Forex market volatility: Banks to suggest uniform exchange rates

The Bangladesh Bank today asked banks to suggest uniform exchange rates of the taka against the US dollar in order to bring back the stability in the country’s foreign exchange market. The central bank will take final decision to this end after assessing the rates recommended by the banks. The decision came from a tripartite… Continue reading Forex market volatility: Banks to suggest uniform exchange rates

OctaFX wins Best Mobile Trading Platform award at Forex Brokers Award 2022

OctaFX’s mobile trading platform was recognised as the best of its kind by public voting held by fxdailyinfo.com as part of its Forex Brokers Awards 2022. KUALA LUMPUR, MALAYSIA – Media OutReach – 26 May 2022 – The global broker OctaFX received the ‘Best Mobile Trading Platform’ award from the international Forex news portal fxdailyinfo.com. The winners… Continue reading OctaFX wins Best Mobile Trading Platform award at Forex Brokers Award 2022

Five Important Facts Retail Traders Should Know About Forex Trading in the UK

Retail Forex trading in the UK is legal. If you are a retail trader it is important that you understand the regulatory framework, the risks involved, to ensure the safety of your funds. The regulatory agency with the responsibility of overseeing forex trading in the UK is the Financial Conduct Authority (FCA). Brokers who wish… Continue reading Five Important Facts Retail Traders Should Know About Forex Trading in the UK

Naira falls to N609/$1 at black market as forex liquidity remains low

Wednesday, 25th May 2022: The exchange rate between the naira and the US dollar closed at N418/$1 at the Investors and Exporters (I&E) window. Naira recorded a 0.24% gain against the US dollar on Wednesday to close at N418/$1 compared to N419/$1 recorded as of the close of trading activities on Tuesday, 24th May 2022. Also,… Continue reading Naira falls to N609/$1 at black market as forex liquidity remains low