preventing sellers from pushing it lower since November. However, this doesn't change the fact that XRP has dropped more than 30% from its January highs of $3.40.Ripple News: First DFSA Blockchain Payments License XRP's recent surge is linked to Ripple news about securing a regulatory license from the Dubai Financial Services Authority (DFSA). This approval makes Ripple the first blockchain payments provider authorized to operate in the Dubai International Finance Centre (DIFC), allowing it to offer regulated crypto payment services across the UAE.Ripple has secured regulatory approval from the Dubai Financial Services Authority (DFSA), making us the first blockchain payments provider licensed in the DIFC. https://t.co/6oHWtnjODrThis milestone unlocks fully regulated cross-border crypto payments in the UAE, bringing…— Ripple (@Ripple) March 13, 2025The license strengthens Ripple’s position in the Middle East, a key market where it serves around 20% of its global customer base. It follows Ripple’s October 2024 in-principle approval to launch cross-border payment services in the region.“We are entering an unprecedented period of growth for the crypto industry, driven by greater regulatory clarity around the world and increasing institutional adoption,” said Brad Garlinghouse, Ripple's Chief Executive Officer. “Thanks to its early leadership in creating a supportive environment for tech and crypto innovation, the UAE is exceptionally well-placed to benefit.”The approval aligns with the UAE’s broader goal of becoming a global crypto hub, attracting fintech firms with a $400 billion international trade marketRegulatory Optimism Fuels XRP's Upward TrajectoryThe other important catalyst behind XRP's current rally appears to be growing optimism surrounding Ripple's ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). Ripple is expected to file a pivotal appellate brief by April 16, 2025, which investors anticipate could mark a major positive shift in XRP's regulatory status.This optimism follows a significant development last year when a U.S. judge fined Ripple $125 million in a ruling that CEO Brad Garlinghouse described as a victory for the company. Why Is XRP Price Going Up Today? TableThe recent four-day rally that has pushed XRP to $2.32 can be attributed to several significant developments that have bolstered investor confidence and market sentiment. Here's a comprehensive breakdown of the primary catalysts:Technical Factors Behind XRP's Rapid Price MovementThe cryptocurrency's price elasticity plays a significant role in its ability to make substantial moves in short timeframes. According to crypto analyst Dom, XRP experiences sharper price increases primarily due to its relatively thin order books. This characteristic creates what analysts describe as a "vacuum effect" when significant buying pressure enters the market.Very informative post I shared last month, check it below if you haven'tMany wonder how $XRP, having such a large marketcap can move so quickly & much higher, and the simple answer is low supply and thin orderbooksLet me put this into perspective using Binance perp markets as… https://t.co/s55nsqOqZi pic.twitter.com/MNRnA8XcqI— Dom (@traderview2) January 14, 2025Unlike Bitcoin, which requires approximately 985 million USDT to push prices up by 25%, XRP only needs about 59.73 million USDT to achieve the same percentage increase. This makes it approximately 16.5 times easier to trigger substantial jumps in XRP's price compared to Bitcoin. When combined with growing investor confidence, this technical reality amplifies price movements in either direction.Furthermore, many XRP holders maintain long-term perspectives after enduring years of volatility. These investors are unlikely to sell after moderate gains, especially since the asset remains below its all-time high of $3.84. This constrained supply contributes to reduced selling pressure even during significant price increases.You may also like: New Price Forecasts Show If XRP Can Reach $100XRP Price Prediction 2025 and BeyondIndustry experts have provided varied forecasts for XRP's performance in 2025, with predictions ranging from moderate growth to exponential gains. These projections are based on different factors including regulatory developments, institutional adoption, and technical analysis.Brad Garlinghouse, CEO of Ripple, forecasts XRP reaching $10 by 2025, citing regulatory clarity and Ripple's growing utility in cross-border payments as primary drivers for this valuation.Shannon Thorp, former Operational Specialist at Citi, presents an extremely bullish outlook with predictions ranging from $100 to $500, based on anticipated banking adoption surge. While this represents a speculative long-term view, it highlights the potential some experts see in XRP's future.??#XRP is in a big head n shoulder pattern. At the same time wee see 20/50ma breaking 100ma to the downside. On weekly timeframe we just had a bearish engullfing cadle close.A a re-test of 100/50ma as resistance would be a great place to place a short order.Target 1: 1,6$… pic.twitter.com/z2Gg8GS0eF— Wolf of Block Street (@PuppyNakamoto) March 13, 2025Crypto analyst Egrag Crypto, who has over 70,000 followers on X (formerly Twitter), predicts XRP could exceed $5 by the end of 2025, pointing to bullish reversal patterns and increasing institutional momentum as key factors.Thomas Kralow, a hedge fund manager and crypto YouTuber, offers a medium-term target of $8-$10 for XRP by 2025, basing his analysis on market trends and XRP's practical utility in real-world applications.Read this: DeepSeek AI Predicts XRP to Reach $5 and Bitcoin to Hit $500K in 2025Technical analyst Crypto Patel forecasts a $10 price target, drawing parallels to XRP's 2017 performance when it experienced a 40,000% price increase. While his full prediction extends to 2026, 2025 could see significant buildup toward this target.Cathie Wood, CEO of ARK Invest, while not specifying a 2025 price target, has suggested XRP could reach $1 million by 2030, implying substantial growth during the 2025 period as part of this trajectory.Himanshu Maradiya, Founder of CIFDAQ, projects a range of $5-$15 for XRP by 2025, with his bull case tied to widespread On-Demand Liquidity (ODL) adoption and expansion of global partnerships.Crypto Analyst XRP Captain has made one of the most bullish predictions, suggesting XRP could reach $250 by 2026, with 2025 likely representing a critical stepping stone toward this ambitious target.XRP Price Prediction Comparison TableHow high can XRP price go? Forecasts tableXRP Price News, FAQHow Much Is XRP?As of March 14, 2025, XRP is trading at approximately $2.31. Price is going up by 3%, rebounding visibly from this week lows below $2.00.Why Is XRP Going Up?Due to Ripple’s newest announcement of DFSA payments license. Moreover, positive outcomes in legal disputes, such as Ripple's ongoing case with the SEC, have bolstered investor confidence. President Donald Trump's announcement to include XRP in the U.S. strategic crypto reserve has also significantly boosted its valueHow High Can XRP Go?The experts anticipate XRP reaching between $5 to $7 in the first half of 2025, driven by post-election momentum and Ripple's progress. More optimistic scenarios suggest that XRP could achieve higher valuations, potentially reaching $100 or more in the long term, depending on widespread adoption and favorable regulatory conditions.What Is XRP?XRP is a digital asset developed by Ripple Labs, designed to facilitate fast and cost-effective cross-border payments. Operating on the XRP Ledger, an open-source blockchain, XRP aims to streamline transactions between financial institutions by offering liquidity and reducing settlement times. Unlike Bitcoin, which relies on mining, XRP uses a consensus protocol, making transactions more efficient and environmentally friendly.How to Buy XRP?Buying XRP is straightforward and can be done on major cryptocurrency exchanges such as Binance, Coinbase, Kraken, and KuCoin. To purchase XRP, follow these steps:Choose a Crypto Exchange – Select a platform that supports XRP trading.Create an Account – Sign up, complete KYC verification, and secure your account.Deposit Funds – Add fiat currency (USD, EUR, etc.) or another cryptocurrency like Bitcoin or USDT.Buy XRP – Place a market or limit order to purchase XRP at your preferred price.Store Securely – Transfer XRP to a secure wallet (hardware or software) for added security.Is XRP a Good Investment?Yes. As one of the leading cryptocurrencies for payments, XRP is favored by financial institutions due to its fast settlement times and low transaction costs. However, XRP has faced legal challenges, particularly the SEC lawsuit against Ripple, which impacted its price volatility. While some investors see XRP as a strong long-term play due to its real-world utility, others remain cautious due to ongoing regulatory scrutiny. This article was written by Damian Chmiel at www.financemagnates.com.

