Rubix FX Review – Is Rubix FX Scam or a Legit Crypto Broker?

Rubix FX review

Rubix FX is a brokerage company that was established in 2009. Its headquarters are in Australia. The main purpose of this broker is to provide trading tools with liquidity and transparent conditions. It is strictly regulated by ASIC which is one of the most reliable regulatory authorities with a good reputation. This broker is also licensed, which means it follows laws and is honest in its activities.

Fees

Rubix has its fees in multiple spreads. These can vary depending on the account and platform you use. There is no deposit or withdrawal fee charged by the broker itself, but there is an overnight fee of around -7.3 for shorter positions and 1.7 for positions that are held for longer than a day. Some examples of fees at Rubix are 1.4 for EUR/USD, 11 for gold, and 6.4 for crude oil WTI.

Leverage

Rubix offers floating spreads which is very powerful as it can increase potential profits but also increase losses if it is not set properly depending on the instrument. Being an Australian broker, Rubix can offer high leverage. Clients can use leverages up to 1:200 or even 1:400.

Trading accounts

This broker offers three types of accounts; standard account, raw account, and pro account. The standard account consists of a minimum deposit of $200, a minimum position of 0.01 lots, and a maximum leverage of 1:400. The pro account also has a minimum deposit of $200, minimum position of 0.01 lots, but unlike the standard account, this account has variable spreads from 0 pips.

The raw account is quite similar to the other two when it comes to minimum deposits and positions. However, the minimum deposit here is $1,000. You should keep in mind that these conditions may vary depending on the platform you use.

Trading instruments

This broker offers over 77 instruments including, gold, commodities, CFDs, and Forex. There is guaranteed transparency because there are a lot of participants. This means one single currency doesn’t control the price. There are also several investment proposals offered to corporate clients.

Deposits and withdrawals

There is no deposit fee applied by Rubix. The minimum deposit is different for each account. It is $500 for the standard account. You can deposit funds through wire bank transfers, and Neteller, etc. You can deposit money in many currencies as Rubix is inclusive. The funds are safe as they are kept in segregated accounts for maximum security.

You can withdraw funds through Neteller, wired bank transfers, etc. Originally, there is no fees, but a fee may be charged on bank transfers to an overseas account. This fee is charged directly on the withdrawn amount.

Customer support

Just like any good broker, Rubix has a customer support team that is ready to answer your questions as soon as possible. you will be provided with a space to ask questions as soon as you open the official website. They are available 24 hours a day and 5 days a week.

This team responds promptly and can reply in various languages including English, Chinese, and Japanese. They can also be reached through email or telephone and respond promptly and relevantly.

Education

Rubix already offers an account specifically for beginners i.e., the standard account. This broker is one that values its customers and has updated features to meet the needs of traders that keep evolving side to side with technological changes and advances. Therefore, it also provides social trading to help beginners. Clients can have access to analysis tools and a research center to increase your knowledge and sharpen your skills.

Conclusion

Rubix is a trusted broker that is very strictly regulated by the ASIC to ensure continued quality service. Traders of any level are welcome and the features and created to match the requirements of beginners and professional traders. Even though this broker has been functioning for over a decade now, it has constantly developed its website.

Overall, the tools instruments and accounts are diverse and you are given options to choose from. Even though there is no educational material offered, there is plenty of information you on the site you can use to your advantage.

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NFT Marketplace SuperRare Reduces Its Staff

SuperRare, a marketplace for curated non-fungible tokens (NFTs), has minimized its employees by up to 30%, as stated by John Crain (its CEO) on Friday. This decision shows that the crypto winter is posing an extreme impact on the industry as several sectors of the market have been chilled because of it. Crain has stated in a Twitter post that swift growth was witnessed by the firm when the market of NFTs was booming.

SuperRare Lays off 30% of Employees amid Crypto Winter

That was the time, according to the CEO when the company made extra hiring however it is not in a position right now to compensate them. The executive mentioned that the recent bull market saw the firm growing in line with the market. As noted by Crain, the respective enthusiastic advancement turned out to be unsustainable for SuperRare and compelled them to overhire. The CEO took responsibility for the mistake.

The executive did not provide any details regarding the types of redundancy packages to be given to the ousted employees. However, the CEO disclosed that the company will do everything necessary to assist them to move toward the latest opportunities along with providing support for future endeavors. SuperRare is considered among the prominent brands within the crypto world.

However, the company interestingly witnesses considerably lower trading volume in comparison with the rest of the NFT marketplaces like Magic Eden and OpenSea. The data provided by DappRadar pointed out that, in the previous 30 days, SuperRare administrated a trading volume of $663,000 worth. As compared to this, the 30-day trading volume of OpenSea was $307M while Magic Eden had $80.1M in this regard.

This is because of the model utilized by SuperRare which focuses on the community, the artist, as well as the art along with the NFT artworks of single-edition. On the other hand, Magic Eden and OpenSea are the platforms that use a model containing computer-generated avatars and bear numerous tokens just in one collection.

In addition to this, Crain asserted that despite the decrease caused by the mounting bear market, the company is enthusiastically concentrating on its earliest vision. This deals with providing greater exposure and access to artists in the digital world. The executive added that currently they are going through some headwinds however a remarkable opportunity is still out there for the firm to keep on creating something completely new.

Industry Sees Extensive Staff Cuts Since 2022’s April

Crain noted that minimizing the employees’ headcount assisted the firm to correct its size along with guaranteeing that SuperRare will keep on serving collector and artist communities.

The NFT marketplace has added to the growing list of crypto entities that have lowered their headcounts to keep on operating during the tempestuous conditions in the market. From 2022’s April onward, many worldwide crypto exchanges minimized their employees’ numbers.

In this respect, Coinbase laid off a large number of employees in June. Soon after, OpenSea (an NFT marketplace) cut its staff almost by 20%. Then, crypto brokerage entities, Web3 gaming platforms, payment processing firms, and trading companies cut their respective employees.

In November previous year, up to 11,000 jobs were slashed by Meta Platforms (META). This figure equals nearly 13% of the platform’s total workforce in the Reality Labs and apps divisions. In terms of the most recent firms, it was reported on the 5th of January that Genesis (a crypto lender) chopped off 30% of its staff.

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TON Foundation Launches TON Storage

The TON Foundation, which is considered to be a non-commercial set of people contributing at the back of the blockchain called The Open Network (TON), has released TON Storage. The project is a decentralized solution for data storage and file sharing analogous to the rest of the projects such as Storj and Filecoin. TON Storage operates just like a file-sharing mechanism that is peer-to-peer and utilizes torrents.

