CashBackForex Completes Beta Testing and Launches New Brokerage Excel Markets
by
Andrew Saks McLeod
Just three weeks ago, Forex Magnates reported that introducing broker and rebate site CashBackForex.com had commenced beta testing of its own brokerage, Excel Markets.
This testing period has now concluded and Excel Markets has gone live with its low-spread offering, which facilitates trading on the MetaTrader 4 platform. The company states that it offers EUR/USD trading with a spread ranging between 0.65 and 0.75 pips.
Excel Markets is operated by Global Brokers NZ Ltd, which is regulated by the Financial Markets Authority of New Zealand. Under the FMA regime, Global Brokers Ltd submits to a minimum $1,000,000 surplus liquid capital requirement, government mandated segregation of client funds and protection from creditor claims, and independent audits of financial statements and daily surplus liquid reports by BDO, a leading top 10 global accountancy firm.
Co-founders David Johnson and Jason Peterson have stated “There can be little doubt the Excel product will enjoy a level of success, however it will not be at the expense of the integrity of our existing products like CashBackForex.”
“While Excel will certainly be an option for CashBackForex clients, it will simply be one more option among the many other firms we currently offer cash rebates for. Our intent is to ensure that in no way do we undermine the popularity, success, and diversification we have built with the CashBack product and we are dedicated to ensuring all of our existing brokerage partners at CashBack continue to receive unparalleled Marketing services and high-volume client onboarding.”
“Just like all the other firms we are partnered with, Excel Markets is just another important step toward diversification. One of the things Excel clients can count on is the same industry renowned client services that CashBackForex has come to be known for.”
The company has followed on from Zulutrade’s introduction of their own brokerage AAAFX, which has accrued a not inconsiderable client base. With CashBackForex following suit, it may pave the way for other large introducers to go it alone.
Just three weeks ago, Forex Magnates reported that introducing broker and rebate site CashBackForex.com had commenced beta testing of its own brokerage, Excel Markets.
This testing period has now concluded and Excel Markets has gone live with its low-spread offering, which facilitates trading on the MetaTrader 4 platform. The company states that it offers EUR/USD trading with a spread ranging between 0.65 and 0.75 pips.
Excel Markets is operated by Global Brokers NZ Ltd, which is regulated by the Financial Markets Authority of New Zealand. Under the FMA regime, Global Brokers Ltd submits to a minimum $1,000,000 surplus liquid capital requirement, government mandated segregation of client funds and protection from creditor claims, and independent audits of financial statements and daily surplus liquid reports by BDO, a leading top 10 global accountancy firm.
Co-founders David Johnson and Jason Peterson have stated “There can be little doubt the Excel product will enjoy a level of success, however it will not be at the expense of the integrity of our existing products like CashBackForex.”
“While Excel will certainly be an option for CashBackForex clients, it will simply be one more option among the many other firms we currently offer cash rebates for. Our intent is to ensure that in no way do we undermine the popularity, success, and diversification we have built with the CashBack product and we are dedicated to ensuring all of our existing brokerage partners at CashBack continue to receive unparalleled Marketing services and high-volume client onboarding.”
“Just like all the other firms we are partnered with, Excel Markets is just another important step toward diversification. One of the things Excel clients can count on is the same industry renowned client services that CashBackForex has come to be known for.”
The company has followed on from Zulutrade’s introduction of their own brokerage AAAFX, which has accrued a not inconsiderable client base. With CashBackForex following suit, it may pave the way for other large introducers to go it alone.
Interactive Brokers Settles Nasdaq Charges, Agrees to $475,000 Fine
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
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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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.
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#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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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
Sandton Convention Center, Sandton, South Africa
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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?
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20-22 MAY 2024
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#fmas #fmas24 #fmevents #networking #finance #africa
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.
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#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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