With virtual commercial cards at its core, Visa Commercial Pay features three B2B payment offerings for financial institutions and their corporate customers, including Visa Commercial Pay Mobile app, Visa Commercial Pay Travel and Visa Commercial Pay B2B. Since its launch in 2020, Visa Commercial Pay has helped corporates to move away from traditional business payment methods, to more automated processes.

Visa Commercial Pay has been rolled out to select clients, including early adopters such as Commerce Bank, OCBC, and Umpqua Bank. The offering empowers financial institutions to deliver on their corporate customers’ virtual payments strategy and continues to drive innovation with connectivity to market-leading invoice management platforms – all through a single connection. This process improves cashflow for businesses and eliminates outdated manual processes.

“The pandemic exposed significant inefficiencies with traditional payment methods used by businesses,” said Gloria Colgan, Senior Vice President, Global Product Visa Commercial Solutions. “Our collaboration with Conferma Pay brings together two leaders in their respective fields and the result is a far more efficient payments system. With our collaboration set to continue, more clients and end users will be able to take advantage of new features such as the digital wallet tokenization and hotel cards.”

The four-year extension secures additional investment to further develop the suite of B2B payment solutions and signals a renewed joint commitment to making virtual commercial payments more widely available. The extended collaboration enables both organizations to further expand the offering in Asia, Latin America and the Middle East, with the enhanced security, compliance and control provided by Visa Commercial Pay being an incredibly important driver for issuers seeking to reduce the risk of fraud on behalf of their corporate clients.

“The world has been increasingly moving towards more digitized payments and the launch of Visa Commercial Pay has supported this transition in the commercial payments environment. Our deeper engagement with Visa will help to rapidly accelerate the growth of virtual payments for businesses,” said Jason Lalor, CEO, Conferma Pay. “We have a fantastic working relationship with Visa that has enabled the rapid delivery of software to simplify payments for businesses globally. Based on our shared vision for a more digitized payment landscape, our expanding network of B2B partners means that Visa Commercial Pay will continue to grow and remove more barriers to business.”

A key innovation within Visa Commercial Pay, which is set to help revolutionize digital payments in the travel sector, is the ability for virtual corporate cards to be added directly to a digital wallet on an employee’s mobile phone. This enables corporates to centrally manage payments, while giving employees all the benefits and security of card-in-hand products. This innovative solution greatly improves the travel experience for all parties by accessing contactless payments without the need to have details cross-checked at hotel arrival.

New issuing partners gain instant access to the network of platforms already connected to Visa Commercial Pay, meaning Visa’s commercial clients can use the suite of solutions across multiple commercial-spend use cases, without any additional development or operational complexity that often comes with launching new capabilities.

Source: Visa

The Prestigious Global Brand Awards, a revered yearly occasion orchestrated by Global Brands Magazine (GBM) in the United Kingdom, strives to honour worldwide brands that distinguish themselves across diverse industries, all the while ensuring that readers are abreast of pivotal trends in the realm of branding. Amidst this distinguished exhibition of accomplishment, MyForexFunds has taken a leading position, undergoing a comprehensive evaluation byan external evaluation agency . MyForexFunds underwent a thorough assessment encompassing various criterias including customer service, customer satisfaction, innovative digital strategies, strategic affiliations, and new business advancement.

Commenting on MyForexFunds winning the awards, Jay Reddy, Director of Global Brands Magazine, said, “Congratulations to myforexfunds for their remarkable achievement as the Fastest Growing Proprietary Trading Platform on a global scale. This recognition is a testament to their unwavering commitment to excellence, innovation, and dedication to empowering traders worldwide. We, at Global Brands Magazine, applaud their outstanding efforts and contributions to the financial industry, setting new standards for growth and success”

Commenting on winning the awards, Murtuza Kazmi, Chairman, and CEO of MyForexFunds commented: “MyForexFunds strives to be the standard of excellence in all we do. We’re pleased that another external organization has recognized MyForexFunds for our services. This award underlines our establishment as a world-leading prop trading firm and fuels our passion to work even harder for our continuous development, where our traders’ success is listed first”

About MyForexFunds

MyForexFunds, a leading Forex Prop Trading Firm, is committed to empowering traders in the FOREX, CFDs, and commodities markets, enabling them to achieve greater profitability, self-sustainability, and expertise in their trading pursuits.

