#currency trading in Malaysia

[darkmaga-retard]

Russia and China may begin using barter trading schemes, three trade and payments sources told Reuters, with two expecting deals involving agriculture as soon as this autumn, as Moscow and Beijing try to limit using banking systems monitored by the United States.

Bilateral payment delays were high on the agenda when President Vladimir Putin visited China in May and although workarounds have emerged, such as using small, regional Chinese banks whose activities are harder for Washington to detect, payment issues remain.

Barter trading would allow Moscow and Beijing to circumvent payment issues, reduce the visibility Western regulators have over their bilateral transactions, and limit currency risk.

Russia is developing regulations for barter trading and the Russian sources Reuters spoke to are working on the assumption that China is doing the same. The sources, who requested anonymity due to the non-public nature of the information, are all closely involved in bilateral trade.

A top manager at a large Russian bank said a barter scheme was being prepared, but refused to disclose details. One source who works in payments said a trade with Russia exporting food products was under discussion. Russia's industry and trade ministry and China's commerce ministry did not respond to questions about the commodity barter trade.

BARTER HISTORY

China and Russia have a history of barter deals. In 2019, China agreed to trade palm oil worth nearly $150 million from Malaysia for construction services, natural resources products, and civilian and defence equipment.

In 2021, a Chinese company exported auto parts worth $2 million to Iran in exchange for pistachios.

Barter deals between Moscow and Beijing were common before the Soviet Union collapsed and continued into the 1990s, but the deals now under discussion would be the first in around 30 years, the sources said.

"I remember in the early 1990s...there were barter deals between China and Russia back then," said Kyle Shostak, deputy board chairman at Qifa, a Chinese-Russian company seeking to ease bilateral trade woes with digital settlements.

[ausetkmt]

Over the last 2 days:

1. Saudi Arabia "no longer interested in pleasing US"

2. Saudi Arabia attempting to adopt economic strategy “without US dependence”

3. Chinese Yuan replaces US dollar becoming most traded currency in Russia

4. OPEC issues "surprise" production cut against US advice

5. Malaysia says there's no reason to depend on US dollar

According to the Financial Times, this is because Saudi Arabia's relations with the US have "declined under the Biden Administration."

Just last week, Saudi Arabia announced a new oil facility using Chinese Yuan worth $12.2 billion.

They are also considering selling oil in Chinese Yuan rather than US Dollars.

This is the biggest push against the US Dollar in recent history.

[palmoilnews]

VEGOILS-Palm rises on stronger rival oils; on track for weekly gain KUALA LUMPUR, Sept 20 (Reuters) - Malaysian palm oil futures rose for a third straight session and were set for a weekly gain on Friday, tracking strength in rival edible oils, though weaker crude oil prices and a firmer ringgit capped the rise. The benchmark palm oil contract FCPOc3 for December delivery on the Bursa Malaysia Derivatives Exchange gained 55 ringgit, or 1.44%, to 3,931 ringgit ($937.74) a metric ton as of 0255 GMT. The contract has so far gained about 3.1% for the week. FUNDAMENTALS Dalian's most-active soyoil contract DBYcv1 rose 0.87%, while its palm oil contract DCPcv1 added 1.54%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.39%. Palm oil tracks price movements of rival edible oils, as they compete for a share of the global vegetable oils market. Oil prices, which were little changed in early Asian trade on Friday, were on track to end higher for a second straight week following a large cut in U.S. interest rates and declining global stockpiles. Brent futures LCOc1 were trading 0.25% lower at $74.69 a barrel at 0236 GMT. Weaker crude oil futures make palm a less attractive option for biodiesel feedstock. The ringgit MYR=, palm's currency of trade, strengthened 0.29% against the dollar, making the commodity more expensive for buyers holding foreign currencies and capping its gains. Indonesia, the world's biggest palm oil exporter, will introduce a new set of monthly levies in a bid to improve competitiveness against rival edible oils, a regulation published on Thursday by its finance ministry showed. Indonesia's palm oil exports are expected to decline this year due to increased domestic consumption because of a higher biodiesel blending mandate and a slight decrease in production, an industry official told Reuters on Thursday. Palm oil may fall into a range of 3,817 ringgit to 3,853 ringgit per metric ton, following its failure to break resistance at 3,962 ringgit and a falling trendline, Reuters technical analyst Wang Tao said. MARKET NEWS Asian shares extended their rally on Friday, bathing in the afterglow of an outsized interest rate cut in the United States, while the yen was jittery ahead of a monetary policy decision in Japan as traders look for clues about future tightening.

[cryptosoftmalaysia]

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[chemanalystdata]

Natural Rubber (TSR) Prices | Pricing | Trend | News | Database | Chart | Forecast

 Natural Rubber (TSR) Prices commonly referred to as Technically Specified Rubber (TSR), plays a vital role in global industries, especially the automotive and manufacturing sectors. The price of natural rubber fluctuates based on a variety of factors, including supply and demand dynamics, geopolitical influences, currency fluctuations, and climatic conditions. Understanding these elements and their effects on natural rubber prices is crucial for industries that rely heavily on rubber as a raw material. In this article, we explore the factors influencing TSR prices and provide insights into current market trends.

One of the primary factors that affects natural rubber prices is supply and demand. The majority of the world’s natural rubber is produced in tropical regions such as Thailand, Indonesia, and Malaysia. These countries, with their favorable climates for rubber cultivation, account for a significant portion of global rubber production. When supply exceeds demand, prices tend to drop, and vice versa. However, supply is not always steady due to several challenges faced by rubber-producing countries. Weather patterns play a significant role in determining output. For instance, rubber production is highly sensitive to changes in weather conditions, with heavy rainfall, droughts, or natural disasters impacting rubber plantations, which can lead to reduced production and supply shortages. These supply shocks, in turn, push natural rubber prices higher.

Get Real Time Prices for Natural Rubber (TSR): https://www.chemanalyst.com/Pricing-data/natural-rubber-1327

Another factor that influences natural rubber prices is currency exchange rates, particularly the strength of the U.S. dollar. Most international trade, including rubber, is conducted in U.S. dollars. When the dollar strengthens, it tends to make commodities like rubber more expensive for buyers in countries that use other currencies, thus impacting demand. Conversely, when the dollar weakens, rubber prices may become more attractive, which could spur greater demand. As such, fluctuations in the currency market add an additional layer of complexity to the pricing of natural rubber, with many stakeholders in the industry keeping a close eye on exchange rate movements to anticipate changes in prices.

