We are used to seeing brokers sponsor websites and portals as well as exhibitions. However for me this is the first time that a portal (forum in this case) is sponsoring an expo by a Forex broker: as ForexFactory - the largest Forex forum in the world has announced that it will sponsor FXCM's Expo in Las Vegas.
I'm trying to figure this out and it's not an easy one as it's the first time I see such a deal. From FXCM's point of view this is not an easy one either because traders that'll visit the expo and then go to forexfactory.com for the first time (if there's any such trader at all) may get exposed to other brokers' offerings. FXCM also doesn't really require financial backing from anyone in order to make this expo a profitable venue - and it's not its intention anyway. Moreover, the educational courses at the expo are run by DailyFX analysts - another forum/portal which belongs to FXCM.
On the other hand FXCM agreeing to let FF sponsor this event is a blessed move as it brings more transparency and fair competition to the market. After all, most traders read information on several public sources in parallel anyway and if clients want to read other sources of information no one can stop them.
Here's the PR:
Forex Factory is a proud sponsor of the FXCM Expo at the Rio in Las Vegas, May 3-4, 2010!
This free two-day event includes educational courses for all trading levels taught by FXCM’s course instructors as well as the DailyFX research analysts. There will be over 60 classes and workshops covering a wide range of topics important to today’s Forex trader. Many FF members will be pleased to know there’ll be a course track designed specifically for the MetaTrader community! See the full workshop schedule.
You can register for the Expo, for free, at fxcmexpo.com, or contact an FXCM representative for more information at 1.888.503.6739 or info@fxcm.com.
Please note FXCM has secured a limited number of discount rooms at the Rio for Expo guests. By staying at the Rio, not only are you an elevator ride from all the action, but every room is a luxurious suite! In order to get the exclusive Expo discount, you need to reserve your room online before they’re all gone!
See you in Vegas!