TON Blockchain Releases a Solution for Decentralized File-Sharing

Rather, it depends on the blockchain network of TON to transact data files – which comprise any size and are encrypted – without requiring web servers that are centrally controlled. Conventional torrents are deficient in ensuring long-term storage. TON Storage targets to eliminate this problem by providing financial facilities to the network’s node operators. In this respect, smart contracts are utilized.

The consumers pay fixed funds to the node operators via smart contracts in Toncoin and get their files hosted for a specific time. The TON Foundation noted in its statement that anyone is permitted to turn into a node operator as well as obtain payments from the rest of the consumers for files’ hosting. The platform allows even the node operator is operating only one node.

As per the platform, the latest product’s accessibility will incentivize unique, autonomous consumers to get into the TON network, assisting in the TON ecosystem’s further growth. Telegram started delving into blockchain technology back in 2018, establishing the Telegram Open Network.

The company collected nearly $1.7B amount in Toncoin tokens’ private sales in the same year. However, Telegram quit the project as the SEC started an investigation over it.

In 2022, it was rebranded by the open-source developers under the title “The Open Network” and an operational mainnet was added to it. In October, the consumers were permitted by Telegram to purchase its messaging app through Fragment (a decentralized auction forum). As the TON Storage was released, TON-secured websites’ hosting can also be carried out on the network.

Toncoin Presents Outstanding Performance in 2022

This is considered a move that Analoty Makosov (a founding member of the TON Foundation) labeled as the impending move in recognizing their vision of an open and decentralized internet. Toncoin (TON), the Telegram Open Network’s local digital currency, has performed considerably well in 2022 in comparison with the other crypto assets.

The popularity and growth of Toncoin are among the top things that have won the trust of the community.

During the previous year, the token’s price surged to a great extent, turning it into the 23rd-biggest crypto asset in terms of market capitalization. It has been among the prominent influential altcoins during the year of crypto winter. While being compared to the rest of the digital assets, TON has upheld a remarkable advancement and surged by up to 54% during December following.

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EasyMarkets Review – Is EasyMarkets Scam or a Legit Crypto Broker?

EasyMarkets Review

EasyMarkets is one of the simplest brokerage platforms and is suitable for all traders. Also, this broker is quite innovative in its working and features. A customer is definitely at free hand after becoming a part of their brokerage platform. To have a proper outlook of EasyMarkets, make sure to read the below EasyMarkets review.

Security Feature

Security is one of the most frequently asked questions by all users. The customer wants such a brokerage platform that ensures him proper protection not only from the concern of their investment amount but also from the concern of their provided credentials. Customers need insurance for the security of their data.

Hence, EasyMarkets is giving authorized security features to all users. Whether you are a beginner-level trader or a professional trader, the security of your data is the responsibility of the trading staff of EasyMarkets. Outside resources are not able to access your data without your permission. No person can snatch your investment amount without your allowance. So, all users are at free hand and easy to work in this broker.

Innovative Tools

All trading tools have their significance during the trade. Various trading tools are promised by EasyMarkets. Out of them, these two are getting fame day by day. These trading tools include a freeze rate feature and deal cancellation. The deal cancellation feature is available for small fee account-type users. Customer can undo their trade and reclaim their trading loss through this option.

One of the prominent premises of this option is that your specific amount has a limited time of six hours. If this time extends then you are not able to avail of this feature. Another feature is the freeze rate button. This freeze rate button is very useful for all traders. They can freeze their quote for a small interval such as 3 seconds. These tools are highly attractive and they are also profitable for all users of EasyMarkets.

Customer Help Section

The customer help section is very necessary for all users. If a customer is stuck in never-ending maize, he needs help from experts. In this regard, EasyMarkets is providing proper help to all users. On-time help is very important for traders. The average connection time between experts of the trading platform and the user is less than 1 minute.

Email Help Options

There are various options by which you can get help. These options include email help and a live chat option. Customers can attend on time with help from the expert staff of EasyMarkets. You can also get future guidance from the expert staff of this mesmerizing brokerage platform.

On-time help is very necessary for the proper and smooth working of all traders. The official email address for customer help is mentioned on the web page. A customer has to write the main topic of help in the subject section of the email. An elaborate question should be written in the body of the email. Now send it and get help quickly.

Live Chat Help

Also, the live chat option is highly remarkable and quick. It gives a chance all users to connect with experts very easily. When an expert gets to know your inquiry, he will answer you in a minute. In this way, a user will never stick in any confusion regarding trade. This help section is quite very important for the traders to elevate their trading level.

Account Types

Different account types are available in the trading section such as the MT4 platform and VIP account type. A customer can choose a suitable account type for him. Furthermore, these account types are based on the range of investment amounts. If a customer has a high range of investment amounts, he will opt for a VIP account.

If a limited amount range is available then the customer must go for another account. Also, referral bonuses and commissions are available in this broker. You will invite others through email and get a high profit in return. This will give a chance to all users for getting more money besides a specific trade.

Conclusion

EasyMarkets is getting popularity at a high pace due to its different unique features. Best security along with various trading instruments is making this broker superior among all others in the financial market. The two innovative features deal cancellation and freeze feature are very helpful for all users. Hence, go and sign up now on EasyMarkets

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AKO Markets Review – Is AKO Markets Scam or a Legit Crypto Broker?

AKO Markets Review

AKO Markets is a leading online broker that offers a variety of trading tools and services to its customers. With a team of experienced professionals, AKO Markets provides reliable and convenient trading options. This AKO Markets review provides a detailed overview of the features the broker offers.

The broker believes that its customers should have access to the most advanced and cutting-edge technologies available, and it strives hard to commit to providing the top-notch services possible. So, if you are looking to get in on the lucrative markets, then you need to look no further than AKO Markets. With extremely low spreads on a variety of instruments, you can make great profits.

Plus, their customer service is top-notch, so you can always count on the broker to help you get the most out of your trading experience. Below, we will discuss the unique features that this broker offers.

Various trading products

At AKO Markets, a variety of trading products are offered to help you make the most of your trading experience. Whether you’re looking for a broker that specializes in stocks, cryptocurrencies, Forex, options, or futures, AKO Markets has the product that you need to make the most of your trading endeavours.

The broker believes in giving its customers the best possible trading experience. That’s why it offers a variety of trading products and services, so you can find the right solution for your needs. There are a variety of products and trading tools available from AKO Markets, suited for any trader. Whether you’re a beginner or an experienced trader, you’ll be able to take on the markets with ease.

Access to global markets

AKO Markets offers brokerage access to a wide range of global markets. This allows investors access to a variety of investment opportunities, whether they are looking to invest in cryptocurrencies, stocks, bonds, commodities and other financial products from around the world.

