Acid Test of Worldcore Financial Services

Worldcore Financial ServicesFinancial services have come a long way in the last decade, and today, there are some great things happening in the web-based services, which have changed the game. No longer do we have to rely on banks and regular or conventional financial institutions anymore, and that is a great welcome change for sure, given that we live in a world where the web or internet is a separate market in itself. Among the new-age services is, or better known as Worldcore. Here is a close review of this new service with a quick take on how well it performs on the claims made.

Understanding the service

Financial service UnderstandingMost web-based financial services intend to make transacting easy for customers, which includes businesses and individual users. Worldcore too plays in the game genre, where it promises to cater to offer the best options for both kinds of clients. With this service, you will be able to send and receive bank transfers, make transfers to all Visa/MasterCard worldwide, send transfers to bank accounts and both debit and credit cards and transfer money to other Worldcore users with no extra fee.

The service also distinguishes between the things that are offered for businesses and regular users, making it easy to opt for them. Not to forget, they also facilitate the process of owning a Worldcore Visa debit card, which can be used for withdrawing money anywhere in the world.

Background and other details

Worldcore Visa debit cardWorldcore was founded in the year 2014, by a strong team and is owned and operated by EUPSProvider s.r.o, which happens to be regulated by Czech National Bank and is a recognized ., Czech Republic licensed payment service provider. Based out of Prague, the company, through its official website, claims to make bank payments, e-currency payments and other kinds of transactions easy for users.

Is Worldcore worthy?

Worldcore worthyWorldcore has a number of things on the plus side, which makes a worthy contender among the leading services around. Both local and international wire transfers are made easy with the service for sure, and there are no limitations, which is likely to make sense with startups and new businesses that are trying every bit to save money on financial transactions. At the same time, the service complies with all international regulations, and that is surely a relief. Other good things include free transfers to other Worldcore accounts, and payments being credited in USD or EUR.

On the flip side, there’s nothing much to say, except that it’s a new service and they will have to prove themselves in years ahead. Given that they are so flexible now, both businesses and individual users may consider their services, which mostly ease many barriers that we all know of. On the whole, Worldcore delivers as intended and should be a good choice for businesses looking for savings.

Author Bio:- Steven Atkins is a financial consultant for many startups and has worked with a number of different companies as their core advisor on matters related to finance. He is also a personal investment professional.

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Why You Should Trade On Regular Basis

There are different types of professions that people opt to make money and earn a living. However, the pace at which the expenses are increasing in today’s time, one source of income isn’t good enough to live a happy life. To eliminate the effect of the inflation and spend a life full of wealth and prosperity, one should not depend on a single source of income. If you are young and aspire to live a happy life, where there is no dearth of money, make sure you create more than one source of income. Here is how you can go ahead with that-

Should Trade

Invest More, Spend Less

The best way to create wealth is to invest more and spend less. No matter which part of the world you are based in, this approach will never betray you. The moment you graduate, you should look for a job that can earn you a monthly salary. It’s necessary to have an active source of income, and your job can do that for you. Once you are settled in your job, the next thing that you should do is to find a secondary source of income. It can be anything as long as you are able to earn decent money out of it along with your day job.

Although there are many things that you can involve yourself into to earn extra money, trading is something that you can rely on the long run. If you want to understand the way the market works and how people make billions without moving an inch from their chairs, learn to trade. It’s that one thing that will keep you informed about the world market as well as give you unlimited chances to earn enough money to feed yourself as well as your bank account.

XFR Financial

Trading With The Help of A Broker

You can educate your child at home, then you send him to school and spend thousands of dollars? Ask this question to yourself and you will understand the value of a broker in a trader’s life. There is a reason why professionalism exists in this world. You may understand the basic concept of trading, but there are many hidden issues that you may not be able to deal with once you jump into this ocean. This is where the role of a broker become very important.

trade in Forex

To make sure that you can carry your day job as well as trading practices side by side, opt for a well-known broker. There are many brokers in and around your area, but it’s always good to go with a the one who’s known by many. The one name that you can rely on is StockPair.

If you want to enjoy the trading the way you enjoy anything else, you should take the help of StockPair in the first place. Thousands of people trust it; hence, you are not exposed to any risk. So, choose its services and make endless money in trading without any hassle.

