The entire ecosystem is focused on creating and maintaining demand for the QUBE token. By developing the ecosystem, the community increases the demand for the token and ensures natural organic growth in value. Tokens allow you to monetize liquidity and distribute asset flow fairly among all members of the community. Based on this evaluation of our disclosure controls and procedures (as defined in Rules 13a-15 and 15d-15) our principal executive officer and principal financial officer concluded that as of December 31, 2020, our disclosure controls and procedures were effective.
- The token is a self-contained unit of value that Qube uses to manage its business model and enables users to interact with Qube’s products, contributing to the distribution of rewards and benefits to all parties.
- In the normal course of business, the Company invests in various derivative financial contracts including futures.
- Expenses during the three months ended December 31, 2020, increased primarily as a result of the continued growth of our business.
- Interest earned and dividend income are recognized in the Condensed Consolidated Statements of Operations and Statements of Other Comprehensive Income and are included in interest income, according to the terms of the contract and when the right to receive the payment has been established.
- Yield farming allows the user to receive QUBE tokens as a reward for placing assets in staking pools.
Efficient financial control measures contribute significantly to the cash flow maintenance of an organization. This2022 Forex Broker Reviewhas been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on Octafx FX broker performance and features. OctaFX’s minimum spread for trading EUR/USD is 0.6 pips – which is relatively low compared to average EUR/USD spread of 0.70 pips.
Awards Received by OctaFX
Clients can also add their own accounts to monitoring so that others can follow their trading. OctaFX excels in research, offering regularly updated commentary written by in-house analysts, webinars, and trading ideas. In addition, clients can utilize various tools such as account monitoring, an economic calendar, and research from third-party provider AutoChartist. The account opening process at OctaFX is fully digital and can be completed via the company website within minutes. In addition, demo accounts and swap-free accounts are available to clients.
You can use the MetaTrader Supreme Edition platform to improve your business because the most advanced tools are applied here. MetaTrader 4 and MetaTrader 5 play a major role in rapid order reversal and hedging promotion. This website includes information about cryptocurrencies, contracts for difference and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments https://www.trustpilot.com/review/fsclc.eu and come with a high risk of losing money. We tested the spreads at OctaFX across different asset classes using a standard account and the MetaTrader 4 platform. 8 AM GMT is the London open when there is high liquidity in the forex market and tighter spreads in currency pairs. From time to time, our subsidiaries are party to various routine legal proceedings, claims, and regulatory inquiries arising out of the ordinary course of their business.
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In 2011, the Bank of Russia took a number of strategic steps designed to change its monetary policy priorities. In particular, the allowable trading band for the dual currency basket was expanded from 4 to 6 Rubles. At the same time, the Bank of Russia employed a conservative approach to refinancing banks in order to minimize their speculative activities on Forex. In general, the instability and heterogeneity of Russian social and economic development processes in 2011, as well as the continuing high level of dependence on global financial conditions and raw material markets speak for the need to take measures to restructure the Russian economy. As of December 31, 2020, $144,696, or 42%, of the trading securities held in our proprietary trading accounts were subject to securities repurchase obligations compared to $54,222, or 35%, as of March 31, 2020.
Project Qube Crypto Space, based on its own token QUBE, is a protocol that combines the popular functions of decentralized applications into a single platform. During the nine months ended December 31, 2020, receivables in the amount of approximately $1,525 were repaid, including $801 which management had previously estimated may be uncollectible and for which management had recognized an impairment loss in a prior period.
A financial instrument is regarded as quoted in an active market if quoted prices are readily and regularly available from an exchange or other institution and those prices bitcoin declared uk financial regulator represent actual and regularly occurring market transactions on an arm’s length basis. The Company enters into these transactions in accordance with normal market practice.
QUBE Tokenomics Concept
Freedom Bank KZ, a second-tier Kazakhstani bank, was established in 2009 and has ten branch offices across Kazakhstan. Historically, Freedom Bank KZ’s core business was consumer mortgage lending. As a condition https://www.dukascopy.com/swiss/english/forex/trading/ to closing, Freedom Bank KZ sold all but a small portion of its loan portfolio for cash, as we do not anticipate engaging in significant consumer lending activities, consistent with our existing business model.
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This means that your gains and losses are multiplied by this leverage factor. Pension Cards are serviced in Moscow and by the Bank’s branches under a partnership agreement executed with Non-State Pension Fund GAZFOND. A «Shareholder’s Card» is serviced jointly with the Bank’s Depository Center. The holders of Gazprombank’s bank cards are offered a package of extra insurance services thanks to cooperation with the insurance company SOGAZ. The offshore entity of OctaFX is registered in St. Vincent and the Grenadines but is unregulated, and the EU entity is regulated by the Cyprus Securities and Exchange Commission . At both entities client funds are segregated, and OctaFX provides negative balance protection. Overall, we rate OctaFX as an innovative broker with a client-centric focus.
Is OctaFX legal in India?
Account Monitoring is a unique tool that allows clients to track the performance, charts, profits, orders, and history of successful https://www.sitejabber.com/reviews/fsclc.eu traders. Traders can choose from a wide range of CFDs on cryptocurrencies, and can also make deposits and withdrawals in crypto.
Trade With A Regulated Broker
The Company generates revenue from customers primarily from fee and commission income and interest income. The Company does not use profitability reports or other information disaggregated on a regional, country or divisional basis for making business decisions. During the three months ended December 31, 2020, we recognized total interest expense of $6,649, compared to $2,713 during the three months ended December 31, 2019. Net gain on trading securities reflects the gains and losses from trading activities in our proprietary trading accounts. Net gains or losses are comprised of realized and unrealized gains and losses.
We monitor and manage our leverage and liquidity risk through various committees and processes we have established. We assess our leverage and liquidity risk based on considerations and assumptions of market factors, as well as other factors, including the amount of available liquid capital. While we are confident in the risk monitoring and management processes we have in place, a significant portion of our trading securities and cash and cash equivalents are subject to collateralization agreements. This significantly enhances our risk of loss in the event financial markets move against our positions. When this occurs our liquidity, capitalization and business can be negatively impacted.