Quick and easy trades

AKO Markets broker offers traders the convenience of being able to make trades on the go. With its web trading platform, traders can access their accounts and make trades wherever they are.

The broker will keep you up to date on all the important market movements so you can make the most informed decisions. Its traders are always on the lookout for opportunities, so they’re guaranteed to make money no matter what.

Variety of account types

AKO Markets offers a variety of account types to meet the needs of all its customers. Whether you’re a beginner looking for an introductory account, or a more experienced trader looking for a more advanced account, it has the right one for you.

Security of users’ funds

AKO Markets is a broker that takes security seriously. It uses innovative technology and strong security measures to protect user funds. These measures can include implementing a secure server architecture and using state-of-the-art security software.

Dedicated customer support team

AKO Markets offers a dedicated customer support team to help customers with any questions or problems they may have. If you need assistance, their team is available 24/7 to help you out. It also provides helpful tips and advice on how to use our products and services to your advantage.

Easy options for withdrawal of funds

AKO Markets offers easy withdrawal options for its customers. This makes it easy to access your money when you need it, no matter where you are in the world. Whether you need to take funds out quickly for a financial emergency or just want to make a larger withdrawal over time, it has the options that will work for you.

Conclusion

AKO Markets prides itself on being the leading online trading platform, providing access to the global financial markets. The broker is committed to helping its clients achieve financial success through its trading services and helping them achieve successful financial outcomes by providing a platform to trade a variety of markets.

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MilleniumOne Review – Is MilleniumOne Scam or a Legit Crypto Broker?

MilleniumOne Review

Are you considering signing up with a new trading platform but aren’t sure if it will suit your needs? Do you have any specific needs that you think only the best trading services providers can address? If yes, you have come to the right place because my MilleniumOne review will focus on a broker that I think suits a variety of trader types in the world.

It doesn’t matter how long you have been trading or if you just have just made up your mind to begin trading, this company will cater to your needs.

I am not plucking those claims from thin air. In fact, I have gone through all of its features to finally conclude that it suits every type of trader. Read the complete review to see if you agree with the same.

Multiple Accounts with Varying Deposits

So, if an online platform is meant only for expert traders, you wouldn’t find any convenience for you in terms of the upfront costs. You wouldn’t believe that there are platforms that would requires advanced traders to deposit hundreds of thousands of dollars before they can trade at all.

However, those accounts only suit traders who have been in this business for many years. If you are just starting out, you want a small deposit that you can easily afford from the savings you have. That’s what MilleniumOne delivers best as it has created multiple account types and the basic ones require you to deposit only a few hundred dollars that you can easily afford.

You can make the deposits using multiple methods. However, you will have to make sure that the method you choose for depositing funds in your account is used for withdrawing funds to because it is a requirement per the AML policy.

Hundreds of Tradable Instruments

If you are new, you just want to experiment a little before you put everything on the line. Secondly, you want to move slowly so you can take some time to learn trading. How do you do that? You pick the assets that are not that volatile. You go with trades that are stable, require you to invest only a small amount, and the potential losses are not huge.

To do that, you will have to access an expansive asset index that offers you assets in multiple asset classes, such as forex currency pairs, stocks, indices, cryptocurrencies, and commodities. Can you do that with MilleniumOne?

Yes, you have access to all of these assets from the same platform when you sign up with MilleniumOne. Within these five major asset classes, you can trade hundreds of assets. The best part is that you can use leverage on just about any asset you want.

The leverages allow you to borrow some money from the broker to enter big trades. It should also come as no surprise that you can open multiple positions at a time and in the market of your choice.

Basic and Advanced Education

This is yet another point that should make it clear that the platform is suited to new traders, advanced traders, and even those who have reached the professional level of trading. You can learn trading when you begin on this platform. There are plenty of videos and eBooks that you can use for learning.

In addition to that, you can also go with the webinar option to listen to the best experts and their insights about the ongoing trends in the markets. What makes the education from MilleniumOne better is that it contains a lot of advanced material as well, which is suited more for experienced traders.

Final Thoughts

Before you sign up with any online trading services provider, you have to make sure that it has the features that will offer you any value as a trader. A platform that suits new and experienced traders will provide you with a long-term trading career because you can begin as a starter but then you can grow into a professional trader on the same platform.

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Radiant Group Review – Is Radiant Group Scam or a Legit Crypto Broker?

Radiant Group Review

Are you interested in starting to trade online but need to find a reputable broker first? Are you concerned that brokers may take advantage of you? If you answered “yes” to any of these questions, then I believe I know the perfect broker for you. This particular broker is known by the name of Radiant Group. You will never again have to be concerned about falling victim to a scam since this company offers an exceptionally high level of security and is subject to stringent regulations.

Because it comes packed with all of the elements that are necessary for a profitable trading experience, Radiant Group is the ideal trading companion that anybody could ever have. My Radiant Group review will go into great detail regarding the game and explain why I like operating on it the most.

Versatile Trading Platform

Radiant Group gives its customers access to a cutting-edge trading platform, which enables those customers to have all of the essential tools that traders need at their disposal. Every tool undergoes periodic updates to guarantee that users are receiving the most useful information and support available to help them become more successful traders.

Additionally, the trading desk is characterized by a great degree of adaptability. This indicates that it can be readily adapted to function in any device you choose to operate it in and that it can do so with relative ease.

User-friendly Dashboard

Radiant Group functions faultlessly in every conceivable environment, whether it is a computer with a certain operating system or a mobile device of a particular brand. It never experiences any latency, and all activities are carried out at the speed of light.

In addition to that, using this dashboard is a breeze because of its user-friendliness. You won’t have any trouble figuring out how to use any of the functions since they are all neatly arranged and are all given to you in the appropriate order.

Outstanding Customer Support Service

The next thing I want to talk about is how incredible the customer service is at this company called Radiant Group. This is a very responsible broker since they accept full responsibility for ensuring that their customers are assisted in the most effective manner possible.

When you contact a member of the staff at this company at any time, you will always get a response to your question in the shortest amount of time feasible. Their responses are not only trustworthy but also beneficial, and as a result, you can always count on them for aid in any and all problems.

Additionally, their crew has a high level of expertise as well. They have a wealth of knowledge and experience gained over the course of many years in the field of trade, and they are experts in their chosen field.

Easy Sign-up Procedure

In addition, why don’t we discuss how simple it is to join this company in the first place? Every broker requires a significant amount of time and effort from their clients, particularly during the onboarding phase, when they often request a large number of papers and documentation from their customers.

