Francesc’s Weblog » Crisis in the Retail Forex Portals Business as well?

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Francesc Riverola,
CEO & Founder of FXstreet.com

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Crisis in the Retail Forex Portals Business as well?

Posted on October 29, 2009 at 19:29 in Forex by Francesc

Hi everyone

The worldwide economic crisis we are all into is not just taking a toll in the Forex Volume and the profits of the retail Forex brokers but it is also hitting Forex Portals.

In the last 3 weeks I’ve heard about 3 known Forex web sites being in sale. So far, owners are asking for big bucks for their sites, much more than what a reasonable figure of less than 10 times the yearly earnings could show.

As far as I know, the financial health of the big Forex portals is still in place so we do not have to be preoccupied about them, but it is still a little bit worrisome that some middle size portals are giving up.

Is it a consequence of bigger competition, economic crisis, lack of capacity to transform in cashing the page views growth… a combination of everything?

We will keep an eye on this

Francesc

Tags: Forex

8 Responses to “Crisis in the Retail Forex Portals Business as well?”

on 30 Oct 2009 at 8:49 am1Wim

Hi Francec,

What forex portals are your referring to?

Thanks,

Wim
on 30 Oct 2009 at 9:23 am2Josh

Are you suggesting you’re selling you’re websites?
on 30 Oct 2009 at 11:11 am3Francesc Riverola

Hi Wim

I can not disclose the names of the FX portals that are on sell but I can guarantee you that it is true.

Francesc

Hi Josh
NO, I’m not selling FXstreet.com
Of course if someone comes with an extraordinary offer I will consider it, but my purpose is to keep working on the site for many many years… In fact, 2010 is going to be our 10th anniversary!
on 30 Oct 2009 at 12:07 pm4Wim

Damn, would like to buy one of them..
on 30 Oct 2009 at 2:38 pm5Francesc Riverola

Hi Wim

Then get in touch with me over the e-mail and I’ll try to put you in contact with them

francescATfxstreet.com
on 30 Oct 2009 at 6:33 pm6Wim

Email sent Francesc.

Thanks for your response. I appreciate it.
on 07 Nov 2009 at 7:03 am7charles mentor

wow! you mean you are ready to sell off fxstreet if you got a good offer? what is your definition of agood offer?
on 09 Nov 2009 at 12:03 pm8Francesc Riverola

Hi Charles

No, I’m not ready to sell and if I would do it now I would not get the most from the company as we have invested quiet heavily recently and we expect to see results in the next couple of years.

A definition of a good offer? Well… I would not like to sound too naive, but a good offer for me it is an offer you do not even dare to discuss. You just sign it

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