Fallout to the retail forex industry from last week’s Swiss franc volatility has spread to the conference world. Scheduled to take place in February, the 14th Mena Forex Managed Funds and Investment Show in Dubai is being postponed. The conference series is one of the larger forex related shows in the Middle East and is a hybrid of both B2C and B2B sponsors and exhibitors.
Hosted by Arabcom, the presenters have cited “receiving non-stop calls from investors and traders complaining about their losses and anxiously holding the brokers accountable” from last week’s moves in the Swiss franc. As a result, it was decided to postpone the event until the “tense situation gets clearer, in order to avoid any confrontation between both sides.” Not cited, but possibly also affecting the hosting of the conference are losses absorbed by broker sponsors, the list including Alpari.
FBS CopyTrade Launches a New Card Scanning Feature!Go to article >>
The potential friction between retail conference attendees and broker exhibitors occurs as the industry has recently experienced several cases of customer angst at events. In November 2014, the Shanghai International Money Fair was interrupted by retail forex trader attendees who vandalized broker exhibits, as well as issued warnings to others about specific brokers they had traded with.
In addition to the Mena Forex show, while not updating their websites, several other conferences in the Middle East have also been cited by attendees to have been postponed.