Economy

“Best World Financial Trading Portal Europe 2023” Goes To TU

Published

2 years ago

28/07/2023

In the competitive world of financial trading, standing out requires exceptional services and undeniable expertise. Traders Union has succeeded in distinguishing itself in this high-stakes arena. You can learn more about this portal and its advantages from this article.

TU analysts received the award “Best World Financial Trading Portal Europe 2023”. But what makes this accolade particularly significant? It underscores the reliability of the platform and the high-quality services it brings to the table, affirming its position as a trusted partner in the financial market journey.

What is Traders Union?

Established in 2010, TU has cemented its place in the financial markets as a trusted, reliable portal for traders and investors. With the primary goal of building a space where individuals can quickly find information about the best brokerage companies, the platform simplifies the process of making profitable decisions in the financial markets. Its commitment to providing unbiased reviews of international forex brokers has made it a go-to resource for countless traders.

By collating complete information about various brokerage firms, Traders Union aims to save its users time and money, eliminating the stress of choosing a reliable broker. Their broker rating encompasses all the details necessary for making an informed decision, reducing the need for extensive company research and review reading.

Services of TU

Armed with a team of professional Traders Union experts, the platform offers a host of services tailored to the needs of modern traders. By meticulously monitoring the operation and reputation of all brokers, the team has spent over 12 years ensuring users have access to the most accurate broker reviews in the industry.

The coverage includes dozens of the world’s most significant online forex, stock brokers, and cryptocurrency exchanges. With tens of thousands of words of research published annually, they provide valuable insights about brokers, time-saving research, and optimal learning opportunities to enhance profit margins and trading success. Its range of services spans from helpful information on Forex, crypto, and stock markets to professional support services, the latest market analytics, and attractive affiliate programs.

How does working through TU differ from working with a broker directly?

The benefits of working through Traders Union vary depending on the chosen broker, as each broker has its terms of cooperation with the platform. However, the general benefits of working through their platform are various and include:

Return of a part of the spread (rebate)
Free legal assistance
Compensation fund
Exclusive bonuses
Monthly contests with cash prizes

Objectively, these benefits indicate that working through this platform offers more advantages than working with a broker directly. This does not mean direct broker work is unprofitable, but this platform provides significant advantages that facilitate successful and safer trading.

Advantages of working

Awards Magazine published and awarded TU with Best World Financial Trading Portal Europe 2023. Working with them has many benefits that enhance the trading experience without complicating it or adding additional fees. These benefits can be categorized into four main types:

Financial Benefits: They offer a unique opportunity to get a rebate, a return of a part of the spread, or a commission from each transaction.
Legal Benefits: Their legal support is invaluable, assisting brokers with disputes.
Informational Benefits: Their independent news feed keeps traders up-to-date with the latest significant events in the Forex market, eliminating the need for additional platforms.
Service Benefits: Their customer service experts offer comprehensive consulting support on various issues. This covers everything from technical aspects of Forex to guidance on broker selection and account management.

To learn more about the platform, visit its official website.

Conclusion

With a decade of dedicated service to traders and investors, Traders Union’s recognition as the Best World Financial Trading Portal Europe 2023 is well-deserved. Its expert team, comprehensive services, and a strong commitment to facilitating profitable decisions in the financial markets set it apart in a competitive field. As a trusted partner for financial traders, the platform simplifies the trading journey, providing valuable resources, expert advice, and continual support.

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Dipo Olowookere

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via dipo.olowookere@businesspost.ng

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Economy

FrieslandCampina, Afriland Properties Weaken NASD Index by 0.24%

Published

15 hours ago

26/04/2025

Adedapo Adesanya

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange fell by 0.24 per cent on Friday, April 25 after the duo of FrieslandCampina Wamco Nigeria Plc and Afriland Properties Plc landed on the losers’ table.

FrieslandCampina Wamco Nigeria Plc depreciated by N2.58 to sell at N35.37 per unit compared with the previous day’s N37.95 per unit, and Afriland Properties Plc lost 2 Kobo to close at N17.78 per share versus Thursday’s closing value of N17.80 per share.

However, Geo-Fluids Plc appreciated by 10 Kobo during the trading day to sell for N1.80 per unit, in contrast to the preceding session’s N1.70 per unit. The rise in the price of the stock could not prevent the fall of the bourse yesterday.

Consequently, the market capitalisation of the trading platform went down by N4.64 billion to N1.914 trillion from N1.918 trillion and the NASD Unlisted Security Index (NSI) declined by 7.92 points to 3,269.06 points from 3,276.98 points.

The final trading session of the week ended with a surge of 1,695.8 per cent in the volume of securities transacted to 3.7 billion units from the 206.2 milion units transacted in the previous trading day.

Equally, the value of transactions jumped by 2,592.6 per cent to N9.5 billion from N354.1 million on Thursday, and the number of deals decreased by 47.4 per cent to 20 deals from the 38 deals recorded a day earlier.

