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

BlackRock digs further into crypto with metaverse ETF

BlackRock, the world’s largest asset manager with almost $10 trillion in AUM, is set to launch a new metaverse ETF to help investors securely monetize on the booming immersive version of the internet.

Digital Assets

Binance wins license in New Zealand as rival Huobi shutters derivatives

Binance, the world’s largest crypto exchange by traded volume, has obtained licenses to operate in New Zealand, even after rival Huobi shutdown derivatives trading last month due to concerns about regulations.

Retail FX

Hong Kong busts perpetrators of ‘ramp and dump’ scam

Hong Kong’s financial watchdog, the Securities and Futures Commission (SFC), has charged thirteen suspects of market manipulation in a joint operation with the local police.

Institutional FX

TradingView integrates market data from German Tradegate exchange

TradingView announced that it ‎has increased data coverage to allow its users to receive information from ‎and get free access to the intra-day and tick data from Tradegate Exchange.

Retail FX

Spotware Systems introduces Custom Push Notifications for cTrader mobile apps

Spotware Systems, a technology provider for the electronic trading industry, is introducing a new push notification feature to alert mobile users of price swings and market fluctuations through their cTrader app.

Market News

The Week Ahead: 30 September from David Madden, Market Analyst at Equiti Group

Sterling dominated the headlines last week, as there were concerns the UK government might struggle to service its debt.

Inside View

How does the quality of signal providers affect your business?

A must-have onboarding process for brokers with investment services like PAMM, MAM, or copy trading

Technology

DBS deploys Nasdaq Trade Surveillance

“The confidence that markets and our clients have in DBS as a safe and trusted banking group is anchored on our ability to detect and respond to anomalous activity, which in turn calls for a robust surveillance and prevention infrastructure.”

Industry News

SEC charges Justin Costello and David Ferraro for securities fraud and posing as billionaire veteran

The Securities and Exchange Commission charged Cannabis executive Justin Costello and David Ferraro, an associate of Costello’s, for promoting the stock of several microcap companies on social media without disclosing their own simultaneous stock sales as market prices rose.

<