#crypto currency uk | Explore Tumblr posts and blogs

mostlysignssomeportents · 2 years ago

Text

Red Team Blues Chapter One, part three

With just days to the publication of my next novel, Red Team Blues, I’m taking the chance to serialize the first chapter of this anti-finance finance thriller, and introduce you to Marty Hench, a 67-year-old forensic accountant who specializes in Silicon Valley finance scams.

If you’d like an essay-formatted version of this post to read or share, here’s a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

https://pluralistic.net/2023/04/19/whats-wrong-with-iowa/#henched

Marty is ready to retire, but there’s just one more job he has to do — recover a billion dollars’ worth of cryptographic keys that are claimed by money-launderers, narcos, and shady US three letter agencies.

Here’s the previous installments:

Part one:

https://pluralistic.net/2023/04/17/have-you-tried-not-spying/#unsalted-hash

Part two:

https://pluralistic.net/2023/04/18/cursed-are-the-sausagemakers/#henched

Here’s where US readers can pre-order the book:

https://us.macmillan.com/books/9781250865847/red-team-blues

Here’s pre-orders for Canadians:

https://services.raincoast.com/scripts/b2b.wsc/featured?hh_isbn=9781250865847&ht_orig_from=raincoast

And for readers in the UK and the rest of the Commonwealth:

https://uk.bookshop.org/p/books/red-team-blues-cory-doctorow/7225998?ean=9781804547755

And now, here’s today’s serial installment:

I grunted noncommittally. Danny had been around since crypto meant “cryptography,” and I hadn’t figured him to become one of these blockchain hustlers. They’re the kind of smart people who outsmart themselves, especially when it comes to shenanigans, forgetting that their public ledger is public and all their transactions are visible to the whole world forever. Forensic accounting never had a better friend than crypto, with its mix of public ledgers, deluded masters of the universe, and suckers pumping billions into the system. It was full employment for me and my competitors until cryptocurrency’s carbon footprint rendered the earth uninhabitable.

“There are certain technical differences between Trustless and other coins. Will you allow me to explain them to you? I promise it’s germane and I’m not trying to sell you anything.” “Aw, hell, Danny, you can tell me anything. I just get sick of being hustled.”

“Me, too, pal. Okay, if you mentioned distributed sudoku puzzles, you know something about proof of work: the way blockchain maintains the integrity of its ledger is by having everyone in the system repeatedly do compute work that reaffirms all the entries in the ledger. So long as the value of all the assets in the ledger is less than the electricity bill for taking over the majority of the compute work, they’re safe.”

“That means that the more valuable all this blockchain stuff becomes, the more coal they have to burn to keep it all from being stolen,” I said. It was something I’d almost said to the bros at dinner the night before, but I didn’t want an argument to distract from the otherwise lovely time I’d been having with my entirely lovely companion.

“That’s fair,” he said. “That’s what every greenie who hasn’t received a couple of mil in donations from surprised crypto-millionaires will tell you. But, Marty, that’s a problem with proof of work, not with distributed ledgers. If you could build a blockchain that had a negligible carbon budget, you could do a lot with it.”

“Launder money. Badly.”

“That,” he said. “Lot of Chinese entrepreneurs and officials are anxious to beat currency controls. But it’s not just money, it’s anything you want to have universally available, unfalsifiable, and cryptographically secured.”

“Laundered money.”

He made a face. “Cynic. Not laundered money. Genocide-proof ID. Cryptographically secured, write-only manifests of a person’s identifiers, including nationality, vitals, and ethnic group, but each one has its own key, held by the Blue Helmets. You get to a border and you present your biometrics, and the UN tells the border guards your nationality but not your ethnicity.”

“Fanciful.”

“Cynic! Yeah, fine, no one’s doing it yet, but we could. All that blockchain for good shit that the hucksters talked up to make it sound like proof of work wasn’t a crime against humanity. Trust lesscoin lets you do them because it doesn’t need the sudoku.”

I dredged up memories of half-digested podcasts I’d listened to on the road. “Is it a proof-of-stake thing?”

He snorted. “Don’t try to sound smart, Marty, you’ll sprain something. No, it’s secure enclaves. That crypto-sub-processor in your iPhone that Apple uses to keep you from switching to another app store? It can run code. What’s more, it can sign the output. So we can send you a program and check to see whether it ran as intended, because we know that the owner of a phone can’t override the secure enclave. Far as Apple’s concerned, iPhone owners are the enemy, and their threat model treats the device owner as an adversary — as someone who might get apps someplace that doesn’t kick a fifteen to thirty percent vigorish up to Apple for every transaction, depriving its shareholders of their rake.

“Any device with a secure enclave or other trusted computing module is a device that treats its owner as the enemy. That’s a device we need, because when you’re in the Trustlesscoin network, that device will defend me from you, and you from me. I don’t have to trust you, I just have to trust that you can’t break into your own phone, which is to say that I have to trust that Apple’s engineers did their job correctly, and well, you know, they’ve got a pretty good track record, Marty.”

“Except?”

He finished his lemonade and scowled at the reusable straw.

“Yeah, except. Look, Trustlesscoin is on track to become the standard public ledger for the world. I know, I know, every founder talks that ‘make a dent in the universe’ crap, but I mean it. You want to know how serious I am about this? I took in outside capital.”

He let me sit with that a moment. Danny Lazer, the man who ate ramen in a twenty-year-old, bent-axle RV for decades with the love of his life so he’d never have to take a nickel from any of those bloodsuckers on Sand Hill Road, and he took in outside capital. Danny Lazer, a man who’d owned 75 percent of a unicorn, which is to say, seven-point-five-times-ten-to-the-eight U.S. American Greenback Simoleon Dollars, and he took in outside capital.

“Why? And also, what for?”

He laughed. “Watching you work out a problem is like watching a bulldog chew a wasp, brother. You’ve got a hell of a poker face, but when you start overclocking the old CPU, it just melts. I’ll tell you why and what for.

“First of all, I wanted to create something for Sethu. She’s never had the chance to live up to her potential. She’s smart, Marty, smart like Galit was, but she’s also technical, and managerial, and just born to run things. I’ve never met a better candidate for a CEO than she is. And I’m not young, you know that, and there’s going to be a long time after I’m dead when she’ll still be in her prime, and I wanted to make something she could grow into and grow around her.

“I’d been playing with the idea behind Trustless since the early 2000s, when Microsoft released its first Trusted Computing papers, all the way back in the Palladium days! So Sethu and I hung up a whiteboard in the guest room and started spending a couple of hours a day in there. I didn’t want to bring in anyone else at first, first because it seemed like a hobby and not a business, and hell, every cryptographer I know is working seventy-hour weeks as it is.

