FXstreet discloses its record April 2011 income

0 Comments

Well, this is a level of transparency we rarely see here in our hush-hush retail forex industry: FXstreet, one of the largest forex portals on the web, has just disclosed its record income in April 2011. Bottom line income, from all media deals, is over $515,000.

This is a run rate of over $6 million a year. I imagine that average monthly income is a bit lower, as with all record months, and during last 12 months FXstreet probably saw an income in the region of $5 million. This is an absolutely stunning figure which even beats some of the forex brokers. I estimated FXstreet was making around $4 million but it seems that its recently introduced strategy of going multilingual and adding affiliate sites to its media network has paid off faster than expected.

Francesc Riverola, FXstreet’s CEO, cites the following reasons for this growth:

  1. The extraordinary performance that FXTimes, ForexCrunch and MyFXbook sites are having in both traffic growth and acceptance among advertisers.
  2. The huge jump in revenue generated by FXstreet English site.
  3. Great popularity of FXstreet’s White Label solutions – 24/5 Forex News feed, Real-Time Economic Calendar and Learning Center – for Forex and Finacials Web sites and Brokerage Firms.

I may also add here that as this industry keeps growing and maturing media forex sites are getting bigger and better as well. Forex traders are seeking for more and more information and the average trader now is more educated and sophisticated than it used to be several years ago. These people require more accurate and up to date information and hence visit forex portals and forums more frequently.

Another reason is that CPM prices are slowly but steadily going up. I’m sure that average FXstreet’s CPM price a year or two ago was lower than the current average. Forex media sites brings better and more targeted traffic to their advertisers, who in turn make bigger profits from these clients, and in turn are willing to pay more for this kind of traffic. It’s an eco-system where everybody profit as account sizes become larger and as more of the “old-money” is entering this market.

Congratulations to FXstreet, it’s a well deserved achievement.

 

Grab your latest copy of the Forex Magnates Retail Forex Industry Report for Q1 2011.







TAGS: , , , , , , , , , , , , , , , , ,
 

Related posts:

More information on this subject is found in the latest Forex Magnates Quarterly Report


Comments are closed.

We do not store your information and we do not disclose our sources.


Leave your name/email (not required) if you'd like to be contacted about this story (will not be disclosed):



Digital Currencies

Expert Articles

Fintech, Startups & New Products

dc

Bitcoin Picks: DISH Starts Accepting Bitcoin, Illegal Firearms Sales Funded with Bitcoin

A number of developments happened during this week in the world of Bitcoins - US cable provider, DISH opened its doors to Bitcoin payments, while...

Coins.ph launches Thailand’s 2nd Bitcoin exchange, Coins.co.th

Thailand has reportedly gotten its 2nd Bitcoin exchange, coins.co.th, launched by Philippines-based coins.ph. It will allow for Bitcoin buying/selling versus the local baht currency. However, it...

SecuraCoin brings Bitcoin to 5 retail locations in Toronto, to launch more

SecuraCoin has announced that Canadians can now perform a variety of Bitcoin transactions at five brick and mortar locations in the Greater Toronto Area (GTA)....

More Digital Currencies

Coffee cup and coffee beans on old wooden background

Coffee Futures: Break or a Fake?

Coffee futures can be one of the more volatile commodities around, especially during different seasons where drought concerns or frost concerns in Brazil can really...

Bart Burggraaf

Are Analytics Sites Like Alexa A Viable Measure For Web Traffic?

There are quite a few services like Alexa, including Compete, Nielsen Online, Comscore, SimilarWeb and various google tools – all are useful in some way...

Mitch Eaglstein

Weighing Tier-1 Prime Brokers' Competitiveness

It is difficult for a tier-1 prime broker or bank to be competitive in the FX space because they do not cater to smaller market...

More Expert Articles

fxn2Danielle Lehrer , Founder of Forex NationForex Nation

Forex Nation Looks to Break the Mould by Offering Customers Good Cause to Trade

In the vast and sometimes brutal jungle of currency trading, an Australian Nonprofit broker wants to apply social responsibility to its core business model. Is giving back compatible with competitive market goals?
Read more

Pepperstone Adds WTI and Brent Contracts to Its CFD Lineup

In this latest move Pepperstone continues its gradual rollout of additional CFD contracts with the ultimate goal of being able to offer a full service solution for any trader
Read more

More Fintech, Startups & New Products

Forex Research

Recent Comments

Note: Copyright © 2014 Forex Magnates. All rights reserved.

All materials contained on this site are protected by United States copyright law and may not be reproduced, distributed, transmitted, displayed, published or broadcast without the prior written permission of Forex Magnates. You may not alter or remove any trademark, copyright or other notice from copies of the content. All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you.Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Opinions expressed at Forex Magnates are those of the individual authors and do not necessarily represent the opinion of Forex Magnates or its management. Forex Magnates has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur. Any opinions, news, research, analyses, prices or other information contained on this website, by Forex Magnates, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. Forex Magnates will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

©2014 "Forex Magnates Inc. - Home of the Forex Elite" All Rights Reserved.