Stockbrokers
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Social trading has recently become increasingly popular on financial markets. Pavel Salas, Regional Director of eToro in Russia and the CIS, will talk about how to conduct transactions in an investment social network and make a profit in the process. - Pavel, hello. Tell us a little bit about yourself. How did you come to know about trading on financial markets? - Hello Yulia. It all started in 2007 when a friend of mine got a job at IFC Markets in customer support. He told me about Forex market. I got interested. At first I traded on demo-account, then I opened a real account, but soon I realized that I lacked...
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Today's traders are hard to please. They are sophisticated traders, pampered with technology and demanding of trading conditions. They want perfect execution, high resiliency, attractive spreads and transparent pricing. That is why it is so important for a broker to build a competent scheme of work with clients' orders and choose reliable liquidity providers. In this context, DMA liquidity gives a broker an advantage, which will help him to outbid the competition and gain the trust of his clients. What is DMA liquidity? The main advantage of the DMA technology (Direct Market Access) is the direct market access: all orders are routed directly to the liquidity providers, without the intervention of a broker. DMA orders are sent directly to the exchange, bypassing the brokerage company, increasing the speed of...
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Today the director of Grand Capital, a company that recently celebrated its tenth anniversary, is our guest at the editorial board of the magazine. Let's talk to Stanislav Vaneev about what has changed over these years in the company and on the market in general. - Hello, Stanislav. This year Grand Capital is celebrating its 10th anniversary. Tell us how it all started for you? How did you get acquainted with the Forex market? - Everything started in my student years when I lived in St.Petersburg and studied at the University of Architecture and Construction. Of course, I did not have enough money, so I had to find additional ways to earn money and that is how I came into contact with currency speculation. Since then I have been working with currency and helping others make money...
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Bonus promotions from brokers and dealing centers have long been a common attribute of working on the market and are often decisive factors when choosing a company or determining the amount to be credited to a trading account. But very often received bonuses turn against the client and instead of increasing his profit only speed up the process of deposit's nullification. How to understand when bonus from broker is just a marketing tool and really can increase your trading efficiency and when, on the contrary, it is a signal of dishonest company? Where does a broker get the money for bonuses? Bonuses sizes Bonuses - is it a deposit boost or a broker's fraud? Three signs of using a bonus as a trap for...
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World currency rates are not a constant. The main news not only of the economy, but also of politics has a significant influence on the quotations. Financial market participants with good analytical skills have a unique opportunity to earn not only from studying the dynamics of charts, but also from competent analysis and use of the received news content. In theory, trading based on the news looks simple and involves low risks. Many recommend it to beginners and there are even special advisors for it. But is it really so? Does the future of traders who staked on this strategy look so bright? Main disadvantages of trading strategies on the news Market participants who decided to earn on trading on the...
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Large financial institutions (banks and prime brokers), which form the international currency market, are generally considered to be suppliers of quotations (or liquidity providers). Big players unite in networks for joint trading, from where brokers can transmit the quotes to their clients to the retail market. Quote providers, aggregators, and no manipulation! There is no solely correct quotation supplier, each market participant may become a market maker and organize his own exchange. What you see in the terminal is just a current market slice, indicative quotes, the real availability of liquidity on which is never guaranteed. Quotes that come into the terminal form a book of quotations - the prices of limit orders in conjunction with the volume. The best prices of the market stack are displayed on the...
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It is hardly possible to find a trader who has never encountered a broker's requirement to provide documents confirming his identity, place of residence and other personal data. On the one hand, the financial company's desire to identify its clients is understandable and justified - we are not surprised by the need to show a passport for any banking transaction, even the exchange of a more or less large amount in foreign currency. On the other hand, the client verification requirements often become a manipulative tool in the hands of an unscrupulous broker, which allows delaying the moment of client's profit and investment payout or even refusing to withdraw the funds. So what is the notorious procedure of verification at the broker, for what...
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Today the guest of the FORTRADER.org editorial team is Sergey Melnikov, one of the financial analysts of the Russian market. We will discuss with him the traditional questions about currency trading in Russia. - Hello Sergey. Tell our readers, how did it happen that you got acquainted with trading on financial markets? -Good day! I became acquainted with financial markets at the age of 14, when I was given Theodore Dreiser's trilogy "The Financier". Since then I knew exactly what my life was going to be about. - Trading is becoming more and more a part of our life - many people know about the foreign exchange market or are holders of certain securities. In your opinion, why is it popular to...
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Today, Anna Kochkina, Director of Key Projects at Insta, answers FORTRADER.org's questions. We will discuss with Anna the future of the market in Russia and the company's plans for obtaining a license. - How do you see the current state of the market in Russia? Was the introduction of licensing and regulation of this financial segment necessary and why? - Yes, the regulation of the foreign exchange market in Russia was necessary. Before January 1, 2016, any services could be provided under the name "", and this was not checked by the state authorities, because the legislation did not contain a definition of -dealer activity as such. Due to the introduction of licensing, the word "" in its corporate name have the right...
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The April guest of our magazine was Valentina Drofa, CEO of Drofa Group and founder of the iLerney online financial education portal. Valentina is a long-time friend of our publication - we have worked together many times - that is why we addressed to her with the questions about the training, relevant to newcomers and practitioners of the market today. - Valentina, hello! Just a few words about yourself, so that our readers who do not know you well know you better. - Good afternoon, yes, of course. Recently, just when I was telling a couple of words about myself, I said and then I thought - 9 years in financial markets. My whole professional activity...
