It’s no secret South Africa is a rising star in the international forex market – a strong economy, favorable regulations and consistently good performance of the South African Rand (ZAR) internationally have brought its daily trade volume to around $72 billion as of April 2019. Additionally, the same BIS data shows a significant foreign interest in the South African Rand (ZAR), as more than 80% of exchange volume on ZAR is in the UK, US, and Japan. Locally, the South African market has opened up for IBs, since one of… read more →
It’s an unfortunate fact that the forex market – for sheer size, volatility and decentralization – can be very intimidating to would-be traders. As such, it’s important for your brokerage to show its legitimacy up front, and create and maintain a good reputation to keep business strong. The first and most important step in establishing credibility is to prominently display valid certification, licensing or membership with your country’s regulatory bodies on your website. If you’re targeting a particular international audience, make sure the information makes sense translated in their respective… read more →
If your brokerage offers contract-for-difference (CFD) trading, then you will need to issue debits and credits for dividend payouts. As the CFD market has become more popular, we’ve seen many brokers try to pay and charge dividends in the same way that they pay and charge swaps. But it’s important to have a special tool to handle dividends and not bundle them up with other costs such as swaps, because swaps and dividends aren’t the same. If you treat them the same way, you can experience several problems. Instead, you… read more →
CurrentDesk recently spoke to brokers at an online industry event where brokerage marketing executives suggested one of their key focus areas right now to drive ROI from their CRM is personalization of content. It’s no surprise, then, that they frequently mentioned how important their Forex CRM was for segmenting their databases around criteria and information central to upcoming campaigns. A functional Forex CRM can segment traders into audiences based on everything from their Geo-locations to the instruments that they are trading, to parameters like lead source, trading activity, document status and… read more →
28 August 2020 – Tulsa, Oklahoma, USA CURRENTDESK and ZOTAPAY have joined forces, enabling streamlined payment onboarding for regulated Forex brokers directly from the CURRENTDESK portal. Brokers can now instantly access ZOTAPAY’S vast network of payment solutions, which includes over three hundred providers throughout the world – all under one central platform. This partnership solves the challenges that many FCA, CySEC and ASIC licensed brokers face when attracting new traders from Asia, Latam, and Africa. Read more on the official release below: