Bursa Malaysia saw a slight dip on the final trading day of the year as profit-taking and cautious sentiment dominated. The FBM KLCI declined 3.4 points to 1,634.28, with muted turnover of RM822.07 million due to year-end festivities. Blue-chip stocks, including Tenaga Nasional and Telekom Malaysia, experienced declines, while regional markets remained subdued amid global uncertainties. As 2024 approaches, investors remain cautious, balancing risks with potential opportunities.
The Federal Reserve has implemented multiple interest rate cuts in 2024, bringing the rate to a range of 4.25%-4.5% by the end of the year. However, whether the Fed will continue cutting rates or shift to rate hikes in 2025 remains uncertain. The Fed's policy direction depends not only on economic data but also on internal adjustments, the policy direction of the new president, and other factors.
Smart FX Vest appears to be an unregulated online trading platform that offers 250+ trading instruments, including Forex, CFDs on Shares, Futures, Indices, Metals, and Energies. Additionally, it claims to provide its clients with leverage up to 1:1000, floating spreads from 0.5 pips, and commission-free trading via 3 different live account types.
TOPIATO is an unregulated brokerage company registered in the United Kingdom. Trade 200+ products including shares, currencies, metals, commodities, indices, and crypto. While the broker's official website has been closed, so traders cannot obtain more security information.
Registered in India, OTC GLOBAL LTD. is an introducing broker, working with international banks and brokerage firms to bring financial services for the likes of individuals and companies. While the broker's official website has been closed, so traders cannot obtain more security information.
Registered in the Netherlands, Da Vinci is a proprietary trading house that trades solely with its own money, creating natural risk awareness. It does not have clients. The company is recruiting for positions including OTC analysts, digital asset traders, OTC strategists, digital asset traders, and sales traders.
As a securities company, SK provides various trading transactions such as overseas stocks, unlisted stocks, simulated investment systems, domestic futures product introduction, automatic purchase of stocks and ETFs, gold spots, etc. There are also rich financial products, including CMA, SK Securities check cards, pension savings products, ELS/DLS, ISA, tax-advantaged products, etc.
WaysTrade is a broker. Trade various instruments include forex, commodities, futures, cryptocurrency, metals, and stocks. The broker also provides four accounts with a maximum leverage of 1:400. The minimum spread is from 0.3 pips and the minimum deposit is $100. WaysTrade is still risky due to its unregulated status.
Lime Financial is allegedly a technology company and a broker-dealer based in the USA that provides its retail and institutional investors with various tradable assets, investment advisory services, and technology solutions on the industry-standard MetaTrader5 trading platform.
IMSB is an unregulated brokerage company registered in Poland. While the broker's official website has been closed, so traders cannot obtain more security information.
GF Securities (Hong Kong) is the core part of GF Securities Co., Ltd., which was founded in 2006 following the approval of China Securities Regulatory Commission to conduct business in Hong Kong and overseas markets. It wholly owns GF Holdings (Hong Kong) Corporation Limited and its subsidiaries. With Asia focus, Chinese expertise, and Greater Bay Area characteristics, the company offers financial services including global securities, investment banking, wealth management and brokerage, and investment management to global clients.
Duo Markets is a forex broker offering various tradable financial instruments including forex, actions, commodities, and indexes. It offers two account types and a demo account through MT4 and MT5 with high leverage up to 1:500. However, it is unregulated.
NeoProFx is an unregulated brokerage company registered in China. The company offers various accounts with a minimum spread of 1 pip and a maximum leverage of up to 1: 1000. The investment is available in windows and mobile. While the broker's official website has been closed, traders cannot obtain more security information.
Founded in 2023, Astra Montis is a financial company registered in South Africa. Its operation office is located in London, the UK. Astra Montis provides trading products like Forex, Precious Metals, Shares, Indices, and Energies with leverage up to 1:100 and spread from 0.5 pips via the MT5 trading platform. However, one thing that needs to be noted is the exceeded FSCA license.
Set in Hong Kong, Silom is a brand-new formed corporation Among the several trading tools it offers are FX, commodities, indexes, and cryptocurrency. Together with minimal spreads beginning at 0 pip, they support MT4 platforms and provide competitive leverage up to 1:200. Users may test trading with a demo account.
Founded in New York in 1995 and regulated by FSS, GFI provides market brokerage services in a multitude of global over-the-counter (OTC) and exchange listed cash and derivatives markets.With a focus on electronic trading solutions, GFI Securities offers market access and execution across diverse sectors such as FX, credit derivatives, and commodities. However, their licenses of FCA and NFA have been reported as suspicious clones.
Danske Bank, headquartered in Denmark and operating since 1997, offers banking services. It offers Pocket Money App for their traders. However, it does not offer investment advisory services or securities execution and other securities brokerage and dealing services to US Persons. Besides, they are under unregulated status.
Capixtrade is an unregulated brokerage company based in Switzerland. It offers trading on cryptocurrencies, stocks, commodities, indices, and forex with leverage up to 1:200 via the MT4 platform. The minimum deposit requirement to open a live account is as high as $1 500.
Precision4x was registered in 2023. It uses MT4 as its trading platform, and offers trading services on cryptos, stocks, commodities, forex, and so on. The leverage can be up to 1:500. Nevertheless, it is not strictly regulated, so potential risks cannot be ignored.
A1FX, founded in 2006, is an old brokerage registered in Turkey. The trading instruments it provides cover Indices, currency pairs, commodities. It provides 4 types of accounts. It is unregulated.