Stockbrokers
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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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XTrade is not a newcomer to the financial market. The broker specializes on CFD trading services for more than 10 years and provides traders with excellent and competitive trading conditions, including available spreads and commissions, a convenient trading platform and a wide list of assets for trade. Trading conditions XTrade was founded in 2010. At the moment it operates in Belize, but provides its services to traders from all over the world. The best part is that you can trade with the company from all over the world and you don't even need to have your PC and install software on your computer, phone or tablet. All you have to do is...
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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 their own platform and refused to use MetaTrader 4? - We created and launched SaxoTraderGO - the most advanced trading platform...
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At the beginning of 2006, traders in Russia and the CIS imagined the operation of the foreign exchange market in a completely different way than it is now. All of the 10 Russian-speaking brokers available to us offered approximately the same trading conditions, which included 1:100 leverage, quotes, terminal, analytics, training course, and 4 points of EURUSD spread. Traders chose the company according to a friend's advice or depositing/withdrawing method, sometimes just at random, and it did not make much difference. After that "easy" appeared with the company bearing the same name, which surprised everyone with an opportunity to trade with a leverage of 1 to many. And after that there was a real boom of ideas, innovations, suggestions from brokers, including floating spreads, which became a reality.
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Today ForTrader.org magazine has Evgeny Filippov, the Managing Director of STForex, a new broker in the Russian market, a popular Forex analyst and a presenter of educational webinars. We will discuss with Evgeny our traditional questions and learn a little more about him. - Hello Yevgeny. Could you tell our readers how did you come to be acquainted with exchange trading? - Frankly speaking, my acquaintance with financial markets happened quite by accident. 8 years ago one of my acquaintances mentioned that he traded on the currency market, he showed me some charts, and that's how it all started...
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Maximum reduction of trading costs is a natural desire of any participant of financial markets, and no wonder that for traders the size of spread is one of the most important factors when choosing a brokerage company, and for brokers it is a powerful competitive advantage and a lever of attracting clients. Following such logic one can suppose that the lower the level at which the broker will fix the spread for one or another financial instrument, the more profitable the trade of its clients will be. But in practice it is not always true. Moreover, most big brokerage companies offer along with low fixed spreads floating spreads, the size of which is not limited and not regulated anywhere. И...
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Today Sudhanshu Agarwal, CEO of a new company on the Russian market, Tickmill, is a guest of the ForTrader.org editorial staff. We will ask him our traditional questions and find out what the broker plans to surprise traders with. - How did it happen that you got acquainted with stock trading? - About 10 years ago I was offered a job with a reputable broker, who had recently started his trading activity in Australia. At first I was wary of the offer, as I had heard a lot about illegal brokerage firms and fraudulent brokers. Having thoroughly studied all available information on the subject, I came to the conclusion that RELIABLE regulated brokers exist,...
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Today Oleg Okhrimets, General Director of EXNESS, is another guest of the ForTrader.org magazine. This time we invited him to discuss the choice of a trader to choose a broker, based on the licenses obtained by the company. We will talk about the importance of the regulation, its advantages and disadvantages. Let's also touch upon an important topic: the forthcoming Russian regulation of brokers. - Oleg, you were a participant in the recent Congress held in Moscow. What kind of impressions did it leave and was it worth your expectations? - The Congress, organized by SRO CFRIN, was held for the second time, it is gradually gaining credibility and becoming a key forum for the Russian market. The congress was attended by the largest representatives of the market...
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Beginning of the article Let's look at the EUR/USD tick chart of the largest liquidity provider, Swiss bank Ducascopy. BID and ASK charts are presented. Current time: 15:00 (MSK), 14.02.2015. The market is relatively calm: no news and no macroeconomic indicators are published during the hour. A 1000 ms wide window has been arbitrarily selected. There are 44 different values inside this window. If you move the window one step forward, the number of ticks will increase to 50. Let's assume that the trade server allows you to conduct operations with a delay of 500 ms (which is an excellent result). Attempting to sell at the initially stated price of 1.12770 could result in more than 35 retracements by the bank, before...
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In this article we will try to eliminate the uncertainty, which, in our opinion, can be purposefully maintained by some brokers to attract additional audience. The author expresses his personal vision, formed while working in a brokerage company, which adheres to different business principles. We will describe several practical methods you can use to critically analyze your broker's performance. In this article, we are intentionally not looking at introducing brokers (IBs) that operate under an open agency contract model. We are talking about companies that position themselves as clearing agents, conducting transactions on behalf of the company. Broker agent clearing model: transactions are broadcast to the interbank market This unconfirmed model is based on...
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Leverage is precisely the tool which transforms foreign exchange trading from an internal game of commercial and central banks into an activity available to the widest range of individuals. Thanks to an interest-free loan provided by a broker, traders' positions are brought to the necessary minimum and brought to the market, while the broker himself receives the right to charge spread and SWAP as payment for his services. Therefore, reasoning about the usefulness of leverage seems to be superfluous. It is known that margin trading has not only advantages, but also risks, and traders often lose deposits because they use too much leverage. In this case the credit provided, regardless of...
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January 2015 will be remembered by traders for a long time. It was a month that would absolutely turn the currency market industry upside down. One hour and one unexpected decision of a major financial and political player made speculators and brokers alike nervous; some traders were instantly made the king of the world and rich, while others were made losers and bankrupt. Both of them were enough for even the largest and most eminent brokers to declare the most serious losses multiple of 6-8 zeros in dollar equivalent. "Black Thursday" for brokers If you have been reading the text all this time surprised and missed the trading day of January 15, I remind you that in connection with the decision of the National...
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The State Duma of the Russian Federation passed in the third reading the draft federal law "On Amending Certain Legislative Acts of the Russian Federation". The Federal Law "On the Securities Market" was supplemented by Article 4.1 "Dealer Activity on the OTC Market", which defines the activities of brokers, introduces licensing requirements and specifies that the normative regulation will be carried out by a self-regulating organization of dealers (SRO). The law establishes a single SRO - "The Center for Regulation of OTC Financial Instruments and Technologies". The details of this law and the changes it will bring to the activity of brokers in Russia were specially commented for ForTrader.org by the Director General of EXNESS Company Oleg Ivanovich Ohrimets. ForTrader.org: After a long wait, Russian traders...
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The beginning of a new year is a good time to take stock and make plans for the future. You are probably expecting something like this from me, reading the New Year's Eve blog. But this time I would like to surprise you and talk about... trade practices. And I got such thoughts from ongoing disputable situations in the branches with brokers' comments, where on one side are traders who try to earn on arbitrage, and on the other side brokers, who do not allow reaping huge dishonest profits by any means. Other articles on the topic Arbitrage systems - big and illegal profits on Arbitrage and fair Detail of arbitrage strategies...
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