Reversal Hammer Candle

hammer formation

The oscillator first crossed the oversold area from the bottom up. Then, the price and oscillator formed a bullish divergence, signalling a price increase. As with any other signal, the hammer alerts should be confirmed by other indicators. Some may take a short at the break of the low and use a candlestick close above high as a stop.


The bigger the time frame is, the more powerful the hammer candlestick is. One of the biggest mistakes traders do is to consider a hammer candlestick unbreakable. The white candlestick in this bullish pattern needs to be totally engulfed by the black candle’s body. However, the shadows are allowed because they have a small sizes and generally are non-existent. Financial trading is a standard investment method but is not as easy as it seems. However, you can make it easy with reliable and practical tools.

The second candlestick is quite small and its color is not important. The third bearish candle opens with a gap down and fills the previous bullish gap. Hammer candlesticks indicate a potential price reversal to the upside.


Price charts are used to interpret this unending battle. Candlesticks provide an extremely vivid interpretation of price patterns. By looking at a particular candlestick pattern, the trader can get an immediate visual clue as to who is in control of the market. Originally used in the 1700s by rice traders in Japan, candlesticks have gained popularity in the West for their picturesque terms and easy interpretation. In this instance the spinning top has a short or non existent upper shadow and a long lower shadow.

One candlestick has a significant body, while the other comprises a small body. Regardless of the bearish or bullish candlestick, all bullish Harami looks similar. Every candlestick pattern contains a wealth of information. These patterns are shifts in bullish sentiment to predict a possible uptrend in price movement. You should be aware that bulls may try to push price action higher. The second candle is bearish and closes at almost the length of the first candle.

There are 2 main limitations of using Inverted Hammer candlestick pattern. The main difference between a Doji and hammer is that the real body in case of hammer is small but non-zero and in case of Doji it is almost zero. There are 3 main limitations of using Hammer candlestick pattern.

Inverted Hammer Candlestick

These are strong reversal patterns and do not require further bullish confirmation, beyond the long white candlestick on the third day. After the advance above 160, a two-week pullback followed and the stock formed a piecing pattern that was confirmed with a large gap up. If you’re familiar with different candlestick patterns, you will recognize the above formation as being similar in appearance to the shooting star formation.

  • The rising three methods pattern is an excellent signal to bulls as bears still don’t have enough power to change the trend.
  • If the hammer’s body color was white, it would also qualify as a bullish harami since the hammer snuggles inside the body of the prior candle.
  • There’s a series of 3 bearish candles with long bodies.
  • Also, there is a long upper shadow which should be at least twice the length of the real body.
  • These two candlesticks are like a bearish harami candlestick pattern.

It is not a hanging man either, because it did not appear after an In other words, an inverted hammer has a tiny body near the bottom of the candle and a tall upper shadow. A more conservative approach would be to place a stop-loss order at the bottom of the hammer head. It’s important to note, however, that a stop-loss order will not guarantee execution at or near the activation price. When activated, it becomes a market order and competes with other market orders. A reversal hammer candle may be a powerful trade trigger in and of itself, but some traders also consider other factors to determine its relevance as a trade signal.

While a hammer candlestick indicates a potential price reversal, a Doji usually suggests consolidation, continuation or market indecision. Doji candles are often neutral patterns, but they can precede bullish or bearish trends in some situations. After all, no technical analysis tool or indicator can guarantee a 100% profit in any financial market. The hammer candlestick chart patterns tend to work better when combined with other trading strategies, such as moving averages, trendlines, RSI, MACD, and Fibonacci.

Bullish harami

On the other hand, if this pattern appears in a downtrend, indicating a bullish reversal, it is a hammer. A high wave candlestick or a long legged doji candlestick could be forming instead of a hammer candle. Or look at the pattern instead of getting hung up on what each candle is. We teach how to trade hammer candlesticks on our live daily streams. As mentioned earlier, the color of the hammer and inverted hammer candlestick can be both green or red. A hammer candlestick pattern is a reversal structure that forms at the bottom of a chart.

The gaps on either side of the doji reinforced the bullish reversal. Micromuse declined to the mid-sixties in Apr-00 and began to trade in a range bound by 33 and 50 over the next few weeks. After a 6-day decline back to support in late May, a bullish harami formed. The first day formed a long white candlestick, while the second formed a small black candlestick that could be classified as a doji. The next day’s advance provided bullish confirmation and the stock subsequently rose to around 75. After a decline, a black/black or black/white combination can still be regarded as a bullish harami.

The reversal patterns are helpful tools for identifying the way of fluctuation. Many types of reversal candle patterns help traders know prime moments in the market. Their patterns can be utilized in trading strategies to make beneficial moves.

When the market opens, the prices begin to fall because the sellers take control. When the selling pressure is at the peak, a buying pressure intervenes and pushes the prices high. This buying pressure indicated by the Hammer strongly drives the closing prices above the opening prices.

In this pattern, all three candles have small or no wicks. Finally, the third is a large red candle that closes around the middle of the first candle. The first is a large bullish candle that’s part of an uptrend. You’ll see stocks moving up and down every second of the day. A step by step guide to help beginner and profitable traders have a full overview of all the important skills (and what to learn next 😉) to reach profitable trading ASAP.

It’s important to note that the pattern does not guarantee a trend reversal. It is best used in conjunction with other technical analysis tools to confirm the signal. An inverted hammer candlestick pattern in traditional analysis is actually bullish reversal pattern. However, a more correct way to use it is presented in the encyclopaedia of candlestick charts and it is bearish continuation in nature. It has far more chance of success than the bullish reversal method.

Nevertheless, when traded with prudence and strict risk control measures, the hammer pattern does offer a solid contrarian trade set up with a viable edge. We can do this quantitatively by using an indicator such as the Average True Range, ATR indicator. However, keep in mind our strategy does not explicitly call for utilizing any type of indicator study. As such, if we just eyeball the hammer formation, we can be pretty confident that it is larger in size than the average candle within the downtrend.

How to trade a Morning Star candlestick pattern?

And, they succeed somehow closing the price near the top of the candle. When a hammer is formed during a period of heavy volume, it may indicate that the last group of longs has thrown in the towel. Note the volume spike on the day of the reversal hammer in figure 1. The rising three methods pattern is an excellent signal to bulls as bears still don’t have enough power to change the trend.


Apply indicators, for instance, the RSI or Stochastic Oscillator, to define oversold areas. Open a long position after you get a confirmation of the upward movement. To do this, you can apply the RSI or Stochastic Oscillator. There is no one best strategy, but we do have one for you that will open up another way of using the pattern. We’d like to remind you that this way of identifying a Stop Loss level can be risky as the risk may exceed reward dramatically. Libertex MetaTrader 5 trading platform The latest version of MetaTrader.

Charts with Current CandleStick Patterns

More specifically, notice how the length of the lower shadow is at least two thirds of the entire formation. A bearish harami is formed when a smaller red candlestick is preceded by a longer green candlestick, warning investors of a price dip. A conservative trader can enter on next day if the price goes below the close of the first candle of the pattern or open of the inverted hammer.

