InvestMacro

Article By RoboForex.com

EURUSD, “Euro vs US Dollar”

EURUSD is trading at 1.1253; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.1265 and then resume moving downwards to reach 1.1145. Another signal in favour of a further downtrend will be a rebound from the downside border of the Triangle pattern. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 1.1325. In this case, the pair may continue growing towards 1.1415. To confirm further decline, the asset must break the support level and fix below 1.1205.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7105; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s upside border at 0.7125 and then resume moving downwards to reach 0.6965. Another signal in favour of a further downtrend will be a rebound from the rising channel’s downside border. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 0.7190. In this case, the pair may continue growing towards 0.7280.

BRENT

Brent is trading at 71.00; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 73.05 and then resume moving downwards to reach 63.45. Another signal in favour of a further downtrend will be a rebound from the descending channel’s upside border. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 75.65. In this case, the pair may continue growing towards 77.65.

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Article By RoboForex.com

EURUSD, “Euro vs US Dollar”

As we can see in the H4 chart, EURUSD is trading not from the “oversold area”. In this case, the price is expected to rebound from 0/8 and then resume growing to reach the resistance at 2/8. Still, this scenario may no longer be valid if the price breaks 0/8 to the downside. After that, the instrument may fall towards the support at -2/8.

In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue its growth.

GBPUSD, “Great Britain Pound vs US Dollar”

In the H4 chart, GBPUSD is trading below the 200-day Moving Average, thus indicating a descending tendency. In this case, the price is still expected to test 4/8, break it, and then continue falling towards the support at 3/8. However, this scenario may no longer be valid if the price breaks 5/8 to the upside. After that, the instrument may correct to reach the resistance at 6/8.

As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue trading downwards.

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

by JustForex

The EUR/USD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.1329
• Prev Close: 1.1236
• % chg. over the last day: -0.83%

The German producer price index, which shows the inflation rate between factories and large companies, reached a new absolute record of 19.2% on an annualized basis. High energy prices remain a major factor in the rise in inflation. Energy prices increased by 49.4% this year due to a strong increase in natural gas prices of 83.4%. Spain’s inflation rate reached 5.5%. This is less than forecast, but inflation is at its highest level in 29 years, and it is rising faster than wages. The consumer price index in the Eurozone remained at 4.9% as expected.

Trading recommendations

• Support levels: 1.1230, 1.1168
• Resistance levels: 1.1265, 1.1323, 1.1360, 1.1436, 1.1535, 1.1613, 1.1667, 1.1717

From a technical point of view, the EUR/USD on the hour time frame is still bearish. The price is trading in a wide corridor. Against the background of a sharp strengthening of the dollar index on Friday, the EUR/USD quotes fell sharply. The MACD indicator has become negative, sellers’ pressure prevails. Under such market conditions, traders should consider sell positions from the resistance levels around the moving average. Buy trades can be considered on the lower time frames after the price fixes above the level of 1.1265.

Alternative scenario: if the price breaks out through the 1.1360 resistance level and fixes above, the mid-term uptrend will likely resume.

There is no news feed for today.

The GBP/USD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.3318
• Prev Close: 1.3235
• % chg. over the last day: -0.63%

UK retail sales increased by 1.4% in November; a rise of 0.8% was expected. Omicron strain infections in the UK continue to rise before the Christmas holidays. Official figures show a 52% increase in illnesses over the past week. Across the country, Premier League games, which have always been considered the most popular entertainment for Brits over the Christmas vacations, have begun to be canceled.

Trading recommendations

• Support levels: 1.3220, 1.3189
• Resistance levels: 1.3272, 1.3301, 1.3365, 1.3434, 1.3507, 1.3575, 1.3685

On the hourly time frame, the trend on GBP/USD is still bullish. But the rise in the dollar index led to the weakening of the British currency. The MACD indicator has become negative, sellers’ pressure prevails. Under such market conditions, traders should consider buy positions from the nearest support levels but only with additional confirmation in the form of a buyers’ initiative. Sell trades can be considered from the resistance levels near the moving average.