Forex Losses

Author Bio:-Ben Savicki is a financial graduate and trader by profession. He loves writing about trading, investments, finance & Accounts, etc.

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XFR Financial Ltd Explains Trading Hours Of Forex Market

Forex market has great advantages over other markets and the biggest one is its 24 hours operation. It is open 24 hours over a week with the exception of weekends. The other markets operate during the normal business hours but the Forex market is open throughout the day and night. You are free to invest and perform trade at any point of time you like. Those who are busy in the office hours can do the trade in the night, those who want to do it early in the morning can do it as they like. You can do foreign trading whenever you have time to log in to XFR Financial Ltd. Though Forex market operates 24 hours but it is important to know about the actual operating hours of the different region’s market and when is the best time to place a trade on the market.

XFR Financial

What are the actual operating hours?

Each financial center like New York, London, Tokyo, Frankfurt, Australia and others have its own operating hours which means 8 a.m. to 4 p.m. local time. So if it is Tokyo market and it is 8:00 A.M. Monday morning in Tokyo, you can take the advantage of trading from your New York apartment at Sunday night also.

Each financial center

Overlapping of time and XFR Financial Ltd

There are many financial centers across the globe and there are times when these markets overlap. For example New York and London markets overlap from 8:00 A.M. to 12:00 P.M. EST and London and Tokyo markets overlap from 3 to 4 AM EST. The Sydney and Tokyo markets overlap from 7 PM to 2 AM EST. The overlapping time is best for Forex trading at XFR Financial Ltd since the liquidity of the market is highest at that time and the risk of losses can be minimized when the liquidity is highest.

XFR Financial

What is a good time to trade in Forex?

Forex market is the round the clock market but as discussed the overlapping hours are best to trade because it provides great liquidity keeping your money safer. Besides these overlapping hours the best time to trade will be:

  • The middle of the week shows the best movements
  • London, New York and Tokyo market are the 3 biggest markets. So during the trading hours of these 3 biggest markets it is recommended to trade.

trade in Forex

Times to avoid for Forex trading

Here are the times to avoid in Forex trading to make the maximum benefits of other times when the trade is on its high-

  • Sundays which have limited volume
  • Fridays which are unpredictable
  • Holidays also have the limited volume of trade
  • Release of the economic reports which cause high volatility
  • 4:00 PM to 6:00 PM EST which have low volumes of trade

Forex trading

Thus a careful analysis of the right time for Forex trading is very important so that you can make the maximum use of good time for trading and generate big profits with XFR Financial Ltd. Though Forex is a 24 hour market but trading in the favorable hours is crucial for a good trade.

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Hassle-Free Loan from Leading Banks

The present economy has been on the rise in most parts of the world. However, people have been striving for money for most of their expenses. As a result, they would resort to banks and financial institutions for their money needs. With the expenses on the rise in present day’s life, either people would have to curb their desires on various necessity items or they would break their bank balance to purchase those items. There has been an easy method for purchasing desired items or products without breaking your bank balance. You could resort to personal loan for taking care of your necessities.

Loan from Leading Banks

You would have the benefit of availing additional cash, which would fit to all your requirements. BPI Personal Loan has been popular with the people as a multi-purpose cash loan having no collateral requirement. You would be able to avail up to three times your monthly gross income. In addition, you would be given the option of affordable payment terms. The bank would also cater its customers with low interest rates. These have been hard to find in the present times, where most banks and financial institutions have been looking forward to drain every penny from your bank account on the pretext of interest rates.

On the other hand, the needy people would be catered with BDO Personal loan from the bank. This kind of loan would be able to take care of your immediate financial urgencies and requirements. You would be able to make the most of low interest rates offered by the bank. Moreover, the bank would be able to cater you with easy payment terms for a tension-free loan repayment. Above all, the hassle-free online application form would make it easy to avail loan from the bank in no time. You would enjoy dealing with the bank.

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Limiting Your Forex Losses

Forex is exciting, challenging, and thrilling, but that doesn’t negate one fundamental truth relating to it: it’s a dangerous game to play. Ideally suited to entrepreneurs, go-getters, and gamblers, it is a high risk, high reward venture, and it’s not for the faint of heart.

