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HYCM’s Giles Coghlan Unveils What 2020 Holds For Markets | Finance Magnates

HYCM is a globally established forex broker under Henyep Capital Markets Group, a global corporation founded in 1977, operating in Asia, Europe, and the Middle East. Since its conception, HYCM has won over 20 awards including the categories Best Forex Broker and Best Forex Trading Platform.

HYCM is a globally established forex broker under Henyep Capital Markets Group, a global corporation founded in 1977, operating in Asia, Europe, and the Middle East.

Since its conception, HYCM has won over 20 awards including the categories Best Forex Broker and Best Forex Trading Platform.

Giles Coghlan is HYCM’s Chief Currency Analyst and utilises over 10 years of trading experience to help HYCM clients by providing daily market updates, online webinars and workshops, and in-person seminars.

The Most Diverse Audience to Date at FMLS 2020 – Where Finance Meets Innovation

He is also a contributor to major forex and financial media including City A.M., Yahoo Finance, CNBC Arabia and Forbes Middle East.

Today Giles shares his expertise with Finance Magnates and discusses the secrets to the company’s success and what the rest of 2020 potentially holds for the trading industry.

How has HYCM stayed ahead of the competition with its comprehensive offering for retail traders?

As part of the Henyep Capital Markets Group, HYCM shares over 40 years of Group experience which is quite a lot for the modern forex market.

When the industry opened its doors to retail clients, we were already an established expert in the financial markets; this groundwork is one of our key advantages.

Over these four decades we have covered several milestones, including becoming a member of the Hong Kong Futures Exchange, and our chairman joining the Commodities Exchange of New York (COMEX).

We also have licenses in several jurisdictions including the FCA, CySEC, and DFSA, and have partnered up with leading providers such as Barclays Bank, Eurobank, Moore Stephens and BDO Ltd, part of BDO International, the fifth largest accountancy network in the world.

Henyep Capital Markets Group has businesses in capital markets and securities, direct investments, financial services, property, education, and charity.

So, our clients know they are trading with one of the most solid and secure brokers in the world.

What are the core products HYCM offers to trade, and which of these are the most popular for clients?

HYCM offers over 100 trading instruments including forex, commodities, indices, ETFs* and cryptocurrencies**, exceptional trading conditions, account types for every trading style, cutting-edge technology, and unlike many other brokers, we offer trading on both MT4 and MT5 platforms.

Some of our most-traded instruments are major forex currency pairs such as EUR/USD, GBP/USD, USD/JPY, bitcoin, commodities like oil and gold, and indices such as the US100, US30, US500, HK50, and the GER30.

Of course, it depends on the location and jurisdiction as we operate globally with offices in key financial locations including the UAE, Cyprus, Hong Kong, and our headquarters in London.

It is also worth mentioning that the majority of our traders are experienced traders.

We also work with big investors and institutional clients who select HYCM for its excellence and reputation.

Giles, you are a professional trader yourself. How do you go about sharing your experience with traders?

I have been trading for over 10 years now and am very happy to share my expertise with our clients by providing regular market updates, online webinars and hosting in-person seminars and workshops for advanced traders across the globe.

For instance, every Monday I run a free FX Week Ahead webinar in which we look at the upcoming week while analysing market movements.

Traders will learn how to understand market sentiment and prepare for market-moving events, as well as benefit from a live Q&A session.

Every Wednesday, in the popular Level Up with HYCM workshop we focus on practical exercises and learning the technical side of trading, which does require a demo account to complete the exercises.

How do you see the market responding to the current situation with coronavirus?

We have seen a temporary recovery of equity markets from recent lows due to the extreme levels of government support to prop up their economies.

The Federal Reserve announced virtually unlimited quantitative easing at the height of the crisis and trillions of dollars of rescue packages.

This gov’t response has been repeated across all the major economies and essentially propped up the falling equity markets.

However, I see more downside in stocks in the future as earning levels are released. One area I am looking at is that of previous pandemics, like the great flu pandemic of 1918, and how it came in waves.

If we see a second and third wave of the COVID-19 outbreak I will be looking for a fresh leg lower in stocks and record highs for gold prices.

What does 2020 hold for HYCM? Are there any goals or projects the company has in the pipeline?

This year we have already launched a new product; exchange-traded funds (ETFs) on our MT5 platform, which are currently only available under HYCM Ltd.

