#funding traders in singapore

[entrepreneurial-street]

Jas Mathur sues Travis Bott over Traders Domain Ponzi losses

Jas Mathur has sued Travis Bott and Richard Jason Bott over reported Traders Domain Ponzi losses.

Mathur is a Canadian national from India living in California.

Travis Bott is behind a series of fraudulent MLM investment schemes targeting consumers around the world. These include Ryze AI, Westmyn, Onyx Lifestyle, Digital Profit, Meta Bounty Hunters and Meta Lab Agency

Richard Jason Bott is believed to a relative of Travis Bott (right). Both Botts are Utah residents.

As per a lawsuit filed by Mathur’s Wyoming shell company EM1 Capital LLC in California last October;

Since around mid-December 2022, T. Bott had been promoting a SIngapore-based investment fund to mutual friends of Jas Mathur, president of EM1.

Bott explained that the funds would be trading in Traders-Domain platform, which is controlled/managed by Fredirick “Ted” Safranko, a close friend and business partner of T. Bott for the past several years.

This is a bit of an odd timeline, seeing as Traders Domain collapsed in or around October 2022.

So far US regulators have only gone after part of Traders Domain, the SAEG Ponzi side of the business (~$145 million).

Safranko, a Canadian national has gone into hiding. In September 2023 the CFTC secured a $3.8 million judgment against Safranko.

Leaked financial records reveal the full extent of Safranko’s Traders Domain related fraud exceeds $370 million.

According to Mathur, Travis Bott had been recruiting people into DWHTD Technology PTE LTD (aka “Drive Fund”), a Singapore shell company.

Recruitment was done through Alliance Management Services LLP, a Utah shell company Travis Bott allegedly owns.

Following an introduction by a mutual friend, on January 5, 2023, T. Bott presented Mathur with an opportunity to invest $1 million in a “proprietary trading venture” whose returns, as established by historical performance, would generate an 18% monthly return on the investment over the course of one (1) year.

T. Bott elaborated to Mathur that he owned a company called SAVVY Wallet which was licensed by Evolve Bank & Trust, N.A.

According to T. Bott, all members and users of SAVVT Wallet would receive a debit card which would facilitate withdrawal of funds.

To that end T. Bott presented Mathur with a document entitled Investment Management Agreement, which Mathur signed on behalf of his company, Plaintiff EM1, on January 7, 2023.

Savvy Wallet is owned by Frank DiCrisi (right) and Gregory “Tuffy” Baum. The payment processor was used to launder millions from The Traders Domain investors.

If Travis Bott had an ownership stake in Savvy Wallet, this is the first I’m hearing of it.

Pursuant to the terms of the IMA, EM1 agreed to invest $1 million in DWHTD and DWHTD agreed to pay a minimum of 18% every month on the total account balance of $1 million for thirteen (13) months.

FWHTD further agreed that at the end of the thirteen (13) month period, DWHTD would return 100% of EM1’s principal investment ($1 million).

The IMA further provides for termination upon non-performance of the agreement.

Specifically, non-performance is defined as monthly returns less than 18%.

Thus, in the event that DWHTD failed to make a monthly payment of 18% to EM1, EM1 had the right to terminate that agreement immediately and receive 100% of the principal funds back within thirty (30) days of termination.

DWHTD is represented by Lim Hang Guan Simon, a purported Singaporean citizen. A copy of the IMA between EM1 and DWHTD is attached to EM1’s Complaint as an exhibit:

After execution of the IMA, per T. Bott’s instructions, EM1 wired the principal investment of $1 million to AMS, a Utah company owned by T. Bott and R. Bott.

Per T. Bott, the 18% monthly interest payments from the $1 million investment would be disbursed monthly into Mathur’s SAVVY Wallet.

You can probably guess what happened next…

On February 3, 2023, Mathur contacted T. Bott, requesting that he be paid the return he was promised.

T. Bott replied that the funds only get disbursed after a full thirty (30) days, so a payment would be forthcoming in the middle of February 2023.

On February 16, 2023, T. Bott called Mathur and stated that the operators of the funds had an issue, this time attempting to distinguish his role at the fund as a mere investor, rather than an owner.

Despite his new claim that he was just an investor, T. Bott proceeded to advise Mathur that the account had taken around a 50% loss, and Mathur could either get back $650,000 today … or wait until the end of March and receive the past-due 18% returns from January, February and March.

T. Bott elaborated that other mutual friends who invested through him all opted to wait until the end of March.

Mathur would later realize Bott had convinced his mutual friends that it was he who had opted to wait till the end of March “and that they should follow his lead”.

On March 14, 2023, Mathur met with T. Bott in Los Angeles, California to discuss his investment.

Prior to the meeting, Mathur performed an internet search of the Trading Platform, only discover that Ted Safranko was charged by the CFTC in a $144,043,883 fraud.

Upon informing Bott of his findings, Bott is alleged to have grown “irate and began insulting Mathur”.

The conversation deteriorated when T. Bott threatened Mathur is front of two mutual friends, stating that he had a gun on him and would use it on Mathur.

As those present endeavored to de-escalate the situation, Mathur queried T. Bott as why, as such a purported big shot, he could not just wire Mathur the $1 million back immediately without any profits.

T. Bott responded that he would do it the following day but changed his mind minutes later, and instructed Mathur to wait until the end of this month, and if there was no progress, T. Bott said he would “vouch for it”.

Subsequently, T. Bott advised Mathur that, due to involvement of mutual friends between the two, T. Bott would provide a loan against the funds in the Meta Trader account until a supposed “withdrawal issue” could be navigated.

As at the time of filing his lawsuit, Mathur claims “no loan or other payments have been made”.

Rather, following involvement of counsel and a preliminary investigation, it has become evidence that the entire investment opportunity is and always was a sham.

In line with The Traders Domain having already collapsed by the time Bott made the DWHTD investment offer to Mathur, Mathur further learned

DWHTD was incorporated on December 28, 2022, which is after T. Bott floated the investment opportunity to Mathur’s acquaintances in mid-December 2023 with representations that the company historically could return the promised 18% monthly returns on investment.

[Furthermore] DWHTD has no actual physical presence in Singapore and its address is a corporate agent, offering incorporation services and a “virtual” address.

Mathur also noted DWHTD’s stated business nature was “trading of gold against the dollar” in the IMA. DWHTD’s shell company registration however stated it was involved in “development of software and applications (except games and cybersecurity)”.

Next, for a reason that remains unanswered, T. Bott directed Mathur to wire the funds to a Utah company T. Bott owns with his brother, R. Bott.

This company is not listed in the IMA and has no visible connection to anything subject to the IMA.

Mathur concludes;

In sum, this transaction is, on its face, a scam perpetrated in a blunt fashion, through plain fraud.

There are no returns, there is no live viable company, and there is no trading.

Rather, T. Bott and his brother R. Bott, simply defrauded EM1 out of $1 million.

Causes of action against DWHTD and the Botts include:

fraud;

conversion;

violation of Penal Code section 496; and

breach of contract

On or around February 7th, 2024, Bott had Mathur’s Complaint moved from the Los Angeles Superior Court to the Central District of California.

On March 27th, Bott filed his answer to Mathur’s complaint – mostly denying Mathur’s allegations. Bott also filed a counterclaim against Mathur, alleging “intentional infliction of emotional distress”.

As opposed to pitching Mathur himself on The Traders Domain, Bott claims “third parties” did his dirty work.

What exactly was represented represented to Mathur regarding the Drive Fund is unknow [sic].

However, after discussing the opportunity with the third parties, Mathur became immersed with the Drive Fund, and therefore wanted to invest $1,000,000, hoping that he would receive a large return on his investment.

Again, pursuant to The Traders Domain collapsing in or around October 2022, Bott claims

the Drive Fund was no longer accepting further investments.

So, the only way to obtain a holding in the Drive Fund would be to purchase all or part of an existing holding from someone who had already invested in the opportunity.

Once purchased, the already-invested holder would transfer part of his holding to the purchaser, thereby granting the purchaser a position in the Drive Fund in an amount equal to his purchase.

Bott claims undisclosed “third parties … each had a $1,000,000 in the Drive Fund” [sic].

Because Mathur wanted a $1,000,000 holding himself, he was unable to take the holding by the third parties since they did not have enough to transfer.

As a result, the third parties informed Mathur they had an acquittance [sic] who had several millions of dollars in the Drive Fund, and who may be willing to transfer a million dollars of that holding to Mathur. That acquittance [sic] was Bott.