This doesn’t mean that you have to gamble everything that you have whenever you want to place a trade. Although you always run the possibility of losing the money you stake, the degree of risk that you take is entirely down to you. It is impossible to lose more than you have invested, and this means that there are lots of strategies to safeguard your assets and secure your success.

Forex Losses

If you’re in need of a little education, then here are a few methods that you might like to try…

Choose a Good Forex Broker 

Once of the most important safety nets that you can put in place is a good forex broker. Experienced investors understand how important this is, but their novice counterparts will often make a selection based on little more than their budget. A better way to approach the decision is by contemplating how much support you require, and carefully considering each brokers individual track record. Reputable names like OANDA tend to offer a good starting point, and will provide a steadying hand on the wheel to guide you through even the stormiest of waters.

Adopt the 15 Per Cent Rule 

Choosing the right team of people to support you is an excellent first step, but you’ll also need to assess your strategy, and make some changes where these are necessary. One of the most important methodologies to implement is the ‘15 per cent rule’. In the world of forex, you can only lose as much as you stake, and this means that gambling too much of your account total on a single trade is never a wise move. A better approach is to limit yourself to placing no more than 15 per cent on individual trades, however promising they appear. This way, should it all fall apart, you still have 75 per cent of your earnings to fall back on. After all, a minimal loss is recoverable; a larger one may not be.

Learn from Your Mistakes 

Although we all want to perfect our trading, small losses and early mistakes are inevitable. Even the most successful investors get it wrong sometimes, but the best way to limit your losses is to view this as a learning curve. Every time you make a trade, keep a note of it, whether it works or not. Then, come the weekend when the markets are closed, sit down and review your every move. Once you can identify the factors behind your losses, you can learn not to make the same mistakes again.

Apply our advice to your trading strategy today, and limit your forex losses.

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Find out more about invoice financing

There are many reputable companies that can help you if you need to unlock the value in unpaid invoices. Invoice discounting is a form of invoice financing that involves borrowing a large chunk of your invoice’s value until you have been paid. It involves you continuing to deal directly with your client rather than asking the financier to contact them. Perhaps you’ve sent an invoice and need to obtain at least most of the cash quickly so you can put it back into your operations, but you don’t want your client to know you’re working with a financier? Then invoice discounting could be ideal.

Tax Advisor

Is discounting right for you?

Invoice factoring is another form of invoice financing. In invoice factoring, you can essentially sell your invoice to a financier, who’ll then take over chasing up the invoice. You may have to give the financier a little more for factoring than discounting, but you will be saved from chasing up the payment yourself. If getting a financier involved won’t harm your relationship with a client, this may be the wisest option.

Financial reports analysis

An alternative to a bank loan

Whichever option you choose, you could have the money you need to grow your business within just 24 hours. Sometimes, companies realise they simply cannot wait for the due date for the money to enter their account, which is where these forms of lending can help. Invoice financing can be a welcome alternative to arranging a bank loan. Any dependable and trustworthy invoice financing company will be able to talk you through all their services so you can come to an informed decision over which one is right for you.

Payday Financial loans

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What to do with your Canadian Investment Accounts when moving to the U.S.

Individuals moving to the U.S. from Canada are having to contend with a new transition planning challenge that was not a concern in past years: an 0.80Canadian dollar (CAD).  When the CAD was valued above 0.90 or 0.95, many individuals naturally elected to convert their bank and Non-registered (taxable) investment account funds to U.S. dollars (USD) and move them to a U.S. bank or custodian.If you live in the U.S. and your living expenses are denominated in USD, having as much of your liquid net-worth in USDmakes sense.  Furthermore, converting and moving Canadian non-registered accounts to the U.S. simplifies tax and foreign account reporting requirements, provides for better investment opportunities, including those that are more tax efficient, and it helps simplify your financial and estate plan.

That said, with an 0.80 CAD, things become more complicated as most clients do not wish to convert funds at a 20% discount.  So, what are the options available to individuals or families that do not want to convert their non-registered accounts to USD?  And, what are some of the challenges associated with keeping investment accounts in CAD while residing as a U.S. tax resident?