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Doo Group’s Trading Volume Hits $134 Billion in February, Driven by Gold and JPY

Doo Group reported a total trading volume of $134.11 billion in February 2025, a 25.33% increase from January. The company faced lower trading activity in January due to seasonal factors and market adjustments. Despite initial challenges, trading volume rebounded in February as market conditions stabilized.Gold, JPY Drive Doo Group GrowthThe average daily volume (ADV) reached $4.79 billion, up 38.75% from the previous month. Market conditions influenced trading activity. The impact of Donald Trump’s tariff policies and heightened global trade tensions led to increased risk aversion. Gold prices reached a historic high of $2,956 per ounce in February, driving a rise in XAU/USD trading."Doo Group continues to show strong momentum in its trading volume. In the future, Doo Group will continue to develop a global FinTech system and build a comprehensive financial ecosystem," the firm stated in its blog post. Doo Group’s Trading Volume Grows 89%Meanwhile, sentiment toward Japan’s economy improved. The Japanese yen recorded its strongest monthly performance since July 2024. This drove increased trading activity in USD/JPY and GBP/JPY, which were among the most traded currency pairs of the month.Doo Group’s total trading volume increased by 89.51% compared to February 2024. The most traded products were XAU/USD, USD/JPY, EUR/USD, GBP/JPY, and NAS100. XAU/USD had the highest trading volume, rising 17.51% from the previous month. JPY-related products were actively traded, with USD/JPY becoming the second most traded product. GBP/JPY saw the largest monthly growth, increasing by 946.32%.Expanding Presence in CyprusMeanwhile, Doo Group, which obtained a Cyprus license in late 2023, has expanded its operations with the opening of a new office in Limassol. The company stated that this is its largest office in Europe, as reported by Finance Magnates.This appears to be Doo Group’s second office in Cyprus, as the listed address differs from the one registered with the Cyprus Securities and Exchange Commission. Approximately 80 employees are now based at the new location.Doo Group was granted its Cyprus Investment Firm license in September 2023, as per regulatory records, although it made a public announcement in November. The license permits the company to offer derivative products, including contracts for difference, across European markets. This article was written by Tareq Sikder at www.financemagnates.com.

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Bitcoin Price Is Dropping the Most Since 2022, but Finery Markets Reports Record $1.8B Volume

Bitcoin (BTC) tumbled 18% in February, its steepest monthly drop since early 2022. Yet despite the price slump, market activity remained anything but calm. This volatility created a trading boom for institutional platform Finery Markets, which processed a record $1.8 billion in client transactions last month—a 135% surge from February 2024. The contrasting metrics highlight how institutional trading volumes can thrive even when cryptocurrency prices struggle.Institutional Crypto Trading Surges as Finery Markets Reports Record $1.8B VolumeFinery Markets is specializing in non-custodial cryptocurrency electronic communication networks (ECN) and SaaS trading solutions for institutions. And it has reported all-time high trading volumes in the opening months of 2025, highlighting accelerating institutional engagement with digital asset markets.This record $1.8 billion performance follows January's strong showing of $1.6 billion in client trades, positioning the firm for a really strong first quarter. And this is a quarter in which BTC has so far lost 12% of its value, entering the new year with a significant hangover despite January's all-time highs."The performance signals that we're right on track to prove our main belief: that the institutionalization of crypto is inevitable," said Konstantin Shulga, CEO of Finery Markets. "Market participants are increasingly seeking reliable technology and trading infrastructure to gain exposure to the crypto industry."The data reveals particularly strong growth in stablecoin transactions, which surged 152% year-over-year in February alone. This trend suggests stablecoins are increasingly serving as a critical bridge between traditional financial systems and digital asset markets.The 2024 results are certainly fueling positive forecasts, as OTC trading volume has increased by over 100% in recent months.Recently, the company also announced a partnership with Sage Capital Management, which will become the company’s liquidity provider using the quite new trading method, including quote streams via the FIX protocol.Why Is Bitcoin Going Down?And as mentioned, record-high volumes are occurring against the backdrop of significant Bitcoin declines. BTC price has fallen sharply in February and March 2025, dropping from a peak of $109,000 in January to around $77,000 this week, as a mix of economic uncertainty and crypto-specific pressures weigh on the market. Analysts point to global trade tensions, sparked by US President Donald Trump’s imposition of tariffs on Canada, Mexico, and China, as a key driver, fueling fears of inflation and prompting investors to pull back from riskier assets like cryptocurrencies. The broader crypto market has shed nearly half a trillion dollars in value since early February, according to CoinGecko data.Adding to the downturn, disappointment over Trump’s Strategic Bitcoin Reserve plan—initially hyped as a potential boost for Bitcoin—has soured sentiment. The reserve, unveiled in early March, will use existing government-seized Bitcoin rather than new purchases, dashing hopes of fresh capital inflows. Meanwhile, US-listed Bitcoin exchange-traded funds (ETFs) have seen outflows exceeding $3 billion in February alone, reflecting waning investor confidence. A $1.5 billion hack at the Bybit exchange last month has also rattled nerves, amplifying volatility in an already fragile market. Ethereum, the second-largest cryptocurrency, has fallen over 50% since the January high to $1,900, hitting its lowest level since 14 months.Will Bitcoin Fall to $70,000? Experts Say: YESAlthough Bitcoin's price is currently holding above the $80,000 level, which appears to act as psychological support, it remains below the 200-day EMA, suggesting that bears have the upper hand. Furthermore, the 50-day EMA is about to cross below the 200-day EMA, forming a long-term sell signal known as a death cross.Given this setup, analysts and investors are speculating how low Bitcoin might drop. The latest predictions suggest that BTC's price could fall to $70,000, around its November lows. This view is shared and frequently reiterated by Arthur Hayes, the founder and former CEO of the cryptocurrency exchange BitMex.Earlier this month, he suggested that the first support level was around $75,000. This week, however, he stated that Bitcoin's price would bottom out around $70,000 before starting a new rally."Be f***ing patient. BTC likely bottoms around $70k. 36% correction from $110k ATH, very normal for a bull market," Hayes commented bluntly. This article was written by Damian Chmiel at www.financemagnates.com.

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Crypto.com Partners with Key UAE Tech Firm for Regional Expansion

Crypto.com secured a partnership with Tawasal Al Khaleej, a key player in AI and technology in the UAE. This collaboration will integrate Crypto.com’s platform with Tawasal’s network and the Tawasal Superapp, giving nearly four million users in the region direct access to crypto trading and services.Strengthening Crypto.com’s Regional PresenceAccording to the exchange's announcement, Crypto.com’s agreement with Tawasal will roll out in two phases. Initially, Tawasal Al Khaleej will refer Crypto.com’s platform to its local and Middle Eastern partners, enhancing the exchange’s regional foothold. “Our partnership with Tawasal opens up a world of possibilities for Crypto.com to integrate our industry-leading products and services into their impressive tech projects,” said Eric Anziani, President and COO of Crypto.com. “This partnership is an outstanding example of how the UAE tech ecosystem is thriving and where the integration of digital assets products can benefit companies and consumers alike, giving simplified access to cryptocurrency, which not only encourages adoption but also progresses the development of our industry.”We are excited to announce that https://t.co/vCNztATkNg is the exclusive crypto partner for @TawasalSuperApp, strengthening https://t.co/vCNztATkNg’s position in the Middle East region!Read more: https://t.co/1eGt0BY3uw pic.twitter.com/43P1PygLIv— Crypto.com (@cryptocom) March 13, 2025The second stage reportedly involves integrating Crypto.com’s services into the Tawasal Superapp, a widely used digital ecosystem in the UAE. This move will expose millions of users to Crypto.com’s products, making cryptocurrency trading more accessible.A Boost for Crypto Adoption in the UAEThe UAE has positioned itself as a growing hub for digital assets, with regulatory frameworks that encourage blockchain innovation. Crypto.com’s move aligns with this trend, providing easier access to cryptocurrency services in a region that is rapidly embracing fintech advancements. The Tawasal Superapp integration is expected to accelerate crypto adoption, making it simpler for UAE residents to securely engage with digital assets. “By combining their services and digital assets with our blockchain technologies, we’re reaffirming our commitment to delivering safe, interactive, and easy-to-use digital experiences to our customers,” Eric Leandri, the CEO of Tawasal, said.“In return, Tawasal SuperApp is poised to provide Crypto.com with unparalleled visibility and expose their financial products to the local market, further expanding their reach and presence,” As Crypto.com continues expanding its global footprint, its partnership with Tawasal marks a strategic step in solidifying its presence in the Middle East. With millions of potential users gaining access to its platform, the deal could be a key catalyst for broader crypto adoption in the region. This article was written by Jared Kirui at www.financemagnates.com.