Various candlestick reversal patterns exist, but not all of them are equally strong or reliable. Some of the most popular ones include the bullish engulfing pattern, the bearish engulfing pattern, the bullish harami pattern, and the bearish harami pattern. An inverted hammer is a type of Japanese candlestick chart pattern used to predict a possible trend reversal. Therefore, this unique pattern can be interpreted as a bullish signal and offers traders entry levels for long buying positions.

What Are the Strongest Reversal Candlestick Patterns?

Did you read that headline and immediately wonder, “What exactly is a reversal hammer? ” To start, it is a term from a type of stock chart called a “candlestick chart.” Hammers are an easily recognized candlestick chart pattern, and they often form in and around market reversals. The falling window candlestick pattern indicates a continuation of the downtrend.

The candlestick should have a long lower wick and a small upper wick or the lack of one. If the candlestick has a long upper shadow, it’s not a hammer; more likely, it’s a doji candlestick. However, a trader can’t be fully sure the bullish trend will occur even after a confirmation candlestick. There are two examples on one chart that confirm the hammer pattern is one of the most frequent candlestick patterns. When talking about the hammer pattern, we should also mention the inverted hammer. It’s also a pattern that consists of only one candlestick that also has a small body and a shadow that is double the length of the body.

What is ACA ? Career scope as ACA and how is it different from ACCA?

The rising threats of Covid-19 have also opened up opportunities for online preparation and courses to determine a career as a Chartered Accountant in India. If you want to apply for the course you can register to the official website for more details on the papers in the course. The steps mentioned can be easily followed after one has passed class 12 examinations. A Chartered Accountant is answerable for a company’s financial accounts. They have to write accounts for a company, curate financial statements, and perform complicated financial analysis for a company.

aca degree

The flexibility and assurance of a high salary determine the security of their job position even during a declining economy. The control of the flow of income is in the hands of the Chartered Accountant and that secures his or her position as the financial head in the business. The foundation result of the Chartered Accountancy course is declared in January and in July and is valid for 3 years. A fee of INR must be paid for the application to the Chartered Accountancy course.

What is difference b/w ca and fca

Certified stage constitutes the next principles similar to Accounting, Assurance, Business and Finance, legislation, Management data, Principle of taxation. The Professional degree constitutes Business Planning, Business Strategy, Audit and Assurance, Financial Accounting and Reporting, Financial Management and Tax Compliance. The ACA modules cover a wide range of subjects, to enable you to develop a broad understanding throughout accountancy, finance and enterprise. They progress over three ranges and are designed to enrich the sensible expertise, skilled improvement and moral studying you gain all through your ACA coaching.

aca degree

After qualifying for the three levels of the CFA exam, the designation of “CFA Chartered” can be used. A CA who is granted this membership has been a member of the ICAI for less than 5 years. Such a person is entitled to use the ACA initials behind his name. CA foundation exams are conducted in the computer-based mode for over four days . The duration of CA exam papers ranges between two and three hours. With an average score of 0.5 percent, CA is considered one of the toughest courses in the world.

Top Universities for Chartered Accountants UK

Yes, CA is a sought-after program in the UK, and there is also a huge demand in the job market. English language proficiency certificate should be passed, i.e., IELTS or TOEFL. Comply with an ethical code and the values of integrity, objectivity, professional competence and due care, confidentiality, and proper behaviour. Experience in doing tax accounting work under FRS102, FRS101 and IFRS. Provide day-to-day support to Assistant Managers and Managers to assist with the delivery of tax computations and client service.

All those who successfully complete all three stages of the exams are called CAs. CA demand is certainly higher, as they are the only ones allowed to audit a company’s financial statements. The average passing rate tends to be 10 percent, indicating that 100 students will clear this exam out of a total of 1000 students. The CFA level 2 test consists of 240 multiple-choice questions divided into two sessions, each lasting three hours. The emphasis is on asset valuation, and candidates will be required to use ideas and methods taught in the Level 1 CFA Exam. It should be noted that if a candidate intends to take the Class 12 examination, he or she can enroll in the course.

And it is regarded as one of the world’s most important finance courses. Ahmednagar College has students coming from various regional, religious, social, cultural and economic backgrounds. Our aim is to help them to fully realize their potentials and to empower them to launch into their careers with confidence. We provide extensive support and comprehensive resources for our students to build upon. We provide them the tools to think with and the opportunities to learn from.

It is a multi-faculty institution, consisting of the faculties of Arts, Science and Commerce, affiliated to the University of Pune. Translating the ideas of the Founder, the College always strives to facilitate better teaching, better learning and better results. True to its mottoes, the College makes every effort to provide access to education to all who need it, irrespective of their background. Building personality, not merely producing degree-holders, is the purpose of education. The College continuously tries to go beyond syllabi so that learning becomes at once meaningful and intensive. Chartered Accountants are considered one of the most highly paid professionals around the globe.

Just 5 out of every 1000 entrants are expected to qualify for the CA Final Exam. Chartered Financial Accountants is also subdivided into 3 stages along with mandatory 4 years of practical training experience requiring a minimum of 4 years after graduation. CA is divided into three levels along with three years of practical training, taking at least 4.5 years after the 12th.

What is ACA and CFA average salary?

You must have a strong interest in finance to be a successful chartered accountant. If you have a flair for numbers, you may wish to seek an internship or work in a company that specialises in financial accounting. Becoming a CA shows you hold specific experience and qualifications. I definitely admire James23 for his hard work dedication and focus. He will likely have no bother with the exams since he has already studied accountancy and finance.

  • Our syllabus is based upon the guidelines of ACA exams and we also provide you study material advised by Adobe for these exams.
  • Becoming a CA shows you hold specific experience and qualifications.
  • The exam pattern for level 3 is totally different from that of CFA levels 1 and 2.
  • Students who complete the ACA qualification are rewarded with the title of “ICAEW Chartered Accountant”.
  • Experience in doing tax accounting work under FRS102, FRS101 and IFRS.

Did you know that graduates with music degrees are extraordinarily suited to accountancy? The intellectual skills required to learn , play and compose music are ideally suited to careers involving numeracy and mathematics. Successful ICAEW Chartered Accountants want the correct mix of information, skills and on-the-job experience. To comply with within the footsteps of our members and turn into an ICAEW Chartered Accountant, you will need to complete our globally-recognised ACA qualification. This would possibly involve financial reporting, taxation, auditing, forensic accounting, company finance, business recovery and insolvency, or accounting systems and processes.

Training for ACA exams in Pune?

They needed many technical courses and practical training that are used extensively to enhance business performance, reduce expenses, and increase profitability. Any design enthusiast who wishes to earn Adobe Certification and has the skills required to clear the certification can appear in the exam. We do not expect any formal degree in design to appear in the ACA exams in Pune. Participate in professional development training at least once a year to keep their skills and knowledge up to date. Students have to pass one of the professional accounting certificates from ACCA , ICAEW , or CIMA to become a certified Chartered Accountant. The minimum eligibility to pursue the CA course is 10+2 in any stream from a well-known university or board.

The examinations for an aspiring Certified Public Accountant in India are held in May and November. Follow the eligibility criteria of Institutes that offer the course on Chartered Accountancy. Learn about the basic concepts of cost accounting to add to your accountancy repertoire. Thus several our bodies have designed Chartered Accountant Course as per their suitability.

