Latest news with #forex
Independent Singapore
12 hours ago
- Business
- Independent Singapore
Singapore ranks 2nd most 'investing-obsessed' country globally
SINGAPORE: Singapore has been ranked the second most 'investing-obsessed' country in the world, according to forex broker BrokerChooser . The study examined global search volumes of investment-related terms and found that Singapore had 22,527 such searches per million people each month. Only Australia ranked higher, with 29,359 searches. BrokerChooser analysed commonly searched phrases, such as 'how to trade forex,' 'which crypto to buy now,' and 'investing for beginners,' to rank each country. The report also revealed that Singaporeans are especially curious about crypto, which accounted for 8,108 of the monthly searches. Forex-related searches came next at 5,962, followed by general investing questions like 'how to invest my money' at 3,322. Other 'investing-obsessed' countries in the top 10 were Kenya (17,288), New Zealand (16,061), Canada (14,566), the UAE (13,904), the UK (12,655), Ireland (11,096), and the US (10,194), with Malaysia (8,589) completing the list. Adam Nasli from BrokerChooser said that while many people still hesitate to start investing, the growing curiosity worldwide shows that more are ready to move past hesitation and explore what's possible. 'Some of the biggest barriers tend to be a lack of knowledge and fear of losing money,' he noted, adding that learning about risk management and diversifying portfolios can help starting investors make informed decisions instead of reacting out of fear. 'Once you get past those initial hurdles, smart investing opens up real opportunities to build sustainable wealth. Rather than seeing it as a gamble, think of it as a strategic tool to achieve your financial goals,' he added. A separate survey from BrokerChooser also revealed that younger adults have become more interested in investing, with about 30% of Gen Z starting to invest while still in university or early adulthood . /TISG Read also: 'Equity', 'ETF', and 'GDP' are the top financial terms Singaporeans don't understand
Globe and Mail
a day ago
- Business
- Globe and Mail
Axi Invites Traders to Explore Their Funded Program With Free, and Early Access Profit-Sharing Perks
SYDNEY, June 19, 2025 (GLOBE NEWSWIRE) -- Leading online FX and CFD broker Axi is bringing back last year's standout promotion in its capital allocation offering, inviting more traders to reap the benefits of Axi Select. Throughout August 2025, all new and existing Axi Select clients in Seed – the first stage of the program – will receive access to $5,000 in trading capital and benefit from a generous 10% profit-sharing opportunity at month's end. This unique promotion allows traders to not only joining the broker's funded trading program for free but to also benefit from an exclusive profit-sharing opportunity – typically unavailable at the first stage. Profit-sharing is traditionally not available at Seed. At this stage, traders focus on solidifying their knowledge and skills using the Axi Select Trading Room and Dashboard. However, once they advance to Incubation – Axi Select's second stage – the structure changes significantly, with traders becoming eligible for a 40% profit-sharing from Axi funds, increasing up to 90% upon reaching the program's top milestone. This limited time offer aims to showcase the tremendous potential of Axi Select to a broader range of talented, ambitious traders. As Greg Rubin, Head of Axi Select, says: ' In August, we invite both new and existing traders to discover the innovation that is Axi Select. Axi Select is not just an empty promise of success – multiple traders have already secured the top funding amount of $1,000,000 USD. Our revolutionary, trader-centric program provides all the tools and support needed to guide your trading journey. ' Participation in the promotion is free and incurs no fees – the main requirements for new traders are to create their Axi Select account, fund it with at least $500, and qualify for the Seed stage before or during the promotional period. Trades placed in one's Axi Select account will be mirrored in their allocation account, where all profits generated from trading activity during this period will be subject to a 10% profit-share – automatically paid out at the end of month. Existing clients in Seed will automatically participate by placing trades between August 1 st and 31 st. Learn more about the Axi Select capital allocation program, here. About Axi Axi is a global online FX and CFD trading company, with thousands of customers in 100+ countries worldwide. Axi offers CFDs for several asset classes including Forex, Shares, Gold, Oil, Coffee, and more. For more information or additional comments from Axi, please contact: mediaenquiries@ The Axi Select program is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available to AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. *Standard trading fees and minimum deposit apply.
