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cTrader Mobile App Launches Signal Link Sharing Feature

Spotware Systems, a leading fintech company, has recently upgraded its cTrader mobile application for iOS devices, unveiling a new feature that enhances user connectivity and functionality. The latest update, cTrader Mobile 4.8, now includes the ability for users to share their trading orders and positions through signal links, complete with enhanced snippets for improved clarity and communication.

This innovative feature is part of a broader effort to enhance the user experience on the cTrader platform, making it easier for traders to share and discuss their trading strategies and insights with others. Accessible through the main menu under the “Manage Profile” section, users can now create and customize their user profiles. This addition allows for the addition of profile and cover images, along with the ability to provide personal and contact information.

In an effort to further personalize the trading experience, the app now includes an account overview slider that displays credit provided by brokers, enhancing the financial management capabilities of users directly within the app.

cTrader continues to position itself as a premium mobile trading platform, offering users the ability to buy and sell a wide range of global assets including Forex, Metals, Oil, Indices, Stocks, and ETFs. The app supports login via Apple, Facebook, and Google accounts, or a cTrader ID, ensuring a seamless and secure entry into the trading environment.

The cTrader Mobile 4.8 update also maintains its comprehensive range of features such as a variety of Order Types, advanced Technical Analysis tools, Price Alerts, Trade Statistics, Advanced Order Management settings, and Symbol Watchlists. These features, coupled with the new signal link sharing capability, reinforce cTrader’s commitment to providing a robust and user-friendly mobile trading experience, tailored to the needs of traders on the go.

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ATFX Hires Graham Morris as New Head of Compliance in Australia

In a significant addition to its leadership team, ATFX, a foremost multi-asset broker operating globally, is pleased to announce the appointment of Graham Morris as the new Head of Compliance for its Australian division. This strategic hire underscores ATFX’s commitment to enhancing its regulatory compliance and fortifying its position in the Australian financial marketplace.

Graham Morris joins ATFX with a distinguished career in compliance, having previously held pivotal roles at renowned financial institutions such as Deutsche Bank, MF Global, and OANDA.

His track record is marked by noteworthy accomplishments, including the establishment of corporate entities in the British Virgin Islands and the provision of superior services in emerging markets. Morris’s ability to adeptly manage complex regulatory requirements and foster strong relationships with both regulators and clients is expected to be a key asset to ATFX.

In his new role, Morris will lead the development and implementation of comprehensive compliance strategies that align with local regulations and meet Australia’s rigorous regulatory standards. He will be responsible for overseeing the compliance of business segments and internal processes, as well as strategizing on client acquisition.

“I am thrilled to join ATFX’s Australian team during such a dynamic phase of growth for the company. I look forward to applying my broad experience to further elevate our service offerings,” stated Graham Morris regarding his new position.

ATFX has warmly welcomed Morris to the team, highlighting his extensive knowledge in financial market trading and global capital market regulations as critical to the company’s growth strategy in Australia. His addition to the leadership team, alongside Simon Naish, ATFX’s group head in Australia, represents another step in ATFX’s ongoing effort to assemble a premier team of professionals dedicated to providing exceptional service.

The appointment is part of ATFX’s broader strategy to attract top-tier talent and expand its global footprint. It follows other recent key appointments, including Drew Niv as Chief Strategic Officer, Linton White as Regional Head for ATFX Africa, Hormoz Faryar as Managing Director of Institutional Sales, and Aditya Singh as Business Development Director International for ATFX MENA.

ATFX remains committed to investing in high-caliber talent, technological advancements, and infrastructural improvements to enhance its market competitiveness and fulfill its mission of delivering superior trading experiences worldwide.

About ATFX:

ATFX is a leading global fintech broker, offering services in 22 locations worldwide, with regulatory licenses from prestigious bodies including the UK’s FCA, Cyprus’ CySEC, UAE’s SCA, Australia’s ASIC, and South Africa’s FSCA. Known for its commitment to customer satisfaction, cutting-edge technology, and adherence to strict regulatory standards, ATFX provides unparalleled trading experiences to a global clientele.

