Retail currencies
Forex
Foreign exchange or forex is the act of converting the currency of one country into the currency of another country (which has a different currency); for example, converting British Pounds to US Dollars, and vice versa. Currency exchange can be done at a physical counter, such as at a currency exchange, or on the internet through brokerage platforms, where currency speculation takes place, known as forex trading. The foreign exchange market, by its very nature, is the largest trade in the world
Foreign exchange or forex is the act of converting the currency of one country into the currency of another country (which has a different currency); for example, converting British Pounds to US Dollars, and vice versa. Currency exchange can be done at a physical counter, such as at a currency exchange, or on the internet through brokerage platforms, where currency speculation takes place, known as forex trading. The foreign exchange market, by its very nature, is the largest trade in the world
Read this term and broker in contracts for differences (CFD), Exness has announced the opening of its new offices in Uruguay, its first physical establishment in Latin America. Inaugurated last week, the new office reflects the company’s growth ambitions in the region.
The press release shared with finance tycoons detailed that the new Uruguay office will house customer support operations for the broker. The company also aims to lead a team of 100 employees from the new office by the end of the year.
“Exness has been operating in the financial markets for 15 years now, but we see the opening of our offices in Uruguay as a new beginning,” said Artem Seledtsov, Business Development Manager at Exness.
The selection of Uruguay for their first appearance in Latam was also strategic for Exness. The country, with a population of around 3.5 million, is economically and politically stable and home to a large pool of local talent.
“Uruguay and Latin America in general are very important to our growth strategy. Opening our offices here is an important milestone for us, and the upcoming hires of local talent are an important part of our expansion plans,” said Seledtsov, adding, “We are extremely excited about this and have can’t wait to see our LatAm plans. materialize. »
The expansion program continues
Exness is not regulated in Uruguay, but the broker holds several licenses around the world to offer trading services in Latin America. As mentioned on its website, the Exness Group currently holds eight licenses, which come from regulators in the UK, Cyprus, South Africa, Kenya, Mauritius, BVI, Curacao and Sint Maarten and the Seychelles.
Besides its traditional European base, the retail broker has expanded aggressively into emerging markets like Asia and is now seeking a share of lucrative African markets. The latest Uruguayan office also clarifies its ambitions for Latin American markets.
Meanwhile, Exness broke records in the retail brokerage industry. It became the first non-Japanese broker to cross the $1 trillion monthly trading volume mark in 2021 and continues to beat the industry in terms of trading metrics. It closed January with a trading volume of $2.82 trillion, a record for the company itself, as the number of active traders on the platform also peaked.
Retail currencies
Forex
Foreign exchange or forex is the act of converting the currency of one country into the currency of another country (which has a different currency); for example, converting British Pounds to US Dollars, and vice versa. Currency exchange can be done at a physical counter, such as at a currency exchange, or on the internet through brokerage platforms, where currency speculation takes place, known as forex trading. The foreign exchange market, by its very nature, is the largest trade in the world
Foreign exchange or forex is the act of converting the currency of one country into the currency of another country (which has a different currency); for example, converting British Pounds to US Dollars, and vice versa. Currency exchange can be done at a physical counter, such as at a currency exchange, or on the internet through brokerage platforms, where currency speculation takes place, known as forex trading. The foreign exchange market, by its very nature, is the largest trade in the world
Read this term and broker in contracts for differences (CFD), Exness has announced the opening of its new offices in Uruguay, its first physical establishment in Latin America. Inaugurated last week, the new office reflects the company’s growth ambitions in the region.
The press release shared with finance tycoons detailed that the new Uruguay office will house customer support operations for the broker. The company also aims to lead a team of 100 employees from the new office by the end of the year.
“Exness has been operating in the financial markets for 15 years now, but we see the opening of our offices in Uruguay as a new beginning,” said Artem Seledtsov, Business Development Manager at Exness.
The selection of Uruguay for their first appearance in Latam was also strategic for Exness. The country, with a population of around 3.5 million, is economically and politically stable and home to a large pool of local talent.
“Uruguay and Latin America in general are very important to our growth strategy. Opening our offices here is an important milestone for us, and the upcoming hires of local talent are an important part of our expansion plans,” said Seledtsov, adding, “We are extremely excited about this and have can’t wait to see our LatAm plans. materialize. »
The expansion program continues
Exness is not regulated in Uruguay, but the broker holds several licenses around the world to offer trading services in Latin America. As mentioned on its website, the Exness Group currently holds eight licenses, which come from regulators in the UK, Cyprus, South Africa, Kenya, Mauritius, BVI, Curacao and Sint Maarten and the Seychelles.
Besides its traditional European base, the retail broker has expanded aggressively into emerging markets like Asia and is now seeking a share of lucrative African markets. The latest Uruguayan office also clarifies its ambitions for Latin American markets.
Meanwhile, Exness broke records in the retail brokerage industry. It became the first non-Japanese broker to cross the $1 trillion monthly trading volume mark in 2021 and continues to beat the industry in terms of trading metrics. It closed January with a trading volume of $2.82 trillion, a record for the company itself, as the number of active traders on the platform also peaked.
