Australian Bushfire Crisis – Invast Global Charity Day

On the 31st January, Invast Global will donate all trading commissions earned to the NSW Rural Fire Services to support the volunteer firefighters and the victims of the ongoing bushfire crisis in Australia.

Australia is currently experiencing its worst ever bushfire season. The blazes first ignited in September 2019 and have continued to burn throughout the Christmas and New Year period. Experts forecast that the fires are likely to devastate the east coast of Australia for another two months.

25 people and over 400 million animals have been killed by the fires which have burned about 14.5 million acres across Australia. Many more have suffered serious injury. The area already burned is more than triple the size of the land destroyed by the 2018 California Fires and six times the size of the 2019 fires in the Amazon Rainforest.

Australian based prime broker, Invast Global, has announced that they will donate 100% of the trading commissions generated on Friday 31st January 2020 to the New South Wales Rural Fire Service (NSW RFS). The NSW RFS is the world’s largest volunteer firefighting service; however, it has been widely reported to be underfunded by the Australian government.

These donations will directly benefit volunteer firefighters and families who have lost their homes to the horrific bushfires.

Gavin White, CEO of Invast Global, has stated “We have had an amazing response from our brokerage clients who are spread all over the world. They are all getting behind this and I’m hopeful we can get a great result, to support the incredible volunteers who have fought these fires with such dedication and selflessness – and also to help provide comfort to the unfortunate victims of the disaster. It is a humbling experience to see how much the rest of the world is taking notice of the tragedy unfolding Down Under. Some of the most supportive of our clients are based on the other side of the world, with many never having been to Australia – yet they are pledging strong support to Charity Day.”

 

A young girl evacuates by boat after her town become encircled by the fires

You can gain a full insight into the current situation by clicking here.

Firefighters hose down trees as they battle against bushfires around the town of Nowra in the Australian state of New South Wales on December 31, 2019. – Thousands of holidaymakers and locals were forced to flee to beaches in fire-ravaged southeast Australia on December 31, as blazes ripped through popular tourist areas leaving no escape by land. (Photo by SAEED KHAN / AFP) (Photo by SAEED KHAN/AFP via Getty Images)

 

Read this next

Education, Fintech, Inside View

How to Get Into Fintech: Best Tips to Succeed

The Fintech sector is experiencing significant growth, with fresh opportunities emerging rapidly.  Innovations such as machine learning and cryptocurrency are revolutionising finance, leading to a need for trained experts.

Digital Assets

FalconX launches Prime Connect on Deribit

“We are pleased to launch Prime Connect with Deribit and look forward to providing our full suite of prime services which allow institutions to confidently scale their digital assets portfolios while trading on exchanges.”

Retail FX

Lion launches multi-currency trading accounts powered by AI

The core advantages of multi-currency trading account services include enabling significant cost savings and higher efficiency for investors.

Inside View, Interviews

Interview: Stanislav Bunimovich on Finalto’s white label solution

To explore what makes Finalto’s white-label solutions stand out in such an incredibly competitive market, Finalto sat down with its Chief Operating Officer, Stanislav Bunimovich, for an interview. 

Digital Assets

Talos acquired Cloudwall for a better portfolio management system

Cloudwall’s additional expertise in portfolio risk systems further positions Talos at the forefront of portfolio management systems across spot, futures, perps, and options.

Digital Assets

Bybit’s Bitcoin market share explodes, up by 400%

“This milestone is a testament to our sharp trading products and the loyalty of our users. As the industry evolves, Bybit remains at the forefront, ready to set new standards in the crypto trading world.”

Crypto Insider

Why Self-Custody is the Key to Secure Crypto Trading

Crypto trading is fast gaining popularity; as of writing, the total market capitalization stands at $2.3 trillion, double what it was at the onset of the 2021 bull market.

Industry News

UK FCA sues Lee Steven Maggs for FX scam Kube Trading

‘Kube Trading’ allegedly received around £2.67 million for FX trading and concealed significant losses from investors.

Market News

AUD/USD Soars Following Inflation Report

Australia’s CPI surge hints at prolonged tight monetary policy. Watch the Aussie dollar as US economic data looms.

<