Reuters
2 days ago
- Business
- Reuters
South Korea to closely monitor financial markets, respond if needed
SEOUL, June 19 (Reuters) - South Korea's acting finance minister said on Thursday authorities would closely monitor financial markets and respond in a timely manner if necessary. Lee Hyoung-il said volatility has slightly heightened in the foreign exchange market and uncertainty was high over U.S. tariff policies and geopolitical tensions in the Middle East.
CNA
2 days ago
- Business
- CNA
BOK chief says he is not against won-based stablecoins but has forex concerns
SEOUL :South Korea's central bank governor said on Wednesday he was not against issuing won-denominated stablecoins but had concerns about managing capital flows. "Issuing won-based stablecoin could make it easier to exchange them with dollar stablecoin rather than working to reduce use of dollar stablecoin. That in turn could increase demand for dollar stablecoin and make it difficult for us to manage forex," Rhee Chang-yong told a press conference in Seoul. Stablecoins, a type of cryptocurrency designed to maintain a constant value – typically pegged 1:1 to the U.S. dollar – are widely used by crypto traders to move funds between tokens, and are starting to be adopted by more and more companies. Regulators in many countries are skeptical about cryptocurrencies as they are seen as speculative and as competitors to national currencies. Rhee's comments come as South Korea's left-leaning President, Lee Jae Myung, is seen delivering on his election pledge to allow companies to issue won-based stablecoins. The ruling Democratic Party proposed earlier this month the Digital Asset Basic Act, designed to set up regulatory infrastructure needed to help local companies issue won-denominated stablecoins. President Lee appointed a former crypto firm chief, Kim Yong-beom, as his chief policy officer in his first week in office, further boosting speculation that the government would take action to allow issuance of stablecoins backed by the Korean won. Kim has previously served as vice chairman of the Financial Services Commission before becoming chief executive of Hashed Open Research, a think tank affiliated with crypto venture capital firm Hashed Ventures Inc. Governor Rhee has previously told reporters that allowing stablecoins to be issued by local companies, rather than the central bank, could significantly undermine the effectiveness of monetary policy and capital flow control.
Yahoo
2 days ago
- Business
- Yahoo
BOK chief says he is not against won-based stablecoins but has forex concerns
By Cynthia Kim and Jihoon Lee SEOUL (Reuters) -South Korea's central bank governor said on Wednesday he was not against issuing won-denominated stablecoins but had concerns about managing capital flows. "Issuing won-based stablecoin could make it easier to exchange them with dollar stablecoin rather than working to reduce use of dollar stablecoin. That in turn could increase demand for dollar stablecoin and make it difficult for us to manage forex," Rhee Chang-yong told a press conference in Seoul. Stablecoins, a type of cryptocurrency designed to maintain a constant value – typically pegged 1:1 to the U.S. dollar – are widely used by crypto traders to move funds between tokens, and are starting to be adopted by more and more companies. Regulators in many countries are skeptical about cryptocurrencies as they are seen as speculative and as competitors to national currencies. Rhee's comments come as South Korea's left-leaning President, Lee Jae Myung, is seen delivering on his election pledge to allow companies to issue won-based stablecoins. The ruling Democratic Party proposed earlier this month the Digital Asset Basic Act, designed to set up regulatory infrastructure needed to help local companies issue won-denominated stablecoins. President Lee appointed a former crypto firm chief, Kim Yong-beom, as his chief policy officer in his first week in office, further boosting speculation that the government would take action to allow issuance of stablecoins backed by the Korean won. Kim has previously served as vice chairman of the Financial Services Commission before becoming chief executive of Hashed Open Research, a think tank affiliated with crypto venture capital firm Hashed Ventures Inc. Governor Rhee has previously told reporters that allowing stablecoins to be issued by local companies, rather than the central bank, could significantly undermine the effectiveness of monetary policy and capital flow control.
