Fazzaco Weekly Digest: MT4/5 Reinstated on AppStore; Trading Influencers Awards Is Coming; Exness Names Chief Customer Officer

1. BREAKING! MetaTrader 4/5 Reinstated on AppStore​

This just in from the tech world, as announced in this late Monday by MetaQuotes, the MetaTrader 4 and MetaTrader 5 Apps, two dominant trading apps among FX traders, have been reinstated on the AppStore after Apple took them off abruptly last September​. 

This comes after a lengthy process of restoring the apps back to the store, during which MetaQuotes worked tirelessly to provide Apple with extended explanations surrounding operational technicalities and further insights as requested.

2. Nominations for Trading Influencers Awards Open Soon

Trading Live, the leading live streaming platform specialized for traders and investors, has announced that the nomination for Trading Influencers Awards will officially open on March 13, 2023. Nominations are encouraged for all traders, investors, and financial influencers who have a passion and talent for trading and investing and make outstanding contribution to the industry. Trading Live also invites companies across financial industry to send a nomination for their team members, recognizing their great efforts and contribution in their work.

3. Finvasia's Fxview Secures FX License from South African Regulator​

Fazzaco learned that Fxview, one of Finvasia Group's online brokerages, has been fully licensed and regulated by the South African Financial Services Commission (FSCA). With this new regulatory permission that covers brokerage and portfolio management services, the broker is allowed to provide more clients with forex and CFD trading services in South Africa, an emerging market.

4. Listen to the Article: A Guide to HK SFC's Latest Consultation on Virtual Assets Regulation

On February 20th, 2023, the Securities and Futures Commission (SFC) of Hong Kong released a consultation paper titled "Proposed Regulatory Framework for Virtual Asset Trading Platform Operators Seeking to be Licensed by the Securities and Futures Commission". The paper proposed relaxing the ban on retail investors purchasing cryptocurrencies from licensed platforms, signaling an important step for the Hong Kong government in opening up the cryptocurrency trading sector. The mainland China-based People's Daily commented on this development, stating that it "signals the official recognition of virtual asset services in Hong Kong and their complete integration into regulation."

5. TEB Investment Launches a New Mobile Trading Platform by Devexperts​

Devexperts, a leading global software provider for the capital markets industry, has partnered with TEB Investment (TEB Yatırım), a subsidiary stock brokerage of Türk Ekonomi Bankası A.Ş, to deliver TEB YATIRIM TRADER, iOS and Android mobile banking apps for trading stocks, options, futures, and warrants. Through this partnership, clients of TEB Investment have the Turkish stock market at their fingertips.

6. Saxo Bank Reports a Continuous Dip in Total Trading Volume in February 2023

Saxo Bank, a Copenhagen-based retail FX and CFDs broker, unveiled an ongoing decline in its total trading volume for February 2023. The figure dropped 4.2 percent from the prior month’s $375.6 billion to $359.8 billion, and slumped 14 percent on a yearly basis.

Regarding the total daily average trading volume, the figure rose to $18 billion from January's $17.1 billion, as a result of a shorter month.

7. Damian Bunce Named as Chief Customer Officer at Exness​

Fazzaco learned that the global leader in multi-asset trading Exness has changed Damian Bunce’s position at the company, from Chief Trading Officer to Chief Customer Officer.

Based on his LinkedIn profile, Damian has remained in the role of Chief Trading Officer since his joining in January 2021, with a focus of leading the companies efforts to build trading products that are at the forefront of the industry. He also is Executive Group Member at the brokerage.