At the heart of MyForexFunds lies a deep sense of community and mutual growth. The company warmly embraces all traders, affectionately referring to them as the MFF Family, irrespective of whether they have joined their programs or not. This inclusive approach fosters open dialogue, collaboration, and unwavering support as traders embark on their path to becoming proficient professionals.

The primary mission of MyForexFunds is to support individuals in their trading endeavors, providing them with the necessary tools and guidance to excel in their financial journey. With a dedicated team of over 300 staff worldwide and serving more than 2000 customers daily from across the globe, MyForexFunds has solidified its position as a market leader.

About Global Brands Magazine (England)

Global Brands Magazine (GBM) has been at the forefront, bringing news, views, and opinions on brands shaping the future of their industry. The magazine covers a wide range of industries, including fashion, beauty, technology, and more. It is targeted towards business executives and marketing professionals, offering insights and analysis on brand building and management. The Magazine has over 9.5 million visitors and 14 million page views per month, making it one of the best online magazines in the world. With over 9.5 million monthly visitors and 14 million page views, GBM is one of the most esteemed online magazines globally. The magazine also maintains a strong presence on social media, boasting over 20k+ Facebook likes, 10k+ Instagram followers, 25k+ Twitter followers, and 3k+ LinkedIn followers.

 About the Global Brand Awards

The Global Brand Awards is an annual event that celebrates the accomplishments of the world’s leading brands. These awards honour brands across various categories, including innovation, sustainability, customer experience, and more. The aim is to showcase best practices in branding, marketing, and customer engagement while providing recognition and exposure for the winning brands. To learn more about the awards, please visit the Brand Awards Winners section on the GBM website.

To nominate your company or business leader for the Global Brand Awards 2023, please click on the following link:

https://www.globalbrandsmagazine.com/nomination-form/

In general, there are two paths for a trader to follow – trade in a retail account or become a funded trader. Retail traders often face a problem of under-capitalization and are limited by the amount of personal funds at their disposal for trading. A skilled and experienced trader looking at larger opportunities can benefit immensely from receiving trading capital. And that’s where MyForexFunds comes in.

MYFOREXFUNDS AT A GLANCE

Proprietary trading or forex prop trading is when a firm allows traders to trade stock, futures, or commodities with the firm’s own money to earn profits and share with the firm. Trading with a forex prop firm gives traders the opportunity to increase their account capital with minimal exposure. While many prop trading firms offer funding services to traders, MyForexfunds, an Ontario-based prop trading firm, and its versatile products and services set it apart from the rest. MyForexFunds was introduced to the world in 2020 and since then it has grown rapidly, with the remarkable achievement of claiming the #1 spot for web traffic worldwide, as witnessed a 400% increase in visits and a staggering 350% increase in unique visitors. Since its foundation, the company has grown to over 180,000 traders from 80 countries. MyForexFunds employs more than 300 highly skilled professionals representing over 30 different nationalities. The Company’s motto “Your Success is Our Business” is aimed at assisting traders and helping them grow together. With over 2000 new traders per day, MyForexFunds’ vision is to expand its business into similar niches and offer funded trading accounts to more people who pursue to benefit from their skills.

WHY TRADERS CHOOSE MYFOREXFUNDS?

MyForexFunds offers funding programs with the best market conditions that can be adapted to different trader profiles, allowing traders to manage a real funded trading account from Day 1 and earn bonuses, without requiring an evaluation. It also offers profit splits that can reach up to 90%, managing an account of up to $600,000.