“Then I didn’t want to bring in anyone else because I got a sense of how big this damned thing is. I mean, there’s about two trillion in assets in the blockchain today, and that’s with all the stupid friction of proof-of-work. When we lift the shackles off of it, whoosh, we’re talking about a ledger that will encompass more assets than the total balance sheets of twenty or thirty of the smallest UN members . . . combined.

“You know me, Marty. I don’t believe in much, but when I do believe in something, I’m all in. All. In. And so I brought some people in.”

“What for, though? Danny, how much of your Keypairs jackpot did you manage to blow? How much money could you possibly need, and for what? Are you building your own chip foundry? Buying a country?”

“We actually thought of doing both of those things, you know, but decided we didn’t need the headaches. The Keypairs money’s only grown since I cashed out, thanks to the bull runs. I can’t spend it all, won’t be able to. It would sicken me to try, because I’d have to be so wasteful to even make a dent in it.

“The reason I went for outside capital wasn’t money, it was connections.”

I groaned. Every grifter in private equity and VC-land claimed that they had “connections” that represented value add for their portfolio companies. The social butterfly market was implausible on its face, and in practice, it was just a way of turning cocktail parties into a business expense. “Come on, Danny, you know people already.”

“Not these people.” And he did the thing. He looked from side to side, up and down. He turned off his phone and held his hand out for mine and carried them both to the little step next to the water feature and set them down on it so they’d be in the white-noise zone. He came back, looked around again. “I got signing keys for four of the most commonly deployed secure enclaves.” He looked around again.

“I think I know what that means, Danny, but maybe you could spell it out? I’m just a dumb old accountant, not a cryptographic legend like yourself. And for God’s sake, stop looking around. I’ll let you know if I see anyone sneaking up on us.”

“Sorry, sorry. Okay. The secure enclave gets a program, runs it, and signs the output. The secure enclave’s little toy operating system says that it does this reliably and without exception. You see a signature on a program’s output, you know the program produced it. That toy OS, it’s simple. Stupid. Brutal. Does about six things, very well, and nothing else. You can’t change that program. Secure enclaves are designed to be non-serviceable. Even taking them off the mainboard wrecks them. You get them into a lab and decap them and hit them with an electron-tunneling microscope, you still won’t be able to recover the signing keys or force a false sig.

“But if you have the signing keys? You can just simulate a secure enclave on any computer. Then you can run any operating system you want on it, including one that will forge signatures. You do that, and you can falsify the ledger. You can move unlimited sums from any part of the balance sheet to your part of the balance sheet. You can jackpot the whole fucking thing.”

I blew out air. “Well, that seems like a defect in the system, all right.”

“It can’t be helped. We call it Trustless, but there’s always some trust in a system like this. You’re not trusting the other users of the system or the company that made the software. You’re trusting that a couple of leading manufacturers of cryptographic coprocessors and sub-processors, companies with decades of experience, will maintain operational security and not lose control of the keys that their entire business — and the entire business of all their customers and their customers’ customers — are dependent upon. You’re not trusting the other users, but you’re trusting them.”

“And yet,” I said, looking over at Sethu, who was painting away and performing an excellent simulation of someone who wasn’t eavesdropping, “you found someone willing to sell you some of those keys.”

“Yes,” he said and gave me a calm, no-bullshit, eye-to-eye stare. “I did. It’s useful to have those, especially when you’re first kicking a new cryptocurrency around. You make a smart contract with a bad line of code in it, you create a bug bounty with an unlimited payout. So in the early days, when you’re figuring this stuff out, you do a little ledger rewriting.”

“You do rewriting on a read-only ledger that no one is ever supposed to rewrite.”

He rolled his eyes. “Ethereum did it early on, moved fifty mil in stolen payout from a bad smart contract out of the crook’s account and back into the mark’s account. No one made too much of a fuss. I mean, the immutable ledger sounds like a great idea until someone no stupider than you gets taken for fifty mil, and then rewriting the ledger is just sound fiscal policy in service to fundamental justice.”

“But Ethereum told everyone they were doing it. Sounds like you did it all on the down low?”

“We were early. No one was even paying attention. All we wanted was a ledger whose early entries weren’t an eternal monument to my stupid mistakes as I climbed the learning curve.”

“Fine. Vain, but fine. Still, getting those keys meant a lot of power for a little reputation laundering.”

He sighed and looked away. “Yeah. The thing is, I’m not the only one who makes mistakes. We are aiming for trillions secured on our chain. Trillions, Marty. Ten to the twelve. It’s an unforgiving medium, and the stakes are high. The Ethereum lesson was clear: a couple of divide-by-zeros or fence post errors, a single badly typed variable or buffer overrun, and the whole thing could sink. I needed an eraser. Not on day zero but well before I attained liftoff.”

“Every hacker builds in a back door, huh?”

“Don’t call it that. Call it an Undo button.”

“Okay, then. An Undo button in a system whose cryptography is supposed to prevent undo at all costs. But not a back door.”

“You, my friend, are too smart. I miss the days when forensic accountancy and security engineering were distinct fields. ” “Me, too, pal. So what happened? Your keys took a walk?”

Tomorrow (Apr 21), I’m speaking in Chicago at the Stigler Center’s Antitrust and Competition Conference. This weekend (Apr 22/23), I’m at the LA Times Festival of Books.

#pluralistic #fiction #technothrillers #crypto means cryptography #crypto #cryptocurrency #books #serials #martin hench #`red team blues

18 notes · View notes

mariacallous · 2 years ago

Text

Following the bankruptcy of one of the world’s largest cryptocurrency exchanges, FTX, the price of bitcoin (BTC) has tumbled again. It is now about $16,500 – a far cry from the all-time high of $66,000 just a year ago.

Why such a large drop in value? It’s because of the highly toxic combination of an exchange (an electronic platform for buying and selling) called Binance, a stablecoin (a crypto whose price is pegged 1:1 to the US dollar or another “fiat” currency) called tether, and the skilled professional traders running high-frequency algorithms.

Unlike stocks, bitcoin can be traded on many different exchanges, but Binance has more than 50% of the entire crypto market, and as a result it sets the price of bitcoin and other cryptocurrencies. In order to buy cryptocurrencies, traders must convert fiat money, into a stablecoin like tether. Bitcoin-tether has by far the largest volume of all products on Binance, and because one dollar usually equals one tether, trading on bitcoin-tether sets the dollar price of bitcoin. But when bitcoin crashes, so does the entire crypto ecosystem.