Bott claims it was only then that he met Mathur.

Per Mathur’s request, the third parties reached out to Bott and inquired whether he would be willing to sell a million dollars of his holding in the Drive Fund to Mathur.

At first, Bott was reluctant to sell any portion of his holding to Mathur because he was not familiar with Mathur and had no prior relationship whatsoever.

However, because of Bott’s close relationship with the third parties, he eventually acquiesced to their request and agreed to meet with Mathur.

Thereafter, Mathur and Bott spoke on the phone. Bott was very clear to Mathur that he was not making any representations or guarantees regarding the Drive Fund, and that Mathur needed to conduct his own due diligence to determine whether he wanted to proceed with the transaction.

Bott agrees the exhibited IMA was executed in early January 2023. Bott doesn’t explain why himself or his Utah shell company didn’t appear on any signed agreements.

On January 9, 2023, Mathur transferred $1,000,000 to Bott’s company.

That same day, Bott transferred $1,000,000 of the Drive Fund holding to Mathur’s company’s, EM1 Capital, LLC.

Again, remembering that The Traders Domain collapsed in or around October 2022, Bott alleges;

As time went one, the Drive Fund eventually defaulted, and the opportunity went nowhere. Fortunately for all the investors, the Drive Fund refunded everyone their initial investment plus any additional return that was gained while the Drive Fund was active.

The funds were transferred to each investor’s Trader Domain account.

However, at the same time the Drive Fund defaulted, Trader’s Domain began having liquidity issues, and all accounts were placed on hold.

To date, all Trader Domain accounts are placed on hold. As a result, no investor of the Drive Fund has been able to withdraw their funds from the Trader Domain platform. This includes both Bott and Mathur.

Bott’s allegations require shifting locking of investor accounts to around February or March 2023 – six months or so after The Trader Domain collapsed.

The rest of Bott’s counterclaim presents him as an innocent bystander;

Although Mathur made his decision to invest in the Drive Fund prior to meeting Bott, Mathur for some reason blamed Bott for having invested his $1,000,000.

Interestingly, the funds that were returned by the Drive Fund were sitting in a Trader Domain account that Mathur already had prior to speaking with Bott.

Bott had nothing to do with the activation of the Trader Domain account. Despite this, Mathur blamed Bott for his inability to withdraw the funds.

Subsequently, Mathur went on a rampage with threats against Bott.

For example, on or about March 12, 2023, Mathur was at a meeting at a private house with Bott and several other individuals.

During the meeting, Mathur approached Bott and began blaming him for not being able to withdraw the $1,000,000 mentioned above.

He then proceeded to make threats against Bott’s life unless the money was paid back.

After the threats were made, the third-party individuals present at the home got in between Mathur and Bott and broke up the confrontation.

In addition, Mathur has instructed certain individuals to contact Bott via text message to make death threats unless the $1,000,000 was paid back to Mathur.

Also, it has recently been discovered that Mathur was present at a party in California. Several attendees were friends of Bott.

During that party, Mathur began inquiring about Bott’s physical location, claiming that Mathur needed to get him served with the complaint at issue.

However, Bott had already been served with the complaint and Mathur was fully aware of this fact. Thus, it was clear that Mathur was attempting to find Bott to further carry out his death threats, and perhaps even to hurt Bott.

Bott asserts allegedly stealing $1 million from Mathur has left him “emotionally harmed”.

Bott is in fear for his life and continues to suffer emotional damage.

On April 12th, the court granted a motion by Richard Jason Bott to dismiss Mathur’s case against him. The dismissal was granted on personal jurisdiction grounds, not the merits of Mathur’s allegations.

Mathur was also denied from serving DWHTD Technology PTE LTD via email.

On April 10th, Mathur filed his First Amended Complaint. CTB Rise International Inc. was added as a defendant.

On May 23rd, Bott’s attorney informed the court that a private settlement had been reached. As a result, the court dismissed the case on May 24th.

From a regulatory and law enforcement perspective, the underlying alleged securities, commodities and wire fraud, as well as suspected money laundering, remains unaddressed.

Such is the case with the wider The Traders Domain Ponzi scheme, with total investor losses pegged at around $3.3 billion.

[blockinsider]

Ether Surges Ahead of BTC in Daily Earnings Amidst Stagnant Crypto Market

Key Points

Ethereum (ETH) has outperformed Bitcoin (BTC) in daily gains amidst two significant cryptocurrency events.

The broader cryptocurrency market remains largely stagnant despite modest increases in both digital currencies.

Ethereum (ETH) surpassed Bitcoin (BTC) in daily gains following the conclusion of two pivotal cryptocurrency events, Token 2049 and Solana’s Breakpoint, in Singapore on September 22, 2024. Despite modest increases in both digital currencies, the broader market remained largely flat, indicating ongoing uncertainty.

Ethereum and Bitcoin Performance

Ethereum increased by 3.10%, exceeding $2,650, while Bitcoin rose by 1.46%, reaching $63,630 in the last 24 hours. Notably, Ethereum surged by 15.80% in the past week, indicating a significant recovery from its bearish trend last month, which saw it hit the $21,70 mark on September 6th after a decline of over 18% as of September 23.

Market Liquidations and Speculations

Data from CoinGlass in the 12 hours leading up to September 23 revealed a higher number of short positions liquidated compared to long ones, with $64.89 million in short liquidations and $31.61 million in long ones. This suggests a volatile trading environment, likely influenced by last week’s 50 basis point (bps) interest rate cut, which spurred increased trading activity.

Market participants are speculating about another rate cut, with Polymarket indicating a near-even split: 43% expect a 50 bps cut and 48% anticipate a 25 bps reduction.

Solana (SOL), which was highlighted at the Breakpoint conference following Token 2049, remained flat, trading above $145. Despite SOL’s price stagnation, the conference generated excitement, particularly around new developments like Jump Crypto’s validator going live. However, SOL has yet to see the kind of price movement that followed Ethereum’s rise.

Market Developments Post Rate Cut

Pendle, a project associated with Arthur Hayes’ Maelstrom fund, saw its value decline over 6.25% as traders became wary after the fund reduced its holdings. Hayes suggested that the move was designed to free up liquidity for a “special situation,” though details remain vague. Despite the short-term dip, Pendle has gained 21.81% over the past week.

MOTHER, a meme coin supported by Iggy Azalea, increased by 4% following her announcement of plans to launch an online casino named Motherland. Although the meme coin’s value has been relatively steady, it faces difficulties securing listings on major exchanges due to regulatory challenges tied to gambling ventures.

Overall, the cryptocurrency market remains quiet, with minor gains in Bitcoin and Ethereum but no significant shifts in sentiment. As interest rate cuts continue to affect the market and projects like Solana and Pendle prepare for new developments, traders remain cautious in this sluggish environment.

[companyknowledgenews]

Singapore’s Oil Party Spoiled by Falling Prices and China Gloom - Journal Global Internet https://www.merchant-business.com/singapores-oil-party-spoiled-by-falling-prices-and-china-gloom/?feed_id=192798&_unique_id=66dd54d9dec28 #GLOBAL - BLOGGER BLOGGER The oil party isn’t over yet — but for top merchants and executives gathering for talks and rooftop cocktails in Singapore this week, the exuberance that came with the outsized profits of recent years is quickly fading.Author of the article:Bloomberg NewsSerene CheongPublished Sep 07, 2024  •  4 minute readhlqz3bs]is7vs[bn(s9q9)mf_media_dl_1.png Bloomberg(Bloomberg) — The oil party isn’t over yet — but for top merchants and executives gathering for talks and rooftop cocktails in Singapore this week, the exuberance that came with the outsized profits of recent years is quickly fading.China’s economic slowdown, structural shifts in the global energy mix and the prospect of additional crude supply are all weighing on refiners and producers. Processing margins have tumbled. Traders will be no less glum, as the turbulence of the pandemic and of the months that followed Russia’s invasion of Ukraine — once-in-a-generation events — have been replaced by low volatility.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world’s leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman and others.Daily content from Financial Times, the world’s leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Merchant Sign In or Create an AccountorArticle contentThe thousands of oil executives, hedge funds and investors gathering for the Asia Pacific Petroleum Conference (APPEC) will be facing up to the grim reality that is already forcing Wall Street analysts to revise down price and demand forecasts. In recent weeks, global oil prices have erased all gains for this year. OPEC and allied nations have found themselves compelled to postpone a supply hike that could have tipped the market into surplus.Sentiment is unquestionably bearish, said Warren Patterson, head of commodities strategy for ING Groep NV in Singapore, absent a return to the geopolitical uncertainty and trading frenzy of the years when Donald Trump was in the White House. “It would take something like Trump coming back in to shake things up again to add that kind of excitement and turbulence back into the market.”Of all the gloomy topics at Asia’s biggest oil gathering of the year, the toughest to avoid will be China — and the question of whether cooling consumption is masking a more permanent decline in fossil fuel use as clean energy takes hold. Beijing’s economic troubles run deep, and indicators have repeatedly sounded warnings on demand in the world’s largest crude importer, until recently a key source of growth for global crude. In August, factory

