Eighty Per Cent Of Russians And CIS Citizens Surveyed Said They Would Consider Forex Trading In The Next 12 Months

AsiaNet 51662

MOSCOW, Dec. 13, 2012 /PRN=KYODO JBN/ --

- Survey disproves the idea that Russian and CIS citizens are not interested in

trading FX

- Results identify top ten reasons and motivations Russian and CIS citizens

give in order to trade FX

The three top reasons consumers gave in order to trade FX:

1. They want a guarantee of their legal interests being protected by law or

regulation

2. They want clearer information on potential returns and the opportunity for

better returns

3. They want clarity on their trading activity, especially trading execution.

     (Logo: http://photos.prnewswire.com/prnh/20120517/533090 )

    Independent research[1]commissioned by FOREX CLUB, a leading online

broker[2], has shown that most Russia Federation and CIS citizens surveyed

would try - or return to - forex (FX) trading.  Out of the ten top reasons they

gave for doing so, the first was a guarantee that their consumer interests

would be protected by law or regulation, the second highest ranked reason given

was and more transparent trading execution were rated the second and third most

important issues to them in trading FX.

    The research, based on interviews with 2,000 consumers in Russia and three

CIS countries, also found that a third of all people would choose currency

trading to boost their household income.  This means that nearly four out of

five (78%) of those interviewed said they would consider trying foreign

currency trading in the next 12 months, as long as they were well-trained and

there was no risk of losing money while they were learning to trade.

    Contrary to apparently popular - but certainly unsubstantiated - views in

the Russian Federation and the CIS countries, FOREX CLUB's independently

commissioned research shows there is a clear appetite by many Russian and CIS

citizens for FX trading.  The research also shows that consumers want more

action taken in the FX industry to improve the level of transparency,

information, education about trading and proficiency of regulatory measures in

Russia and CIS.  

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1. Research commissioned by FOREX CLUB and conducted by Vision Critical

Research from 10-17 May 2012.  Sample size 2,000 respondents: 400 from Belarus,

300 from Kazakhstan and 650 from both Ukraine and across the Russian

Federation. Respondents were adults allearning a minimum of 30 000 RUR per

month, per one member of the family.

2. FOREX CLUB was ranked number 10 out of the 44individually named global

brokers by retail forex volume in Forex Magnates' Q3 2012 Industry Report.

    Vladimir Kozlov, CEO of FOREX CLUB Group of Companies, commented: "This

research challenges and frankly disprovesany claim that citizens in the Russian

Federation and CIS countries don't want to trade FX.  Clearly consumers want

more to be done - and seen to be done - on regulation and on their wish to see

clearer information on trading returns, greater transparency in trading

execution and an improvement on returns.  At FOREX CLUB we're have long been

fully committed to delivering on these.  We also think it's vital that the FX

industry as a whole focuses on measures to help address these issues - all

brokers should be doing everything we possibly can to support local markets and

governments to resolve them."

Survey Results

                                                               Average Score

    Rank Motivation to start or return to FX trading           (out of 5)

         Guarantee that my interests are protected by law or

    1    regulation                                            3.52

    2    If returns were better                                3.07

    3    More transparent trading execution                    3.04

    4    Recommendation by someone I trust                     2.97

    5    More information about potential returns              2.88

    6    A website/platform with reliable trading software     2.85

    7    More client support tools                             2.79

    8    More educational tools                                2.71

    9    Easier to understand websites/platforms               2.63

    10   Lower costs for FX broker services                    2.18

    Source: Vision Critical Research for FOREX CLUB, May 2012

    Ways in Which FOREX CLUB delivers on Consumers' Expectations

    Expectation No. 1: More Legal Protection: FOREX CLUB is also a long-term

advocate of improved regulation and adheres to strict legal requirements for

its trading businesses, including LLC FOREX CLUB, is licenced by the Russian

Federation's Federal Service for Financial Markets, as a stock broker, futures

and options transactions in stock trading (licence number 1564), and it

provides clients with legal protection accordance with Russian law.Our Russian

broker, LLC FOREX CLUB, is also a founding member of CRFIN, the Russian

self-regulatory organisation, whose mission is to establish effective

mechanisms to regulate the forex market to promote transparency, civility,

usability and security interests of all market participants.

    Expectation No. 2: Clearer Information on Potential Returns and Prospect of

Better Returns: FOREX CLUB provides all of its clients with institutional-level

capabilities to help clients maximise their trading.  Strategic partnerships

with First Derivatives and oneZero Financial Systems, both world-class

financial technology providers that provide services to top tier banks and

other financial institutions, mean that clients can access industry-best

execution, best pricing and best speeds on all of their trades.

    Expectation No.3: More Transparent Trading Execution: FOREX CLUB, through

their partnership with First Derivatives and oneZero Financial, has deployed a

market access model for MT4 that has become a standard among brokers offering

interbank liquidity through the MT4 platform. Client trades are matched against

the best available real-time market price for each execution across a vast

range of institutional liquidity relationships.  This model not only provides

the best execution to clients but also is a highly transparent means of

verifying tradable rates and improving execution for clients. Brokers employing

this model across the industry have seen a 99%+ trade execution rate for client

trades, in addition to improved LIMIT trade execution and minimized slippage on

market orders. In addition, the proven scalability of oneZero and First

Derivatives creates the potential for 10,000+ trades/s handling from the MT4,

which pushes the limits of the platform itself even for an enterprise level

integration.

    Other Ways in Which FOREX CLUB Supports Client Expectations

    Improved Regulation and Trading Standards: The Russian broker, LLC FOREX

CLUB, is a founding member of CRFIN, the Russian self-regulatory organisation

to promote greater and more effective regulation of the FX industry.  LLC FOREX

CLUB was established to provide Russian traders - both individuals and legal

entities - with an opportunity to trade in the forex market in full compliance

with the Russian law. The operations of LLC FOREX CLUB are organised in

accordance with the established norms of corporate governance and reporting,

and are based on the principles of information transparency, integrity, and

reliability for respective individuals and legal entities.

    More Educational-based and User-Friendly Websites/Platforms: As a market

leader in Russia and CIS, FOREX CLUB also has STARTFX2, its own proprietary and

very easy-to-use STARTFX 2 trading platform for every consumer, including those

completely inexperienced in the skills and knowledge of trading.  STARTFX 2 has

been especially developed for anyone completely new to trading, who would like

education built-in to their trading activities, as well as access to risk-free,

cost-free practice accounts.  Both the real and practice accounts provide

clients with step-by-step guidance on every single trade and what each single

stage of every trade means.

    Comprehensive Educational Services in Trading, Tools and Strategies: FOREX

CLUB is arguably the global FX market leader in providing educational services

for forex, CFDs and other trading, including tools and strategies, through its

partner, the International Academy of Investments and Trading.  It is certainly

the strongest leader and most well-established leader of such services in the

Russian language and across the Russian Federation and CIS, as the Academy has

provided education in trading since 1997.In 2011, over 45,000 traders chose to

learn forex trading with us. FOREX CLUB was one of the industry's first to

offer zero spread trading and commission refunds on all unprofitable trades.

    About FOREX CLUB Group of Companies

    For more information about FOREX CLUB, please click on this link.

    (http://www.forexclub.biz/content/forex-club)

    SOURCE: FOREX CLUB