Company News by ForexMart

[Andrea ForexMart]

Deposit Insurance


We want nothing but the best for all our clients – and that includes prioritizing your funds and interests.


ForexMart is a member of the Investor Compensation Fund, a fund conceived by the Section 17 of the Investment Services and Activities and Regulated Markets Law of 2007, which states every Cypriot investment firm must be part of the Fund. Its main objective is to secure claims of the covered clients in the event the company in question fails to perform its obligations, specifically:

• Return the funds owed or belong to the covered client.
  
• Turn over the financial instruments to the customer entrusted to the member firm.
  

The fund will pay the compensation for the affected client, subject to the existing legal and contractual terms. However, individuals with ongoing criminal proceedings are prohibited from making claims, as per Prevention and Suspension of the Legislation of Proceeds from Criminal Activities Law of 2007.


Compensation payable to the covered client will depend on the prevailing rules and company's books. It is computed by adding all the total established claims of the client against the firm, stemming from all the services rendered by the entity. As of present, the amount paid to the covered clients is €20,000.

 

[Andrea ForexMart]

Chinese Economy to Surpass the US in 2032


It is expected that China will outperform the American economy in the year 2032 based on a new report. Moreover, a report from the Centre for Economics and Business Research in London noted by Bloomberg News further shows that next year India is predicted to get ahead to the United Kingdom and France and gain the fifth rank as the largest economy in dollar terms. In this regard, India is projected to be in the third place as the biggest economy in the world by 2027.


According to report, the four biggest economy by 2032 consists of China, India, Japan and the United States. In addition to it, Indonesia and South Korea will take the tenth place.

While President Donald Trump often brags about the American economy, as the president tweeted last week regarding the achievements of his administration over the previous year which includes the "Record Economy/Stock Market." Trump further mentioned that earlier in December, the tax reduction in the GOP tax bill signed last week will boost investment in the US economy and its laborers.

 

[Andrea ForexMart]

Bank of Spain Seen Growth in Spanish Economy


According to the central bank of Spain, robust export could possibly help increase the country’s economy by 0.8 percent quarterly rate over the past three months of 2017 amid the unfavorable consequences brought by the Catalan political crisis.


The Spanish economy is expected to grow by 3.1 percent this year, however, the government has to revise the outlook for 2018 by 2.3 percent versus the initial estimate of 2.6 percent due to risks generated from the already separated regional government of Catalan that urge of its

independence last October.


On Wednesday, the central bank further mentioned that buoyant exports generally created for the economic fallout in wealthy Catalonia. The projections and official data are scheduled to be released next month by the National Statistics Institute.


Currently, Spain is one of the fastest-growing economies of the European Union after emerging from the collapse in late 2013.

 

[Andrea ForexMart]

The current Money Fall contest has already started on January 1, 2018 and will end on January 5, 2018.


You can register for the next competition which will take place from January 8, 2018 to January 12, 2018


Note:

Registration for the next competition finishes 1 hour before the contest starts.


Congratulations to all the winners!

 

[Andrea ForexMart]

Strong German Economy in 2018


According to a report from the Commerzbank, the German economy is predicted to increase by 2.5 percent this 2018 upon gaining strong growth of 2.3 percent in 2018. The main economic driver is the private consumption due to the expansion of employment and suitable wage increase. Moreover, the improving machinery and equipment investments are projected to support the success of Germany.


The international economy rose in favor of financial conditions and growing capacity bottlenecks which indicates that there are more companies who invested again. The momentum is driven by construction investments and sustained by high demand for real estate.


The economy of Germany further grew in the past decade compared with other European countries. However, the optimism might end in the longer-term due to the instability of the country’s strong price competitiveness which is one of their pillars towards prosperity.


On the other hand, the biggest economy in the EU slid to 16th rank out of 28 countries as the most attractive business location around the world. This is because of the recent reform implemented by eastern European nations.

 

[Andrea ForexMart]

ForexMart - Callback Service


We are more than ecstatic to attend to all your inquiries and needs. Upholding our firm commitment to be your reliable trading partner, ForexMart wants to help you in every step of your trading journey.


If you are having any trouble calling our customer service, you may get in touch with us using our callback service. The feature is primarily designed to address all client queries as fast as possible. With this service, you can request to get in touch with one of our managers at your most convenient time. Ask and we shall call you back.


All you need to do is to provide your contact details and indicate your preferred callback time by filling up the form. Our Sales Department will respond to all your concerns within 24 hours. For other questions, please do not hesitate to contact us.


The service is free of charge and can be used by all our clients. Here's to wishing you a successful trading!

