After three months of competition, the 2021 EA WORLD CUP First Global Trading Championship hosted by WikiFX has finally come to an end. Now , we need to wait for the final ranking lists to be announced. Without a doubt,having good trading tactics is an essential step for players to achieve a good ranking. Good platforms provided by forex brokers is also important for players to shine during the competition.
Thus, during this trading competition, what is fascinating is not only the excellent performance of the players, but also the honorable forex brokers who provide great technical supports and excellent platform services. This is impossible to make this competition great without the contribution of these forex brokers. As we know so far, many people, including the participants, want to know more about these forex brokers. WikiFX sincerely interviewed some of these forex brokers who have great reputations. DBG Markets is one of them. DBG Markets is an experienced forex broker that is based on London. We hope the following interview with Eric, the CEO of DBG Markets Asia Pacific, can give you a good understanding of DBG Markets.
Interview Q&A:
1. DBG Markets, a well-established broker from London, UK, has the best liquidity in the financial market and provides investors with more comfortable trading experience. Can you tell us about the development of DBG Markets in recent years？
Eric: Founded in 2007, DBG Markets Limited is a leading global online trading broker headquartered in London, UK, with offices in Asia Pacific, Europe, South America, Middle East, and North Africa etc.
DBG Markets has continued increasing its investment in the Asia Pacific market in recent years, optimizing the access to fund channels, and providing traders with more convenient and time-efficient ways to deposit and withdraw. At present, it is available to withdraw money in seconds. As a top broker in the Asia-Pacific financial market, we strive to improve customer service to win trust from more traders.
2. What make DBG Markets participate in the event asthe platinum sponsor of the 2021 EA World Cup, the firstglobal trading championship？
Eric: First of all, I definitely saw the influence of WikiFX in the industry. Whats more, we hope more traders can learn about the special services and experience of DBG Markets through this competition to give traders better choices and services.
3. Has DBG Markets made some special preparation and planning for the 2021 EA World Cup？
Eric: Of course, we provide generous prizes for traders. In addition to the WikiFX trading ranking, there will be separate awards including cash and gift for the DBG Markets trading ranking. We also want to attract more customers around the world through the EA World Cup.
4. What are DBG Markets' comments and suggestions for the 2021 EA World Cup？
Eric: It is the first time for us to participate in the event, which gives us a lot of surprises. It feels great. Looking forward to better players!
5. There are some people who just know one side of the EA in the market. How do you think of it？
Eric: We should still look at it objectively. EA is a trading tool, and we should make full use of it as a service tool. People have a one-sided view of it, because they put the cart before the horse and take EA as their only tool and method.
6. What are the biggest challenges for DBG Markets in 2022？
Eric: 6.1 The economic impact of the Omicron variant
The Omicron variant strain is highly infectious, and more countries are now closing their borders, casting a shadow over the economic recovery.
Moderna CEO Stephane Bancel said the existing vaccine may struggle to combat the Omicron strain and the world may need a new vaccine. However, many public health experts and politicians have been optimistic about the effectiveness of the existing vaccine.
6.2. The threat of inflation
Early this year, the market generally thought that the US would end the year with a 2% inflation rate. Instead, this figure is now closer to 7%. It is widely expected that the US inflation could again be close to the target level at the end of 2022, but another terrible error cannot be ruled out.
The Omicron mutant strain is just one of several potential threats. Rising commodity prices, supply chain disruptions, worsening tensions between Russia and Ukraine, and climate change could easily exacerbate the inflation. The combined effect of these threats could trigger a stagflation of the market.
6.3. Asian embargo
The lockdown due to the epidemic and the cumulative pressure of energy shortages have a heavy toll on economic growth in some Asian countries. The worrisome fact is that while the energy crisis may ease in the coming year, the epidemic problem shows no sign of ending. Any new round of outbreaks could lead to further embargoes, which could further hit economic growth in Asia. It is expected that a slowdown in Asian economy could trigger a ripple effect globally, leading to a lack of buyers for commodity exporters and potentially derailing the Federal Reserve's plans.
All in all, the global economy still faces a number of threats in 2022, especially the spread of the mutated strain of Omicron.
7. How will DBG Markets face these challenges？
Eric: The Omicron mutated strains all-encompassing impact on economy, along with the threat of inflation are likely to lead to further lockdown in Asia, which is certainly not conducive to our further growth in the Asia Pacific market. At the same time, we will continue strengthening our services and technology to enhance the customer experience and provide a more stable trading environment for traders. The more solid our fundamentals are, the more our clients will trust us. I think that's what we are supposed to do.
8. How do you view the current macro investment opportunities and risks in the market？
Eric: Although the economy continues its downward spiral, but the volatility of assets is very large. Volatility is not only risk, but also breeds opportunities.
The economy has been in a sustained downturn in the past decade, resulting in a continuous easy monetary policy. Aggressive investors prefer volatile markets.
Market fluctuations can create investment opportunities in a typical double edged era. For people who can grasp the cycle of change and understand the logic of investment, this is the best of times; while for those who go with the flow and are not professional enough, this is indeed also the worst of times.
The future may witness frequent risks and crisis in the global economy, such as the recent substantial adjustment of US stocks, but each adjustment may be followed by short-term rebound opportunities, with different performances in different countries. Overall, there will have a very volatile market, full of opportunities and risks. So investors dont need to be particularly pessimistic.
9. In terms of regulation, how does DBG Markets make traders have a sense of security in the volatile forex market？
Eric: The regulation gives traders more protection, and no matter how the market changes, we stick to the original intention of customer protection and believe that the adjustment of regulation is used to better protect traders. We will strictly comply with the regulation and protect our customers interest and rights. Like our channel for withdrawing funds in seconds, the customers are able to experience our attitude and strength.
10. Finally, do you want to share any advice and experience with forex traders？
Eric: First of all, to be a successful trader, you must have your own strategies and tools. Second, learn to control your mindset. Third, keep abreast of domestic and international macroeconomic situation and data. Finally, find the recent hot spots in the market and pay attention to the up and down trend of the currency market.
Conclusion:
Above is the interview with Eric who is the CEO of DBG Markets Asia Pacific. As a experienced broker with a long history, DBG Markets shows us a great confidence in facing the unpredictable future, which gives customers a huge comfort when investing with it. We hope you now have a general understanding of DBG Markets.
The 2021 EA WORLD CUP First Global Trading Championship hosted by WikiFX was open for registration on October 29, 2021, and officially started on November 29, 2021. WikiFX is in partnership with several sponsor brokers, preparing a grand prize for the inaugural EA World Cup — a global prize pool worth $131,600. The EA World Cup creates a fair trading environment ,which can provide a stage for each contestant to show their talents, and help the majority of investors to establish a reasonable investment concept, explore their own potential, constantly improve their trading strategies, and achieve stable profits. For ordinary forex investors, this competition can not only give you an opportunities to enjoy the benefit of forex trading, but also the opportunities of communication within the forex market .
For more information about the competition, please check out our official website (https://www.eawikifx2.com/). WikiFX offers you an authoritative platform to check the information of a broker that you are seeking. It contains details of more than 31,000 global forex brokers, which gives you a huge advantage while seeking the best forex brokers. Or You can download the WikiFX APP for free through this link (https://www.wikifx.com/en/download.html). Running well in both the Android system and IOS system, the WikiFX APP offers you the easiest and most convenient way to seek the brokers that you are curious about.