The issue is that Binance is only self-regulated, meaning it is completely unregulated by traditional market regulators such as the Securities Exchange Commission in the US or the Financial Conduct Authority in the UK. This is a great attraction for professional traders because they can deploy high-frequency price-manipulation algorithms on Binance, which are against the law in regulated markets. These algorithms can cause rapid price movements up and down, making bitcoin extremely volatile.

Binance does its own clearing and settlements of trades, the same as all other self-regulated crypto exchanges. This means that losing counterparties – those on the other side of profitable trades – often have their positions wiped out automatically without notice.

Unlike normal exchanges, self-regulated crypto exchanges aren’t required to raise the alarm when a trade has lost so much money that the collateral in the account needs topping up. Instead, traders are solely responsible for funding their accounts by continually monitoring something called the liquidation price. This is done automatically by the algorithms run by professional traders, but it is exhausting for ordinary players like you and me, who need to remain highly vigilant whenever manipulation is being used to create the volatility that professional traders use to increase their profits.

When professionals trade against each other it is called toxic flow, because the chance of profit is more like 50-50 if their algorithms are equally fast and effective. Professional traders much prefer their counterparty to be an ordinary investor.

This is worrying because Binance has been hugely successful at attracting ordinary investors. The fees it earns from this kind of investor have funded its very rapid expansion; it is now branching out with its own stablecoin, blockchain and NFT marketplace. Binance is consolidating its role as the Amazon of crypto, following a very effective business model.

In some ways one can liken the current circumstances in crypto markets to the burst of the dotcom bubble in 2001-2. The venture capital that had poured into internet startups in 1999-2000 suddenly dried up, as many companies went bankrupt. This year, Three Arrows Capital, one of the largest crypto hedge funds, defaulted on its loans, and major crypto-lending companies Celsius and Voyager filed for bankruptcy as the price of bitcoin collapsed, following some unexpected and shocking attacks on a new type of stablecoin called Terra. Following the bankruptcy of FTX, several other exchanges such as Gemini, and lending platforms (shadow banks) including Genesis are preventing customers from withdrawing their funds.

We shall see a lot more of this contagion, precipitating widespread bankruptcies among startups now that venture capital has dried up in the crypto sector. More exchanges and lending platforms, as well as blockchains, NFT marketplaces, data aggregators and analytics companies, will all bite the dust.

Binance could emerge from this chaos with a monopoly. But right now, this non-domiciled and self-regulated company still needs fee revenue from ordinary investors, and it needs market makers (professional traders akin to unfriendly stall holders on the exchange) to conduct its business.

The danger is that everyone is very scared now, so the only way to draw in ordinary investors is to pump up the price of bitcoin again. This would tempt people back into the crypto game, only to have their savings wiped out as the cycle of volatility continues.

13 notes · View notes

ulanterrenetradingtips · 1 year ago

Text

The Current State of Forex, Cryptocurrency, and Gold Trading: An Overview

by Ulan Terrene

In the fast-paced world of trading, navigating through the complex dynamics of Forex, cryptocurrency, and gold requires a deep understanding of the markets. This article aims to provide a comprehensive view of these trading realms.

Quick plug: In the vast labyrinth of trading, I’ve found my guiding light — Decode. As a connoisseur of Forex, cryptocurrency, and gold, this platform is my master key, unlocking the treasures of the financial markets. Its sophistication whispers to my experienced mind, while its simplicity beckons beginners into the dance. With Decode, I tread confidently on the shifting sands of trading. Join me, won’t you?

The Landscape of Forex Trading

The Forex market, the largest and most liquid financial market globally, witnesses the United Kingdom leading the charge, accounting for 38% of global foreign exchange turnover. The United States and Singapore follow suit, with contributions of 19% and 9% respectively.

Out of the 10 million forex traders worldwide, the largest segment, 3.2 million, are from Asia, with Europe and North America contributing 1.5 million each. Africa and the Middle East boast 1.3 million and 1 million traders, respectively, while South America and Central America together make up nearly a million. The smallest contingent, with 190,000 traders, resides in Oceania.

The demographics of Forex traders reveal that men make up 89% of the traders, while women, though fewer in number (11%), outperform men by 1.8%, exhibiting a preference for long-term strategies over short-term risk. Interestingly, a considerable segment of Forex traders are younger than expected, with 55% of them falling under the age of 44.

Regulatory Measures and Trading Platforms

Regulation and oversight are fundamental to Forex trading, ensuring that traders engage with fully licensed brokers. Top-tier financial regulators worldwide advocate for a strong legal framework, stringent licensing requirements, robust investor protection measures, and regular audits and inspections.

The growth of Forex trading platforms since 1996 has democratized access to foreign exchange markets. MetaTrader 4 (MT4), launched in 2005, remains the most popular platform, even after the introduction of MetaTrader 5 in 2010.

Forex Trading in Australia

Australia leads the world in CFD/FX trading on a per-capita basis, with over 100,000 Australians executing one or more FX or CFD transactions in 2021. The average deposit by Australian traders into their FX/CFD account was $8,400 during January-October 2021.

The Emergence of Cryptocurrencies

The release of Bitcoin in 2009 marked a significant milestone in the trading world, heralding the advent of decentralized currencies. Since then, the crypto market has grown to include over 6,600 other cryptocurrencies. Despite market fluctuations, these highly volatile and potentially profitable cryptos, usually traded against major fiat currencies, continue to attract speculators.

The Impact of the COVID-19 Pandemic

The COVID-19 pandemic heightened global interest in Forex trading, which peaked in May 2020. Volume was 34% higher than the same month in 2020, with significant increases observed in the UK (up 137%) and Australia (up 67%). As the pandemic receded, the popularity of Forex trading saw a slight decline.

Final Thoughts

While it’s challenging to provide exact figures on the average profit or loss made by individual Forex traders, or the number of people who quit Forex trading, it’s important to note that trading Forex can be highly risky. Market volatility, coupled with a lack of preparation or understanding of the markets, often leads to significant losses. Hence, traders should be well-versed in risk management and never trade more than they can afford to lose.

Given the diverse landscape of Forex trading, it’s crucial for anyone interestedin this field to thoroughly understand the markets’ dynamics. Whether it’s the demographic distribution of traders, the regulatory oversight, the popular trading platforms, or the unique trends in different regions like Australia, every facet of the trading world contributes to the overall picture.

The emergence and growth of cryptocurrencies have added another layer of complexity and opportunity to the trading world. These digital assets, while highly volatile, offer potential profits for savvy traders willing to navigate their intricacies. However, as with all forms of trading, a clear understanding of the risks involved and an effective risk management strategy are key to success.

