ForexVox rebrands to MarketsVox as trading industry goes multi-asset

Rick Steves

“While Forex has been a cornerstone, MarketsVox now extends its offerings to include indices, commodities, cryptocurrencies, and metals. The new name is a nod to the company’s commitment to evolving with the ever-changing landscape of financial markets”

Offshore retail CFD broker ForexVox has announced it is rebranding to MarketsVox, in a shift that goes beyond a mere name change.

“It symbolizes a strategic and forward-thinking approach that encapsulates the company’s vision for the future”, said the announcement by the broker, which is following the trend within the brokerage industry of dropping the “Forex” identity to come across as a multi-asset brokerage operation.

MarketsVox launching social trading and a partner program

MarketsVox said the decision to rebrand is grounded in a multifaceted strategy aimed at better representing the extensive array of financial instruments offered by the broker. “While Forex has been a cornerstone, MarketsVox now extends its offerings to include indices, commodities, cryptocurrencies, and metals. The new name is a nod to the company’s commitment to evolving with the ever-changing landscape of financial markets”, the company stated.

The company is also introducing a host of enhancements to enrich the trading experience for its clients. Among these are new payment options that offer increased flexibility, the introduction of a unique social platform featuring copy trading capabilities, and notable updates to the partner program, promising more rewarding collaboration.

In addition to these changes, MarketsVox is proud to share recent improvements to trading conditions. Fixed spreads have been implemented for three major pairs: EURUSD, GBPUSD, and USDJPY. This enhancement aims to provide traders with greater transparency and stability in their trading activities.

MarketsVox experiencing impressive client onboarding

As part of its global expansion efforts, the broker appointed a series of executives in 2023, including Mexico-based Alberto Degan as Head of LATAM, Oleksandra Boryslavska as Head of Polish support, and Malaysia-based Rushdi Shabudin as Business Development Manager.

It was two months ago that the broker launched its Crypto offering to allow its users to diversify their trading portfolio and explore the world of digital assets.

According to MarketsVox Sales Director Slava Biletska, October 2023 marked a historic milestone for the broker as the number of registered accounts soared by an impressive 74%.

MarketsVox is a brand operated by ForexVox (Seychelles) Financial Services Ltd., a company incorporated and registered under the laws of Seychelles with Company number 8430368-1. The entity is authorized and regulated as a Securities Dealer by the Financial Services Authority under Securities Dealer license number SD142.

MV Technologies Ltd, registration number HE 450318, address: 160 Archiepiskopou Makariou III Avenue, First Floor, 3026, Limassol, Cyprus, is the partner company, that provides certain content and operates the business including in terms of processing payment transactions.

  • Read this next

    Institutional FX

    Cboe to launch MSCI-based options and volatility indices

    “We are excited to expand our Cboe-MSCI toolkit with additional index options and volatility indices – an enhancement that will not only broaden our customers’ product choice, but also enrich the ways they interact with and analyze the global markets.”

    Fintech

    Traxys taps Quantifi for risk management in commodities trading

    “We wanted to take a more sophisticated approach to risk management and have a consolidated view of risk exposures across our global operating model. Quantifi was our preferred choice as it has a track record of success in the commodities markets.”

    Digital Assets

    Startale Labs Secures Funding for Web3 Expansion

    Startale Labs, a leader in Japan’s Web3 development, including Astar Network and Startale Web3 Cloud, has raised an additional $3.5m from UOB Venture Management and Samsung Next. This seed extension round boosts their total seed funding to $7m, following a $3.5m investment from Sony Network Communications in June 2023.

    Retail FX

    XS.com acquires South African broker Ubutyebi Financial Services

    XS.com, the multi-regulated financial services provider, has made a strategic move to expand its presence in Africa by acquiring Ubutyebi Financial Services, a licensed Financial Service Provider (FSP) in South Africa regulated by the Financial Sector Conduct Authority (FSCA).

    Digital Assets

    Hong Kong advances legislation on stablecoins and crypto trading

    Hong Kong is moving forward with legislation to regulate stablecoins and crypto over-the-counter (OTC) trading in the latest effort to develop a legal framework to service the city’s digital-asset industry.

    Digital Assets

    Do Kwon to be extradited to US as South Korea request overturned

    Terraform Labs co-founder Do Kwon is set to be extradited to the United States to face fraud charges related to massive losses suffered by U.S. investors due to its algorithmic stablecoin collapse.

    Retail FX

    Prop firm Instant Funding pauses US accounts, citing ThinkMarkets ban

    Proprietary trading firm Instant Funding has become the latest retail platform to halt onboarding new US clients, citing a recent decision by their partner broker, ThinkMarkets.

    Retail FX

    Funded Trader and Alpha Capital switch to cTrader, Lark Funding to DXTrade

    Proprietary trading firms Lark Funding and Alpha Capital have both announced changes to their operations that mainly affect their business with US clients.

    Fintech

    Top 5 Most Reliable KYC Technology Providers

    The financial sector’s trade evolution has led to the emergence of several financial markets that provide excellent opportunities for wealth creation. However, it has also given rise to many fraudulent organisations that attempt to steal money from traders. KYC providers developed and offered KYC technology to combat criminal activity in the field of trading and investing.

    <