Alternative scenario: if the price breaks down through the 1.3189 support level and consolidates below, the bearish scenario will likely resume.

There is no news feed for today.

The USD/JPY currency pair

Technical indicators of the currency pair:

• Prev Open: 113.62
• Prev Close: 113.70
• % chg. over the last day: +0.07%

From a fundamental point of view, the monetary policy of the Bank of Japan is aimed at active economic stimulation, while the US Federal Reserve, on the contrary, accelerated the reduction of the quantitative easing program last week. Such a situation is in favor of further growth of USD/JPY quotes.

Trading recommendations

• Support levels: 113.30, 112.62, 112.30
• Resistance levels: 113.95, 114.17, 115.15, 115.50

The global trend on the USD/JPY currency pair is bearish. The price failed to break out through the f priority change level and again returned to the wide corridor. Under such market conditions, traders can look for sell positions from the resistance level of 113.95, but with additional confirmation. Buy positions should be considered from the 113.30 support level, but with additional confirmation in the form of a buyers’ initiative or after the price breaks out the priority change level.

Alternative scenario: if the price rises above 114.17, the uptrend will likely resume.

There is no news feed for today.

The USD/CAD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.2773
• Prev Close: 1.2887
• % chg. over the last day: +0.89%

Federal Reserve officials said Friday that the first interest rate hike may come as soon as March. Investors began to shift their portfolios back to “cash”, which led to an increase in the dollar index. The rise in the dollar led to a decline in major currencies against the US dollar. The Canadian dollar is a commodity currency, so it is highly correlated with both the dollar index and oil prices. Oil prices are declining sharply amid the rapid spread of the Omicron strain. All of these factors are weakening the Canadian currency.

Trading recommendations

• Support levels: 1.2828, 1.2721, 1.2677, 1.2638
• Resistance levels: 1.2918, 1.2951

From a technical point of view, the USD/CAD currency pair trend is bullish. The MACD indicator has become positive, the buyers’ pressure has increased, there are no signs of reversal at the moment. Under such market conditions, it is better to look for buy deals from the support levels near the moving average on the lower time frames. Sell deals should be considered from the false breakout area, but with additional confirmation in the form of a sellers’ initiative.

Alternative scenario: if the price breaks down through the 1.2766 support level and fixes below, the downtrend will likely resume.

There is no news feed for today.

by JustForex

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

by JustForex

Last week, investors were focused on the decision of the central banks in the United States, Great Britain, Switzerland, Japan, the Eurozone, and closely watched inflation data in European countries, Great Britain, and Canada. Following Wednesday’s FOMC meeting, the US Federal Reserve doubled the pace of reducing the quantitative easing program to $30 billion a month. At the same time, Fed officials forecast 3 rate hikes in 2022 and 3 rate hikes in 2023. On Thursday, the Bank of England unexpectedly raised its key rate to 0.25% from 0.1%. At the same time, the central bank has left the volume of the program of state bond purchase at the level of 875 billion pounds.

The European Central Bank left monetary policy unchanged but raised its inflation forecasts and lowered expectations for economic growth in 2022 because of the Omicron option. The Swiss National Bank (SNB) stayed true to its ultra-soft monetary policy, deviating from its tightening course. As for inflation, the consumer price index and the producer price index broke records in nearly all countries.

It is not surprising that more and more central banks are turning to more aggressive measures to fight inflation, from cutting stimulus programs to raising interest rates. Federal Reserve officials said on Friday that the first interest-rate hike could come as soon as March. Investors began shifting their portfolios back to the “cash,” which led to an increase in the dollar index and a decrease in the stock indices quotes.

