Forex is a melting pot of financial activities. There are central banks, global banks, government, hedge funds, traders, and the BIS.
The BIS is the bank of central banks, the bankers' bank expressly created to meet the financial needs of 56 member central banks. Besides providing gold and facilitating FX transactions, they also hold central bank reserves.
Their mandate extends beyond banking too. For instance, the BIS serves as a fund manager and bank for international financial institutions.
The BIS influences the FX market as they actively publish three vital statistics:
The USD exchange rate for over 180 economies
They determine the effective exchange rate through an index that covers 60 economies
Regularly surveys the turnover of the FX instruments from spot and OTC markets.
ISPASS Technologies Ltd, a software provider, is a registered company in Cyprus, with registration number HE394419 and has its registered address at Nikolaou Nikolaidi 3, Flat/Office 205, Paphos 8010, Cyprus.
360 Degrees Markets Ltd is a registered company in Seychelles, with registration number 8421720-1 and has its registered address at Suite C, Orion Mall, Palm Street, Victoria, Mahe, Seychelles. 360 Degrees Markets Ltd is regulated by the Seychelles Financial Services Authority under the Securities Dealer license number SD019.
All payments through Skrill and Neteller are processed by 360 Degrees Markets Ltd.
AltumFx does not accept residents of certain jurisdictions such as USA, Canada, Iran, North Korea and Russia.
Since AltumFX is not under the supervision of the JFSA or ESMA, it is not involved with any acts considered to be offering financial products and solicitation for financial services to Japan or in the European Union countries and this website is not aimed at residents in Japan or in the European Union countries.
Risk Warning: Trading any kind of financial instrument, including derivatives, carries a high level of risk and may result in the total loss of your investment. You should only trade with money you can afford to lose. Trading derivatives may not be suitable for all investors. By trading with AltumFx, you acknowledge your understanding of this risk warning and your agreement with the Terms and Conditions. AltumFx always recommends you seek independent advice if necessary.