activity contracted for a fourth straight month, while loan data has been uninspiring and the job market dour. Economists are now forecasting China will fall short of delivering its growth target of around 5% this year.By signing up you consent to receive the above newsletter from Postmedia Network Inc.Article contentArticle contentTraders who anticipated a stimulus-led recovery have repeatedly been forced to revise their forecasts, initially pushing the revival back to early this year and now into 2025. Even then, China will likely face a new normal when it comes to energy. Commodities trader Trafigura is among those who have suggested the nation’s gasoline demand may have already peaked due to rapid growth in electric vehicles, while high-speed rail travel and trucks fueled by liquefied natural gas are crimping appetite for jet fuel and diesel. These, combined with a slump in consumer confidence, have already contributed to a year-on-year dip in crude imports from January-July — a phenomenon previously seen only during the depths of Covid-19.The other cloud hanging over the Singapore gathering is Organization of the Petroleum Exporting Countries and allies and what comes next — even after the cartel brushed off Libyan outages and pushed back additional supply for two months —  a move that still wasn’t enough to roll back steep price losses. Since OPEC+ began output cuts in 2020, some of the group’s traditional suppliers have been losing ground in China, where refiners cranked up imports of restricted crude, using networks that the US cannot reach. India has turned to lesser-known entities to broker deals. Article contentWhile Saudi Arabia has invested more in Chinese refiners, locking in some downstream demand, it’s unclear if that’s enough to stem a decline. A slump in margins is capping processors’ ability to pay for imports, leading operating rates at China’s private refining sector to hover at close to 50% or lower in the past weeks. State-owned processors, meanwhile, are considering trimming volumes in a counter-seasonal move. The one irrefutable winner next week will be the city-state of Singapore. From its skyscrapers, oil executives will spot the queue of hundreds of vessels waiting off the coast for their chance to refuel, a reminder that this is one of the world’s busiest bunkering hubs, as well as a key financing center.Since attacks from Houthi rebels in the Red Sea began last year, the port of Singapore has seen a surge in bunker fuel sales and trans-shipment activity as vessels ranging from container carriers to oil supertankers make the detour around the African continent, skipping spots such as Fujairah in favor of Southeast Asia. The trading community that has thrived along with the port is still expanding. Even Dubai’s emergence as an attractive alternative for many companies — a financial center where firms handling Iranian and Russian trades can easily be set up and dissolved — has yet to dent the appeal of the island nation.What may be up for uncomfortable discussion, among cocktails and presentations, is whether China’s slowdown could.Article contentSource of this programme “My grandma says this plugin is interesting!”“The oil party isn’t over yet — but for top merchants and executives gathering for talks and rooftop cocktails in Singapore this week, the exuberance that came with the outsized…”Source: Read MoreSource Link: https://financialpost.com/pmn/business-pmn/singapores-oil-party-spoiled-by-falling-prices-and-china-gloom#Merchant – BLOGGER – Merchant http://109.70.148.72/~merchant29/6network/wp-content/uploads/2024/09/g5ba0636b01eb30bb0c24b8c39023f687899a69bf52b3d916156b628866ec299a69ed0e802518cb5b9f79006e483f7637207.jpeg The oil party isn’t over yet — but for top merchants and executives gathering for talks and rooftop cocktails in Singapore this week, the exuberance that came with the outsized profits of recent years is quickly fading. Author of the article: Bloomberg News Serene Cheong Published Sep 07, 2024  •  4 minute read hlqz3bs]is7vs[bn(s9q9)mf_media_dl_1.

png Bloomberg … Read More

[internetcompanynews]

Singapore’s Oil Party Spoiled by Falling Prices and China Gloom - Journal Global Internet - BLOGGER https://www.merchant-business.com/singapores-oil-party-spoiled-by-falling-prices-and-china-gloom/?feed_id=192793&_unique_id=66dd53b096e6e The oil party isn’t over yet — but for top merchants and executives gathering for talks and rooftop cocktails in Singapore this week, the exuberance that came with the outsized profits of recent years is quickly fading.Author of the article:Bloomberg NewsSerene CheongPublished Sep 07, 2024  •  4 minute readhlqz3bs]is7vs[bn(s9q9)mf_media_dl_1.png Bloomberg(Bloomberg) — The oil party isn’t over yet — but for top merchants and executives gathering for talks and rooftop cocktails in Singapore this week, the exuberance that came with the outsized profits of recent years is quickly fading.China’s economic slowdown, structural shifts in the global energy mix and the prospect of additional crude supply are all weighing on refiners and producers. Processing margins have tumbled. Traders will be no less glum, as the turbulence of the pandemic and of the months that followed Russia’s invasion of Ukraine — once-in-a-generation events — have been replaced by low volatility.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world’s leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman and others.Daily content from Financial Times, the world’s leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Merchant Sign In or Create an AccountorArticle contentThe thousands of oil executives, hedge funds and investors gathering for the Asia Pacific Petroleum Conference (APPEC) will be facing up to the grim reality that is already forcing Wall Street analysts to revise down price and demand forecasts. In recent weeks, global oil prices have erased all gains for this year. OPEC and allied nations have found themselves compelled to postpone a supply hike that could have tipped the market into surplus.Sentiment is unquestionably bearish, said Warren Patterson, head of commodities strategy for ING Groep NV in Singapore, absent a return to the geopolitical uncertainty and trading frenzy of the years when Donald Trump was in the White House. “It would take something like Trump coming back in to shake things up again to add that kind of excitement and turbulence back into the market.”Of all the gloomy topics at Asia’s biggest oil gathering of the year, the toughest to avoid will be China — and the question of whether cooling consumption is masking a more permanent decline in fossil fuel use as clean energy takes hold. Beijing’s economic troubles run deep, and indicators have repeatedly sounded warnings on demand in the world’s largest crude importer, until recently a key source of growth for global crude. In August, factory activity contracted for a fourth straight month, while loan data has been uninspiring and the job market dour.

Economists are now forecasting China will fall short of delivering its growth target of around 5% this year.By signing up you consent to receive the above newsletter from Postmedia Network Inc.Article contentArticle contentTraders who anticipated a stimulus-led recovery have repeatedly been forced to revise their forecasts, initially pushing the revival back to early this year and now into 2025. Even then, China will likely face a new normal when it comes to energy. Commodities trader Trafigura is among those who have suggested the nation’s gasoline demand may have already peaked due to rapid growth in electric vehicles, while high-speed rail travel and trucks fueled by liquefied natural gas are crimping appetite for jet fuel and diesel. These, combined with a slump in consumer confidence, have already contributed to a year-on-year dip in crude imports from January-July — a phenomenon previously seen only during the depths of Covid-19.The other cloud hanging over the Singapore gathering is Organization of the Petroleum Exporting Countries and allies and what comes next — even after the cartel brushed off Libyan outages and pushed back additional supply for two months —  a move that still wasn’t enough to roll back steep price losses. Since OPEC+ began output cuts in 2020, some of the group’s traditional suppliers have been losing ground in China, where refiners cranked up imports of restricted crude, using networks that the US cannot reach. India has turned to lesser-known entities to broker deals. Article contentWhile Saudi Arabia has invested more in Chinese refiners, locking in some downstream demand, it’s unclear if that’s enough to stem a decline. A slump in margins is capping processors’ ability to pay for imports, leading operating rates at China’s private refining sector to hover at close to 50% or lower in the past weeks. State-owned processors, meanwhile, are considering trimming volumes in a counter-seasonal move. The one irrefutable winner next week will be the city-state of Singapore. From its skyscrapers, oil executives will spot the queue of hundreds of vessels waiting off the coast for their chance to refuel, a reminder that this is one of the world’s busiest bunkering hubs, as well as a key financing center.Since attacks from Houthi rebels in the Red Sea began last year, the port of Singapore has seen a surge in bunker fuel sales and trans-shipment activity as vessels ranging from container carriers to oil supertankers make the detour around the African continent, skipping spots such as Fujairah in favor of Southeast Asia. The trading community that has thrived along with the port is still expanding. Even Dubai’s emergence as an attractive alternative for many companies — a financial center where firms handling Iranian and Russian trades can easily be set up and dissolved — has yet to dent the appeal of the island nation.What may be up for uncomfortable discussion, among cocktails and presentations, is whether China’s slowdown could.Article contentSource of this programme “My grandma says this plugin is interesting!”“The oil party isn’t over yet — but for top merchants and executives gathering for talks and rooftop cocktails in Singapore this week, the exuberance that came with the outsized…”Source: Read MoreSource Link: https://financialpost.com/pmn/business-pmn/singapores-oil-party-spoiled-by-falling-prices-and-china-gloom#Merchant – BLOGGER – Merchant http://109.70.148.72/~merchant29/6network/wp-content/uploads/2024/09/g5ba0636b01eb30bb0c24b8c39023f687899a69bf52b3d916156b628866ec299a69ed0e802518cb5b9f79006e483f7637207.jpeg Singapore’s Oil Party Spoiled by Falling Prices and China Gloom - Journal Global Internet - #GLOBAL BLOGGER - #GLOBAL