Investment Accounts

Leaving your Canadian investment accounts in Canada

If you work with a Canadian financial advisor, the chances are they are not registered to provide investment or financial planning advice to a U.S. resident.  A financial advisor must always be licensed in the jurisdiction in which a client lives regardless of the clients’ citizenship or the country in which the assets reside.  Once you become a resident of the U.S. and you request your advisor update your mailing address on file to your new U.S. address (never leave your old Canadian address on file: see, one of three things will likely happen:

1) Your advisor will inform you that they are no longer able to provide investment advisory services to your non-registered accounts and that you must work with someone who is

2) Your advisor will explain that you can keep your accounts on the platform but that they willfrozen and no further trading or rebalancing can take place

3) Your advisor will explain they are registered in the U.S. and can continue to oversee all investment management services in your accounts.

customers Expenses

As mentioned above, scenarios 1) and 2) are by far the most common outcomes as most Canadian advisors are not registered in the U.S.If you do have an advisor that fits scenario 3), make sure their servicesand expertise extends beyond providing investment management.  For example, when moving to/and or living in the U.S., clients are faced with a host of cross-border planning complexities. A true cross-border financial advisor will help construct an integrated Canada-U.S. cross-border financial plan that addresses tax and estate planning matters in addition the management of your investment assets.

If you ultimately do decide to leave your Canadian non-registered accounts in Canada under scenario 2) or 3), there are number of important points to consider:

  • You should not hold Canadian traded mutual funds or exchange traded funds (ETFs). Not only are they considered “not registered for sale” to U.S. residents but even more importantly, they will likely be considered a Passive Foreign Investment Company (PFIC). In short, this means that earnings and dividends distributed by your Canadian-based mutual funds and ETFs are not taxed the same way in the U.S. as they are in Canada, and this could result in unnecessarily high tax rates.

Selling Education

  • If your goal remains to ultimately convert these funds to USD when the exchange rate becomes more preferable, make sure the investment strategy put in place is accommodative to a future currency conversion. For example, make sure you are not locked into any investment products that must be held for a certain period of time.  Also, make sure yourinvestment accounts are not invested in volatile or speculative securities that are subject to sharp market swings.  It would be a missed opportunity if the exchange rate became attractive to convert your funds to USD but your CAD investment holdings were sitting at a loss because of poor market performance.
  • Canadian custodians do a poor job conforming to U.S. tax reporting requirements. For example, manyCanadian custodians do not prepare year-end tax reports that show long-term vs. short term capital gains which is a tax reporting requirement if you are a U.S. resident.  Further,many of the tax reporting forms Canadian custodians provide are denominated in CAD which means your accountant will have to convert all taxable and reportable transactions to USD when you file your annual U.S. tax returns.  This additional work by your accountant can increase the chances of errors occurring and lead to higher accounting and tax preparation cost.

Personal Finance

  • Make sure your advisor is managing your account under an investment mandate that reflects your S. tax residency and not under a mandate that is reflective of a Canadian tax resident. As mentioned earlier, as a U.S. tax resident, you are subjected to long term and short term capital gains rates.  If you sell an asset that has been held for one year or less, any profit you make is considered a short-term capital gain and taxed at your ordinary income rate (up to 39.6%).  If you sell an asset you have held greater than one year, any profit you make is considered a long-term capital gain and is typically taxed at a preferable rate (15% or 20%).  In Canada, there is no such thing as long or short term capital gain.  You just have one capital gains rate and Canadian portfolio managers are trained to oversee client accounts under this Canadian standard.

Also, there are different types of investment securities, such as Canadian preferred shares, that are attractive investments from a Canadian tax standpoint but not from a U.S. tax standpoint.  It is always in your best interest to confirm that the Canadian money manager or advisor can customize the management style of your portfolio to adhere to U.S. tax rules.

Personal Finance Tips

  • You will be subjected to extra foreign account reporting requirements by the IRS. Because these accounts are domiciled outside of the U.S., the IRS will require you to report specific information about them (account number, year-end value, highest market value in the tax year etc.) on a form called the FinCEN Report 114.  This increased reporting requirement is time consuming and will likely lead to increased tax preparation costs.

While leaving your CAD taxable or non-registered accounts in Canada once you become a U.S. resident can be done under limited scenarios it certainly is not ideal for many of the reasons outlined above.

Moving your Non-Registered Investment Account to the U.S.