The US stock market closed in the red area on Friday. The Financial sector fell by 2% as 10-year yields fell below 1.4% due to concerns about the impact of the Omicron strain. The Dow Jones index (US30) decreased by 1.48% (-1.65% for the week), the S&P 500 index (US500) decreased by 1.03% (-1.90% for the week), and the NASDAQ technology index (US100) lost 0.07% and became the leader of the fall for the week (-2.89%) among US indices.

A Goldman Sachs study found that the US stock market has grown very disproportionately over the past year. The giants TSLA, NVDA, GOOGL, MSFT, and AAPL showed 35% growth in the S&P 500 index. And if you look at April, they gave a total of 50%. FB and AMZN increased slightly, and the remaining 493 companies in the index traded within +-2% over the past year.

At the end of each year, the largest investment companies evaluate the prospects for markets and give forecasts for the main stock indices. JPMorgan Chase Bank predicts growth in the US stock market next year. Analysts expect the rise of the S&P 500 index (US500) to 5050 points. The potential growth from current levels is about 8%. The chief strategist of Goldman Sachs, David Kostin, expects that by the end of 2022, the S&P 500 (US500) index will rise to 5100 points (+9%) due to the continued growth of corporate earnings. Morgan Stanley expects the S&P 500 (US500) index to decline to 4,400 points over the next 12 months.

Pharmaceutical company Pfizer expects sales of the Covid-19 vaccine to be about $31 billion in 2022.

The World Health Organization said a variant of the Omicron coronavirus had been detected in 89 countries. According to the study, the probability of re-infection with Omicron is five times higher than that of the Delta. Scientists predict that Omicron will lead to record hospitalizations and tremendous strain on health care systems in all countries.

European stock indexes were traded without a single dynamic on Friday. British FTSE 100 (UK100) gained 0.13% on Friday (-0.30% for the week), German DAX (DE40) decreased by 0.67% (-0.78% for the week), Spanish IBEX 35 (ES35) decreased by 0.82% (-0.78% for the week) and French CAC 40 (FR40) lost 1.12% and became the leader of the fall among the main European indices.

France’s consumer price index increased to 2.8% in November. According to INSEE, the main reasons for the increase were energy prices, industrial goods, and services. Spain’s inflation rate reached 5.5%. This is lower than forecast, but the overall picture remains the same: inflation is at its highest level in 29 years and is rising faster than wages. Germany’s statistical data showed that producer price inflation reached its highest level since 1951 at 19.2%.

Consumer prices in the Eurozone remained at a 4.9% level. Omicron strain infections continue to rise in the UK. The Netherlands imposed a lockdown until January 16 due to an increase in Omicron cases: stores, bars, restaurants, and other public places of prime necessity will be closed from December 19.

The EU has extended sanctions against Russia for six months.

Asian markets mostly traded in negative territory on Friday. Japan’s Nikkei 225 (JP225) decreased by 1.79% (-0.56% for the week), Hong Kong’s Hang Seng (HK50) decreased by 1.20% (-4.33% for the week), and Australia’s S&P/ASX 200 (AU200) added 0.11% (-0.67% for the week). China’s central bank cut its benchmark interest rate for the first time since the pandemic. The People’s Bank of China cut the one-year lending rate to 3.8% from 3.85%. The five-year lending rate remained unchanged from the previous month at 4.65%. In China, domestic gasoline and diesel prices have been lowered since December 18.

At the commodities market, futures on orange juice (+9.03%), timber (+1.85%), and palladium (+1.5%) showed the biggest gains by the end of the week. Futures on natural gas (-6.52%), Brent oil (-3.03%), sugar (-2.94%), and WTI crude oil (-2.13%) showed the biggest drop.

Oil prices fell again last week, and gold closed above $1,800 a troy ounce for the first time in a month. The decline in oil prices has been attributed to Omicron fears, leading to a drop in fuel demand and last week’s sharp drop in crude inventories. Gold ended the week with 1.1% growth, its highest weekly gain since early November. The rise in gold came after the Federal Reserve announced its heightened concern over inflation in the US and began cutting the QE program more quickly while scheduling several interest rate hikes next year. On the one hand, this should, on the contrary, have led to a decline in gold prices. But because of high inflation and low prices for the “yellow metal,” investors began to buy gold again as a hedge against inflation.