[apextradefunding]

Unlocking Trading Potential: A Guide to Apex Trader Funding and The Funded Trader in Singapore

In the world of trading, accessing capital is crucial for maximizing potential returns and scaling one's trading career. For traders in Singapore, the emergence of funded trading programs like Apex Trader Funding and The Funded Trader offers an exciting opportunity to trade with larger accounts without putting up personal capital. These platforms provide funding traders in Singapore, opening doors to advanced trading strategies and greater financial freedom.

Why Seek Funding for Traders in Singapore?

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Apex Trader Funding in Singapore: A Prime Choice for Traders

Apex Trader Funding in Singapore has emerged as a leading provider of funding solutions for local traders. The platform evaluates traders based on their performance in specific challenges and offers funding once traders meet the necessary criteria. This model ensures that only skilled and disciplined traders gain access to real trading accounts, reducing the risks for both the platform and the trader.

Traders who succeed in the evaluation process are granted capital to trade, along with access to tools that can help improve their trading decisions. With funded trading accounts in Singapore, traders are not only provided with the necessary capital but also given the resources to increase their profitability in various financial markets. Apex Trader Funding makes it easier for individuals to start trading with the confidence that they have the financial support they need.

The Funded Trader in Singapore: Empowering Local Traders

Another popular platform in Singapore is The Funded Trader in Singapore, which provides traders with the opportunity to unlock capital for trading through similar performance-based evaluations. This platform offers multiple funding options depending on the trader’s risk appetite and skill level, making it ideal for both beginners and experienced traders.

By participating in funded trading accounts in Singapore, traders can focus on refining their trading strategies, knowing that they have the backing of a reputable funding platform. The funded trader in Singapore has access to a structured approach that helps mitigate trading risks and maximize rewards. These programs are particularly beneficial for traders who lack the necessary capital to enter the markets at a competitive level.

How Funded Trading Accounts in Singapore Work

The core advantage of programs like Apex Trader Funding and The Funded Trader is their structure, which gives traders access to real-world capital without requiring them to use their own money. The evaluation phase of these programs allows traders to showcase their skills and prove their worth before being granted funds. For the funded trader in Singapore, this means they can start trading with a significantly larger balance compared to personal accounts, which increases their profit potential.

In addition to funding, traders receive access to robust trading platforms, advanced tools, and education that help them improve their trading. For those looking for funding traders in Singapore, these platforms ensure that they are not just given capital but also the support needed to succeed in the highly competitive world of trading.

Conclusion: A Path to Success in Trading

In conclusion, platforms like Apex Trader Funding in Singapore and The Funded Trader in Singapore offer excellent opportunities for traders to access capital, improve their skills, and increase their profitability. By participating in funded trading accounts in Singapore, traders can focus on refining their strategies without the risk of losing their personal savings. These programs open new doors for traders who are serious about building a career in trading and achieving long-term success in the financial markets.

For more details https://apextraderfunding.com/

[alejandrotrader]

My Exciting Journey with ORION Wealth Academy’s GOAT1001 Program

I’ve always been fascinated by the world of trading, but like many, I found the complexity daunting. That all changed when I discovered ORION Wealth Academy’s GOAT1001 program. This transformative journey has been nothing short of incredible, and I want to share my experiences and insights with you.

Upcoming Events

I’m thrilled to announce the next sessions of the GOAT1001 program, which are not to be missed:

GOAT1001: Stage 1–9th Session

Date: August 6th

Location: Level 6, HarbourFront Tower Two, Singapore 099254

Time: 10:30am — 4:00pm

GOAT1001: Stage 1–10th Session

Date: August 13th

Location: Level 6, HarbourFront Tower Two, Singapore 099254

Time: 10:30am — 4:00pm

Introduction

In 2009, the BBC in the UK recruited 1,000 trading novices and selected eight to be trained by financial guru Lex van Dam. This experiment proved that even those with little or no trading experience could become professional traders. Inspired by this and the famous Turtle Trading Experiment, ORION Wealth Academy is on a mission to discover the next professional trader.

Why I Love ORION Wealth Academy

The GOAT1001 program has been a game-changer for me. The trading strategies are easy to learn and have an impressive win rate of up to 80%. The support from the professional team is top-notch, helping with money management and risk control. The feeling of being part of a community striving towards the same goal is incredibly motivating.

A Path to Success

The program’s structure, from demo accounts to live trading, provides a comprehensive learning experience. You start with a $100,000 demo account to get a feel for trading strategies, then move on to a $1,000 live account to test your skills in the real world. The gradual increase in responsibility and the chance to manage significant funds makes the journey exciting and rewarding.

Join the Elite

The GOAT1001 program offers an exclusive opportunity to learn and grow. Whether you’re new to trading or have some experience, the structured approach and support system will help you develop your skills and confidence. The possibility of earning up to $10,000 a month and managing funds starting from $100K is a testament to the program’s potential.

If you’re passionate about trading and eager to learn, ORION Wealth Academy’s GOAT1001 program is the perfect opportunity. The combination of expert guidance, proven strategies, and a supportive community makes it an unbeatable choice for aspiring traders. Don’t miss out on the chance to transform your trading journey and achieve consistent profits.

How to Get Started

Participating is easy. Simply register by filling out the form, and the ORION Wealth Academy team will guide you through the next steps.

Phone: +65 8892 5507

Email: goat1001@orionta.com

Social Media: ORION Wealth Academy

Joining ORION Wealth Academy’s GOAT1001 program has been one of the best decisions I’ve made in my trading career. Let’s build wealth and achieve consistent profits together!

[blockinsider]

OKX Crypto Exchange Launches AUD Trading Pairs for Aussie Users

Key Points

Crypto exchange OKX has introduced AUD trading pairs for Australian customers.

This move is part of OKX’s continued expansion in Australia and aims to drive adoption of cryptocurrency in the country.

Cryptocurrency exchange OKX has launched AUD trading pairs for its Australian customers, according to a recent press release. This addition makes OKX the largest global exchange offering order book-based AUD pairs for spot trading in Australia.

OKX’s Growth in Australia

From today, Australian crypto traders will be able to buy and sell major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC) directly against the local fiat currency.

This move comes three months after OKX expanded its global operations to Australia in May, launching a regional platform dedicated to servicing users in the region.

The platform allowed users to access the company’s spot market and derivatives trading for verified wholesale clients. It also provided local customers with the ability to deposit and withdraw AUD via local banks, and access express buy/sell and convert functions.

The introduction of AUD trading pairs further strengthens OKX’s presence in Australia. Jamie Kennedy, the regional manager of OKX Australia, stated that the new offering is a direct response to the demands of local traders.

Boosting Crypto Adoption in Australia

Kennedy believes that offering local fiat trading capabilities will be crucial in driving the adoption and development of the local crypto ecosystem. He added that OKX will continue investing in and introducing new, tailored products to help realize this vision.

OKX has been steadily expanding its global footprint since the start of this year. In June, it extended its services in Europe with the launch of a dedicated platform for users in the European Economic Area (EEA).

Shortly after the launch, OKX expanded to the Netherlands, allowing Dutch users to access both its digital assets trading platform and Web3 wallet.

