Francesc Riverola,
Hi everyone
Last week I made a post here that has generated some interest among you the readers:
Crisis in the Retail Forex Portals Business as well?
In this post I was talking about the possibility of the economic crisis hitting not just volume trade, the profits of the retail Forex brokers but also hitting hard the Forex Portals industry. The argument was based on the fact of 3 middle size Forex portals being put on sale almost at once.
Yesterday I got an e-mail from the owner of a well-know Forex site were he was giving me his view. It goes completely in the opposite way my post was pointing to so I wanted to highlight it here to let you take your own conclusions.
He said: “… I think the FX become more popular. A lot of FX sites raise money and I receive calls from big investment firms who want to introduce themselves.
We will certainly see new fx portals with big investors behind… It’s only the begin of the fight ;)”
On the other hand, retail FX brokers are seeing their profits going down fast. That will be a matter of another post, but this decrease in profits should have to have an impact on advertisement budget, and this should affect FX portals too.
This post may reflect the problems some FX brokers are currently facing or just is it a consequence of a fierce competition:
Up to $3,000 for opening your Forex account…. Who gives more?
So… what do you think?
Francesc
Interesting post, speaking of investment firms, for how much do you evaluate fxstreet worth in today’s market?
Hi Jeff
Not sure what our price should be… everything is moving so fast so it is difficult to say.
At this time this matter is not of my concern so if the time to put a price will ever come, I’ll let you know