Economy
“Best World Financial Trading Portal Europe 2023” Goes To TU
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.
By Adedapo Adesanya
The duo of MRS Oil and FrieslandCampina Wamco Nigeria Plc weakened the NASD Over-the-Counter (OTC) Securities Exchange by 0.68 per cent on Friday, June 5.
MRS Plc lost N19.00 during the session to sell at N171.00 per share compared with Thursday’s value of N190.00 per share, and FrieslandCampina Wamco Nigeria Plc depreciated by N8.70 to finish at N181.68 per unit compared with the preceding session’s N190.38 per unit.
As a result, the market capitalisation further lost N22.59 billion to close at N2.607 trillion versus the N2.630 trillion it ended a day earlier, and the NASD Unlisted Security Index (NSI) dropped 37.76 points to settle at 4,358.32 points, in contrast to the previous day’s 4,396.08 points.
The alternative stock market closed the last trading day of this week with a price gainer, Central Securities Clearing System (CSCS) Plc, which gained 6 Kobo to quote at N78.40 per share compared with the preceding session’s N78.34 per share. However, it could not prevent the market from going down at the close of business.
Yesterday, the volume of securities bought and sold by investors went down by 50.0 per cent to 140,345 units from the preceding day’s 280,714 units, the value of stocks decreased by 16.5 per cent to N17.9 million from the previous session’s N21.5 million, and the number of deals carried out by market participants fell by 35.7 per cent to 27 deals from the 42 deals recorded on Thursday.
When trading activities closed for the day, Great Nigeria Insurance (GNI) Plc remained the most active stock by value on a year-to-date basis, with 3.4 billion units exchanged for N8.4 billion, trailed by Infrastructure Credit Guarantee (Infracredit) Plc with 2.3 billion units sold for N6.5 billion, and CSCS Plc with 64.7 million units traded for N4.4 billion.
GNI Plc also ended the session as the most traded stock by volume on a year-to-date basis, with 3.4 billion units worth N8.4 billion, followed by Infracredit Plc with 2.3 billion units transacted for N6.5 billion, and Resourcery Plc with 1.1 billion units valued at N415.7 million.
By Dipo Olowookere
Renewed interest in financial stocks and others lifted the Nigerian Exchange (NGX) Limited by 0.15 per cent on Friday.
Customs Street closed higher yesterday despite the 1.37 per cent loss recorded by the consumer goods sector as a result of profit-taking.
This was offset by gains in the other key sectors of the local bourse, as the insurance counter chalked up 1,14 per cent. The banking space appreciated by 0.90 per cent, the industrial goods segment grew by 0.46 per cent, and the energy sector expanded by 0.01 per cent.
Consequently, the All-Share Index (ASI) went up by 366.00 points to 242,593.31 points from 242,227.31 points, and the market capitalisation gained N235 billion to close at N155.594 trillion compared with the previous day’s N155.359 trillion.
The trio of International Energy Insurance, Abbey Mortgage Bank, and DAAR Communications improved by 10.00 per cent each yesterday to N7.26, N9.35, and N1.98, respectively, while Zichis advanced by 9.39 per cent to N32.38, with Sovereign Trust Insurance up by 8.70 per cent to N2.50.
On the flip side, Academy Press lost 9.84 per cent to quote at N8.25, University Press depreciated by 9.73 per cent to N5.10, Africa Prudential dipped by 2.63 per cent to N12.95, Chams crumbled by 2.44 per cent to N4.00, and International Breweries slipped by 1.59 per cent to N12.35.
Business Post reports that the market breadth index was positive during the session after recording 37 appreciating equities and 14 depreciating equities, implying strong investor sentiment.
Abbey Mortgage Bank led the activity chart with a turnover of 164.1 million units worth N1.5 billion, Ellah Lakes sold 76.7 million units for N767.2 million, Access Holdings transacted 44.8 million units valued at N1.1 billion, Linkage Assurance exchanged 23.0 million units worth N41.2 million, and The Initiates traded 20.2 million units for N562.1 million.
At the close of trades, market participants transacted 608.5 million units worth N32.0 billion in 53,826 deals versus the 588.5 million units valued at N27.9 billion executed in 57,352 deals in the previous session. This showed that the number of deals eased by 6.15 per cent, the volume of transactions rose by 3.40 per cent, and the value of transactions soared by 14.70 per cent.
By Adedapo Adesanya
The Naira further depreciated against the United States Dollar by N3.46 or 0.25 per cent to N1,362.21/$1 from N1,358.75/$1 in the Nigerian Autonomous Foreign Exchange Market (NAFEX) on Friday, June 5.
However, it appreciated against the Pound Sterling in the same market window during the session by N4.47 to trade at N1,823.59/£1 compared with the previous day’s N1,828.06/£1, and gained N7.00 against the Euro to sell at N1,574.58/€1, in contrast to Thursday’s closing price of N1,581.58/€1.
For another trading session, the Nigerian Naira maintained stability against the Dollar in the parallel market and the GTBank forex counter on Friday at N1,375/$1 and N1,372/$1, respectively.
The Naira is expected to remain strong in the near term, backed by a rise in external reserves, which are nearing $50 billion, enhancing analysts’ confidence about its outlook in the second half of 2026.
Heightened global uncertainty has reduced the incentive for importers and corporates to demand FX, as cautious trade weighs on import needs. Analysts estimate a $40 billion net FX position for the year, a projection anchored in oil windfall gains.
As for the cryptocurrency market, prices remained depressed following a strong US jobs report that spurred markets to price in higher-for-longer interest rates, sending Treasury yields and the dollar up while hammering stocks, especially AI-related names. Crypto markets saw heavy leverage washouts with about $1.6 billion in positions liquidated over 24 hours.
Ethereum (ETH) gave up 4.9 per cent to trade at $1,584.68, Solana (SOL) fell by 3.3 per cent to $63.22, Bitcoin (BTC) crashed by 1.9 per cent to $61,333.23, Dogecoin (DOGE) slipped by 1.8 per cent to $0.0821, and Ripple (XRP) moderated by 1.8 per cent to $1.09.
Further, TRON (TRX) dropped 1.6 per cent to sell at $0.3197, Binance Coin (BNB) slumped by 1.0 per cent to $581.18, and Cardano (ADA) declined by 0.4 per cent to $0.1589, while the US Dollar Tether (USDT) gained 0.07 to sell at $0.9997, and US Dollar Coin (USDC) closed flat at $0.9998.
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