Ringgit hits five-year high against US dollar in holiday trade
The Malaysian ringgit extended its rally, reaching a five-year high against the US dollar, trading in a narrow range of RM4.04-RM4.05.
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Abstract:As the year progressed, the international broker OctaFX examined its most critical 2022 milestones and their implications for the firm and its customers.

2022 was a year of significant financial market developments and challenges. It was a year of hard effort for the international broker OctaFX, which allowed it to accomplish numerous key milestones and make investing more accessible to many individuals across the globe. Here's what 2022 meant to the broker.
Seven Days a Week Crypto Trading
OctaFX made bitcoin trading open on weekends earlier this year. While most banks and platforms are only open Monday through Friday, non-stop trading was welcomed by traders who needed to place orders on Saturday and Sunday or couldn't trade during the week.
25 New Cryptocurrency Instruments
OctaFX launched 25 new bitcoin products to provide its customers additional ways to diversify their portfolios and benefit from the crypto market's extreme volatility.
150 New Stocks
OctaFX will add 150 equities listed on 16 exchanges to its current 80 CFD instruments in November 2022, in addition to its existing 80 CFD instruments. Some of the most well-known names on the list were Airbus, Amazon, Apple, BMW, and Tesla, as well as other prominent firms from Australia, Europe, Japan, Singapore, the United Kingdom, and the United States.
Swaps Have Been Elimated
Swaps (fees paid to traders for keeping orders open overnight) are levied daily and tend to accumulate, making trading less lucrative. OctaFX relieved its customers of this expensive load by streamlining its work operations.
OctaTrader Is Now Available
OctaFX will have its own trading platform, OctaTrader, before the end of the year. The platform promises to provide OctaFX customers with a better understanding of the market, reduce potential risks, and simplify decision-making. Aside from that, OctaTrader integrates easily with the broker's other applications and online services.
OctaFX 2023 Outlook 2022 was a year filled with productive effort and amazing accomplishments. Some of its most promising trends are expected to continue in the next year. OctaFX will restart the development of OctaTrader, expand into new markets, and assist more individuals in achieving their financial objectives.
About OctaFX
OctaFX is a multinational broker that has been offering online trading services since 2011. It provides commission-free access to financial markets as well as a range of services to customers from 150 countries, with over 12 million trading accounts. Their free instructional seminars, articles, and analytical tools assist customers in achieving their investment objectives.
The corporation is active in a wide range of charity and humanitarian efforts, such as the upgrading of educational facilities and short-term relief programs that benefit local communities and small to medium-sized businesses.

In addition, OctaFX has received over 50 honors since its inception, including World Finance's 2021 'Best ECN Broker' award and International Business Magazine's 2022 'Best Global Broker Asia' award.
As 2023 brings a new journey of online trading. WikiFX will never get tired of assisting people by guiding them in the proper selection of brokers.
WikiFX continues to monitor clone brokers and will keep listing them on the platform, so the people will know their status of legitimacy.
Keep using the WikiFX App to avoid fraud or cloned brokers.
You can find out more about OctaFX news here: https://www.wikifx.com/en/dealer/8426481202.html

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Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

The Malaysian ringgit extended its rally, reaching a five-year high against the US dollar, trading in a narrow range of RM4.04-RM4.05.

WikiFX has launched the “Inside the Elite” Interview Series, featuring outstanding members of the newly formed Elite Committee. During the committee’s first offline gathering in Dubai, we conducted exclusive interviews and gained deeper insights into regional market dynamics and industry developments. Through this series, WikiFX aims to highlight the voices of professionals who are shaping the future of forex trading — from education and compliance to risk control, technology, and trader empowerment.

It starts with a phone call—often aggressive, always persistent. A "personal manager" promises to guide you through the complexities of the market, asking for a modest $200 deposit. But according to sixteen separate reports from victims across Latin America, Europe, and the Middle East, that initial deposit is just the entry fee to a financial hostage situation.

If you are thinking about trading with dbinvesting, you need to be very careful. At WikiFX, we analyze brokers based on facts, licenses, and trader feedback.