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.

World Stocks and Oil Prices Rise Before Fed Meeting

For the first time in four days, the world stocks rose on Tuesday and the weaker dollar resulted to a gain in oil prices, as investors set their expectations for monetary policy meetings in Japan and the United States.

European stocks have also benefited from the less than expected 80% fall of the first quarter profits and the unchanged dividend from BP. They also encouraged results from UPM.

Quarterly Earnings Report

Since it is the season for reporting quarterly earnings, investors are waiting for updates from the biggest company in the world, Apple (AAPL.O). The pan-European FTSEurofirst 300 .FTEU4 stock index rose about half percent. Meanwhile, Britain’s FTSE 100 increased by 0.4 percent .FTSE.

These gains have aided the world equity index of MSCI .MIWD00000PUS, which monitors stocks in 45 countries, increase by 0.1 percent after 3 consecutive days of losing, taking it back to an almost-five-month high last week.

“European equity markets are trading moderately higher on positive corporate earnings surprises from several companies,” said Markus Huber, the trader from the City of London Markets.

Before the two-day meeting of the Federal Reserve on Tuesday, Markus Huber said, “many traders are at least temporarily moving their overall exposure to more neutral from previous negative, consequently closing some of their short positions.”

Markets don’t predict chances of the US interest rate to increase and are expecting a 20 percent chance of a move during the next meeting on June 14-15. A surprise drop in the home sales data of the US for March has shown evidence of anemic growth of the US economy.

Nonetheless, officials from the Federal Reserve said that there might be a hike in June.

“Even dovish policy makers such as (Boston Fed President Eric) Rosengren are saying market expectations are too low,” said Tomoaki Shishido, a fixed income strategist at Nomura Securities in Tokyo. “So the Fed may try to urge markets to price in higher rates. On balance, we are more likely to have a hawkish surprise than a dovish surprise.”

Qatar First Bank is the Best Up-and-Coming Islamic Financial Institution

Qatar First Bank (QFB), the leading Shari’ah bank in Qatar, is reaping the benefits of a strategy they introduced last year as they are named as 2016’s Best Up-and-Coming Islamic Financial Institution during the 9th annual awards of Global Finance magazine’s World’s Best Islamic Financial Institutions.

They won this prestigious award as Global Finance received extensive consultations with bankers, corporate finance executives, and analysts throughout the world.

When it comes to selecting the top Islamic Financial Institutions in the world, Global Finance took a variety of quantitative factors into consideration. This includes growth in assets, geographic reach, profitability, strategic relationships, new business development, and product innovation. They also factored in informed subjective criteria, including customer satisfaction, reputation, and opinions of certain analysts and experts in the industry.

The global award served as a milestone achievement of QFB across their business lines as they reported continued profitability for their 7th full year of operation, according to the data they released in March.

Mr. Ziad Makkawi, the Chief Executive Officer of QFB, said in a statement, “We are honored to be named 2016’s Best Up-and-Coming Islamic Financial Institution by the renowned authoritative Global Finance magazine. The prized global award is a translation of QFB’s winning strategy and innovative approach to Islamic Finance.”

Qatar First bank
Our Dynamic Team. Image by

“Our strategy focuses on the bank’s role as a trusted advisor, a gateway for investors who wish to tap into innovative, Shari’ah-compliant, financial solutions and investment opportunities in local, regional and global markets. We are at the beginning of a new era for our bank and have already started reaping the benefits of our ambitious strategy, as each area of the Bank performed well, bringing growth and generating new recurring income. This celebrated global award is a confirmation that QFB is on the right path, as it continues to identify and seize new, attractive opportunities, deliver excellence for both private and corporate clients, build a strong brand, and provide shareholders with robust returns,” he added.

2015 has been a milestone for QFB. They confirmed their strategy and streamlined their businesses to offer compliant services to Shari’ah, which includes alternative investments that focuses on private equity and real estate, as well as corporate and institutional banking, treasury and investments, and private banking and wealth management.