 

Despite the fact that this step is taken to improve safety, customers often report feeling confused and frustrated as a result of the several cumbersome stages that take up a significant amount of their time. You are in luck if you decide to team up with Radiant Group since they have established the foundation of a very straightforward sign-up process that does not need you to provide any papers that are unimportant or superfluous.

You will be required to provide some information about yourself, such as your identification and address, but other than that, there won’t be much more to it. It is not difficult at all and wouldn’t take up a lot of your time if you did it.

Conclusion

After reading this review, I am certain that you feel secure about signing up for an account with Radiant Group. You will never find a broker that compares to this one anywhere else since this one is famous in town.

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CoinGate Report: The Volume Of Cryptocurrency Payments In eCommerce Surged By 60% Last Year

Though the markets are presently going through a hard correction, retailers who intend to embrace crypto payments are increasing in number. Subsequently, a steady rise is being witnessed in the overall volume of crypto buyouts carried out online in the sector of eCommerce. In this respect, a crypto payment processing company called CoinGate published a research report recently.

CoinGate’s Report Says 2022 Sees 60% Increase in Volume of Crypto Payments Related to eCommerce

In that report, the firm noted positive findings notwithstanding the deepened crypto winter. As per it, the crypto use for online transfers in 2022 expresses a continuous upsurge. The research signifies that in the previous year, merchants utilizing CoinGate have obtained up to 927,294 payments in crypto. This figure is 2.7 times bigger than the yearly average as well as denotes a 63% rise since the previous year.

As per the results of the research study, Bitcoin (BTC) was accountable for more than half (nearly 48%) of the entirety of transfers done in the former year. Interestingly, it equals nearly a 7.6% ratio lower than its position in 2021. This indicates that the payments made in altcoins have marginally lowered the dominance of the primary crypto Bitcoin in payments notwithstanding the expanding transfers.

In the previous year, USDT took the 2nd position among the most prominent crypto tokens utilized for shopping. Its percentage for being used was around 14.8%. After the stablecoin, came Ethereum, Litecoin, and TRON with 10.9%, 9.6%, and 5.8% proportions. Though the crypto market went through an overall slump during 2022, CoinGate pointed out a 48% rise in the sum of the latest registered merchants in the previous year after 2021.

This takes into account, the biggest players within the market such as NordVPN and others to the series of businesses attempting to embrace payments in crypto. Every year, the majority of well-known argument that retailers give for embracing payments in cryptocurrencies is analogous. This is related to the enhancement in the services to be provided to unbanked customers or those who have apprehensions regarding their privacy.

By adopting crypto payments, these institutions get the benefit of a mounted number of sales. The latest payment processing firms minimize the problem of price fluctuation in the case of crypto by allowing rapid settlements to traditional currencies. Interestingly, it was reported in December 2022 that CoinGate CEO “Justas Paulius” disclosed that the rate of crypto payments did not have any effect.

As per Paulius, this trend just witnessed a shift toward stablecoins. Stephen Pair, the CEO of BitPay, disclosed that the customers were less apprehensive regarding the crypto assets’ price. However, considerable attention was given to the transfer charges in the former year. In line with this, the clients prioritized the Litecoin token over Bitcoin in terms of smaller purchases as the transfer charges of LTC were considerably smaller.

Bitcoin’s Usage for  Merchant Payments Equals 41%

Customers utilized Litecoin in nearly 27% proportion of merchant transfers. On the other hand, Bitcoin was used by up to 41%. Users likely selected the primary crypto for bigger purchases as it has an additional large network and significant mining power, as per Pair. CoinGate anticipates that the developments made in the Lightning Network of Bitcoin could witness a great and dramatic improvement in the volume and throughput in the next years.

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Zigber Review – How Trading Can Be Worry-Free

Zigber Review

The quality of your trade and your entire trading experience may be greatly affected by what? It’s for your own good. It doesn’t matter how good of a trader you are if you aren’t at peace with yourself.

The first and primary concern for every trader should be emotional detachment, as professionals will tell you when you ask them. But if you aren’t convinced about the safety of your investment, you can’t do so. Zigber is a terrific approach to trade in today’s crowded market without having to worry about anything.

I’m not trying to convince you that this is the only platform that gives you with a nice trading experience.. However, after examining hundreds of options, this one stands out as the finest. I believe I can confidently suggest it to you and anybody else with an interest in trading. Let’s examine how this firm makes trading easier for you to do.

Accurate Refunds and Cancellation Policy

To begin, you don’t know if you will continue to trade in the future. In no way am I implying that you are going to be conned or anything like that. Even if you discover a wonderful trading platform and make some money in the beginning, you may not want to continue your career in the financial markets.

Personal preference and choice are universally available to everyone in our universe. You want to be on a platform that enables you to make your own decisions and is easy to depart. Then again, it’s possible you’ll come across a platform that better meets your requirements.

Refund and cancellation rules become critical at this point. The lack of information on refunds and cancellations on many internet firms has surprised me. There is an air of arrogance about it, as if they believe no one would ever cancel or that they can get away with stealing people’s money just like that.

Professionalism is guaranteed while working with Zigber. Refund and cancellation rules are clearly laid out on the company’s website, as you can see. With this assurance, you may do business with the organization without fear.

Trading Compliant with KYC and AML Regulations

Before you even begin trading, here is another set of regulations that you should be aware of? You should always check to see whether a company is in compliance with KYC and AML requirements before signing up for any financial services online. For online financial service providers, these are the regulations that have been put into place by the regulatory agencies.

Investors may reap the benefits of these policies by working with these firms. In addition, they have the ability to stop unlawful activity from occurring on their platforms.. Individuals that use the site for money laundering or identity theft are considered to be involved in unlawful activity.

AML and KYC regulations are adhered to by Zigber. To put it another way, the corporation won’t allow anybody to join up for its trading platform unless they disclose their personal information. Before they may join, they need to be identified.

Besides that, they will also need to present certain critical financial paperwork. In addition to the account or credit card information, the corporation will ask for images of these papers to verify ownership. In the event of a breach of these rules or a lack of compliance, an account might be closed or a new one rejected.

Now, an internet broker may simply accept everyone and continuing collecting money if they allow these businesses to join up. However, ethical brokers will not let any money launderers or identity thieves to join up with them, since this is a telltale indicator of their integrity.

Encrypted Data and Segregated Funds

When your money and personal information are at risk, how can you claim to be a safe trader? That used to be a problem that individuals had to deal with. This is due to the fact that there were no rules or laws in place to regulate this part of electronic trading.

All of today’s procedures have been developed with your facilitation as a primary consideration. It’s important to keep your personal and financial information secure when you join up for a service like this. Zigber’s website uses 256-bit encryption to keep your information more secure than before.

In addition, the business has ensured that all of the money you put into your account ends up in different accounts as well. The phrase “segregated funds” or “separate account” refers to accounts that the corporation holds in your name at a bank.

To put it another way, they’re solely meant to be utilized for the dealers’ own money. These are not the brokers’ personal accounts. Deposits made by the broker are made directly into the account of the broker themselves. There are separate funds in your trading account when you deposit money.

Additionally, you may rest assured knowing that only the most reputable banks have been entrusted with this task by the business. There is no way for your money to end up in the hands of a total stranger at an unidentified financial institution. All of your money will be held in a recognized, well-known, and regulated bank account when you open an online trading account.

Conclusions

As you can see, this business cares about your well-being in more ways than you may expect. Even the tiniest of letters or symbols that you send to the organization are protected by the newest encryption standards, which ensure that all of your data is safe and secure. The company’s website has a lot of great features that you should check out.

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Sallix Capital Review – A Brokerage Combining Traditional Trading With Advanced Trading

Sallix Capital Review

It was in the early 21st Century when the internet went commercial globally and changed the entire world once and for all. Many things that were once available in the real-world became available through the internet platform.

There was a time when trades were only done by those who had inherited them from their ancestors. With time, as the internet expanded, online trades started emerging, which the common person could use to their benefit and start making profits. Today, I will be sharing my Sallix Capital review to let you know exactly how the brokerage is bringing change to the online trading world.

Current Situation of the Online Trading Industry

With the passage of time, the online trading industry has grown so big that it currently caters to more than 150 million people from all over the world. As the condition of the world, its economy, and its systems change more people are shifting from the real-world to the online world with hopes to find more profits in the online trading sector.

This is when the online trading business is sky-rocketing and experiencing all-time highs in demand and provision of services. There are thousands of online trading brokerages that are in the market claiming to be the best and providing the most reliable, and secure trading environments to the investors.

Unfortunately, all these claims turn stale as soon as a new client joins them and finds the reality that these brokerages are only after their money and investments. Such brokerages have no intentions of living up to the expectations of claims they make to lure people.

This maneuver has been adopted by a majority of the online trading brokerages that have been launched in the past couple of years. These brokerages have not only hampered their own reputation but also hampered the image of the entire online trading industry.

Sallix Capital’ Struggle to Earn Back the Lost Respect

Over the years, such online trading brokerages with bad intentions have continued to emerge and are being launched to this day. However, online trading brokerages such as Sallix Capital have been trying their best to become the retainers of the respect and trust that the online trading industry used to have in the past.

According to surveys, the majority of the investors in the online trading industry are above the age of 40 while millennials’ percentage in the online trading industry is even less than 20%. This means that when these people grow old, they will not be doing trades and the youths after them would follow their elders, and thus, the online trading industry would face a demise.

Sallix Capital is one of the online trading brokerages that are trying to bring back the trust and respect that the online trading industry has started losing because of bad experiences. Alongside the major online trading brokerages, Sallix Capital is determined to provide investors with all the opportunities, services, benefits, tools, and support they need in order to enjoy a profitable journey in the online trading sector.

The brokerage is determined to educate the new and old investors alike to ensure they become more independent and empowered in the online trades, and start making their own decisions while trading. Sallix Capital is a brokerage that is known for sticking to the roots of traditional trading as well as offer investors futuristic and innovative ways of trading.

I shall now layout some of the major and most prominent services that Sallix Capital is known for providing investors that distinguish it from the rest of the average online trading brokerages.

Online Trading Instruments

In the online trading industry, the majority of the online trading brokerages stick to only a single trading instrument. They do it because they are least interested in aiding investors with their trades as they are only interested in their money so why go through all the trouble of having teams for each trading instrument.

On the other hand, Sallix Capital is dedicated to providing investors with as many trading options as possible through the trading instruments. It gives investors the opportunity to choose the asset of their choice to invest and receive guidance from the teams of experts in financial management, trading, and analytics.

At Sallix Capital, the investors are always guided with the right approach and aim, which is to increase their knowledge and polish their trading skills. At present, Sallix Capital provides investors with trading instruments such as Cryptocurrencies, Stocks, Forex, and Commodities.

From these instruments, there are more than 200 assets that Sallix Capital provides users with support and assistance. No matter the trade the investors choose, they will always have support from the team of experts per asset to guide them along the way.

Online Trading Accounts Offered by Sallix Capital

When it comes to offering online trading accounts, the majority of the online trading firms tend to provide a demo-trading account and a real-time trading account. Such brokerages expected the investors to gain all the experience in online trades through the demo-trading accounts where there is a sandboxed version of the real-time trading markets.

Despite providing investors with a demo-trading account, such brokerages do not provide investors with real-time support and educate them in the online trades, trends, maneuvers, tips, or tricks. On the other hand, Sallix Capital does things in a completely different manner as it offers investors a number of online trading accounts that are suitable for the investors as per their trading experience and knowledge of the markets.

At present, Golden Stocks provides investors with five different types of online trading accounts that include Essentials, Micro, Standard, Premium, and Premium Pro online trading accounts. Each account comes with a different minimum deposit requirement starting from Essentials and going all the way up to Premium Pro.

Services Offered through Trading Accounts

Based on the type of trading account the investors go for, they gain access to services and benefits such as up to 1:150 leverage, lot sizes from 0.01, pips all the way down to 1.1, trading signals, and free VPS. Furthermore, the investors have access to services such as trading education, access to exclusive events, quarterly analyst sessions, and commissions/bonuses.

Furthermore, the investors are also provided with full support from the customer support managers and personal account managers whose sole responsibility is to make sure that any investment made by the investor brings in profits and stays positive.

Trading Methods Offered by Sallix Capital

This is the part where Sallix Capital takes things to the next level for investors. At present, the majority of online trading brokerages provide investors with just one option that is to let them trade manually. In this case, the investors are required to do everything from start to end.

It is the investors that have to make the deposit, monitor the markets, keep an eye on the markets, and call the shots. This is one of the most basic and traditional offerings made by the online trading brokerages but Sallix Capital does things differently and offers investors a couple of unique options:

Algo-Trading

When it comes to algo-trading, all the investors are required to do is to make the deposit and investment, and the rest of the trading activity is performed by trading bots. These trading bots are designed and developed using algorithmic and complex calculation technology and maneuvers.

In algo-trading, the bots gather all the trading data for the asset of investors’ choice, run analysis on it, generate signals, run investment scenarios, and go for the best position, and investment option. The algo-trading functionality makes the lives of the investors much easier and convenient as they do not have to worry about making any investment decisions and let the bots take care of the trades.