The company offers three programs designed to kickstart an exciting journey as a Forex Funded Trader, tailored to the experience level of any trader:

• Evaluation Program
• Rapid Program
• Accelerated Program

EVALUATION PROGRAM

The MyForexFunds Evaluation account is built for semi-professional forex traders in need of capital to move to the next level of their careers. In this option, traders can prove their skills and talent by going through a two-phase process and starting their trading journey with MyForexFunds. On the 17^th of July, the company revamp edits Evaluation program and added the game-changing Unlimited Days feature. Now the traders can enjoy the freedom of Νo Time limits on both phases of their evaluation and explore market opportunities at their own pace.

Evaluation phase one requires a trader to reach a profit target of 8% and phase two requires a trader to reach a profit target of 5%. Both phases have No time limit due to the latest feature. After completing both evaluation phases, the trader is awarded a funded account with no profit targets. After completing phase two, the trader also receives 2% of the profit made in the phase one evaluation.

RAPID PROGRAM

The Rapid account program is designed to reward traders for their time while assessing them as they learn to trade with a demo account. The account sizes range from $10,000 to $100,000. The Rapid program’s goal is to gain a three-month snapshot of the traders’ capabilities before giving them access to the company’s live trading funds. The advantage of this program is that traders get to earn 12% bonus profit payouts while being assessed — despite the trading being done in a demo environment. The program does not have profit targets. Upon successful completion of the three-month demo period, traders receive a funded account and start receiving a profit split of 50% in the first month, increasing to 65% and 80% in the second and third months, respectively.

ACCELERATED PROGRAM

The Accelerated program, the company’s third option, is built for professional full-time traders with experience in financial markets who want to boost their capital immediately without risking their own money. This account ranges from $2,000 up to $50,000, and traders can grow their funds all the way up to a max of $2 million with scaling. Accelerated program accounts have no time limitations, lot size restrictions, or consistency rules to follow. They also do not have any profit targets to meet to be eligible for weekly payouts. In all three options, traders are required to respect a 5% maximum daily loss and 12% overall maximum loss rule.

MYFOREXFUNDS– THE FUTURE AWAITS

The company demonstrated sustained and consistent growth during the last year, and the market indicates that it will continue to do so. Its business is performing well, with high demand for its products and services and a robust pipeline of new projects. However, MyForexFunds believes that growth comes from building a great company over the long term.

Murtuza Kazmi CEO of the company also commented: “MyForexFunds strives to be the standard of excellence in all we do. Our strong values are the fuel for every aspect of our operations. We know that our traders, like us, are always seeking to stay ahead of the latest developments. That’s why we are committed to always pushing the market limits and fostering innovation so we can offer them a holistic trading experience.”

To learn more about MyForexFunds, visit the company website www.myforexfunds.com

CVC is the three-digit number printed on the back of debit and credit cards. According to the Reserve Bank of India’s tokenization guidelines, merchants who adopt tokenized payments will collect CVC only once, which is while tokenizing the card. From the second transaction onwards, cardholders will be required to select their tokenized card from the checkout page, confirm the one-time password (OTP) and complete the transaction without keying in CVC.

Several e-commerce players like Cashfree Payments and Zomato have already adopted CVC-less payments. By eliminating the need for CVC, merchants can expect benefits like higher authorization rates, reduced checkout abandonment, and enhanced customer payment experience.

“We are excited to introduce CVC-free payments, which reduce friction for cardholders, aligning their payment experience with other popular modes like UPI Intent. At Cashfree Payments, our vision is to consistently innovate and create solutions that make digital payments faster, safer, and more convenient,” said Akash Sinha, CEO and Co-Founder, Cashfree Payments.

“CVC-less payments have indeed enabled quicker completion of transactions and enhanced convenience for our customers, without compromising on the security of payments,” said Akshant Goyal, CFO, Zomato.

Mastercard’s token-based transactions leverage three key factors that ensure a high degree of safety and security. These include:

• Enhanced Security Features: Token-based transactions are inherently more secure as they involve a token expiry and a dynamic cryptogram, ensuring additional protection against fraud.
• Authenticated User Identity Check: Payments made using an OTP or Additional Factor Authentication (AFA) ensure that only authorized users can complete the transactions.
• Domain Control: Transactions based on tokens are domain-controlled as only the token requestor can seek a cryptogram, ensuring a secure and controlled transaction environment.