The firm partnered with a local payment provider called iDeal to enable users to deposit European euros into their trading accounts. This integration allows traders to easily fund their accounts to buy up to 150 different cryptocurrencies available on the platform.

In early 2024, OKX secured a regulatory license in Dubai, enabling it to bring its full suite of products to the market. Around the same time, the company also obtained another license in Singapore.

[enterprisewired]

GameStop Raises $2 Billion in Equity Sale Amidst Meme Stock Surge

Source – Yahoo News Singapore

GameStop Corporation made a significant financial move on Tuesday by successfully raising over $2 billion through an at-the-market equity sale. This development comes amidst a resurgence in the meme stock rally, where retail investors have shown renewed interest in the company’s stock.

Purpose of Fundraising and Market Reaction

GameStop stated that the funds generated from the equity sale will be allocated for general corporate purposes. This includes potential investments and acquisitions, signaling the company’s strategic intent to leverage its strengthened financial position amid ongoing market volatility.

Monitoring Roaring Kitty’s Influence

Throughout the week, market analysts and traders closely monitored the actions of prominent investor Roaring Kitty, known for his significant holdings and influence in GameStop’s trading community. His strategic moves have the potential to impact the stock’s pricing dynamics due to the scale of his holdings in call options.

Intensified Trading Activity and Stock Performance

In late afternoon trading on Wednesday, GameStop experienced a sudden sell-off in its shares coinciding with a notable surge in trading volume for specific call options held by Roaring Kitty. Call options provide investors the right to purchase a stock at a predetermined price within a specific timeframe, with their value increasing if the stock surpasses the strike price.

Specifically, GameStop call options with a $20 strike price and an expiration date of June 21 saw a remarkable trading volume of 93,266 contracts on Wednesday. This figure starkly contrasted with its 30-day average volume of 10,233 contracts. However, during the trading session, the prices of these contracts plummeted by more than 40%, correlating with a 16.5% decline in GameStop’s stock price.

Uncertainty and Trading Dynamics

While Roaring Kitty disclosed ownership of 120,000 contracts of these call options in a screenshot shared earlier in the week, it remained uncertain if his trading activity directly influenced the heightened volume. Options traders speculated that his substantial holdings could potentially sway market sentiment given the scale of his positions.

As of Thursday morning, the open interest on these calls, which represents the total number of contracts outstanding, decreased to 111,818 contracts, slightly below Roaring Kitty’s initial position. The ongoing trading activity continued to reflect the speculative nature of the market, with over 47,000 contracts changing hands on Thursday alone.

The developments underscored the heightened volatility and investor interest surrounding GameStop, driven by both strategic corporate financing decisions and the active involvement of influential individual investors like Roaring Kitty in the stock’s trading dynamics.

Curious to learn more? Explore our articles on Enterprise Wired

[bittreasuryexchange]

Bit Treasury Exchange - Wall Street Eyes Ethereum ETFs as Approval Nears

Traders turn to betting on SEC approved spot Ethereum ETFs;

The current signs of regulation suggest that regulatory agencies may give the green light.

Due to signs that the United States has approved exchange traded funds to directly invest in the second largest token, Ethereum, cryptocurrency prices have surged, which is completely different from last week's more pessimistic outlook.

The market speculation about spot Ethereum ETFs is partly due to the resurgence of investor enthusiasm for Bitcoin funds in the United States. The listing of Bitcoin funds in January stimulated the rise of this largest digital asset to a historic high.

Ethereum rose nearly 14% during trading hours in the United States, the largest increase since November 2022, and then further rose during Asian trading hours. As of 9:33 am Singapore time on Tuesday, the exchange price rose to $3666. Bitcoin once climbed to $72000, approaching its historical peak of nearly $74000 in mid March.

According to insiders, the US Securities and Exchange Commission has contacted at least one exchange and at least one potential Ethereum ETF spot issuer to update the relevant 19b-4 filing documents. As this matter has not been made public, insiders have requested anonymity. A person familiar with the matter said that this indicates that the likelihood of approval by the US Securities and Exchange Commission may be increasing. The person added that this conversation was an unexpected change, but there can be no guarantee that it will be approved.

ETF file deadline

The 19b-4 file is only a part of the required files. The issuer also needs regulatory authorities to sign the S-1 registration statement before launching the product. At least one decision on Ethereum spot ETF application will be made before May 23rd.

A spokesperson for the US Securities and Exchange Commission stated that the agency will not comment on documents submitted by individuals.

"The US Securities and Exchange Commission is more likely to lean towards potential approvals, and traders are now rushing to build positions because many people have completely ruled out the possibility of obtaining approval," said analyst Chris Newhouse on social media.

Ethereum is the native token of Ethereum block chain, which is the most important commercial highway in cryptocurrencies. This network is very popular in decentralized financial services, where investors trade and borrow through automated software protocols instead of traditional intermediaries.

Increase in pass rate

On Monday, Eric Balchunas, an ETF analyst at Bloomberg, stated that he and his colleague James Seyfart have increased the estimated probability of approval for spot Ethereum ETFs from 25% to 75%.

Bloomberg News reported on Friday, citing two insiders, that some fund companies were originally expected to be rejected because their private negotiations with the SEC were not smooth compared to the preparation stage before the launch of Bitcoin spot ETFs.

The cautious attitude of some investors remains evident. FalconX's market director Ravi Doshi said, "The derivatives department has seen that most of our counterparties have downplayed this measure, and it is expected that the SEC's action will be slower than market expectations."

The skeptical US Securities and Exchange Commission had been cracking down on cryptocurrencies, but after a reversal in 2023, the commission reluctantly acquiesced to the US spot Bitcoin ETF at the beginning of this year. The products of companies such as BlackRock and Fidelity Investment have accumulated $58 billion in assets, making it one of the most successful debuts in the history of fund categories.

BlackRock and Fidelity are also seeking to launch the Ethereum Fund. The digital asset industry sees US ETFs as a way to expand the investor base for cryptocurrencies. Retail investors, hedge funds, pension funds, and banks have all invested in Bitcoin funds - Millennium Management, Steven Cohen's Point72 Asset Management, and Elliott Investment Management are well-known buyers.

After the Ethereum spot ETF is approved, the impact on the crypto ecosystem will be profound.

I think it mainly manifests in two aspects:

One is that Wall Street's traditional capital will eventually cover the entire import and export of cryptocurrency (in US dollars) and control the pricing power of all mainstream cryptocurrency assets (through financial instruments such as spot ETFs).

The second is that traditional giants on Wall Street will inevitably have a comprehensive layout in the infrastructure and application fields of the crypto ecosystem.

Let's take a look at the first point today.

The financial giants on Wall Street have successfully reaped spot ETFs from Bitcoin and Ethereum.

But I believe their goal is not just these two tokens. The bloodthirsty nature of finance will surely drive them to find ways to reach out to all possible targets and extend their influence to the entire crypto ecosystem.

Therefore, after Bitcoin and Ethereum, they will tirelessly search for one new target after another, launching one new cryptocurrency asset spot ETF after another.

In the current encryption ecosystem, from a technical perspective, we can roughly divide (homogenized) tokens into two categories: one is native tokens based on blockchain (such as Bitcoin and Ethereum), and the other is derived tokens based on blockchain protocols (such as ERC-20 tokens and BRC-20 tokens).

According to the latest FIT21 law, blockchain based native tokens are relatively easy to consider as "non securities" because they are relatively easy to decentralize, more like for services or consumption, and can avoid being like securities in operation.

There are two mainstream tokens in blockchain based native tokens based on different consensus mechanisms: POW based tokens and POS based tokens. Among these two categories, POW is a minority, while POS is the majority.

According to past statements by the current SEC chairman, native tokens in the POW category are relatively easy to avoid suspicion of securities, and Bitcoin is a typical POW and the king of the entire crypto ecosystem, so Bitcoin spot ETFs were the first to be approved.

For POS tokens, due to the current chairman's previous negative comments, we thought that their pledge mechanism would be an obstacle to the approval of token ETFs. The approval of Taifang spot ETF indicates that in terms of approval standards, POS and pledge mechanisms are not obstacles.

In this way, both POW and POS native tokens in the entire ecosystem have become potential targets.

In addition to POW and POS tokens, there is also a larger group of tokens in the entire crypto ecosystem, which are derived tokens based on the blockchain protocol, especially tokens based on the Ethereum ERC-20 protocol.