In addition to natural weather and currency factors, geopolitical tensions can also play a role in natural rubber price fluctuations. Political instability in rubber-producing countries can affect production and exports, causing uncertainty in the global supply chain. This uncertainty often results in price volatility as buyers attempt to secure supplies ahead of any potential disruption. Moreover, trade agreements and tariffs imposed by major economies can also influence rubber prices. For instance, if a major consumer country like China or the United States imposes tariffs on imported rubber, it could lead to reduced demand or shifts in trade flows, thereby affecting prices.

Another significant factor influencing natural rubber prices is the cost of synthetic rubber, which is made from petroleum-based materials. The two types of rubber—natural and synthetic—are often used interchangeably in various industries, especially in tire manufacturing. When the price of crude oil rises, the cost of producing synthetic rubber also increases, potentially leading to greater demand for natural rubber as a cheaper alternative. On the other hand, when oil prices fall, synthetic rubber may become more attractive to manufacturers, reducing demand for natural rubber. This delicate balance between natural and synthetic rubber prices is an important consideration for industries that rely on both types of materials.

Natural rubber prices are also influenced by the overall global economic environment. In times of economic growth, demand for rubber products such as tires, automotive components, and industrial goods tends to rise, which can lead to increased demand for natural rubber and upward pressure on prices. Conversely, during economic downturns or recessions, demand for these products may decrease, leading to a decline in natural rubber prices. The COVID-19 pandemic, for example, caused disruptions in global supply chains and significantly reduced demand for rubber-based products, resulting in a temporary decline in natural rubber prices. As economies recover and industrial activities pick up, demand for natural rubber is expected to increase, which could push prices higher in the future.

Technological advancements and sustainability trends are also shaping the natural rubber market. In recent years, there has been growing interest in finding sustainable alternatives to natural rubber, especially in industries that are heavily reliant on it. This has led to research into synthetic rubber alternatives that are more environmentally friendly and less dependent on volatile supply chains. At the same time, innovations in the natural rubber industry, such as improved harvesting techniques and better tree management practices, are helping to increase yield and stabilize supply. These developments may help to mitigate some of the price volatility that has historically characterized the natural rubber market.

Looking ahead, natural rubber prices are expected to remain subject to the same factors that have influenced them in the past, such as weather conditions, geopolitical events, currency fluctuations, and economic growth. However, with the growing focus on sustainability and technological innovation, there may be new trends emerging in the natural rubber market that could have a significant impact on prices. For instance, increased investment in sustainable rubber production methods could lead to more stable supplies, while advancements in synthetic alternatives could reduce reliance on natural rubber, potentially affecting demand and prices.

In conclusion, the price of natural rubber (TSR) is shaped by a complex interplay of factors, including supply and demand dynamics, weather patterns, currency exchange rates, geopolitical tensions, and the relative cost of synthetic rubber. As industries that rely on natural rubber continue to evolve, these factors will likely remain critical in determining the future trajectory of natural rubber prices. Additionally, emerging trends in sustainability and technology may introduce new variables into the equation, further adding to the complexity of predicting natural rubber price movements. Industries that depend on natural rubber will need to remain vigilant and adaptable to navigate the ever-changing landscape of the global rubber market.

Get Real Time Prices for Natural Rubber (TSR): https://www.chemanalyst.com/Pricing-data/natural-rubber-1327

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[24newspressblogs]

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:

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.

[kazifatagar]

Ringgit Strengthens Amid US Fed Rate Cuts and Low Inflation

The Ringgit is expected to trade higher against the US dollar due to the US Federal Reserve’s interest rate cuts and low inflation. On a Friday-to-Friday basis, the Ringgit strengthened to 4.3185/3225 from 4.3720/3775.  Ringgit strengthens amid US fed rate cuts  It also gained against the euro, British pound, Japanese yen, and ASEAN currencies. Economists attribute this to Malaysia’s political…

[fx-signals]

Best Free Forex Signals for Malaysia

In the competitive world of forex trading, having access to accurate and timely forex signals is essential for making informed trading decisions. Forex signals provide traders with insights into potential market movements, helping them to execute trades with greater precision. For traders in Malaysia, finding reliable and free forex signals is crucial for success. This article delves into the best free forex signals available to Malaysian traders, with a special emphasis on why ForexBankSignal.pro is considered the top choice.

1. ForexBankSignal.pro

ForexBankSignal.pro is widely recognized as the leading provider of free forex signals for traders in Malaysia. The platform stands out due to its high accuracy, user-friendly interface, and extensive support, making it an excellent resource for traders at all levels.

Key Advantages of ForexBankSignal.pro:

Exceptional Accuracy: ForexBankSignal.pro is renowned for its precision in generating forex signals. The platform utilizes advanced algorithms and market analysis techniques to deliver signals with a high success rate. This accuracy is essential for traders looking to capitalize on market opportunities and minimize risks.

Intuitive Platform: The platform is designed to be user-friendly, ensuring that both novice and experienced traders can navigate it with ease. The clear layout and straightforward signal presentation make it simple for users to understand and act on the recommendations.

Real-Time Signal Delivery: ForexBankSignal.pro delivers signals in real-time via various channels, including email, SMS, and Telegram. This immediacy allows traders to respond quickly to market changes and seize trading opportunities as they arise.

Comprehensive Market Analysis: Beyond providing signals, ForexBankSignal.pro offers detailed market analysis that helps traders understand the rationale behind each recommendation. This analysis includes technical indicators, trend analysis, and market sentiment.

Educational Resources: The platform provides a wealth of educational materials, including webinars, tutorials, and articles. These resources are valuable for traders looking to improve their trading skills and stay informed about market developments.

24/7 Customer Support: ForexBankSignal.pro offers round-the-clock customer support, ensuring that users receive assistance whenever needed. This support is particularly beneficial for traders in different time zones, including Malaysia.

2. Investing.com

Investing.com is a comprehensive financial platform that offers a range of services, including free forex signals. Known for its robust market analysis and real-time updates, Investing.com is a valuable resource for Malaysian traders seeking reliable trading signals.

Why Investing.com?