“Mastercard is committed to delivering innovative and secure payment solutions that protect both merchants and consumers. Besides enhanced data security, CVC-less payments on tokenized cards come with benefits that make the online domestic card payment experience smoother and safer,” said Anubhav Gupta, Senior Vice President, South Asia, Mastercard.

It’s noteworthy that the issuing bank performs account identification and verification during token provisioning, adding an extra level of safety to the transaction process. With the launch of CVC-less payments, Mastercard has reiterated its commitment to providing a safe and seamless payment experience for Indian merchants and cardholders.

Source: Mastercard

Fully-backed, regulated stablecoins have the potential to transform payments in web3 and digitally native environments. To address that emerging potential, PayPal (NASDAQ: PYPL) announced the launch of a U.S. dollar-denominated stablecoin, PayPal USD (PYUSD).

PayPal USD is designed to contribute to the opportunity stablecoins offer for payments and is 100% backed by U.S. dollar deposits, short-term U.S Treasuries and similar cash equivalents. PayPal USD is redeemable 1:1 for U.S. dollars and is issued by Paxos Trust Company.

Starting today and rolling out in the coming weeks1, eligible U.S. PayPal customers who purchase PayPal USD will be able to:

• Transfer PayPal USD between PayPal and compatible external wallets
• Send person-to-person payments using PYUSD
• Fund purchases with PayPal USD by selecting it at checkout2
• Convert any of PayPal’s supported cryptocurrencies to and from PayPal USD

“The shift toward digital currencies requires a stable instrument that is both digitally native and easily connected to fiat currency like the U.S. dollar,” said Dan Schulman, president and CEO, PayPal. “Our commitment to responsible innovation and compliance, and our track record delivering new experiences to our customers, provides the foundation necessary to contribute to the growth of digital payments through PayPal USD.”

Building the Bridge Between Fiat and Web3 for Consumers, Merchants and Developers

PayPal USD will be available to consumers, merchants and developers to seamlessly connect fiat and digital currencies. As the only stablecoin supported within the PayPal network, PayPal USD leverages PayPal’s decades-long experience in payments at scale, combined with the speed, cost and programmability of blockchain protocols. As an ERC-20 token issued on the Ethereum blockchain, PayPal USD will be available to an already large and growing community of external developers, wallets and web3 applications, can be easily adopted by exchanges, and will be deployed to power experiences within the PayPal ecosystem.

PayPal USD is designed to reduce friction for in-experience payments in virtual environments, facilitate fast transfers of value to support friends and family, send remittances or conduct international payments, enable direct flows to developers and creators, and foster the continued expansion into digital assets by the largest brands in the world. Most of the current volume of stablecoins is used in web3-specific environments – PayPal USD will be compatible with that ecosystem from day one and will soon be available on Venmo.

U.S. Dollar Denominated, Redeemable and Transparent

PayPal USD is issued by Paxos Trust Company, a fully licensed limited purpose trust company subject to regulatory oversight by the New York State Department of Financial Services. In June 2022, PayPal was issued a BitLicense by NYDFS after previously obtaining a conditional BitLicense.

Reserves for PayPal USD are fully backed by U.S. dollar deposits, U.S. Treasuries and similar cash equivalents, and PayPal USD can be bought or sold through PayPal at a rate of $1.00 per PayPal USD.

Beginning in September 2023, Paxos will publish a public monthly Reserve Report for PayPal USD that outlines the instruments composing the reserves. Paxos will also publish a public third-party attestation of the value of PayPal USD reserve assets. The attestation will be issued by an independent third-party accounting firm and conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants (AICPA).

Focusing on Education, Understanding and Adoption of Digital Currencies

In addition to building products and services that add utility to digital currencies, PayPal is focused on increasing consumer and merchant comprehension of cryptocurrencies, stablecoins and central bank digital currencies (CBDCs), while working closely with regulators as the industry evolves. In addition to offering PayPal USD for U.S. accountholders, PayPal currently offers customers the ability to buy, hold, sell and transfer select cryptocurrencies, and provides educational content to help accountholders understand the risks and possibilities surrounding the technology.