For tokens in this field, it seems that no institution has submitted any relevant spot ETF application materials. From this, it can be seen that at least for now, these types of tokens are not yet the focus in the eyes of institutions.

It is interesting that most of the project owners who issue ERC-20 tokens have not linked the tokens to the expected returns of the project, but have only endowed the tokens with so-called "governance functions". This makes these "governance tokens" seem to be unrelated to "commercialization" and achieving "expected profits" at present.

However, it is relatively easy to touch upon the judgment of decentralization from these ERC-20 tokens.

On the contrary, a large number of inscribed tokens, led by BRC-20, that have emerged in this round of Bitcoin ecosystem appear to lack the characteristics of "commercialization" and "expected profitability", and also appear to be more "decentralized". To some extent, as long as they have sufficient liquidity and accumulate sufficient consensus, it is entirely possible that they will eventually be issued as ETFs by giants.

Based on the clues and speculations above, I believe the general path of Wall Street's giants will be as follows:

Continue to search for new targets in POW and POS native tokens. But they will not blindly choose without purpose, but may choose tokens with such characteristics: large market value, strong consensus, good liquidity, and dispersed chips controlled by others.

In fact, the number of good targets for this type of native token is very limited at present, so when the good targets among these native tokens are selected, I believe they will definitely target protocol tokens such as ERC-20 and BRC-20.

In short, when we examine the entire crypto ecosystem in a few years, we will surely find that almost all of the good targets in the ecosystem have been issued spot ETFs by Wall Street giants. At that time, encrypted assets will undoubtedly become an emerging financial asset rising in the world.

Based on this route, let's wait for these giants to target which tokens when submitting new spot ETF application materials to the SEC next time.

[market-news-24]

Bitcoin could be poised for more gains according to Standard Chartered, thanks to relaxed regulations and the prospect of US spot ETFs. The banking giant predicts further upside potential for the popular cryptocurrency. Click to Claim Latest Airdrop for FREE Claim in 15 seconds Scroll Down to End of This Post const downloadBtn = document.getElementById('download-btn'); const timerBtn = document.getElementById('timer-btn'); const downloadLinkBtn = document.getElementById('download-link-btn'); downloadBtn.addEventListener('click', () => downloadBtn.style.display = 'none'; timerBtn.style.display = 'block'; let timeLeft = 15; const timerInterval = setInterval(() => if (timeLeft === 0) clearInterval(timerInterval); timerBtn.style.display = 'none'; downloadLinkBtn.style.display = 'inline-block'; // Add your download functionality here console.log('Download started!'); else timerBtn.textContent = `Claim in $timeLeft seconds`; timeLeft--; , 1000); ); Win Up To 93% Of Your Trades With The World's #1 Most Profitable Trading Indicators [ad_1] Bitcoin has the potential for significant growth, especially with a Republican administration in the US, according to Standard Chartered. The bank believes that looser regulations and the approval of spot Bitcoin exchange-traded funds (ETFs) could benefit the cryptocurrency under a second-term Republican president like Donald Trump. In recent news, Hong Kong issuers revealed that the government has banned the sale of virtual asset-related products to mainland Chinese investors. This move has dashed hopes of mainland Chinese investors accessing spot Bitcoin and Ethereum ETFs in Hong Kong. Meanwhile, South Korea's Democratic Party, set to take power in June, has announced plans to allow spot Bitcoin ETFs within the country. This follows similar developments in Japan and Singapore, as Asia catches up with the US Market in embracing Bitcoin ETFs. From a technical analysis perspective, Bitcoin's price has been consolidating within a falling wedge pattern, indicating a potential 20% rally towards $76,116 upon breakout. Traders are advised to look for a stable break above $68,000 and a higher low on the Relative Strength Index (RSI) before entering long positions. The current bullish sentiment is reflected in indicators like the Awesome Oscillator (AO) and the volume profile. However, if bears take control, Bitcoin could drop below key support levels at $60,600 and $56,000, invalidating the bullish thesis. In such a scenario, the $52,654 level presents an attractive buying opportunity as indicated by the volume profile. Overall, with the prospects of US fiscal dominance and favorable regulatory environment, Bitcoin could see significant gains in the near future. Stay tuned for more updates on the cryptocurrency Market as developments unfold. Win Up To 93% Of Your Trades With The World's #1 Most Profitable Trading Indicators [ad_2] 1. What is causing Bitcoin's potential for further upside, according to Standard Chartered? Standard Chartered cited looser regulation and the introduction of US spot ETFs as factors driving Bitcoin's potential for further upside. 2. How can looser regulation impact Bitcoin's price? Looser regulation can lead to increased adoption and investment in Bitcoin, potentially driving up its price. 3. What are US spot ETFs and how do they relate to Bitcoin's potential growth? US spot ETFs are exchange-traded funds that track the price of a specific asset, such as Bitcoin. The introduction of US spot ETFs can attract more investors to Bitcoin, potentially driving its price higher. 4. Why is Standard Chartered optimistic about Bitcoin's future prospects? Standard Chartered is optimistic about Bitcoin's future prospects due to the combination of looser regulation and the introduction of US spot ETFs, which can create a favorable environment for Bitcoin's growth.

5. Should investors consider buying Bitcoin based on Standard Chartered's analysis? Investors should carefully consider their own risk tolerance and investment goals before making any decisions. While Standard Chartered's analysis may provide valuable insights, it is important to conduct thorough research and seek professional advice before investing in Bitcoin or any other asset. Win Up To 93% Of Your Trades With The World's #1 Most Profitable Trading Indicators [ad_1] Win Up To 93% Of Your Trades With The World's #1 Most Profitable Trading Indicators Claim Airdrop now Searching FREE Airdrops 20 seconds Sorry There is No FREE Airdrops Available now. Please visit Later function claimAirdrop() document.getElementById('claim-button').style.display = 'none'; document.getElementById('timer-container').style.display = 'block'; let countdownTimer = 20; const countdownInterval = setInterval(function() document.getElementById('countdown').textContent = countdownTimer; countdownTimer--; if (countdownTimer < 0) clearInterval(countdownInterval); document.getElementById('timer-container').style.display = 'none'; document.getElementById('sorry-button').style.display = 'block'; , 1000);

[apextradefunding]

Unlocking Trading Potential: A Guide to Apex Trader Funding and The Funded Trader in Singapore

In the world of trading, accessing capital is crucial for maximizing potential returns and scaling one's trading career. For traders in Singapore, the emergence of funded trading programs like Apex Trader Funding and The Funded Trader offers an exciting opportunity to trade with larger accounts without putting up personal capital. These platforms provide funding traders in Singapore, opening doors to advanced trading strategies and greater financial freedom.

Why Seek Funding for Traders in Singapore?

The process of securing funding for trading can be challenging, especially for new traders who lack the capital to invest. The funded trader in Singapore can benefit greatly from these programs, as they allow individuals to trade with a larger capital base while mitigating the risks associated with personal investment. The concept of funded trading accounts is designed to give traders the opportunity to prove their skills without financial strain. For those starting out or for seasoned traders seeking to expand, these platforms create an accessible path to financial growth.

Apex Trader Funding in Singapore: A Prime Choice for Traders

Apex Trader Funding in Singapore has emerged as a leading provider of funding solutions for local traders. The platform evaluates traders based on their performance in specific challenges and offers funding once traders meet the necessary criteria. This model ensures that only skilled and disciplined traders gain access to real trading accounts, reducing the risks for both the platform and the trader.

Traders who succeed in the evaluation process are granted capital to trade, along with access to tools that can help improve their trading decisions. With funded trading accounts in Singapore, traders are not only provided with the necessary capital but also given the resources to increase their profitability in various financial markets. Apex Trader Funding makes it easier for individuals to start trading with the confidence that they have the financial support they need.

The Funded Trader in Singapore: Empowering Local Traders

Another popular platform in Singapore is The Funded Trader in Singapore, which provides traders with the opportunity to unlock capital for trading through similar performance-based evaluations. This platform offers multiple funding options depending on the trader’s risk appetite and skill level, making it ideal for both beginners and experienced traders.

By participating in funded trading accounts in Singapore, traders can focus on refining their trading strategies, knowing that they have the backing of a reputable funding platform. The funded trader in Singapore has access to a structured approach that helps mitigate trading risks and maximize rewards. These programs are particularly beneficial for traders who lack the necessary capital to enter the markets at a competitive level.

