FXCM launches commission-free share CFD trading

LONDON and SYDNEY, Australia and JOHANNESBURG, South Africa, April 28, 2020 (GLOBE NEWSWIRE) — FXCM Group, LLC ("FXCM Group' or "FXCM'), a leading international provider of online foreign exchange trading, CFD trading, cryptocurrencies and related services, has launched commission–free single–stock CFD trading (share CFDs), enabling retail clients to trade CFDs on individual company shares like Tesla, Apple, Facebook, and others. FXCM will be gradually rolling out the new single stock CFDs to its entire client base over the coming weeks.

The expansion into share CFDs will initially focus on stocks listed in the United States. The company aims to expand the number of individual stocks tradeable via CFDs to more than 100, covering at least five countries–all before the end of the year. https://www.fxcm.com/za/shares/

FXCM will provide share CFD trading on MetaTrader 4, the Trading Station platform, and on mobile devices "" resulting in seamless connectivity for existing customers and reducing the need to switch between providers.

The product will initially be launched to South African and Australian customers with European customers following closely behind.

"Share CFDs have been one of the most highly requested products from our customers and we are excited to formally announce our launch," Brendan Callan, CEO of FXCM commented. "Over the next few months, we will concentrate on expanding the number of tradeable instruments so that no matter what is moving in the markets, clients are able to make the most of their FXCM account."

About FXCM:

FXCM is a leading provider of online foreign exchange (FX) trading, CFD trading, and related services. Founded in 1999, the company's mission is to provide global traders with access to the world's largest and most liquid market by offering innovative trading tools, hiring excellent trading educators, meeting strict financial standards and striving for the best online trading experience in the market. Clients have the advantage of mobile trading, one–click order execution and trading from real–time charts. In addition, FXCM offers educational courses on FX trading and provides trading tools, proprietary data and premium resources. FXCM Pro provides retail brokers, small hedge funds and emerging market banks access to wholesale execution and liquidity, while providing high and medium frequency funds access to prime brokerage services via FXCM Prime. FXCM is a Leucadia Company.

Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. The products are intended for retail, professional and eligible counterparty clients. Retail clients who maintain account(s) with Forex Capital Markets Limited (“FXCM LTD”), could sustain a total loss of deposited funds but are not subject to subsequent payment obligations beyond the deposited funds but professional clients and eligible counterparty clients could sustain losses in excess of deposits. Prior to trading any products offered by Forex Capital Markets Limited, inclusive of all EU branches, FXCM Australia Pty. Limited, FXCM South Africa (PTY) Ltd, any affiliates of aforementioned firms, or other firms within the FXCM group of companies [collectively the “FXCM Group”], carefully consider your financial situation and experience level. If you decide to trade products offered by FXCM Australia Pty. Limited ("FXCM AU") (AFSL 309763), you must read and understand the Financial Services Guide, Product Disclosure Statement, and Terms of Business. Our FX and CFD prices are set by us, are not made on an Exchange and are not governed under the Financial Advisory and Intermediary Services Act. The FXCM Group may provide general commentary, which is not intended as investment advice and must not be construed as such. Seek advice from a separate financial advisor. The FXCM Group assumes no liability for errors, inaccuracies or omissions; does not warrant the accuracy, completeness of information, text, graphics, links or other items contained within these materials. Read and understand the Terms and Conditions on the FXCM Group's websites prior to taking further action.

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COVID-19 – How Eswatini’s Garden Farmers are Keeping the Vegetable Supply Flowing

Khetsiwe Tofile a small-scale vegetable farmer in her garden in Malkerns, Eswatini. Even during the COVID-19 lockdown she has been able to get her produce to market and continues to earn an income. Credit: Mantoe Phakathi/IPS

By Mantoe Phakathi
MALKERNS, Eswatini, Apr 28 2020 – Nobukhosi Cebekhulu (68) and Khetsiwe Tofile (64) are small-scale vegetable farmers who are producing from their permaculture home gardens in Malkerns, Eswatini.

Proud that they are able to make a small contribution towards a healthy nation during the COVID19 pandemic, both women say they are happy that they can still continue to produce and sell vegetables without leaving their homes.

IPS found them waiting for transport outside Tofile’s home with basins of lettuce to be collected by the Guba Permaculture Training Centre.

“We don’t go to the shop to buy inputs but we use seedlings that we produce and share among ourselves,” Cebekhulu told IPS adding: “Our produce is collected from our homes and taken to the market.”

According to Cebekhulu, they are part of the Guba programme which introduced them to skills of producing food in a way that is rebuilding and strengthening the physical ecology around them. Guba is based in Malkerns – a small bustling town of farmland nestled at the heart of Eswatini’s middleveld – and promotes a regenerative lifestyle.

Run on a 100-percent solar system, Guba harvests rainwater for sanitation and irrigation, produces its own compost and seedlings. Guba runs a 12-month permaculture training programme building practical skills and knowledge for improving homestead food security and crop resilience.

Cebekhulu and Tofile were part of the 2014 class of 25 farmers who learnt to build a fence using scrap material and alien evasive plants. They were also taught to produce their own seeds, make compost and pesticides (they make the latter by mixing wild garlic, chillies, onion, soap and warm water) that are not harmful to the environment.  

