China is gradually changing and opening its doors to the world in an effort to stabilize the financial sector and effectively fight the ongoing economic stagnation. Already in October 2016, the Chinese currency RMB will complete the basket of SDR (Special Drawing Right) currencies of the International Monetary Fund (MFW).
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Finance Magnates in the latest issue of the Quarterly Industry Report seeks to answer the question how it could affect the trading industry.
The decision to include the Chinese yuan (renminbi) in the Special Drawing Right (SDR) took place in November 2015. According to the MFW’s report, RMB meets all the criteria that are necessary to be a part of the basket, which until now consisted of the US dollar, the euro, the Japanese yen and the British pound.
The Managing Director of the IMF, Christine Lagarde, stated at the time of the announcement: “The Executive Board’s decision to include the RMB in the SDR basket is an important milestone in the integration of the Chinese economy into the global financial system. It is also a recognition of the progress that the Chinese authorities have made in the past years in reforming China’s monetary and financial systems. The continuation and deepening of these efforts will bring about a more robust international monetary and financial system, which in turn will support the growth and stability of China and the global economy.”
Forced to permit free transactions
FX and contracts for difference (CFDs) brokerages are already rubbing their hands, hoping that the widening of the IMF’s currency basket may force the Chinese government to allow their citizens to perform open and free financial transaction with foreign institutions and entities. Until now, the citizens of the Middle Kingdom have grappled with numerous investing problems, such as the limitation on exchanging and sending abroad more than $50,000 a year per person.
However, those who suggest that current changes might mean the dethroning of the greenback are probably too optimistic and wrong. The addition of the RMB will affect mainly the European currency, and not the US one. The presence of the USD in the basket will be reduced by only 0.17%, and the euro by over 7%. Renminbi will take the third position with 10.92%.
Possible implications for online brokers?
Market experts, including Itai Damti, CEO Asia Pacific at brokerage solution provider Leverate, warn however not to fall into excessive enthusiasm. It might be some time before the full liberalization of trade on RMB crosses takes place.
What is more, in the case of the range of instruments used by Chinese traders – who make up a huge potential market for brokerages – we should not expect too many changes. Currently USD/CNH provides a very small part of trading volumes in the Middle Kingdom. Gold, commodities and majors are definitely more popular assets.
In summary, the changes are certainly a move in the right direction, but it is hard to expect that free cash flow (excluding capital controls) will be implemented in the near future (if ever). It does not change the fact that since October 2016, brokers should receive a number of new opportunities to reach Asian customers and retail traders.
Want know more about the market in China? Get the brand new FM Intelligence Report.
China is gradually changing and opening its doors to the world in an effort to stabilize the financial sector and effectively fight the ongoing economic stagnation. Already in October 2016, the Chinese currency RMB will complete the basket of SDR (Special Drawing Right) currencies of the International Monetary Fund (MFW).
[gptAdvertisement]
Finance Magnates in the latest issue of the Quarterly Industry Report seeks to answer the question how it could affect the trading industry.
The decision to include the Chinese yuan (renminbi) in the Special Drawing Right (SDR) took place in November 2015. According to the MFW’s report, RMB meets all the criteria that are necessary to be a part of the basket, which until now consisted of the US dollar, the euro, the Japanese yen and the British pound.
The Managing Director of the IMF, Christine Lagarde, stated at the time of the announcement: “The Executive Board’s decision to include the RMB in the SDR basket is an important milestone in the integration of the Chinese economy into the global financial system. It is also a recognition of the progress that the Chinese authorities have made in the past years in reforming China’s monetary and financial systems. The continuation and deepening of these efforts will bring about a more robust international monetary and financial system, which in turn will support the growth and stability of China and the global economy.”
Forced to permit free transactions
FX and contracts for difference (CFDs) brokerages are already rubbing their hands, hoping that the widening of the IMF’s currency basket may force the Chinese government to allow their citizens to perform open and free financial transaction with foreign institutions and entities. Until now, the citizens of the Middle Kingdom have grappled with numerous investing problems, such as the limitation on exchanging and sending abroad more than $50,000 a year per person.
However, those who suggest that current changes might mean the dethroning of the greenback are probably too optimistic and wrong. The addition of the RMB will affect mainly the European currency, and not the US one. The presence of the USD in the basket will be reduced by only 0.17%, and the euro by over 7%. Renminbi will take the third position with 10.92%.
Possible implications for online brokers?
Market experts, including Itai Damti, CEO Asia Pacific at brokerage solution provider Leverate, warn however not to fall into excessive enthusiasm. It might be some time before the full liberalization of trade on RMB crosses takes place.
What is more, in the case of the range of instruments used by Chinese traders – who make up a huge potential market for brokerages – we should not expect too many changes. Currently USD/CNH provides a very small part of trading volumes in the Middle Kingdom. Gold, commodities and majors are definitely more popular assets.
In summary, the changes are certainly a move in the right direction, but it is hard to expect that free cash flow (excluding capital controls) will be implemented in the near future (if ever). It does not change the fact that since October 2016, brokers should receive a number of new opportunities to reach Asian customers and retail traders.
Want know more about the market in China? Get the brand new FM Intelligence Report.
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
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🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