Depending on which level of study you wish to pursue, you can choose between three pathways to becoming a chartered accountant in the UK. It will allow you to gain the ACA qualification through the Institute of Chartered Accountants in England and Wales . It is considered the gold standard of accountancy qualifications. There’s a strong emphasis on continuing skilled development in this profession.

CA is regarded as accounting, revenue, regulation, audit, and finance expert. The need for a Chartered Accountant is also in demand as the business world expands. Each country’s rules and regulations are unique, and they differ enormously from each other. Even though all certifications appear to be difficult, the fact is ACA is harder than ACCA. First, ACA is long-lived, usually 3-4 years, while ACCA is only 2 years old. At the end of Advanced Level under ACA certification, one must go through a case study that is tougher than the last stage of ACCA tests.

The degree is recognized globally, making it easy for Chartered Accountants to get jobs and a high-paid salary in the long run. Keep in mind, too, thathealth insurance costsare rising regardless of Obamacare. Businesses have been putting extra ofthe value onto employeesfor years, simply to maintain theirprofit margins. Health care costs have been rising, on common, 3%-4% a 12 months, so insurance coverage companies are raising their fees to cover their profit margins. So if your medical health insurance costs have been rising, they will proceed to do so for these reasons.

To be qualified as a CA in India one needs to mandatorily clear the “final stage”. Fees for the ACA tuition provider will be in addition to the Birkbeck fees and are payable direct to the ACA tuition provider. The degree may be funded by your employer as part of an ICAEW training agreement or as part of your continuing professional aca degree development. Chartered Accountants enjoy a respectable job role in various businesses in the country. The profitability of this career option can be demarcated by an authentic comparison with other occupations in the country. Handling of finances in business has become essential given the expansion into the global market.

Is ITRADER a Scam? Read This Brutally Honest Review

They are now an unregulated broker and also do not have any authorization to provide financial services within the European Union. ITrader has a mobile app for iOS and Android, but the online reviews do not look good. The reviews are poor and customers say the functions offered are too basic.

This ban set a precedent, no financial regulator within the EU had ever rescinded passporting rights before this. European Economic Area agreements allow for brokers registered with a financial regulator in one country to offer services to all countries within the agreement. ITrader has recently faced catastrophic problems with financial regulators, culminating in their abandoning their CySEC license. They now operate as an unregulated broker with mediocre offerings. We are sorry to hear that you are not happy with our service.

Itrader is a regulated trading broker that will give you the possibility to invest in different underlying products. You will be able to invest in Forex, commodities, shares, indices, Bitcoins, oil, gold and silver. Itrader’s mobile application is based on Meta Trader 4 to manage and monitor your trades from your mobile device. You can safely trade Forex or Bitcoins, among other markets, anytime, anywhere. As expressed in their opinions, customers feel confident and secure in being able to draw on the support material.

itrader review

The suspension reinforced that the brokers do not have the authorization to provide financial services to any UK residents. For the month of the suspension, the broker would be unable to take on any new clients. June 1st, 2020, saw the beginning of a chain of events that led to Hoch Capital Ltd renouncing its CySEC license.

Shane first starting working with The Tokenist in September of 2018 — and has happily stuck around ever since. I certainly wouldn’t do business with anyone who makes persistant unwanted calls – that’s not business, it’s harassment. They keep calling constantly from different numbers so that I can’t even block they should understand I don’t want it when I never answer but they just keep calling and I keep blocking. Due to the numbers always being different I can no longer answer calls from others because I have to look up the numbers to see if it’s this business.

CySEC Suspends iTrader’s Activities

They offer appealing returns that may look promising and attractive and make you invest in that plan. But later, you will realize that you got scammed by the broker. Also, scammers, as you read in this Itrader review, are famous for not withdrawing your money.

I ended my relationship with the company and to this day I’m waiting on some 100€ withdrawal. Oh, someone did call me to try and get me back on board 2 months later. is a broker reviews website, and does not offer any investing advice or service.

As such, Hoch Capital and its trading names imposed to notify all active accounts and must not provide any financial investment services t the UK residents. Despite that Hoch Capital is CySEC regulated broker, FCA considers its trading practices and aggressive marketing promotion in the UK controversial to its MiFID obligations. However, due to my inexperience, I unfortunately quickly found myself in difficulty and decided to end trading. I’m a housewife, so i started trading on ITrader for getting extra money for my family. I knew almost nothing, but this platform provided me with the analyst, who taught me a lot.

itrader review

This was likely about iTrader’s and the other brokers’ reported marketing of complex CFDs to amateur traders. Their statement cited several violations from the brokers. CySEC claimed that the brokers did not appear to act honestly, fairly, and professionally when providing investment services to clients. However, a series of issues with both CySEC and the FCA led to the company renouncing its license and abandoning its CySEC registration.

top broker

At Itrader, the interests of its clients prevail and it has an investor compensation fund. In Cyprus this fund guarantees a sum of up to EUR 20,000 to each client in the event of the broker’s insolvency. It is a secure broker that, being regulated by the Belizean authorities, is obliged to comply with MiFID standards.

You will also receive free education related to the trading market, through videos, tutorials, courses, ebooks and webinars. According to users’ opinions, trading with Itrader will make you feel safe and secure when investing, due to all the protections it offers. They recommend this broker for the integrity and transparency of their financial system. You will be able to invest in all the products offered by Itrader, such as Forex, commodities or Bitcoins, with no commission fees. This broker prioritizes its clients so that they can enjoy their trading experience to the fullest.

You can do it safely, with the necessary guarantees regarding the deposited funds. In the trading section of Itrader you can learn all the details about the financial products it has to offer. You will also find CFD trading tools that will make you trade safely. You can use your Itrader account on the various platforms it offers, both in Meta Trader 4 and Web Trader.

The website contains a lot of information but it is not very well-structured and that means that you will not find easily what you’re interested in. Demo accounts are available, without the need to deposit first and the trading platform is one of the best out there in my opinion . You can also find a slightly simpler version that is entirely web-based and doesn’t require any download or installation .

Mobile Platform

Itrader claims to be an online investment broker like any other. They offer managed investments in forex funds, stocks, bonds, commodities, and contracts for difference , or derivatives as they are often called. In all, ITrader claims to offer trades in more than 170 different assets, including cryptocurrencies and market indexes, and all of these assets can be used as underlying assets for a derivative. This broker aims to attract retail traders, but the team at iTrader seems to have more experience in web-commerce, as opposed to financial services. The information provided on the broker’s website is light, to say the least.

Meanwhile,iTrader is also an official online trading Partner of Manchester City Football Club in EMEA. ITrader offers three different account types Silver, Gold and Platinum that are diversified by their offering according to the trader’s type and the size of operations. Moreover, the Islamic Account for the traders that follow Sharia rules is available upon request too. Their agents/brokers make false promises that you can earn lots of money within a short period of time. I had invested a fairly big amount of money in this company four years ago and am still waiting to get my money back, not to mention the profit.

