The new regulatory measures announced by the European Securities and Markets Authority (ESMA) regarding the provision of Contracts for Difference (CFDs) and binary options to retail clients sent shock waves throughout the Forex industry. Read on to discover interesting insights and find out what’s next for GTrader and the industry at large.
What advice would you give to the Forex trading community?
My advice would be to look very closely at the broker you do business with. Ensure they are financially strong and that they are regulated in multiple jurisdictions. Ensure you have the necessary protections and the ability to choose the investment products and services that meet your needs.
How does GTrader adapt to the new regulatory regime?
Regulations change constantly, so the regulatory regime is always new. Changes in regulation are constantly evolving and GTrader strives to meet its compliance obligations. We just have to stay compliant, but in essence it is simple – if you put your clients’ interests first you are well on the way to ensuring compliance. Achieving that is just part of the overall cost of the business.
Do you see any new areas or opportunities for growth?
There are plenty of areas for growth and this is one of the exciting elements of our business as it evolves. We are looking at a number of different product areas where we see potential. Our clients are a great barometer for exploring opportunities which we look forward to delivering in the future.
What are the goals of the Group over the next few years?
We have achieved so much in a relatively short period, but we are determined to do so much more. We want to maintain current levels of operational excellence and to this, all credit should be given to the amazing team that makes up GTrader. We would like to continuously increase our competitiveness in our industry and strategically move into other areas where we believe that we can make a real difference to the benefit of all.