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Andrea ForexMart

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  1. Company News by ForexMart

    Deposit Insurance - Protect Your Deposit with ForexMart 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.
  2. ForexMart's Forex News

    German’s Strong Economic Upswing Despite Weak Growth in Q1, says Finance Ministry Germany’s economy had a strong growth amid weak data from the largest economy in Europe earlier in 2018, according to the finance ministry on Tuesday. Moreover, economic output expanded by 0.3 percent in Q1 after the 0.6 percent growth in the last quarter of 2017. The finance ministry also mentioned that the downturn was caused by temporary factors such as ill-health conditions and strikes that affect industrial output alongside the above-average number of public holidays during the quarter. In addition to it, the ministry stated that industrial orders continued to be at an extremely high level and that export activity at German companies could take advantage of the strong development of the world economy. Reportedly, the combination of moderate inflation, agreed raise in pensions, robust labor market and wage hikes led to the possible solid income development and continuous support in private consumption. The government of Germany believes that the economy will grow by 2.3 percent this year.
  3. Company News by ForexMart

    Free VPS Hosting from ForexMart Avail VPS hosting from ForexMart today! Service is free for our clients. Experience a high speed, no reboots, unlimited usage for any purposes and a powerful server; online 24/7! VPS Specifications * 1 CPU (Top-edge servers from DELL-DELL R730xd with 2 x E5-2680v3) * 1 GB RAM * 25 GB HDD * Windows Server 2008 included Qualifications: * To claim a FREE VPS, clients just need to deposit a minimum of 500 USD in their account (or equivalent in other currency.) Clients have to trade at least 0,5 round turn lots each month to maintain the VPS. To apply for VPS, please contact Support Department via [email protected]
  4. ForexMart's Forex News

    French Economic Growth at 0.3% in Q2, says BOF The French economy is projected to expand by 0.3 percent during the period of April-June, this showed unchanged growth pace in the first quarter, according to the initial estimate of the Bank of France on Monday. The central bank’s business sentiment indicators for both services industry and manufacturing sector had declined by 102 points in the previous month versus 103 points in March. In April, the BOF revised lower its economic growth forecast in Q1 from 0.4 to 0.3 percent due to lackluster activity in the manufacturing industry. The country’s data reflects a larger reduction in the European economy, as ECB Executive Board member Benoit Coeure mentioned last month that the eurozone is expected to suffer from major correction instead of a downturn as growth rates hold out its multi-year highs.
  5. Company News by ForexMart

    The current Money Fall contest has already started on April 2, 2018 and will end on April 6, 2018. You can register for the next competition which will take place from April 9, 2018 to April 13, 2018 Note: Registration for the next competition finishes 1 hour before the contest starts. --Winners of March 12 - March 16, 2018-- 1. alex7010403 of Borovaya Kharkovskoy oblasti (Acct. No.: 1087) 2. Ochechek01 of Барановичи (Acct. No.: 1155) 3. TOPMO3-23 of Tashkent (Acct. No.: 1108) 4. Wickiup_6 of Vinnitsa (Acct. No.: 1086) 5. MOZYR of мозырь (Acct. No.: 1094) 6. Ocho4 of Abuja (Acct. No.: 1115) 7. -----------SamNN---- of Нижний Новгород (Act. No.: 1090) 8. Phaq of hafizabad (Acct. No.: 1075)
  6. ForexMart's Forex News

    March Fed Rate Hike Marks an Optimistic Outlook for 2018 Full story at: https://goo.gl/b2M3WW #economicnews #thinkbigtradeforex #forexmart
  7. Company News by ForexMart

    Account Verification Verify your ForexMart account to access all our services. Please take note this process can only be done on our website. If you do not verify your account, you may not be able to fully access our services. Account verification is easy and simple. Just provide a scanned copy of a valid ID or passport and a proof of residence. We do not accept electronic bank statements and electronic utility bills. After sending the requirements, our account team will look into it. You will receive an email validating your account or requesting additional documents for the verification process within 72 hours after uploading the requirements. For more details regarding Account Verification, kindly follow this link: https://goo.gl/eVHCno Thank you and have a nice day!
  8. ForexMart's Forex News

    The Release of Government's EU Exit Analysis The EU free trade agreements still expected to cost the UK by 4.8 percent of its projected economic growth for the next 15 years, based on the confidential government ‘EU exit analysis’ released yesterday. The decline in growth amounted to £55 billion of the British government debt by 2033, which could further negate the expected ‘Brexit dividend’ by the supporters of the EU exit. The report was issued by the department of Exiting the EU committee. Moreover, Brexit Secretary David Davis stated that the published document should be kept confidential but some parts of the material were already leaked to the media last month. The alternative option led by Theresa May’s team is the “Membership of the single market” but was ruled out due to the possible drop in GDP by 1.6 percent. On one hand, the ‘no deal’ Brexit would return the UK trading with the EU-27 under the standards of the World Trade Organisation and would cost 7.7 percent of the GDP based on the government numbers. This could result in a surge of government borrowing by £20 billion and £80 billion, respectively. With this, there are assumptions that approximately 40,000 to 90,000 EU migrants are planning to leave the United Kingdom. Included in the analysis is the projected economic benefits from the reducing regulations. The government of Britain would likely create its original version of impact assessment, however, some of the think tanks are expected to see potential gains around zero and 2 percent only of the GDP. Nevertheless, the report does not mainly evaluate the short-term economic effect of Brexit. It further shows that the free trade deal with the United States would benefit the UK GDP by 0.2 percent in the longer term. While another concession with countries under the trans-Pacific and south-east Asia regional group such as Australia, China, India and New Zealand is expected to add 0.1 to 0.4 percent of GDP. Ministers of Britain are hoping to start the talks prior to the Brexit scheduled in March 2019, but this plan seems to be already abandoned.
  9. ForexMart's Forex News

    PBOC’s Lent 105.5 B Yuan in Rollover of MLF Due in March The People's’ Bank of China lent 105.5 billion yuan or $16.67 billion to various banks on Wednesday under its medium-term lending facility for a year, according to released reports. The new MLF loans have a similar rollover value in the 1-year batch of MLFs that are due on the same day. Adding 189.5 billion in the same tenor to be expired on March 16. Moreover, the central bank added that they will avoid reverse repos on Wednesday morning. On December 14 last year, the PBOC augmented their interest rates on liquidity tools to 3.25 percent, as well as, the one-year MLF.
  10. Company News by 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.
  11. ForexMart's Forex News

    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.
  12. ForexMart's Forex News

    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.
  13. ForexMart's Forex News

    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.
  14. ForexMart's Forex News

    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.
  15. ForexMart's Forex News

    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.