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The forex market is, by dollar volume traded, the largest financial market in the world. However, forex trading does not occur through exchanges like stocks are traded, but through an over-the-counter market via which buyers are connected with sellers. Although these brokers work under the names of their white label suppliers, they are still in charge of marketing, customer acquisition, and administration. The usage of the trading platform, risk management resources, and occasionally even integrated bank account services are all covered by the partnership agreement. This allows the white label forex broker to concentrate on adequately implementing their marketing plan and customising the service for their target market. The information on this website is not intended to be addressed to the public of Belgium and Japan, or any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
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Upload mandatory KYC documents for processing the remittance – HDFC Bank Multicurrency ForexPlus Card comes with a built-in PayWave technology to make contactless payments at retail outlets. You can just wave the card at a distance of 4cms or less from the payment machine and make the payment securely. And if you don’t, you’ll still be able to pick it up….as long as you finish School of Pipsology, our forex trading course! At the interbank foreign exchange market, the local unit opened at 83.90 but soon fell into the negative zone and touched an intra-day low of 83.97 against the American currency. The rupee traded in a narrow range to settle 2 paise higher at 83.95 (provisional) against the American currency on Wednesday, helped by a sharp decline in the US Dollar against major currencies overseas.