Embrace the Change: Tsunami of Regulatory Changes Reshape the Industry
by
iFOREX Prime offers a variety of products to handle all sales, retention and compliance needs.
The past few months has seen a number of sweeping regulatory changes hit the financial services industry, forcing many brokers to adapt to an increasingly challenging environment. Finance Magnates spoke with Itai Sadeh, VP of Corporate Development at iFOREX Prime, “There have been many talks and discussions over the last few months about the effect of changes brought in by ESMA, GDPR, as well as Google AdWords changes and how they have been a dampener on the industry.”
Embrace change to remain relevant
“We have been in the business for 22 years and have seen the industry go through significant regulatory and marketing strategy change. We feel that the quicker we embrace any regulatory changes and adapt, the better service we can provide for both our retail and white label clients.
To this end, the iFOREX Group’s ability to match a myriad of online trading standards and the latest user-interface trendshas consistently allowed us to stay ahead of the competition.”
Brokers now require far more sophisticated efforts to attract and retain customers now that ESMA CFD product intervention rules, along with social media restrictions, search engine measures, and competition from other brokers have collectively driven up the cost of client acquisition.
Simply staying the course is not enough anymore and innovation is needed – this is evident through newer business models as well as the messaging brokers need to convey to their potential customers.
The iFOREX Group gives its business clients the opportunity to share its experiences of running multiple successful brokerage brands via iFOREX Prime (www.iforexprime.com). iFOREX Prime’s diverse suite of products and services are tailor-made to allow brokerage firms to adapt to both current and upcoming challenges.
This enables brokers to focus more on growing their business without the concern of spending valuable time or resources on integrating multiple service providers.
iFOREX Prime Offering Robust Product Suite
iFOREX Prime offers a variety of products, including its advanced CRM , SCMM, which harnesses data to handle all sales, retention and compliance needs. SCMM analyses your database with accurate, relevant, event-triggered alerts and provides access to detailed reports.
Itai Sadeh adds, “One of the main features of SCMM is it works along with the group’s proprietary Business Intelligence system, powered by an immense statistical engine to provide lead scoring. This helps to focus on the best leads with the highest chances of conversion into loyal clients.”
Another invaluable feature on offer from iFOREX Prime is their versatile campaign manager called EMERP, which handles all billing, creative materials access, campaign management and ROI analysis needs for your brokerage firm.
Furthermore, iFOREX Prime offers a proprietary Trading Platform, FXNet, which offers over 650 tradable instruments. Developed in-house and operating as its flagship platform, FXNet helps simplify trading experiences through state-of-the-art trading tools for both web and mobile devices.
By extension, iFOREX Prime offers several helpful services for brokers, addressing all Liquidity needs, payment solutions, as well as benefits for creatives and studios too. Itai notes that “This includes Negative Balance Protection for liquidity management provided to brokers, and technology that is fully compliant with most current regulations.”
Collectively, these services and products make iFOREX Prime ideal for all your brokerage needs. Itai summarises, “Indeed, the industry as a whole has had to navigate itself through what has been unchartered territory and challenging times, and despite 2018 shaping up as one of the toughest years in recent memories for brokers, we at iFOREX Prime believe that adaptation is the key to a broker’s survival. The quicker brokers manage to adapt to a new playing field, the easier it will be to not only survive, but actually thrive in this newly defined space.”
Disclaimer: The content of this article is sponsored and does not represent the opinions of Finance Magnates.
The past few months has seen a number of sweeping regulatory changes hit the financial services industry, forcing many brokers to adapt to an increasingly challenging environment. Finance Magnates spoke with Itai Sadeh, VP of Corporate Development at iFOREX Prime, “There have been many talks and discussions over the last few months about the effect of changes brought in by ESMA, GDPR, as well as Google AdWords changes and how they have been a dampener on the industry.”
Embrace change to remain relevant
“We have been in the business for 22 years and have seen the industry go through significant regulatory and marketing strategy change. We feel that the quicker we embrace any regulatory changes and adapt, the better service we can provide for both our retail and white label clients.
To this end, the iFOREX Group’s ability to match a myriad of online trading standards and the latest user-interface trendshas consistently allowed us to stay ahead of the competition.”
Brokers now require far more sophisticated efforts to attract and retain customers now that ESMA CFD product intervention rules, along with social media restrictions, search engine measures, and competition from other brokers have collectively driven up the cost of client acquisition.
Simply staying the course is not enough anymore and innovation is needed – this is evident through newer business models as well as the messaging brokers need to convey to their potential customers.
The iFOREX Group gives its business clients the opportunity to share its experiences of running multiple successful brokerage brands via iFOREX Prime (www.iforexprime.com). iFOREX Prime’s diverse suite of products and services are tailor-made to allow brokerage firms to adapt to both current and upcoming challenges.
This enables brokers to focus more on growing their business without the concern of spending valuable time or resources on integrating multiple service providers.
iFOREX Prime Offering Robust Product Suite
iFOREX Prime offers a variety of products, including its advanced CRM , SCMM, which harnesses data to handle all sales, retention and compliance needs. SCMM analyses your database with accurate, relevant, event-triggered alerts and provides access to detailed reports.
Itai Sadeh adds, “One of the main features of SCMM is it works along with the group’s proprietary Business Intelligence system, powered by an immense statistical engine to provide lead scoring. This helps to focus on the best leads with the highest chances of conversion into loyal clients.”
Another invaluable feature on offer from iFOREX Prime is their versatile campaign manager called EMERP, which handles all billing, creative materials access, campaign management and ROI analysis needs for your brokerage firm.
Furthermore, iFOREX Prime offers a proprietary Trading Platform, FXNet, which offers over 650 tradable instruments. Developed in-house and operating as its flagship platform, FXNet helps simplify trading experiences through state-of-the-art trading tools for both web and mobile devices.
By extension, iFOREX Prime offers several helpful services for brokers, addressing all Liquidity needs, payment solutions, as well as benefits for creatives and studios too. Itai notes that “This includes Negative Balance Protection for liquidity management provided to brokers, and technology that is fully compliant with most current regulations.”
Collectively, these services and products make iFOREX Prime ideal for all your brokerage needs. Itai summarises, “Indeed, the industry as a whole has had to navigate itself through what has been unchartered territory and challenging times, and despite 2018 shaping up as one of the toughest years in recent memories for brokers, we at iFOREX Prime believe that adaptation is the key to a broker’s survival. The quicker brokers manage to adapt to a new playing field, the easier it will be to not only survive, but actually thrive in this newly defined space.”
Disclaimer: The content of this article is sponsored and does not represent the opinions of Finance Magnates.
FXIFY Celebrates 1 Year Anniversary: Establishing Itself as an Industry Leader
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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#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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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
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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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
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
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
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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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
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
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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
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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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
Register now to secure your spot: https://bit.ly/3JbUpCK
#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.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#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.
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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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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