  • The Taxation and Economics Prosecutor’s Office suspected the broker of misleading clients, again, and exploiting customer’s inexperience with binary’s options, pressuring them to invest.
  • You will need to download the application to your smartphone or tablet from the App Store for Apple iOS systems or from Google Play for Android systems.
  • Rather than implement the changes necessary to meet CySEC regulations, the broker decided to abandon their CySEC registration.
  • Within the educational section we can see eBooks, webinars, courses, articles, and tutorials.
  • We are very happy to hear that your issue has been resolves to your full satisfaction.

Through this application you can monitor Forex trading operations in an easy to understand way. According to the users’ opinions, from the Itrader application you will have the possibility to manage your account without being an expert. You will be able to open and close positions and you will also have multiple technical indicators and charts available. Webtrader is a web-based platform that you do not need to download or install.

Signed up with ITrader and deposited …

The withdrawal process is protected by high-tech encryption protocols, so you can do it safely and confidently. Itrader offers free Forex related education through video on demand, tutorials, e-books and courses. These tools are very useful for technical analysis of trading strategies. You will need to download the application to your smartphone or tablet from the App Store for Apple iOS systems or from Google Play for Android systems.

Suggested companies are based on people’s browsing tendencies. Should you decide to continue your search for the most suitable forex broker for you, other considerations might be IG, eToro, and/or Interactive Brokers. Support can be reached either through email or phone, depending on your preferred method. There is a disappointing FAQs section that carries the same uncared for trend we’ve seen so far.


That said, while this is a red flag, we’d like to point out a few other concerns before concluding that Itrader falls completely into the full-blown scam category. Many startup companies are founded in these countries precisely because there’s a lot less red tape to cut through than there is in Europe or the US. Itrader is a company that’s been doing business in the foreign exchange market since 2012.

Users, being the most valuable asset of ITRADER, receive the comfort of a large operation – unlike any other in the online market. As a customer, you can enjoy full 24/5 support and a variety of financial services which encompass Forex and stocks, commodities and indices. Operating on a global level, ITRADER gives you the flexibility you need to trade from anywhere in the world. Itrader provides you with a free demo account for 14 days. You will have 50,000 euros to test the trading platform, applying all your trading strategies safely before starting to trade with real money. Domain Nameitrader.comDate RegisteredApril 22, 1999Domain Age23 years, 5 months, 20 days, 1 hour, 16 minutes, 54 secondsAre you looking to trade with Itrader broker?

They gladly pocketed my money, and believe it or not, suddenly I had payback on my credit card account of the overwhelming sum of 50 €! Do not trust this company with any money to “invest” according to itrader review their advices. I put in altogether l.250 € following their “councelling”. Immediately after I opened an account I started to get unsolicited calls from callers with a Russian accent based on “Cyprus”.

If the account is inactive for 3 to 6 months, the monthly fee is 120 EUR or equivalent and for accounts without activity for more than 6 months, the fee goes up to 200 EUR or equivalent. These are extremely high fees, so be aware and take the necessary action to avoid paying them. Also, keep in mind that if you want to withdraw before trading as much as ITRADER whats you to, they will charge a 50 EUR fee.

iTrader Datasheet and Features

After a week if this i’d had enough and asked to close the account. Itrader utilizes the MetaTrader4 trading platform, which is available both on desktop as a complete suite and through a mobile app. The MetaTrader4 is also the most popular software used by fraudulent trading companies worldwide. As you can see, after getting to know all the features of Itrader you can conclude that it is a very good trading option.

1:1 bonus share, 1:2 stock split: Multibagger NSE SME IPO turns 1 22 lakh to 28.60 lakh in six months

cdsl every month

Zensar technologies has recently pivoted its focus completely to AI solutions, with its R&D department Zensar AIRLABS at the forefront. The company is focused on sales, marketing, IT, as well as talent supply chain and HR solutions. Meanwhile, soaring U.S. bond yields are pressuring valuations and complicating the picture for tech and other growth stocks, whose expected future earnings are discounted steeply by higher yields. Yields continued to rise this week, with the yield on the benchmark 10-year Treasury note hitting a fresh 14-year high. Adobe, a software corporation, has entered an IT era that predates both the cloud and the Internet.

7 Stocks to Sell as Storm Clouds Appear on the Horizon – InvestorPlace

7 Stocks to Sell as Storm Clouds Appear on the Horizon.

Posted: Mon, 10 Apr 2023 23:59:38 GMT [source]

Magellanic Cloud added that it will implement the bonus issue within 15 days from the date of approval of the issue by its board of directors. ICICI Securities is not making the offer, holds no warranty & is not representative of the delivery service, suitability, merchantability, availability or quality of the offer and/or products/services under the offer. The information mentioned herein above is only for consumption by the client and such material should not be redistributed. 1,602.40 apiece on NSE in January 2023, delivering over 1200 per cent return to those allottees who remained invested in the stock despite skyrocketing stock price post-positive listing. KYC is a one time exercise while dealing in securities markets – once KYC is done through a SEBI registered intermediary (Broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.

Our research team is composed of some highly qualified research professionals, their expertise range across sectors. It tracks a two-day bearish reversal pattern where the stock opens the next day at a new high then closes below the midpoint of the body of the first day. Ichimoku bullish/bearish kumo break for 5 min scan- Ichimoku bullish/bearish kumo break with bullish/bearish future kumo. At the breakout rsi should not be overbrought or oversold for more higher probability of follow up.

Cloud computing is a type of technology that enables people and companies to save their data in large data centers that are spread out globally. For example, instead of saving your documents and files in your computer, you can save them on a cloud platform. Premium data includes stock ratings for overall dividend quality, yield attractiveness, dividend reliability, earnings growth, valuation, and price momentum in addition to payout estimates for future dividends.


Buying at a high price is not a trend for a good investment, but with Okta stocks, an insight into the company’s growth shows that these stocks are still a great buy. Keala is an experienced freelance writer and has written for a wide variety of websites and has covered many topics, from stock market tips to consumer goods, with a specialty in healthcare and pharmaceutical stocks. He has experience with aggregate news writing, press releases and content pages. His strong media and communication background includes a bachelor of arts degree focused on drama and dramatics/theater arts from the University of Washington.


Customer relationship management has multiple advantages in the business realm. Adobe is the leading free cash flow generator in the cloud market, because of the organic growth still generated by its heritage products. Cloud computing’s versatility enables a slew of new services and business models. Investors can now participate in completely new sectors with enormous potential markets. Companies all over the world have been migrating to digital cloud data and services, which are kept in faraway data centers and accessed via the Internet, for years, but the increase of pandemics and remote work is hastening this trend. This means that corporate data may be accessed and edited from anywhere, rather than being backed up to a single physical location where it could be lost or corrupted.

IT – Software

The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Nonetheless, Snowflake is more than just another inflated tech bubble that has burst; I think it’s one of the few stocks with a price-to-sales (P/S) ratio above 20 that’s still worth holding on to. Salesforce comes up with a “moderate buy” with 25 buys, 10 holds and one sell.

However, it has grown into a leading provider of functions of financial markets services by adapting its big and growing platform to the cloud era. The record date for issue of bonus shares has been fixed on Wednesday, 22 March 2023. For all other news related to business, politics, tech, sports and auto, “The unstructured, highly diverse paper BOLs have created very manual processes to track, plan, and bill freight handling for decades and one of the toughest problems to solve in the logistics industry. is a part of ICICI Securities and offers retail trading and investment services.