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Dukascopy Issues Warning Over Clone Website Attempting to Scam Investors

Dukascopy

Switzerland’s renowned forex bank and broker, Dukascopy, has issued a stark warning to investors and the market at large regarding a fraudulent website attempting to impersonate its brand. The clone website, identified as duukascoppy.com, aims to deceive individuals into parting with their money under the guise of being associated with the legitimate financial institution.

Dukascopy has firmly stated that it has no connection with the aforementioned domain and strongly advises against any interaction with it. The brokerage, like many others in the FX industry, has been targeted by scammers before but emphasizes that it does not engage in cold calling or unsolicited invitations to invest.

In a public statement, Dukascopy alerted its clients and the broader community: “Please be aware that this website is not controlled and does not belong to Dukascopy Bank, Dukascopy Europe, Dukascopy Japan, or any other entity of the Dukascopy Group. Do not trust any information to be found on the website. Do not provide any personal data on this website. We are taking action against this fraudulent webpage.”

This warning comes amidst a growing trend of ‘clone firm’ investment scams, with the UK reporting over £78 million lost to such schemes. Fraudsters have been leveraging sophisticated tactics, including professional-looking websites and targeted social media campaigns, to lure investors into scams involving shares, bonds, foreign exchange, and cryptocurrencies.

Scammers have increasingly exploited the names and branding of legitimate, regulated companies, even going so far as to clone official websites. They contact potential victims under the guise of reputable firms, often using the names of real employees and creating legitimate-looking company email addresses with minor alterations to deceive even the most discerning investors.

The focus on Dukascopy’s cryptocurrency business by clone firm scammers highlights the heightened vulnerability of investors during the pandemic, driven by concerns over personal finance. In response, Dukascopy has been actively enhancing its cryptocurrency offerings, including facilitating deposits and withdrawals in digital currencies and free internal crypto transfers among users of its mobile banking services, as part of its strategy to provide secure and innovative financial solutions.

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Zoltan Nemeth Appointed as Head of Growth at ZuluTrade

In a strategic move within the forex industry, Zoltan Nemeth has taken on a new role as Head of Growth at the innovative social and copy trading platform, ZuluTrade. This appointment follows his notable tenure at Swissquote Cyprus, part of the Swissquote Group (SWX:SQN), where he served as Chief Operating Officer and spearheaded operations and sales for the company’s EU retail business.

ZuluTrade

Nemeth, whose career spans across several prestigious positions within the forex sector, brings a wealth of experience to ZuluTrade. Before his impactful role at Swissquote Cyprus starting in early 2022, he held significant leadership positions at Orbex, where he was the Head Of Global Sales and Head Of Global Business Development.

His extensive background also includes senior sales roles at other well-known brokerage firms, including TeleTrade, eToro, and IronFX, marking him as a veteran with a comprehensive understanding of the global forex market and its dynamics.

ZuluTrade, renowned for its pioneering approach in social and copy trading, became part of the Finvasia Group in 2021. Finvasia, which also owns Retail FX and CFDs brokers AAAFx and Fxview, along with trading platform provider ActTrader, is under the leadership of brothers Sarvjeet Singh Virk and Tajinder Virk. The acquisition by Finvasia has poised ZuluTrade for further innovation and expansion in the trading world.

Nemeth’s move to ZuluTrade as Head of Growth signifies a significant step for the company as it aims to solidify and expand its presence in the forex industry.

With his track record of leading successful teams and driving growth, Nemeth’s expertise is expected to propel ZuluTrade’s offerings to new heights, enhancing its position as a leading platform for social and copy trading. As he continues to be based out of Cyprus, Nemeth’s strategic vision will play a crucial role in advancing ZuluTrade’s mission to democratize trading by making it more accessible and user-friendly for traders around the globe.

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MetaTrader Apps Face Ban in Indian Google Play Store Amid Regulatory Crackdown

MetaQuotes, the company behind the widely-used trading applications MetaTrader 4 (MT4) and MetaTrader 5 (MT5), faces a significant setback in India as its mobile platforms are removed from the Google Play Store, affecting a substantial portion of the global investor community.

