Archive for May, 2013

Entering China has become a hot topic in the forex world. From boardrooms to bulletin boards, there’s a significant amount of buzz regarding the best way to delve into this market. China offers enormous potential for traders, yet this remains largely untapped due to the draconian regulations laid down by the Communist Chinese government.

While it’s been possible for Forex companies to gain some kind of access to Chinese markets, this has typically been accomplished through partnerships with local representatives, offices in less heavily-regulated Asia-Pacific offices and IBs, this has not translated into securing a real presence in the country itself.
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Following eToro’s license approval by the UK Financial Conduct Authority (FCA) in May of this year, the world’s number one social investment network is on the verge of setting up shop in London.

FCA approval is a significant gain for eToro. The approval affirms eToro’s entitlement to offer financial services to UK users, and is a confirmation of its compliance with applicable regulations.

In all likelihood, the FCA approval will considerably add to the company’s rapid growth in the UK area.
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While the Euro had slid considerably last week after the recent round of ECB interest rate cuts, the announcement by ECB president Mario Draghi that further cuts may be necessary has further dampened the outlook for this embattled currency.

Many online forex traders take such a stance as an indicator that economic conditions in Europe are far from sorting themselves out in the short to medium-term.
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