Extensive Market Coverage: Investing.com provides signals for a wide range of currency pairs and other financial instruments, including stocks, commodities, and indices. This broad coverage ensures that traders can access signals for various trading opportunities.

Real-Time Alerts: Signals are delivered in real-time through the Investing.com website and mobile app. Traders can also set up custom alerts to receive notifications based on specific criteria, ensuring they stay informed about market developments.

Technical and Fundamental Analysis: Investing.com’s signals are based on a combination of technical indicators and fundamental analysis. This dual approach provides traders with a well-rounded view of the market and enhances the reliability of the signals.

User-Friendly Interface: The platform’s interface is designed to be intuitive and easy to navigate. Traders can quickly access signals, market data, and analysis, making it a convenient tool for managing trading activities.

Educational Resources: Investing.com offers a range of educational materials, including articles, tutorials, and webinars. These resources help traders improve their knowledge and trading strategies.

3. TradingView

TradingView is a popular charting and social trading platform that offers free forex signals through its active community of traders. Known for its advanced charting tools and real-time market data, TradingView is a valuable resource for Malaysian traders.

Features of TradingView:

Advanced Charting Tools: TradingView provides a range of advanced charting tools, including technical indicators, drawing tools, and customizable chart layouts. These tools are essential for traders who rely on technical analysis to make informed decisions.

Community-Generated Signals: TradingView’s community of traders shares their signals and trade ideas, providing valuable insights and recommendations. These signals are based on various technical and fundamental analysis methods.

Real-Time Market Data: The platform offers real-time market data for forex, stocks, commodities, and cryptocurrencies. This ensures that traders have access to the latest market information when making trading decisions.

User-Friendly Interface: TradingView’s platform is designed to be easy to use, with a clean and intuitive interface. Traders can customize their charts and layouts to suit their preferences.

Educational Resources: TradingView offers a range of educational materials, including webinars, tutorials, and articles. These resources are ideal for traders looking to enhance their skills and knowledge.

4. DailyForex

DailyForex is a well-established platform that provides free forex signals, market analysis, and educational content. Known for its balanced approach to signal generation, DailyForex is a popular choice among traders in Malaysia.

Why DailyForex?

Balanced Signal Generation: DailyForex generates its signals using a combination of technical indicators, chart patterns, and fundamental analysis. This balanced approach ensures that traders receive reliable and well-rounded trade recommendations.

Real-Time Signal Delivery: Signals are delivered in real-time via the DailyForex website, mobile app, and email. This timely delivery allows traders to act quickly on the recommendations and capitalize on market opportunities.

Wide Range of Currency Pairs: DailyForex offers signals for a diverse range of currency pairs, catering to traders with different strategies and preferences.

User-Friendly Platform: The DailyForex platform is designed to be easy to use, with clear and concise signal delivery. Traders can quickly access signals, market updates, and analysis.

Educational Resources: DailyForex provides a wealth of educational content, including tutorials, videos, and market analysis. These resources help traders improve their trading skills and stay informed about market developments.

5. Myfxbook AutoTrade

Myfxbook AutoTrade is a popular social trading platform that allows traders to follow and copy the trades of successful signal providers. While it primarily offers a premium service, it also provides access to free signals that are highly regarded by traders worldwide.

Key Features of Myfxbook AutoTrade:

Copy Trading: Myfxbook AutoTrade enables traders to copy the trades of experienced signal providers, making it an excellent option for those who prefer a more hands-off approach to trading.

Performance Metrics: The platform provides detailed performance statistics for each signal provider, helping traders make informed decisions about which signals to follow.

Seamless Integration with MetaTrader: Myfxbook AutoTrade is fully integrated with MetaTrader 4 and 5, allowing for easy execution of trades based on the signals provided.

User-Friendly Interface: The platform’s interface is designed to be intuitive and easy to navigate, making it simple for traders to manage their signals and trading activities.

Community Insights: Myfxbook AutoTrade offers access to a large and active community of traders, providing valuable insights and support.

6. FXStreet

FXStreet is a well-known financial website that offers a range of free forex signals, market analysis, and news updates. The platform is popular among Malaysian traders for its comprehensive approach to signal generation and market coverage.

Advantages of FXStreet:

Extensive Market Coverage: FXStreet provides signals for a wide range of currency pairs, as well as other financial instruments such as commodities and indices. This broad coverage ensures that traders have access to various trading opportunities.

Real-Time Signal Delivery: Signals are delivered in real-time through the FXStreet website and mobile app. Traders can also set up custom alerts to receive notifications based on specific criteria.

Technical and Fundamental Analysis: FXStreet’s signals are based on a combination of technical and fundamental analysis, providing traders with a well-rounded view of the market.

User-Friendly Platform: The platform’s interface is designed to be intuitive and easy to use, with clear signal delivery and market updates.

Educational Resources: FXStreet offers a range of educational materials, including webinars, articles, and tutorials. These resources help traders improve their trading skills and stay informed about market developments.

7. Learn 2 Trade

Learn 2 Trade is another excellent option for Malaysian traders seeking free forex signals. The platform is known for its comprehensive approach to forex trading, offering a range of services including signals, market analysis, and educational content.

Features of Learn 2 Trade:

Comprehensive Market Analysis: Learn 2 Trade generates signals based on thorough market analysis, including technical indicators, price action, and fundamental factors. This ensures that traders receive reliable and well-rounded trade recommendations.

Real-Time Signals: Signals are delivered in real-time via Telegram, allowing traders to act quickly on the recommendations and capitalize on market opportunities.

Wide Range of Currency Pairs: The platform offers signals for a diverse range of currency pairs, catering to different trading strategies and preferences.

Educational Resources: Learn 2 Trade provides a wealth of educational materials, including tutorials, articles, and videos. These resources help traders improve their knowledge and trading skills.

Community Support: The platform has a large and active community of traders who share insights, strategies, and experiences. This community support can be invaluable for traders looking to learn from others and enhance their trading strategies.

Conclusion

For traders in Malaysia, accessing reliable and accurate forex signals is crucial for navigating the forex market effectively. Among the available options, ForexBankSignal.pro stands out as the top choice due to its exceptional accuracy, user-friendly interface, and comprehensive support. However, other platforms like Investing.com, TradingView, and DailyForex also offer excellent free forex signals that cater to various trading styles and preferences.

