nTrader wins top performing trading platform award at Forex Traders Summit 2025
The company's reputation in the industry is underscored by a series of prestigious recognitions and strategic sponsorships: Winner of Best Trading Platform 2024, Bronze Sponsor of The Forex Expo Dubai 2024, and Silver Sponsor of The Forex Traders Summit 2025, Dubai.
'At nTrader, our vision is simple, to give brokers and financial institutions the power to run their business on their own terms. We deliver a complete, cutting-edge trading platform with all the tools they need so they can focus on growth, innovation, and client success,' said Asdaque Riffat, co-founder of nTrader.
More than just a traditional software provider, nTrader stands out in the fintech industry for its end-to-end solutions tailored to help emerging brokerage firms scale efficiently. Its robust platform and support tools are designed to simplify operations and enhance the client experience across the board.
What truly distinguishes nTrader is its integrated suite of broker support tools, which go beyond trading software. These include Client and IB Portal CRM Systems, Copy Trading and Social Trading Platforms, and FIX API Liquidity Bridges connecting brokers to top-tier liquidity providers worldwide
As the financial landscape evolves, nTrader remains committed to innovation, reliability, and client success. With its headquarters in the UAE and a growing global footprint, the company continues to set new standards in the fintech and brokerage technology space.
For more information, visit: https://nextgen-trader.com/.
Disclaimer: nTrader is a software development company and does not offer any kind of financial services. The views expressed are company's own and do not reflect the newspaper's policy.
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New York Post
an hour ago
- New York Post
Trump says US will begin talks with China on possible TikTok deal as early as Monday
President Trump said he will begin talks with China in coming days on the sale of TikTok. 'We pretty much have a deal,' Trump told reporters late Friday. 'I think we're gonna start Monday or Tuesday . . . talking to China, perhaps President Xi [Jinping] or one of his representatives, but we pretty much have a deal.' The White House will likely need China to approve such a deal regarding the video-sharing, social-media platform, added the president. 4 President Donald Trump said he will begin talks with China in the coming days about a possible deal on the sale of TikTok. REUTERS Advertisement Trump made the announcement after The Post's Charles Gasparino earlier Friday reported the commander-in-chief had found a buyer for the controversial Chinese-owned short-video app but his real problem is with the seller. TikTok is being used as a pawn in the US-Chinese trade negotiations by Beijing, which knows Trump wants the app to remain operating in the United States, sources said. There will be no sale of TikTok to American investors — a move needed to conform to a US law — until the Chinese president is confident he has extracted as much as he can in terms of a favorable trade deal with the White House, added the sources. Advertisement 4 Chinese President Xi Jinping has been using TikTok as a pawn in the US-Chinese trade negotiations, according to sources. KAZAKHSTAN'S PRESIDENTIAL PRESS SERVICE/AFP via Getty Images Trump last month signed an executive order to extend the deadline to Sept. 17 for TikTok's China-based parent company ByteDance to divest TikTok's assets in the United States. It was the third such extension since Trump returned to the White House in January. In April, a group of wealthy investors and tech honchos were poised to place a bid with China to buy the app's US-based operations until Trump launched a trade war against Beijing, hitting China with 145% tariffs on imported goods. Advertisement That number has since been lowered as both sides negotiate other trade issues as part of a broader deal. 4 President Trump said he has a 'great relationship' with Chinese President Xi Jinping. AP When asked how confident he is that China will agree to a deal, the president said, 'I'm not confident, but I think so. President Xi and I have a great relationship, and I think it's good for them. I think the deal is good for China, and it's good for us.' 4 Trump last month signed an executive order to extend the deadline to Sept. 17 for TikTok's China-based parent company ByteDance to divest TikTok's assets in the United States. AFP via Getty Images Advertisement Congress voted overwhelmingly last year to ban TikTok if ByteDance wouldn't divest — via a 79-18 Senate vote and a 360-58 House landslide. Then-President Joe Biden signed the act. Trump halted the implementation of the ban on his first day in office — issuing an initial 75-day extension. Trump was skeptical of TikTok as a Chinese data-collection front during his first term, but came out against the ban after most major US-owned social media and content platforms, including Facebook, Twitter and Google-owned YouTube, banned him following the Jan. 6, 2021, Capitol riot.