  • This will bring IT stocks back in the limelight and action is bound to happen.
  • According to Gartner, global cloud computing spending would climb from over US $ 270 billion in 2020 to overUS $ 332.3 billionin 2022.
  • The technology-heavy Nasdaq Composite index fell 3.4%, whereas the S&P 500 was down 2.5%.

It carved a choppy triangle with resistance at that level and broke out in January 2019, entering a trend advance that posted a nearly 250% return into last week’s all-time high at $147.79. Among the best-of-breed cloud stocks, only ServiceNow’s guide shows sequential growth. The company’s QoQ growth was 7% last year and is expected to be 8% this year. The largest deceleration was in GitLab Inc. , with revenue that grew 12% QoQ last year, is expected to decline (4%) sequentially this year.

Blue Cloud Softech Solutions L Share Price History

Customers that were underspending in the prior quarter are now outpacing expectations, demonstrating how non-discretionary enterprise spending is. EMEA was strong despite the fact that Europe is in a recession, highlighting the secular component of Snowflake’s business. Yes, you can purchase fractional shares of Kingsoft Cloud or any other US company shares in Angel One for any dollar amount. These include Hindustan Foods, Greenply Industries, Rohit Ferro-Tech, Hindustan Motors, Manaksia Coated, Innovators Façade, Lancor Holdings, Nivaka Fashions and Gita Renewable. The penny stock group has names like Shree Krishna Paper, Kabsons Industries, Arihant Tournesol, MPDL, Unistar Multimedia, Seven Hill Industries, CLIO Infotech, Asya Infosoft and Parker Agrochem. We ran an exercise to see which stocks are under such a dark cloud cover and could in effect see a downtrend.

Companies that provide hardware, such as semiconductors face significant cyclicality in earnings as inventory management exacerbates weak demand. We collect, retain, and use your contact information for legitimate business purposes only, to contact you and to provide you information & latest updates regarding our products & services. Pay 20% or “var + elm” whichever is higher as upfront margin of the transaction value to trade in cash market segment. The market capitalization of Kingsoft Cloud on April 12, 2023, is $2.12 B.


Moreover, we gave weight to the market sentiment around each stock and only included stocks that had positive market sentiment. These stocks are ranked according to their popularity among elite investor circles, from least to most. Cloud computing is a rapidly growing industry that is transforming the way businesses and consumers access and use digital services. By leveraging cloud computing, businesses can achieve greater scalability, flexibility, and efficiency compared to traditional IT solutions.

Most Read

To help illustrate how the deceleration is quite steep for some best-of-breed names, we took a sample of the top-ranking cloud stocks on revenue growth, free cash flow, adjusted operating margin and/or valuations. Cloud will see belt tightening in 2023 and investors will have to gamble on the timing for when this turns around. Her tech conference appearances date back to 2014 and her analysis began garnering press in the same year.

Fastly, Inc. ope an edge cloud platform for processing, serving, and securing its customer’s applications in the United States, the Asia Pacific, Europe, and internationally. According to Facts and Factors Market Research, the global cloud computing market in 2019 was approximately $321 Billion. Alteryx, Inc. cloud stocks analytic solutions allow businesses to conduct sophisticated numbers-crunching for a broad variety of applications. A March 2017 IPO opened at $17.25, generating an immediate uptrend that stair-stepped into the low $60s in September 2018.


Although historical growth has been significant, there is still a long way to go as businesses shift more of their operations to the cloud. Although cloud computing increased significantly in the 2010s, the next-generation IT industry is still in its early stages. Analysts expect the Fed to raise rates 6-7 times this calendar year each by quarter of a percentage point. The vast majority of the company’s more than $1 trillion mega-valuation and its revenue is based on its flagship Azure, Office 365, and core enterprise-driven franchise, according to Ives. Do you have the nerves of steel or do you get insomniac over your investments? The enterprise cloud software giant shed 58% of its value from peak to trough — an excessive drop for one of the Dow Jones’s most recent additions.

Blue Cloud Softech Board Meeting/AGM

The internet is one of the most important utilities we have right now, and we are constantly striving to improve speed. Sterlite provides optic fiber cables solutions and has a 45& share of the market, making it easy to recommend, even by the best stock market advisors. An older of the companies on the list, 3i infotech was incorporated in 1993, and has revamped its offerings to suit the digital age, focusing on providing cloud based solutions. Intellect Design Arena focuses on providing banks with financial technologies that will help them grow their business, alongside offering a multi-product fintech platform. Tata Elxsi could be one of the best short term investments as it is a Tata subsidiary, and has been in the market for the last 25 years. The company focuses on AI and analytics, ranging from video analytic solutions to self-driving cars.

On Wednesday the WisdomTree fund fell 7.5%, the sharpest decline since June. The technology-heavy Nasdaq Composite index fell 3.4%, whereas the S&P 500 was down 2.5%. Blue Cloud Softech Solutions L shares closed yesterday at ₹57.88 on the BSE. Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

  • The cloud is increasingly becoming the foundation of the future’s technology.
  • For the first quarter, Veeva forecast revenues of $514-$516 million and an adjusted EPS of $0.79-$0.80.
  • Of these, nine are penny stocks with market cap under Rs 50 crore and the share price in single or double digits.
  • Yes, you can purchase fractional shares of Kingsoft Cloud or any other US company shares in Angel One for any dollar amount.

The cloud computing industry is projected to grow at a rapid pace. According to a report by Grand View Research, the global cloud computing market was valued at roughly $369 billion in 2021. The market is expected to reach a valuation of $484 billion by the end of 2022. For the first quarter, Veeva forecast revenues of $514-$516 million and an adjusted EPS of $0.79-$0.80. The market was looking for revenues of $547.47 million and an EPS of $0.97.

Psagot Value Holdings Ltd. reduces holdings in First Trust Cloud … – Best Stocks

Psagot Value Holdings Ltd. reduces holdings in First Trust Cloud ….

Posted: Tue, 11 Apr 2023 19:47:58 GMT [source]

And with $4.1 billion in quarterly revenue – up 21% from the year prior – and $15.8 billion in full-year sales (+23% YoY), the company managed to achieve record Q4 and fiscal 2021 revenue levels. Please read all scheme related documents carefully before investing. Past performance of the schemes is neither an indicator nor a guarantee of future performance. NextBillion Technology Private Limited makes no warranties or representations, express or implied, on products offered through the platform. It accepts no liability for any damages or losses, however caused, in connection with the use of, or on the reliance of its product or related services.

LimeFx scam: LimeFx Review & Rating 2021 » Is LimeFx Reliable or Scam?

LimeFx scam
LimeFx scam

The videos are also a nice touch as they can be run in background when you are conducting your analysis. Some of them were a bit difficult to understand on account of the accent of the presenter which is slightly unfortunate. These are research pieces that are published on a daily basis. They are a combination of written reviews as well as video pieces. These seem pretty comprehensive and the author / presenter knew what they were talking about. You can think of this as a trading loyalty program where you are rewarded for the volumes that you trade.