By leveraging these free forex signals, Malaysian traders can enhance their trading strategies, make more informed decisions, and increase their chances of success in the forex market. Whether you are a beginner seeking guidance or an experienced trader looking for additional resources, these platforms provide valuable tools and insights to help you achieve your trading goals.

[gazetteweekly]

Digitalisation: A Double-Edged Sword for Consumers and Financial Systems, Says RBI Report

In its Report on Currency and Finance (RCF) for 2023–24, the Reserve Bank of India (RBI) highlighted the transformative yet challenging impacts of digitalisation on consumer behavior and financial systems. Released on Monday, the report underscores how the convenience and accessibility brought by digitalisation can also lead to impulsive spending, herd behavior, and heightened risks of data breaches.

Benefits and Risks of Digitalisation

Digitalisation undoubtedly enhances the ease with which consumers can access financial services. However, it also introduces new risks. The RBI report points out that the rapid spread of financial trends and choices through digital platforms can influence consumers to follow the crowd, leading to impulsive spending and herd behavior. This is particularly evident during market frenzies, where mass buying or selling of stocks can trigger similar actions from other consumers.

Moreover, the interconnected nature of the digital financial system can complicate financial stability. For instance, widespread withdrawal of deposits due to herd behavior could lead to bank runs or failures.

Data Breaches: A Growing Concern

The report also highlights the growing threat of data breaches. In 2023, the average cost of a data breach in India was $2.18 million, marking a 28% increase since 2020. Common attacks include phishing and the use of stolen or compromised credentials. These breaches pose significant risks to both consumers and financial institutions.

Implications for Monetary Policy

Digitalisation impacts inflation, output dynamics, and the transmission of monetary policy in various ways. The report suggests that if digitalisation shifts credit supply from regulated banks to less-regulated non-banks, it could dampen the effectiveness of monetary policy. As such, central banks must integrate digitalisation considerations into their models to ensure effective monetary policy and financial stability.

Proactive Measures and International Collaboration

The RBI has been proactive in leveraging the benefits of digitalisation while mitigating associated risks. Digitalisation holds the potential to boost India’s external trade in goods and services, particularly in modern services exports. It can also reduce the cost of international remittances, benefiting recipients through higher incomes or savings.

In a significant step towards enhancing cross-border payments, the RBI joined Project Nexus, aiming to interlink domestic Fast Payments Systems (FPS) across several countries, including Malaysia, the Philippines, Singapore, and Thailand. This follows the integration of India’s Unified Payments Interface (UPI) with Singapore’s PayNow, facilitating faster and more affordable remittances between the two nations. Similarly, an MoU with the Central Bank of UAE aims to link India’s UPI with UAE’s Instant Payment Platform (IPP).

The Rise of UPI

The report highlights the explosive growth of UPI, which has seen a tenfold increase in volume over the past four years. From 12.5 billion transactions in 2019–20 to 131 billion in 2023–24, UPI now accounts for 80% of all digital payment volumes in India. As of June 2024, UPI is recording nearly 14 billion transactions monthly, driven by 424 million unique users.

Future Outlook

Cross-border digital trade policies will be crucial in leveraging new opportunities and ensuring data security and cybersecurity. The internationalisation of the rupee is also progressing, supported by a comprehensive policy approach.

In summary, while digitalisation brings significant benefits, it also poses new challenges. The RBI’s report emphasizes the need for a balanced approach to harness its advantages while managing the associated risks to consumer behavior, financial stability, and data security.

[warningsine]

The best thing that can be said about Thailand and Malaysia wanting to join BRICS is that it won’t cost them anything. They won’t gain much, either.

The idea of lumping Brazil, Russia, India, China, and South Africa together began as a thought experiment by Goldman Sachs, a way for the bank to parcel its bond portfolio in the advanced developing world. When the idea was taken up by those countries in the late 2000s, it was only as a gentlemen’s club where participants could gather to bemoan why they were apparently dealt such a bad hand by the U.S.-led international order.

Yet, BRICS isn’t a geopolitical club since most members (China and India, for instance) have conflicting interests. If Saudi Arabia joins, it will be seated next to Iran (a new member), its hegemonic rival in the Middle East. This guarantees that nothing of any importance will be discussed at BRICS summits. (How are you going to have a meaningful conversation on energy, for instance, with all these conflicting interests?)

Moreover, Russia, China, and Iran are now staunchly in the same camp of wanting to tear down the Western order. Brazil, India, and South Africa (plus Egypt and the UAE, two new members) are quite content with that order. So, say goodbye to any meaningful conversations about security at BRICS summits.

Economics is the only thing left that the members might actually discuss properly, but BRICS isn’t an economic club either. In an interview with Chinese media last month, Malaysian Prime Minister Anwar Ibrahim seemed convinced that BRICS may one day establish a shared currency that might rival the U.S. dollar. He clearly didn’t listen to the BRICS summit last year when almost the first thing the leaders said was that they don’t want a BRICS currency.

There is the BRICS’ New Development Bank, which has ample funds. But you don’t need to be a BRICS member to access them. Bangladesh and Uruguay are members of the development bank but not the bloc. Moreover, joining BRICS wouldn’t give Thailand or Malaysia much say over how the development bank functions since the founding document says the original five members will always have 55 percent of the total voting power, and almost all of the funds are provided by China.

There’s also BRICS’ Contingent Reserve Arrangement, but, at least for now, Malaysia and Thailand are unlikely to experience short-term balance of payments pressures, and if they did, they are already part of other currency swap arrangements. Moreover, if you’re a reformist-minded leader, like Thai Prime Minister Srettha Thavisin, joining BRICS isn’t even a way of incentivizing your own bureaucracy to implement much-needed structural reforms since there are no structural conditions on membership, hence why Ethiopia, one of the poorest countries in the world, was able to join.

Indonesia took a look at BRICS last year and said, “it’s a no from us.” Argentina said the same after a new president entered office who doesn’t just want to find new means of leeching off others so the country doesn’t have to pay its debts. Saudi Arabia, another country invited to join in 2023, is dragging its feet, well aware that joining might be perceived by the U.S., its security guarantor, as an anti-Western move.