 

[Andrea ForexMart]

Macron Signed Trade Deals with China


French President Emmanuel Macron had an official visit to China for the first, securing multi-million worth of euro business agreement and Chinese President Xi Jinping acknowledged future relations between France and China.


France was the first western country to seal diplomatic relations with the People’s Republic of China in 1964 and the visit made by Macron indicates high regard between the relationship of China and France. The French leader walked through the Forbidden City along with his wife Brigitte and some students from the French international school.


The talks of the two leaders were all about the “Belt and Road” initiative aimed to improve trade links with China towards central Asia, Europe, and southeast Asia. They also tackled about environmental issues during the visit and Macron stated in Chinese language to “Make our planet great again” in Chinese, as regards to the decision of Donald Trump to pull out the United States from the Paris agreement on climate change. Aside from advancing trade links, Macron tries to reduce the trade deficit of France with China worth €30 billion (35.8 billion USD) and to have a better access towards the Chinese market.


During the signing ceremony, both Presidents signed 50 trade deals which include the strategically key sectors of nuclear energy and aerospace. On the other hand, the aeroplane business Airbus is scheduled to seal a multibillion-euro contract with China and Chinese e-commerce company JD.com disclosed their plans of selling French products to Chinese consumers amounted to €2 billion for the next couple of years.

 

[Andrea ForexMart]

British Economy Expanded in Q4, says Thinktank


Based on the Thinktank's forecast, the longest period of increasing factory output in Britain over 23 years has led the British economy to reach its fastest pace of growth rate recorded in late 2016. The National Institute of Economic and Social Research (NIESR) outlines the GDP expansion for 0.6 percent in the fourth quarter of 2017, showing higher figures compared with the 0.4 percent in the previous quarter and further exceeded the latest City projections.


Amit Kara, Head of UK macroeconomics research at NIESR, stated that the activity showed an improvement during the second half of 2017, after a sluggish start in 2018 in which the GDP grew by 0.3 percent in Q1 and Q2.


The Thinktank expects that the strong economic performance of the country accompanied by high inflation rate will prompt the Bank of England to implement interest rate hike by 0.25 points to 0.75% in May. Followed by further growth every six months until 2021, as official borrowing costs gained 2 percent.


The Office for National Statistics (ONS) issued a data that indicates the rise in output of UK factories for eighth straight months in November, this achievement was reported in May 1994, driven by the broad upswing of manufacturers in the world economy. The manufacturing output came in 1.4 percent higher in three months until the end of November versus the recent quarter.


As the factory output increased, the overall industrial production also picked up by 0.4 percent which includes products from energy plants, mines, quarries and oil and gas sector. The sudden spell of cold weather in November supported energy production on the back of the warmer climate in October.


The manufacturers of machinery and equipment fabrication contributed major growth, as projects under renewable energy recovered coupled with other costly works. The optimistic prospects for the industrial production provided 14 percent of the GDP result, which helped negate the stumbling growth in consumer expenditure due to rising cost of imported goods since the Brexit referendum and further depreciated the British pound.


On the other hand, the construction industry remains to have a difficult time for more than five years, showing a 2 percent reduction in three months to November and marked the sixth consecutive period of contraction. However, there was still a slight improvement in November by 0.4 percent amid the decline in the past quarter.


The robust global economy supports the United Kingdom in exporting additional products and services towards different parts of the world. The ONS reported that the UK still have higher imports than exports since in the past but the deficit was reduced by £2.1bn ($2.8bn) in the three months to November. Moreover, economists suggest that growth in Q4 last year would be lower than the predictions of NIESR because of complication in Forties oil pipeline in December.

 

[Andrea ForexMart]

UK Inflation Rate Fell to 3% in December


The inflation rate of Britain edged lower for the first time in six months in December, which was driven by the price of airfares and games and toys. The rate went down to 3 percent versus 3.1 percent in November, this is the fastest decline over five years. While the core measure of consumer price growth also decreased to 2.5 percent five-month low.


The British pound lost its strength on the back of the data publication and currently trades at $1.3772 as of 10:37, lower by 0.2 percent on the day. The numbers can be regarded to be the inflection point for the inflation due to impact from Sterling depreciation after the dwindling of 2016 Brexit referendum. The Bank of England along with the economists showed some projections for the possible downturn in 2018 and others predicted that the economy will be at the 2.4 percent level at the end of this year.


The drop recorded in December was mainly influenced by the technical adjustments of airfares within the inflation basket. However, the Office for National Statistics remains uncertain whether this move signaled for the beginning of a longer-term reduction in the rate. On the same month, services inflation plunged to 2.5 percent, which is the lowest in nine months.


