eToro Vs Trading 212

Are you looking for the best Forex trading apps to use in 2023? You’re not alone. Many traders are turning to mobile apps as a way to stay ahead of the competition and make profitable trades on the go. With so many options available, it can be hard to know which app is right for you. To help narrow down your choices, here’s an overview of some of the top Forex trading apps out there today that will give you an edge in 2023 and beyond. We’ll discuss their features, pros and cons, pricing plans, user reviews, and more so that you can make an informed decision about which one is right for your needs.

1. eToro

One of the most popular and user-friendly Forex trading apps available, eToro offers an intuitive platform for tracking performance and making smart trades. Its advanced charting capabilities allow you to analyze data in real-time and take advantage of engaging features like copy trading and social trading. The app also provides educational materials such as webinars, tutorials, and market insights to help you stay on top of trends. Make sure to find reputable resources if you want to compare eToro vs Trading 212 so that you make the right decision. These platforms may differ based on their features, fees, and more.

2. TD Ameritrade

This company has a long history of providing reliable service to its customers. TD Ameritrade is one of the oldest and most established brokers in the US, having been founded in 1971. It offers a wide range of services, including online trading platforms, access to advanced investment research tools, and comprehensive customer support. TD Ameritrade also provides educational resources for both novice and experienced investors. The broker’s low fees make it attractive for those just starting with investing or who are looking for ways to maximize their returns without breaking the bank. Additionally, TD Ameritrade offers great customer service as well as secure banking options like FDIC-insured accounts, making them an ideal choice for many traders and investors alike.

3. Plus500

This CFD trading platform offers a comprehensive selection of assets and features to help you stay informed. Plus500 allows traders to participate in the Forex, commodities, indices, and stock markets. Its user-friendly app makes it easy to stay on top of your trades with on-the-go access to quotes, charts, real-time prices, order entry capabilities, and more. In addition, Plus500 provides educational resources such as webinars and ebooks that can help you learn how to get started with trading or refine your existing skills.

>4. MetaTrader 4

MetaTrader 4 (MT4) is one of the most widely used platforms for online currency traders due to its wide range of features and tools. It is available for desktop and mobile devices and can be used to trade a variety of markets, including Forex, stocks, CFDs, futures, and options. MT4 allows you to use advanced charting tools for technical analysis, backtest strategies using historical data, and access expert advisors (EAs) that allow you to automate your trading activities.

5. AvaTrade

AvaTrade is a popular online broker that offers a wide range of features for traders. The company also provides its app, AvaTradeGO, which allows users to trade on the go with secure access and an intuitive interface. Whether you’re just getting started or are an experienced trader, AvaTrade is great for tracking your investments, executing trades, and staying up-to-date with market news and analysis. Additionally, AvaTrade offers low spreads and commissions, leverage up to 400:1 (depending on your account type), 24/7 customer support, and more. Lastly, the company is regulated by several authorities across the world, so you know your money is safe when trading with AvaTrade.

6. Trading212

Trading212 is a popular online broker that has become known for its easy-to-use trading platform and zero-commission trades. It is a member of the London Stock Exchange and offers users access to stocks, indices, ETFs, CFDs, Forex pairs, and more. The Trading212 app can be used on both mobile devices and desktops and features an intuitive user interface as well as real-time charts for technical analysis. Additionally, it provides customizable risk management tools such as stopping loss orders and taking profit limits to help you stay in control of your investments. With Trading212’s low fees and impressive range of features, it could be the perfect choice for anyone looking to get started with investing.

Choosing the right broker for your needs can be tricky. Before you decide, it is important to research different brokers and consider their features, fees, customer service, account types, and more. All of the above platforms offer a range of benefits that make them attractive for traders at all levels so take some time to find the best one for you. Good luck!

Ransomware attack halts London trading

Ion Markets, a financial data group crucial to the financial plumbing underlying the derivatives trading industry, has fallen prey to the cybercrime group Lockbit

The company has revealed that 42 clients have been affected by the attack, which has caused major disruption in its cleared derivatives division. 

Reports suggest that some clients have been unable to contact Ion by phone since Tuesday, with some travelling to the company’s office at St Pauls to seek more information.

