HR in the forex industry: Part 2 In our last blog, we covered how to attract great employees to your forex brokerage. This week, we’re looking at what roles are the most important in any forex firm. When you’re ready to expand your brokerage, which roles should you recruit first? The answer depends on your business model, regulatory environment, and goals. However, there are a few key roles you should consider. Keep reading to see the four jobs all forex every brokerage should consider including on their staff. Forex back… read more →
HR in the forex industry: Part 1 Finding top talent is important in all industries. However, because clients become loyal to the individuals they invest money with, it’s especially important to hire and retain excellent employees at a forex brokerage. In this three-part series, we’re looking at what attracts employees, what roles are essential, and how to retain good employees at forex brokerages. In part one, we have three tips for helping you find the best candidates for your forex firm. Your firm may have started small, but once you’re… read more →
Working with IBs ESMA’s MiFID II requirements standardize investment rules throughout the European Union and help protect investors. However, they also create extra red tape for brokers. In last week’s blog, we covered how back office software can help your forex brokerage notify clients about risks and assess whether complex products are right for them. Now, we’re looking at the ways software helps you document the work that introducing brokers (IBs) do for your firm. The most recent update to ESMA’s Questions and Answers: Relating to the provision of CFDs and… read more →
Client notifications and assessment of suitability In its effort to integrate Europe’s financial markets, the European Securities and Markets Authority (ESMA) created MiFID and MiFID II. This regulatory framework sets standards to help protect consumers and ensure they’re informed about the investments they make. Meeting the MiFID II requirements presents many challenges for brokers, especially smaller firms with more limited resources. The right back office software can greatly help with those challenges. In this two-part series, we’re highlighting specific ways that the right software helps with regulatory compliance in the… read more →
What to consider when building your brokerage website In forex and CFD trading, many of your clients will never interact with you in person. They’ll never visit your office or get to know your staff. Instead, they’ll see your website, chat with your support team, and work with your brokers online. The online nature of the forex trading industry means that you need to have an excellent website to stand out from your competitors. Just like a client would likely drive past a business in a run-down building without stopping,… read more →
