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Ultimate Online Trading Solution for Anyone

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Tradelax offers a wide array of tools. Customers can access more than 200 financial instruments and trade stocks, commodities, currencies, and indices.

Within the last 30 years, the financial industry has become the fundament of global economics. Trading futures and stocks assist organizations in creating additional sources of revenue for innovation and expansion. The development of the Internet allows anyone who has a computer to engage in trading without any limitations. However, it’s worth remembering that online trading is inevitably interconnected with certain risks, including scams, private data exposure, and fraud. How to avoid all of them? Well, first of all, you’d need to choose a reliable trading platform. Fortunately, we can suggest one – Tradelax. This article will provide a detailed Tradelax review.

Why Choose Tradelax?

Tradelax is the ultimate solution for anyone willing to engage in online trading. There’s no need to possess any experience in the financial industry to join. Tradelax offers guidance and training to all customers, and they can receive an overview of the platform fast and conveniently. There’s a whole team of employees dedicated to training newcomers; so, you’ll surely find assistance when needed.

As the leading trading platform, Tradelax offers a wide array of tools. Customers can access more than 200 financial instruments and trade stocks, commodities, currencies, and indices. All prices are updated based on live feeds from global stock exchanges. So, Tradelax’s clients are provided with the most accurate information. The platform offers a comprehensive solution for managing your portfolio, purchasing or selling assets, and receiving professional training.

It would be impossible to receive profits from trading without a proper market overview. Tradelax knows about this necessity, so, it has designed a convenient Stock Screener tool. It was created to assist both newcomers and experienced traders in reaching their goals. Stock Screener allows you to filter out stocks and companies in the most convenient way and obtain the needed data about any particular organization. There’s also a possibility to arrange companies by market capitalization, growth rates, or receive the highest/lowest market values of stock for a given period.

Technology and Security

When it comes to online trading, security is the ultimate consideration. Since you’ll be providing the platform with a set of personal information, it must do everything it can to protect the customers’ data. Tradelax recognizes the importance of proper security measures. So, it has implemented a comprehensive set of policies. You can actually see a proof of the site’s reliability right in your browser. In the URL typebar, there is a lock symbol, which suggests that the connection is protected by 128-bit SSL encryption. Through clicking on the lock, you can obtain the details of a digital security certificate issued to Tradelax. This information provides a clear answer to “Is Tradelax a scam?” once and for all.

Types of Accounts Offered by Tradelax

All Tradelax reviews mention a wide range of account types that were designed to suit every customer’s needs:

  • Starter. This account would perfectly suit the needs of newcomers. It doesn’t involve any deposit fees or up-front commissions, allowing you to explore the market without limitations. You’ll also be provided with a personal account manager and a bonus policy.
  • Advanced. This type is for more experienced traders who have already attained some knowledge of the market. The advanced account includes all features of the Starter pack while adding access to education tools, regular market update emails, and a 25% discount on swaps.
  • Expert. Expert account owners are provided with assistance from a senior account manager and receive live updates on the most important news. This account also allows hedging and including a fixed spread option, alongside advanced training from an experienced consultant.

What Else You Should Remember about Tradelax

You can leave all your worries aside. Tradelax.com is not a scam. The company is a trustworthy online trading platform, and it possesses all the necessary certificates.

And you can join the platform absolutely for free. There are no deposit fees charged for setting up an account.

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Chinese Electric Car Maker Xpeng to Raise $2B, to List on Hong Kong Exchange

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The increasing level of tension between authorities in China and the United States is forcing the hands of many US-listed Chinese companies to list on the Hong Kong stock exchange as a way of protecting themselves against both governments.

Per a report from CNBC, Guangzhou-based electric car maker Xpeng is on the verge of raising almost $2 billion via its listing on the Hong Kong stock exchange.

According to the report, Tesla‘s rival had said it would be issuing 85 million Class A ordinary shares at a price of 180 Hong Kong dollars ($23.19) each. It was also revealed that the final offer price will then be set on or before the end of June.

Going by this, it means Xpeng would be able to raise 15.3 billion Hong Kong dollars at the maximum offer price, which roughly translates to $1.97 billion, before related costs, such as underwriting fees are removed.

Interestingly, this affirms a previous report where it was indicated that the electric carmaker could be looking to raise new funds for its operations.

Xpeng’s new listing is quite unusual as it is another primary listing. While companies like Alibaba and JD.com have employed secondary listing tactics, as they have a main listing location such as the United States, and they are also selling their shares on another exchange. The carmaker is not towing the same path.

The CNBC report revealed that Xpeng’s new listing in Hong Kong would lead to a “dual-primary listing. That means it will be subject to the rules and oversight of both US and Hong Kong regulators.”

Another interesting aspect of this new listing is that Xpeng could still make more than the projected $2 billion if demand for its stock is high which would lead to the firm and its underwriters issuing more shares that would inadvertently lead to an increase in what the company would get from its listing.

The proceeds of the listing will be channeled towards the development and expansion of the product, “Xpeng said it would use the proceeds from the Hong Kong listing to expand its products and develop more advanced technologies, as well as marketing and expanded manufacturing.”

In recent times, the electric car market in China is growing as startups like Nio, Li Auto, Tesla and a host of others are competing for a share of the market.

