Chinese Portal FX110 Raises $7.5m (RMB 50m) In Series B Funding Round

Chinese Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term portal FX110 has very recently raised about $7.5 million (RMB 50 million) in a Series B funding round for the venture, Finance Magnates has confirmed with sources inside the company.

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China is overwhelmingly considered to be the most lucrative market for online trading brokers and Affiliates Affiliates Affiliates serve as an essential component of a broker’s client acquisition tactics and marketing. One of the most important functions of affiliate marketers is the sending of leads to the broker, which are directly opening an account or visiting the broker’s website. There are several ways in which brokers are compensating affiliates based on the number and type of clients they refer to the company and whether or not or how much they end up depositing.Understanding CPA or Cost Per Acquisition T Affiliates serve as an essential component of a broker’s client acquisition tactics and marketing. One of the most important functions of affiliate marketers is the sending of leads to the broker, which are directly opening an account or visiting the broker’s website. There are several ways in which brokers are compensating affiliates based on the number and type of clients they refer to the company and whether or not or how much they end up depositing.Understanding CPA or Cost Per Acquisition T Read this Term due to its huge growth potential and rapid expansion. Because of this for years already we have repeatedly seen international FX portals shifting their focus to the Asian giant and launching Chinese language services.

The local Chinese ecosystem is already well established with multiple strong FX and Bullion portals, but until now we have not really seen a Chinese provider trying to break into the global markets and leave the comfort of their massive home country. This might finally change as now FX110 will use some of the newly raised funds to expand the promotion of its apps internationally.

Speaking with Finance Magnates FX110's management explained the uses for the new funds: "We will continually invest in our Huixin Apps and marketing promotion, later we will launch our international Huixin, namely fxchat. By the way, we will quicken our English marketing promotion steps."