LeapRate's Daily Forex Industry Newsletter
Join now to receive first access to our EXCLUSIVE reports and updates.
Screenshot of a breaking news alert e-mail from Q2 2017
BVI registered retail brokerage Forex4you, a brand of E-Global Trade & Finance Group, Inc. we found out today according to their latest Management Assertion Report, conducted by KPMG, shows that the total number of active client accounts for the calendar year of 2015 was 92,564, while the sum paid to partners/agents in commission reached $4.9 million USD.
The company announced steady growth of trading volumes on Forex4you during the first 35 weeks of 2016 is mostly due to Asian clients and the popularity of the social trading platform Share4you.
“After the adjustment of the active client accounts number for the last year, we expect rapid recovery of our key performance indicator in 2016 reaching not less than 100,000 of active user accounts by the end of the year,” says Marina Mikelsone, the Chief Operating Officer of the company.
E-Global Trade & Finance Group, provider of services under the Forex4you and Share4you trademarks, has reported the significant increase of 944% in Share4you clients’ equity compared to August 2015, mostly from the Asian region.
“Our service industry is currently experiencing rapid growth in popularity in the Asian region. It’s true not only for us, but also for other companies,” says Alex Chew Eng Chun, the Asia-Pacific manager of E-Global Trade & Finance Group.
He continues: “Asia is certainly at the top of our list of priorities right now. Our Asian clients really value the transparency and clarity of trading with Share4you, and their appreciation drives us further in our development”.
Share4you, a social trading platform or so-called auto-copy service was launched by Forex4you in 2013.