So why do Malaysia and Thailand want to join? There’s probably a good deal of their governments playing up for their local audience. Thitinan Pongsudhirak, someone always worth listening to, argued that this “hasty and misguided move” was intended for domestic consumption, mainly because Srettha has a litany of unfulfilled promises: no progress on joining the OECD; no Schengen visa-free deal; no real progress on a trade deal with the European Union; and major pushback on his government’s “digital wallet” and “Land Bridge” schemes.

“BRICS is thus played to domestic audiences as a deliverable achievement,” Thitinan argued. For Malaysia’s Premier Anwar, it makes some sense politically to appear not to be fully aligned with the West (not least over Gaza) and to have a foot in the same camp where Beijing calls most of the shots.

Indeed, the purpose of joining is to feed into a narrative. It’s apparently about having a louder voice for the “Global South” and within the “Global South.” Thai foreign minister Maris Sangiampongsa spoke about having “a more active role in South-South cooperation.” If you read anything on BRICS, you’ll likely hear something like this: the bloc was created to build a multipolar world order and give a louder voice to the Global South. At the time it was founded, that made some sense. The first summit was in 2009, a moment in time when the Global Financial Crisis was sweeping through the developed world, the U.S. was reeling from failed Middle Eastern wars, and people started taking seriously the cliché about “the West” versus “the Rest.” China hadn’t yet launched its Belt and Road Initiative nor shown the world the true aggressive nature of its rise; Russia was still the world’s friendly oil merchant.

Since then, “The Rest” has mutated into the new buzzword, “the Global South,” a term so malleable it defies definition. However, unlike in the late 2000s, the developed world is now no longer economically sluggish – just look at the U.S. economy – while China is on the precipice of economic collapse on numerous fronts. Russia has shown its true colors. Iran (a member) and Saudi Arabia (a possible member) are locked in a battle for regional supremacy.

Sarang Shidore, director of the Quincy Institute’s Global South Program, argued recently in Foreign Policy that “Southeast Asia’s presence in BRICS strengthens the collective voice on reform of the international system, which Thailand and Malaysia also desire.” The problem with expanding a group like BRICS is that it brings in so many disparate voices that it stops the organization from doing much of anything. Thailand and Malaysia should be now well aware of some of the problems their own region faces because ASEAN doubled in size in the 1990s. Or, when an organization expands, one member steps in, becomes first among equals, and starts dictating policy, which is what Beijing has always wanted from BRICS. But that would make the grouping a mere Chinese vessel. That’s unlikely because BRICS includes members (India and Egypt) who don’t want this to happen.

And, even if BRICS limps along having fewer and fewer meaningful conversations because so many of its members disagree on most things, there’s also the question of what sort of discussions on reforming the international system Malaysia and Thailand would actually want to be part of. Russia wants to enlist as much support (or silence) from developing countries so it can continue its genocidal war in Ukraine – and then potentially onward to Poland and the Baltics. China wants to enlist the support of as many developing countries as possible so it can demand trade concessions from the United States. (China isn’t the articulator of the Global South’s concerns; it wants the Global South to ventriloquize its concerns.) India, a classic non-aligned power, really doesn’t like what China is doing and is investing much less time in BRICS.

[goldenbrokers-review-news]

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:

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.

[palmoilnews]

VEGOILS-Palm oil gains on firmer soyoil, production concerns in Malaysia KUALA LUMPUR, Sept 19 (Reuters) - Malaysian palm oil futures rose on Thursday, underpinned by firmer soyoil prices and production concerns in the world's second-biggest producer. The benchmark palm oil contract FCPOc3 for December delivery on the Bursa Malaysia Derivatives Exchange gained 92 ringgit, or 2.39%, to 3,937 ringgit ($925.92) a metric ton by the midday break. The contract rose 3% in the previous session, its biggest single-session climb since July 24, 2023. The rebound in soyoil prices are supporting Malaysian palm oil futures, with production concerns in Malaysia lending further support, a Mumbai-based dealer said. Dalian's most-active soyoil contract DBYcv1 rose 0.87%, while its palm oil contract DCPcv1 added 2.49%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.12%. Palm oil tracks prices of rival edible oils as they compete for a share of the global vegetable oils market. The ringgit MYR=, palm's currency of trade, weakened 0.24% against the U.S. dollar, making the commodity cheaper for buyers holding foreign currencies. Brent crude futures LCOc1 for November were up 0.18% at $73.78 a barrel as of 0504 GMT. Firmer crude oil futures make palm a more attractive option for biodiesel feedstock. Crude palm oil prices are expected to remain stable this month, as a strengthening ringgit offset tighter supplies and stagnant exports to key destinations, state agency the Malaysian Palm Oil Council (MPOC) said. The prices would be seen trading in the 3,850-4,050 ringgit a metric ton range in September, MPOC added. India's edible oil consumption is set to grow at 2%-3% as cooking oils remain affordable despite an import duty hike, a leading importer told Reuters on Wednesday. Palm oil may retrace into the 3,819-3,833 ringgit per metric ton range, as a bounce from the Sept. 17 low of 3,702 ringgit may end around resistance at 3,893 ringgit, Reuters technical analyst Wang Tao said. ($1 = 4.2520 ringgit)

[cryptosoftmalaysia]

CRYPTO AUTO TRADING BOT SOFTWARE DEVELOPMENT

For More Details Please Contact

Call / Whatsapp: +60 16-499 8736

Website: www.cryptosoftmalaysia.com

Unit3, Level 22,

 The Gardens South Tower,

 Mid Valley City,

59200

Kuala Lumpur

CRYPTO AUTO TRADING BOT SOFTWARE DEVELOPMENT

Automate your Cryptocurrency Trading with our advanced Trading Bots to achieve a wide range of trading goals. We are specialized in developing customized Trading Bots to make the fastest and secure online transaction on a digital currency exchange. Our cryptocurrency trading bot developers are well versed in developing a feature-rich crypto trading bot with the most updated technologies. Being one of the leading Cryptocurrency and Blockchain Development Companies in Malaysia, we can help fulfill your requirements in most cost-effective manner and pre-defined timeframe.

Crypto Soft Malaysia specializes in developing customized Trading BOTS to make an easy and secure online transaction on a financial exchange. Trading BOTS are software programs that talk directly to financial exchanges, and place buy and sell orders on your behalf. They make those decisions by watching the market’s price movements and reacting according to a set of predefined rules or smartly study the pattern on graphical view.