The winners of the Global Finance World’s Best Islamic Financial Institutions, including QFB, will be honored at an Awards Ceremony in October during the annual meetings of IMF and World Bank in Washington, DC.

Put Your Bitcoins to Good Use, Invest in Forex

For those who want to trade in a safe environment with limited volatility, Forex might just be the best option. This is primarily the reason why those who have Bitcoin are investing their coins to the Forex market. Because Bitcoin is very volatile, many traders are considering other investment options of their Bitcoins.

SimpleFX, a brokerage company founded in 2014, offers traders an opportunity to utilize Bitcoins or Litecoins for investment in the Forex Market. What makes this company great is that they offer leverage to the traders, allowing them to trade small amounts with high volumes. They feature a wide variety of trading instruments that you can choose from and more than 60 currency pairs, oil, metals, stock indices, Litecoins, and Bitcoins.

SimpleFX allows traders to use Anonymous accounts with no minimum deposit required and no trading commission. They feature a wide range of important and useful information, as well as other tools to help traders achieve their goals.

With leverage, traders are able to make use of their benefits. They don’t need the entire capital to trade because only a small portion of the entire amount is enough. SimpleFX offers traders the opportunity to set their leverage levels, allowing adjustment of their plan and trading strategies. You can set the leverage level from 1:2 up to 1:500.

Aside from all that, the company also features an affiliate program that has multi-level connections and marketing tools. They also offer community features like Shoutbox, which allows traders to discuss anything pertinent.

SimpleFX trading is made through MetaTrader 4. A demo account can be opened by a broker’s client that will allow them to practice their skills before joining the real trading arena. Thus, if you are looking to put your Bitcoins to good use, you might as well consider looking into SimpleFX and open a demo account to test its platform and your skills.

Morgan Stanley First Quarter Profits Beats Wall Street Estimates

The first-quarter profit of Morgan Stanley beat the estimates of Wall Street as they cut costs and revenue from trading stocks and bonds decreased less than some analysts have predicted. Their shares increased.

The New York-based company issued a report stating that their net income dropped 53 percent to $1.3 billion, or 55 cents per share, from 2.39 billion or $1.18, a year earlier.

Although Chief Executive Officer James Gorman has been reducing the fixed-income trading division of the firm to emphasize the less volatile wealth management business, they are still exposed to slumping markets that can hurt results in Wall Street. Aside from Morgan Stanley, JPMorgan Chase & Company, Bank of America Corporation, and Citigroup Incorporated also reduced their expenses in order to compensate for their declining revenues. Meanwhile, Goldman Sachs Incorporated, which reported results on Tuesday, is going for the biggest cost-cutting effort in years, according to some people who are aware of this plan.

Revenue of Morgan Stanley

The revenue declined 21 percent to $7.9 billion in comparison to the $7.76 billion estimate of 18 analysts on the Bloomberg survey. Meanwhile, non-interest expenses dropped 14 percent to $6.05 billion, which is below the estimate of $6.42 billion. Compensation expenses were also reduced by 19 percent to $3.68 billion and non-compensation costs were down by 6.2 percent to $2.37 billion.

“The first quarter was characterized by challenging market conditions and muted client activity. While we see some signs of market recovery, global uncertainties continue to weigh on investor activity,” says Gorman in a statement.

Shares Increase

On the other hand, the shares of Morgan Stanley, which dropped 19 percent this year through Friday, have increased by 3.1 percent to $26.55. The firm generated $873 million in first-quarter fixed income revenue; that is 54 percent less than the previous year — the weakest start to the year since 2010.

Global Finance Leaders Meet in Washington

Global finance leaders are recently facing a shaky world economy and political attacks on free trade. They are looking for ways to increase cooperation to battle various economic threats during their meeting in Washington.

The International Monetary Fund (IMF) is encouraging countries to introduce a new round of public work projects that help improve roads and other types of infrastructures in the hopes of generating higher government spending to boost growth. But in the time of high deficits in budget, that call wasn’t met with strong support.