Tensions between US and Beijing Pushing the Need for Xpeng Listing in Hong Kong

The increasing level of tension between authorities in China and the United States is forcing the hands of many US-listed Chinese companies to list on the Hong Kong stock exchange as a way of protecting themselves against both governments.

The Securities and Exchange Commission (SEC) has imposed stricter auditing requirements on foreign companies listed in the country. Failure to comply with this policy by these companies could lead to delisting.

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Oluwapelumi is a believer in the transformative power Bitcoin and Blockchain industry holds. He is interested in sharing knowledge and ideas. When he is not writing, he is looking to meet new people and trying out new things.



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VC Giant Andreessen Horowitz Announces Its Third $2.2.B Crypto Fund

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With this massive move a16z aims to bring crypto to the mainstream. To expand its operations, a16z is hiring some of the top officials who have worked in the financial regulatory and tech space.

On Thursday, June 24, venture capital giant Andreessen Horowitz (a16z) announced raising a massive $2.2 billion for its Crypto Fund III. The recent commitment from Andreessen comes at a time when the crypto market is relatively undoing massive correction.

GPs Chris Dixon and Katie Haun will be running the Crypto Fund III. Besides, the venture capital firm is also looking to expand its management team that looks after the crypto vertical. In its official press release, the company mentions:

“The largest crypto fund ever raised to date, Crypto Fund III is a validating moment for the ecosystem and another sign that crypto becoming an ever more mainstream part of our financial infrastructure”.

Andreessen Horowitz has been among one of the most active investors in the crypto space. The venture capital giant has also been an early investor in Coinbase Global Inc (NASDAQ: COIN). A16z netted $450 million from selling its Coinbase holdings immediately post its holdings.

Andressen Horowitz and Its Crypto Funds

Back in 2018, Andreessen Horowitz announced its first crypto fund raking $300 million of LP commitments. Its second fundraise came last year in April 2020 as the company clocked $550 million. The venture capital has now four times suggesting its aggressive penetration in the market.

The recent fundraising is a clear testament to the fact that institutional participation and interest in crypto continue to grow. Moreover, this move also helps Andreessen Horowitz to cement its market positions and compete with giants like Tiger Global. With the latest announcement, Andreessen’s total assets under management have moved past $18.8 billion.

A few days back, news publication Newcomer has already predicted that a16z has been working on a $2 billion crypto fund. Besides, the publication also noted that Andreessen already offloaded its crypto holdings before the recent price crash occurred.

Along with the fundraise, a16z also made some important announcements. The Silicon Valley giant is hiring some of the top players from the legal and financial markets.

Bill Hinman, the former official of the US SEC, joins a16z as an advisory partner. Hinman has been one of those SEC executives who has been instrumental in classifying Ether (ETH) as a “commodity”. Besides, a16z also hired several other top honchos from the crypto from the tech and the financial sector. The venture capital firm noted:

“As with any new computing movement, crypto has endured a variety of challenges and misconceptions. That’s why we are also bringing together heavy-hitters across several functions to help translate crypto to the mainstream.”

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Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.



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Digital Assets AG Launches Tokenized Stocks on Solana

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Founder and CEO of FTX Sam Bankman-Fried is convinced that the stock tokens by DAAG have the potential to cause a shift in market structure.

Switzerland-based Digital Assets has launched its tokenized stocks on the Solana blockchain. These tokens will be available only on the Free Traders Exchange (FTX) at the beginning.

According to DAAG executive, Brandon Williams, the move to Solana will make for more efficient and effective transactions. “It will create a more efficient environment for trading and utilization of tokenized stock,” he stated. The firm notes that a migration of the general traditional finance and capital market to blockchain technology is imminent and Solana is easily the chosen destination for any firm.

Solana is a blockchain network with an open infrastructure that allows any global user access to its network. It leverages Proof of History to achieve scalability, is known for its low cost, super-fast transaction speed and cross-compatibility. The firm recently raised $314 million by selling private tokens. This was done to raise support to accommodate its growing ecosystem and its vision to onboard a billion users.

The launch of the tokenized stocks by Digital Assets AG will allow users of FTX an in-route into the regular equity markets. Per the announcement, all users who have completed their Know Your Customer verification at the time of the initial offering will be able to access 55 free-floating stocks 24/7/365. These will include stocks for Facebook, Google, Netflix, Nvidia, and Tesla to mention a few.

These free-floating stocks are securities approved for trading on tokenized platforms. It excludes locked-in shares by company executives. Per regulation, the tokenized stocks of DAAG are only available in specific locations; with the stock tokens validated for the European Economic Area (EAA) by the endorsement of Liechtenstein’s Financial Market Authority. This means only users in the EAA will be able to make transactions with the assets.

Binance became the first major exchange to offer tokenized stocks after it partnered with DAAG in April. However, there have been regulatory concerns by users. With DAAG and FTX now in the league also, and with regulatory backing sorted, FTX users will be able to transfer assets between markets without restrictions, with near-instantaneous settlement and no counterparty risks.

Founder and CEO of FTX Sam Bankman-Fried is convinced that the stock tokens by DAAG have the potential to cause a shift in market structure.

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An experienced writer and Fintech enthusiast, passionate about helping people take charge of, scale and secure their finances. Has ample experience creating content across a host of niche. When not writing, he spends his time reading, researching or teaching.



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