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Bybit Card Marks 2nd Anniversary with 1.5m Cards Issued

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, recently celebrated the second anniversary of the Bybit Card, a digital native solution for the borderless crypto community, at an event at Bybit's Dubai headquarters on Mar. 7. Since its launch in Sep. 2023, the Bybit Card has rapidly become one of the fastest-growing cryptocurrency payment solutions worldwide, with over 1.5 million cards issued globally.During the event, Bybit announced new product innovations, market expansion plans, and user experience upgrades including:· The upcoming launch of a customizable, limited-edition Premium Metal Card for selected users in the first half of 2025. · All cardholders can now benefit from an enhanced user experience, including an improved rewards program, stronger fraud protection, a redesigned intuitive dashboard, wearables connectivity, and complimentary family cards.The planned enhancements cater to the diverse needs of digital asset holders and their loved ones, further cementing Bybit's commitment to delivering superior financial products fit for the future of economy.“The issuance of 1.5 million Bybit Cards in just two years highlights the rapid adoption and growing demand for cryptocurrency financial solutions. We are proud to reach this milestone alongside Mastercard, our long-term partner, and to leverage their robust global network as we expand into new markets. As we continue to lead the next generation of fintech, our focus remains on delivering seamless, secure, and cutting-edge solutions that enhance our users' financial flexibility and growth in an increasingly connected world,” said Helen Liu, Chief Operating Officer at Bybit.Available in both physical and digital versions, the card allows users to minimize costly intermediaries and pay with crypto at any Mastercard-accepting merchant, offering a seamless, secure way to manage and spend cryptocurrency while benefiting from one of the highest cashback programs in the crypto industry. Backed by Mastercard’s global network, the card supports a range of leading cryptocurrencies, including BTC, ETH, USDT, USDC, and XRP. Users can pay using either crypto or fiat balances, with USD as the supported fiat currency. The card also supports a growing list of cryptocurrencies, including BTC, ETH, XRP, TON, USDT, USDC, MNT, and BNB, with additional options expected in the near future.“The financial world is evolving, and cryptocurrencies are becoming an essential part of the global financial system. Our Mastercard Bybit crypto card program is a bridge between the world of digital assets and everyday payments, offering consumers more choice and the increased flexibility to transact confidently.We are very happy to celebrate such a remarkable milestone and look forward to working together in the future,” said Mete Guney, Executive Vice President, Market Development, Mastercard, Eastern Europe, Middle East and Africa.Mete Guney (left), Executive VP, Market Development, Mastercard, Eastern Europe, Middle East and Africa, Joan Han (middle), Head of the Payment Business Unit at Bybit, and Oliver Silvey, Director, Head of Crypto & Digital Assets, Mastercard, at Bybit Card’s second anniversary event on Mar. 7, 2025 in Dubai.To find out more about the Bybit Card and its multiple rewards tracks, including premium lounge access, Netflix subscription perks, exclusive 10% cashback for new users, and other seasonal benefits, users may visit the Bybit Card.About BybitBybit (https://www.bybit.com/) is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. This article was written by FM Contributors at www.financemagnates.com.

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How to Spot the Next Crypto Project of 2025

The cryptocurrency landscape is a difficult space to navigate, with thousands of new coin projects being launched on a daily basis. It is humanly impossible to research and follow each of these new projects and shortlist a few promising ones, let alone find THE one to invest in.The best time to invest in a promising new digital currency startup is at the presale stage, when the prices are low and there is growing investor interest in the setup. Once the coin is listed on crypto exchanges, it can peak in value and risk falling into obscurity. However, succeeding on this front requires strategic planning and proper investigation from the investor’s end, often having to rely on expert advice along the way. This approach is the one to have as it combines the advantages of personal attention and expert endorsement. Accessing a New Crypto PresaleWhile there are many flashy options to invest in, the reality is that a crypto presale has a high chance of success if it aims to solve a real-world use case. One can push forward technology as much as they want, but if it is not solving a problem or improving the current situation, chances are it won’t give immediate returns. Market demand and competition are important indicators when it comes to the success of a crypto project. Technological DevelopmentCrypto, Web3, IoT, etc, are all leading technologies that are directly dependent on each other for future progress. If a crypto presale claims to have groundbreaking technology in any of the new cutting-edge areas and is able to prove it, it will have a much higher probability of succeeding. The best crypto presale of 2025 will surely be the one that combines useful applications and innovative technologies with partnerships with top industry players. Community is ImportantSuccessful crypto projects are driven by thriving communities; that is a fact. This is especially true for coin projects looking to lure sports fans with digital memorabilia and exclusive access. Community members also help in organic social media outreach and are able to push narratives. Maradona Legends - A Unique Crypto Project For Football FansMaradona Legends emerges as the sole legitimate representation of the Maradona brand, marking a watershed moment in both the sports and cryptocurrency industries. Maradona Legends is the official representative of the Maradona brand, with the rights to its use fully acquired. The platform’s presale stands out for its holistic approach to brand utilization, backed by the project's exclusive authorization to create and distribute official Maradona-themed contend, assets, and events.Maradona Legends has built a strong infrastructure through partnerships with industry leaders such as Sequence for blockchain gaming and WoV Labs for digital memorabilia verification. The DM10 token presale, which launched on February 20, 2025, provided the first opportunity for individuals to gain official access to the Maradona legacy, including governance rights and exclusive ecosystem benefits.The presale's unique value proposition originates from the official responsibility to protect and expand the Maradona heritage, which is supported by actual market estimates. With the sports memorabilia market projected to exceed $100 billion by 2032 and digital collectibles reaching $230 billion by 2030, Maradona Legends is uniquely positioned to capitalize on these expanding sectors.Maradona holds the record for the most valuable sports memorabilia item—his iconic 'Hand of God' jersey from the 1986 World Cup—further highlighting the project's potential to bridge football history, real memorabilia, and RWA with digital ownership. Maradona Legends creates a sustainable ecosystem by leveraging its exclusive licensing and the DM10 token, which serves as the core utility and governance asset for a global fanbase of over 3 billion football enthusiasts.Aim for Long-Term SuccessThe 2025 bull market is just starting to get warmed up at the moment. Despite several hiccups in traditional markets around the world, the crypto economy has continued to remain steadfast and has been able to retain its value. However, for newbies trying to make sense of the volatile crypto economy, the best advice is to practice patience and familiarize yourself with presales before making any significant investments. It is also advisable to follow independent analysts and engage with the online community significantly. This article was written by James Clifford at www.financemagnates.com.