“The incident is contained to a specific environment, all the affected servers are disconnected, and remediation of services is ongoing,” according to a post on Ion’s website. 

It’s understood that the incident has impacted other trade processing systems, even forcing some companies to process trades manually. 

Lockbit has been especially active recently, claiming responsibility for the attack on Royal Mail last month, which forced the company to suspend international postal deliveries. 

The cybercriminal group has reportedly used its’ signature ransomware, which encrypts files and issues a ransom note, typically demanding payment in cryptocurrency before the decryption key is provided.

Expert Insight: 

Jonathan Knudsen, head of global research at the Synopsys Cybersecurity Research Centre:

Software is the critical infrastructure for all other critical infrastructure. The attack on the Ion Markets illustrates not only the interconnected nature of the financial system, but also a crucial dependence on software. 

Software is a powerful tool for productivity but must be managed properly. In particular, security must be a top priority in all phases of software, from its conception through to its deployment. This applies equally to builders and buyers. Builders must include security at every phase of their software development life cycle, using a combination of expert analysis and automated testing to flush out as many vulnerabilities as possible before software is put into production use. Buyers, similarly, should carefully evaluate the security practices of their vendors, then apply meticulous and repeatable processes for configuring, deploying, and operating the software they acquire. 

Every piece of software is, in essence, an incredibly complicated machine. To secure such a machine against attack, builders and buyers alike must examine the entire supply chain of infrastructure, tools, open source components, source code, and configurations in a ceaseless quest to locate and mitigate vulnerabilities. When an incident occurs, such as the Ion Markets attack, existing processes must be examined to understand what went wrong and how the processes can be improved to reduce risk in the future.”

Sam Curry, chief security officer at Cybereason:

“While specific details are scant at this time, with dozens of Ion’s customers potentially impacted by this latest shameless ransomware attack, you can’t just snap your fingers and restore disrupted services. Let me be clear that LockBit is a criminal organisation and their brazen attack raises their profile and spreads more fear, uncertainty and doubt across many industries. In time, we will learn if a ransom demand was issued and paid, or whether Ion refused to negotiate with this criminal organisation.

Organisations can’t pay their way out of ransomware, and those that do only embolden the criminals to launch future attacks. For Ion and other organisations that improve their network resiliency, the cyber criminals will quickly move onto softer targets because they are looking for the path of least resistance. Most gangs want to maintain a low profile and avoid being caught in the cross hairs of law enforcement agencies. In general, companies should prepare for ransomware attacks in peacetime and ensure redundancy in network connectivity and have mitigation strategies ready. Practise good security hygiene and regularly update and patch operating systems and other software. Also, conduct periodic table-top exercises and drills including people beyond the security team and all the way to the Executive Suite.”

Jamie Cameron, security consultant at Adarma:

“Money is the biggest motivator for cyber threat groups like Lockbit, who are becoming ever more sophisticated in their attacks, which is why financial organisations need to be hyper focused on building their cyber resilience. It’s important they are aware that Lockbit is currently in a state of flux, and that previous defences against Lockbit’s signature ransomware is no longer applicable. Lockbit is evolving and it’s vital that businesses update their defences accordingly. 

We’ve observed that Lockbit have been bringing in developers from the BlackMatter ransomware group to write a new version of their software (Lockbit Black), which is now free on the open market due to a leak from a disgruntled developer over a pay dispute. Most recently, Lockbit has had a developer, believed to be from the now defunct Conti group, write new malware, known as Lockbit Green or they’ve utilised the leaked toolset from the two prominent Conti leaks of last year to develop this new variant. 

Lockbit have been launching attacks using both the original version of their ransomware and Lockbit Black and we see no reason why they wouldn’t throw Lockbit Green into the mix. Organisations should be aware of this due to how prolific the group are.”

Ziv Dines, CTO, Cyber at Armis:

“The majority of organisations see PII, critical infrastructure and operational downtime as the most at risk in the event of a cyberwarfare attack, and Lockbit’s recent activity encompasses all three. It’s clear from attacks on critical services such as the Royal Mail and ION Group, a major supplier of services to the financial system, that criminals are gathering pace.