KEY FEATURES OF BOTS:

Coin Management as per user preference that is to be tracked. User can add/delete the coins and the bot will track the signals.

Turn on the Lenience and hard mode. Lenience mode will send you higher number of signals. The hard mode will result in fewer signals but with higher gains.

Attach API keys to let the BOTS trade for you.

Receive SMS updates containing the buy signal along with a link to automatically buy.

User will be able to set the number of coins to trade OR the BTC you would like to invest (to be used to buy the coins). The BOTS will do the trade accordingly.

Use compound mode or straight mode for investment. The compound mode will automatically increase the purchase as per the amount realized. The straight mode will keep the number of coins intact.

A crypto trading bot is a software application that uses an API to interact with a user’s exchange account and automatically execute trades when market conditions meet a set of predefined criteria. Trading bots can interpret and combine traditional market signals such as volume, orders, price, and time, with technical analysis signals such as moving averages, Bollinger Bands, the Ichimoku Cloud, and increasingly, with other factors such as social media sentiment.

There are a variety of platforms catering to the different needs of the crypto trading community. Some are designed for experienced traders and enable them to create complex automated strategies that can be backtested against historical crypto market data.

Cryptocurrency Trading Bot Development Services

Our expertise in automated trading software development will significantly contribute in the increase of your business profit.

Automation of exclusive trading strategies/ techniques

We assist our clients to transform their crypto trading strategies into smarter algorithms and develop bots to execute them automatically with superior efficiency and consistency.

Technical & fundamental analysis

With a deep understanding of market trends and technical expertise, we can code any kind of technical indicators or series indicator into trading algorithms that assist the bot to make better decisions while executing automated trades in the market.

Integrating bots with any crypto exchange

We have years of experience building automated trading bots for our client that can execute in a quick and efficient manner on any crypto exchange platform. These include Coinbase, Bitbns, CoinDCX, BuyUCoin and a dozen of other premium platforms.

[24livenewsblog]

Golden Brokers Review

Golden Brokers will appeal to traders looking for high leverage up to 1:1000 in return for limited regulatory safeguards. It will also appeal to traders familiar with MetaTrader 5.

Golden Brokers is a Malaysian headquartered forex and CFD broker established in 2016. The brand is regulated offshore by the Labuan Financial Services Authority. Retail traders can speculate on 700+ products via the MT5 platform with no commission and a choice of international payment methods.

Forex Trading

Speculate on 60+ major, minor and exotic currency pairs such as EUR/AUD, USD/JPY and EUR/GBP with leverage up to 1:100. Fees are not the most competitive, with average spreads of between 3 and 5 pips for major forex pairs.

Stock Trading

You can speculate on the price of hundreds of shares spanning US, EU and Asian markets. On the negative side, the $20 minimum commission is higher than the best stock brokers.

CFD Trading

Trade 700+ products as CFDs on the powerful MetaTrader 5 platform. Access leverage up to 1:100 on major forex pairs with a 50% stop-out level on the standard account.

Pros

Multiple deposit methods including credit/debit card, wire transfer, Neteller and Dragonpay

Deposits accepted in all major currencies, though will be converted to USD at current market rates

Free demo account available to practise trading risk-free with $100,000 in virtual funds

No commission when you trade forex, indices and commodities

Some educational content and integrated video tutorials

Cons

High trading fees with average spreads of 4 pips for major currency pairs such as the GBP/USD

Weak regulatory oversight from the LFSA raises safety concerns

No proprietary trading platform or mobile application

Reports of customers' funds being withheld

No live chat support

This review will discuss the Malaysian-based forex broker, Golden Brokers Ltd. We explore its features with information on the trading platform, available markets, fees, regulation, pros, cons and more. Find out whether to open a live account with Golden Brokers.

Headlines

Golden Brokers Limited was founded in 2018. It is regulated by the Malaysian financial regulator Labuan FSC and its headquarters is based in Kuala Lumpur, Malaysia. It is not quite a global broker as many major geographical locations such as France, Germany and Switzerland are restricted, which other brokers for forex and all manner of trading cater to.

Trading Platforms

MetaTrader 5

MT5 is a world-leading platform with many tools and instruments that can be customised to help each user carry out thorough technical analysis and manage their positions. MT5 is a further development of the MetaTrader 4 platform, offering greater functionality, faster processes and a more intuitive layout. This platform is available on your web browser and downloadable on Windows and Mac.

MT5 platform features include:

Copy trading 21 timeframes One-click trading Integrated signals Automated trading Hedging and netting 38 built-in indicators 6 pending order types

Markets Forex – Over 60 major, minor and exotic currency pairs Commodities – 15 commodities, including precious metals and crude oil Stock CFDs – Large multinational companies such as Apple, Google and Volkswagen Indices – 14 global equity indices, such as the Dow Jones & FTSE

Trading Fees Golden Brokers offers quite large spreads, with typical rates around 3-4 pips for major currency pairs like GBP/USD and EUR/GBP. Spreads for indices range from 2 to 50 pips, while commodities sit between 0.07 and 14 pips.

No commissions are charged, though there are overnight swap fees on CFD positions, which sit at a 0.5% charge, with a minimum fee of USD 20. Additionally, there is a dormancy charge of USD 100 for accounts that remain inactive for an entire year.

Mobile Apps Golden Brokers clients can access mobile trading through the MetaTrader 5 application. This can be downloaded for both Apple (iOS) and Android (APK) devices from the relevant stores, boasting much of the functionality of the desktop versions. The app offers all supported order types, account management systems and asset classes, with 24 analysis tools and 30 indicators.

The broker’s website also links to a proprietary application on the Apple App Store and Google Play Store. However, there is no mention of the functionality of the application, except for the fact that 24/5 customer support is integrated. From the images provided, the application seems sleek, with at least line, area and candlestick chart support.

Payment Methods Users can make deposits to and withdrawals from their Golden Brokers accounts using bank wire transfers, credit cards, debit cards and online payment services like Neteller. Deposits can be made in any currency, though they will be converted to USD. A minimum deposit limit of USD 100 is imposed.

Leverage Golden Brokers clients can access leverage for forex pairs, though not for any other assets offered by the broker. All currency pairs have a maximum rate of 1:100, though this is flexible.