MetaTrader

India, home to one-fifth of the world’s retail investors, has seen these applications blocked due to regulatory actions against unregulated FX trading within the country.

The blockage was first brought to light by the Forex Salary channel on YouTube, which has a subscriber base of 120,000, predominantly Indian users. The channel revealed that MT4 and MT5 were no longer available in the Indian version of the Android app store. This development poses a considerable challenge for the local investment sector, given that Android devices account for 95% of the market share in India.

The exact reasons behind the apps’ removal are not transparent, but it appears to be linked to the Indian government and the Reserve Bank of India’s (RBI) stringent stance against unregulated brokerage activities. Throughout 2023, both entities have issued warnings about the risks associated with unregulated brokers, emphasizing the speculative and risky nature of retail FX trading, which they equate to gambling.

In a significant move in November 2023, the RBI updated its list of “illegal” FX trading platforms, flagging popular international brands and bringing the total count to 75. Officials have indicated an increase in scrutiny over forex transactions on non-authorized platforms, emphasizing the importance of strict adherence to Know Your Customer (KYC) norms.

This is not the first time MetaQuotes has encountered issues with app stores. In September 2022, a similar ban was imposed on MT4 and MT5 apps in Apple’s App Store globally, with the ban lifted after nearly six months following extensive negotiations. MetaQuotes successfully demonstrated compliance with Apple’s requirements, leading to the reinstatement of its apps.

The situation in India, however, may present unique challenges due to the regulatory pressures from local authorities. It remains uncertain if MetaQuotes can navigate through this regulatory landscape as successfully as it did with Apple.

Additionally, MetaQuotes has been active in regulating prop trading firms globally, including a recent crackdown leading to the suspension of services for Funding Pips by Blackbull Markets. This action has prompted prop firms to seek alternatives to MetaTrader platforms, highlighting the shifting dynamics in the trading industry.

As the situation unfolds, the industry watches closely to see how MetaQuotes and the Indian investment community adapt to these significant regulatory challenges.

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Valutrades Announces Departure of CFO Liam Bonfield After Significant Contributions

Valutrades, a prominent Retail FX and CFDs broker based in London, has announced the departure of its Chief Financial Officer (CFO), Liam Bonfield, marking the end of an influential eight-year tenure. Bonfield, who joined the Valutrades team in 2016, has been a pivotal figure in the company’s financial management and strategic planning.

valutrades

Prior to his role at Valutrades, Liam Bonfield brought with him a wealth of experience from previous positions at GMO Z.com and London Capital Group, significantly contributing to the growth and development of Valutrades over the years.

Graeme Watkins, CEO of Valutrades, expressed his gratitude towards Bonfield, stating, “We would like to thank Liam for all his efforts at Valutrades. We would not have been able to have achieved everything we have done without him and wish him all the best on his future endeavours.” This sentiment reflects the high regard in which Bonfield is held within the company and the industry at large.

In response, Liam Bonfield shared his appreciation for the support he received during his time at Valutrades. He said, “I would like to thank the board and shareholders for all of their support during my 8 years as CFO of Valutrades Limited. I have thoroughly enjoyed working with some talented people over the years. With the recent investments in the new technology stack, I have every confidence in the future success of the business and I wish the team the very best for the future.”

Valutrades, which has been under the leadership of CEO Graeme Watkins since 2015, is regulated by the Financial Conduct Authority (FCA) in the UK. The broker has recently undergone a rebranding in 2023 following a year of strong financial performance.

In its most recent fiscal year (2022), Valutrades reported a 47% increase in revenues, reaching £6.5 million, and a net profit of £735K. The company’s success is attributed to its innovative approach and the significant investments in technology, alongside the strategic leadership of individuals like Bonfield.

Owned by Indonesian investors Aman Lakhiani and Anil Bahirwani, Valutrades is poised for continued success and growth in the competitive world of online brokerage. As the company bids farewell to a key member of its executive team, it remains committed to building on the solid foundation laid during Bonfield’s tenure, aiming to achieve new heights in the future.

