The Finance Magnates Africa Summit (FMAS:23) will start next week on May 8-10. The biggest event of the year will take place at the world-famous Sandton Convention Centre in Johannesburg, South Africa. The summit will draw a record attendance and the biggest brands in Africa and beyond.
This includes XM, who will be in attendance and showcasing all that the company has to offer. Finance Magnates spoke with Marios Michaelides, Chief Financial Officer at XM, for his perspective on FMAS:23 and Africa in general.
Are you excited about FMAS:23, and how do you feel your business can directly benefit from attending an event such as this in Africa?
We’re thrilled to be attending the first-ever Finance Magnates event in Africa as Diamond Sponsor!
FMAS:23 is expected to be one of the largest B2B and B2C gatherings in the region, so naturally, we’re looking forward to connecting with traders, investors, partners, and industry professionals from across the continent.
At XM, we’re constantly looking for ways to enhance our products and services. Attending events like FMAS:23 enables us to stay up to date with industry developments and share our knowledge and expertise with others in the industry.
We’re looking forward to meeting peers, attending thought-provoking sessions, and learning more about the unique challenges and opportunities that the South African market presents so that we can ultimately provide our clients with the best possible trading experience.
What are you expecting to see or get out of FMAS:23?
One of the benefits of attending an event like FMAS:23 is the opportunity for traders to come together, share their experiences, and learn from one another.
As a company that is committed to fostering growth and collaboration within the industry, were excited to be a catalyst in developing a vibrant community of traders and industry experts.
There has been a lot of hype surrounding brokers and brands making a move into Africa. Does this align with your company’s goals and is this excitement justified?
At XM, we’ve seen a significant increase in interest in the financial markets across the continent. This influenced our decision to physically expand our operations in the region, which has allowed us to build more personal relationships with local traders and partners.
Our local presence will continue to help us better understand the unique needs and preferences of our clients in the region, so we can continue to provide more personalized and tailored services.
With the biggest brands on display at FMAS:23, how does yours stand out in the crowd?
There are several things that help us stand out. With over a decade of experience under our belt, we believe that we are better positioned to understand the ever-changing needs of the modern trader.
The 40+ awards we’ve received over the years for the quality of our services are also indicative, as is the fact that we now serve over 10 million clients across 190 countries globally.
Our various licenses with regulators around the world help engender confidence in traders, who always look to partner with a reputable and trustworthy broker.
2023 has already been a very eventful year for several industry verticals. Are there any challenges you foresee during the second half of the year and beyond, and how is your company built to overcome or address them?
We are committed to continuously improving our products and services and, naturally, there are various challenges associated with that. However, we’ve built a resilient and adaptable business over the years, which allows us to keep growing and meeting the ever-changing needs of our clients.
We believe that by focusing on innovation, regulatory compliance, and educational resources, we will be able to overcome any challenge that may arise in the future.
