EBC Financial Group, a retail broker in the FX and CFDs space, has enhanced its offerings to traders by partnering with veteran trader Joe DiNapoli and his company Coast Investment Software. The scope of the partnership involves the integration of DiNapoli’s indicators into its trading environment, along with workshops, talks, and seminars by expert traders. The broker announced the partnership in a ceremonial signing event in Bangkok, Thailand, where Finance Magnates participated.
According to the broker, the partnership with Joe DiNapoli “aims to provide investors with advanced insights and tools to master effective trading strategies.”
Partnership with a Veteran Trader
The DiNapoli indicators are based on the practical applications of Fibonacci Analysis, which Joe DiNapoli, a veteran trader with 56 years of experience, perfected. DiNapoli claims to have accurately predicted major market movements, including the drop of the Dow Jones Industrial Average in 1987 and several other peaks of gold and crude over the years.
“I was listening to my colleagues and thought, wouldn’t it be invaluable if we could predict where gold would be overbought tomorrow or where the S&P would be oversold?” DiNapoli said when explaining his thoughts behind developing and perfecting the technical indicators for trading.
A Young yet Growing Broker
The broker, headquartered in London, operates from offices in multiple cities globally, including Sydney, Hong Kong, Singapore, the Cayman Islands, Bangkok, and Limassol. It also sponsors Barcelona FC, one of the top football clubs in Spain, in a 3.5-year-long deal signed earlier this year.
Established only four years ago, EBC offers retail trading services with margin forex and CFDs of other popular asset classes. The broker operates with licences from regulators in the United Kingdom, Australia, and the Cayman Islands.
“The first thing to point out about regulation is not every jurisdiction is regulated, but it's important to work out that regulation affects every jurisdiction,” David Barrett, CEO of EBC Financial Group’s UK and Cayman entities, said while speaking at the Bangkok event. “The reality is that nobody can ignore regulation, the globalisation of economies, and the way that the market has joined itself across different jurisdictions, which means that it's here to stay.”
“It’s never been harder to be regulated… The world is full of different jurisdictions, but there is not one global regulator, and that's probably a good thing. If so, there are just too many jurisdictions, they have too many local nuances, and they would probably spend more time arguing with each other than getting anything done.”
Pointing at the priorities of the regulators, he said: “The regulators are really here to protect the retail consumer. They don’t mind about the big banks and professionals; they are very concerned about the retail traders.”
