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IronFX Opens Offices in Ukraine and Chile

When we first reported about the plans of Cyprus-based Forex broker IronFX to set up 30 new offices across the globe in 2014, the intentions of the company seemed overly ambitious. However, the Forex broker has pressed ahead with these plans and on Monday it announced the opening of two new offices – one in Kiev, Ukraine, and one in Santiago, Chile. Both of the new offices will be manned which means that they will have physical addresses and will have representatives of the company working in them. 
 
The rationale of the group for targeting these two locations on two different continents is well-founded. The main common point between them is that both Ukraine and Chile are emerging markets for Forex and hence hold great potential for developing an online trading business. Regarding Ukraine you may recall that the study by local Forex self-regulatory organization UCRFIN has shown that the number of clients of brokers in the country has grown to 70,000 and that the market is relatively weakly populated with companies offering Forex trading.
 
Let's take a closer look at the Ukrainian Forex market – there are some major Russian Forex brokers offering their services there but as Russia still does not give any licenses to Forex brokers given the lack of centralized regulation of the sector, Ukrainian traders would benefit from working with a safe and sound company. After all, IronFX boasts licenses from some of the strictest watchdogs in the world, including the Cyprus Securities and Exchange Commission, as well as the UK Financial Conduct Authority and the Australian Securities and Investments Commission. One more Forex broker that has appreciated the growth potential of the Ukrainian Forex market is Australia's Pepperstone which in January set up an office in Odessa.
 
The hiccup regarding the Ukrainian market is the lack of Forex regulation – the process for introducing a Forex law has been hindered by the problems that Ukraine faces to entering the European Union. 
 
And now – let's turn our gaze to Latin America, where Chile is apparently growing in attractiveness for Forex brokers, given that it's also an emerging market with a handful of Forex companies present in it. Just a month ago FIBO Group opened an office in Santiago. 
 
IronFX will be offering its clients across the globe to trade Forex on two popular trading platforms – Metatrader 4 and Metatrader 5. Meanwhile we await the launch of tradable, the appified platform, by the broker too. 
 
 

About IronFX

 
IronFX is a Cyprus-based broker, regulated by CySec and specializing in Forex, CFDs on US and UK stocks, commodities, spot metals and binary options. The company was established in 2010 by an experienced team of Forex specialists and software experts aiming to create and offering an online trading environment with “One Account, Ten Platforms” trading functionality. Using the Meta Trader 4 (MT4) platform as a trading platform basis, combined with substantial in-house development, IronFX offers full access to strong liquidity, fast execution and a wide range of trading instruments, with spreads starting from 0 pips.
 
TAGS: ironfx  ironfx forex broker  cyprus forex broker  ironfx office  kiev  santiago  ukraine  chile  forex market  forex trading  forex broker office  kiev office  santiago office 

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