iFX EXPO Dubai: Exness CEO, Petr Valov talks of top talents, expansion plans in MENA, mobile trading and crypto

Karthik Subramanian

FinanceFeeds’ Chief Editor Nikolai Isayev caught up with the Exness CEO, Petr Valov, on the sidelines of the iFX Expo Dubai to know his thoughts about the event, about the fall in volatility in the FX market, and the rise of crypto

Nikolai asked Petr about Exness policy of providing Mini Coopers and other benefits to their employees as a method of getting top talent and retaining them.

Petr replied, “People were exhausted and we take care of our employees. I personally believe that the best employees produce the best products and we provide the best for employees and for traders. We have the best talents and we always try and get the best resources. Our team is the key for our strength.”

Focus on MENA

When queried about the focus of Exness in the Middle East Asian region (MENA), Petr had this to say, “Yes, our focus had been on mainland Asia so far but we are looking to expand into other regions as well and MENA looks very promising. We are looking to get a license in Dubai and once that is achieved, we will be looking to get licensed from the other regions as well.”

Trading on mobile has seen a boom in recent years and to substantiate that Petr added, “Mobile is the key focus in our company as we see more and more traders are trading using mobile. Some of the professional traders continue to use their desktops for trading and they use expert advisors but they also use their mobile a lot. So, in our company, that is one of our key focus areas”.

Crypto Needs Regulation

Nikolai then asked about a topic that every broker has to face today, crypto. Asked about his thoughts on crypto and how Exness sees the market in general especially with volatility dropping off in the FX market over the last couple of years, Petr said,”Exness added crypto a couple of years back and our aim was to make Exness the best place to trade bitcoin and we did it. I would say that we are the best company to trade bitcoin as we have the best spread, commission, and good leverage, and when people look around for the place to trade bitcoin, we are the most cost-effective place to do it.”

Exness already has bitcoin, litecoin, and ethereum on its platform and it plans to add more in the near future with the focus being on providing good leverage, spread, and reliable software to trade crypto.

Nikolai also asked his thoughts about crypto regulation with each country choosing to adopt a different stance with respect to crypto and whether too much regulation would kill off the crypto market. To this, Petr replied, “I think now it is being done correctly. Regulation is needed to make crypto more attractive for institutional and professional traders. So regulation is the right way to make crypto grow. Of course, in some countries, they choose to block crypto but I would say that it isn’t the trend. The trend is for regulation in crypto and that would make it much more interesting.”

It was great to have such large brokers attend the iFX Expo which lends credibility and confidence for more such events in the future.

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