We now offer 20 different ETFs including the top three most-traded ETFs: SPDR S&P 500, iShares Russell 2000 Index, and VelocityShares 3x Inverse Crude Oil ETN.

In this era of high volatility including the current situation with coronavirus, ETFs are very desirable as traders are looking for less volatile instruments.

We have also introduced a new referral program*** to reward our clients who invite their friends to register and start trading with HYCM.

It is fully automated and integrated into the HYCM client portal, making it very easy to use and one of the main benefits of the program is that these rewards can be withdrawn.

We are always working on improving our products and technology and looking for ways to thank our active traders for their loyalty and dedication, as well as expanding our offerings to new clients.

* Only available under HYCM Ltd.

** Not available under HYCM (Europe) Ltd.

*** Not available under HYCM (Europe) Ltd.

About HYCM

HYCM is the global brand name of Henyep Capital Markets (UK) Limited, HYCM (Europe) Ltd, Henyep Capital Markets (DIFC) Ltd and HYCM Ltd, all individual entities under Henyep Capital Markets Group, a global corporation founded in 1977, operating in Asia, Europe, and the Middle East.

Learn more about HYCM

High Risk Investment Warning: Contracts for Difference (‘CFDs’) are complex financial products that are traded on margin. Trading CFDs carries a high degree of risk. It is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent expert advice if necessary and speculate only with funds that you can afford to lose. Please think carefully whether such trading suits you, taking into consideration all the relevant circumstances as well as your personal resources. We do not recommend clients posting their entire account balance to meet margin requirements. Clients can minimise their level of exposure by requesting a change in leverage limit. For more information please refer to HYCM’s Risk Disclosure.

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RoboForex adding EOS Cryptocurrency

RoboForex adding EOS Cryptocurrency

RoboForex announced today adding EOS, a cryptocurrency which is now available for trading with the broker on both MT4 and MT5 platforms.

Roboforex added EOS CryptocurrencyCurrently, RoboForex clients have 7 crypto instruments to choose from.

RoboForex keeps expanding its crypto portfolio.

The latest addition is EOSUSD, which is already available to the clients through MT4 and MT5, alongside with six other crypto pairs:

BTCUSD, ETHUSD, BCHUSD, DSHUSD, LTCUSD, and XRPUSD.

The EOSUSD trading conditions are the following:

  • minimum lot size: 100,
  • minimum increment: 0.01,
  • leverage 5:1.

EOS is a cryptocurrency that was introduced in 2017 and is based on blockchain and smart contracts. Its key features are scalability, decentralized apps, and huge throughput (a few million transaction per second).

This is another step towards developing our crypto portfolio.

Our clients do value the flexibility and state of the art technologies we offer them As for us, our mission is meeting their expectations and constantly improving the trading conditions by opening the door to new instruments and opportunities.

says Denis Golomedov, ;Marketing Director at RoboForex.

Roboforex and Cryptocurrency

This Broker has been on the forefront of crypto trading on the Metatrader 4 and Metatrader trading platforms from the beginning and pushing for more and more trad-able assets to be added to their offering .

it took this broker a little bit of time but now that they got them selves into the cryptocurrency trading arena they come to lead the pack. this in combination with their the trading platforms they are offering makes this a broker to take notice of.

as yet there are not enough brokers that offer metatrader 5 and especially one where you are able to trade bitcoin ethereum, litecoin and now also EOS.

About RoboForex

RoboForex is a brokerage company catering to clients from various countries. The broker’s focus is providing the traders with access to its own financial market platforms.

RoboForex Ltd is a licensed company (License No. IFSC/60/271/TS/17).

 

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Local bitcoin Trader Jailed for Money Laundering

Indicted: Local bitcoin Trader Jailed for Money Laundering

Local Bitcoin trader, Theresa Lynn Tetley, also widely known as Bitcoin Maven has been indicted for indulging in illegal bitcoin-for-cash transactions. According to the Central District of California, the LocalBitcoins.com trader has been sentenced to 12 months in prison.

She has also been handed a three-year supervised release and a $20,000 fine. A former real estate investor and stockbroker, the court ordered her to relinquish $292,264.00 in cash, 25 assorted gold bars, and 40 bitcoin.

money launderingTetley pled guilty to one count of operating an unlicensed money exchange business, and another related to money laundering. Her case is the first of its kind in the Central District of California.