Source: PayPal

Understanding Inflation and Its Impact on Investments

Before diving into the depths of options trading, it’s crucial to grasp what inflation entails and how it impacts your investments. Inflation is the rate at which the general level of prices for goods and services is rising, eroding the purchasing power of money. In periods of high inflation, the real returns on traditional investments can be significantly diminished, even when the nominal returns seem attractive. This phenomenon compels investors to seek out strategies to protect their portfolio’s value.

The Dynamic Nature of Options Trading

One of the most compelling reasons to consider option trading as your go-to investment during high inflation is their dynamic nature. Options aren’t static investments. Rather, their value is constantly changing in response to variations in the underlying asset price, volatility, time to expiration, and interest rates. This is especially valuable during periods of high inflation, which are typically characterized by significant economic changes and market volatility.

By their nature, options offer you the ability to alter your investment strategy in response to these changes. You might shift between buying and selling calls or puts, engage in more complex strategies like spreads or straddles, or even utilize options in conjunction with other securities to create a synthetic position.

The Flexible Nature of Options

The flexibility inherent in option trading is one reason they should top your list of investment strategies during high inflation periods. Unlike traditional securities like stocks and bonds, options contracts offer you the right, but do not oblige you, to buy or sell a base asset at a set price within a certain timeframe. This flexibility allows you to speculate on price movements in either direction, hedging against the risk of inflation eating into your returns. Bear in mind that option trading is an advanced skill – Master the art of option selling: A complete guide is a great starting point to learn the basics.

Potential High Returns in Inflationary Times

Another compelling reason to turn to option trading during inflationary times is their potential for high returns. Options can offer lucrative profits even with a relatively small capital outlay. Why is this? Well, an options contract gives you control over a significant amount of the base asset. If your prediction of the market is correct, your percentage return can be substantial. However, there is a flip side – the risk of loss is equally as high if the market goes against your predictions.

Options as an Inflation Hedge

Options serve as a useful hedge against inflation, reinforcing their position as an indispensable tool during inflationary times. Specifically, certain options trading strategies can help preserve your purchasing power. For example, a protective put strategy involves buying a put option for an owned stock. If inflation causes the stock price to tumble, the put option’s value will likely rise, offsetting the loss from the stock’s decline.

The Intricacies of Options Pricing

Inflation has a distinct influence on options pricing, adding another layer to its appeal. Key components in options pricing, such as interest rates and dividends, are directly impacted by inflation. As these factors change, the price of options contracts fluctuates, presenting opportunities for astute investors to profit from their strategic options positions.

Broadening Your Investment Horizon with Options

An often-underappreciated aspect of option trading is how it can help broaden your investment horizon. High inflation can often result in volatility in various sectors of the market. Options provide you with the unique capability to profit from this volatility.

For instance, sectors like commodities and real estate often fare well during inflationary periods. By using options, you can gain exposure to these sectors without the need for significant upfront capital, a feature not typically available with traditional investments. This capability allows you to diversify your portfolio across various sectors, further enhancing its resilience against inflation.

Remember, however, diversification does not guarantee profit or protect against loss in declining market. It’s vital to carefully consider your choices and strike a balance between risk and reward. Don’t put all your eggs in one basket and pin all your hopes on one option or sector.

Crafting Your Options Strategy

Creating an effective options trading strategy requires careful consideration of your financial goals, risk tolerance, and market expectations. It’s not enough to simply buy or sell options; success lies in understanding when to utilize different types of options and how to structure them to optimize returns and minimize risks.

Whether you are employing spreads, straddles, or strangles, your strategy should be adjusted to account for inflationary pressures. Keep in mind, successful option trading during times of high inflation isn’t about predicting specific price movements, but rather about making informed decisions based on market conditions and your overall financial strategy.