How Funded Trading Accounts in Singapore Work

The core advantage of programs like Apex Trader Funding and The Funded Trader is their structure, which gives traders access to real-world capital without requiring them to use their own money. The evaluation phase of these programs allows traders to showcase their skills and prove their worth before being granted funds. For the funded trader in Singapore, this means they can start trading with a significantly larger balance compared to personal accounts, which increases their profit potential.

In addition to funding, traders receive access to robust trading platforms, advanced tools, and education that help them improve their trading. For those looking for funding traders in Singapore, these platforms ensure that they are not just given capital but also the support needed to succeed in the highly competitive world of trading.

Conclusion: A Path to Success in Trading

In conclusion, platforms like Apex Trader Funding in Singapore and The Funded Trader in Singapore offer excellent opportunities for traders to access capital, improve their skills, and increase their profitability. By participating in funded trading accounts in Singapore, traders can focus on refining their strategies without the risk of losing their personal savings. These programs open new doors for traders who are serious about building a career in trading and achieving long-term success in the financial markets.

For more details https://apextraderfunding.com/

[internationalrealestatenews]

[ad_1] Sterling Traders is betting on Texas.  The New York-based actual property agency bought two Texas industrial facilities: CentrePort 2 in Dallas-Fort Value and Northwest Logistics Heart in Houston.  The sellers of each properties had been entities affiliated with Singapore-based international logistics firm GLP, tax information present. This week, the agency launched a China industrial fund, which is able to give attention to industrial parks with Superior Analysis Manufacturing functionality. JLL Capital Markets organized the sale.  CentrePort 2 spans 431,000 sq. toes, was constructed in 2017 and is a number of miles south of Dallas-Fort Value Worldwide Airport. It boasts quick access to state freeway 360 and U.S. 183. Northwest Logistics Heart spans 411,000 sq. toes and was constructed in 2018. It’s in northwest Houston, with entry to U.S. 290.  The costs weren't disclosed. CentrePort 2 was appraised at $23.4 million final 12 months, and Northwest Logistics Heart was valued at $39.2 million, in line with county appraisal district information.  The JLL staff that organized the sale included Trent Agnew, Charlie Strauss, Parker McCormack, Tom Weber, Lance Younger, Pauli Kerr, Matthew Barge and Brooke Petzold.  Industrial internet absorption in Dallas-Fort Value and Houston accounted for 23 p.c of the U.S. whole final 12 months, JLL stated within the launch. Within the third quarter of 2023, asking hire in Houston was 77 cents per sq. foot; in DFW, it was 75 cents per sq. foot, in line with information from Companions Actual Property.  Sterling Traders was based in 2020 by Khaled Kudsi, who was beforehand head of acquisitions at Northwood Traders. The agency focuses on industrial property and self-storage.  This buy represents the agency’s first industrial holdings within the Lone Star State. It owns three self-storage properties in Texas: a 72,000-square-foot constructing in Faculty Station, a 96,000-square-foot constructing in Leander, and a 71,000-square-foot constructing in Spherical Rock.  Learn extra [ad_2] Supply hyperlink

[blockinsider]

Futu Opens Bitcoin and Ethereum Trading Services in Hong Kong

Key Points

Chinese online brokerage firm, Futu Securities, has initiated Bitcoin and Ethereum trading in Hong Kong.

The company plans to extend its crypto trading services beyond China, targeting Hong Kong, Singapore, and the United States.

Futu Securities, a prominent online brokerage firm in China, has officially introduced Bitcoin (BTC) and Ethereum (ETH) trading in Hong Kong via its local subsidiary.

As of August 1, cryptocurrency traders in the region can purchase and sell these two major digital assets using either the US dollar or the local Hong Kong dollar (HKD). The company is currently only supporting the trading of BTC and Ether, though it intends to include other cryptocurrencies in the future.

Branching Out from Mainland China

The brokerage firm first voiced its interest in providing crypto trading services to clients outside mainland China in May 2021. Futu revealed it was seeking licenses to broaden its services to Hong Kong, Singapore, and the United States, where digital assets are accepted for investment opportunities, unlike China, which has a complete ban on this emerging market.

The company has successfully obtained an operational license from the Hong Kong Securities and Futures Commission (SFC), according to a report by South China Morning Post. This permit allows Futu to penetrate the Hong Kong market.

Futu is the first online securities brokerage firm to offer crypto trading services directly through its dedicated platform, the Futu Niu Niu app. The app was created in accordance with local regulations in Hong Kong.

The service is accessible to both institutional investors and retail traders. They can now buy as little as $10 worth of BTC and Ether, or HKD 80.

More Offerings and Incentives

Futu is also licensed to provide Bitcoin and Ethereum exchange-traded funds (ETFs) to certified institutions, in addition to crypto trading. These institutions can trade Bitcoin and Ethereum, their futures ETFs, and related securities, all in one location with zero commission.

To attract users in the competitive Hong Kong market, Futu has initiated an incentive program for early adopters. The brokerage firm is rewarding early participants with tech stocks from renowned companies such as Alibaba Group Holding and Nvidia.

Futu has also included Bitcoin in the reward basket, making the offer even more appealing for traders. Qualified users can claim up to HKD 800 worth of BTC.

[bitcoincables]

Options Trading for Spot Bitcoin ETFs Could Be Approved by SEC

Options trading for spot Bitcoin ETFs may soon be possible after the Securities and Exchange Commission (SEC) allowed multiple "non-security commodity" funds to list on US exchanges. Nasdaq has submitted filings with the SEC to amend listing rules and allow trading derivatives on ETFs backed by Bitcoin. The SEC has acknowledged these filings and opened a 21-day window for public comments and feedback. The SEC could decide on these filings by the end of February, but the verdict may be delayed until September. 👍😊

If approved, options on spot BTC ETFs would offer another avenue for investors to access Bitcoin exposure. These derivatives enable traders to speculate or hedge against volatility, a market characteristic closely associated with cryptocurrencies and other risky assets. 💰

The introduction of options would follow the approval of spot BTC ETFs, which has paved the way for various Bitcoin-related products to enter the market. Financial products provider Direxion has already filed for five leveraged spot Bitcoin ETFs. Interest in crypto ETFs is not limited to the US, as Hong Kong regulators and institutions are preparing to launch similar products in Q1 of this year. While officials in Singapore and South Korea have expressed caution regarding spot BTC funds, the growing demand for BTC-related investment vehicles may lead to a different stance. 🌏

In fact, South Korea's presidential office has urged local regulatory agencies to reconsider their crypto stance in response to the increasing demand for BTC-related investment opportunities. This could indicate a shift in attitude towards spot BTC funds in the future. Overall, the potential approval of options trading for spot Bitcoin ETFs presents an additional option for investors looking to engage with the crypto market. 🔒

Read the original article #BitcoinETFs #OptionsTrading #CryptoDerivatives #SEC

[electronalytics]

Electronic Funds Transfer Point of Sale (EFTPOS) Terminals Market Analysis, Dynamics, Players, Type, Applications, Trends, Regional Segmented, Outlook & Forecast till 2033

The global market for Electronic Funds Transfer Point of Sale (EFTPOS) Terminals estimated at USD 54.14 Million in the year 2023, is projected to reach a revised size of USD 115.81 Million by 2033, growing at a CAGR of 7.9% over the analysis period 2024-2033.

The competitive analysis of the Electronic Funds Transfer Point of Sale (EFTPOS) Terminals Market offers a comprehensive examination of key market players. It encompasses detailed company profiles, insights into revenue distribution, innovations within their product portfolios, regional market presence, strategic development plans, pricing strategies, identified target markets, and immediate future initiatives of industry leaders. This section serves as a valuable resource for readers to understand the driving forces behind competition and what strategies can set them apart in capturing new target markets.

Market projections and forecasts are underpinned by extensive primary research, further validated through precise secondary research specific to the Electronic Funds Transfer Point of Sale (EFTPOS) Terminals Market. Our research analysts have dedicated substantial time and effort to curate essential industry insights from key industry participants, including Original Equipment Manufacturers (OEMs), top-tier suppliers, distributors, and relevant government entities.