However, the best thing about algo-trading is that the investors can always take the chargeback if they want to and start doing trades manually.

ETF Trading

There used to be a time when the investors had the option of choosing a single online trading instrument. To be honest, the investors were bound to choosing only one trading instrument at a time. However, Sallix Capital has come up with a unique way to change this trend as it now offers investors the opportunity to go beyond just one online trading instrument through ETF trading.

In ETF (exchange-traded-fund) trading, the investors can invest their money and capital in more than one online trading instrument at a single time. This way, the investors can gain more from their investments and keep the profits flowing through different trading markets.

Online Trading Platform Offered by Sallix Capital

Nowadays, there are many online trading brokerages that tend to provide investors with a low-end trading platform. There are many online trading startups that have started developing and launching their own online trading platforms that are below standards and need a lot of quality and security checks to be made before they can put up for trading.

These platforms lack the proper tools, functionalities, and features that can help investors gain the most out of the online trading markets.

However, Sallix Capital provides investors with the most reliable, secure, user-friendly, and unique online trading platform that is the MetaTrader 4 (MT4) trading platform. MT4 has been around in the online trading industry since 2005 and still is the most prominent and most adopted online trading platform in the industry.

Even some of the major online trading brokerages also stick with MetaTrader 4 platform because of the tools and the functionalities it offers.

Tools/Features Offered by MetaTrader 4

The MT4 trading platform is known for providing investors with the most user-friendly, comprehensible, and convenient trading environment. The tools/features that the platform offers include algo-trading, multi-language support, full customization, advanced charting system, advanced reporting, historical reports data, trading signals, daily market news, price alerts, single-click executions, trade indicators, and much more.

MetaTrader 4 Platform Compatibility

While the majority of the firms that have MetaTrader 4 tend to offer it only through Windows or Mac browsers, Sallix Capital offers it through all the options that would prove extremely convenient for the investors.

Apart from offering MetaTrader 4 trading platform through browsers, Sallix Capital also offers MT4 terminals through Windows and Mac. Furthermore, the MetaTrader 4 (MT4) trading platform is also available on Android-based and iOS-based devices.

Deposits & Withdrawals through Sallix Capital

When it comes to money and finances, Sallix Capital is as skeptical and sensitive as the investors as to ensure that investors are offered the most reliable and secure payment methods that are trusted all over the world. Sallix Capital provides users with the two most prominent options for making deposits where the first one is through Bank Wire Transfer and the other one is through Credit/Debit card (Visa/Master).

When making a deposit through bank wire transfer, the minimum deposit requirement is $1,000, which reflects into the investors’ Sallix Capital account in 1-2 business days. As for deposits through credit/debit cards, the minimum deposit requirement is $250 and the money reflects instantly. The deposits at Sallix Capital can be made either in USD or EUR.

When it comes to making a withdrawal, the investors can choose the same options used for making deposits plus two more methods that are Bitcoin wallet and NETELLER. If the investors choose to go with a withdrawal method other than bank wire transfer then the money is a transfer within 3 to 5 business days. On the other hand, the processing time for bank wire transfers is 5 to 7 business days.

KYC and AML

• Know-Your-Customer (KYC) Adherence

Under the KYC guidelines, Sallix Capital ensures that it collects the personal identification information (PII) of the investors as they join the platform. Then the platform continues to update the PII of the investors from time-to-time to keep running background checks on the investors to ensure they are not involved in any criminal, money-laundering, or terrorist funding activities.

• Anti-Money Laundering (AML) Adherence

Under the AML guidelines, Sallix Capital makes sure that every transaction flowing in and outside of the platform is monitored and thoroughly investigate if it is considered high-risk. Sallix Capital doesn’t want to get involved in any illicit or criminal activities both intentionally or unintentionally.

The firm takes all necessary measures to ensure no profile or investor on the platform is being used to perform anti-money laundry or terrorist funding activities. If the firm does establish an illicit transaction, it reports them to the concerned regulatory authority right away.

Customer Support at Sallix Capital

Sallix Capital is always vigilant and ready to fulfill the needs of the investors if they are related to the platform and trades. No matter the time, if an investor has any query, whether minor or alarming, they can always get in touch with Sallix Capital’ 24/7 customer support either via chat support (through the website), landline, or email.

The customer support teams on either of the channels are very supportive, professional, empathetic, and experienced. They ensure that the investors are provided with prompt responses to their queries without causing any delays.

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Trezo Capital Review – Is Trezo Capital Scam or a Legit Crypto Broker?

Trezo Capital Review

With the development of technology and the internet, our lives have never been simpler. You may earn extra money at home, for instance, by trading online. For instance, emerging investment categories like cryptocurrencies have seen enormous price increases, providing early investors with substantial returns on their capital.

You may begin your investing adventure right now, and who knows? You might end up becoming the next big success. To enter the market and trade the appropriate digital instruments, you need a reliable trading platform like Trezo Capital. Why Trezo Capital is a Reliable Trading Company is demonstrated in this essay.

In fact, all you may need to get started in trading is a broker. Brokerages, meanwhile, vary in a number of ways. While some brokers cater to novices, others include tools and features for seasoned traders. When you’re unfamiliar with the options, it could be difficult to choose your favorite. But Trezo Capital removed these barriers by providing a platform that anybody may utilize, regardless of their level of market expertise.

Trezo Capital provides both novice and seasoned bitcoin investors with a welcoming atmosphere for investing. However, exercise caution when choosing a trading platform. Crypto frauds, which continue to be the biggest problem in the crypto sector, may have come up in conversation. In that situation, weigh the benefits offered by several brokerages and decide which will help you reach your investing objectives.

Trezo Capital Advantages

• Top-Notch Trading Platform

As a cryptocurrency investor, having access to a cutting-edge trading platform is still crucial to ensuring smooth operations and profitable transactions. Keep in mind that you will require this feature for all activities, from accessing exchangeable assets and making deposits to making trades and taking your profits.

Probably the last thing you want during this procedure is obstacles. Your trading process and financial results will be influenced by a broker’s trading platform.

You can engage with everything you want on Trezo Capital’s user-friendly trading platform. 1st and foremost, the brokerage firm created a user-friendly platform that is simple enough for beginners to utilize. They also provided several trading tools and alerts that might boost your profits. For instance, seasoned internet traders may access seminars to learn how well-known investors continue to succeed.

• High-End Security

Security is still a top priority while using the internet. As was already established, dishonest transactions have plagued internet trade. Unfortunately, while entering the current financial sector, the majority of people ignore this aspect. Scammers are skilled at taking advantage of these errors to make large profits. Brokers and market participants still keep looking for solutions to combat these unpleasant situations.