The Role of Financial Education

The world of options trading might seem daunting to begin with, especially when facing the unpredictability of high inflation. That’s why education plays such a crucial role. Understanding the mechanics of options, the strategies available, and the potential risks and rewards is key to successful investing.

Online platforms, books, seminars, and webinars provide a wealth of information for both beginners and experienced traders. Knowledge equips you to make informed decisions, adjust your strategies based on current market conditions, and potentially spot opportunities others may miss.

What’s more, keeping up to date with economic indicators and trends can help you anticipate changes in inflation rates and strategize accordingly. Subscribing to reputable financial news outlets and using financial analysis tools can aid in staying informed and making timely decisions.

Inflation can be daunting for investors, eroding the real value of traditional investment returns. Options, with their flexibility, dynamism, hedging capabilities, and potential for high returns, are worth exploring as a go-to during high inflation.

Understanding sBTC

To gain a comprehensive understanding of sBTC’s role in DeFi, it is important to delve into its definition and operational mechanism. sBTC, short for synthetic Bitcoin, represents a type of digital asset that is generated through the utilization of smart contracts on a decentralized platform. Its primary objective is to mimic the price fluctuations of Bitcoin, without necessitating direct ownership of the underlying Bitcoin asset. This distinctive feature makes sBTC an appealing choice for investors and traders who desire exposure to Bitcoin’s price dynamics, while avoiding the intricacies associated with the management and security of tangible Bitcoin holdings.

Enhanced Liquidity with sBTC

sBTC, or synthetic Bitcoin, offers numerous advantages when used in the decentralized finance (DeFi) realm, primarily by bolstering liquidity within the ecosystem. By creating a synthetic version of Bitcoin, sBTC facilitates smooth integration with diverse DeFi protocols and platforms. This integration paves the way for a wide array of opportunities for users, granting them the ability to engage in decentralized lending, borrowing, and trading, all while harnessing the inherent value and liquidity of Bitcoin.

Yield Farming with sBTC

Yield farming has gained significant popularity in the world of decentralized finance (DeFi) as it enables users to generate passive income by supplying liquidity to different protocols. However, with the introduction of sBTC, yield farming takes on a whole new level of possibilities. By utilizing sBTC as collateral, users can unlock additional opportunities for yield farming, thereby enhancing their potential for earning rewards through participation in DeFi protocols. This not only amplifies the potential returns for yield farmers but also plays a crucial role in bolstering the overall liquidity of the DeFi ecosystem.

Decentralized Exchanges and sBTC

Decentralized exchanges (DEXs) have emerged as vital components within the DeFi ecosystem, enabling users to trade tokens without the need for intermediaries. The inclusion of sBTC in DEXs introduces a groundbreaking capability, allowing users to engage in decentralized trading of synthetic Bitcoin. This integration grants an unprecedented level of accessibility and flexibility, revolutionizing the traditional financial landscape. Traders now have the convenience of seamlessly exchanging sBTC for other cryptocurrencies or stablecoins, thereby capitalizing on arbitrage opportunities and effectively managing their portfolios. The integration of sBTC into DEXs expands the possibilities for traders, fostering a more inclusive and efficient decentralized trading environment.

Risk Management and Stability

While the DeFi sector presents abundant opportunities, it is crucial to acknowledge the risks associated with utilizing sBTC as leverage. Similar to any investment, there are inherent risks such as smart contract vulnerabilities and potential market volatility. However, DeFi platforms are consistently enhancing their security measures and implementing risk management protocols to mitigate these risks effectively.

Furthermore, one approach to address these risks is by incorporating stablecoins alongside sBTC. Stablecoins provide stability and help reduce exposure to market volatility. By combining stablecoins and sBTC in DeFi strategies, users can create a well-balanced portfolio that minimizes risk while still benefiting from the advantages offered by synthetic Bitcoin. This approach allows users to navigate the DeFi landscape with a more measured and controlled approach, safeguarding their investments to a certain extent.