The impact of global events on the trading world is another important consideration. The COVID-19 pandemic, for instance, significantly boosted interest in Forex trading. Traders must stay informed about such developments to adapt their strategies accordingly.

In conclusion, the world of trading Forex, cryptocurrencies, and gold is constantly evolving, driven by factors ranging from demographic trends and regulatory changes to technological advancements and global events. As traders, we must strive to stay ahead of the curve, continually learning and adapting to navigate these exciting markets effectively.

#forextrading #cryptotrading #gold trading

2 notes · View notes

worldtopic6 · 3 hours ago

Text

The Best No KYC Crypto Casinos in the UK: Enjoy Anonymous Gaming with Voice4Change England

In recent years, the world of online casinos has undergone a significant transformation, with the rise of No KYC (Know Your Customer) crypto casinos. These casinos are becoming increasingly popular in the UK, offering players the freedom to gamble anonymously without the need to provide personal details or undergo no kyc crypto casino identity verification. This has attracted players who prefer privacy and want to avoid the scrutiny associated with locally regulated casinos. If you're looking for the best No KYC crypto casinos in the UK, look no further than Voice4Change England.

What Are No KYC Crypto Casinos?

No KYC crypto casinos are online gambling platforms where players can sign up, deposit, and withdraw their winnings using cryptocurrencies without the need for traditional identity verification processes. This means that players do not have to submit personal documents like a passport or utility bills. As long as you use cryptocurrency like Bitcoin, Ethereum, or other digital currencies, your anonymity is preserved.

The rise of these casinos is driven by the growing demand for privacy, fast transactions, and decentralized gambling options. Players no longer need to worry about their personal data being stored or shared, making the experience smoother and more secure.

Why Choose Voice4Change England for No KYC Crypto Casinos?

At Voice4Change England, we understand that privacy is a top priority for many casino players. That's why we focus on providing the best No KYC crypto casinos for users who value anonymity and convenience. We’ve curated a list of the top-rated platforms that allow you to enjoy your favorite games without the hassle of identity verification. Here’s why our platform stands out:

Comprehensive List of the Best No KYC Crypto Casinos UK Voice4Change England has thoroughly researched and handpicked the best No KYC crypto casinos in the UK. Our reviews cover essential aspects like user experience, game variety, security measures, and payment options. We take the guesswork out of choosing a No KYC crypto casino so you can focus on what matters—winning big.

Variety of Cryptocurrencies Accepted Our recommended No KYC casinos accept a wide range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and other popular altcoins. This flexibility ensures that players have multiple options for deposits and withdrawals, all while maintaining their privacy.

Fast and Secure Transactions No KYC crypto casinos offer fast transactions, with deposits and withdrawals processed within minutes. By using cryptocurrency, players can avoid delays often associated with traditional banking methods. Enjoy seamless transactions without worrying about lengthy verification processes.

Enhanced Privacy and Security One of the biggest advantages of using No KYC crypto casinos is the enhanced privacy and security they provide. With no need for personal information to be shared, you can enjoy anonymous gaming. Our platform ensures that your chosen casinos are trustworthy and utilize top-notch security measures to protect your funds and privacy.

No KYC Withdrawals Casinos Voice4Change England specializes in No KYC withdrawal casinos, meaning that you can cash out your winnings without the need to verify your identity. This makes the withdrawal process quicker and more convenient for those who prefer not to provide personal documents.

What Services Can You Expect from Voice4Change England?

Voice4Change England is committed to providing a comprehensive platform for players who want to explore No KYC crypto casinos in the UK. Our services include:

In-depth Reviews and Recommendations: We provide detailed reviews of the top No KYC crypto casinos UK, evaluating them based on important factors like games, bonuses, user experience, and more.

Expert Guidance: Our experts are available to guide you in selecting the best No KYC casino for your preferences. Whether you’re looking for a crypto casino with no KYC requirements, no KYC Bitcoin casinos, or a platform that supports fast withdrawals, we have you covered.

Up-to-date Information: The world of crypto casinos is constantly evolving, and we ensure that our website is regularly updated with the latest trends, new casino launches, and any changes to existing platforms.

Why Are We the Best?

When it comes to finding reliable, trustworthy, and secure No KYC crypto casinos, Voice4Change England stands out from the competition. Here’s why we are the best choice for players in the UK:

Focused on Anonymity: We specialize in anonymous gaming experiences. Our recommended casinos prioritize user privacy, offering No KYC policies that allow you to play without sharing personal details.

Expertly Curated Listings: Our team has extensive knowledge of the crypto gambling industry. We ensure that only the best No KYC crypto casinos are featured on our site, saving you time and effort in finding trustworthy platforms.

Comprehensive Support: From finding the best crypto casinos with no KYC to helping you understand how to navigate the world of online crypto gambling, we offer support at every step.

Conclusion

No KYC crypto casinos are revolutionizing the online gambling experience, and Voice4Change England is your trusted partner in exploring these exciting platforms. Whether you’re a seasoned player or new to the world of crypto gambling, our website offers all the information, reviews, and support you need to enjoy a seamless, anonymous gaming experience.

0 notes

calibraint · 2 days ago

Text

Top 10 NFT Development Companies

The emergence of blockchain technology has ignited a wave of innovation, reshaping industries across the globe. Among its most revolutionary outcomes are cryptocurrencies and non-fungible tokens (NFTs), which have opened exciting new possibilities for the digital art world and are seen as a key element in the future of the digital economy.

But what are NFTs exactly? Non-fungible tokens are unique digital assets based on blockchain technology, setting them apart from traditional currencies that can be exchanged one-for-one. Like physical art, NFTs allow for ownership to transfer from one person to another, enabling individuals to buy, sell, and trade digital art on prominent NFT marketplaces—sometimes for substantial profits. Artists are also benefiting, with figures such as Beeple making headlines after selling an NFT artwork for $29 million.

Here are some of the top companies driving NFT development across the globe:

1. Calibraint

Calibraint is a leading NFT development company based in the USA, offering a range of services such as NFT minting, smart contract development, marketplace creation, real estate tokenization, peer-to-peer exchanges, and crypto collectibles. Founded in 2015, Calibraint has earned a solid reputation for delivering innovative solutions globally. Their hourly rates range from $30 to $50, with a minimum project size of $10,000. The company also specializes in mobile and web development, blockchain solutions, and custom software development.

2. SemiDot Infotech

SemiDot Infotech, based in the USA, is a top NFT development firm that offers services like NFT minting, smart contract creation, IPO development, real estate tokenization, and white-label NFT marketplace development. Founded in 2011, the company serves clients in the USA, UAE, UK, and India, with an hourly rate of $25 to $30 and a minimum project size of $5,000. SemiDot Infotech also excels in mobile and web development and wearable app development.