The affected company confirmed the incident has been contained to a specific environment, but the operational inefficiencies caused by having to switch to manual processes introduce a significant amount of risk in both the short and long term. Organisations should be on high alert, making sure they have oversight of their internal systems and any assets that may be connected to them in order to spot and remediate anomalies quickly.”

Jamie Akhtar, CEO and co-founder of CyberSmart: 

“This incident and its attribution demonstrate that we aren’t dealing with run-of-mill cybercriminals or threats. Instead, this looks like a calculated attack on the very infrastructure that supports the UK’s financial system. What’s more, it’s a signal that the ‘cyber cold war’ being conducted as part of the conflict in Ukraine has begun to heat up.

We’ve been seeing a pattern of escalation in these attacks over the past few months, so we urge all businesses, even SMEs, to be as vigilant as possible in updating and patching software, employing good cyber hygiene, and treating anything unusual with suspicion.”






The post Ransomware attack halts London trading appeared first on IT Security Guru.

Here are Some Useful Steps That Will Help You Choose the Right Trading Platform

Trading has become popular among investors for a variety of reasons. It can be a great way to make money and grow your investment portfolio. But, to be successful at trading, there are so many different things that you need to take into account. One of the most important things is choosing the right trading platform.

When it comes to trading platforms, there are a lot of different options you can choose from. Each one has its own set of features and benefits, which can make it difficult to decide which one is right for you. In this article, we will provide you with a few useful steps that will help you make the right decision when it comes to choosing a trading platform. So without further ado, let’s get started!

Do a Good Research

The first thing you need to do is to research the different trading platforms available. You can start by reading reviews from other investors or checking out comparison articles. This will give you a good idea of what each platform has to offer and whether or not it would be a good fit for your needs. Just remember that not all reviews are created equal. Some might be biased, so you need to take them with a grain of salt.

If you are new to trading, then you might want to look for a platform that is easy to use and has a lot of user-friendly features. By following the info available in this eToro review, you can see that it is a great option for beginners as it has an intuitive interface and plenty of helpful features. However, if you are more experienced, and want to have more control over your trades, then you might want to opt for a platform that offers more advanced features like stop-loss orders or limit orders.

Consider the Fees

Another important thing to take into account is the fees charged by the platform. Some platforms might charge you a commission for each trade, while others might have a monthly subscription fee. Some offer free trading, but they might make money from other sources like advertising or by charging higher fees for withdrawal or deposits. You must consider all of these factors when making your decision so that you can choose a platform that is affordable for you.

In addition to the fees, you should also check the payment options offered by the platform. Some might only accept bank transfers, while others might also support credit cards and e-wallets. It’s important to choose a platform that offers a payment method that is convenient for you.

Check the Security Measures

When you are dealing with money, security is always a top priority. When it comes to trading platforms, you need to make sure that your personal and financial information is well-protected. The platform should have implemented adequate security measures, such as encryption, to safeguard your information. You should also check if the platform is registered and regulated by a reputable authority. This will give you peace of mind knowing that your money is in good hands.

And if possible, you should also check if the platform offers two-factor authentication. This is an extra layer of security that can help protect your account from hackers.

Check the Customer Support

Even the best trading platforms can have occasional technical issues. When this happens, you need to be able to get in touch with customer support so that the issue can be resolved quickly. The platform should offer multiple channels of communication, such as email, phone, and live chat. And they should also have a good reputation for responding to customer inquiries promptly.

If you are new to trading, you might want to look for a platform that offers educational resources. This can come in handy if you need some help understanding how the platform works or if you want to learn more about trading in general.

Try Out the Platform

Once you have narrowed down your options, the next step is to try out the platform. Most trading platforms offer a demo account that you can use to test out the features and get a feel for how the platform works. This is a great way to see if the platform is user-friendly and if it has all the features that you need.

Many trading platforms also have mobile apps that you can use to trade on the go. This is a great feature to have as it allows you to respond to market changes quickly and easily. And most importantly, you should feel comfortable using the platform. If you don’t, then it’s probably not the right one for you.

Trading platforms can be a complex and daunting task, especially if you are new to the world of investing. It is therefore important to consider your overall experience. By taking into account things like the user interface, the fees, the payment options, and customer support, you can be sure to find a platform that is right for you.