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A Visit to Forex Broker BP Prime in London26/9/2020

A Visit to Forex Broker BP Prime in London

An investor lately asked WikiFX to verify the regulatory information and business conditions of the British broker BP Prime. In response to the trader, WikiFX decided to visit the broker BP Prime in London.To get more news about WikiFX, you can visit wikifx official website.
  Broker introduction
  BP Prime was founded in 2013. Headquartered in London, it has offices in Italy and China with clients across Europe, Asia and South America, providing contracts for difference of forex, commodities and crypto currencies.


Great Eastern Street, where is only 20 minutes away from the central London, has become commercialized to a great extent. Along the way, it was found that the entire street has bristled with high-grade office buildings. The investigator arrived at the building numbered 62 under the help of navigation. Does BP Prime really work here?
  Entering the building, the investigator noticed that all the entrance, reception and floors have been refurbished. The building was accessible only by swiping its card and there were security guards around. With advance reservation, the investigator was soon received by the staff of BP Prime
  After getting into its office, the investigator observed that many employees were orderly working on computers, with various documents neatly stacked next to them. The overall environment was clean and comfortable as the office was also equipped with a rest area and a tearoom.
  This visit confirms that the broker BP Prime is a real one and its business address is in line with that on the regulatory information. On the WikiFX APP, BP Prime has been rated 6.86. It is currently under valid supervision with the Straight-Through-Processing (STP) license of the FCA.

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Tumbling WTI Concerns for $41.3026/9/2020

Tumbling WTI Concerns for $41.30

WTI crude reported the largest one-day fall in three months on Wednesday, bottoming at $41.23 from the high level of $43.20. Oil prices have rebounded back overnight after breaching below the key support of $41.30, and are consolidating above $41.30 now.To get more news about WikiFX, you can visit wikifx official website.
  The rally of the U.S. dollar index will become one of the important factors affecting oil prices. Meanwhile, the ADP said on Wednesday that the U.S. economy added 428,000 jobs in August. As the third largest increase of all time, it indicates that the U.S. economy is generally optimistic in the month.


  Accounting for three-quarters of the U.S. economy, the service sector will embrace its data for August today, including the Markit's final reading of the Services PMI and the ISM non-manufacturing PMI. In addition, the non-farm payrolls for August will be published tomorrow. The overall markets, including the crude oil markets, are expected to suffer wild swings due to the data.
  On the other hand, the EIA reported that the country's production of crude oil has reached a record low for the week ending August 28. At the same time, oil prices may be hampered as the market expectations that refineries will soon be shut down for equipment maintenance may further weaken the demand for oil and gasoline.
  According to the daily chart, oil prices are consolidating around the level of $41.30 and expected to further test this key support in the short term, where a breach below may extend downside to $34.50 in the medium term. However, if oil prices stay constructive above the level, there is room for upside to challenge the resistance zone of $44.0-45.0.
  All the above is provided by WikiFX, a platform world-renowned for foreign exchange information. For details, please download the WikiFX App: bit.ly/WIKIFX

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