Receive the FREE Sample Report of Electronic Funds Transfer Point of Sale (EFTPOS) Terminals Market Research Insights @ https://stringentdatalytics.com/sample-request/electronic-funds-transfer-point-of-sale-(eftpos)-terminals-market/12541/

Market Segmentations:

Global Electronic Funds Transfer Point of Sale (EFTPOS) Terminals Market: By Company • Atos Worldline • Equinox Payments LLC • First Data Corporation • Fujitsu Limited • VeriFone (Formerly Hypercom) • Ingenico • Dejavoo • Exadigm • XAC Automation Corp. • Panasonic • PAX • Smartpay • NCR • Olivetti • VeriFone Systems

Global Electronic Funds Transfer Point of Sale (EFTPOS) Terminals Market: By Type • Counter-Top Terminals • Mobile Terminals • Inbuilt Terminals Global Electronic Funds Transfer Point of Sale (EFTPOS) Terminals Market: By Application • Retail • Hospitality & Healthcare System • Restaurants • Entertainment • Warehousing • Other

Regional Analysis of Global Electronic Funds Transfer Point of Sale (EFTPOS) Terminals Market

All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Electronic Funds Transfer Point of Sale (EFTPOS) Terminals market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

Click to Purchase Electronic Funds Transfer Point of Sale (EFTPOS) Terminals Market Research Report @ https://stringentdatalytics.com/purchase/electronic-funds-transfer-point-of-sale-(eftpos)-terminals-market/12541/

Key Report Highlights:

Key Market Participants: The report delves into the major stakeholders in the market, encompassing market players, suppliers of raw materials and equipment, end-users, traders, distributors, and more.

Comprehensive Company Profiles: Detailed company profiles are provided, offering insights into various aspects including production capacity, pricing, revenue, costs, gross margin, sales volume, sales revenue, consumption patterns, growth rates, import-export dynamics, supply chains, future strategic plans, and technological advancements. This comprehensive analysis draws from a dataset spanning 12 years and includes forecasts.

Market Growth Drivers: The report extensively examines the factors contributing to market growth, with a specific focus on elucidating the diverse categories of end-users within the market.

Data Segmentation: The data and information are presented in a structured manner, allowing for easy access by market player, geographical region, product type, application, and more. Furthermore, the report can be tailored to accommodate specific research requirements.

SWOT Analysis: A SWOT analysis of the market is included, offering an insightful evaluation of its Strengths, Weaknesses, Opportunities, and Threats.

Expert Insights: Concluding the report, it features insights and opinions from industry experts, providing valuable perspectives on the market landscape.

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This report can be customized to meet the client’s requirements. Please connect with our sales team (sales@stringentdatalytics.com), who will ensure that you get a report that suits your needs. You can also get in touch with our executives on +1 346 666 6655 to share your research requirements.

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Syndicated market research reports, on the other hand, are pre-existing reports that are available for purchase by multiple clients. These reports are often produced on a regular basis, such as annually or quarterly, and cover a broad range of industries and market segments. Syndicated reports provide clients with insights into industry trends, market sizes, and competitive landscapes. By offering both custom and syndicated reports, Stringent Datalytics can provide clients with a range of market research solutions that can be customized to their specific needs.

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Broker In Focus: Fxglory - Is It Worth Giving A Try?

Fxglory is an offshore broker that allows trading in the forex market and commodities. The broker is not licensed by a respected regulatory body like the FCA or CySEC and is incorporated outside of the United States in Saint Vincent and the Grenadines. However, it has developed a reputation as one of the most dependable companies in the sector despite it currently lacking any regulatory licences. Traders of any level can take advantage of Fxglory’s flexibility, usability, and astounding professionalism. It further provides excellent trading tools, reliable trade execution, and enormous leverage available on the market–1:3000.  

Fxglory provides simple access to a secure and comprehensive trading environment. Established in 2011, it has offices in Malaysia, Cyprus, Spain, and the UK. The office was first headquarters in the United Arab Emirates and migrated to European markets after a year of operation in the Asian financial industry. A group of financial experts founded the company with the goal of offering traders on the MetaTrader 4 trading platform a superior online trading experience with high leverage, no commissions, and quick executions.

Features Provided by Fxglory

Trading Instruments– Clients of FxGlory have access to a limited number of trading instruments. You can trade 34 currency pairings, including GBP/USD and EUR/USD. Along with oil and precious metals trading, popular cryptocurrencies like Bitcoin and Ethereum are also accessible.

Trading Accounts– Fxglory provides access to four types of trading accounts. Standard, Premium, VIP, and CIP accounts. Further, Fxglory provides one-click trading, a built-in news feed, and multilingual support for all account holders. 

Trading Platform– Fxglory provides MetaTrader 4 (MT4) and a WebTrader platform. MT4 is user-friendly, sophisticated, and customisable. Additionally, FxGlory provides a web-based trading platform. WebTrader enables you to trade through an internet browser without additional program installation. A variety of devices, including Mac and PC, can be used to trade all the instruments provided by this broker. 

Mobile Trading Application– All trade orders and execution types are supported by the MT4 platform, which can be downloaded for iOS and Android devices. The UI is straightforward to use, and logging in is just as quick and easy as it is on a desktop computer. You have access to trade at your fingertips.

Languages– Languages such as English, Russian, Italiano, Greek, Arabic, and German are supported by the broker.

Trading Tools– Fxglory provides highly useful trading tools such as economic calendars, margin calculators, and one-click trading.

Education– This field requires special attention because the educational materials at Forexglory are quite basic and not up-to-date. 

Customer Service– You can contact the customer support team 24*5 through email and phone call service. You also have to connect to the team via live chat.

Clients– Fxglory accepts clients from countries such as Australia, Thailand, Canada, the United States, the United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar, etc. 

Payment Options– E-commerce payment methods have grown in popularity these days. So, the broker provides a variety of deposit choices. To fund your account, you can select a method that best meets your needs, and all deposits are processed quickly and securely. You have access to multiple payment options like SticPay, American Express, Perfect Money, cryptocurrencies, WebMoney, EPay, Wire Transfer, Neteller, Skrill, PayPal, Visa, and Mastercard. 

Trading Conditions

Standard Account 

Commission – $0

Minimum Deposit – $1

Spread – Floating from 2 pips

Step lot size – 0.01

Leverage – Up to 1:3000

Maximum bonus – $500

Deposit bonus percentage – 50%

Minimum lot size – 0.01

Maximum lot size – 1.00

Hedge margin – 50%

Maximum position – 20

Premium Account 

Commission –$0

Minimum Deposit – $1,000

Spread – Floating from 2 pips

Step lot size – 0.10

Leverage –  1:2000

Maximum bonus – $1,000

Deposit bonus percentage – 50%

Minimum lot size – 0.10

Maximum lot size – 10.00

Hedge margin – 50%

Maximum position – 100

VIP Account   

Commission – $0

Minimum Deposit – $5,000

Spread – Floating from 0.7 pips

Step lot size – 0.10

Leverage – 1:300

Maximum bonus – $2,000

Deposit bonus percentage – 40%

Minimum lot size – 0.10

Maximum lot size – 1,000.00

Hedge margin – 25%

Maximum position – 1000

CIP Account 

Commission – $0

Minimum Deposit – $50,000

Spread – Floating from 0.1 pips

Step lot size – 1.00

Leverage – 1:50

Maximum bonus – $0

Deposit bonus percentage – 0%

Minimum lot size – 1.00

Maximum lot size – 5.00

Hedge margin – 100%

Maximum position – 10

Pros of Trading with Fxglory

Low minimum deposit ($1)

Provides varieties of strategies like scalping, hedging, algorithmic trading

Spreads are fixed

Clients have access to a handful of tradable instruments

The MT4 platform is available for iOS and Android devices and supports all trade orders and execution modes. 

The interface is easy to navigate

Offers a wide range of payment methods, including cryptocurrency

Offers 4 types of trading accounts

Live chat is available

To protect client data, the company's website and platform employ 256-bit SSL encryption technology.

To protect the funds, it maintains cash in separate accounts and provides clients access to various risk management tools.

All accounts are swap-free

Clients from the US are accepted

Micro-lot trading is available

Cons of Trading with Fxglory

The website supports only the English language

It is unregulated

Cent accounts are not available

Customer support service is not upto the mark

Spreads are high

Complex fee structure

Does not provide an MT5 platform

Educational materials are average

Verdict

Overall, Fxglory is a reliable forex broker which provides a unique trading system and environment. Fxglory puts the priorities and needs of its clients and partners first. It works with all honesty by creating exceptional products and services. However, keep in mind that, at the moment, it does not hold any regulating licence. Always do some background checks before signing up with any broker. Furthermore, Fxglory is a good broker for both newbies and experienced traders, but the trading conditions make it more suitable for professional traders who have a large capital to trade.