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Hantec Markets Partners with Fortaleza EC in New Sponsorship Deal

In an exciting new development, global trading broker Hantec Markets has become the official trading partner of Fortaleza EC, one of Brazil’s most beloved football clubs. This new partnership marks a major milestone in Hantec Markets’ commitment to align with premier sports organisations that share the company’s values of ambition, determination, and excellence.Fortaleza, known for its passionate fanbase and prominent position in Brazilian football, represents a club with a deep connection to its community and an unwavering pursuit of success. Through this sponsorship, the Hantec Markets brand aims to connect with millions of fans throughout Brazil and beyond. The partnership will introduce a range of exciting fan engagement activities, such as exclusive behind-the-scenes experiences, special promotions, giveaways, and events, bringing the excitement of football and trading together.“We are thrilled to become a part of Fortaleza’s journey, a club that embodies the same principles of resilience, teamwork, and relentless pursuit of excellence that guide Hantec Markets,” said Norayr Djerrahian, Chief Strategy Officer of Hantec Markets. “This sponsorship is a significant step in strengthening our global presence, especially in Brazil, and reinforces our dedication to supporting organisations that inspire their communities to reach new heights,” said Raj Naik, Chief Marketing Officer at Hantec Markets.“We are adding a major international brand to Fortaleza for the next two seasons, which is recognised for its passionate fan base and presence in the stands and on social media. We have a deep connection with our community, which has already surpassed the barrier of a rising club and is already used to competing in national and South American championships, which is why we were chosen by the brand to be its gateway to Brazil,” said Marcelo Paz, CEO of Fortaleza EC SAF. “We are celebrating this international partnership with Hantec Markets, a global trading broker company that already sponsors Atlético de Madrid and has had success in sports by partnering with the Haas Formula 1 team. This shows how important Fortaleza is in Brazil and South America. Every time we step onto the field, we show our willingness to seek success in all competitions,” said Victor Simpson, commercial manager at Fortaleza EC SAF.The announcement follows Hantec Markets’ recently announced multi-year sponsorship of Spanish football club Atlético de Madrid.Hantec Markets is excited to join Fortaleza EC in this new chapter of growth, and looks forward to building lasting connections with football fans and traders alike. Stay tuned for exciting announcements and exclusive experiences throughout the season.About Hantec MarketsHantec Markets is a global multi-regulated trading broker, providing traders with access to forex, commodities, indices, and more. Backed by the award-winning Hantec Group, the broker focuses on building transparent and easy-to-access trading experiences for traders across the world.About FortalezaFortaleza is one of Brazil’s most successful and historic football clubs. Known for its passionate fanbase, the club has built a reputation for overcoming challenges and achieving great success in Brazilian football, with a number of state and national titles to its name. This article was written by FM Contributors at www.financemagnates.com.

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Hantec Markets Expands Football Ties with Fortaleza EC Following Atlético de Madrid Partnership

Online trading broker Hantec Markets has entered into a partnership with Fortaleza Esporte Clube for the 2025 and 2026 football seasons. As the official trading partner, Hantec Markets’ brand will be featured on Fortaleza EC’s team kit.This follows Hantec Markets' recent deal with Spanish football club Atlético de Madrid, making it the Club’s official online trading partner in LatAm.Hantec Markets and Fortaleza EC PartnershipThe new partnership aims to merge online trading and football, highlighting shared values of precision, strategy, and dedication. “At Hantec Markets, we believe that success is built on more than just skill—it’s about passion, resilience, and the relentless pursuit of excellence. These values define us as a global leader in online trading, and they are the same principles that drive Fortaleza EC, one of Brazil’s most dynamic football teams,” the firm stated on its website.Vamos, Leão do Pici! ? Hantec Markets is proud to be the new official trading partner of @FortalezaEC??❤️ Our brand will be featured on their kit for the 2025 and 2026 seasons, marking the beginning of an exciting journey together. As a global leader in online trading, we… pic.twitter.com/F5evpwdj6Y— Hantec Markets Global (@Hantec_Markets) March 13, 2025The partnership centers around the idea that success in both trading and football requires preparation and performance.Hantec Markets also plans to engage both football fans and traders through giveaways, matchday activations, and VIP experiences, creating unique opportunities for both communities.As part of its LATAM expansion, Hantec Markets recently appointed Raphael Marsura Abel Ferraz as Regional Manager for Brazil and LATAM. With his extensive industry experience, Hantec Markets aims to leverage Ferraz’s expertise to strengthen client relationships and enhance its market presence in the region.Hantec Markets Introduces Client Funds InsuranceMeanwhile, Hantec Markets has introduced a new client funds insurance policy, offering protection up to $500K per claimant. Underwritten by Lloyd's of London, this policy covers all Hantec Markets clients and aims to enhance security amidst market volatility and cybersecurity concerns, as reported by Finance Magnates. The insurance adds an extra layer of protection beyond regulatory safeguards, such as the £85K protection in the UK. The policy applies to Hantec's trading products, including currencies, metals, equities, and commodities. Similar moves have been made by other UK brokers like ICM.com and ActivTrades. This article was written by Tareq Sikder at www.financemagnates.com.

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NAGA Founder Is Building Crypto Startup Promising “A New Way of Trading”

Benjamin Bilski, the former CEO and founder of NAGA, is preparing to launch a new cryptocurrency trading platform. Following his departure from NAGA after its acquisition by CAPEX.com, Bilski is now eying the opportunities in the crypto landscape. Now, he believes he has identified a major inefficiency in the industry—one he claims could “change everything.” His LinkedIn post suggested that the new platform would address structural issues in market-making and liquidity provision.A Vision for Crypto Trading“After years in crypto (since 2014), scaling companies from scratch to IPO, and executing large-scale projects, I took a step back to assess the imbalances and opportunities in the space. And I found something truly exciting, a loophole that changes everything,” he wrote.Crypto traders have long expressed frustration with the dominance of centralized order book systems, which allow market makers to exert significant influence over prices.This issue was thrust into the spotlight recently when Binance took action against a market maker accused of price manipulation. Bilski’s project appears to be designed as an alternative to these traditional systems.Although details remain scarce, Bilski outlined several core features of his new venture. He emphasized democratized liquidity pools, an independent blockchain optimized for scale, social investing elements, and an AI-driven ecosystem tailored for traders. What the Project EntailsAdditionally, he assured followers that this wasn’t just another collection of “buzzwords” but rather a genuinely innovative approach to crypto trading.“In the past 18 months, I had the privilege of witnessing token launches with valuations reaching hundreds of millions, and even a billion dollars, traded by hundreds of thousands of people,” he said. “The scale, speed, and impact were nothing short of epic.”His post also served as an open call for investors, blockchain developers, and decentralized finance (DeFi) experts to join the initiative. While funding and an official launch timeline are yet to be confirmed, the project’s ambition has already caught the attention of the crypto community.Bilski’s planned trading platform could introduce a fundamental shift by moving away from traditional centralized market-making models; it may offer traders a more transparent and efficient experience. This article was written by Jared Kirui at www.financemagnates.com.