3. LeewayHertz

LeewayHertz is an established NFT development agency in the USA, specializing in Web3 solutions such as blockchain, DeFi, gaming, and the metaverse. Founded in 2011, LeewayHertz has worked with major clients including P&G, McKinsey & Company, and ESPN. They charge an average hourly rate of $50 to $99, with a minimum project size of $10,000. The company has offices in San Francisco, New York, Chicago, and India.

4. Appinventiv

Appinventiv is a global leader in digital engineering with more than nine years of experience in blockchain and NFT development. Their team of over 1,600 certified tech experts ensures industry-leading security and a seamless user experience. Founded in 2015, Appinventiv's hourly rates range from $25 to $50, with a minimum project size of $25,000. Notable clients include KFC, Adidas, and IKEA.

5. PixelPlex

PixelPlex, with over a decade of experience, is recognized for its innovative work in blockchain and NFT development services. Having successfully completed over 450 projects, they offer blockchain solutions, business consulting, and big data consulting. Founded in 2007, PixelPlex charges $50 to $99 per hour, with a minimum project size of $25,000. Their client roster includes Microsoft, Oracle, and BMW.

6. Antier Solutions

Antier Solutions is a leading NFT development company, offering tailored services for startups and entrepreneurs. With expertise in cryptocurrency development, P2P exchanges, and metaverse solutions, Antier provides scalable blockchain and NFT services. Founded in 2005, the company has an hourly rate of $25 to $49, with a minimum project size of $10,000.

7. Cronj

Cronj is a prominent NFT development company in the USA, specializing in NFT marketplace creation, NFT smart contract development, and marketplace support. Established in 2012, Cronj offers competitive pricing, with an hourly rate of under $25 and a minimum project size of $1,000. Their clients include Unilever, Nokia, and Apollo Hospitals.

8. Tokenminds

Tokenminds.co is a standout NFT development firm in the USA, known for offering a comprehensive suite of services tailored to various industries. Founded in 2017, they offer blockchain and NFT solutions with an hourly rate ranging from $25 to $49 and a minimum project size of $20,000.

9. Artjoker

Artjoker is a well-regarded NFT token development company specializing in Web 3.0 solutions. With over a decade of experience, Artjoker has built a strong reputation in various niches. Founded in 2006, their hourly rates range from $50 to $99, with a minimum project size of $20,000.

10. Blockchain App Factory

Blockchain App Factory is a leading player in the NFT development space, specializing in Web 3.0, ICOs, STOs, and DApps. Founded in 2013, they offer extensive blockchain development services with an hourly rate of $25 to $49 and a minimum project size of $20,000.

#nft development company #nft development companies #nft token development company in chennai

0 notes

starseedfxofficial · 2 days ago

Text

Market Drifts Lower as Traders Eye CPI and Fed Chatter When Stocks Take a Siesta, What's a Forex Trader to Do? It seems like the market decided to hit the snooze button today, with APAC stocks mostly yawning instead of rallying. We can hardly blame them, given the less-than-rosy inspiration coming from the US overnight. Higher yields didn't exactly sprinkle any fairy dust either. But don't get too comfortable – there are still a few hidden gems in this sleepy session if you know where to look. Europe's Mood: Not Exactly a Fiesta Looking across the pond, European equity futures are throwing a little tantrum, indicative of a lower open. The Euro Stoxx 50 futures are down 0.4%, suggesting the market has no intention of getting over yesterday’s 2.3% dip anytime soon. It's almost like the whole continent is still processing that cringe-worthy Eurovision entry from last year (you know the one). But here's where the real magic happens: this downbeat tone could be presenting an opportunity. While the broader market has its head down, it’s a good time to scout for those juicy individual plays. Sometimes, it's in these "everyone's-sad-so-no-one’s-looking" moments that the real opportunities lurk—the kind that seasoned traders love to pounce on. Are you one of them? Currencies & Bond Shifts: When the Dollar Roars The dollar is keeping its crown above 106 on the DXY index, and the USD/JPY pair has swaggered above 155. That pair’s recent journey is like watching someone attempt a high-wire act while holding a cup of hot coffee – impressive but nerve-wracking. Over on the EUR/USD front, the euro is just managing to keep its head above the 1.06 waterline, but the situation is like one of those corny soap operas: it could turn dramatic any minute. Now, let's talk about bunds. They’re lower, which has investors fidgeting a bit, and crude oil? Well, it’s got a slight spring in its step. Nothing dramatic—more like a casual Monday stroll through the park. Meanwhile, Bitcoin’s decided to take a breather from its record high, because even crypto needs a nap now and then. What's Next? Key Events to Watch So, what can potentially spice things up as we roll on? The highlight reel for today includes the much-anticipated US Consumer Price Index (CPI). Will inflation have another surprise for us, or will it behave like that one friend who always promises to keep it chill but ends up overdoing it at every party? If CPI brings any surprises, expect fireworks in the forex market. Also on the docket: Fed officials Logan, Williams, Musalem, Kashkari, Schmid, and RBA's Bullock are set to make appearances. These folks love their speeches almost as much as traders love a good scalp. So, keep your ears open—it’s moments like these that can turn a standard trading day into a rollercoaster. Throw in some supply from the UK, Italy, and Germany, and you've got yourself quite the lineup. Hidden Gems to Watch As the market drifts into a mid-week siesta, it’s worth noting that these quieter sessions often hide little-known opportunities. Take bunds for example – sometimes, what’s down today may be ready to rebound tomorrow, especially if everyone else is too busy yawning to notice. And that crude oil? If it keeps its slow ascent, we might see a new energy play unfold—something worth keeping an eye on. Markets are like that quiet friend at a party: they might not always be loud, but they’ve got the best stories if you know when to listen. Stay tuned, keep those charts open, and remember: a subdued market is just waiting for someone with an edge to find that hidden gem. —————– Image Credits: Cover image at the top is AI-generated Read the full article

0 notes

brightmindhub · 10 months ago

Text

Alchemy Markets Scam Exposed

The offshore broker Alchemy Markets, a member of the Alchemy Group that also comprises the FCA-regulated Alchemy Prime and the Vanuatu-based FXPIG, came under fire from the Spanish CNMV in July 2022. The same brand and trading style are used across various domains and websites, potentially or purposefully misleading customers, as is often the case with these worldwide broker schemes. By acquiring clients from Europe and the UK, the offshore broker Alchemy Markets is breaking relevant regulatory regulations. This is our most recent review.

Short Narrative

While the offshore division of the Alchemy Group uses the name Alchemy Markets and the domain https://alchemymarkets.com, the UK FCA-regulated investment firm Alchemy Prime operates the website with the domain https://alchemyprime.uk. The word “Alchemy” serves as the basis for the used logos. They use the same primary graphic components but make additions (see image on the left).

The webpage for the offshore mutation is poorly designed. Documents such as the KYC Policy, Privacy Policy, and Client Agreement, for instance, are absent. The link goes nowhere; all you get is the error message 404. Additional links on the Alchemy Markets offshore broker website point to the FCA-regulated entity’s Client Agreement.

Furthermore, Alchemy Group uses the FCA-regulated Alchemy Prime Ltd as a payment agent to run the offshore broker FXPIG through Prime Intermarket Group Asia Pacific Ltd, which is registered in Vanuatu and licensed by the VFSC. The FXPIG website states that every company is managed by a single entity.

Gope Shyamdas Kundnani, an Indian national born in 1957, is the owner of Alchemy Group, according to documents obtained through Alchemy Prime Holdings Limited from UK Companies House.

KYC Deposits Prior to

We did not find any limitations on the pre-KYC first-time deposit amount in our payment simulation on October 10, 2022. Through a bank transfer to the multi-currency accounts of the offshore broker scheme at Franx and Blackthorn Finance in the UK, located in Amsterdam, we would have been able to send $50,000 to the scheme.

Alchemy Markets (As claimed)

For each and every one of our clients, Alchemy Markets provides Institutional Access to the Global Financial Markets. Trade your preferred instruments with a variety of free tools and round-the-clock customer assistance, including stocks, forex, indices, cryptocurrencies, and CFDs.

With more than ten years of industry experience, Alchemy Markets offers some of the greatest trading conditions available, including institutional liquidity, spreads, and execution along with zero commission costs and round-the-clock customer service. We offer the most widely used trading platforms, including MT4, MT5, and FIX API, in addition to free resources and research to help our customers along the way.

Do you manage money or are you an IB? Use CopyTrading or PAMM software to trade on behalf of your clients. Charge personalised management and performance fees, keep tabs on your customers with our real-time CRM, and much more with Alchemy markets.

Alchemy Markets offers services related to forex trading. A vast array of assets, including currencies, indices, cryptocurrencies, and commodities, are available to traders across several marketplaces. In contrast, Alchemy Markets offers a free demo account that you can use to explore and become acquainted with their platform. The UK is home to its main office.

Trading Cryptocurrencies

Since cryptocurrencies have such high levels of volatility, trading them is a lucrative and potentially very profitable area of investing. With more than 60 distinct Crypto CFDs, Alchemy Markets has a fantastic offer for any trader looking to take advantage of the competitive conditions and enter into this rapidly expanding sector. 10:1 leverage, 100% STP execution, and costs as low as 0.35% Round Turn are available for cryptocurrency trading. After creating an account with this online broker, cryptocurrency traders can use the MT4 platform for trading.

Wind-Up- A Six-Step Guide to Verifying the Legitimacy of Your Broker

Even though investing has become risk-free, inexpensive, and effective for regular investors, there are still certain cases of brokerage fraud committed to defraud gullible or avaricious investors.

There are numerous methods for determining the legitimacy of your broker. Do your homework in advance at all times.

Avert cold calls, investigate the firm’s and the broker’s or planner’s record for any disciplinary issues, and look for funny stuff on your statements.

If in doubt, there are a few different ways to report anything and ask for compensation.

The most reliable source for finding out about a broker’s status is FINRA.

You may safeguard yourself against doing business with a dishonest broker or other financial professional by following these six steps:

1. Avoid Making Cold Contacts

Any broker or investment advisor who reaches you out of the blue from a company you have never done business with should be avoided. The correspondence may be sent by letter, email, or phone. Invitations to financial seminars that provide complimentary lunches or other goodies in an attempt to win you over shouldn’t fool you into lowering your guard and making rash investments.

The SEC further advises being extremely wary of callers that employ high-pressure sales techniques, advertise once-in-a-lifetime prospects, or decline to provide written information about an investment.

2. Engage in Discussion

You should feel at ease with the individuals offering you guidance, goods, and services, whether you’re searching for a financial counsellor or a broker. Inquire extensively about the company’s offerings and its track record serving customers with comparable demands to your own.

3. Conduct some research

When investigating a financial expert, it’s advisable to start with a straightforward web search using the broker’s and firm’s names. This could include recent announcements, media coverage of purported misconduct or disciplinary measures, client discussions on internet discussion boards, background data, and other specifics. A search engine query for “Lee Dana Weiss,” for example, yields hundreds of thousands of results, one of which is a link to the press release regarding the SEC’s lawsuit against him and his company.

4. Confirm your SIPC membership

Additionally, you ought to confirm whether a brokerage company belongs to the Securities Investor Protection Corporation (SIPC), a nonprofit organisation that offers investors protection for up to $500,000 (including $250,000 in cash) in the event that a company fails, much like the Federal Deposit Insurance Corporation (FDIC) does for bank customers. Always make cheques payable to the SIPC member firm rather than a specific broker when investing.

5. Frequently Review Your Statements

Setting your investments to run on autopilot is the worst thing you can do. Whether you receive your statements in print or online, carefully reviewing them might help you catch errors or even malfeasance early on. Inquire if there are unexpected changes in your portfolio or if the returns on your investments aren’t what you anticipated. Reject complex guarantees that you don’t fully comprehend. Ask to talk with a higher-ranking official if you are unable to acquire clear answers. Never worry that people will think less of you or that you’re a bother.

6. If in doubt, take money out and file a complaint.

Take your money out of the investment advisor if you think there has been misconduct. Next, submit complaints to the same state, federal, and private authorities whose websites you visited when you checked out the financial professional to start with

Bottom Line

Even though the Great Recession is resolved, brokers and investment advisors are still breaking the law. Thus, before entrusting a financial expert with your money, conduct in-depth study and keep a careful eye on your accounts. It is possible for investments to perform below expectations for valid reasons. However, if you start to feel uneasy about your returns or have other problems that the advisor doesn’t address promptly and effectively, don’t be afraid to withdraw your money.

#finance #investing #news

0 notes

archax · 24 days ago

Text

Crypto Exchange Uk

Dive into the exciting world of crypto trading in the UK! Our platform provides a secure environment to buy, sell, and trade digital currencies with ease. For #CryptoExchangeUk, click: https://archax.com/

#Crypto Exchange Uk

1 note · View note

24justicepress · 1 year ago

Text

The Fintech Owner Accused of Laundering Drug Money in Huge Bitcoin Scheme

Caio Marchesani is alleged to have managed crypto accounts for a criminal gang

A fintech owner in London is facing allegations that he helped notorious drug traffickers attempt to launder hundreds of millions of euros through a crypto exchange platform on a scale rarely seen by European prosecutors.