You may do your part by signing up with reputable brokers like Trezo Capital. This broker places a high priority on security, providing a secure setting for online investors. For instance, it implemented Know Your Customer & Anti Money Laundering, two significant security standards.

• Customer Support

Online investors are drawn to Trezo Capital because of its emphasis on customer care. The broker has a helpful team that is constantly available. Six days a week, twenty-four hours a day, you can reach their agents. You may rely on the knowledgeable support staff at Trezo Capital for assistance with everything, including technical questions and advice on setting up investment budgets.

The nicest part is that you’ll engage with people who will support you in whatever way they can. The personnel of the broker boast expertise in both banking and internet investing. There are several ways to get in touch with Trezo Capital on their official sites. The brokerage company promises to respond within a day. You can always rely on the support staff to enhance your results and experience.

The Main Takeaway

You may trust Trezo Capital as a trustworthy online broker to help you conduct profitable trading operations. You can attempt what the broker offers to give, regardless of how long you’ve been working in this field or whether you’re a newcomer searching for extra money. Additionally, you may reach out to their available support team at any time for more details.

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Exteom Review – Taking A Close Look At Their Services

Exteom Review

The lucrative trading opportunities in the financial markets have drawn a massive crowd, particularly in the last few years. Cryptocurrencies were partly responsible for the increased traffic and the COVID-19 pandemic also played a key role.

The demand for online brokers has significantly increased and many new companies have been founded to cater to this need. One of them is none other than Exteom, Despite being new, it has gained a lot of attention in trading circles and this is primarily because of its well-rounded services.

Nonetheless, this doesn’t mean that you should just take their word for it and sign up without checking them out yourself.  You need to take a close look at their services to determine if it is the right option or not. This Exteom review can shed some light on what you can find:

An Array of Instruments

Taking a close look at the broker should always start with the instruments they are offering to you. After all, it is these instruments that will determine how much profits you make and if the broker is offering you access to those that can help you achieve your targets.

A check of Exteom offerings will tell you that they are providing traders with an array of instruments belonging to some of the top financial markets in the world. You can trade the best options in each, which include the forex, stock, commodities, indices and cryptocurrency markets. Having such options at your disposal will allow you to diversify your portfolio, which keeps your risks low and profits high.

A strong security infrastructure

One of the primary concerns of every trader is the security they can expect when trading online. Cybersecurity incidents have become widespread and you don’t want to be robbed of your money, or have your personal data stolen.

This can depend on the broker and you will not be disappointed with Exteom in this regard because they have created a strong security infrastructure. Understanding the concerns of their clients, they maintain segregated customer accounts.

This means client funds are deposited in accounts separate from their own to avoid misappropriation. Plus, they are kept with leading banks to minimize the risk of theft as well. The use of SSL (Secure Socket Layer) and digital encryption by Exteom is meant to protect your personal and confidential information safe. They also comply with AML (Anti-Money Laundering) and KYC (Know-Your-Customer) rules to mitigate risks like that of identity theft, money laundering, and financial fraud.

A quick registration process

You have to complete a registration process to use a broker’s services and this is different everywhere. No one wants to have to deal with a complex and time-consuming procedure and Exteom ensures that its clients don’t have to put up with one. Registering with them entails filling out a form on their website, which takes no less than five minutes.

Enter your first name, last name, email address, phone number, country of residence and a password. Choose an account currency from EUR, USD, and GBP, confirm your age and agree to their Terms & Conditions.

A range of trading platforms

The trading platform is what you use for executing your trades in the market, so it will play an important role in your experience. The good thing about Exteom is that it gives you access to the top trading platforms in the market i.e. MT4 and MT5.

Whether you are a beginner or a skilled trader, these platforms have the right technology and tools to fulfill your needs. Along with these, you can also find a WebTrader that doesn’t need to be downloaded and mobile trading solutions that can help you trade from anywhere and everywhere.

Conclusion

With round-the-clock and professional customer support, numerous account types, and convenient payment solutions, the Exteom trading platform can be a solid choice for your trading journey.

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OGFX Review – Is OGFX Scam or a Legit Crypto Broker?

OGFX Review

In digital currency ecosystem, OGFX is a reliable brokerage platform for cryptocurrency transactions. If you are interested in cryptocurrency, come to this platform since it provides you with the most applicable features to your situation.

OGFX is one of the hundreds of brokerages that work in the cryptocurrency market. It stands out because of various features that are discussed in this OGFX review. It gives new traders a lot of great tools and installations to help them with online trading.

Why is There a Need for OGFX?

Even though there are a lot of brokerages in the crypto market, this is the only one that offers services that are similar to what OGFX does. When you compare the most important features of different forums, this platform will be at the top of the list.

This forum can be trusted because it offers services to customers in the cryptocurrency business that no other forum can match. Trading forums like OGFX are important for anyone who wants to get involved in the cryptocurrency market in any way.

This trading platform has a number of important features and functions, such as trader education, security, trading instruments, trading tools, trading customer service, and an easy registration process.

Trading Products

The most important thing about the different trading tools is that they let the trader look at the digital assets that can be traded on this platform. Each customer has a different financial plan and strategy for investing in different financial products. On this platform, he has the ability to pick the trading asset that best suits his needs and circumstances.

You will discover many items for sale at this location; hence, it is vital to determine which items are within the customer’s price range. You can trade a wide range of digital assets on this forum, such as futures contracts, rubber, currencies, metals, oil, stocks, and many other businesses and financial instruments.

Trader School

Every trader should periodically update their business expertise and learn new information. In this sense, OGFX gives the trader school so that individuals may acquire new talents and hone those that they already possess. Utilizing this trading platform will assist you in investigating a variety of informational and research resources.

Therefore, the trading school employs teachers of a professional level to instruct students who are just starting out. Throughout this regard, they provide clients with access to webinars in which they invite seasoned traders to discuss their trading strategies and success stories.

Security

The vast majority of traders will prioritize security features over those of other types. Nobody can dispute the influence that clients’ data privacy has on investments in firms since these companies never make concessions when it comes to customers’ privacy.

Because of the prevalence of internet use in today’s society, protecting users’ privacy when it comes to their data is an essential component of any online trading platform.

Snoopers operating online will take your data and then modify it after acquiring your bank details and information about your digital wallets. This trading platform encrypts the information of its clients with the purpose of protecting their data.

 Customer Support

After analyzing a large number of installations and tools, you have determined that you require information on the customer assistance offered by this platform. In the world of online trading, you never know when you could run across an obstacle. You require helpful support from the customer service department in order to fix the issues.

