Chelsea FC Removes CWM FX from Sponsors' List
- The leading football club declined to comment earlier today about the future of the relationship with the troubled broker, but an update of the sponsors' page can be understood as the club's response.
CWM FX continues to face difficulties as its high-rolling sponsorship of premiership giant seems to be halted. The club has removed the broker's brand from the online list of sponsors.
The London-based broker has been in the limelight since the police raid and arrests at CWM World's offices at the Heron Tower. The group maintains it has apparently been a victim of several former employees, driven by personal animosity.
According to a company statement obtained by Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Magnates' reporters, CWM have made an offer to the City of London Police to ring fence client funds, in addition to those being invested, to underwrite investors’ protection and allay any genuine concerns.
Earlier this week, it was reported that Leverate, the broker's liquidity provider and operator, has cut all ties with CWM FX. The broker has announced to his clients and informed Forex Magnates it is seeking a new provider.
The latest set-back adds to the list of problems the firm is facing as its ‘sales pitch’ of mingling with the rich and famous comes to a halt.
CWM World have taken sports sponsorship as their entry point into the minds and hearts of consumers and investors, the firm offers a range of products including financial services, property investments and payment services, according to the group website.
On the group website, the firm promotes sports sponsorships which include football, rugby, sailing and motor sports.
It comes as no surprise to CWM FX, the firm has already seen its name removed twice from the UK regulator's website with firms that it has or planned to do business with. CWM FX and CWM World were both registered on the FCA for short periods of time, however on both occasions the firm was removed.
Both CWM FX and Chelsea FC were not available for comment.
Forex firms have pounced on the idea of football sponsorship as their route to enhancing their brand equity. The world’s largest firms are often associated with the most popular teams and FX firms have been able to rub shoulders with the elite stars.
Industry participants has expressed their concerns that the latest affair may cast a shadow over the highly popular Marketing Marketing Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t strategy, aimed at gaining wide recognition with broad audiences. This fears arise as some of the most strictly regulated brokers are taking part in such sports partnerships, including publicly listed firms.
CWM FX continues to face difficulties as its high-rolling sponsorship of premiership giant seems to be halted. The club has removed the broker's brand from the online list of sponsors.
The London-based broker has been in the limelight since the police raid and arrests at CWM World's offices at the Heron Tower. The group maintains it has apparently been a victim of several former employees, driven by personal animosity.
According to a company statement obtained by Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Magnates' reporters, CWM have made an offer to the City of London Police to ring fence client funds, in addition to those being invested, to underwrite investors’ protection and allay any genuine concerns.
Earlier this week, it was reported that Leverate, the broker's liquidity provider and operator, has cut all ties with CWM FX. The broker has announced to his clients and informed Forex Magnates it is seeking a new provider.
The latest set-back adds to the list of problems the firm is facing as its ‘sales pitch’ of mingling with the rich and famous comes to a halt.
CWM World have taken sports sponsorship as their entry point into the minds and hearts of consumers and investors, the firm offers a range of products including financial services, property investments and payment services, according to the group website.
On the group website, the firm promotes sports sponsorships which include football, rugby, sailing and motor sports.
It comes as no surprise to CWM FX, the firm has already seen its name removed twice from the UK regulator's website with firms that it has or planned to do business with. CWM FX and CWM World were both registered on the FCA for short periods of time, however on both occasions the firm was removed.
Both CWM FX and Chelsea FC were not available for comment.
Forex firms have pounced on the idea of football sponsorship as their route to enhancing their brand equity. The world’s largest firms are often associated with the most popular teams and FX firms have been able to rub shoulders with the elite stars.
Industry participants has expressed their concerns that the latest affair may cast a shadow over the highly popular Marketing Marketing Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t strategy, aimed at gaining wide recognition with broad audiences. This fears arise as some of the most strictly regulated brokers are taking part in such sports partnerships, including publicly listed firms.