Authorities in Belgium are seeking the extradition of Caio Marchesani from the UK as part of their effort to dismantle a transnational gang.

hoarding piles of cash for Sergio Roberto De Carvalho, a Brazilian described by Interpol as one of the world’s most wanted kingpins before his arrest in 2022, and managing crypto accounts on behalf of Flor Bressers, a Belgian national known as the “finger cutter,” who was also nabbed last year.

Marchesani owns Trans-Fast Remittance, a payments business regulated by the Financial Conduct Authority. He was arrested in May at Heathrow Airport.

The case puts the British financial-technology scene under fresh scrutiny amid fears that its weak controls are enabling the movement of illicit funds around the world. Transparency International UK has called for tougher supervision after finding that more than one-third of UK-licensed electronic-money institutions show red flags. In response to 24blognewspress queries, the FCA said it is “engaging” with Trans-Fast “as part of our ongoing supervisory work, including in relation to these matters.”

The Belgian investigation kicked off three years ago after Dutch customs officials seized more than 12 tonnes of cocaine, worth more than €260 million ($283 million), from containers at Europe’s busiest port, Rotterdam. Authorities traced the haul to Bressers and De Carvalho, later zeroing in on Marchesani after a breakthrough in decoding encrypted communications.

In all, 33 suspects have been identified, linked to countries including Brazil, Hungary, the Czech Republic, and France — five are in pretrial detention, with Bressers and De Carvalho in Belgium and Marchesani in the UK.

The case against Marchesani came to light at a series of extradition hearings in London. A request for bail was turned down by the court after prosecutors described him as a flight risk. The judge intends to rule on the extradition later in September.

‘Large Cash Sums’

Marchesani managed 14 Binance accounts for Bressers, according to Belgian prosecutors. He also held cash for De Carvalho, charging suspiciously high rates of as much as 9% for transferring funds, the prosecutors said.

As many as 85% of Trans-Fast customers were Brazilian, filings from a separate employment case show. A recorded company telephone message says it is currently offline and unable to process orders.

The underground network is alleged to have essentially combined new technology with hawala, a centuries-old money transfer system practiced in regions including the Middle East, where international and local remittances are paid largely based on trust. Its use of crypto currencies increased after the Covid pandemic made cash deliveries much harder, according to Belgium prosecutors. Binance provided law enforcement with “practical operational assistance” in relation to the investigation, a spokesperson for the crypto-trading platform said.

Amanda Bostock, a lawyer acting for Belgium authorities, described Marchesani as “a dark banker who receives money and moves it around at the will of the criminal organization in order to disguise its origins.”

“Very large cash sums” protected by a round-the-clock guard were said to have been stored at an apartment Marchesani rented near the US embassy in south London, prosecutors said. He was found with some £1.5 million ($1.9 million) of cryptoassets. The electronic wallet holding them was subsequently frozen.

Marchesani’s lawyers deny the allegations. The money for Marchesani’s bail surety had legitimate origins from a UK company with a “thriving business focused on healthy eating in a cafe setting,” the judge said in a reference to Acai Berry Foods Ltd. of which Marchesani is the chief financial officer and a 50% shareholder. The prosecution’s case has “false, vague, ambiguous or inaccurate particulars,” his lawyers at Mishcon de Reya said. “What is clear however, is that none of the allegations against him relate to any of his business interests in the UK.”

Marchesani, who interned at Deutsche Bank from October 2013 to January 2014, wanted to convert Trans-Fast into an online bank according the employment case tribunal ruling. Companies House filings from August show another owner added to the registry.

‘Everything is Criminal’

In an encrypted chat decoded by authorities, Marchesani, using the moniker ‘Greysmith,’ asked, “friend, this ted 60 is for crime or normal?” to which ‘Lucrativeherb’, a pseudonym prosecutors say was used by De Carvalho, replied, “Normal. Everything is criminal,” the Belgian law enforcers alleged. The judgment did not mention what ‘ted 60’ referred to. In another message, Marchesani is alleged to have said: “only risk is when the police are around.”

Bressers, who has a masters in criminology, was wanted on charges including kidnapping, gang drug trafficking and theft, and was arrested in February 2022 in Zurich. De Carvalho was nabbed in Hungary in June 2022 and transferred to Belgium by the air force earlier this summer. He was subject of an Interpol Red Notice, with countries including Brazil demanding his extradition for drug trafficking, money laundering, forging documents and murder in connection with organized crime.

The Belgian prosecutor said in a July letter to the UK, that nearly all the evidence has been collected and that she aimed to conclude the probe in early September. She said she’d already decided the case will go to a full criminal trial. A spokesperson confirmed the letter and declined to comment.

In London, Marchesani’s lawyers said they planned a further challenge to his extradition because investigators were presenting different cases at different moments. If convicted, Marchesani faces a maximum sentence of five years imprisonment in Belgium, a country his lawyers say he’s never visited.

1 note · View note

nsfwhiphop · 28 days ago

Text

Incoming Text for Elon Musk and Donald Trump: Title for the Event: "The Musk-Trump Crusade: Rallying 190 Nations Against Corruption and the Anti-Christ in the West"

This scenario would bring unprecedented challenges to global stability, with widespread religious, political, and economic repercussions.

If Elon Musk and Donald Trump were to call upon the 190 nations of the world to expose corruption in America and the UK, and rally them against what they label as the "Anti-Christ" living in these countries, the implications would be enormous. Here's a potential breakdown of what could happen:

1. Global Political Chaos

Polarization of Nations: Countries would likely split into various camps based on their political alliances and ideological leanings. Some nations with strong ties to the US and UK might distance themselves from this movement, while others, possibly those critical of Western powers, may join the cause.

Economic and Diplomatic Fallout: Accusing powerful nations like the US and UK of harboring the "Anti-Christ" would strain global relations. Trade agreements, treaties, and international organizations like the United Nations could face severe disruption.

International Sanctions and Retaliation: Western powers, especially the US and UK, might retaliate economically and diplomatically. There could be sanctions, asset freezes, and restrictions on those countries siding with Musk and Trump.

2. Public Perception and Media Coverage

Sensational Media Reaction: The claim of an "Anti-Christ" would attract massive media coverage, and the narrative would likely be divisive. News outlets could focus on the religious, moral, and ideological aspects, intensifying global debates.

Conspiracy Theories Flourish: Social media and alternative media platforms could explode with conspiracy theories, heightening fear and confusion. Musk’s influence, especially on platforms like X (formerly Twitter), could mobilize millions to his cause.