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ATFX Announces Strategic Rebranding with Acquisition of Rakuten Securities Australia

In a significant development in the financial industry, ATFX has officially announced the completion of its acquisition and subsequent name change of Rakuten Securities Australia Pty Ltd. Effective immediately, the entity will operate under the new name AT Global Markets (Australia) Pty Ltd, adopting the brand names “ATFX” for its retail client services and “ATFX Connect” for institutional client services across the Asia-Pacific region.

ATFX

The acquisition, completed in mid-2023, marks a pivotal step in ATFX’s strategy to enhance and unify its global brand presence. ATFX, renowned for its innovative technology, comprehensive product offerings, and strict regulatory compliance, is set to continue this legacy under its new Australian brand.

Gerald Segal reported on January 23, 2024, that ATFX has ambitious plans for the near future, including relocating to a larger office in Sydney during the second quarter of the year. This move symbolizes the company’s growth trajectory and its dedication to providing an unparalleled trading experience to its clients.

Furthermore, ATFX is committed to elevating its client service standards. Investments are being made to upgrade the client portal and server infrastructure and to introduce an automatic KYC client onboarding system. These enhancements aim to create a more streamlined, efficient, and user-friendly trading environment for all ATFX clients. Access to a broad array of trading tools, educational resources, and customer support is expected to be significantly improved, reinforcing ATFX’s pledge to deliver an exceptional customer experience.

ATFX’s rebranding and the introduction of new technologies and services underscore its position as a formidable force in the financial sector. With a focus on AI-driven projects and a broad product portfolio, ATFX demonstrates its ongoing commitment to innovation, regulatory compliance, and the provision of superior services to both retail and institutional clients.

This strategic rebranding and the series of planned improvements highlight ATFX’s dedication to not only expanding its market presence but also enhancing the quality of services provided to its clientele, setting a new benchmark for excellence in the global trading industry.

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Oleg Mukhanov Appointed as New CEO of TradingView

In a significant executive shift, London-based TradingView, known for its advanced charting software and solutions, has announced a change in its leadership. Effective immediately, Oleg Mukhanov has been named the new CEO of TradingView, taking the reins from Denis Globa, who co-founded the company in 2011.

TradingView

Mukhanov, who joined TradingView in 2022 as Chief Financial Officer (CFO), brings a wealth of experience from his previous roles. Before his tenure at TradingView, he was deeply involved in the venture capital sector, serving as a Partner and COO/CFO of Enso Ventures. This followed a notable six-year career in investment banking at UBS.

The outgoing CEO, Denis Globa, leaves behind a robust legacy at TradingView, having co-founded the company alongside Konstantin Ivanov (former CTO) and Stan Bokov (former COO, now Chief Strategy Officer). Despite stepping down as CEO, Globa remains a co-controlling shareholder of the company.

In a statement posted on social media, Oleg Mukhanov expressed his enthusiasm and humility in stepping into the CEO role: “I am excited and humbled to take over as the Chief Executive Officer at TradingView. I am looking forward to the challenge of taking this amazing company and all those people who made it such to new heights!”

TradingView, a platform renowned for its charting capabilities, also functions as a social network for traders and investors. With a user base exceeding 50 million worldwide, it plays a crucial role in identifying opportunities across global markets. The company’s solutions are employed by a multitude of FX and CFD industry providers, including FP Markets, Match-Trader, and Pepperstone.

Mukhanov’s appointment as CEO marks a new chapter for TradingView, signaling a continued commitment to innovation and excellence in the financial technology sector. His diverse background and experience in both the venture capital and investment banking arenas position him uniquely to lead TradingView’s expansion and adaptation in the rapidly evolving market landscape.

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Vantage Unveils the Second Episode of “The Vantage View”

In a significant step towards fostering sustainable economic practices, Vantage, a leading multi-asset broker, has released the second episode of its innovative video series, “The Vantage View.” This episode takes a deep dive into the concept of the circular economy, a pivotal topic reshaping the contours of global economics.