LimeFx scam

Evaluating the «LimeFx» broker in general, it should be noted that the company is one of the oldest, largest and most reliable. Seventeen years of experience in the Forex market morphs into excellent customer service. The required starting deposit is not so high, and even in the promotional periods can often be only a few dozen dollars. At the same time, «LimeFx» specialists train inexperienced traders, and trading signals are issued to all interested customers absolutely free. Should you deposit a large enough amount, you may be eligible to be designated a premium client. Many brokers and platforms offer this type of service for a large deposit and depending on your plan, it can be an added benefit.

LimeFx Best Countries by Traders

We will be glad to see into your case and provide you with the answer in no time. If you’d allow us to, we would like to look into your inquiry and give you a full explanation of your situation. Kindly send us your MyLimeFx account number and your trading account number to , providing a detailed explanation of your issue. We will check the information and provide you with a response. Please attach your personal account number to so that we can deal with the issue.

Cryptohopper Review 2023: Is It Safe Bot to Trade Crypto? – CryptoNewsZ

Cryptohopper Review 2023: Is It Safe Bot to Trade Crypto?.

Posted: Thu, 16 Feb 2023 08:00:00 GMT [source]

There is a decent selection of forex currency pairs along with spot metals, spot CFDs, and a a limited range of cryptocurrencies. I highly recommend checking out LimeFx for a better range of assets for trading. LimeFx is an ECN broker which means that they offer Straight Through Processing of their client’s orders. This means that on these ECN accounts, traders are getting close to the market rate on some pretty low spreads. LimeFx provides traders with the MT4 and MT5 trading platforms, but only the basic version.

Some of the contests for traders include “King of the Hill” and “Trader Wars”. They state the size of the prize pool lime fx as well as the number of participants. For investors, there are contests called “Virtual Reality” and “Formula FX”.

We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have publishedour review process that includes a detailed breakdown of the LimeFx offering. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker.

Typically Broker confirms withdrawals within 2 business days, additionally it will take around 5 working days for money to arrive too your account, which also varies by method and your country. In addition, traders within the LimeFx are able to perform account-to-account transfer in USD, EUR, and GLD limefx review currencies with no commissions. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Once you have consumed the appropriate articles, you can look into the economic calendar and other important features of LimeFx.

Traders have access to 1,947 strategy accounts for LimeFx CopyTrade. Despite its past difficulties, LimeFx International remains a trustworthy broker with a distinct focus on emerging and frontier markets. Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions. LimeFx International also offer a Loyalty Cashback program and other regular promotions to its clients. I was an old LimeFx customer and I know the company was closed and acquired by another company. Someone pretends to be the deceased LimeFx with this .org address and it looks like a lot of people are falling for it.

Is LimeFx scam or safe?

Overall, LimeFx review features the company with a long history of operation, which passed numerous crises and hard times nevertheless, managed to offer global services to thousands of their clients. LimeFx brand is indeed reputable one among the market offering, notwithstanding the fact of its weak point of recent regulation. Nevertheless, we can recommend LimeFx as a trustable broker to trade with.

Is LimeFx regulated?

LimeFx International is regulated and licensed by the Financial Services Commission of Mauritius, license number C113012295 Code FS-4.1, Code SEC-2.1B. We only work with reputable financial institutions and liquidity providers, and follow strict anti-money laundering procedures.

The only thing that you will need to do in order to get access to the demo account is to submit your email address and other personal information. They will send you the demo login details to the email that you provided. When you are trading with such high degrees of leverage, the fees and spreads on can make or break your profitability.

Deposits and withdrawals

While this is a great start, reliability ultimately comes down to the platform, broker and all of the assets offered to you the trader. This is a reliable start to anyone looking for information, but let us continue on and see what else LimeFx provides. LimeFx’s MT4 and MT5 apps allow traders to work from anywhere, with nine timeframes, 30 indicators, and interactive currency charts. Functionality to close and modify existing orders, calculate profit/loss in real-time, and tick chart trading further empowers traders while on the move.

This includes all of the major FX pairs and a number of minor pairs. This is because the agency does not require the broker to meet minimum requirements in terms of reporting, capital buffers other client protections. They are a self regulating and external dispute resolution body. All of these have corresponding trading conditions as highlighted in previous paragraphs, so it’s easy to determine which ones are for beginners and which ones are not. The Standard account, the Micro Account, ECN Account and the ECN Pro Account.

The written material available is mainly composed of a Beginners Guide to Forex Trading. This includes an explanation of the main concepts involved in Forex trading and a glossary of the most commonly used terms. It’s capped off with an introduction to the different types of charts used by traders. LimeFx’s trading tools are severely limited compared to other similar brokers.

Can I trust LimeFx?

LimeFx is considered low-risk, with an overall Trust Score of 67 out of 99. Learn more about Trust Score.

For the convenience of its customers, «LimeFx» provides the opportunity to work for a while on a demo account. This work does not require a deposit, and the acquired experience is quite real. In addition, the company regularly conducts online training seminars, as well as residential classes for those wishing to participate. So once you need to fund a live trading account, you’ll have a selection through major payment options along with special offers from the company, for commission-free deposits. However, few options may be eligible for fees, thus check it with customer service as to your applicable region.


Finding a capable and reliable broker is essential for successful online trading. Investors must ensure that a broker is not unreliable or fake to avoid losing their LimeFxs. With the growing cryptocurrency market, there are too many brokers out there, making selecting the best broker a Herculean task.

Forex is the international currency market that allows you to earn from the difference in exchange rate fluctuations, but it is not suitable for all investors. Please familiarize yourself with the basic concepts and first try trading on a demo account. Overall, LimeFx appears to be a solid broker and allows you to trade on the various platforms. Ensuring it is the right fit is important, and not only that but a demo account allows you to test your strategies before committing financially.

LimeFx Trading conditions

Spreads are generally wider than market execution accounts, but no commission is charged, and they are available as swap-free accounts. LimeFx clients in the UK will be trading with LimeFx Limited, registered in St Vincent and the Grenadines . For all intents and purposes, the BVA FSC is not considered a forex broker regulator and applies no supervision of any CFD trading-related activities. Clients must rely solely on the reputation of LimeFx, as no additional measures exist to ensure client protection.

LimeFx scam

These differ according to a number of factors including the type of platform, minimum trade size and processing type. They have standard accounts, pro accounts and their ECN no dealing desk accounts. So as you can see, the Pro MT4 ECN and the ECN MT5 accounts have spreads that start at close to zero.

LimeFx Features and Options

For example, a fee of 1.2% + 2.9 EUR is charged for withdrawals via debit cards/credit cards. LimeFx derives most of its revenue from spreads and commissions. As you can see from the table above, the trading costs on the commission-free Nano MT4 and Standard MT4/MT5 Accounts are 17 USD, making these rather expensive options. While UK residents may be apprehensive about trading under a subsidiary that is essentially unregulated, LimeFx is regulated by the FSC and the FSA.

  • LimeFx International neither provides in-house research nor does it source research from third-parties; market commentary on a company blog is equally unavailable.
  • Justin is an active trader with more than 20-years’ industry experience of working for big banks and hedge funds.
  • It is also worth pointing out that LimeFx will not credit your funds if you send them from a third-party account.
  • There is a lot of information about forex platforms and different scam brokers nowadays, but unfortunately a lot of people still fall into the net of these scammers.
  • If traders plan on trading individual stocks and cryptocurrencies, the maximum leverage becomes less due to regulatory rules.

