A Very Brief History of Forex and Commodity Trading
Forex is one of the largest and most liquid markets, with daily transaction volume valued at approximately 7.5 trillion USD. Commodity trading, the buying and selling of raw materials, is as old as human civilization and is monitored and regulated by exchanges in every country.
Asia, an emerging market, is home to two of the biggest economies, India and China, and several other rapidly developing economies in the Eastern and Southeast region. For this reason, compared to the developed markets dominated by a few countries, Asia has remained a hot favourite of investors and businesses across all industries and sectors. This is due to the enormous diversity and equally huge opportunities offered by the region in terms of economic growth.
Given the considerable risk typically connected with stocks and trading, Asians are more oriented toward real estate and precious metals for wealth accumulation than it was towards the stock market, including online trading. However, over the past ten years, Asia has seen a steady increase in the number of stock market investors thanks to the growing knowledge of international financial markets and the technological instruments at our disposal. Today, Southeast Asia has become a major financial hub.
The Ever-Growing Financial World of the Asian Economy
Many financial institutions and brokerage businesses have decided to expand their presence in Asia due to the region’s significant economic expansion, which is supported by international investments. Most of these brokers offer outstanding services to institutional and retail investors and access to various fascinating stock markets. They welcome foreign investors and charge extremely affordable commission rates. These brokers assist traders and investors in taking advantage of profitable opportunities on Asian stock exchanges.
A Financial Broker That Makes a Difference
Axiory is a leading brokerage firm that was established in Belize, in Central America, twelve years ago. Since its inception, Axiory has devoted all of its efforts to serving institutional traders. Some of these initiatives include better CFD margin and profit calculations, access to online CFDs and exchange products, obtaining a regulatory license from the FSC, offering extended customer support, introducing new products like Instant Deposits, and eliminating fees for higher payments made in USD. Axiory introduced the cTrader platform in 2018. In the same year, they also introduced a brand-new IB interface and added payouts to CFD indices. 2019 saw the company increase leverage for commodities like crude oil and introduced the MT4 plugin. In 2020, Axiory launched stock CFDs on MT4 and introduced Vietnamese support. Not only this, they also launched the industry-first oil indices, added support in multiple new languages, cut their commission by 40%, and showed their commitment to society through COVID relief work. They also received 4 global awards in 2020. In 2021, Axiory launched the MT5 platform and lowered minimum deposit levels. They also received 6 global awards during this year. Continuing their award-winning spree, Axiory received the prestigious title of Best MT4 & MT5 Trading Platform East Asia 2023 from UAE-based International Business Magazine, validating their continuing commitment towards customer service, education and satisfaction.
Article by Amith Raj