13 Gennaio 2022by DanieleG0

Current income tax expenses are provided for in accordance with the laws of the relevant taxing authorities. As part of the process of preparing financial statements, the Company is required to estimate its income taxes in each of the jurisdictions in which it operates. The Company accounts for income taxes using the asset and liability approach. Under this method, deferred income taxes are recognized for tax consequences in future years based on differences between the tax bases of assets and liabilities and their reported amounts in the financial statements at each year-end and tax loss carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates applicable for the differences that are expected to affect taxable income. According to a survey of Gazprombank’s Private Banking customers, 82% of respondents selected the “top mark” for the Bank’s performance. In 2011, the Bank managed to significantly increase their asset base and the number of Private Banking customers and improved the profitability of this business line for the Bank.

The Company retains the financial instruments sold under repurchase agreements and classifies them as trading securities in the Condensed Consolidated Balance Sheets. The consideration received under repurchase agreements is classified as securities repurchase agreement obligations in the Condensed Consolidated Balance Sheets. The Company is headquartered in Almaty, Kazakhstan, with supporting administrative office locations in Russia, Cyprus and the United States. The Company has retail locations in Russia, Kazakhstan, Ukraine, Uzbekistan, Kyrgyzstan and Germany. Furthermore, the amount of loans extended by the Bank’s network significantly increased – by 57% .

Financial Service Сomission and Liquidity Control

In this case, Bitcoin leads the Ether, Gold, and SPX and lags slightly the BCH, LTC, and BNB. To confirm these rather unexpected results, I identified four tops and bottoms in the composite chart of Bitcoin, SPX , and ETH in the chart in Figure 9 above, and drew red and blue vertical lines at the tops and bottoms respectively. As you can see the SPX lagged Bitcoin in 3 out of four tops and bottoms. The ETH lagged Bitcoin only half the times at tops and was coincident at 2 out of 3 bottoms. Although Bitcoin has no intrinsic value as such, the cost of mining new bitcoins is substantial as it requires a lot of computing power. According to research conducted by Elite Fixtures, the cost of mining a bitcoin varies significantly around the world, from as little as $531 in Venezuela to an eye-watering$26,170 in South Korea. Venezuela came in as the cheapest nation as their electricity rates are heavily subsidized by the government.

Is OctaFX Safe?

The total amount of letters of credit opened during the year was RUR 30 billion. Net gain on trading FSCLC securities reflects the gains and losses from trading activities in our proprietary trading accounts.

The Group’s portfolio allows the use of instruments such as liquidity management tools. The share of the debt securities portfolio to assets increased from 7.9% in 2010 to 8.5% at year-end 2011. During 2011, the share of customer funds in the Bank’s liabilities significantly decreased to 67.8% as of December 31, 2011,compared with 69.8% during the previous year. As of year-end 2011, funds raised from corporate customers totaled RUR 1,249.1 billion, a 28.9% increase compared with year-end 2010. Funds raised from individuals demonstrated a more moderate growth rate of 11.8% to RUR 266.5 billion as of year-end 2011.

What types of traders are a good fit for OctaFX?

As of December 31, 2020, we had cash and cash equivalents of $624,572 and restricted cash of $368,344 compared to cash and cash equivalents of $63,208 and restricted cash of $66,597, as of March 31, 2020. At December 31, 2020, we had total assets of $1,473,654 and total liabilities of $1,248,096, including customer liabilities of $967,256. By comparison, at March 31, 2020, we had total assets of $453,523 and total liabilities of $324,486, including customer liabilities of $168,432. Net cash from operating activities during the nine months December 31, 2020, was $698,954. By comparison, during the nine months ended December 31, 2019, net cash from operating activities was $68,645.

  • Measurement of fair value is classified within a hierarchy based upon the transparency of inputs used in the valuation of an asset or liability.
  • An 11-lesson course on forex basics is available in video format and makes a good primer for new traders.
  • The exchange rate for the Ethereum was last updated on July 21, 2022 from
  • They have also got some of the most responsive customer support which has won them a number of awards.
  • This means that the crypto market can possibly become a regular market and serve as an alternative to foreign exchanges.
  • The answer is that it depends on what you want to use the analysis for.

This could be a fee or a rebate as it is tied to interest rate differentials outside of the control of OctaFX. In general, OctaFX has some pretty low spreads when compared to the competition. For many of their major Forex pairs these spreads are close to zero and are especially low for their ECN accounts. Moreover, on the crypto side they only have three cryptocurrency pairs being Bitcoin , Litecoin and Ethereum .

You will be shown a wallet address and the exact amount of crypto you will have to send to it. Instantly and securely buy and sell Ethereum with other crypto assets from the comfort of your Ethereum wallet. Easily exchange Ethereum for your favorite cryptos like Bitcoin, Monero, Litecoin, and more right from your wallet, in seconds. Uniswap is an automated fully decentralized token exchange on Ethereum. Curve is an exchange liquidity pool on Ethereum designed for extremely efficient stablecoin trading. Proof of work describes the process that allows the bitcoin network to remain robust by making the process of mining, or recording transactions, difficult.

BitMEX Users Can Now Buy and Convert Ethereum (ETH) – CryptoPotato

Alerts can be delivered via audio, email, or push notification to a mobile device. Platforms are where you trade, so they must be secure, fast, and accessible while offering you the tools you need to succeed. Each broker’s desktop, web, and mobile platforms are evaluated according to the order types, speed of execution, ease of use, and other ‘need to know’ features.

OctaFX Deposit Bonus

Add at least$50to your trading account using any payment option you like. OctaFX offers negative balance protection, so whenever your balance becomes negative we automatically adjust it to zero. It is always good to see when a broker is well regarded not just by their clients but also by fellow industry members. Although the prospect of trading with free money sounds great, bonuses are an incentive for you to trade aggressively to meet your targets which could erode your profit. Most of these resources are actually available free of charge on their website and can be viewed by you right now. This will give you a good grasp of the trading concepts before you dive in with an account.

During the nine months ended December 31, 2020, we recognized total interest expense of $15,092, compared to $8,614 during the nine months ended December 31, 2019. We experienced significant growth in total revenue during the nine months ended December 31, 2020. We believe much of that growth is attributable to the unique market conditions experienced during 2020. At this time we cannot predict whether that growth will continue or whether ongoing Financial Commission concerns over world economic conditions, the U.S. political environment, and COVID-19 will cause customer activity in the markets to pull back. At this time the extent to which these things may impact our business, financial condition, liquidity, results of operations or cash flows cannot be reasonably estimated. The Company also owns a 32.88% interest in LLC Freedom Finance Ukraine, a Kiev, Ukraine-based broker-dealer (“Freedom UA”).

Bybit vs OKX 2022: Top Crypto Exchanges Compared!

Among numerous platforms offering cryptocurrency transactions, CEX.IO provides the users with the opportunity to convert BTC to ETH and vice versa safely. With the exchange, you can always be sure that your data, all the personal information, and funds are securely kept in compliance with the regulations and the laws. The advanced encryption system allows to ensure the greatest security for all the data provided by the users. Further, to prove our eligibility to work with funds of our users, we are registered in FinCEN as Money Service Business. Ultimately, we have the PCI DSS certificate level 2, which additionally proves the high security of users’ information. OctaFX clients can make deposits and withdrawals via bank wire, credit card, digital wallet, and cryptocurrency. Processing times are fast, within 30 minutes for deposits and 4 hours for withdrawals, which is better than average for the industry.


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