LimeFx is a member of The Financial Commission, an international organization engaged in the resolution of disputes within the financial services industry in the Forex market. LimeFx is a leading broker, offering forex trading to both professional traders and beginners. NB RB license, CySEC, FSA, free demo, promotions, bonuses, etc. Standard LimeFx Spread for EUR USD is 1.1 pips, while ECN account offers raw spread plus the commission charge.

A copy of the trader’s ID and one proof of residency document, issued within the last three months, will satisfy that requirement in most cases. LimeFx International offers a refer-a-friend promotion, which also extends to family. High-frequency traders will benefit from the LimeFx Cashback Program, which lowers the overall trading costs. Traders receive the payouts weekly, and there are no points, vouchers, or discounts. It remains one of the most straightforward and fair reward programs. Terms and conditions do apply, and traders must read and understand them before signing up.

The Minimum Capital Requirement is MUR 1,000,000 , which is not compatible with that set, for example, by FCA . However, in most sea zones there are no preconditions for a forex brokerage assets. Both types of accounts are commission-free and offer micro-propositions for trade. LimeFx enjoys a market-leading position in North America but at the cost of an uncompetitive trading environment in the rest of the world. This broker executes its business model properly and is undoubtably a solid choice for North American traders.

AirToken ICO Token Sale Review And AIR Token Analysis

In fact, the poor end up paying more for banking and telco access than the rich. Mobile internet affordability and mobile capital accessibility are the main prohibitors for users to have unfettered internet usage. Now that the pre-sale is over, we have been listening to our community and assessing their feedback.

The company informed potential investors that they were contributing to “the development of the AirToken Project,” described as an ecosystem to be created by the company in which AirTokens would serve as a medium of exchange for mobile data, physical goods, and micro lending. On November 16, 2018, the US Securities and Exchange Commission , in separate actions, settled charges with Carrier EQ Inc. d/b/a AirFox and Paragon Coin, Inc. , alleging that each entity had launched an initial coin offering that constituted the unregistered sale of securities. The AirToken system provides greater access to capital at cheaper rates, expands access to mobile capital through pre-paid wireless accounts, and improves the lives of underserved lower socioeconomic classes. While the intentions of Airtoken are good and great for the developing world, lack of awareness in the developed world is hard on the token price and the rather competitive market formicroloansis large, coupled with access to technology could be the factors that are preventing Airtoken to take off. As a part of the settlement, AirFox agreed to undertake significant remedial actions, including registering the AirTokens as a security under Section 12 of the Securities Exchange Act of 1934 and timely making all required securities filings under the Exchange Act. We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

The latest version of the AirToken whitepaper (version 3.0) contains numerous updates, additions, and tweaks that answer questions raised by pre-sale purchase inquiries, clarify any ambiguities and reflect advice provided by legal counsel. Will be able to apply and qualify for microloans in AirTokens later this year. Earn AirTokens by viewing advertisements on their devices, completing offers (surveys, videos, downloading apps, etc.), and browsing the internet. In which light to see the different markets, the pros, and the cons to make better decisions. I am sure this project will attract a lot of big investors around the world and I will consider investing some of my assets in this project if the project is supported by many investors. It is a deep-dive for technical investors who want more insight into how the AirToken microfinance system works.

The token sale or exchange event is entirely unrelated to ICOholder and ICOholder has no involvement in it . Token sales listed from persons that ICOholder has no relationship with are shown only to help customers keep track of the activity taking place within the overall token sector. This information is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice or carry out your own due diligence before taking, or refraining from, any action on the basis of the content on our site. Any terms and conditions entered into by contributors in respect of the acquisition of Tokens are between them and the issuer of the Token and ICOholder is not the seller of such Tokens. ICOholder has no legal responsibility for any representations made by third parties in respect of any Token sale and any claim for breach of contract must also be made directly against the Token issuing entity listed herein.

Yesterday the Wall Street Journal published an article stating that the SEC subpoenaed the crypto lending firm SALT Lending along with ShapeShift CEO Erik Voorhees. According to the WSJ, the federal agency launched an investigation against the company since the tokens issued during SALT’s $50 million ICO could be considered as securities. As SALT’s tokens are not registered with the SEC, the federal agency could find them as non-compliant securities, in case they determine the digital currencies as securities after the investigation has finished. Instead, we will offer interested white-list token purchasers the ability to purchase $300 to $10,000 USD in ETH or BTC before the ICO. White-list purchasers will need to fill out KYC (“Know Your Customer”) information on a website form and send their ETH or BTC to us before the ICO begins.

Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on This SEC practice is designed to limit excessive automated searches on and is not intended or expected to impact individuals browsing the website. To ensure our website performs well for all users, the SEC monitors the frequency of requests for content to ensure automated searches do not impact the ability of others to access content. Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests. Users will be able to redeem micro-loans of AirTokens for physical and digital products across our ecosystem.

MATIC, Snowfall Protocol (SNW), and Solana (SOL) (SOL) Surge in Early 2023 Crypto Rally

Much of this group – an estimated 2 billion people globally – is also unbanked or underbanked and lack an established record of credit. What is particularly notable about the AirFox and Paragon cases is the sort of information the SEC cited as evidence that the ICO actually constituted the sale of securities. Despite the language in the offering documents and other formal contracts, the SEC relied upon blog posts, Reddit, YouTube videos, white papers and other less traditional forms of evidence to determine that AirFox and Paragon had engaged in the unregistered sale of securities.

A month-long ICO ran from Sept. 19 to Oct. 19, 2017 and raised some$15 mlnin capital for the company. Note that this policy may change as the SEC manages to ensure that the website performs efficiently and remains available to all users. Please declare your traffic by updating your user agent to include company airtoken ico specific information. Because there may be time differences in information updates, accurate information about each ICO project should be verified through its official website or other communication channels. These numbers show how much the token price has changed relative to the initial ICO token price.

airtoken ico

ICO Drops is an independent ICO database and is not affiliated with any ICO project or company. The pre-sale attracted a very diverse audience, including sophisticated crypto investors, angel investors and other early backers of the project. AirFox wants to build a broad community of supporters, not just large early investors.

Chromia Price Prediction 2023 – 2025 – 2030 | CHR Price Forecast

AIR monetizes the user’s smartphone by rewarding and financing the user for attention and good behavior while expanding the pie for the entire ecosystem that wants to further maximize on this audience . AirFox’s vision is to make the mobile internet more affordable and accessible and the biggest limitation for our customers is access to capital. AirFox is positioned to create mobile capital for advertisers, users, and carriers using the blockchain.

airtoken ico

These orders indicate that when launching ICOs, companies need to be extraordinary careful with not only their offering documents and white papers, but everything that they put out in the public sphere particularly in less formal mediums, like blog posts, Reddit and social media. AirToken is an Ethereum-based ERC-20 digital utility token that facilitates the transfer of mobile airtime, data and currency, as well as payments for goods and services, with minimal friction and fees. AirToken is anEthereum-based ERC20 digital utility token that facilitates the transfer of mobile airtime, data and currency, as well as payments for goods and services, with minimal friction and fees. This offer is based on information provided solely by the offeror and other publicly available information.