The slackening inflation had a positive effect on households, especially those with low incomes as prices continued to rise. Economists polled by Bloomberg foresee some growth improvement in the currently weak household consumption by 2019. But, it will continue to sit below its recent average in both years. While predictions for headline inflations seems cool, but the Bank of England policymakers focused more on the changes in domestic price pressures caused by low unemployment and contraction of supplies. In November 2017, the BoE approved for an interest rate hike for the first time after 10 years and spoken about the further rate hike in the subsequent years.


According to experts, the upward pressure on inflation partially comes from the sluggish productivity growth which hit the British economy since the Great Recession. On the other hand, policymaker Silvana Tenreyro had a positive outlook during her speech on Monday. Tenreyro stated that the economy will grow in the medium term which could reverse the forecast for interest rates.

 

[Andrea ForexMart]

Launching of Czech Version of ForexMart (January 18, 2018)


ForexMart team have upgraded the website by adding a Czech version using the country’s native language. We are glad to introduce the newest Czech translation on (Date), which could help Czech and Slovakian citizens to easily interpret and find important information about the company’s special offers, partnerships and pool of trading instruments.


Clients could simply select the Czech language (or any other required language) by clicking the Czech flag on the language selector found in the upper right of the site.

 

[Andrea ForexMart]

ForexMart App is Now Available on Mobile


You can now use the ForexMart application on mobile.


We are launching ForexMart application on 11 january. It can be downloaded from both App store for Apple and Play Store for Android users. This allows users to trade anytime and anywhere at their own convenience by just connecting to an Internet service provider.


More and more consumers are shifting toward mobile platforms with continuous improvement in technology. Forex trading apps simplifies trading and allows accessibility through mobile phone that makes it more convenient. There is still wide range of options in placing orders from mobile devices such as iPhone or Android.


ForexMart app offers different features. Traders can access multiple charts that give real-time quotes as well as relevant economic news and latest forex analysis. Exchange rates over 100 different currencies are also available with buy and sell options. The application is especially designed for forex trading that is easy to navigate and works glitch-free for more efficient trading.


Forex traders will find this app very useful and handy. Check out this new app from your App Store or Play Store!

 

[Andrea ForexMart]

New Account Currencies Available


Good news to all traders! There are new currencies that can now be used as base currencies. These are Malaysian Ringgit (MYR), Indonesian Rupiah (IDR), Thai Baht (THB) and Chinese Yuan (CNY).


You can also use these currencies to deposit/withdraw funds to your account and participate in trading. To make it more convenient for ForexMart’s clients, it can be paid directly without the need for conversion. You can visit our registration page to open an account with these new currencies.

 

[Andrea ForexMart]

The current contest has already started on February 5, 2018 and will end on February 9, 2018.


You can register for the next competition which will take place from February 12, 2018 to February 16, 2018


Note:

Registration for the next competition finishes 1 hour before the contest starts.

 

[Andrea ForexMart]

More Pressure Besets Chinese Local Government with New Bond Rules


Local governments of Beijing were pressured to settle their financial problems while a new rule on are issued on lending companies.


Chinese firms have to confirm publicly that funds gained in selling bonds should not add to local government debt and they are not siding on any government financing sector based on the given notice from the country’s top planning agency.


Moreover, corporations should not demand or accept any assurance from local governments on debt financing, as stated by the National Development and Reform Commission (NDRC).


Regulators are looking for means to have a better control in the midst of a wider systemic risk on the high local government debt and their transparent financing.


Authorities are trying to separate financial actions as part of their restriction, which is often related to stand-alone companies in a technical perspective. In particular, credit rating agencies should not associate the financial reports and project data in credit ratings work with the local government credit ratings, according to the NDRC.


The Chinese government is trying to instill on investors that actions will be taken if they did wrongfully.


It means that the government is not responsible on increase in debts by these firms but they are still expected to intercept to provide support for these companies, referred as local government financing vehicles (LGFV) in settling compensation concerns.


The local debt of China’s government increased by 7.5 percent to 16.47 trillion yuan or $2.56 trillion at the end of 2017, based on the calculations by Reuters, which is still within the target figure of the government.


Outstanding corporate debt amounted to 165 percent of GDP, which has been the highest among major economies and is mostly owned by the state.

 

[Andrea ForexMart]

France Faces Structural Unemployment Issues


The jobless rate in France had decline generally, but there are no immediate solutions for skill shortages. French unemployment lowered down by double figures during the third quarter last year and resumed to drop until the fourth quarter. According to Bloomberg, the country’s unemployment rate in December 2017 was 8.9 percent while the fastest acceleration in employment creation since 1996. On the other hand, unemployment in 2017 plunge to 1.9 percent which is a major downturn in a decade.


