Starting from 01.05.2015 there was added new banking product to the list of NIKOIL|Bank products – NIKOIL|FOREX.
Nikoil|Forex gives possibility for the accessibility of the international financial market and making operations on trading with the help of the electronic trading system of the Bank – Nikoil|Trader. Software Nikoil|Traderis based on the MetaTrader4 of MetaQuotes Software Corp. Company and is different for its simple interface and powerful technological solutions.
The product is intended for the investors, who can hold both short-term speculative operations and long-term in order to hedge currency risks.
All transactions are made online via the Internet.
Around hundreds of trading instruments, including currency pairs, precious metals (gold and silver), also CFD (contracts for difference) of oil branded Brent and WTI and indexes of the world's leading stock exchanges are presented for investors.
Free demo version of the platform available for testing of trading strategies and the real version for real trading. Also available free of charge handy mobile version that allows you to use all the advantages of the product on all mobile devices, smart phones and tablets, running on IOS from Apple, and Android.
Instant order execution, competitive spreads, the possibility of leverage up to 500: 1, accounts charging swap interest or interest-free account, the ability to hedge positions, support 24 hours are the hallmarks of NIKOIL | FOREX.
At a specially designed site of the product, forex.nikoil.az, available all information about NİKOİL | FOREX, embedded solutions for downloading all versions of the trading platform quotes and economic news in real time.
Additionally, customers will be provided by an overview of the market, technical and fundamental analysis by major trading instruments.
Individuals wishing to invest in the international financial markets can apply to the Department of brokerage services of the Bank, located at Azerbaijan, Baku, 27 Hajibeyov str., AZ1000.
Very soon is planned proposal NIKOIL | FOREX in all 21 sales points of Nikoil|bank located not only in Baku, but also in other regions of Azerbaijan Republic.
All information about NIKOIL | FOREX, promotions and special offers can be obtained by calling the short number (012) 981 (5555), or you can write by email to forex@nikoil.az or just in the web-page forex.nikoil.az
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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