Technical Analysis

Using these credit scores, AirFox will segment users into tranches, allowing lenders to provide micro-loans in AirTokens through an Ethereum smart-contract. AirFox will use the ICO funds to develop a revolutionary microloans program and expand abroad to emerging markets. By analyzing mobile behavior, device data, payments and browsing history, AirFox will use proprietary algorithms to assign credit rankings to users. The credit rankings will be used to offer qualifying users microloans in AirTokens, which can be sent to other AirFox users or claimed for mobile data packs. At any time, users will be able to transfer their AirTokens directly to an Ethereum wallet using a secure AirFox website transfer page. New AirToken cryptocurrency will enable 4.5 billion global prepaid users access to previously unaffordable mobile internet using advertising and microloans on the Ethereum blockchain.

  • We will send updated paperwork later in the week to AirToken pre-sale purchasers to amend the total AirTokens they are receiving in the token generation event.
  • AirFox will use the ICO funds to develop a revolutionary micro-loans program and expand abroad to emerging markets.
  • AirFox is positioned to create mobile capital for advertisers, users, and carriers using the blockchain.
  • Any terms and conditions entered into by contributors in respect of the acquisition of Tokens are between them and the issuer of the Token and ICOholder is not the seller of such Tokens.

AirFox, the company making mobile data and internet more affordable for millions of people, today announced it will open an Initial Coin Offering on August 29, 2017 to fund the development and launch of its new blockchain consumer platform, AirToken . A TechStars portfolio company and venture-backed startup with a proven wireless business-to-business product, AirFox aims to raise up to $15 million in a token sale to make mobile internet more accessible to 4 billion underserved people who can’t afford it. AirFox’s technology harnesses the decentralized power of the Ethereum blockchain as well as advertising and proprietary “credit-score” algorithms to reward users with AirTokens, a new cryptocurrency redeemable for mobile data, and eventually physical and digital goods. Founded by ex-Googlers Victor Santos and Sara Choi in January 2016, AirFox quickly established itself as the leader in affordable data plans for US-based prepaid wireless carriers.

Finally, another challenge that Airtoken will have to contend with is that many people may not even have access to a smartphone to use the app. Along with the federal agency’s orders to refund investors and register their tokens, the SEC imposed $250,000 penalties against both Airfox and Paragon. Furthermore, the two organizations have to file periodic reports with the SEC for at least one year. According to the federal agency, both Airfox and Paragon have consented to the SEC’s orders without admitting or denying the findings. The SEC emphasized that neither Airfox nor Paragon registered their ICOs, failing to comply with the federal securities laws in the United States. According to the federal agency, neither companies qualified for an exemption to the registration requirements.

ICO Investing: Initial Coin Offering and Cryptocurrency Investing Explained

The AirToken micro finance system will allow peer-to-peer lending in Air-Tokens at more affordable rates using the mobile data and airtime ecosystems that already exist in these markets. AirFox eliminates the overhead involved with traditional lending caused by inefficient intermediaries and government regulation by using the blockchain to match lenders with borrowers at transparent terms and reduces the transfer fees involved. By analyzing thousands of data points on mobile behavior, device data, payments and browsing history, AirFox will use proprietary algorithms to assign credit rankings to users.

AirFox uses advertising and micro-loans on the blockchain to unlock unrealized mobile capital through a new cryptocurrency – The AirToken (“AIR”). Importantly, the SEC looked beyond AirFox’s offering documents and formal contracts with investors in determining that AirFox had sold unregistered securities. AirFox admitted that the mobile airtime and loyalty point prototype “was ‘really just for the ICO and just for investment purposes so people know .

The AirFox matter indicates that the SEC will be reviewing the full suite of statements made by a company launching an ICO to determine whether an unregistered sale of securities has occurred. AirFox’s mission is to make mobile internet data packages more affordable for users. This is based on the fact that the cost of internet data is still pretty much expensive for a sizable number of people on the globe. AirFox will be executing this by creating mobile capital for advertisers and users through the power of blockchain technology. By making use of adverts and micro loans, AirFox will unlock unrealized mobile capital through its new cryptocurrency called AirToken.AirToken makes use of the Ethereum blockchain’s decentralized nature in the execution of this mission to make internet data significantly affordable for all. AirFox will use the ICO funds to develop a revolutionary micro-loans program and expand abroad to emerging markets.

Incubated at Harvard’s Innovation Lab, AirFox is a TechStars Boston alumni and is venture backed by Project 11, Launch Capital, and NXT Ventures, among others. With the launch of its ICO and new blockchain consumer platform, the company is on a mission to enable unrestricted access to the internet for anyone with a prepaid smartphone. AirFox’s free Android apps, AirFox Browser and AirFox Recharge, enable users to earn AirTokens, a new cryptocurrency, by viewing advertisements on their devices, completing offers, and browsing the internet. AirTokens are redeemable for mobile data and, eventually, goods and services. AirFox will use the ICO funds to develop a revolutionary microloans program that enables peer-to-peer lending in AirTokens at more affordable rates.

Following the ICO, the value of AirTokens to ETH will float according to the market. The token page shows information such as price, total supply, holders, transfers and social links. Torsten Hartmann has been an editor in the CaptainAltcoin team since August 2017. He gained professional experience as a PR for a local political party before moving to journalism. Since 2017, he has pivoted his career towards blockchain technology, with principal interest in applications of blockchain technology in politics, business and society. Two days ago, SEC issued a statement that Airfox, a Boston-based company that held an ICO where it collected $15 million of funds, didn’t registered their ICO and because of that failed to comply with the federal securities laws in the United States. needs to review the security of your connection before proceeding. The team at only recommends products and services that we would use ourselves and that we believe will provide value to our readers. Check out Bitsgap, leading crypto arbitrage bot to learn the best way of doing it. We’re currently working on an awesome “how to buy” page for AirToken and all other cryptocurrencies. AirFox is solving the Mobile Dead Capital problem to unlock mobile accessibility for the underserved. Airtoken is ranked at 456 by CoinMarketCap and has 1,050,000,000 AIR in circulation and a total supply of 1,491,492,558 AIR.

Project Details

AirToken is an Ethereum-based digital utility token that facilitates the transfer of mobile airtime and currency, payments for goods and services, and enables a peer-to-peer microlending program—all with minimal friction and fees. Airfox developed the AirToken to power a platform that will provide billions of unbanked and underbanked consumers access to capital and financial services including making purchases and receiving microloans on their Android smartphone. Mobile data plans enable users to browse the internet, download apps, and partake in the digital economy. Yet in many countries, such as Mexico and Brazil, an average consumer works 8-40 hours to earn 500MB of mobile data; in Nigeria, 500MB of data can be more expensive than health care or education.

The bonuses available in the white-list are identical to the public ICO bonuses. We recognize that this is a decision made after the pre-sale, and in order to make sure our pre-sale purchasers get a nice boost for believing in the AirToken project early, we have decided to increase all pre-sale AirToken bonuses by 3%. We will send updated paperwork later in the week to AirToken pre-sale purchasers to amend the total AirTokens they are receiving in the token generation event. We very much appreciate the support given to us by pre-sale AirToken purchasers, and we want to extend our gratitude with this extra bonus.