Vantage FX appoints new country manager for Kazhakstan

Karthik Subramanian

Vantage FX, the multi-asset trading platform for retail and professional traders, has announced the appointment of Anton Tsoy as the new country manager for Kazhakstan as the platform begins to expand into this region which is pretty much underserved.

Due to the proliferation of trading platforms all around the world, we have been seeing that many of the FX platforms are looking to expand into different and new regions as a means of getting in more users into the platform. The prime target for this new expansion has been Latin America and Africa in recent times with some other companies trying a different route and finding regions within Europe and Asia that are under served and which can be used to build a sustained client base. Vantage FX has said that Anton would be tasked to build the platform from the ground up as far as Kazakhstan is concerned, understand the needs of the market, and ensure that the right trading products, customized to their needs, reach the traders in this country.

Anton Tsoy, Country Manager for Kazakhstan at Vantage FX, commented: “Since I entered the space in 2011, I’ve had dreams of establishing a new, customer-centric style of brokerage in Kazakhstan. Vantage FX first got my attention for its impressive footprint of global licenses and notable award wins, but what drew me in was how aligned its approach was with my vision. Unlike most brokers in the region, Vantage offers a fully transparent system of interaction with clients. I’m excited to hit the ground running with Vantage and anticipate exponential growth of our local client base over the next couple of years.”

Kazhakstan does not have much by way of trading services or platforms as the industry is under-served and unregulated as well. This makes it a ripe target for trading platforms and as a company that is regulated and licensed in many regions, Vantage FX would expect to have a big advantage as it tries to expand and grow into this market in the future. It would also hope that the high quality of its services and products would enthuse the traders in the country to try out the platform for their trading and is one of the first regulated entrants into the market in the region, it would be expected to have a distinct advantage in the future as well.

 

Read this next

Digital Assets

Exness, Pepperstone, ThinkMarkets, TMGM tap Crossover’s execution-only crypto ECN

“We are delighted with the financial backing of global industry leaders in retail brokerage, market making, quantitative trading, banking, and crypto-native firms. Our consortium partners share our vision and have paved the way to create scale and opportunities for other industry participants to join our platform and participate in future rounds.”

Digital Assets

MetaMask taps MoonPay for fiat to crypto on-ramp in Nigeria

“Our partnership with MetaMask will enable us to provide Nigerian users with Bank Transfers, a widely used payment method across Nigerian e-commerce businesses. We hope this integration opens the doors for Nigerians to fund their self-custody wallet through a simplified user experience.”

Crypto Insider

Dubai Multi Commodities Centre picks Enya Labs as technology partner

Dubai Multi Commodities Centre (DMCC) has tapped Enya Labs as an ecosystem partner as it seeks to expand Dubai’s leading position as a global hub for digital assets.

Institutional FX

Advanced Markets integrates PrimeXM’s XCore trading and aggregation engine

“Advanced Markets Group has been at the forefront of liquidity innovation since its establishment in 2006. This strategic move, to further enhance our liquidity offering, is testament to our commitment to continue providing our clients with reliable and robust solutions that meet their needs.”

Digital Assets

Bybit taps Paradigm to launch spread trading on USDT-margined instruments

“We are thrilled that our collaboration with Paradigm has enabled us to provide traders with a more streamlined experience when it comes to spreads trading on USDT margined instruments. This launch further demonstrates Bybit’s commitment to bringing next level opportunities to our clients via superior trading experiences with top notch partners.”

Inside View

How to Help Your Traders Continue Trading in Bear Markets

“If you’re going to be in this game for the long pull, which is the way to do it, you better be able to handle a 50% decline without fussing much about it.” 

Digital Assets

Celsius to repay +70% of custody account holders’ claims

A New York bankruptcy judge today approved a deal struck between troubled crypto lender Celsius Network and its “custody account holders” that will allow them to begin immediate withdrawals of 72.5% of their claims.

Retail FX

eToro revenue halves in 2022, valuation drops to $3.5 billion

Israeli social trading network eToro today reported financial results for the financial year ended December 31, 2022.

Uncategorized

Investors transfers $424 million out of bitcoin funds in six weeks

Despite bitcoin’s decent surge last week, which took the primary cryptocurrency up 70% from the year’s low, digital asset investment products saw outflows for the 6th consecutive week.

<