Newsweek
2 hours ago
- Newsweek
Donald Trump Signals Breakthrough in US-China TikTok Deal
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Donald Trump said that he will start talking to China in the coming days about a possible deal with TikTok, which was banned in the United States over claims it posed a national security risk. The president told reporters on Friday the U.S. "pretty much" has a deal on the video-sharing app. Critics had said TikTok could hand over U.S. user data to the Chinese government, an accusation the company has denied. Newsweek has contacted TikTok for comment. This image shows TikTok's logo on a smartphone screen and U.S. and China flags on a laptop screen in Frankfurt am Main, western Germany. This image shows TikTok's logo on a smartphone screen and U.S. and China flags on a laptop screen in Frankfurt am Main, western It Matters Following national security concerns about TikTok user data, U.S. Congress passed a law in April 2024 forcing its sale. A deal to spin off TikTok's U.S. operations into a U.S.-based firm was paused after China responded to Trump's announcements of tariffs on China. Trump's comments could add clarity to the future of the app in the United States. What To Know Trump had criticized the app during his first presidential term but now supports its continued use in the U.S. and he extended to September 17 a deadline for the app's China-based owners ByteDance to divest TikTok's American assets. That extension was Trump's third executive order to delay the ban or sale of TikTok and gave ByteDance another 90 days to find a buyer. Amid the uncertainty about the U.S. future of the app, Trump told reporters on Air Force One on Friday that talks with China would start next week, involving Chinese President Xi Jinping or one of his representatives. "We pretty much have a deal," Trump added. He said he might visit Xi in China or the Chinese leader may visit the U.S. following mutual invitations last month to visit their respective countries. Trump had last month teased that there was a buyer for TikTok, telling Fox News there was a group of "very wealthy people" who were willing to acquire the platform, and there would be more certainty in "about two weeks." However, TikTok's impact on democracy is under scrutiny. In May, investigative campaigning organization Global Witness told Newsweek it examined the platform's algorithm and how it recommended political content. The group said TikTok directed new, politically balanced users disproportionately to "hard-right content over and above all other content" ahead of elections in Romania, Poland and Germany. "It raises the question, why is TikTok's algorithm so into the hard right?" Global Witness campaign strategy lead Ava Lee said. What People Are Saying President Donald Trump said: "I think we're gonna start Monday or Tuesday … talking to China … but we would, we pretty much have a deal." "I think it's good for them. I think the deal is good for China, and it's good for us," he added. What Happens Next There will be anticipation over whether the deadline of 17 September for ByteDance to divest the U.S. assets of TikTok will be met. A sale would need approval from the Chinese government, but Trump said he thought Xi would agree to it, touting his "great relationship" with the leader.
Hamilton Spectator
2 hours ago
- Hamilton Spectator
‘Buy now, pay later' plans are booming as young people struggle with expenses — and some may be losing control
Life-changing LASIK surgery. Thousand-dollar concert tickets. Groceries, lipstick and bright pink sex toys. These are just some of the things Canadians are buying with mini-loans. Thanks to the rise of 'buy now, pay later' (BNPL), consumers can split all kinds of purchases into interest-free instalments by clicking a button — often without a credit check or only a soft credit check. Today, BNPL lenders like Klarna, Sezzle, Afterpay and Affirm can be found at checkouts across the nation. They've partnered with popular retailers such as Ticketmaster, Sephora, Amazon and Costco, and have seen a big surge in users as a result, particularly among gen Z and millennials. How do most 'buy now, pay later' apps make money? The share of Canadians who completed a purchase in-store or online using a BNPL service jumped to 25 per cent in 2024 from just nine per cent in 2022, according to Payments Canada, the organization that operates payment clearing and settlement infrastructure in the country. And, by the end of 2030, the Canadian BNPL sector is expected to almost double its 2024 value of $6.69 billion (U.S.), to approximately $11.32 billion, Dublin-based firm Research and Markets projects. Lenders say they are helping young Canadians, many of whom are just starting to build their credit scores, get access to smaller loans that are more manageable than traditional lines of credit. 'We're credit on training wheels,' said Patrick Chan, general manager of Sezzle Canada. But recent studies have found that BNPL increases spending and puts consumers at risk of losing control of their debt, with nearly half of American users reporting they've regretted financing at least one purchase with BNPL . As the Canadian market evolves rapidly, there is growing concern around young people developing unhealthy spending habits with BNPL tools — especially as youth unemployment soars — while many are feeling pressure to keep up with pricey, unrealistic lifestyles promoted by sponsored digital influencers and social media. People tend to see credit 'as a tool that can enable that lifestyle,' said Miranda Goode, an associate professor of marketing at Ivey Business School who specializes in consumer behaviour and debt. With rising costs of living, a lot of the things we want to buy today are not in our budgets, she added. 'That's just the reality for a lot of people — you still want it and you're still going to make (the purchase).' Toronto resident Leeyhan Dizon, 40, remembers the first time he used a BNPL service. It was a few years ago, and he financed a coat costing around $500 (Canadian) from the trendy Canadian brand Moose Knuckles. 'I was a working student back then,' said Dizon, an employment development consultant at Brock University. He was excited to make the purchase, he said, and even felt more motivated to work because he knew he needed the money to pay it off. Then, a couple months later, he went on to get two pairs of winter boots with another loan, costing him about $400. Skin care and electronics purchases followed, and Dizon soon found himself losing control of his loans. 