Amid economic controversy Cyprus forex industry is choosing new course, IFXEXPO sets the stage

In what turned out to be a very challenging quarter for the Cyprus economy banks and other financial institutions have suffered greatly due to the economic crisis. One of Cyprus' most profitable industries is financial services namely banking and 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 Read this Term/binary brokerages. While banks suffered from the bailout brokers are less affected directly but are facing challenging times as many decisions need to be made: Are they staying in Cyprus? Are they only moving corporate and client accounts outside the island while keeping the convenient registration? Will current economic hardships provide opportunities for aggressive and established players?

The Cyprus IFXEXPO held in 29-30 May will surely provide a stage for these fascinating discussions as the situation develops. One of the panels is of Cyprus brokers discussing the positioning of local brokers in the global landscape. Given the current turmoil this panel may very well become the most interesting one of them all. There's no doubt the local industry is going to change - the question is how and who will emerge as the leader in the coming years.

60 days before the conference opens here are some stats:

400+ attendees already registered (200% more than same period last year)

Only 3 sponsorships remain available, no standalone booths left

Sponsors and exhibitors include: SpotOption, MarketPulse, TradeNext, Tal Ron Law Firm, Tradologic, SafeCharge, Leverate, Investing.com, IG Markets, Tech Financials, MetaQuotes, PFSoft, Fair Trading Technology, Integral, TradeSmarter, XFSOL, Banc de Binary, NetDania, Angelos Paphitis, Platis, 360 Consulting, Nanorep, ZuluTrade, Gold-i, LMAX, K.Treppides, Saxo Bank, Optimove, Omega-Telecom, Tradency, Dukascopy Bank, Algo Charge, Media-Forex, Boston Technologies, O-Systems, Sucden Financial, CorrSight, Quotix, KPMG, Webzilla, Skrill, FXTM, FXCareers+GRS, Forex Magnates, Spotware, Trading Central, Devexperts, cPattern, IFS Company, FXStreet, Karinza, ChartIQ, eMerchantPay, Citi, FXTM and Omega-Telcom.