Main market quotes:

S&P 500 (F) (US500) 4,620.64 −48.03 (−11.03%)

Dow Jones (US30) 35,365.44 −532.20 (−11.48%)

DAX (DE40) 15,531.69 −104.71 (−10.67%)

FTSE 100 (UK100) 7,269.92 +9.31 (+0.13%)

USD Index 96.57 +0.63 (+0.66%)

• – Australia Mid-Year Economic and Fiscal Outlook at 02:30 (GMT+2);
• – China PBoC Loan Prime Rate (m/m) at 03:30 (GMT+2).

by JustForex

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex

The major currency dropped and is currently trading at 1.1260. The currency market is taking a huge interest in “safe haven” assets and that’s a perfect reason for the “greenback” to rise.

Coronavirus-related fears are once again ruling the world. After Bloomberg reported a possibility of new anti-COVID restrictions in Europe, the Netherlands-style, many investors rushed off to “safe haven” assets to avoid risks.

Is Europe likely to introduce more lockdowns? No one should exclude this possibility and this fact provides the “greenback” with huge support, keeping the demand for the American currency quite high.

Another thing in favour of the USD is the Fed’s intention to quickly taper the QE programme and start discussing the rate hike as early as June 2022.

In the H4 chart, EUR/USD is correcting downwards to reach 1.1200 and may later consolidate there. If the price breaks the range to the upside, the market may start a new growth with the target at 1.1291. From the technical point of view, this scenario is confirmed by MACD Oscillator: its signal line is moving below 0 and may later continue falling towards new lows.

As we can see in the H1 chart, EUR/USD is forming another descending structure with the short-term at 1.1213 and may later start a new correction towards 1.1280. After that, the instrument may resume falling and finish this descending wave at 1.1200. From the technical point of view, this idea is confirmed by the Stochastic Oscillator: its signal line is moving above 80, which means that the asset may complete the ascending structure soon and the line may continue its movement to reach new lows.

Disclaimer

Any forecasts contained herein are based on the author’s particular opinion. This analysis may not be treated as trading advice. RoboForex bears no responsibility for trading results based on trading recommendations and reviews contained herein.

Article By RoboForex.com

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is trading at 1.3333; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.3275 and then resume moving upwards to reach 1.3495. Another signal in favour of a further uptrend will be a rebound from the support level. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 1.3180. In this case, the pair may continue falling towards 1.3095.

XAUUSD, “Gold vs US Dollar”

XAUUSD is trading at 1802.00; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 1785.00 and then resume moving upwards to reach 1845.00. Another signal in favour of a further uptrend will be a rebound from the descending channel’s upside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 1770.00. In this case, the pair may continue falling towards 1745.00.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is trading at 0.9182; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 0.9210 and then resume moving downwards to reach 0.9105. Another signal in favour of a further downtrend will be a rebound from the rising channel’s downside border. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 0.9255. In this case, the pair may continue growing towards 0.9345.

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Article By RoboForex.com

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, after forming several reversal patterns, including Inverted Hammer, close to the support level, USDCAD may reverse in the form of another rising wave. In this case, the upside target may be the resistance area at 1.2900. However, an alternative scenario implies that the asset may correct to reach 1.2740 first and then resume trading upwards.

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD has formed a Hammer reversal pattern near the support area. At the moment, the asset is reversing in the form of another rising impulse. In this case, the upside target may be the resistance level at 0.7290. At the same time, an opposite scenario implies that the price may continue falling to reach 0.7090 before resuming its ascending tendency.