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Despite the entry into force of the "Law on " in Russia on January 1, 2016, the structure of the work of -dealers in the country is not yet completely transparent not only for traders, but also for companies applying for a license. This includes the SRO or self-regulatory organization, which will have to supervise dealers and report to the Central Bank. ForTrader.org asked Alexey Yevsikov, the Managing Director of the CRFIN SRO Association, what SRO is in Russia, why they are needed and what they will do. - To what extent do you think regulation is really necessary in Russia? - The market appeared in Russia in the early 90's...
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In this issue I would like to move away from the work-life advice on how to become richer, more efficient and more fortunate to turn again to the issue of trading. Today I want to share with you my thoughts on the subject of opening accounts by brokers for beginners at . The idea for this article comes from talking about the fact that the Russian regulator considers introducing to the market only professional traders, i.e. those speculators, who have already confirmed their qualification by passing professional exams. Let's think about whether or not a beginner trader really needs such a strong "care". To begin with I suggest thinking about two fundamental questions: "Who is a beginner at?" and "Why does one lose...
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Trust management of funds and assets seems to be one of the most attractive ways for private traders to earn money in financial markets. First, it does not require self-trading skills, which means that it is suitable even for beginners or people who have nothing to do with trading at all. Secondly, in this way investor can earn using experience and abilities of more professional participant of the market. And thirdly, transferring money into trust management it is possible to receive profit without giving a single minute of your time to the process of trading. However at the same time asset management is almost the most risky service on the financial markets, and brokerage companies are often wary of it. Is it possible to enjoy all the benefits...
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Today FORTRADER.org magazine features Igor Volkov, a practicing trader and part-time owner and president of the MFX brokerage company. In 2006, at the age of 20, he founded Masterforex with his own money earned by trading. In 2008 the company became a part of MFX Group holding, and Igor Volkov is its president now. Our conversation today will continue the theme of regulation in Russia. - Igor, what is your general attitude towards the world practice of market regulation? - The answer is simple: there has to be regulation. What remains to be decided is what it should be. From my point of view, the industry's presence in the legal field is an opportunity for each...
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In our December interview, we asked Yaroslav Dyususha, the Head of the Remote Client Services Department of JSC FINAM, about the regulation in Russia. Let us remind you that FINAM was the first company to submit all the necessary documents to the Bank of Russia to obtain a license. - Was it difficult to prepare the necessary documents to submit to the Central Bank of Russia? What was the most problematic? - We have nothing to compare it with, we have never had to get a Russian broker license before. Any problem can be solved if you approach it systematically, with the right tools. We have recruited a good team of professionals, so we hope that everything is prepared at the proper level. The difficulty was that the requirements for the application appeared as...
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- Hello. Introduce yourself, please. How did you come to be introduced to trading on ? Hello to you too. My name is Alexander Grichenkov, and I work at MFX Broker. If we talk about how I got into , my acquaintance with it started with a totally different company. There is an amazing show on Channel 1 TV called "What? Where? When? Well, a few years ago Forex Club Company was either a sponsor or an advertiser. The experts and the audience were asked to guess the rise or fall of this or that currency over the week. That's where the guessing came in.
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The law on Russia, adopted in December 2014, was supposed to come into force as early as October 1 this year, but due to circumstances, in particular the unreadiness of most Russian brokers to be regulated, the mega-regulator Central Bank of the Russian Federation postponed the entry into force of the law until January 1, 2016. FORTRADER editors discussed with Stanislav Vaneev, CEO of Grand Capital, which companies were allowed to work for another three months "the old way", how brokers are preparing for the regulation and what will change after the new year. - Stanislav, hello. Has your company received a license yet? - Hello, Yulia. In mid-September the regulator positively responded to the request of the CRFINA (Center for regulation of OTC financial...
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More and more often brokers talk about the technical component of their order execution, in which liquidity aggregators play an important role. What are they, what are their differences, and is it possible to set them up for slippage in favor of the broker, tells ForTrader.org magazine Quotix CEO Evgeny Sorokin. - What is a liquidity aggregator and what are its main functions? - Liquidity aggregators are the systems that integrate quotes from different sources into a single torrent and route the orders to liquidity providers. Brokers use aggregators to narrow the spread, get the best possible order execution and diversify risks associated with liquidity providers. Aggregators have many nuances of implementation, such as: Availability and...
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Due to the specifics of my work, I often communicate with the managers of various brokerage companies. There is probably no broker in Russia that is so popular that I do not have an opportunity to discuss the events in the industry with one way or another. So, lately the main issue worrying the companies became active and very frequent bankruptcies of the brokers, which were quite strong and did not cause distrust. Of course, this problem worries traders even more, who pay for it out of their own pockets several times a year. Our staff magazine traders have also left about 2500$ in companies that have already disappeared (acquaintances didn't help at all :)), so in my today's article I...
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In the middle of 2015 Saxo Bank announced the release of a new modern trading platform, written by its own technical experts, as well as the rejection of the usual MetaTrader 4. In the press release the company presented SaxoTraderGO as the newest and most convenient platform, which will be a serious competitor to all modern analogues. The editorial office of ForTrader.org contacted the representatives of Saxo Bank to find out whether SaxoTraderGO is as good as it was described in the release. The answers to our questions were given by Christian Hammer, Head of Platforms and CEO of Saxo Bank. - Why has Saxo Bank decided to develop its own platform and refused to use MetaTrader 4? - We created and launched SaxoTraderGO - the most advanced trading platform...
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