Account Types To open an account with Golden Brokers you will need to provide personal information like your home address and date of birth, as well as income information like annual income and total net worth. Additionally, you must provide documentation showing proof of identity and residence. It is important to note that the broker will only accept transfers of funds from bank accounts listed on the application forms.

Demo Account Golden Brokers have provided users with the opportunity to practise making trades on their platform and explore the various markets offered with a free demo account. Each account is given USD 100,000 of digital funds to execute forex, commodities, indices and CFD trades in a simulated environment.

Live Accounts There is a standard live account on the Golden Brokers platform that provides access to the MetaTrader 5 platform and the many financial instruments. There is also the option for an Islamic account, with which users are entitled to 20 calendar days per year that are swap-free.

Regulation Golden Brokers is regulated by the Labuan Financial Services Authority in Malaysia with License number MB/19/0030.

This means that the company is authorised to conduct its business and must maintain certain industry standards, such as protection of funds, for example. Client funds are kept safe through account segregation with tier-1 banking institutions, meaning that money can be returned if the broker collapses.

Customer Support 3.3 / 5 The customer service team of Golden Brokers can be contacted via email or telephone, with multilingual support offered, including English, French, German, Chinese and Arabic.

The broker can also be contacted on social media like Facebook, LinkedIn, Twitter and the website blog, which are also used for news and announcements.

Email Address: support@goldenbrokers.my Phone No.: +60-154-877-0961

Additional Features There is an Education tab on the Golden Brokers website that provides many helpful guides and videos that can be taken advantage of to boost your knowledge and understanding of topics like trading platforms, instruments, CFDs and leverage.

Golden Brokers Verdict Golden Brokers caters to both new and veteran traders, offering the advanced but intuitive MetaTrader 5 platform alongside a range of educational guides and tutorials. The firm boasts over 100 forex, equity and CFD instruments, which can be traded with 1:100 leverage and low commission charges. However, Golden Brokers does not have the best level of regulation and spreads are not very competitive.

[chemanalystdata]

Palm Kernel Oil Prices | Pricing | Price | News | Database | Chart | Forecast

 Palm Kernel Oil Prices is a significant commodity in the global market, largely derived from the kernel of the oil palm fruit. Its price is influenced by various factors, including supply and demand dynamics, production costs, climatic conditions, and geopolitical events. Over the past few years, palm kernel oil prices have experienced fluctuations, reflecting the complex interplay of these factors. Understanding these price movements is crucial for stakeholders across the supply chain, from producers to consumers, as well as investors looking to capitalize on trends in the commodity market.

The supply of palm kernel oil is closely tied to the production of palm oil since both are obtained from the same fruit. Malaysia and Indonesia are the world's leading producers of palm kernel oil, contributing a significant share to the global market. As a result, any changes in the production capacity or export policies of these countries can have a direct impact on prices. For example, when these countries experience favorable weather conditions, there is usually a bumper harvest, leading to an increase in supply and, consequently, a potential reduction in prices. Conversely, adverse weather conditions such as droughts or excessive rainfall can hamper production, leading to a supply shortage that drives up prices.

In addition to climatic factors, the production costs associated with palm kernel oil also play a crucial role in determining its price. These costs include labor, transportation, and the expenses related to processing the oil from the kernels. Any increase in production costs, whether due to rising labor wages, higher fuel prices, or the implementation of new environmental regulations, can contribute to an increase in the price of palm kernel oil. On the other hand, technological advancements that lead to more efficient production processes can help reduce costs and potentially lower prices.

Get Real Time Prices for Palm Kernel Oil: https://www.chemanalyst.com/Pricing-data/palm-kernal-oil-1527

Demand for palm kernel oil is driven by its versatile applications in various industries. It is widely used in the food industry as an ingredient in products like margarine, confectionery, and baked goods. Additionally, it is a key component in the production of soaps, detergents, and cosmetics due to its unique chemical properties. The growing demand for biofuels has also contributed to the rising demand for palm kernel oil, as it is used in the production of biodiesel. As demand for these products increases, especially in emerging markets, the price of palm kernel oil is likely to rise. Conversely, any decline in demand, whether due to economic downturns, changes in consumer preferences, or the development of alternative raw materials, can put downward pressure on prices.

Geopolitical events and trade policies are also critical in influencing palm kernel oil prices. Tariffs, trade agreements, and export bans can all affect the flow of palm kernel oil in the global market. For instance, if a major producing country decides to impose export restrictions to ensure domestic supply, this could lead to a shortage in the global market, driving up prices. Similarly, the introduction of tariffs by importing countries can increase the cost of palm kernel oil, which might be passed on to consumers in the form of higher prices. Furthermore, political instability in key producing regions can disrupt supply chains, leading to price volatility.

The impact of currency fluctuations should not be underestimated when analyzing palm kernel oil prices. Since palm kernel oil is traded globally, it is often priced in US dollars. As a result, the exchange rates between the US dollar and the currencies of producing or importing countries can influence prices. For example, if the currency of a major producer weakens against the US dollar, it could make palm kernel oil cheaper for buyers using stronger currencies, potentially increasing demand and driving up prices. Conversely, a strong dollar can make palm kernel oil more expensive for buyers using weaker currencies, possibly reducing demand and leading to lower prices.

Sustainability concerns and environmental regulations are increasingly influencing the palm kernel oil market. There is growing pressure on producers to adopt more sustainable practices, such as reducing deforestation and minimizing the environmental impact of palm oil plantations. Compliance with these standards often comes with additional costs, which can be passed on to consumers in the form of higher prices. Moreover, the rise of certification schemes, such as the Roundtable on Sustainable Palm Oil (RSPO), is creating a premium market for sustainably produced palm kernel oil. While this can lead to higher prices for certified products, it also offers opportunities for producers who can meet the demand for sustainably sourced oil.

Finally, speculative activities in the commodity markets can also contribute to fluctuations in palm kernel oil prices. Traders and investors often engage in buying and selling palm kernel oil futures contracts based on their expectations of future price movements. These activities can lead to price volatility, especially if there is a significant disparity between supply and demand forecasts and the actual market conditions. Speculative trading can sometimes exacerbate price swings, making it challenging for producers and consumers to predict future prices accurately.