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Pepperstone Appoints FP Markets’ Kim Reilly as Head of Client Experience

Pepperstone appointed Kim Reilly as its new Head of Client Experience. Reilly, a seasoned executive in the FX and CFD trading industry, joins from FP Markets, where she played key roles in client relations and partnerships. Industry Expertise Brought to PepperstoneAccording to Reilly’s LinkedIn profile, her career in financial services spans major brokerage firms, including FP Markets, IC Markets, and FxPro. At FP Markets, she held several leadership roles in both Cyprus and London, overseeing partnerships, customer journeys, and quality assurance.She joined FP Markets as Head of Partnerships, served as the Head of Customer Journeys and Quality Assurance, and later as Learning and Development Manager. Reilly also worked for IC Markets as the Head of Partnerships and Client Relations. Previously, she held multiple roles at FxPro, including Client Relationship Manager, Client Relationship Supervisor, and Customer Support officer. Pepperstone’s decision to bring in Reilly reflects its commitment to improving client experience amid growing competition in the FX and CFD brokerage industry. Based in London, Reilly will focus on refining the company’s client service strategies and optimizing customer interactions. Her background in learning and development at FP Markets also suggests a strong emphasis on training and quality assurance within her new role.Pepperstone Expansion in Sport SponsorshipsMeanwhile, Pepperstone is boosting its presence in the sports sponsorship space. Early this year, the Melbourne-headquartered forex and CFDs broker announced the latest sponsorship deal with the Aston Martin Aramco Formula One Team, Finance Magnates reported."We are thrilled to work together and build a winning partnership that drives success both on and off the track," said Tamas Szabo, Group CEO at Pepperstone, adding, "We can't wait to celebrate this at the Australian Grand Prix in Melbourne, the first of the season and our home race."Pepperstone also announced a collaboration with the Ultimate Fighting Championship (UFC) in Asia last year, allowing the broker to become the UFC's Official Partner in Asia. This article was written by Jared Kirui at www.financemagnates.com.

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Binance, Trump, and Crypto: A Quiet Approach or Just Hype?

Binance, the world’s largest cryptocurrency exchange, reportedly engaged in discussions with the Trump family about a potential investment in its U.S. arm, according to the Wall Street Journal. But the exchange was quick to deny the allegations. The talks, as reported by the WSJ, highlighted Binance’s strategic efforts to re-enter the American market as President Donald Trump continues to strengthen his ties to the crypto industry.Engaging Trump’s Inner Circle?According to the report, Binance executives reached out to Trump’s allies last year, offering a business deal that could have included an investment stake for the former president’s family. The discussions were reportedly part of Binance's broader effort to re-establish its presence in the United States after regulatory setbacks forced it to distance itself from the country.A potential stake could have been acquired through World Liberty Financial, a crypto venture linked to the Trump family. The report said that real estate developer and Trump associate Steve Witkoff were allegedly involved in the negotiations. The report boosted the price of Binance native cryptocurrency BNB, which was up 3% on CoinMarketCap's daily chart, trading at $579 at the time of this publication. However, it remains unclear whether the deal was contingent on a presidential pardon for Binance founder Changpeng “CZ” Zhao, who stepped down as CEO in November 2023 after pleading guilty to violating U.S. anti-money laundering laws.4. Sorry to disappoint. The WSJ article got the facts wrong.More than 20 people have told me they were asked by the WSJ (and another media), "Can you confirm that CZ made some deal for a pardon?"They probably asked hundreds of people to have 20 people reach out to me. In… https://t.co/ELyDPmKD3G— CZ ? BNB (@cz_binance) March 13, 2025In addition to the alleged Binance talks, Trump’s family has launched cryptocurrency-related ventures, including meme coins, and holds a stake in World Liberty Financial.Zhao took to X (formerly Twitter) to dismiss the claims, stating, “I have had no discussions of a Binance US deal with … well, anyone.” The WSJ did not suggest that Zhao was personally involved in the negotiations, only that Binance executives pursued the talks.Binance Pushes Back on WSJ ReportWhile the truth of the matter is yet to be determined, the WSJ report sheds light on potential Binance’s engagement with Trump’s circle. Critical questions remain. Was the Trump family seriously considering a stake in Binance.US, or was the outreach merely exploratory? Regarding claims that he sought a pardon from Trump, Zhao responded ambiguously, neither confirming nor denying the request outright. He wrote, “No felon would mind a pardon, especially being the only one in U.S. history who was ever sentenced to prison for a single [Bank Secrecy Act] charge.” He also implied that the WSJ article was politically motivated, criticizing lingering regulatory hostility toward crypto. Despite its challenges, Binance continues to attract major institutional investors. This week, Abu Dhabi-based investment firm MGX announced a $2 billion investment in the exchange, signaling confidence in Binance’s long-term viability. This article was written by Jared Kirui at www.financemagnates.com.

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OneRoyal Joins the Financial Commission as Broker Member for Client Protection

The Financial Commission has officially approved OneRoyal as its newest member. The company's status as an Approved Broker Member took effect on March 12, 2025, following the acceptance of its membership application.Financial Commission Mediates Client DisputesAs a member, OneRoyal gains access to various services, including protection for clients' complaints of up to €20,000, backed by the Financial Commission’s Compensation Fund. The Financial Commission serves as an independent mediator for resolving disputes between brokers and their clients. It offers a more efficient alternative to traditional arbitration or court processes in the CFDs, forex, and cryptocurrency markets."The Financial Commission initially set out to provide a new approach for traders and brokers alike to resolve any issues that arise in the course of trading electronic markets such as Foreign Exchange, and then expanded into CFDs and related derivatives, in addition to certifying technology platforms used for trading," the Commission stated. OneRoyal Leverages Xcore Technology for TradingEstablished in 2006, OneRoyal offers trading services with advanced technology and competitive conditions. Its data centers in London and New York are powered by Xcore technology, enabling fast execution, low commissions, and spreads starting from 0 pips.OneRoyal's membership places it alongside other brokers and independent service providers using the Financial Commission’s dispute resolution services. Financial Commission Warns of Impersonation ScamEarlier, the Financial Commission updated its investigation into a scam involving individuals impersonating its representatives to deceive traders. These scammers target traders affected by fraudulent brokers, offering recovery services for a fee and using fake companies to issue guarantee letters, according to Finance Magnates.The Financial Commission has stated that it does not offer recovery services, initiate contact via cold emails, or issue letters of guarantee. Traders are advised to verify communication by checking the list of member brokers and using the official Dispute Resolution Form. Any unsolicited claims should be confirmed directly with The Financial Commission before disclosing personal information. This article was written by Tareq Sikder at www.financemagnates.com.

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Trustpilot’s Reputation Casino: Are Brokers and Props Playing or Getting Played?

