Peter Wiersma Joins South African Broker CM Trading

Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and CFDs broker CM Trading has appointed Peter Wiersma as its Marketing Manager. The company is providing its services largely in South Africa. The firm has a significant presence in the local market and is regulated by the local financial regulator.

Wiersma previously worked as the marketing director of DX Exchange and also held a senior VP of Marketing role at Israeli firm Toyga. He has significant experience in the affiliate business and is likely to focus on building up the marketing effort of CM Trading in the hot African market.

The news comes amid increasingly challenging times for the industry, especially across regulated markets. Brokers that are facing increasing scrutiny on the part of payment processors and regulators are actively looking for ways to diversify their income.

A focus on the African market

According to the public profile of the company on LinkedIn it is headquartered in Johannesburg and has over 50 employees. Wiersma’s profile on the social network for professionals states that he will be executing his duties from Israel.

CM Trading is a relatively new company, established in 2012 and focused strictly on the emerging African market. The broker is delivering to its clients access to the MetaTrader 4 platform as well as Leverate’s Sirix platform.

The company’s offering spans across forex, indices, commodities, stocks, and Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term.

South Africa has been a keen focus for forex brokers since the country introduced a regulatory regime several years ago. It remains one of the most interesting markets for regulated firms. Earlier this year ThinkMarkets announced an acquisition in the country. Other brokers are also actively expanding their efforts in the region.