While moving your CAD investment accounts to the U.S. will simplify financial and estate planning initiatives and streamline U.S. tax reporting, other challenges still exist. For one, most US.-based financial advisors will automatically want you to convert your CAD accounts to USD which of course goes against the goal to maintain your holdings in CAD.  The main reason a U.S.-based advisor will recommend you do this is because their firm or their firm’s custodian does not offer multi-currency accounts.  The only currency option they provide for investment is USD.  It is very common for investment firms to not offer CAD denominated accounts because there is little demand for them in the U.S.

Registered Investment Account

Those investment advisors that do confirm they offer multi-currency accounts that include CADmay not know the Canadian investment market well enough to construct an investment portfolio.  It is one thing to be able to open a CAD denominated account on behalf of a client but it’s another to be a financial advisor or portfolio manager with the knowledgebase and training to build Canadian-based investment portfolios using Canadian-traded securities. All too often clients are left holding their CAD investment account in cash because they cannot find a qualified U.S.-based investment manager to invest the assets.

The Cardinal Point Difference: Cross-border investment management

At Cardinal Point, we are a registered to provide investment management and financial planning services in both Canada and the U.S. without any restrictions or limitations.  For clients that have investment accounts in both countries (RRSPs, Non-registered, IRAs, 401ks, Trusts etc.), we are able to construct integrated cross-border investment portfolios customized to the clients’ risk tolerance, needs and goals.

investment management

If you are an individual living in/and or moving to the U.S., with CAD non-registered assets and you do not want to convert the funds to USD, our experienced Canada-U.S. portfolio management team has the ability to invest your accounts in CAD on a U.S. custodial platform. Partnering with Cardinal Point to oversee the management of your CAD non-registered accounts offers the following benefits:

  • Proper and customized U.S. tax reporting on CAD investment assets
  • Multi-currency investment accounts supported by an investment team that provides CAD and USD asset management services
  • Flexible foreign exchange services
  • Understanding of U.S. tax management strategies on CAD investment accounts
  • Additional cross-border financial, tax and estate planning expertise
  • Please contact Cardinal Point to discuss your cross-border investment management and financial planning complications.
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Five Financial Planning Tips for Business Owners

When it comes to your financial security, planning is essential. Without adequate planning, a great routine, and due diligence, you can’t really expect your business to be in a good place, financially speaking. Times have changed, and it’s now more difficult than ever to keep your business afloat. Competition is fierce, and industries are changing more rapidly than ever. It’s important to have a solid plan, and to execute that to near perfection.

Financial Planning

Use Financial Planning Software

Using cutting-edge financial planning software can help you to keep your cash flow balanced. Of course, if you’ve been to business school, you’ll know just how complicated business finance really is, and are probably very much aware of how much automated software could help. This kind of planning software helps you with its included modelling calculators that will make understanding your prospects as simple as pushing a button. This kind of software can also be extremely valuable when you’re trying to learn what ventures to pursue next as it can help you see which area of your business has the highest potential profit at a glance.

Financial Planning Software

Risk Management

As your business grows, so will the risk that it inherently faces. As you pursue new lines of business and new streams of income, you’re going to face new financial challenges, some of which will have greater financial risks than others. In order to mitigate this risk, you need to know how to assess it, and how to handle it. Knowing how much money you can invest in a particular area is an example of one piece of knowledge that will help you. Professional assistance is generally very helpful in this matter.

Risk Management

Managing Debt

Nearly every business will have to seek financial help from investors and banks. It’s crucial to know how much debt your business can afford to handle. This is an important part of effective risk management, and it may require expert advice to be managed properly. You may need to keep your other expenses low, or you may need to find cheap ways to bring in higher profits if your exposure ends up being too high.

Managing Debt

Hire a Financial Advisor and Tax Advisor

As a business owner, you may focus a lot of your time and energy on taking care of the needs of your business first, but you do need to think about your own finances as well. If you have not run a business before, you may not know how to properly manage your own finances when it comes to taking pay from your business. This is a delicate matter, especially when it comes to the tax liability of yourself and your company. Hiring professionals can be extremely helpful in managing taxes and other financial matters both for yourself personally, and for the business. Professional assistance can mean the difference between financial success and disaster. Unless you’re willing to be extremely diligent in learning how to manage this on your own, you’ll need help from a professional.

Tax Advisor

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Penny Stocks Exposed! Analyze this before financing in Penny Stocks

The universe of speculation filled with a considerable measure of chances. Keeping in mind the end goal to settle on a sound speculation choice, it is vital that the speculator completely comprehends the danger included in any endeavor before conferring trusts towards it.