In conclusion, palm kernel oil prices are influenced by a complex set of factors, including supply and demand dynamics, production costs, climatic conditions, geopolitical events, currency fluctuations, sustainability concerns, and speculative trading. These factors interact in various ways, creating a market that is both dynamic and challenging to navigate. For stakeholders in the palm kernel oil industry, understanding these influences is essential for making informed decisions, whether it be in production planning, pricing strategies, or investment choices. As the global market for palm kernel oil continues to evolve, staying attuned to these factors will be crucial for success in this competitive and volatile market.

Get Real Time Prices for Palm Kernel Oil: https://www.chemanalyst.com/Pricing-data/palm-kernal-oil-1527

Contact Us:

ChemAnalyst

GmbH - S-01, 2.floor, Subbelrather Straße,

15a Cologne, 50823, Germany

Call: +49-221-6505-8833

Email: sales@chemanalyst.com

Website: https://www.chemanalyst.com

[golden-brokers-review-news]

Golden Brokers Review 2021

Golden Brokers will appeal to traders looking for high leverage up to 1:1000 in return for limited regulatory safeguards. It will also appeal to traders familiar with MetaTrader 5.

Golden Brokers is a Malaysian headquartered forex and CFD broker established in 2016. The brand is regulated offshore by the Labuan Financial Services Authority. Retail traders can speculate on 700+ products via the MT5 platform with no commission and a choice of international payment methods.

Forex Trading

Speculate on 60+ major, minor and exotic currency pairs such as EUR/AUD, USD/JPY and EUR/GBP with leverage up to 1:100. Fees are not the most competitive, with average spreads of between 3 and 5 pips for major forex pairs.

Stock Trading

You can speculate on the price of hundreds of shares spanning US, EU and Asian markets. On the negative side, the $20 minimum commission is higher than the best stock brokers.

CFD Trading

Trade 700+ products as CFDs on the powerful MetaTrader 5 platform. Access leverage up to 1:100 on major forex pairs with a 50% stop-out level on the standard account.

Pros

Multiple deposit methods including credit/debit card, wire transfer, Neteller and Dragonpay

Deposits accepted in all major currencies, though will be converted to USD at current market rates

Free demo account available to practise trading risk-free with $100,000 in virtual funds

No commission when you trade forex, indices and commodities

Some educational content and integrated video tutorials

 Cons

High trading fees with average spreads of 4 pips for major currency pairs such as the GBP/USD

Weak regulatory oversight from the LFSA raises safety concerns

No proprietary trading platform or mobile application

Reports of customers' funds being withheld

No live chat support

This review will discuss the Malaysian-based forex broker, Golden Brokers Ltd. We explore its features with information on the trading platform, available markets, fees, regulation, pros, cons and more. Find out whether to open a live account with Golden Brokers.

Headlines

Golden Brokers Limited was founded in 2018. It is regulated by the Malaysian financial regulator Labuan FSC and its headquarters is based in Kuala Lumpur, Malaysia. It is not quite a global broker as many major geographical locations such as France, Germany and Switzerland are restricted, which other brokers for forex and all manner of trading cater to.

Trading Platforms

MetaTrader 5

MT5 is a world-leading platform with many tools and instruments that can be customised to help each user carry out thorough technical analysis and manage their positions. MT5 is a further development of the MetaTrader 4 platform, offering greater functionality, faster processes and a more intuitive layout. This platform is available on your web browser and downloadable on Windows and Mac.

MT5 platform features include:

Copy trading

21 timeframes

One-click trading

Integrated signals

Automated trading

Hedging and netting

38 built-in indicators

6 pending order types

Markets

Forex – Over 60 major, minor and exotic currency pairs

Commodities – 15 commodities, including precious metals and crude oil

Stock CFDs – Large multinational companies such as Apple, Google and Volkswagen

Indices – 14 global equity indices, such as the Dow Jones & FTSE

Trading Fees

Golden Brokers offers quite large spreads, with typical rates around 3-4 pips for major currency pairs like GBP/USD and EUR/GBP. Spreads for indices range from 2 to 50 pips, while commodities sit between 0.07 and 14 pips.

No commissions are charged, though there are overnight swap fees on CFD positions, which sit at a 0.5% charge, with a minimum fee of USD 20. Additionally, there is a dormancy charge of USD 100 for accounts that remain inactive for an entire year.

Mobile Apps

Golden Brokers clients can access mobile trading through the MetaTrader 5 application. This can be downloaded for both Apple (iOS) and Android (APK) devices from the relevant stores, boasting much of the functionality of the desktop versions. The app offers all supported order types, account management systems and asset classes, with 24 analysis tools and 30 indicators.

The broker’s website also links to a proprietary application on the Apple App Store and Google Play Store. However, there is no mention of the functionality of the application, except for the fact that 24/5 customer support is integrated. From the images provided, the application seems sleek, with at least line, area and candlestick chart support.

Payment Methods

Users can make deposits to and withdrawals from their Golden Brokers accounts using bank wire transfers, credit cards, debit cards and online payment services like Neteller. Deposits can be made in any currency, though they will be converted to USD. A minimum deposit limit of USD 100 is imposed.

Leverage

Golden Brokers clients can access leverage for forex pairs, though not for any other assets offered by the broker. All currency pairs have a maximum rate of 1:100, though this is flexible.

Account Types

To open an account with Golden Brokers you will need to provide personal information like your home address and date of birth, as well as income information like annual income and total net worth. Additionally, you must provide documentation showing proof of identity and residence. It is important to note that the broker will only accept transfers of funds from bank accounts listed on the application forms.

Demo Account

Golden Brokers have provided users with the opportunity to practise making trades on their platform and explore the various markets offered with a free demo account. Each account is given USD 100,000 of digital funds to execute forex, commodities, indices and CFD trades in a simulated environment.

Live Accounts

There is a standard live account on the Golden Brokers platform that provides access to the MetaTrader 5 platform and the many financial instruments. There is also the option for an Islamic account, with which users are entitled to 20 calendar days per year that are swap-free.

Regulation

Golden Brokers is regulated by the Labuan Financial Services Authority in Malaysia with License number MB/19/0030.

This means that the company is authorised to conduct its business and must maintain certain industry standards, such as protection of funds, for example. Client funds are kept safe through account segregation with tier-1 banking institutions, meaning that money can be returned if the broker collapses.