Brokers News 

GAIN Capital Adds to Broker Worries About Low Maximum Leverage

“The parent company of Forex.com and City Index, GAIN Capital, has announced the market open in the US, outlining its concerns about new upcoming ESMA regulations” reports financemagnates.com. GAIN Capital also highlights that client on-boarding protective measures available to ESMA and the FCA, including requiring enhanced screening of potential clients and higher capital requirements for brokers. Source: financemagnates.com Share This:

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Brokers News 

A day in the life of a power real estate broker who sells penthouses worth millions

“Compass President Leonard Steinberg has been responsible for more than $3 billion in transactions in his career as a real estate broker” writes Sarah Jacobs for businessinsider.com. Steinberg’s move over to Compass — a real estate company that launched in 2013 and prioritizes data and technology — came as a surprise to many in the the industry. Source: businessinsider.com Share This:

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Brokers News 

What Can Brokers do to Maximize Customer Service

“As a result, your Head of Customer Service might reduce the time spent on customer service and direct follow-ups, and decide to shift the whole process to an unreliable automated solution” reports financemagnates.com. Here’s what you should do, as a broker, to ensure an impeccable customer service.Doing so has helped us at Amana Capital in identifying our shortcomings and optimizing the quality of our customer service.There are plenty of other brokers out there, and there’s only one way to distinguish yourself from your rivals – customer service.If they contact your…

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Brokers Crypto News 

No refund for Tezos contributors, cryptocurrency broker says

“Nikolajsen said the broker issued its statement, which was released Monday, after receiving emails from concerned participants in the Tezos fundraiser” writes Min Read for reuters.com. ZURICH/LONDON (Reuters) – Backers of the embattled Tezos tech project should not expect to receive refunds, according to the Swiss cryptocurrency broker that helped it raise $232 million in July.The participants made their contributions in bitcoins and another cryptocurrency, ether, which have since jumped in value. Source: reuters.com Share This:

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Brokers Markets News 

If the price is right! When can a broker cancel profitable trades?

“Each tradable instrument has a market price that consists of a buy and a sell price” reports financefeeds.com. There is no such thing as zero spread / zero commissions as a retail broker (tier one or two).The prime of prime broker is providing a wholesale service.The first level in most of the cases will be your Prime of Prime broker who has access to the interbank liquidity and ability to pass orders through.At the prime of prime and interbank levels there is no off market pricing. Source: financefeeds.com Share This:

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Brokers News 

How to find a trusted mortgage broker

“We usually recommend that you talk to a mortgage lender, mortgage broker, local bank and local credit union when searching for a lender” reports washingtonpost.com. Q: We’ve been working with a great real estate agent who was recommended to us by a trusted friend.If you trust the agent and trust the mortgage broker, you might be all set.We’ve found that most real estate agents want to work with good mortgage brokers and lenders to get their deals done.In the grand scheme of things, you have a mortgage broker you like, the…

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Brokers Crypto News Platforms 

UK-Based OTC Broker Tickmill Enables Bitcoin Support

“Tickmill, a UK-based OTC exchange, has now ventured into the Bitcoin world” writes Jp Buntinx for livebitcoinnews.com. This is yet another mainstream trading platform focusing on cryptocurrencies during this critical moment in time.With Tickmill now adding Bitcoin functionality to their platform, things will get pretty interesting. Source: livebitcoinnews.com Share This:

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Brokers News 

Tony Robbins: 7 questions you must ask to keep a financial adviser honest

“By making sure to ask these seven questions of a financial adviser, or any adviser, you are considering: If the answer is no, this adviser is a broker” writes Tony Robbins for marketwatch.com. What financial planning services do you offer beyond investment strategy and portfolio management?. A fiduciary adviser should always use a third-party custodian to hold your funds.Yet financial advisers get a free pass.That’s because Its not enough that your financial adviser is an independent RIA. You need to be careful that the RIA is not also a broker. Source:…

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Brokers News 

Insider Q&A: Health insurance broker sees challenges brewing

“Health insurance broker Liz Gallops can quickly list the obstacles that lie ahead in the upcoming enrollment window” reports foxbusiness.com. The Trump administration has slashed funding for consumer helpers called “navigators” who are trained to assist shoppers with marketplace coverage options.It begins Nov. 1 and concludes Dec. 15 during a busy year-end period when many people have holidays or tasks other than selecting health coverage on their minds.Gallops, an independent broker who helps people buy coverage both on and off the ACA marketplaces, spoke recently with The Associated Press. For…

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