The New Rewards Loyalty Program of HotForex

The all-new HotForex Trading Rewards Loyalty Program is giving their traders the chance to earn cash and rewards for their Forex Trading Service.

HotForex is giving out rewards to its clients while introducing their tiered loyalty program that gives traders a chance to earn money and trading service rewards like Trading Central, advanced VPS, and one-to-one sessions with HotForex Market Analyst.

HotForex Trading Rewards Loyalty Program

The HotForex Trading Rewards loyalty Program lets traders earn HotForex Bars (points) for each qualifying round-turn lot that they will be trading on Forex, Gold and Silver. The HotForex Bars will increase depending on the loyalty level that you’ve achieved and the accumulated active trading days.

They have four different reward levels: Red, Silver, Gold, and Platinum. Traders immediately qualify for the Red Trading Rewards through registering to the program. The more active the trader is every day, the faster he/she will move up to the tiered program and the more HotForex Bars he/she will earn per round-turn.

As soon as the trader has accumulated enough HotForex Bars, he/she has the choice of exchanging them for cash or other Forex trading tools or services. Current offers include cash, 12 months Trading Central subscription, HotForex Debit Card, 1 month advanced VPS access, 1 hour private session with a HotForex Market Analyst, and 3 months advanced VPS access. If you want to exchange your HotForex bars to cash, 35 bars is equivalent to 1 USD.

We wanted to reward our clients for their loyalty, and our new Trading Rewards Loyalty Program is our way of giving something back by empowering our clients to make every qualifying trade count towards their loyalty balance,” says the spokesperson for HotForex. “We gave a lot of thought to the rewards on offer and we feel that we’ve put together a great selection of Forex trading services that will enhance the trading tool-kit of any trader. Our Trading Rewards Program follows hot on the heels of the recently launched HotForex App, and is our next step towards providing clients with exceptional trading tools and services as standard.”

About HotForex Trading

HotForex is among the leading global forex broker that provides both retail and institutional trading services to clients and traders from various countries around the world. Since it has been founded, the company has been winning major awards and titles from highly respected finance industry bodies for providing innovative forex trading services.

New Mayor of London Sadiq Khan and the City’s Global Financial Position

Among the three major functions of the mayor of London is to promote the development of the economy and the creation of wealth — aside from social and environmental development. Today, London is usually among the top financial centers around the world and being so makes it the key to the wealth of the city. That’s actually the reason why international companies have headquarters in London, thereby giving job opportunities to the residents and wealth to UK’s capital. With Sadiq Khan elected as mayor, the status of London as a global financial center may be kept.

The Manifesto of Sadiq Khan

The manifesto of Khan gave some insights to his plans for the economic development of London. According to him, his main priority is infrastructure as there is a need to work on Westminster which would improve transportation and secure big projects that may be the key for the growth and expansion of the city’s economy.

Mayor Sadiq Khan
(Stefan Rousseau / PA Wire)

London’s transportation system has greatly helped in its historic success being a financial center. Its link to the rest of the UK and other countries allowed it to export skills and goods to emerging markets. Having an up-to-date transportation system is essential for accessing markets and talents. It is important for job growth and for allowing the capital to support the growth of UK’s economy.

The international air transportation is very important to the financial health of London, as well as the economy of the UK. Currently, London is at a disadvantage because of its poor connections with the vastly growing markets in Latin America and Asia. Its airports are operating close to its capacity and the possibility of expansion should be considered by the new mayor. Where the expansion will happen, however, is still being discussed.

Sadiq Khan has opposed to the consensus of creating a third runway at Heathrow. Meanwhile, his election may make it easier for the UK government to follow through with the proposed expansion. On the other hand, this could enable a united front that may challenge the government into getting a second runway built at the Gatwick airport. Either way, expansion is a possibility to promote the well-being of London’s economy.

Support from Business

The larger business community of UK, particularly London, has shown their support in Khan as the mayor. According to the Confederation of British Industry, they are looking forward to working with him on certain issues that would need retention of competitiveness in the global financial arena.

