iFX Expo International 2017 Kicks Off by Debating Where Retail FX is Heading

Finance Magnates reports live from the annual industry event in Cyprus.

The educational part of the iFX Expo International 2017 has started today with a panel of industry experts discussing where retail FX is heading. Finance Magnates brings you live updates from the event.

Kobi Gur, CEO of Leverate: “Newcomers are something completely different from experienced traders. We see a lot of trends based on generation shift, focused on mobile. We will see fewer traders trading with small b-book brokers and more with known brokers. In this case liquidity and risk will become even more important.

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Traders are savvy and will look for the places where there are no conflicts of interest. The EU region is different from the East. Within the EU local regulators take different approaches. Brokers need to adhere to more and more rules.”

Tal Ron, Advocate and Managing Partner, Tal Ron, Drihem & Co: “We will see in the coming years binary and FX going towards CFDs and ‘simplified forex’. The most critical issues of the passing year were payments, wires, withdrawal speeds. The issue of payments became a focal point. Bitcoin for instance aroused a lot of interest. Traders want regulations to make payments fast and accessible.”

Ran Cohen, CEO and founder of Traders Education: “Our clients are risk lovers. What they are looking for is information and simplicity. FX should be simple.”

Duncan Anderson, Chief Executive Officer of Tickmill: “Retail clients seek safety with their brokers.”

Abe Ziv, CEO of Zotapay: “The market is opening to amatuer traders. They want to buy Facebook stock and brokers need to cater to that. The payment aspect demands more diversity. Big players have EU regulations under MiFID, Belize or even unregulated brands.”

Fred Scala, VP and Global Head of Sales, ForexWare: “Traders want execution, security and fair playing field.”

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