Tetley was procedurally supposed to register her business with the Financial Crimes Enforcement Network, an agency of the United States Department of the Treasury.

The agency is responsible for analyzing transactions to curb money laundering and related financial crimes. She also failed to implement standard anti-money laundering protocol, including reporting of certain financial sources as per the requirements of this type of business.

Tetley is said to have traded over $6 million for clients within the United States and charged higher rates as compared to other traders within the LocalBitcoins platform.

Also noted in the court documents was that Theresa Lynn laundered bitcoin for a customer who had been suspected of having acquired the cryptocurrency through illegal activities, including drug sales on the dark web.

She also carried out a bitcoin to cash transaction for an undercover agent who had explicitly declared that his bitcoin was tied to narco-trafficking operations.

According to the report, Tetley’s service was responsible for fueling the growing use of cryptocurrencies to launder money and supported a black market system set up purposely to circumvent the law.

The organizations involved in her investigation included the IRS Criminal Investigation and the Drug Enforcement Administration.

Just One of Many

That said, the government has been committing significant resources to counter the crypto – dark web menace, and earlier this month, a major sting operation was carried out against a major money laundering network. Thirty-five suspects were arrested.

One individual, identified as John Edward Monette, was charged with Conspiracy to Distribute a Controlled Substance. He was also alleged to have carried out numerous bitcoin for cash exchange transactions on the dark web, most of them in 2017 and totaling about $19,000.

Another dark web vendor busted during the operation, Ryan Farace, 34 was indicted for being involved in an alprazolam tablets manufacture and distribution scheme.

He sold the drugs on the dark web, with all transactions being made in bitcoin. Additional digital currency money laundering transactions were made to conceal the sources.

Article Originally Published:

By ELIZABETH GAIL at Coincentral

 

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Why You Need to Get Onboard With Blockchain!

Why You Need to Get Onboard With Blockchain!

Blockchain tech – so revolutionary in nature that some are calling it the “new internet.” It has applications in just about every industry, and has completely altered the way we think about internet security, the processing of information, and the speed of transactions.

Blockchain is the technology that supports the digital currency  or cryptocurrency called Bitcoin –

however this is not what it is really about as it has a far wider scope of applications and is being commercialized in a growing number of areas.

It has generated much interest in technology circles and beyond, because of the new possibilities it opens up in financial services, the public sector and other areas.

According to sites like BitFortune.net, blockchain tech is definitely worth keeping an eye on due to the myriad of benefits it provides.

Blockchain and Bitcoin are not the same thing – Bitcoin is implemented using blockchain technology, but blockchain technology can be used in contexts much wider than Bitcoin or other cryptocurrencies. so when we are talking about the blockchain we are talking about a combination of a number of technologies, these including:

  • Distributed ledgers.
  • The blockchain data structure.
  • Public key cryptography.
  • Consensus mechanisms.

Part of what makes it so exciting is that it is completely open source. As a result, there are already a number of interesting blockchain apps, and the number is growing daily.

The technology is so secure that it is already being used by DARPA to secure military data. Various governments around the world are working on ways to use the tech to protect their own data.
The tech is tamper-proof, and the data stored within it is permanent. It cannot be erased or altered, and this is what makes it so enticing to those needing more secure networks.

But there is more, folks. (Okay, so that sounds a bit like an infomercial, but the benefits are real nonetheless.) Transactions can speed across the network – taking only as much time as it takes for them to be authorized.

The blockchain cannot be described just as a revolution. It is a tsunami-like phenomenon, slowly advancing and gradually enveloping everything along its way by the force of its progression.

William Mougayar

The system runs without the need for an intermediary, and this reduces the time it takes to execute transactions. This, and the unique way that the tech works, means that costs are significantly reduced as well.

What makes it so revolutionary is that the information is spread across every computer within the network. With Bitcoin, that means the data is securely “backed up” over thousands of computers.

Now, it is unlikely that banks will entrust their data to a public network in the same way, but they have been working on creating networks of their own instead.

The potential savings in terms of cost and time are extensive. If you want to learn more about these savings, check out the infographic below.

 

Why You Need to Get Onboard With Blockchain!


Why You Need to Get Onboard With Blockchain!


Visit bitfortune.net . for more interesting Infographics

Guys did an amazing job and was allowed to share.


 

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