CashBackForex Completes Beta Testing and Launches New Brokerage Excel Markets

Just three weeks ago, 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 Magnates reported that introducing broker and rebate site CashBackForex.com had commenced beta testing of its own brokerage, Excel Markets.

This testing period has now concluded and Excel Markets has gone live with its low-spread offering, which facilitates trading on the MetaTrader 4 platform. The company states that it offers EUR/USD trading with a spread ranging between 0.65 and 0.75 pips.

Excel Markets is operated by Global Brokers NZ Ltd, which is regulated by the Financial Markets Authority of New Zealand. Under the FMA regime, Global Brokers Ltd submits to a minimum $1,000,000 surplus liquid capital requirement, government mandated segregation of client funds and protection from creditor claims, and independent audits of financial statements and daily surplus liquid reports by BDO, a leading top 10 global accountancy firm.

Co-founders David Johnson and Jason Peterson have stated “There can be little doubt the Excel product will enjoy a level of success, however it will not be at the expense of the integrity of our existing products like CashBackForex.”

“While Excel will certainly be an option for CashBackForex clients, it will simply be one more option among the many other firms we currently offer cash rebates for. Our intent is to ensure that in no way do we undermine the popularity, success, and diversification we have built with the CashBack product and we are dedicated to ensuring all of our existing brokerage partners at CashBack continue to receive unparalleled Marketing Marketing Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t Read this Term services and high-volume client onboarding.”

“Just like all the other firms we are partnered with, Excel Markets is just another important step toward diversification. One of the things Excel clients can count on is the same industry renowned client services that CashBackForex has come to be known for.”

The company has followed on from Zulutrade’s introduction of their own brokerage AAAFX, which has accrued a not inconsiderable client base. With CashBackForex following suit, it may pave the way for other large introducers to go it alone.