Most financial specialists are wary of putting resources into penny stocks because it inclines to the pump and dump plan. Purchasing weight pushes up costs, which makes individuals get tied up with the “buildup”. The starting financial specialists then dump the stock making it crash. It is not all fate and misery regarding the matter of putting resources into penny stock, it is critical to comprehending what you are applying so as to do, the accompanying standards:

financing in Penny Stocks

  • Do your exploration. The quality of an organization is a vital pointer of the quality of your speculations, visit the organization’s site and look at business sector records.
  • Look out for buyouts. Once in a while, an organization purchases out a littler business, a few organizations every now and again dispatch new items. It can bring about the costs of their shares to rise and where there is an ascent in cost, there is some benefit to make.
  • Stick to Major Indexes exchanged on Exchanges. Despite the fact that Penny Stocks not exchanged on real trades, some low valued stocks are recorded in the trade and are not as unsafe as those that exchanges OTC. Some expansive organizations give penny stock as a ticker, a stock condensing which permits straightforward entry to market operations.
  • Trade inside of your danger resistance. Try not to spend what you are willing to lose. Utilization stop misfortunes set a sum as the base point so that if the value falls past that point, you offer.

Putting resources into penny stock is not for the weak of heart. It is a bet for speculators who like and can deal with danger; various financial specialists have discovered accomplishment with penny stock. A Little venture on the right stock could be life changing if the stock kept for a critical timeframe.

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Essential Factors to Consider when Computing Compensation for a Claim

When it comes to computing the compensation you can expect for a personal injury claim, you should know that there are some essential factors to consider. And whilst there is said to be a ‘rough figure’ of compensation for all kinds of personal injury claims, the compensation you receive can still be quite different from the rest based on the severity of your injury and how long it has affected your life, amongst other aspects. Each person’s personal injury claim can be different from another, and for the best computation on your claim, you may need the services of a personal injury solicitor who can give you relevant advice on what you can expect.

What you should know regarding the proper computation of your claim

For most of us, it can be difficult to fully understand how personal injury claims work, as the value of each claim needs to be computed on different aspects. But the best and most ideal way to comprehend it is to know that before compensation can be computed, the compensation that you are seeking needs to fall into a distinct category. Once it is categorised, then it will be easier to know how much you can really claim.

The categories of claim compensatio

There are several categories that fall under claims compensation, and this includes general damages, loss of income or earnings, expenses out of pocket, and services.

claim compensatio

General damages compensation

Under the legal structure of the UK, there are different ‘prices’ for different injuries. Additionally, the sum of compensation will depend on the body part that has been affected. The price of compensation is actually updated every year. As mentioned, compensation for general damages can vary depending on the type of injury and where it has been sustained. And whilst there is a value on each type of injury, the compensation received can still depend on each person’s individual case.

If you have suffered a minor injury to the head that does not impact the brain, for example, compensation can range between £3,000 and £6,000. However, head injuries that include damage to the brain can be awarded compensation from £20,000 to several hundred thousand pounds.

The case is different for injuries to the upper body as well, especially when it comes to the shoulders and neck. For a minor injury, compensation can range from £4,000 to £6,000. But for a more severe injury, especially those that are deemed permanent, compensation can range from £10,000 to £20,000

Psychological injuries, on the other hand, also fall under general damages compensation but there is another scale for this as well. If the prospects for a good recovery are high, then compensation can be between £4,000 and £10,000. For more serious injuries, however, claims can be as much as £50,000.

Psychological injuries

Loss of income, expenses out of pocket, and services

Another major category when claiming compensation for a personal injury is loss of income or earnings. If you have been absent from work due to your injury, you can receive damages according to what you should have earned at this time. There are also expenses out of pocket to consider, and this is related to what you have spent whilst having your injury treated. This would include travel expenses and property damage expenses as well. If your injury is severe and you have had to rely on professional assistance and care, then you can ask for compensation for this also, deemed ‘services.’

Whether you are interested in seeking hair damage claims from a hairdresser or barber or would like to pursue a claim for a road traffic accident, it is always best to seek the services of an experienced solicitor, such as the solicitors from Shires Law (learn more about how they can help you at

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