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Russia to invest billions in Bitcoin

Diversifying one’s assets is a very accepted practice in the world of trading. All stock managers recommend doing so in order to keep your funds safe, especially when the market seems to be a rather bearish or the economy seems to be slumping a little bit. So it comes as no surprise that the Russian government has decided to diversify its assets by investing into Bitcoin.

Sanctions and loopholes

The Russian government has been facing sanctions for many years now. The western world has deemed some of its actions unsavoury and imposed a trading and financial sanctions upon the nation that have been weighing rather heavily on the economy. Even despite the occasional rise in the prices of oil, the country has been struggling to keep a healthy economy, with the slump continuing as Russia has trouble trading with the world in natural and financial resources alike. The result is that the Russian government has returned to a plan they had devised a little while ago: to start investing in cryptocurrencies. The initial plan, as it was first offered many months ago, was to create a national digital currency, nicknamed by those who were paying attention at the time as the “crypto Ruble”. The plan was denied at the time and this time again, with the Russian government opting instead to invest in already existing cryptocurrencies.

The investment itself might seem a little strange, judging by how bearish the market is, but it makes a lot of sense in terms of international trade and politics. Cryptocurrencies allow trade without bank intervention and with Russia having to face sanctions, banks have been getting in the way of their trading. By diversifying the country’s crypto portfolio and picking up some valuable digital assets, Russia might be able to get back on track in terms of world trade without having to deal with banks.

Effect on the market

The cryptocurrency industry has been booming lately, but the market remained bearish after the drastic price increase in 2017. Since then Bitcoin and Altcoins have fallen in value a whole lot. The good news is that the Russian government, while not making any specifications, is promising investments in the size of several billion dollars. Such a capital infusion from an institutional investment might be just what the market needs to be revitalized. The resulting value increase for Bitcoin might also be quite a boost to the Russian economy as the value of their investment increases as well.

Such a large scale investment is good news to other Russian interested parties as well. Gazprom bank, a subsidiary of the Gazprom corporation, has recently announced that it will be looking into offering digital asset services to its clients and might be investing in the coins themselves. Another large scale investment from an institution might be all that cryptocurrencies need to produce high rates of return for a company like Gazprom.

What is even more interesting is that such institutional interest might cause retail traders to come back to the crypto markets in hopes of getting a slice of the investment pie. What all of this actually means for the cryptocurrency industry and the crypto industry overall is yet to be seen.

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FXTM Loyalty Programme

When trading the forex market, your broker should be your most trusted partner. Not only do their services allow you to access the markets, but you also trust them with your money. However, this trust should be shared both ways, not just from the customer to their broker. Therefore, FXTM are taking steps to reward loyal customers through their new Loyalty Programme. It’s not enough for a broker to sign up new clients, they also need to keep the ones they’ve got satisfied. That is what this new programme aims to achieve – to give back to existing clients.

FXTM Rebate Bonus $4
  Minimum Deposit:
 $200               Maximum Rebate: $5 per Lot

   Bonus Period: 3 Jul 2017         Eligibility: New and Existing

  Spreads: from 0 pips                       Restricted Countries: N/A

This deal is unreliable! Sign up with XM instead!

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GSG Forex No Deposit Bonus

There is an offer to open GSG Forex No Deposit Bonus Account and receive $200 No deposit. This offer is given to old customers and newcomers in order to celebrate the GSG online community. However, this is not a good deal and it will be better for you to stay away. Wonder why? We will explain.

Size of Bonus:
 $200     Trading Platform: Meta Trader 4

Expiration: N/A               Min. Volume: 20 Lots

Leverage: 1:100                 Required Action: Account

This deal is unreliable! Take 30 USD from XM

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AGEA Deposit Bonus

Interested in deals from Forex Brokers with questionable reputation? If not, we advise you to stay away from this deal and find something more suitable in our Forex Deposit Bonus Category. But if you are still interested, read full AGEA Deposit Bonus 30% Review below!

agea forex
Size of Bonus:
 30%           Trading Platform: MetaTrader 4

Expiration: N/A                  Min. Volume: N/A

Leverage: 1:200                     Required Action: Email

Grab better offer – Sign up with easyMarkets

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cTrader – Best FX Platform 2015

cTrader Awarded best fx platform 2015FX retail industry has been strongly dominated by MetaQuotes for over a decade, yet the year 2015 is certainly a game changer. With over 80 connected brokers by the month of June 2015, Spotware is here to change the whole philosophy behind trading Forex. Today we are happy to announce that cTrader by Spotware is acknowledged as the Best FX Platform 2015 by Forex Bonus Lab’s community.

Why cTrader?

There are many reasons why traders would actually prefer cTrader to MT4, MT5 or any other platform in the armoury of FX brokers, however, our readers have summarised the following reasons to be the most crucial ones:

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AlfaTrade Premium Account

AlfaTrade ensures that its clients have the best trading opportunities in the Forex market with its AlfaTrade Account deals. That is why it presents you with a Premium Account type that makes your trading even better than ever before. Find out more about this account at Forex Bonus Lab’s review of AlftaTrade Premium Account.

AlfaTrade premium Account
   Minimum Deposit:
$2,000          Account Currencies: 4

   Min. Volume: 0.1 Lots               Trading Technology: ECN

   Spreads: from 2.3 pips               Platforms: All

Start with XM instead!

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XTB Cashback Bonus

Do you enjoy getting additional bonuses to your account balance just because you trade with good broker? The most recent XTB rebate promotion is exactly what you need!

xtb cashback bonus
  Minimum Deposit:
 $1               Maximum Rebate: $5 per Lot

   Bonus Period: N/A         Eligibility: New and Existing

  Spreads: from 0 pips                       Restricted Countries: N/A

This offer is over! Check out our No Deposit Offers instead!

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