The Vantage View

“The Vantage View” is rapidly gaining recognition for its insightful exploration of cutting-edge trends and thought-provoking subjects that are steering economic transformations. This initiative is bolstered by the research and expertise of Bloomberg Media Studios, lending it substantial credence and depth. Read our review of Vantage broker

Featuring prominently in this new episode is Dr. Seeram Ramakrishna, Professor and Director of the Centre for Nanotechnology and Sustainability at the National University of Singapore. Dr. Ramakrishna provides a compelling contrast between the traditional linear economy, which underpins our modern economic framework, and the circular economy, which offers enhanced benefits to society.

The episode takes viewers on a journey through Dr. Ramakrishna’s insights, revealing why financial sector companies are increasingly incorporating circular practices. These strategies not only diversify and mitigate risks but also open avenues for retail investors to contribute meaningfully to the circular economy, maximizing the impact of their investments.

Marc Despallieres, Chief Strategy & Trading Officer at Vantage, emphasizes the alignment of these concepts with Vantage’s own ESG (Environmental, Social, and Governance) journey. “The circular economy presents a sustainable alternative to traditional business models. This harmonizes with our initiatives, including our support for UNHCR and the Vantage Foundation,” says Despallieres.

He further notes the broader implications of embracing circular economies: reducing dependence on finite resources, safeguarding against supply chain vulnerabilities, and generating new employment opportunities. Vantage aims to inspire consumers to make eco-conscious choices in their daily lives, driving a shift towards sustainability.

The launch of this episode of “The Vantage View” marks a crucial step in Vantage’s commitment to promoting sustainable economic practices and serves as an educational resource for both industry professionals and the general public. The series continues to be a platform for thought leadership in the rapidly evolving economic landscape.

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INFINOX Appoints Robert Collins as Head of Trading

INFINOX, a prominent CFD trading solutions provider, has recently announced the strategic appointment of Robert Collins as the new Head of Trading. Collins, who will be based in the London office, is set to lead the broker’s global trading team, focusing on delivering superior pricing and efficient trade execution models.

INFINOX

With an extensive background in trading and technology, Robert Collins is recognized for his tenure at IG, where he significantly developed his expertise. His understanding of technology, quantitative, and algorithmic trading aspects is particularly notable.

Collins has also held key trading positions at several firms, including Valutrades, ThinkMarkets, and Intertrader, culminating in his recent role as Head of Trading at Eurotrader.

Jay Mawji, Managing Director at INFINOX, expressed enthusiasm about Collins’ joining: “We are thrilled to welcome Robert to the INFINOX team. His proven track record and deep knowledge in quantitative and algorithmic disciplines are pivotal to leading INFINOX’s strategic initiatives in competitive pricing and execution.”

Beyond his technical proficiency, Robert Collins is renowned for his collaborative leadership and dedication to fostering strong relationships with clients and colleagues. His experience working with FCA and CySEC regulated brokers has equipped him with a comprehensive understanding of the regulatory landscape and global market dynamics.

Commenting on his new role, Robert Collins said, “I am excited to join INFINOX at this crucial stage of its growth. The company’s focus on client-centricity and adherence to top-notch trading experience are impressive. I am eager to contribute to enhancing our trading services, optimizing pricing and execution strategies, and delivering exceptional value to our clients.”

Robert Collins’ appointment is a significant milestone for INFINOX, reinforcing its dedication to offering unparalleled service and expertise in the CFD trading industry. Under his leadership, the broker is poised to reinforce its position as a leading entity in the global CFD trading market.

About INFINOX

Established in 2009, INFINOX is a globally recognized, multi-regulated online trading provider with operations in 15 countries. Known for its integrity and trustworthiness, the broker serves a diverse international client base, facilitating trading in various asset classes including forex, equities, commodities, and crypto CFDs.

The company is committed to providing personalized customer service and offers a wide range of trading platforms, such as MetaTrader 4 and MetaTrader 5, IX Social for copy trading, and the customizable IX One platform, catering to traders of all experience levels.