The European Union regulated and global forex broker, ForexTime Ltd (FXTM), has displayed its strong growth and development plans as it recently announced it will participate in the 11th Shanghai International Money Fair, the renowned personal and corporate financial expo in China.
By participating at the fair, ForexTime intends to establish a local presence in order to more effectively provide Chinese traders with specialized education and support, accentuating ForexTime’s benefits, which include, as of August 2013, a website available in Mandarin Chinese.
China is one of the strongest economies globally, while also standing as the world’s largest trading nation with 12% of all trades globally executed in partnership with the country. With economic growth exceeding 7.5%, the Chinese Renminbi, or Yuan, is the ninth most traded currency in the world and constitutes 2.2% of trades worldwide.
Olga Rybalkina, CEO of ForexTime, said: “It’s hardly surprising that Chinese traders today are on the lookout for alluring new investment opportunities. As China’s economic wealth continues to grow, we are seeing individual Chinese investors increasingly turning to alternative asset classes, such as forex, to manage their personal wealth.This is a large factor behind the increasing popularity of the Shanghai Money Expo as it presents an opportunity for the Chinese to explore the different investment opportunities available to them.”
ForexTime was established in 2012 with the mission of delivering innovative solutions that are based on transparency and safety, and with a commitment to providing education and knowledge by providing tools and training to optimize the client experience. Working with top-tier banks, investing in continuous development and relentlessly striving to meet clients’ needs on a local level, ForexTime has now turned its focus toward China and is planning to make its first steps in the market.
“Although it carries its own level of risk, the forex market has proven to be a great alternative to trading on the stock exchange as it offers investment opportunities with low capital entry levels and potential high growth returns that are very appealing to Chinese investors,” said Ms Rybalkina. “Our plans for the near future include a local presence to support potential clients in China and also to help us better understand the needs and motivations of the Chinese market so that we can then in turn respond to them. At ForexTime, the client experience is at the centre of everything we do; it’s important to be close to clients in order to get valuable feedback that helps us tailor our offerings to their requirements.
For those traders unable to visit ForexTime’s booth at the Shanghai Money Fair, they can be part of the experience online by keeping track of the day’s action via this live streaming link –http://www.forextime.com/why-forex-time/events/shanghai-expo
ForexTime’s participation in the Shanghai Money Fair clearly marks its intent of establishing a presence in China; although the first stop is the Chinese market, this is just the beginning of the global journey that the company has embarked on.