In less diplomatic speak, some economic commentators are forecasting an era of irreversible doom for the UK in case the British electorate vote in force to exit the EU.
In the words of Marshall Gittler, Head of Investment Research at FXPRIMUS: “Even if the US elects President Trump, that decision could be reversed four years later, but the impact of Britain leaving the EU would last much, much longer." That makes it an enormous decision.
There is no doubt in anybody’s mind that the Brexit is a huge market mover, responsible for erratic and unpredictable volatility on the Sterling currency pairs.It brings opportunities for the more intrepid traders to take risky positions, with the potential of making – or losing – ’loadsa money’ as the case may be.
Going prudent
But just how important is it for partners who may not necessarily be trading themselves, whose profitability hinges on the successes of their clients who may very well be ‘trading the news’ during the referendum period?
Maybe Brexit after all will be a non-event for IBs and Affiliates. Let’s examine some reasons why:
Brokers
Brokers are taking precautionary measures to prevent clients from excessive risk. We at FXPRIMUS, for instance, like many other brokers, are making adjustments to trading conditions in order to avert another CHF-style disaster. With this in mind, it may be business as usual for IBs and Affiliates.
Traders
Traders too are becoming wary of volatility. Still reeling from the SNB shock events in 2015, brokers and traders alike are wary of excessive volatility, and may prefer to trade on more predictable currency pairs. Where FXPRIMUS was unaffected by the drastic effect on the CHF in 2015 and on other currencies, some other brokers with weaker Risk Management systems in place couldn’t cope and went into administration shortly afterwards.
Referring partners therefore may be advising their clients to avoid the Sterling pair and focus on ‘safe haven’ instruments.
Making the most out of it
This being said, how can you as a partner maximize from the Brexit? All eyes in Europe will be on the UK on 23 June, referendum day. No matter which way the traders will trade, this event is simply too big to ignore.
Our recommendation to IBs and Affiliates is to maximize from the publicity and interest in Brexit to foster an interest in new clients to trade, and to gently nudge existing traders to join in on the action.
Jump on the Brexit bandwagon: Ask your broker for banners to your sizes and specifications that you can promote on your website. See here our example.
Speak openly about the Brexit: Run a seminar or a webinar discussing the Brexit and incorporating / avoiding trading Sterling pairs into client trading portfolios. FXPRIMUS can help you promote your events via our dedicated events page.
Be there for your clients: If you are an IB who is trading on behalf of his/her clients, consider communicating your Brexit trading strategy if you have one – or why you don’t have one – with your clients. We have a dedicated section on our education pages for our IBs who wish to share information with their clients.
One way or another, this week will be hectic. Let us know how you and your clients have experienced it.
This article was written by Helen Astaniou, PR & Marketing Communications Manager at FXPRIMUS.com. Contact her at helen.astaniou@fxprimus.com.
In less diplomatic speak, some economic commentators are forecasting an era of irreversible doom for the UK in case the British electorate vote in force to exit the EU.
In the words of Marshall Gittler, Head of Investment Research at FXPRIMUS: “Even if the US elects President Trump, that decision could be reversed four years later, but the impact of Britain leaving the EU would last much, much longer." That makes it an enormous decision.
There is no doubt in anybody’s mind that the Brexit is a huge market mover, responsible for erratic and unpredictable volatility on the Sterling currency pairs.It brings opportunities for the more intrepid traders to take risky positions, with the potential of making – or losing – ’loadsa money’ as the case may be.
Going prudent
But just how important is it for partners who may not necessarily be trading themselves, whose profitability hinges on the successes of their clients who may very well be ‘trading the news’ during the referendum period?
Maybe Brexit after all will be a non-event for IBs and Affiliates. Let’s examine some reasons why:
Brokers
Brokers are taking precautionary measures to prevent clients from excessive risk. We at FXPRIMUS, for instance, like many other brokers, are making adjustments to trading conditions in order to avert another CHF-style disaster. With this in mind, it may be business as usual for IBs and Affiliates.
Traders
Traders too are becoming wary of volatility. Still reeling from the SNB shock events in 2015, brokers and traders alike are wary of excessive volatility, and may prefer to trade on more predictable currency pairs. Where FXPRIMUS was unaffected by the drastic effect on the CHF in 2015 and on other currencies, some other brokers with weaker Risk Management systems in place couldn’t cope and went into administration shortly afterwards.
Referring partners therefore may be advising their clients to avoid the Sterling pair and focus on ‘safe haven’ instruments.
Making the most out of it
This being said, how can you as a partner maximize from the Brexit? All eyes in Europe will be on the UK on 23 June, referendum day. No matter which way the traders will trade, this event is simply too big to ignore.
Our recommendation to IBs and Affiliates is to maximize from the publicity and interest in Brexit to foster an interest in new clients to trade, and to gently nudge existing traders to join in on the action.
Jump on the Brexit bandwagon: Ask your broker for banners to your sizes and specifications that you can promote on your website. See here our example.
Speak openly about the Brexit: Run a seminar or a webinar discussing the Brexit and incorporating / avoiding trading Sterling pairs into client trading portfolios. FXPRIMUS can help you promote your events via our dedicated events page.
Be there for your clients: If you are an IB who is trading on behalf of his/her clients, consider communicating your Brexit trading strategy if you have one – or why you don’t have one – with your clients. We have a dedicated section on our education pages for our IBs who wish to share information with their clients.
One way or another, this week will be hectic. Let us know how you and your clients have experienced it.
This article was written by Helen Astaniou, PR & Marketing Communications Manager at FXPRIMUS.com. Contact her at helen.astaniou@fxprimus.com.
The Urgent Need for Forex Brokers to Embrace Spot Crypto, Not Just CFDs
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.
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:
🔗 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!
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:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
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:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
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:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
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▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
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!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
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Don't miss out on our latest videos, interviews, and event coverage.
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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:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
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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.
📣 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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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.
📣 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:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
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