These apps typically offer a variety of features, including real-time quotes, charting tools, and the ability to place trades. Most forex trading apps allow users to trade with leverage, which can help to increase profits or losses.

Leverage is a loan that the broker provides to the trader. This loan allows the trader to trade with more money than they have in their account.

However, it also increases the risk of loss. The RBI recently released a circular warning people about the risks of forex trading apps. The circular said that these apps are not regulated by the RBI and may not be legitimate. People should be careful about investing in forex trading apps. There is no guarantee that these apps are legitimate or that they will make you money.

If you invest in one of these apps, you could lose all of your money. Before investing in any forex trading app, make sure to do your research.

Check to see if the app is regulated by the RBI or any other financial regulator. Also, read reviews of the app to see what other users have to say about it.

Only invest in an app if you are confident that it is legitimate and that it will help you make money. The Reserve Bank of India RBI has recently issued a circular to all banks and financial institutions in the country, banning the use of popular forex trading apps. This move by the RBI comes as a surprise to many, as these apps have been extremely popular among traders and investors in recent years. The circular does not mention any specific apps, but it is believed that it applies to all forex trading apps that allow Indian residents to trade in foreign currencies.

This ban will come into effect from April 1, , and will impact a large number of people who have been using these apps to trade forex. If you are an Indian resident and have been using any forex trading app, we advise you to stop using it immediately and switch to another platform. On average, Forex traders earn between 5 to 10 pips per trade.

However, there are some traders who can earn up to pips or more per trade. LONDON Reuters - Britain's finance ministry said on Wednesday Bank of England intervention in the government bond market was needed to tackle "significant volatility" and market dysfunction, and any losses would be fully indemnified by the government.

Global Bonds Tumble Into Their First Bear Market in a Generation. Hawkish central banks send bonds tumbling along with stocks. Under pressure from central bankers determined to quash inflation even at the cost of a recession, global bonds slumped into their first bear market in a generation.

Breaking: UK annualized inflation leaps to UK CPI rises by Monthly UK CPI arrives at 0. Dollar DXY Tests New Lows After PPI Report. Traders bet that the Fed will raise the rate by just 50 bps at the next meeting. Breaking: US annual CPI inflation declines to 8. Inflation in the United States, as measured by the Consumer Price Index CPI , declined to 8. The European Central Bank ECB hiked interest rates by a larger than expected 50 basis points as the central bank tries to get to grips with runaway inflation.

Euro, bond yields jump on report ECB to discuss 50 bps rate hike this week. LONDON Reuters - The euro rose to its highest in almost two weeks and government bond yields in the euro area jumped on Tuesday after a source-based report that the European Central Bank would discuss whether to raise rates by 25 or 50 points at Thursday's meeting. Sterling surges vs weakening U. dollar, political risks caps rally. The Securities and Exchange Commission, SEC is a Government Agency Mandated to Regulate and Develop the Nigerian Capital Market.

SEC Towers, Plot , Samuel Adesujo Ademulegun Street, Central Business District , Abuja, FCT. Lagos 3, Idejo Street, Opposite ICON House, Off Adeola Odeku Street, Victoria Island P. B Marina Lagos State. Port-Harcourt 5b Isaiah Odolu Street, GRA phase 2 Port Harcourt Rivers State.

The Securities and Exchange Commission, SEC is a Government Agency Mandated to Regulate and Develop the Nigerian Capital Market. SEC Towers, Plot , Samuel Adesujo Ademulegun Street, Central Business District , Abuja, FCT.

Lagos 3, Idejo Street, Opposite ICON House, Off Adeola Odeku Street, Victoria Island P. B Marina Lagos State. Port-Harcourt 5b Isaiah Odolu Street, GRA phase 2 Port Harcourt Rivers State. The attention of the Securities and Exchange Commission SEC has been drawn to the increased advertisements in electronic and other media soliciting investors to engage in leveraged online retail forex trading.

The public is hereby advised that online retail forex trading is currently unregulated and consequently may be subject to abuse. Until a framework for regulation of online retail forex trading is developed by the SEC, any person participating or engaged in such investment activity does so at his or her own risk. Headquarters SEC Towers, Plot , Samuel Adesujo Ademulegun Street, Central Business District , Abuja, FCT. Public Notice: Online Retail Foreign Exchange Forex Trading.

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The attention of the Securities and Exchange Commission SEC has been drawn to the increased advertisements in electronic and other media soliciting investors to engage in leveraged online retail forex trading. Kalmykia: A Buddhist Enclave in Europe. MetaTrader Are they legit? Until a framework for regulation of online retail forex trading is developed by the SEC, any person participating or engaged in such investment activity does so at his or her own risk. Contact Us.

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