Conclusion

The emergence of sBTC has opened up new doors for investors and participants in the DeFi space. By leveraging sBTC, users can access the benefits of Bitcoin’s price movements while enjoying the flexibility and opportunities offered by decentralized finance. From enhanced liquidity to yield farming and decentralized trading, sBTC has the potential to reshape the DeFi landscape.As the DeFi ecosystem continues to evolve, it is essential for participants to stay informed and explore the possibilities presented by innovative assets like sBTC. By embracing this technology and understanding its intricacies, investors can position themselves at the forefront of the DeFi revolution.

One place where traders today can learn a lot of useful information is the Axia Knowledge Center, powered by the reputed global brokerage brand Axia. This award-winning CFD broker is now a leading name in the GCC market, already serving a wide and diverse audience of traders. You already know how important it is to work with a brand that puts your interests at the top. Well, Axia definitely seems to be such a brand.

Introducing Axia

Axia offers online CFD trading in popular assets like stocks, currencies, indices and commodities. The broad asset index combined with competitive spreads and fast execution are just one of the reasons why this brokerage today is among the top-rated in the MENA region.

Along the way, Axia received multiple awards at international events, including “Most Reliable CFD Broker GCC, 2023” and “Fastest Growing CFD Broker GCC, 2022”, among others. Added to these, the positive feedback shared by existing customers on the web suggests that the broker provides an edge for traders of various levels.

Regulatory compliance is paramount and it is good to know that Axia is regulated by the FSA, Seychelles, number SD034. Security of funds stems from regulatory oversight and segregation of customers’ money. Experts we’ve talked to believe that Axia managed to put together top technologies and digital measures to create a secure environment while trading online.

Knowledge Center uncovered

Education is truly the bedrock of a successful trading career, at every point along the way. With Axia Investments, customers have access to a comprehensive Knowledge Center, packed with relevant resources based on current market conditions.

You can read updated financial news and stay updated with all the price-moving headlines. New things happen every day and only by being fully aware of the fundamental background, can you successfully apply your own set of rules and develop a healthy trading routine.

If you’re a regular trader, you probably know how important it is to rely on technical analysis when trading short-term. That’s why you will be happy to know that Axia provides articles and videos on the topic. You can read or watch insightful content to understand the price action structure, support/resistance levels, potential turning points and more – for all the major assets that are part of the broker’s coverage.

Several trading books are also available from anywhere and at any time. We’ve gone over them, and we can definitely say they were constructed by pros. No doubt about that.

Traders Academy

Axia assembled a diverse account offering, and you can be sure that this can be an advantage for you. When signing up, you are invited to choose between Bronze, Silver, Gold, Platinum and Diamond accounts. Each has a specific list of features, and the most important one in our view is the access to the Traders Academy.

While Bronze account holders are not able to access it, for the rest of the account holders it is open with no limitations. Also, Axia unlocks an increasing number of features as your account gets bigger.

Other Educational Features

On top of the regular educational content, the Axia offering is constantly upgraded. This is good news, especially if you are new to online trading and still require more data and info. Axia updates you on a daily basis on what to expect in the hours ahead, based on reliable economic releases, as well as recent price developments.

Starting with the Gold account, Axia also unlocks access to WhatsApp Signals for its customers. Even if your schedule is crowded and you can’t monitor the markets, you get a notification on your phone every time a new potential trade setup emerges. While this doesn’t guarantee success, it’s a huge helping hand when you feel clueless about where the markets might be headed.

Competitive Trading Terms

When you sign up for an account with this broker, plenty of interesting benefits await, and we don’t have the ability to discuss all of them. Anyway, there are 5 account types available, to ensure both affordability and professional trading tools.

The Axia Trade platform runs on a browser, and you can use it to keep track of markets 24/7 without having to download any software. This is another aspect that makes Axia stand out from competitors, while also offering a customized trading experience.

Costs are optimal and spreads can reach as low as 0.4 pips, depending on the instruments you want to trade. Axia facilitates CFD trading, which means you can use leverage. Several promotions and benefits are currently running, and you can find out more about that on the broker’s website.

