The new brokerage company is registered in the Bahamas and doesn’t handle card payments
Peter Karsten, a former sales consultant at the London Capital Group, has been appointed as CEO to a new Forex and CFDs brokerage called IX Securities. The company is based in the Bahamas and is part of a growing number of new brokerage operations entered offshore.
The change was reflected on the LinkedIn profile of Karsten. The company states on its website that it is regulated by the Securities Commission of The Bahamas, and is registered in Nassau.
The new CEO of IX Securities has significant experience in the industry. Karsten was the CEO of BDSwiss between February 2014 and November 2015. He later joined Infinox Capital as Commercial Director and London Capital Group as a Sales Consultant.
Finance Magnates has reached out for comment to Karsten, but at the time of publication, he hasn't responded.
The biggest challenge offshore brokers are facing is payments. Currently, IX Securities is working with bank wires, 2pay4you, Western Union, Vload, Bitcoin, Fasapay and Perfect Money. The common thing about all of these payment methods is that clients can not do chargebacks.
The high-risk payments industry has been looking for solutions in the aftermath of the reclassification of forex and CFDs brokers transactions by VISA and MasterCard last year.
Brokers located offshore are deemed too risky to deal with even by unregulated payment institutions.
The rise of the popularity of offshore companies comes after the European Securities Markets Authority (ESMA) last year changed the leverage requirement for European clients. Since then, offshore brokers have been mushrooming in the Pacific and the Caribbean, aiming at EU-based clients who are looking to place highly-leveraged bets.
Peter Karsten, a former sales consultant at the London Capital Group, has been appointed as CEO to a new Forex and CFDs brokerage called IX Securities. The company is based in the Bahamas and is part of a growing number of new brokerage operations entered offshore.
The change was reflected on the LinkedIn profile of Karsten. The company states on its website that it is regulated by the Securities Commission of The Bahamas, and is registered in Nassau.
The new CEO of IX Securities has significant experience in the industry. Karsten was the CEO of BDSwiss between February 2014 and November 2015. He later joined Infinox Capital as Commercial Director and London Capital Group as a Sales Consultant.
Finance Magnates has reached out for comment to Karsten, but at the time of publication, he hasn't responded.
The biggest challenge offshore brokers are facing is payments. Currently, IX Securities is working with bank wires, 2pay4you, Western Union, Vload, Bitcoin, Fasapay and Perfect Money. The common thing about all of these payment methods is that clients can not do chargebacks.
The high-risk payments industry has been looking for solutions in the aftermath of the reclassification of forex and CFDs brokers transactions by VISA and MasterCard last year.
Brokers located offshore are deemed too risky to deal with even by unregulated payment institutions.
The rise of the popularity of offshore companies comes after the European Securities Markets Authority (ESMA) last year changed the leverage requirement for European clients. Since then, offshore brokers have been mushrooming in the Pacific and the Caribbean, aiming at EU-based clients who are looking to place highly-leveraged bets.
Paxos Appoints Former CFTC Chairman J. Christopher Giancarlo to Board
Hannelé De Necker, CEO, IFX Brokers | FMAS:24
Hannelé De Necker, CEO, IFX Brokers | FMAS:24
1 week to go until FMAS:24 kicks off and we couldn't skip our interviews with some of this year's sponsors 🤩 Starting off strong with Hannelé De Necker, CEO OF IFX Brokers.
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1 week to go until FMAS:24 kicks off and we couldn't skip our interviews with some of this year's sponsors 🤩 Starting off strong with Hannelé De Necker, CEO OF IFX Brokers.
See you there!
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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FMAS:24 | Sneak Peak
FMAS:24 | Sneak Peak
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
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Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa