It does take some time but sets you up for success in the region. But don’t count mainland China in – they don’t allow margin trading there. Cyprus boasts the biggest number of forex brokers, so it has an established environment for launching a brokerage firm. The more asset classes you provide, the more attractive your offering will look – it’s a no-brainer. Making your brokerage multi-asset by throwing in CFDs, cryptocurrencies, and spread bets into your roster will increase overall trading volume and your profit.
You must make sure your platform provider will equip you with a modern mobile trading app in addition to a standard web trading platform . That’s because most traders now use on-the-go trading, and many trade exclusively through mobile apps. If you introduce a hybrid model and start working some orders within your dealing desk, you may be able to secure more profit, because you don’t pay anything to a liquidity provider.
There are, however, those conservative forex brokers who think that implementing this strategy is a waste of money. Before initiating a marketing campaign, you should assess the pros and cons of these forex marketing tools. There are thousands of people looking to start trading on Forex and are actively looking for best-fitting solutions on digital forums, social media, leading news agencies, etc.
Forex Marketing Strategies to Bring Forex Leads
When performed correctly, CDD measures identify high-risk individuals at an early stage, preventing companies from being exposed to money laundering, fraud, terrorist funding, and other financial crimes. The competition is fierce among FX and CFD brokers, and they are ready to offer rewarding commissions and payment structures. Once your website or any other promotional medium gets noticed by the brokers, you’ll be inundated with enquiries and generous offers. A platform might give you a starting incentive of $1,000 if you invest $5,000, for example. That extra money can make it easier to earn a profit from trading, but it might come with restrictions.
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Localize campaigns according to country
Also, keep in mind that a seemingly cheap trading platform can turn into a very expensive tool. You have to account for tailgating costs on maintenance, support, upgrades, additional features, etc. Such a seemingly affordable trading platform also might put you into vendor lock-in. If your target traders reside in Asia, you have options for any budget. For example, launching a regulated brokerage in Hong Kong costs a minimum of $650,000.
You can also bring in your content resources to create some PR on the back of that and obtain publicity by providing newsworthy content for the media. To onboard more customers, increase revenue, comply with regulations, and preventing fraud, try Sumsub’s efficient KYC/AML verification solution, developed specially for forex platforms. Every forex platform has to comply with the AML/CTF regulations of their jurisdiction. These requirements may differ from country to country, so platforms should take care when choosing the jurisdiction for business registration and brokerage licensing. So, how can you make sure a forex trading platform is legitimate?
Create an Engaging Blog
Initial cash burn, marketing strategies, software requirements, registration and incorporation processes – everything depends on your choice of a target market. Partners with an existing track record can apply for additional marketing support. Our in-house marketing team can provide you with additional resources to help you promote your business.
The CFTC is the governmental body in the US that regulates the trading of currencies. It has taken action against various firms that have violated laws and scammed investors. Some brokers may say they have a license when they don’t, and others will get licenses from shady regulators who sell them to anyone who wants. They may require you to deposit funds and then promise returns from automated trading bots without you needing to do a thing. The returns may not come from actual trading activities but from funds new investors have deposited.
- The whitepaper offers you a chance to showcase your expertise and offer people something of value, such as tips or information.
- Optimize your landing pages by eliminating poor headlines, using call-to-actions and including copy that demonstrates your love for Forex trading.
- As a seasoned trading platform provider, at Devexperts, we provide FX brokers with a marketing package.
- A Ponzi scheme is a type of investment fraud in which an institution will use funds that later investors deposited to pay out the “investment earnings” of earlier investors.
- Any action you take upon the information on this website is strictly at your own risk and we will not be liable for any losses and damages in connection with the use of our website content.
Interact, but don’t be pushy—think of it like a networking event. Avoid spamming by sharing lighthearted or non-business posts as well. To make successful trades, http://afrodita.kiev.ua/masla/b/375-benzoin.html your clients need to accurately analyze the financial market. Consider sharing your own branded expert analysis online and/or via e-newsletter on a regular basis.