'I would try to recall, 'why did I get this deduction or why did I get a debit of this amount?' Then I would remember, 'oh, yeah, it's because I have a Klarna payment' ... And I would just be surprised.' 'It can get addictive, to be honest,' said Dizon. 'Then you realize that you have spread yourself too thin on these items, or these purchases.' The issue with BNPL boils down to human psychology, according to the Ivey Business School's Goode. Paying in instalments can make someone feel like they're less financially restrained. 'So therefore you make more frequent purchases using 'buy now, pay later.' And you usually spend a bit more,' she said. 'If I spent $50 at Sephora right out of pocket, right then and there, that would feel a lot worse than if I break it up a little bit,' she explained. But at the end of the day, you're still paying $50 — maybe more if you start missing payments. While buy now, pay later offers convenience at no direct cost to consumers, experts warn it is not without risks as merchants cover the fees hoping shoppers will spend more. (July 3, 2025 / The Canadian Press) While paying in instalments isn't a new concept, more consumers have been gravitating toward 'Pay in Four' loan offerings. The way these loans typically work is, rather than paying the full amount upfront, the consumer pays a quarter of the value upon making the purchase. The remaining three equal payments then get charged to a credit card, debit card or bank account every two weeks afterwards. Most BNPL lenders don't charge any interest or fees on these loans if you pay on time, making them especially attractive to borrowers. According to Payments Canada, young and middle-aged Canadians aged 18-34 and 35-54, respectively, are much more likely to frequently use BNPL than older Canadians. But young Canadians appear to be relying more on these services to purchase necessities compared to middle-aged Canadians. While young people say their top reason for using BNPL is the ability to easily borrow or defer payments, middle-aged Canadians are using it primarily to budget, according to Payments Canada data. Young Canadians also included buying food and groceries among their top three BNPL purchase categories as opposed to middle-aged Canadians. 'The problem is, it's hard to make enough money in this country to actually sustain your life,' said licensed insolvency trustee Joshua Harris of Harris & Partners. 'This is just the next generation of payday loans ... baby boomers, they just go to Money Mart because they're more comfortable with that.' Harris said that, while he hasn't come across borrowers defaulting on grocery payments, he's increasingly seeing BNPL loans pop up in bankruptcy and consumer proposal filings. Often, the loans are on discretionary items, he added. 'It's that sweatshirt you don't need. It's that gadget for the kitchen you definitely don't need, and somehow people are getting stuck into this.' The Star spoke with two BNPL lenders, Affirm and Sezzle, who maintained that they don't benefit from customers overconsuming and falling behind on their payments. (Klarna did not respond to requests for comment and Afterpay declined to be interviewed for this story). That's because most of their revenue comes from charging merchants transaction fees, and not from late payment penalties. 'Because we have very minimal fees if you miss payments, the reality is, we can't survive unless people actually pay us,' said Chan, Sezzle Canada's general manager. If someone misses an instalment, Sezzle will lock their account, stopping them for spending further until they make the payment as well as pay a 'reactivation' fee of $10. Sezzle also charges a 'rescheduling convenience fee' of up to $5 to allow users to delay their payment by up to two weeks. Wayne Pommen, chief revenue officer for Affirm, said that while the company offers some loans that charge interest, it doesn't collect late payment fees at all. 'We take the full loss of not being able to collect the money that we sent the retailer on behalf of the consumer,' he said. Wayne Pommen, chief revenue officer for 'buy now, pay later' company Affirm, says that that while the firm offers some loans that charge interest, it doesn't collect late payment fees at all. It's difficult to know how prevalent late payments on these popular loans are, as different entities report varying statistics. A study by American firm LendingTree found that 41 per cent of BNPL users reported paying late last year, up from 34 per cent the year before. However, 76 per cent of those people were late by only a week or so. 'I wouldn't say that's any more or less significant than what we're seeing with credit card debt,' said Goode in response to LendingTree's findings. 'I think in the short term, those late payments are probably a little less impactful on people's pocketbook than the interest that people are accumulating off of revolving debt.' BNPL providers say the majority of their customers pay either on time or even early. Afterpay states that 96 per cent of Canadian users are diligent borrowers. Meanwhile, Affirm reported in its latest earnings that the share of customers who missed a payment on a monthly instalment loan by 30 days or more was just 2.4 per cent. Still, research supports that people spend more with BNPL, even compared to credit cards, with retailers seeing significantly higher sales and profitability. A recent study published by the American National Bureau of Economic Research showed that BNPL increases sales by 20 per cent at checkout, driven by low-creditworthiness consumers — those who are least likely to repay their debt. 'It's all about the incremental sale,' explained Dan Perlin, managing director of research in payments, processing and IT Services at RBC Capital Markets, in an article published by the bank in 2021. 'Retailers for years have complained about the cost of credit cards and the ultimate corresponding interchange fees that go along with that. The problem is that general-purpose cards are not driving another incremental sale at this point,' Perlin wrote. 'But BNPL shows upwards of 20 to 30 per cent lifts in incremental share at checkout. And average basket sizes are going up above those levels.' Asked whether BNPL could be encouraging overconsumption in a way that isn't putting consumers into dangerous levels of debt, but also might not be helping them spend responsibly either, Chan said it's possible. 'Can Sezzle cause somebody to think that they should buy something that maybe they shouldn't? Yeah, potentially,' he said. 'But I think people just need to be more, you know, mindful of how they spend.'