Meanwhile, President Emmanuel Macron promised to lessen the unemployment by 7 percent in the year 2022. Structural unemployment is also one of the largest shortcomings during the Hollande administration in which Macron performed as the Minister of the Economy.


Nevertheless, France is also known for its issue regarding the country’s increasing skills gap. As mentioned by the Financial Times, there are about two million French workers with less qualification which became the underlying factor for structural unemployment. According to estimates, the job market of France was unable to appease the demand of 200,000- to-330,000 posts due to failure finding the appropriate candidate.


Moreover, the current administration plans to have a €15bn investment programme to improve employability skills especially for the below average job seekers and long-term unemployed. In case of the approval of the project, it will take two-to-three years to take effect.

 

[Andrea ForexMart]

ForexMart Launches Web Terminal for Traders


We have launched a trading web terminal which will be available to all ForexMart clients.


This is an online-based trading platform which will enable clients and partners to keep track and supervise their trades at any given period of time without the necessity of downloading the MT4 trading software from the site. The web terminal also has a user-friendly interface which can be customized by partners and clients in accordance to their preferences.


The launching of this web terminal is part of our continuous efforts to further improve our services and to consistently provide a better trading experience for both our clients and partners, as well as to create more opportunities for traders.


The web terminal can be used for both old and new ForexMart trading accounts. For further information or any inquiries regarding this new feature from ForexMart, you can visit www.forexmart.com or you can contact our customer service at [email protected]

 

[Andrea ForexMart]

South Korea’s BOK Prepares for Possible Scenario In Sudden Fed Rate Hikes


The Bank of Korea is ready to face any unfavorable outcome following the policy tightening in the U.S. at a faster rate, according to the chief of South Korea’s central bank, Lee Ju-yeol.

If the Fed acted earlier than expected, it will have an effect on the global financial market, as well as local market. Hence, they prepared beforehand in possible scenarios, as told by Lee Ju-yeol to reporters in Zurich.

He also said that the central anticipated the U.S. Federal Reserve to increase their rate thrice in 2018.

Another factor that will be faced by Korea is the protectionist moves of the U.S. against South Korea, he added.

 

[Andrea ForexMart]

Fall of Taiwan’s Export Orders Growth In January


Export orders of Taiwan are predicted to reach an 18th consecutive month high in January but at a slower pace compared in December. Moreover, the demand for the technology products remains strong for the country, according to the Reuters poll.


The forecast rose to 16.1 percent in January than the previous year, based on the median forecast of 15 analysts in the survey. Contrarily, growth for the month of December was 17.5 percent than 11.6 percent in November.


The export orders of the country signal the demand for Asian exports, including high-technology gadgets, that steers actual exports by two to three months.

 

[Andrea ForexMart]

Fed’s Tighter Policy Risk in Higher Rates


More demand for safe-haven assets and low productivity growth induce the Federal Reserve to keep their rates low, according to the St. Louis Federal Reserve President, James Bullard, on Monday.


If the Federal Reserve will proceed with the rate hikes, a tighter policy would be ideal for the current economy. The goal of the federal funds would be around 1.25 and 1.5 percent and current rates still fall between this range as recommended with following a neutral rate that is kept at bay by various factors moving at a slower pace.


If rates have substantially increased without changes in the data, monetary policies would then become restrictive. There is a worry that the FOMC might go on “too fast”, added by Bullard. There must be support from the data to continue with the rate hike.


The Federal Open Market Committee is anticipated to increase its interest rates in March meeting at least twice a year, in reference to the latest December forecast of policymakers.

Bullard is known to be the most cautious among Fed officials when talking about rate hikes while the U.S. is deemed to have a low growth following a low-inflation policy and the rate should not be too high unlike there are clear indications that the economy has changed.


The term “neutral” was discussed during the National Association of Business Economists conference following the remarks of Bullard denoting that the monetary policy is a way to determine the positivity and negativity of economic activity.


Vague as it may be, the neutral rate is sufficient for the Fed in gauging the policy rates. Authorities see the present policy rates have to continue its accommodative monetary policies while inflation is still under composure.

 

[Andrea ForexMart]

The current Money Fall contest has already started on February 26, 2018 and will end on March 2, 2018.


You can register for the next competition which will take place from March 5, 2018 to March 9, 2018.


Note:

Registration for the next competition finishes 1 hour before the contest starts.