Clients may always get helpful assistance from this platform’s customer care team, which is available around the clock. The problem that the clients are having may be solved by the delivery agents that support this forum.

They are able to provide effective services to the merchants because they have all of the professional abilities that are required of a strong customer supporter. These qualities include responsiveness, interpersonal communication, flexibility, and a gentle tone.

Final Words

To summarize the findings from the OGFX review, this trading desk is offering customers in the online trading market an exceptional trading experience. Traders can increase the number of people they invest with worldwide by using this platform to get into the best online financial markets. Visit the website if the client still has any questions after doing so.

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Ripple Is Reportedly Creating National Stablecoin For Palau

Crypto has gained a lot of fame across the globe in recent times. Countries around the world, whether small or large, are endeavoring to adopt crypto and blockchain technologies into the economy to get spread digitalization worldwide.

Many central banks are pursuing the launch of their distinctive central bank digital currencies (CBDCs). Contrarily, the others are looking to develop stablecoins.

Ripple to Make Palau’s National Stablecoin

Palau, the Pacific island-based country with a population of nearly 18,000, is perhaps not the earliest among the jurisdictions trying to get technologically advanced. Nonetheless, the small nation is enthusiastically campaigning to make a formal adoption of crypto assets.

As per Surangel S. Whips Jr. (the president of Palau), the information technology-related engineers of the country have been aggressively working on tech possibilities.

He mentioned that the country intends to develop a stablecoin to operate nationwide. The respective initiative will be taken in collaboration with Ripple Labs (a blockchain firm). The president is of the view that the stablecoin, after being implemented in Palau, will enhance the lifestyle of the people living in Palau along with offering diversification for the economy.

At present, the extreme health crisis caused by COVID-19 has severely damaged the economy dependent on tourism. During the pandemic, a 50% decrease has taken place in the gross domestic product (GDP) of the archipelago. The official currency operating in Palau is the United States dollar however the country has not established a central bank.

In this way, the stablecoin to be developed for Palau will be backed by the USD. Whipps disclosed that the proposal for the stablecoin project is a move toward the country’s separate central bank digital currency (CBDC). The Palau president additionally provided remarks on the recent visit of Changpeng Zhao (the CEO of the crypto exchange named Binance) to the country.

He added that the visit consisted of their discussions regarding Palau as well as methods by which it can utilize the payment infrastructure of the crypto exchange.

According to him, they conversed over the provision of digital payment facilities to the people residing in the country as a result of embracing crypto assets. Whipps reportedly stated that the crypto sector counts as an exclusive world to be explored by the island nation.

The reports point out that the president highlighted one benefit of Palau is that the country is small and expectedly can mobilize the government. Along with this, he added, it can additionally become more adaptive to the requirements needed to make pace with the rapidly-changing environment.

As per a survey that was conducted by the Graduate School USA, the GDP of Palau has witnessed a slump of up to 8.7% back in 2020.

The most probable reason behind this decline was related to the downfall of the country’s tourism because of the pandemic. The president brought to the front that at the start of 2021, an upsurge was witnessed in government citizens’ purchase of products by utilizing their smartphones on an instant basis.

Palau President Converses with Vitalik Buterin to Issue Virtual IDs for Developers

In the conventional system of banks, citizens usually require waiting for transactions to be completed but digital methods have eliminated that process. In the meantime, Whipps additionally revealed that a virtual meeting took place between him and Vitalik Buterin (the co-founder of Ethereum).

They reportedly talked about releasing an ecosystem of virtual R&S IDs for the developer community and the applicability thereof.

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DeFi Platform Midas Shuts Down Its Operations

Midas, a custodial investment company, will shut down its activities due to a shortfall of up to $63.3M in its DeFi portfolio. Iakov Levin (the CEO and founder of Midas), who is also famous by the name “Trevor,” stated noted that the move is taken partly due to a loss of up to $50M in the DeFi portfolio. This equals twenty percent of its cumulative $250M assets under management (AUM).

Midas Investments Announces a Closure amid a Shortfall of $63M in DeFi Portfolio

Apart from that, Levin additionally pointed out that the crashes of Celsius, FTX, and Terra all played a significant role in harming the position of Midas. The customers extracted nearly sixty percent of the funds following the respective downfalls. Levin noted that the platform went through a huge asset outflow of above sixty percent during the recent six months. As per the executive, the FTX, Celsius, and LUNA had collapsed during that time.

The executive added that it became very hard for them to maintain the fixed profit model of the company. In the declaration, it was mentioned that the cumulative liabilities of the firm in stablecoins, Ether, and Bitcoin equal nearly $115M whereas $51.7M is the worth of their present assets. This causes a deficit of almost $63.3 million.

As per a blog post, the platform lost more than $14 million occurred in the Ichi protocol. Besides this, Midas also lost another $15 million because the DeFi Alpha portfolio’s status experienced a huge devaluation simultaneously.  The founder additionally disclosed that the platform is making a strategy to consequently provide CeDeFi strategies to the consumers dealing with decentralized finance (DeFi) and centralized finance (CeFi) with its latest project.

According to the executive, the respective project will offer several unique benefits. Levin asserted that it will link the struggling protocols via liquidity. The executive clarified that the vision for creating the latest project revolves around combining the promising elements of both forms of finance including decentralized and centralized. Nonetheless, additionally, centralized decision-making would be atop.

DeFi Victims of Crypto Winter Increase in Number

In the meantime, following the recent disclosure of its strategy for refunding the consumers, Defrost Finance (a DeFi company) eventually opened up over the allegations dealing with a likely “rug pull” following the latest exploit of up to $12 million. The platform was of the view that if a developer key gets compromised that does not mean that a rug pull has taken place.

In addition to this, Avraham Eisenberg (the exploiter of Mango Markets) was recently detained and accused. On the 27th of December, a complaint was released by the Federal Bureau of Investigation. In the respective complaint, Eisenberg was accused of commodities manipulation and commodities fraud.

Midas Investments is considered the new most dramatic victim during the year 2022. Aside from that, the tsunami initially took place when TerraUSD (UST) – a well-known stablecoin project – plunged after a huge sell-off. As a consequence of that, a great amount of nearly $500B was wiped out just in a couple of weeks.

After that, the prominent players in the market crashed in response to this enormous jolt, taking into account Celsius Network, Voyager Digital, and Three Arrows Capital. Three Arrows Capital utilized the funds borrowed from the other entities to carry out risky gambling on the crypto markets, supposing that prices would keep on rising. Voyager was one of its creditors having given it a loan of $650 million.

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