AximTrade Partners with Italian Motor Manufacturer’s F1 Racing Team

AximTrade, an online financial services provider that offers forex, indices, metal and cryptocurrencies for trading online, has partnered with Alfa Romeo F1 Team ORLEN.

The Italian motor manufacturer, Alfa Romeo, currently participates as F1 Team Orlen while being operated by Sauber Motorsport AG.

Frédéric Vasseur, the Team Principal of Alfa Romeo F1 Team ORLEN, expressed his excitement at the collaboration, adding that both companies share a common philosophy.

“The world of Financial Services and Formula One may appear distant, but have lots in common: both are technology-driven, high-pressure realms where performance is ultimately down to the human factor,” Vasseur said.

He added: “AximTrade shares their philosophy with us – they pursue innovation for the ultimate result, and this is an important point connecting both companies.”

For his part, Kelvin Tang, the Chief Executive Officer of AximTrade, said the partnership validates the company’s values and is dedicated to technology and innovation.

“It is evident to see that Alfa Romeo F1 Team ORLEN pushes boundaries and outdoes themselves at each race, and we are looking forward to an exhilarating season together,” Tang added.

Global FX Trading

Finance Magnates Intelligence in a recent analysis based on data from cPattern found that January was the third month in a row of a continued decline in the size of total monthly deposits by forex traders.

On average, traders were depositing $12,774 for the whole month. In December, the deposited amount was $13,257. The highest result was seen in October when traders deposited an average of $14,401.

“Additionally, there was a decline in the deposits' area. Over the course of the entire month, traders on average removed $7,687 from their accounts, and it was the first decline in twelve months. The highest average withdrawal of $9,341 was seen in December,” Finance Magnates Intelligence reported.