Called discountFX, the company is offering a rather unique, streamlined brokerage service.
discountFX’s website indicates that its fees will be $1.99 per round turn lot. Unlike some other firms, the brokerage has a minimum deposit of $500.
Like most other retail brokers, the firm is offering trading through the MetaTrader 4 Trading Platform.
The new brand has been designed with minimal setup. That means no call centers, no expensive offices, and a small operations team.
“We saw a gap in the market for a simple brokerage where people can just trade,” said Rifat Sayim, GBE Brokers’ chief executive officer. “So all of the fees, terms of service and products we’re offering, everything is laid out very clearly in one page.”
The purpose of this, it seems, is to offer a cheaper service - including zero spreads in some instances - to its client base.
And Sayim appears to be hoping that the client base for his firm’s new brand will be made up of experienced traders.
Experience wanted
“We want people who know what they are doing,” Sayim told Finance Magnates. “People that understand Forex and CFDs and who
just want to trade. By reducing office, marketing and support costs we can also offer these people a better, cheaper trading experience.”
With many brokers attempting to gear their services towards professional clients in the wake of the European Securities and Markets Authority’s product intervention measures, discountFX is a new effort at dealing with the market conditions those regulations have created.
A small set of operations and a simple website could mean the broker has found a way of reducing its own costs and attracting many retail traders who fit in something of a grey area.
Not fit to meet ESMA’s professional reclassification requirements, they nonetheless understand what they are doing and have more sophisticated demands than a novice trader.
discountFX could appeal to these people and, if it does, GBE Brokers may have found a neat way of dealing with tough market conditions.
Called discountFX, the company is offering a rather unique, streamlined brokerage service.
discountFX’s website indicates that its fees will be $1.99 per round turn lot. Unlike some other firms, the brokerage has a minimum deposit of $500.
Like most other retail brokers, the firm is offering trading through the MetaTrader 4 Trading Platform.
The new brand has been designed with minimal setup. That means no call centers, no expensive offices, and a small operations team.
“We saw a gap in the market for a simple brokerage where people can just trade,” said Rifat Sayim, GBE Brokers’ chief executive officer. “So all of the fees, terms of service and products we’re offering, everything is laid out very clearly in one page.”
The purpose of this, it seems, is to offer a cheaper service - including zero spreads in some instances - to its client base.
And Sayim appears to be hoping that the client base for his firm’s new brand will be made up of experienced traders.
Experience wanted
“We want people who know what they are doing,” Sayim told Finance Magnates. “People that understand Forex and CFDs and who
just want to trade. By reducing office, marketing and support costs we can also offer these people a better, cheaper trading experience.”
With many brokers attempting to gear their services towards professional clients in the wake of the European Securities and Markets Authority’s product intervention measures, discountFX is a new effort at dealing with the market conditions those regulations have created.
A small set of operations and a simple website could mean the broker has found a way of reducing its own costs and attracting many retail traders who fit in something of a grey area.
Not fit to meet ESMA’s professional reclassification requirements, they nonetheless understand what they are doing and have more sophisticated demands than a novice trader.
discountFX could appeal to these people and, if it does, GBE Brokers may have found a neat way of dealing with tough market conditions.
Dukascopy Money Market Products Offer Competitive Rates for USD, GBP, and EUR
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
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FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24
Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24