“This doesn’t kill the pests but it chases them away,” Cebekhulu said. “Pesticides aren’t good for our health and the environment. They’re also expensive.”

While Guba initially supported the farmers to produce enough for their families, Tofile told IPS the centre later trained them on business management so that they could sell and generate an income. The farmers come from 10 chiefdoms within a radius of 20 kilometres from the centre.

“Guba collects the produce and sells it on our behalf,” Tofile said. “That’s why we don’t have to worry about leaving home during this period (COVID19 partial lockdown).”

Guba director, Sam Hodgson, said the year-long permaculture adult training programme is a response to the nutrition and poverty challenges in Eswatini. Credit: Mantoe Phakathi/IPS

Eswatini’s nutritional challenges

According to Guba director, Sam Hodgson, the year-long permaculture adult training programme is a response to the nutrition and poverty challenges in Eswatini.

Although 20 percent of Eswatini’s rural population experienced severe and acute food insecurity according to the 2019 Vulnerability Assessment Committee Report,  the country is making progress in meeting its nutritional needs. According to Musa Dlamini, the monitoring and evaluation officer at Eswatini Nutrition Council, children under five years old with stunting stands at 25.5 percent.

“This is still high because we have to be less than 20 percent in terms of the WHO [World Health Organisation] standards,” Dlamini told IPS. “We’ve made progress though because the figure dropped from around 30 percent in previous years.”

In the same age group, children with wasting are at about 2 percent and underweights are at 5 percent, which is acceptable in terms of WHO standards.

“We use children under 5 to measure nutrition in the country,” said Dlamini.

He said COVID19 might reverse progress though following the fact that people might lose their source of income during the partial lockdown period. Already, 63 percent of the total population of 1.3 million are poor, according to the United Nations World Food Programme.

Guba participants spend two to three days a month at the centre after which they apply what they have learnt at their homes. They acquire skills to harvest water, make compost, mulching, plant perennial species of trees and design their production cycle according to the four seasons. 

“We encourage the farmers to use material that they already have at home,” Hodgson told IPS. “That’s why we don’t expect them to buy new fencing material or tools. We’re adding value to the agriculture they’re already practising.”

Adapting to climate change

Hodgson said this programme is helping farmers acquire skills to cope with erratic rainfall as an adaptation strategy to climate change.

According to Dr. Deepa Pullanikkatil, a consultant based at the Coordinating Assembly of NGOs (CANGO) and co-director at Sustainable Futures in Africa, permaculture helps farmers to adapt to changing climate using sustainable farming practises which mimic nature.

“The practise produces healthy organic crops which can improve their incomes thereby enhancing their adaptive capacity,” Pullanikkatil told IPS.

She said, in permaculture, farmers harvest and conserve water, which is an adaptation strategy particularly because the country is experiencing erratic rainfall patterns due to climate change. Farmers also use low or no tillage methods and composting which are all great for soil fertility. Low tillage frees up time and it is less costly than hiring labour or tractors.

“This also has co-benefits to climate mitigation because of permanent crops, trees grown in the farm and low tillage practices contribute to carbon sequestration,” she said.

Garden farming equates healthy nutrition

Guba also supports the farmers with eating habits that promote a healthy lifestyle such as cooking that retains nutrients and adjusting the composition of the plate according to the right amount of starch, protein and vegetables.

The Barilla Centre for Food and Nutrition (BCFN) also promotes healthy and sustainable dietary patterns and sustainable ways of producing food. According to the Food Sustainability Index, created by the BCFN and the Economist Intelligence Unit (EIU), sub-Saharan Africa is home to the world’s hungriest populations. It also states that when it comes to countries addressing nutritional challenges “best practices might be found in smart regulation, whether that means educating consumers on healthy eating, discouraging unhealthy consumption patterns or requiring foods to contain certain vitamins and minerals”.

“What we’ve learnt about our farmers is that after participating in our programme, they visit the clinic less often because of the health benefits from the food they eat and how they eat it,” said Hodgson.

From garden to market

Guba also realised that one of the farmers’ challenges was money to pay school fees for their children and cater for other needs. Therefore, the centre decided to train some of the interested farmers to produce for the market. Hodgson described Guba as “an ethical middle-man” that supports the farmers to produce high-quality organic vegetables and sells it on their behalf to surrounding restaurants.

“We collect, repack and deliver,” said Hodgson. “This area (Malkerns) has a large middle-class population and many restaurants who buy the fresh produce that is delivered on the same day of harvest.”

This project earned about $1,100 from the sale of vegetables. Each farmer makes about $200 per month.

During the COVID-19 partial lockdown, which the Government introduced in March, all Guba restaurant customers had to close overnight. In response to this sudden loss of market, Guba opened a farm stall at the centre.

“After four weeks of operating the farm stall, three days a week. We’re doing well. Sales are increasing and customer feedback is very positive,” said Hodgson. 

This means Guba continues to buy produce from the farmers even during the COVID19 period thus keeping their income stream open and, at the same time, supplying fresh produce to the local community. 

Staring at a Human Security Catastrophe

By N Chandra Mohan
NEW DELHI, Apr 28 2020 - The defining images of South Asia’s battle against Covid-19 are hundreds of thousands of migrants, many with children on their shoulders, trudging from New Delhi, Kathmandu or Dhaka to their [...] Read more »