Trustpilot abruptly wiped out over 1,300 reviews from the profile of prop firm Hola Prime, leaving just 49 behind, Finance Magnates reported exclusively last week. The reason? The firm had allegedly flooded the platform with fake reviews to boost its rating. While Hola Prime is just the latest to be exposed, the case highlights a much bigger issue: the booming black market for fake reviews in the trading industry. Read the exclusive story on Trustpilot’s action against Hola Prime: "Prop Firm Hola Prime Had 1,300+ Trustpilot Reviews Yesterday, but Only 49 Today. What Happened?"The Rush to "Excellence"One key reason for Trustpilot's trustworthiness in the trading industry - where trust is everything - is the ability of dissatisfied traders to leave feedback. If a broker delays withdrawals or a prop trading firm halts operations, the trader can leave negative feedback about them.Based on all positive and negative reviews, Trustpilot calculates the TrustScore. A five-star rating indicates the highest satisfaction level whereas a one-star rating shows the lowest level of dissatisfaction.Trustpilot emphasises that it is very strict about the genuineness of submitted reviews. According to the platform, every single review first goes through "specialist detection technology," which uses a combination of machine learning, AI, and data analysis to examine patterns associated with how it ends up on the platform and its relationship with other reviews and reviewers. It uses "hundreds of data points" for this analysis, which include IP addresses, user identifiers, device characteristics, location data, and timestamps.Trustpilot is very popular among traders, especially in the retail financial services industry, as they can share and see the real experiences of users on those platforms about trading conditions and withdrawals. This popularity has opened up massive opportunities for fake reviews. Brokerage giant eToro and prop trading firm The5ers, are just two popular brands that showcase their Trustpilot scores on the most prestigious location - their homepage - to assert trust among traders.The Opportunity with Fake ReviewsFake reviewers are swarming social media platforms, offering Trustpilot reviews and verified profiles. One such platform is Eazyviral.com. “We use a pool of 20,000 Trustpilot profiles, each created from unique devices and IP addresses of real users worldwide. This makes the reviews look organic,” an Eazyviral chatbot noted when replying to Finance Magnates’ queries.The fake review platform even offers strategically planned review posts upon request and can “spread out the reviews over time (e.g., 1-5 daily). This gradual approach mimics natural user behaviour.” The platform offers a single Trustpilot review for $10, but if bought in bulk, companies can receive up to a 46 per cent discount: the cost of 1,000 “five-star rating positive reviews” is $3,997, while 2,000 “five-star rating positive reviews” cost $7,500.Eazyviral is just one of many fake review providers available on the internet. Finance Magnates detected over a dozen platforms offering fake Trustpilot reviews, with names like Fuzz Business Reviews, Boosbe, Procraigslist, and Buy GMB Reviews.Many freelancers also advertise fake reviews on popular platforms like Fiverr and Upwork. Social media giants, including Facebook, Instagram, X and Telegram, have become hotspots for advertising fake reviewing services4️⃣ Can Review Platforms Be Trusted?Platforms like Trustpilot work to detect fake reviews, but the challenge is massive.Some firms may even pay for “reputation management” services that filter out negative feedback while pushing positive ones to the top.— Prop Firm Journal (@PropFirmJournal) March 11, 2025Cease and Desist Letters, Take Down NoticesTrustpilot claims that it has “zero tolerance toward fake reviews.” The open review platform allows both companies and users to flag potentially fake reviews.“Where we detect fake reviews, we’ll remove them and take action,” Trustpilot noted on its legal page. “If a business has a paid subscription with Trustpilot and continues to breach our guidelines after we’ve sent them a formal notice, we’ll terminate their subscription.”Trustpilot took action against Binance for fake reviews and temporarily disabled the crypto exchange's TrustScore, although its profile has now been restored. In another incident, the review platform suspended the prop firm Funding Pips’ profile, citing "an increase in reviews related to recent media attention," which allegedly resulted in an influx of biased reviews against the firm.Furthermore, Trustpilot has put up a "warning" label on the profile page of prop firm Blue Guardian and suspended the company's ratings. The actions against Blue Guardian are similar to those against Hola Prime.Trustpilot's actions are not limited to fake reviews but also extend to providers of fake reviews. According to numbers the company shared with Finance Magnates, it has identified and requested shutdowns for almost 5,000 (!) review seller sites or social profiles since July 2024. Out of those, over 250 were subsequently taken down."We condemn the trade in selling fake reviews, and when we’re made aware of review sellers, we investigate the site in question and decide what action to take," Trustpilot told us."That could involve sending them legal ‘cease and desist’ letters, court action, and issuing ‘take down’ notices to hosting providers to get these sites taken down."Eazyviral also considers the limitations of its services and adds: “While no service can provide a 100% guarantee against detection, our methods are designed to minimise risks and maintain the integrity of your page.”According to Trustpilot, it has a team of over 88 agents and legal experts to enforce its guidelines and has removed more than 3.3 million fake reviews in 2023 and 2.6 million in 2022. However, it is questionable how effective Trustpilot’s actions against such fake reviews are.The5ers, one of the top and most established prop trading firms, told Finance Magnates that Trustpilot changed its review-sharing process about a year ago, scrapping the verification process for authenticating reviewers."Probably a year ago, Trustpilot changed its model", said The5ers CEO, Saul Lokier. "Before, it was easier for companies to get information from the reviewer to verify the genuineness of the comments and take action. If we had shortcomings in customer support, we would have fixed them," "But then Trustpilot changed its model, and not knowing who is behind the review is very frustrating."Trustpilot’s process of addressing reviews flagged by verified platforms is slow. One prop firm confirmed to Finance Magnates that Trustpilot often takes more than a week to address flagged fake reviews and lacks transparency. Also, during that investigation process, the flagged reviews stay online. It is unclear how the review platform determines which flagged reviews to take down and which to keep.Trustpilot said that it has "teams of content integrity and fraud investigation specialists who work in tandem with our automated systems to ensure that reviews are as accurate and valuable as possible on the platform." However, due to the fake review issue, many companies also question the trustworthiness of Trustpilot."Trustpilot is not so trustworthy because many people can come there and give either a good or a bad review, and it's not necessarily an objective review," Lokier added.Do NOT trust your business on @Trustpilot! Despite countless attempts through their flagging procedures about a extremely damaging, slanderous review of our business from someone who clearly has the wrong company (not even in this country), they will not remove. TP is a disgrace— Ryan Taylor (@RyanMarkTaylor) March 10, 2025Attack with Negative ReviewsFake reviews do not always benefit prop firms. There have been multiple instances where prop trading platforms became targets of individuals and coordinated groups that posted negative reviews against them, often attempting to blackmail them.For prop trading firm Alpha Capital Group, Finance Magnates noticed a single person writing multiple negative reviews on Trustpilot. "We monitor all Trustpilot reviews and always work within the Trustpilot platform's processes," said George Kohler, Managing Director at Alpha Capital Group, a UK-based prop firm. "A previous issue was detected involving fake reviews instigated by a disgruntled customer, which we worked with Trustpilot to resolve.""We have faced these kinds of situations," confirmed Lokier, addressing the problem of targeted negative campaigns. "Suddenly, many comments come from one country or region at once. It is very frustrating that the Trustpilot algorithm allows such reviews in the first place."Pip Firm’s CEO, James Glyde, recently raised his voice on social media against a strategy used by some coordinated groups to exploit different prop platforms. The groups often blackmail prop firms if their payouts are rejected, threatening to post a barrage of negative reviews on Trustpilot and other social media platforms.Additionally, scammers have taken hold of Trustpilot and often target distressed reviewers. Last year, CySEC (the financial services regulator in Cyprus) issued a warning against fraudsters impersonating regulatory representatives on Trustpilot. These scammers fabricated posts by posing as users who purportedly reported incidents of financial distress, following which they claim that CySEC officers or representatives contacted them, demanding fees in exchange for facilitating the recovery of investment losses in companies regulated by CySEC."Industry-Wide Challenge"The problem of coordinated fake reviews is not limited to prop platforms; retail brokers also face it.EBC Financial Group’s Global Public Relations Lead, Douglas Chew, described it as an "industry-wide challenge" and said: "Negative campaigns can be coordinated efforts—it’s something brokers across the board have had to contend with."Jean Philippe, Board Advisor for Corporate Governance and Sustainability at Ultima Markets, also confirmed the issue of fake negative reviews: "Like many brokers, we’ve encountered situations where reviews don’t always reflect genuine trader experiences. While most feedback is honest, there have been cases where we’ve noticed patterns of misleading or coordinated reviews. When that happens, we follow Trustpilot’s guidelines to report anything that appears inaccurate."While EBC and Ultima Markets are relatively new brands in the CFDs trading industry, established broker TMGM has also witnessed Trustpilot review manipulation. TMGM’s Head of Partners, Daniel Kruger, said: "While we acknowledge some potential for review manipulation in our industry, we combat this through transparent communication and a genuine commitment to customer service."In the next article, we will discuss the great lengths to which brokers and prop firms go to maintain their Trustpilot ratings. This article was written by Arnab Shome at www.financemagnates.com.