The discussions are part of the spring meetings of the 189-nation IMF and the World Bank, the sister lending organization. The leaders of both these institutions are giving cautions and warning about the need for greater efforts that will improve growth to ensure that the world economy won’t go back into recession.

The Group of 20, which represents the biggest economies in the world, recently wrapped up two-days of talks last Friday with Jacob Lew, the Treasury Secretary, and Janet Yellen, the Federal Reserve Chair, representing the United States. Meanwhile, meetings of the policy-setting panels of the IMF and World Bank were held last Saturday.

Mr. Lew met with his counterparts from Japan and China on Thursday. In a statement, the US side said that both Lew and Chinese Finance Minister Lou Jiwei discussed about the importance of China going towards a market-determined exchanged rate in an orderly and transparent manner, while communicating their policies and actions to the market clearly.

International Monetary Fund
International Monetary Fund (IMF) Managing Director Christine Lagarde speaks at a news conference during the the G5 Ministers of Finance meeting during the World Bank/IMF Spring Meetings in Washington, Thursday, April 14, 2016. ( AP Photo/Jose Luis Magana)

Take note that the government of China has roiled markets in August and January with actions that caused great concerns that the second largest economy of the world was slowing rapidly than predicted, a development that worried the economic fallout on other nations.

During the opening news conferences on Thursday, Christine Lagarde, the IMF Managing Director, and Jim Yong Kim, the President of the World Bank, emphasized the need for stronger policies that would help fight the growing risks. They both sought to address the political attacks on globalization, which helped propel the presidential campaign of Donald Trump in the US and triggered an upcoming election on whether or not Britain should exit the European Union.

Lagarde and KIim both agree that the answer to stagnant wages in a number of industrial nations and complaints of job loss to trade competition was to pursue policies that are growth-oriented, like boosting government infrastructure spending.

Singapore Affected by the Recent Movement of World Stocks

For over four months, world stocks yet again rose to their highest level on Thursday. The dollar also gained for the third day as markets were viewed positively ahead of the meetings between the top policymaker and oil producer.

At the IMF’s spring meeting, Singapore set the tone as their central bank eased their policies. Meanwhile, Europe was looking at the meeting of the Bank of England since sterling was continually having troubles over the vote on EU membership in June.

Oil prices have dropped again as OPEC advised of slowing demand and Russia suggested that there may only be a loose agreement on outputs at the exporter meeting in Doha this weekend.

The fall came when dollar — the currency most commodities were priced in — had yet again rose up to its highest one-day gain in a month. It was valued at $1.246 per euro, which is well above its 6-month low of $1.146, on Tuesday. It was also up by 0.1 percent against the yen to 109.42 yen from the 17-month low of 107.63 yen.

“The dollar has been doing well over recent days particularly against Asian currencies today after the MAS (Singapore central bank) eased policy,” says Societe Generale FX strategist Alvin Tan. “We have the IMF meetings coming and we also have the Doha meeting which actually for the markets could be more important considering how bulled u the oil market has been recently.”

European stocks, on the other hand, was subdued for the first few hours as the traders cashed in after they’ve gained 2.6 percent on Wednesday and as miners dropped on lower prices of oil.

The overnight big gains in Asia, however, implied that the MSCI’s 46-country All World stocks index has been its highest since mid-December, being up for 5 straight days. Since Friday, Asian shares have continually gained 5 percent.

The central bank of Singapore has set the Singaporean dollar policy band’s appreciation rate at zero after data showed economic growth has stalled in the first quarter this year. This caused the biggest fall for the Singaporean dollar in 9 months, which resulted to a drop in other Asian currencies. The Korean won declined as much as the Singaporean dollar, sinking by 1 percent against the USD.

“It’s very interesting, and eye-catching, that the MAS has gone back to post-global financial crisis settings, and sends as strong message about the weak external environment,” said the senior currency strategist of Westpac in Sydney, Sean Callow. “As one of the world’s most trade-sensitive economies, Singapore’s concern over a less favorable external environment should be noted by the likes of South Korea, Australia, and New Zealand.”