Opportunities emerge across the markets constantly, but to truly take advantage of them, you need proper knowledge and competitive trading terms. Education and a modern trading infrastructure go hand in hand, and Axia seems to be well aware of that.

Professional Support

Axia is advocating for a client-centric approach, meaning it’s possible to interact with dedicated customer agents at all hours during the trading week. Live chat, email and phone are the channels you can use for that, even if you are not a client. Once you register for a live trading account, though, it gets a whole lot more convenient

Starting with the Silver account, Axia offers assistance from an account manager. Beginners, in particular, might struggle sometimes to understand the basics, or how to use the trading platform. However, when you are backed by an account manager, it all becomes a whole lot simpler to grasp.

Summary

As a whole, Axia is not just a regular retail broker, but rather a financial powerhouse with a diverse range of trading-related services. Users have access to a comprehensive knowledge center, where the company regularly adds new and insightful content. As developments change how the markets behave, the only way you can stay one step ahead is with the help of technical analysis and financial news.

Achieving consistent results while trading stems from several factors, and education is definitely a basic one. Axia encourages responsible trading, and that is paramount since at the end of the day, your capital is on the line here.

There are innumerable factors that send promising new businesses to an early grave, but none so egregious as financial mismanagement. In this article, we cover some common financial management mistakes that small businesses and startups continue to make, and they can overcome the same.

1. Inadequate Cash Flow Management

Cash flow is the lifeblood of any business, more so than profitability in the case of small, up-and-coming startups. If your business runs into cash flow problems, either as a result of poor planning and forecasting, or unexpected expenses that eat into your liquidity, you will either have to settle for expensive short-term borrowing, or in the worst case, be forced to shut down operations entirely.

This is often the result of businesses trying to punch above their weight, that is, trying to do too much with limited resources, often referred to as ‘Overtrading.’ As such, it is suggested to regularly analyze cash flow statements and ensure that a business has enough liquidity to cover short-term concerns.

2. Neglecting Financial Records

According to a recent study by Clutch, as much as 45% of small businesses don’t employ a bookkeeper or an accountant. This might seem cost-effective, or even unnecessary during the initial stages of a business, but the lack of accurate record-keeping only serves to increase costs and instances of financial mismanagement in the long run.

Accurate bookkeeping helps with more than just record keeping and tax assessments, it helps business owners identify profitable areas, promising prospects, as well as the laggards, which is key for effective decision making.

3. Lack of Budgeting & Forecasting

As many as 29% of startups and small businesses fail, simply because they run out of capital before their ventures turn viable and become sustainable. This largely comes down to a lack of budgeting and forecasting among small businesses, which often make the mistake of handling and planning their operations one day at a time, completely losing sight of the longer game.

Without such robust forecasting and budgeting measures in place, businesses will often have nothing to rally their plans and strategies around, leaving teams, workers, and even entrepreneurs themselves in the lurch, especially when faced with challenging situations.

Fortunately, you can enhance your finance management by leaps and bounds with templates from Vena, and other similar services that offer simple and easy-to-use templates that don’t have any substantial learning curve to master.

4. Ignoring Tax Obligations

According to the IRS, small businesses pay $1,162 per year in penalties on an average, for the late payment of Federal taxes. It goes without saying that this weighs heavily on the finances of companies, especially those that are still finding their footing.

In addition to this, companies that fail to keep track of their tax obligations often end up in a perilous liquidity position during that time of the year, being forced to either opt for more expensive sources of funds, or curtail operations and expansions, in order to fund their obligations.

Final Words

Avoiding these financial management mistakes can put your small business on the path to success. Remember, a healthy financial status isn’t just about profit margins; it’s about intelligent money management. 

Consider seeking advice from financial experts or investing in financial management tools to ensure your business thrives. In conclusion, the journey of entrepreneurship can be a challenging one, but it’s also immensely rewarding. 

By steering clear of these common financial pitfalls, you can focus on what you do best – growing your small business. After all, every big business was once a small business that made smart financial decisions.