Impresit Bakolori Plc remained the most active stock by volume on a year-to-date basis with 533.9 million units sold for N520.9 million, followed by Geo-Fluids Plc with 259.3 million units worth N456.1 million, and Okitipupa Plc with 153.6 million units valued at N4.9 billion.

Also, Okitipupa Plc remained the most active stock by value on a year-to-date basis with 153.6 million units valued at N4.9 billion, trailed by FrieslandCampina Wamco Nigeria Plc with 15.6 million units worth N598.5 million, and Impresit Bakolori Plc with 533.9 million units sold for N520.9 million.

Economy

Nigeria’s Stock Market Gives up 0.30% Friday

Published

15 hours ago

26/04/2025

Dipo Olowookere

stock market how to invest in US stocks in South Africa

By Dipo Olowookere

A 0.30 per cent fall was recorded by the Nigerian Exchange (NGX) Limited on Friday as a result of profit-taking in the industrial goods sector.

This was mainly caused by sell-offs in Dangote Cement Plc, which released its financial statements for the first quarter of 2025 yesterday.

The cement maker lost 10.00 per cent during the session to trade at N432.00, Regency Alliance lost 8.06 per cent to close at 57 Kobo, VFD Group depreciated by 7.57 per cent to N17.10, Chams declined by 7.27 per cent to N2.04, and Sovereign Trust Insurance crashed by 6.12 per cent to 92 Kobo.

Conversely, International Breweries, Legend Internet, and Ikeja Hotel gained 10.00 per cent each to sell for N7.70, N6.82, and N12.10 apiece, Vitafoam Nigeria surged by 9.93 per cent to N44.85, and Eterna rose by 9.92 per cent to N39.90.

The industrial goods index was down by 4.73 per cent on Friday, as the others finished in green territory.

The consumer goods space rose by 2.21 per cent, the banking sector appreciated by 1.55 per cent, the insurance counter expanded by 1.50 per cent, the energy sector increased by 0.07 per cent, and the commodity industry went up by 0.04 per cent.

At the close of transactions, the All-Share Index (ASI) went down by 321.21 points to 105,753.05 points from 106,074.26 points and the market capitalisation shrank by N202 billion to N66.465 trillion from N66.667 trillion.

The level of activity increased yesterday as the trading volume, value, and number of deals grew by 30.40 per cent, 94.23 per cent, and 17.64 per cent, respectively.

This was because investors transacted 428.1 million shares worth N20.2 billion in 14,284 deals compared with the 328.3 million shares valued at N10.4 billion in traded in 12,142 deals a day earlier.

GTCO led the activity chart with 60.7 million equities sold for N3.8 billion, Fidelity Bank traded 41.4 million stocks worth N829.3 million, Access Holdings exchanged 40.6 million shares valued at N968.3 million, MTN Nigeria sold 33.0 million equities for N8.2 billion, and Zenith Bank transacted 22.9 million stocks worth N1.1 billion.

Economy

Naira Now N1,599/$1 at Official Market, N1,605/$1 at Black Market

Published

16 hours ago

26/04/2025

Adedapo Adesanya

By Adedapo Adesanya

The Naira extended its gains against the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEX) on Friday, April 25 by 0.22 per cent or N3.59 to sell for N1,599.42/$1 compared with the N1,603.01/$1 it was traded in the previous session.

The Nigerian currency also improved its value against the Euro in the official market by N1.36 to close at N1,818.53/€1 compared with Thursday’s closing price of N1,819.89/€1.

However, the domestic currency depreciated against the Pound Sterling in the same market segment yesterday by N1.90 to wrap the session at N2,130.44/£1 versus the preceding session’s rate of N2,128.50/£1.

At the black market segment, the Naira appreciated against the greenback on Friday by N2 to quote at N1,605/$1, in contrast to the previous day’s value of N1,607/$1.

In the cryptocurrency market, a possible regulatory progress about digital assets in the US spurred buying interest among investors during the trading session.

The chairman of the US Securities and Exchange Commission, Mr Paul Atkins, was at a crypto roundtable on Friday and he devoted his inaugural speech to assuring the industry that he will continue to remake securities policy to favor digital assets innovation.

The agency and industry have been awaiting congressional action to establish crypto market-structure oversight that will likely set guardrails, and Atkins told an audience at the SEC’s Washington headquarters that the regulator will work toward delivering “a rational, fit-for-purpose framework” for crypto.

Litecoin (LTC) rose by 3.0 per cent to $87.24, Dogecoin (DOGE) grew by 2.7 per cent to $0.1862, Bitcoin (BTC) increased by 1.3 per cent to $94,687.84, Ethereum (ETH) jumped by 1.2 per cent to $1,797.51, Cardano (ADA) improved by 0.9 per cent to $0.7235, and Ripple (XRP) gained 0.6 per cent to close at $2.20.

On the flip side, Solana (SOL) depreciated by 0.9 per cent to $151.64, and Binance Coin (BNB) lost 0.8 per cent to sell for $602.89, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) remained unchanged at $1.00 each.