Samtrade FX, a leading online trading broker that is committed to giving traders safe, easy, and inexpensive access to Forex and Contracts for Difference (CFD) trading, today announced that it has been registered and authorized as a FCA Designated Representative (reference number) : 929921), implementation regulator for financial services companies and financial markets in the United Kingdom (United Kingdom).
This latest license strengthens Samtrade FX’s ability to operate as an official and trusted financial service provider for securities in various regions.
As the main regulatory body that carries out a supervisory role over financial institutions in the UK, the FCA secures the right level of protection for consumers and maintains the integrity of the UK financial system market. Anti-Money Laundering (AML), for example, is the main focus of the FCA. To ensure it continues to comply with FCA-specific AML compliance regulations – such as monitoring for suspicious activity and conducting risk assessments, Samtrade FX recently appointed Vic Tham, a veteran in the area of risk and compliance, as Global Chief Risk and Compliance. Officer
In addition, Samtrade FX announced that it has obtained an Australian Financial Services (AFS) license (registration number: 001281861) from ASIC, an independent Australian government body that acts as a regulator of Australian companies. With FCA and AFS licenses, Samtrade FX can now offer financial product advice, provide deposit or deposit services, and handle securities on behalf of new and existing clients in Europe and Asia.
This license complements the International Business Corporation (IBC) license granted to Samtrade FX (registration number: 25290 IBC 2019) by the Saint Vincent and Grenadines Financial Services Authority, to allow businesses to deal with securities as Principal. Samtrade FX is also regulated (registration number: M19977589) by the Canadian Center for Financial Transactions and Analysis Reports (FINTRAC) as a Money Services Business (MSB).
“Since the merger, ensuring trust and trust in every trade has been central in everything we do,” said Sam Goh, Founder and CEO, Samtrade FX. “These additional layers of regulation – on top of existing licenses owned by Samtrade FX, strengthen our commitment to set the highest standards possible in corporate governance, trading experience and client satisfaction. This also enhances SamAideTM, which offers clients secure funds to trade with peace of mind. “
SamAideTM is a Samtrade FX Secure Fund Coverage framework consisting of five pillars – holding all clients’ money in separate custodian accounts under a strict legal guardianship framework with appropriate custodial functions; third party insurance with The Eye Protection Center (EPC) for protection of additional funds; professional compensation protection with Howden Insurance Brokers; Samtrade FX is a member of The Financial Commission, which acts as a neutral and independent committee that fairly reviews and settles disputes in the financial services industry on the Forex market; and protection of negative balances on all accounts.
Founded in 2015, Samtrade FX has progressively expanded its operations and market reach, which now includes Europe, Southeast Asia and Greater China, as well as customized service delivery for all more than 50,000 clients and more than 150 partners. “Our comprehensive technology infrastructure has ensured rapid execution of client trades without complications and minimal technical problems. This technological arrangement, together with our continued determination to comply with new regulatory standards, is the basis on which we do business and differentiate ourselves, and this approach has been validated by a growing list of retail and institutional clients who turn to us for flawless service, “Goh said.
The Samtrade FX trading platform provides real-time price quotes and trade execution, advanced chart making with various time frames, pip value calculators, and financial market news, etc. To ensure a smooth trading experience for clients, Samtrade FX uses the MetaTrader 4 platform, which is available for download on Windows, Apple Store and Google Play. It also offers its own mobile application,
SamAppTM, which allows clients to access key functions such as funding, account details, and transaction history, etc., and is available for download on Google Play. SamAppTM will be available on the Apple Store in the coming weeks.
BERLIN _ Warning has been heard that the second wave of pandemic coronavirus has hit Germany when the daily infection rate rises, with the government’s infectious disease agency also saying it is deeply concerned.
“The second wave of coronavirus is already here. It’s happening every day. We have a new group of infections every day that could be a very high number,” Michael Kretschmer, prime minister of the eastern state of Saxony, told Rheinische on Saturday. Post newspaper.
Kretschmer’s comments came a day after the Robert Koch Institute (RKI) government noted a significant increase in new infections every day from around 500 to more than 800 at one point last week.
“This development is very worrying and will continue to be monitored very closely by RKI,” a spokesman told dpa on Friday night. “Further exacerbations of the situation must be avoided.”
Health authorities in Germany reported 781 new infections in the 24 hours to midnight (2200 GMT) on Friday, according to the agency. The previous day the number was 815.
This means that at least 204,964 people in Germany have been infected with the corona virus since the start of the outbreak, RKI reported on Saturday morning, while 9,118 people infected with the virus have died to date, an increase of seven compared to the previous day.
An estimated 189,800 people have recovered from infection on Saturday morning.
Germany has gradually lifted strict restrictions imposed in mid-March to slow the spread of the virus.
When public life was reopened, the government launched a coronavirus tracking application in mid-June that was designed to warn people about possible contact with the virus and trace the chain of infection.
Since then it has been downloaded 16.2 million times, although it began to come under fire this week after extensive operating problems arose.
The Ministry of Health has confirmed that the problem not only affects Android smartphone users but also iPhone users.
The problem is with the continuous update function that is intended to run in the background to exchange anonymous code; However, the operating system often disables this when the application is not open to save battery.
“Now, on more and more smartphones, contact verification is said to be uneven. This worries more than 15 million users,” the German Foundation for Patient Protection said on Saturday, calling for an explanation from Health Minister Jens Spahn.
Then on Saturday, application developers, software giant SAP and telecommunications company Deutsche Telekom, said they had published an update that they said had fixed the problem on the iPhone.
Similar updates have been available for Android users for several days.
The disaster of the application coincides with some terrible data from RKI.
The final reproductive rate, which measures the ability of the disease to spread, is 1.24, up from 1.08 the previous day, which means that the average infected person infects more people.
This number, also known as the R-value, has a lag time of about one and a half weeks. RKI has repeatedly stressed that for the outbreak to subside gradually, this number must remain below 1.
RKI also measures the seven-day R value that is not too affected by daily fluctuations. The latest value is 1.25, up from 1.16 the previous day.
Although the number of new cases is increasing throughout the country, the RKI said on Friday that more than 60 percent was caused by increased infections in the western state of North Rhine Westphalia and in the southwestern state of Baden-Wuerttemberg.
Regarding the recent increase in the number of new corona virus infections in Germany, Minister of Health Spahn said that this “must be done primarily with travel activities, returning travelers from certain regions, some of them Western Balkans, Turkey.”
He said that even travel between various German federal states “carries the appropriate risk if we do not recognize it.”
“What we have now is a lot of smaller outbreaks,” Spahn said.
“(The question now is) whether this will turn into waves or whether we will be able to solve it together in time, that is, quickly identify and quickly disrupt the infection chain. This requires targeted and extensive testing.”
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Last updated when July 22, 2020 11:50 a.m.
Dunya News has obtained CCTV footage of both incidents.
KARACHI (Dunya News) – Criminal activity in Karachi has begun to increase when robbers looted a cellphone shop and stole a panel of cars in two separate incidents, Dunya News reported on Wednesday.
According to details, bandits robbed a cellphone shop in broad daylight in the Metroville area in the metropolis. The face of one of the robbers is closed while the other is not.
In another incident, the suspect stole the panel of a car in Gulistan-e-Johar while holding a security guard hostage at gunpoint. This is the third incident of street crime in block 7 of Gulistan-e-Johar for two months.
Dunya News has obtained CCTV footage of both incidents while police are searching for criminals.