As the demand for Forex trading is increasing in South Africa, a retail Forex Broker FXCM Inc is opening a new FXCM South Africa office. What can local traders expect?
16 November, AtoZForex – South Africa is becoming a lucrative market for Forex Brokers as the popularity of forex trading among locals is raising. The US-based retail forex broker, FXCM Inc, has decided to take an advantage of this opportunity. The brokerage has today reported that it is opening a new branch FXCM South Africa. The office will be based in Johannesburg.
New FXCM South Africa office: What can local traders expect?
Drew Niv, CEO of FXCM, has commented that:
“We’re excited to expand FXCM and our retail forex business to South Africa. There is a growing interest in forex trading in the region which gives us the opportunity to introduce our services.”
Local citizens will be provided with the access to FXCM Trading Station and MetaTrader 4 trading platforms. Also, FXCM South Africa will enable its clients to access resources in the English language which cover FXCM Webinars and Apps, Free Seminars, educational materials and trading analytics. South African investors will be able to trade forex, CFDs and share CFDs.
According to Harry Coundouris, who is CEO of FXCM South Africa, the establishment of FXCM South Africa will offer a unique experience to FXCM’s clients in that region. Since FXCM’s customer support team will “cater to local residents through personal interaction with regional clients, including one-on-one meetings, and exclusive seminars.”
FXCM Inc is a global provider of forex trading offering such tools as mobile trading, one-click order execution and trading from real-time charts. The brokerage has been experiencing financial problems following the SNB Black Swan. As a result of it, the company had to sell some of its businesses in order to repay debts. The most recent case is the sale of DailyFx, a multilingual news portal, to IG Group. The news portal was purchased for $40 million with all its assets.
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