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ForexEKO Reimagines Candlestick Trading for Gold Markets

ForexEKO, brings a structured, data-driven approach to candlestick trading, refining gold market strategies with precise pattern recognition and strategic execution. Candlestick patterns have long been a cornerstone of technical analysis, offering traders insights into market sentiment and potential price movements. However, manually identifying these formations can be time-consuming and prone to misinterpretation. ForexEKO bridges that gap, automating the detection of key formations while integrating a structured, rule-based approach to trade execution.Gold trading presents unique challenges, often reacting to macroeconomic forces, central bank policies, and market sentiment shifts. While traders have relied on candlestick structures like doji, hammers, and engulfing patterns for decades, interpreting them accurately in a fast-moving market requires precision. ForexEKO streamlines this process, recognizing valid trading signals and filtering out false patterns to help traders make more reliable, informed decisions.Merging Classic Techniques with Modern EfficiencyThe integration of price action analysis, momentum tracking, and risk management allows ForexEKO to read market conditions in real-time, identifying setups where candlestick formations align with strong trade confirmations. Most systems treat candlestick signals in isolation, overlooking key market contexts. ForexEKO factors in trends, momentum shifts, and historical data to ensure each trade setup aligns with real-time conditions.Traders often struggle with the subjectivity of manual pattern recognition, leading to inconsistent decision-making. ForexEKO solves this by ensuring every trade setup is backed by structured logic, applying stop-loss and take-profit parameters to enhance risk management. The system’s calculated approach provides traders with a methodical way to capitalize on gold price movements without the uncertainty of subjective analysis.ForexEKO reimagines traditional candlestick analysis by integrating automation, bringing a modern touch to a classic trading strategy. Traders no longer have to second-guess formations or spend hours manually analyzing charts. This solution refines decision-making and ensures that proven techniques are applied with precision.A Step Forward in Gold Trading AutomationAutomation alone doesn’t define the future of trading, precision does. ForexEKO transforms classic candlestick analysis into a structured, data-driven system that sharpens market interpretation and trade execution. As structured execution becomes essential, it refines gold trading by merging technical precision with proven candlestick strategies, giving traders at all levels a reliable edge.About ForexEKOForexEKO (https://forexeko.com/) is an Expert Advisor for MetaTrader 4, optimizing XAU/USD trading with advanced analysis and risk management. Designed for precision and consistency, it balances profitability with low drawdowns. This article was written by FM Contributors at www.financemagnates.com.

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Avexbot Brings Institutional-Grade AI Analytics to GBP/USD Trading

Avenix Fzco has launched Avexbot, an AI-enhanced trading system that introduces a precision-focused approach to GBP/USD trading by combining institutional-grade analytics with real-time market adaptability. Designed for traders who demand both speed and accuracy, Avexbot processes high-quality tick data, analyzes daily candlestick trends, and adjusts its execution strategy in real time, bridging the gap between algorithmic efficiency and strategic insight.Successful forex trading isn’t just about spotting price moves; it’s about understanding the patterns behind them. Avexbot’s AI-driven analysis dissects market behavior across multiple timeframes, filtering market noise and false signals to provide traders with structured, data-backed decisions. The system continuously refines entry and exit points based on evolving market trends.​AI-Driven Precision for GBP/USD TradersTrading GBP/USD means navigating frequent price swings, central bank influences, and institutional order flows. Most automated systems get caught in short-term fluctuations, often executing trades without accounting for the broader market picture. Avexbot’s intelligent AI framework goes deeper, processing vast amounts of tick data to detect market shifts before they fully form.This AI-driven approach doesn’t just follow price action, it evaluates liquidity zones, momentum changes, and volatility patterns, ensuring that each trade aligns with real-time market conditions rather than outdated signals.Avexbot delivers institutional-grade AI analytics to GBP/USD trading, processing high-quality tick data to provide daily candlestick insights. The goal is to bring the same level of precision used by institutions to everyday traders, allowing them to trade with confidence and clarity.Smart Automation Meets Strategic ControlAI is redefining financial markets, pushing traders beyond basic automation. As demand grows for intelligent tools that refine trading strategies while maintaining user control, Avexbot delivers on this demand, balancing automation with trader oversight through customizable risk management settings, dynamic stop-loss adjustments, and strategy fine-tuning.This system isn’t about chasing every price move, it’s about strategic positioning. By incorporating AI-backed decision-making into a rule-based execution model, Avexbot helps traders navigate GBP/USD’s volatility with greater discipline and precision.Markets move fast, and traders need more than just automation. They need a system that thinks ahead. Avexbot cuts through the noise, analyzing GBP/USD with the same depth and precision as institutional traders, turning complexity into opportunity.About AvexbotAvexbot (https://avexbot.com/) is dedicated to providing innovative trading solutions, combining advanced algorithms with expert market insights to enhance forex trading efficiency. Designed for both novice and experienced traders, its expert advisors (EAs) streamline decision-making and maximize profitability. This article was written by FM Contributors at www.financemagnates.com.

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iSAM Securities UK Unit’s Turnover Falls to £27M in 2024, but Profit Rises 55%

iSAM Securities (UK) Limited reported a total turnover of £27.04 million for the financial year ending 30 June 2024, reflecting a decline from £31.62 million in the previous year. Despite lower revenue, administrative expenses saw a slight reduction, standing at £28.31 million compared to £31.44 million in 2023.Operating Loss Offset by Increased Income"The Board of Directors has conducted a comprehensive review of the company's financial position, performance, prospects and current geopolitical conflicts as part of its assessment of the going concern assumption for the preparation of the financial statements," the firm stated in company filing. The company reported an operating loss of £1.27 million, a significant decline from the £176,144 profit in the previous year. However, the firm benefited from a substantial increase in other income, which rose to £6.39 million from £3.88 million, alongside interest income nearly doubling to £7.69 million from £3.60 million.Board Confirms Adequate Resources for OperationsThese additional income streams led to a pre-tax profit of £12.81 million, improving from £7.65 million in 2023. However, taxation expenses nearly doubled to £3.18 million from £1.44 million, resulting in a post-tax profit of £9.63 million, up from £6.21 million in the prior year.No other comprehensive income was reported, making the total comprehensive income for the year £9.63 million, marking a 55% increase from the previous year."Based on the current economic environment, market conditions and liquidity forecasts, the Board has concluded that the company has adequate resources to continue its operations for the foreseeable future, defined as at least 12 months from the date of approval of the financial statements," the firm added. iSAM Securities Promotes New Leaders to Key RolesMeanwhile, iSAM Securities has promoted Barry Flanigan to Head of Asia Pacific. He will manage operations in the region, focusing on growth, client engagement, and expanding services. Flanigan has been with iSAM for over nine years, most recently as Head of Electronic Trading, and has held various other positions since joining in 2009.iSAM has also promoted James Wale to Head of Leveraged Sales EMEA. With 15+ years in institutional sales, Wale has spent over seven years at iSAM, demonstrating strong leadership. In his new role, he will lead the EMEA Sales team and manage the sales strategy. This article was written by Tareq Sikder at www.financemagnates.com.

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Kama Capital Enhances Trader Engagement with Performance-Based Loyalty Program

Kama Capital has launched a new loyalty program aimed at providing traders with structured rewards designed to enhance their trading experience. The program offers a range of incentives based on trading activity, distinguishing itself from traditional brokerage models that primarily focus on fees and retention strategies.A New Approach to Trader RewardsUnlike conventional brokerage loyalty programs that often center on deposit-based incentives, Kama Capital’s program is structured to offer traders tangible benefits at various stages of their trading journey.“Our Loyalty Program is an extension of our mission—to provide traders with meaningful rewards that contribute to their long-term success,” said Razan Assaf, Deputy CEO of Kama Capital. “We have developed a model that prioritizes traders by offering real benefits rather than promotional incentives.”Program HighlightsThe Kama Capital Loyalty Program offers multiple incentives, including:· Welcome Bonus ($10): Traders who complete KYC verification receive a starting bonus to begin trading.· First Deposit Bonus (10% up to $100): New traders can receive additional capital when funding their accounts.· Volume-Based Rewards: Traders earn rewards based on their trading activity.· Monthly Challenges: Additional incentives are available for top-performing traders who achieve key milestones in profitability and engagement.Elena Kupriianova, Chief Marketing Officer at Kama Capital, emphasized the program’s focus on long-term trader engagement. “This initiative ensures that traders are recognized and rewarded for their continued activity in the market.”Supporting Trader GrowthKama Capital’s approach aims to provide traders with incentives that align with their trading objectives. “Loyalty programs should offer meaningful value rather than just encourage deposits,” said Basem Elhelaly, Customer Support Manager. “Our goal is to create an environment where traders feel supported and in control of their growth.”By integrating structured rewards with trading performance, Kama Capital seeks to offer a program that enhances trader engagement while maintaining transparency and value.About Kama CapitalKama Capital (https://kama-capital.com) is a financial services provider specializing in trading solutions that cater to a diverse range of market participants. The company focuses on offering a flexible and transparent trading environment, providing tools and resources designed to support traders in navigating global financial markets. With a commitment to innovation and trader empowerment, Kama Capital aims to enhance the trading experience through technology-driven solutions and customer-centric initiatives. This article was written by FM Contributors at www.financemagnates.com.