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, after testing the support area, the pair has formed several reversal patterns, for example, Hammer. At the moment, USDCHF may reverse in the form of a new rising wave towards the resistance level. In this case, the upside target may be at 0.9275. Still, there might be an alternative scenario, according to which the asset may continue falling to reach 0.9155 before resuming its growth.

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

by JustForex

The EUR/USD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.1287
• Prev Close: 1.1330
• % chg. over the last day: +0.38%

The ECB expectedly kept the base interest rate at zero level, while the deposit rate was left at minus 0.5%. The ECB will end its PEPP program in March 2022. The ECB can also extend PEPP reinvestment until at least the end of 2024. With a high probability, investors should not expect the ECB to raise interest rates in 2022. Eurozone inflation data will be released today.

Trading recommendations

• Support levels: 1.1323, 1.1265, 1.1230, 1.1168
• Resistance levels: 1.1360, 1.1436, 1.1535, 1.1613, 1.1667, 1.1717

From a technical point of view, the EUR/USD on the hour time frame is still bearish. The price is trading in a wide corridor. Yesterday, there was an attempt to break out through the priority change level, but the sellers were stronger. The MACD indicator became positive, and the buyers’ pressure is still strong. Under such market conditions, traders should consider sell positions from the priority change level, but with additional confirmation. Buy trades can be considered after a true breakout of the priority change level.

Alternative scenario: if the price breaks out through the 1.1360 resistance level and fixes above, the mid-term uptrend will likely resume.

News feed for 2021.12.17:

• – Germany IFO Business Climate Index (m/m) at 11:00 (GMT+2);
• – Eurozone Consumer Price Index (m/m) at 12:00 (GMT+2);
• – US FOMC Member Wallers’ speech at 20:00 (GMT+2).

The GBP/USD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.3256
• Prev Close: 1.3324
• % chg. over the last day: +0.52%

The Bank of England unexpectedly raised its key interest rate to 0.25% from 0.1%. At the same time, the central bank left the volume of the government bond-buying program at 875 billion pounds. According to the Bank of England forecasts, inflation may reach 6% in the coming months.

Trading recommendations

• Support levels: 1.3301, 1.3272, 1.3220, 1.3189
• Resistance levels: 1.3365, 1.3434, 1.3507, 1.3575, 1.3685

On the hourly time frame, the trend on GBP/USD has changed to bullish. An interest rate hike from the central bank played a key role. The price broke through the priority change level and closed higher. The MACD indicator became positive. Under such market conditions, traders should consider buy positions from the support levels near the moving average. Sell trades can be considered from the resistance levels of the higher time frame, but only with additional confirmation; as an option – to sell after a false breakout of the 1.3365 level.

Alternative scenario: if the price breaks down through the 1.3189 support level and consolidates below, the bearish scenario will likely resume.

News feed for 2021.12.17:

• – UK Retail Sales (m/m) at 09:00 (GMT+2).

The USD/JPY currency pair

Technical indicators of the currency pair:

• Prev Open: 113.98
• Prev Close: 113.69
• % chg. over the last day: -0.26%

The Bank of Japan has made no changes to its ultra-soft monetary policy as it monitors the impact of the new variant of the Omicron coronavirus. At the same time, the Bank of Japan decided to cut its funding support program from the effects of COVID-19 as financing conditions for large companies improved. The interest rate remained unchanged.

Trading recommendations

• Support levels: 113.30, 112.62, 112.30
• Resistance levels: 113.95, 114.17, 115.15, 115.50

The global trend on the USD/JPY currency pair is bearish. Yesterday, the price tried to break out through the priority change level, but the sellers managed to protect the level. Today, on the news from the Bank of Japan, the yen strengthened against the dollar, as the Bank of Japan began to take the first steps to tighten its policy. Under such market conditions, traders can look for sell positions from the 113.95 resistance level but with additional confirmation. Buy positions should be considered from the 113.30 support level, but with additional confirmation in the form of a buyers’ initiative or after the price breakout the priority change level.