Apart from being supported by big businesses, Khan pledged to promote a friendly environment for business start-ups, especially those who are in the fields of fintech or financial technology. Over the past few years, the FinTech environment of London has played a major role in ensuring the presence of the capital in the global arena as they brought more financial startups to the UK. This plays an essential role in maintaining London’s strong position in the financial rankings worldwide.

London has always had the distinction of being a global financial center. It is the business capital not only of Britain, but of the European continent as well.

Why Forex Broker Incorporated

Forex Broker Incorporated is a trading company registered in the Marshall Islands. With headquarters in Belize and European offices in Malta, it is known to do its best in increasing the profits of its traders through various bonus plans, trading tournaments, and other features. It is also among the few brokerage companies to accept traders from the USA. Aside from that, their website is very user-friendly as it is easy to navigate and it features the best trading platforms in the trading industry.

Forex Broker Inc. is very professional when it comes to their customer service. They allow their customers to withdraw in just one snap of the fingers. They see to it that funds are processed as fast as the next day. They utilize platforms like MT4, Sirix Trader, iPhone Trader, and Sirix Tablet to allow traders to monitor their investments anywhere.

The company has over 50 currency pairs to choose from, such as majors, minors, and exotics with flexible leverage of 1:500 and it allows access to interbank liquidity with as low as 0.3 pips spreads. Aside from that, it also trades in spot metals, energies, and CFDs. They also don’t charge fees for withdrawals and deposits.

With rewards, on the other hand, the company offers a bonus structure that is tailored to the needs of the traders. Whether their traders are beginners or experts, they will be receiving an initial reward. Forex Broker Inc. also features fun and competition to their traders with their Forex Freeroll Tournament and their regular VIP Status Tournament that are especially for VIP account holders. VIP traders are given exclusive treatment with their higher bonuses and entry to the company’s raffle draw, to name some.

To begin trading at Forex Broker Incorporated, you need to have at least $100 to your account. Depending on the method of your funding, you will be receiving a welcome bonus of up to 50 percent.

Australian Dollar Growing in Asia

While investors are waiting for the Caixin manufacturing PMI tomorrow, the Australian dollar kept gaining in Asia. The AUD/USD is trading at 0.7614, up by 0.16%, as USD/JPY traded at 106.50, up by 0.05%.

The closely-monitored Caixin manufacturing PMI for April will be reported on Tuesday. Previously, it came at 49.7.

The NAB business confidence came in earlier on Monday at plus-5, which was plus-6 last month. The business survey, on the other hand, shows a plus-9 from plus-12 last March. This implies that the economy is gearing towards the non-mining industry; however, the exchange rate remains.

“However, subdued inflation pressures in the survey and a very weak CPI result for Q1 suggest the RBA has scope to further cement the non-mining recovery with an additional cut to the cash rate at tomorrow’s (Tuesday) meeting, although it is likely to be a close call,” said Alan Oster, the Chief Economist of NAB.

For the month of April, the manufacturing PMI of Japan was at 48.2, above the expected 48.0. Meanwhile the manufacturing index of Australia’s AIG is at 53.4, a large drop from the 58.1 index last month.

The Reserve Bank of Australia will be meeting on Tuesday in what is said to be a close decision as they expect the cash rate to be left on hold. The 25 basis point rate cut was made last week after the consumer price index inflation last week.

“While margins remain tight, recovering domestic market share and building momentum in a variety of export markets provide a strong foundation for the lift in confidence required for the sector to move up another gear. A budget that boosts incentives for business investment and innovation would come at just the right time for manufacturers to capitalize on recent gains,” says Innes Willox, the Chief Executive of AI Group.

During the weekend, the CFLP manufacturing index of China in April was below their expectations, coming in at 50.1, but there is still hope for expansion territory. The CFLP service PMI, on the other hand, had eased down to 53.5 from 53.8.

The USD index, on the other hand, was down by 0.13% to 92/90 against a basket of 6 major currencies. In the coming days, investors are paying attention to the US jobs report for April, particularly for changes in wage growth. Data on Thursday showed that the US economy have grown to its slowest rate in 2 years, having only a 0.5% increase in GDP.