Forex4you closed its consultant workplace in Minsk,
shrinking the variety of licensed foreign exchange corporations in Belarus to only six. This
closure was additionally accompanied by the suspension of forex4you.by web site, amid
Belarus’s challenges within the foreign exchange market.
In response to an unique report by FinanceMagnatesRU, the Belarusian foreign exchange
scene has seen a considerable decline over the previous 12 months. Forex4you, a part of the
E-International Commerce & Finance Group, was among the many 32 corporations initially licensed
when the market grew to become regulated.
Nevertheless, with Forex4you’s departure, solely six brokers
stay energetic. This adopted a broader pattern of reducing market exercise,
with the variety of shoppers dropping dramatically.
The explanations behind Forex4you’s exit stay
unexplained. Earlier this 12 months, the corporate underwent a rebranding to
Markets4you, which included eradicating the Russian-language website and updating its
model id.
This transfer got here amid stories from the Nationwide Financial institution of
Belarus indicating a extreme downturn within the foreign exchange market’s exercise. The
central financial institution famous a big drop in shopper numbers, with transactions
reducing by 85% from early 2023 to early 2024. Forex4you’s departure is the newest in a sequence
of exits, additional diminishing the market’s vibrancy and elevating questions on
its future stability.
Early this 12 months, Forex4you rebranded as Markets4you in
a change that included redesigning its web site and enhancing its moble
software and shopper portal.
In response to the corporate’s CEO, Marina Strausa, the
rebranding is predicated on the corporate’s “core values of competency, honesty,
internationalism, and innovation.” Strausa added that the Markets4you
imaginative and prescient has been “to make buying and selling accessible and extra clear.”
Former Forex4you supplies contracts for variations
(CFDs) in a variety of markets and throughout a number of property. The corporate has
reportedly been in operation for 17 years, serving greater than 2.9 million
merchants and 52,000 companions worldwide.
Forex4you closed its consultant workplace in Minsk,
shrinking the variety of licensed foreign exchange corporations in Belarus to only six. This
closure was additionally accompanied by the suspension of forex4you.by web site, amid
Belarus’s challenges within the foreign exchange market.
In response to an unique report by FinanceMagnatesRU, the Belarusian foreign exchange
scene has seen a considerable decline over the previous 12 months. Forex4you, a part of the
E-International Commerce & Finance Group, was among the many 32 corporations initially licensed
when the market grew to become regulated.
Nevertheless, with Forex4you’s departure, solely six brokers
stay energetic. This adopted a broader pattern of reducing market exercise,
with the variety of shoppers dropping dramatically.
The explanations behind Forex4you’s exit stay
unexplained. Earlier this 12 months, the corporate underwent a rebranding to
Markets4you, which included eradicating the Russian-language website and updating its
model id.
This transfer got here amid stories from the Nationwide Financial institution of
Belarus indicating a extreme downturn within the foreign exchange market’s exercise. The
central financial institution famous a big drop in shopper numbers, with transactions
reducing by 85% from early 2023 to early 2024. Forex4you’s departure is the newest in a sequence
of exits, additional diminishing the market’s vibrancy and elevating questions on
its future stability.
Early this 12 months, Forex4you rebranded as Markets4you in
a change that included redesigning its web site and enhancing its moble
software and shopper portal.
In response to the corporate’s CEO, Marina Strausa, the
rebranding is predicated on the corporate’s “core values of competency, honesty,
internationalism, and innovation.” Strausa added that the Markets4you
imaginative and prescient has been “to make buying and selling accessible and extra clear.”
Former Forex4you supplies contracts for variations
(CFDs) in a variety of markets and throughout a number of property. The corporate has
reportedly been in operation for 17 years, serving greater than 2.9 million
merchants and 52,000 companions worldwide.
