iFX EXPO Cyprus: Key Insights from SBSB Fintech Lawyers

Our team has returned from the iFX EXPO in Cyprus and is ready to share fresh insights on the latest trends in the industry. The expo was a great opportunity not only for exchanging experiences but also for identifying key trends that will shape the financial markets in the coming years.

Regulation as the Main Trend

In recent years, we have seen more brokers transitioning to regulated operations. The number of unregulated brokers has significantly decreased, as it has become harder for them to open bank accounts, work with liquidity providers, and run marketing campaigns. As a result, unregulated brokers are becoming a rare exception, and their numbers continue to shrink. However, despite this, some still exist, although many serious players no longer wish to work with them.

South Africa – The New Offshore Star

While jurisdictions like Seychelles and Mauritius have traditionally been popular among brokers, South Africa is now gaining traction. The country offers both high-quality and affordable regulation, and more brokers from Seychelles and Mauritius are relocating to South Africa. There is a real boom in the sale of South African companies, making this jurisdiction attractive for startups and businesses.

Local Licenses Are Becoming Essential

More brokers are realizing that to succeed in quality marketing and proper placement on Google Play or the App Store, local licenses are a must. Licenses in places like Cyprus, the US, or Latin America are not just required, but also advantageous. With a local license, it’s easier to work with bank transfers, and marketing costs are reduced, making it easier to attract clients. Moreover, a local license boosts a company’s reputation and builds user trust, as clients feel secure about their investments.

Brokerage Business Is Evolving into an Investment Ecosystem

Brokerage activities are no longer limited to traditional forex. Today, brokers are building entire holdings that include payment systems, crypto projects, and even gambling operations. This creates an ecosystem within a single holding, allowing for more efficient client management, process control, and eliminating the need to outsource some revenue-generating services. This is a new trend — business integration and expansion within one structure.

Conclusions

These changes are shaping the new face of the industry, and it is important to keep abreast of such trends so as not to miss out on opportunities for growth and development.

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