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Cape Town, Western Cape, South Africa, 2012/11/09 - MIG Bank joins FXCM, ETX Capital, Hantec Markets, GKFX and other top international brokers in the inaugural South Africa Forex Expo 2012. The much-anticipated event takes place in Cape Town on 7 & 8 December 2012 and expects over 5,000 visitors.
Growing Support for South Africa’s First Major Forex Expo
Following hot on the heels of South African stocks closing at all-time highs recently led by Swiss luxury goods group Richemont, organisers of the first major Forex Exhibition in the country today announced that the largest Swiss Bank to offer Forex Trading to private and institutional clients, namely MIG Bank joins its growing list of exhibitors.
The first major FX and investment exhibition will be taking place on the 7th and 8th of December 2012 at the prestigious Cape Town International Convention Centre. Traders, investors and brokers from across Southern Africa, Africa and indeed from around the world, will take part to explore new opportunities in the world’s most liquid asset class.
Forex Magnates, a specialized forex news source and trading research firm, wrote a detailed report on FX in Africa, four major regions were recognised as major financial hubs such as Nigeria, Kenya, Egypt and South Africa. Adil Siddiqui, Institutional Forex Editor at Forex Magnates comments,“Africa is positioning itself as the go to market for financial derivatives.”
”South Africa’s economy is robust and has been growing despite the global recession. We recognised that local investors lacked a proper platform to understand how the FX and CFD markets operate. Trader24 is proud to be associated with the Forex Expo and as a South African based online financial brokerage, one of our key objectives is to promote our Online Forex Trading platforms into Africa and indeed globally,” comments Dominic Birch, CEO of Trader 24, a sponsor and exhibitor.
MIG Bank joins the likes of Trader24 as sponsor and a host of exhibitors including Spot Option, FXCM, ETX Capital, Forex Yard, Hantex Markets, Tradenext, 4XP and the list continues.
Event organiser Jeni Kostova says that the interest in the exhibition has exceeded her expectation,“We have attracted some of the largest FX players globally and locally; all of whom believe that South Africa is perfectly poised to catapult FX trading to the next level. Together, we are blazing a trail and setting precedents with what is surely a milestone event in the country and indeed the continent. Even more exciting is the opportunities we’re creating for local partners such as Trader24.”
Brendan Callan, President of European Operations at FXCM says “FXCM is excited to be a part of the South Africa Forex Expo as we are always looking for new ways to venture into new regions where we may not be known and form new partnerships with local businesses.”
Kostova expects at least 5,000 attendees at the two day event; including retail investors, brokers, fund managers, affiliates and industry professionals from local banks and brokerages.
The Expo is jam-packed with seminars by world-famous analysts and strategists giving traders from across South Africa tools and resources to benefit from their trading, tutorials and discussions by key industry experts where investors can get the know-how about what’s moving the markets.
Further information on the South African Forex Expo can be found on saforexexpo.com where attendees can pre-register to win an iPad.
Donoven Gloy, The Phoenix Partnership
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