3. Religious and Ideological Divide

Religious Fervor: The invocation of the "Anti-Christ" would stir religious fervor in various parts of the world. Some groups may interpret this as an eschatological event, while others may dismiss it as political rhetoric.

Extremism and Fanaticism: Religious extremists and conspiracy theorists could use this as fuel to incite violence or destabilize regions. This might lead to protests, riots, or even armed conflicts.

4. Technological Influence and Economic Shifts

Elon Musk’s Role: Musk could leverage his technological empire (SpaceX, Tesla, etc.) to promote his vision of a post-corrupt, anti-establishment world. He might propose technological solutions or even a "digital revolution" to counter the systems he deems corrupt.

Crypto and Alternative Economies: There could be a push to shift away from traditional economic systems. Musk might advocate for decentralized currencies like Bitcoin, framing them as a way to break free from corrupt financial structures tied to the US and UK.

5. Possible Conflict and Uprisings

Civil Unrest: Within the US and UK, these claims might galvanize certain political factions, particularly those already disillusioned with the government. This could lead to civil unrest, protests, and possibly violence.

Military Responses: If such movements gain traction globally, the US and UK governments may deploy military resources to defend against what they perceive as a global insurgency or rebellion.

6. International Support

Support from Rival Powers: Countries like Russia, China, Iran, and North Korea, which are often at odds with the US and UK, might support Musk and Trump’s call as a way to weaken their adversaries.

Diplomatic Maneuvering: Many nations might remain neutral or attempt to mediate, trying to avoid getting embroiled in such a conflict.

7. Cultural and Moral Debate

Philosophical Discussions: The battle against a supposed "Anti-Christ" would spark deep discussions about morality, ethics, and religion across the globe. It would also prompt questions about the role of faith in modern governance and global affairs.

Division within Religious Communities: Christian denominations, in particular, might fracture, with some viewing Musk and Trump as prophets or protectors, while others may see them as dangerous demagogues.

8. Long-Term Implications

Global Realignment: This could lead to a significant realignment of global alliances. Western dominance could be challenged, leading to the rise of new power centers and alliances.

Rise of Alternative Leadership: Figures like Musk and Trump could amass new political and ideological followers, challenging traditional leadership models and presenting themselves as champions of a new global order.

0 notes

cryptogirl2024 · 29 days ago

Text

UK Probes TikTok Over Unlicensed Crypto Exchange Allegations

UK authorities are investigating TikTok for allegedly operating an unlicensed crypto exchange through its virtual currency system, TikTok Coins. A former compliance consultant filed claims with the Financial Conduct Authority (FCA) and the US attorney’s office, raising concerns about TikTok's financial regulation.

TikTok Coins allow users to purchase virtual gifts for content creators, which can be exchanged for diamonds and then converted into real money. This system has led to accusations that TikTok is facilitating money transmission without proper FCA licensing. The consultant warned that this structure resembles a crypto exchange, potentially allowing users to swap virtual currency for fiat without adequate oversight.

Additionally, concerns have been raised regarding insufficient anti-money laundering (AML) controls within the platform, which could expose it to financial fraud. The consultant urged the FCA to classify TikTok under the UK’s Anti Money Laundering and Counter Terrorist Financing Act.

0 notes

24-news-press-posts · 5 years ago

Text

Golden Brokers Review – Is goldenbrokers.my scam or good forex broker?

Golden Brokers is a Malaysian broker, offering a fine selection of currency pairs and various other CFDs, with a single account type, leverage of up to 1:100 and the MetaTrader5 platform. Golden Brokers is regulated by the local Labuan Financial Services Authority. For more information about their offer please check the following review.

Golden Brokers Advantages:

Regulated in Malaysia

We will credit Golden Brokers for their license. The broker is owned and operated by Golden Brokers Ltd., which is licensed and authorized by the Labuan Financial Services Authority (LFSA) – the official regulator in Malaysia, which similarly to well known institutions like the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) or the Australian Securities and Investments Commission (ASIC), by far the three most popular regulators in the industry, oversees forex and CFD brokers by requiring them to follow certain fiscal and ethical rules, to file regular reports and to allow external audits.

With brokers regulated in the EU or by the FCA in the UK however, you will even get additional protection by special client compensation funds, which in the case of FCA will cover up to 85 000 GBP of your trading account even in the unlikely case your broker files for bankruptcy. So here you may check as well our list of brokers, regulated in the UK:

FCA Regulated Forex Brokers<<

Over 60 currency pairs, a good selection of CFDs

Golden Brokers offers 63 currency pairs, many of which minor or exotic like USD/ZAR, USD/TRY, USD/SGD, USD/SEK, USD/RUB, USD/PLN, USD/NOK, USD/MXN, USD/HUF, USD/HKD, USD/DKK, USD/CZK, USD/BRL and USD/CNH, as well as CFDs on silver, gold, platinum, oil, natural gas, cocoa, coffee, cotton, sugar, corn, wheat, aluminum, copper, nickel, zinc, a selection of indices, futures and stocks – all in all well over 700 trading instruments.

As we do not see any crypto assets however, here you may check as well our list of brokers, trading with bitcoin CFDs:

MetaTrader5 supported

Along the venerable MetaTrader4, MetaTrader5 ranks among the most widely used trading platforms on the market. Similarly to the MT4 it features numerous market indicators – well over 50, and customizable trading robots with the help of which one can easily run automated trading sessions. Here you may check the platform on the screenshot below.

And besides, MT5 comes with a very useful set of advanced charting tools, so here you may also check the link with our brokers, which support the platform as well:

Golden Brokers Disadvantages:

High spreads

As tested with a demo account the benchmark EURUSD spread floated above 3 pips and this is about twice the spread traders would usually find attractive with a standard account, without a trading commission. So here you may check as well our list of brokers, offering tighter spreads:

Does not seem to accept payments with Skrill

The broker accepts payments with bank wire transfers and major credit cards like VISA and MasterCard, but does not seem to accept Skrill, so here you may also check our list of brokers, which do accept Skrill:

No information about the minimum deposit requirement

Just bear in mind that most broker would ask for an initial deposit of about 250 USD, while some big and well known names like FBS and IG will let you start trading with just 5 USD or even less.

Conclusion:

A definite advantage about Golden Brokers is that they are both regulated and able to offer relatively higher leverage – 1:100. And they also support a professional trading platform – the MetaTrader5 with a good selection of currency pairs and plenty of CFDs. Unfortunately the spreads are far form attractive, and for an experienced trader this is not a minor issue.

0 notes