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Why is Tesla Stock Up Today? Lower US Inflation Influences NASDAQ 100 and TSLA Price

Tesla (NASDAQ: TSLA) stock climbed more than 7% on Wednesday, leading a rally in technology stocks after U.S. inflation data came in below expectations, soothing concerns over escalating tariffs and lifting broader market indices. The unexpectedly soft inflation figures—showing a 0.2% month-over-month increase in February against a forecasted 0.3%, with the annual rate easing to 2.8%—shifted market sentiment away from fears of aggressive Federal Reserve tightening. This development, coupled with reduced anxiety over proposed U.S. tariffs, fueled gains across the technology sector, with Tesla, Nvidia Corp., and Meta Platforms Inc. posting significant advances.CPI Data Signals Relief Amid Tariff UncertaintyThe Bureau of Labor Statistics’ (BLS) CPI report, a closely watched gauge of U.S. price pressures, underscored a cooling inflationary trend that caught markets off guard. Economists surveyed by Bloomberg had anticipated a 0.3% monthly rise, and the shortfall prompted a reassessment of monetary policy expectations. Annual core CPI, excluding volatile food and energy prices, held steady at 3.2%, further alleviating concerns that inflation could spiral higher amid ongoing tariff debates.The data arrived against a backdrop of heightened market focus on U.S. trade policy. President Donald Trump’s administration has floated tariffs of 25% on imports from Canada and Mexico and 10% on goods from China, measures Goldman Sachs analysts estimate could lift core U.S. prices by 0.7% if fully enacted.Tech Stocks Lead Broad Market GainsThe S&P 500 rose 0.5% to close at 5,980.12, while the Nasdaq Composite gained 1.2%, ending the session at 19,245.67, as investors pivoted toward growth-oriented sectors following the CPI report released on March 12.The S&P 500 and Nasdaq outperformed as investors rotated into technology stocks, a sector sensitive to interest rate expectations and macroeconomic shifts. Tesla’s 7.4% gain—closing at $248.09—outpaced the broader indices, while Nvidia rose 6.4% and Meta advanced 2.1%. The rally marked a reversal from earlier 2025 weakness, when tariff uncertainties and a 38% year-to-date drop had pressured Tesla’s valuation.Analysts attributed the tech sector’s strength to the CPI data’s implications for monetary policy. Lower inflation reduces the likelihood of sustained high interest rates, a scenario that enhances the present value of future cash flows for growth companies.According to Dr. Kirill Kretov, Trading Automation Expert at CoinPanel, a lower-than-expected inflation reading typically has a positive impact on riskier assets, including stocks and cryptocurrencies: "A shift toward easing could lower borrowing costs, increase liquidity, and boost investor risk appetite—potentially benefiting Bitcoin" and technology shares. "However, this bullish outlook comes with caveats: rate cuts depend on economic conditions, and weaker inflation driven by slowing demand may dampen risk-taking," warns Kretov.Why Is Tesla Stock Surging? A Mix of Macro and Micro DriversWhile the CPI data provided the macroeconomic spark, Tesla’s performance was bolstered by company-specific factors. Morgan Stanley raised its price target on the stock to $250 from $230, citing optimism around Tesla’s planned robotaxi unveiling in mid-2025 and its advancements in artificial intelligence.BREAKING:MORGAN STANLEY REITERATES $800 BULL CASE FOR $TSLA IN THE NEXT 12 MONTHSWe are going to Mars! ? pic.twitter.com/6fT4nljDaQ— Dalton Brewer (@daltybrewer) March 12, 2025The interplay between macro relief and micro catalysts amplified Tesla’s gains. The company’s global operations, which span manufacturing facilities in China and the U.S., had faced scrutiny over potential tariff-related cost increases. Wednesday’s CPI report suggested that such pressures might not materialize as acutely as feared, supporting Tesla’s cost structure and profitability outlook.Retail Investors Amplify Tesla MovesRetail investors, a significant force in Tesla’s shareholder base, contributed to the stock’s momentum. Data from JPMorgan Chase & Co. indicates that individual traders account for roughly 30% of Tesla’s float in 2025, a cohort known for rapid responses to market-moving news. The stock’s volatility has long attracted retail participation, with Tesla enduring a 38% decline earlier this year before rebounding sharply in recent sessions. Wednesday’s surge rewarded investors who had viewed the dip as a buying opportunity, aligning with a broader trend of retail interest in technology stocks during market upswings. This article was written by Damian Chmiel at www.financemagnates.com.

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Devexperts Wants You to Forget Discord and Telegram – Choose Devexa Chat Instead

Devexperts has unveiled a new community feature for its AI trading assistant Devexa, enabling brokers to host secure social environments where traders can interact without leaving their trading platforms. The feature aims to keep traders engaged within brokers' ecosystems rather than migrating to external platforms like Discord or Telegram for market discussions.Forget Telegram and Discord – Trade and Chat in One PlaceThe new functionality allows traders to exchange investment ideas and discuss market movements in a controlled environment verified by their broker, addressing security concerns common on third-party communication platforms.This move is a clear attempt to keep traders directly on the platform and take a share of the massive market dominated by popular communication apps, which bring together hundreds of thousands, if not millions, of investment enthusiasts."Devexa's new community feature will enable brokers to provide traders with the opportunity for interaction and community-building they seek, with a number of key advantages," said Jon Light, Head of OTC Platform at Devexperts. "The safety of interactions is amplified for those using the Devexa community feature, compared to other popular communication platforms."According to Devexperts, Devexa's community feature creates a secure space exclusively for a broker's clients. Traders can share insights through multiple formats including voice messages, videos, PDFs, and text.Will Prop Firms Replace Discord with Devex?Devexperts claims prop firms can leverage the new tool for enhanced team collaboration with dedicated strategy rooms.The prop trading industry is dominated by Discord—every company in this sector has its own Discord channel, where it officially communicates with clients. Devexperts, whose DXtrade gained significant popularity in the prop industry last year, now aims to offer an alternative solution. The question remains, however, whether it can succeed in challenging the dominant player.Keep Your Traders EngagedMoreover, the company calls public forums dangerous, highlighting that they are full of "scammers, competitors, and unverified users" who can influence the quality and direction of trading discussions. Importantly, there is some truth to this. Telegram, along with WhatsApp, tops the list of apps where traders most frequently lose money due to scams. A joint survey by Finance Magnates and FXStreet a year ago revealed that this issue affects as many as 60% of traders using these platforms.For brokerages, the tool offers retention benefits by keeping users engaged within their platforms rather than losing their attention to external social sites. The feature also enables compliance monitoring of discussions, something brokers cannot achieve when clients use third-party platforms.Beyond basic communication capabilities, brokers can implement specialized engagement tools through Devexa including real-time event threads, collaborative analysis sessions, live Q&A breakouts, and community competitions. Devexperts, founded in 2002, develops software for financial markets with its flagship DXtrade platform serving various financial institutions. The company employs over 800 engineers across offices in the US, Europe, and Asia. This article was written by Damian Chmiel at www.financemagnates.com.

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