Alternative scenario: if the price rises above 114.17, the uptrend will likely resume.

News feed for 2021.12.17:

• – Japan BoJ Interest Rate Decision at 04:30 (GMT+2);
• – Japan BoJ Monetary Policy Statement at 04:30 (GMT+2).

The USD/CAD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.2831
• Prev Close: 1.2774
• % chg. over the last day: -0.44%

The USD/CAD quotes are declining again amid rising oil prices and a decline in the dollar index. The Canadian dollar is a commodity currency, so it is highly correlated with these instruments. The tightening of the monetary policy from the US Federal Reserve will stimulate the dollar index to grow, while oil prices will depend on the demand for fuel.

Trading recommendations

• Support levels: 1.2721, 1.2677, 1.2638
• Resistance levels: 1.2828, 1.2891, 1.2951

From a technical point of view, the USD/CAD currency pair trend is bullish. The MACD became negative; the price corrected the dynamic moving average level. Under such market conditions, it is better to look for buy deals from the support levels near the moving average on the lower time frames. It is best to look for sell deals from the false breakout area, but with additional confirmation.

Alternative scenario: if the price breaks down through the 1.2721 support level and fixes below, the downtrend will likely resume.

There is no news feed for today.

by JustForex

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

RoboMarkets, a provider of investment services in Europe, announced the reception of the “Best Mobile Trading Platform” award from the Professional Trader Awards. The winners have been determined by the votes of the professional trader community.

The award-winning companies were announced at the ceremonial reception that took place in London on 9 December 2021. RoboMarkets was honoured as the prize winner in the “Best Mobile Trading Platform” category for the second straight year. The award is presented to the broker that is dedicated to offering the best mobile product on the professional account market.

RoboMarkets was recognised for its mobile workstation, R StocksTrader — a powerful and user-friendly application. R StocksTrader is a universal application for trading from smartphones and tablet PCs. The R StocksTrader platform offers over 12,000 instruments for trading, including more than 3,000 stocks, indices, ETFs, and CFDs.

How are the winners of the Professional Trader Awards 2021 selected?

During the first stage, which lasts for four weeks, the organising committee receives applications from brokers that nominate themselves in the different chosen categories. In the next stage, the committee conducts a survey among the trader community, whereby traders with professional trading accounts are asked to vote for a particular broker from the nominees list. This describes how the trader community has selected the winners of the Professional Trader Awards also in 2021.

In 2021, the organising committee presented awards for 17 nominations. The “Professional Trader Awards” are given in recognition of excellence to the brokers that offer exclusive services for professional trading accounts. Among the winners are the providers of financial services that equally prioritise the quality of their services, their cutting-edge technologies, and their clients’ needs and satisfaction.

Denis Golomedov, Chief Marketing Officer at RoboMarkets, says: “It’s a great honour for us to receive the best mobile platform award for the second time in a row. This means that the professional trader community highly appreciates the products for mobile trading offered by RoboMarkets. Our clients want to be able to exercise control over their accounts, and trade around the clock from any part of the world where there is internet access. We understand these needs, and therefore put a lot of effort and ingenuity into continuously developing our proprietary mobile trading solutions. R StocksTrader enables our clients to trade in 6 markets in over 12,000 trading instruments. The innovative app also offers analytical market data, excellent charts, and a handy corporate actions calendar – all made available free of charge (with no monthly fees). The trading features and the information sharing on the app, along with RoboMarkets support, help our clients invest confidently. All the above make R StocksTrader stand out from its market competitors, as evidenced by the choice of professional traders. We thank everyone who voted for RoboMarkets and helped us win this award!”

About RoboMarkets

RoboMarkets is an investment company, operating under CySEC licence No. 191/13. RoboMarkets offers investment services in European countries by providing access to its proprietary trading platforms to traders who work on financial markets. Find out more about the Company’s products and activities on www.robomarkets.com.