TP Global FX is revolutionizing the Forex market and to be the innovative leader, dedicated to delivering new investment approaches that are still minor in large brokerages. Furthermore, with their strong relationship with reputable banks and non-bank liquidity providers, they have secured a True STP pricing scheme for traders. True STP pricing helps tighten the bid-ask spread, it offers competitive and attractive opportunities for investors to trade with TP Global FX. Currency traders buy and sell currency pairs using a forex broker as the intermediary that facilitates the transaction between the buyer and the seller.
In an exclusive chat with Medianews4U Nitish Sharma, Global CEO, TP Global FX, speaks on the emergence of Crypto Currency, the government policies, and much more…
What is CryptoCurrency？ You are based out of Dubai, Are there Indian operations？
A cryptocurrency is a digital currency that is secured by cryptography, making it nearly impossible to counterfeit. In laymans terms, it is one of the most secured types of currency known to mankind.
TP Global does not have an office in India. However, we do have offices in Dubai, Mauritius, Armenia, Cyprus, Nigeria, and Vanuatu.
The government of India is now mulling over restrictions in Bitcoin trading, how do you see this move？
It‘s understood why the government is doing what it is doing. We already have over 20Mn crypto investors. The government can’t stop people from trading in crypto assets but can slow the pace at which new investors are joining the crypto bandwagon.
The FM said today we will not recognize Bitcoin as an official currency….your thoughts
Bitcoin is just a cryptocurrency like any other. It is more popular than others because it was the first one. We must understand that Bitcoin on average moves 10-15% daily and as one of the strongest and biggest economies we can‘t counter such a huge change in pricing daily. Hence the government’s move to not accept Bitcoin as a currency is a good one.
What are the global trends and how do other countries globally look at Crypto Currency？
Globally there are mixed views regarding crypto. On one side we have India and China looking to ban cryptos and on the other side of the world, we have countries like El Salvador officially accepting bitcoin as a legal currency.
We must also understand/consider that since cryptos are decentralized and, technically one doesnt need to give any personal information while buying and selling cryptos, more and more people are buying cryptos.
Will the new laws be an impediment to the way Crypto is traded？
Its too soon to say anything about how investors/traders will react to the new laws. We need to give it a few months to understand how these laws will change the outlook of cryptos in India
Mission & Vision Statements of your company？
Our ultimate mission is that any trader who is associated with us always earns out of his investments, either by trading himself using our different educational and mentoring services or by taking advantage of our strategic partners services like Signal Services, Asset Management Service, etc.
We strive to offer the best trading conditions to our clients using a state-of-the-art Ai/ML-based trading experience. Our vision is to be the industry leader offering technology-based trading and change the mechanism of the trading experience. Our clients will be the key to fulfilling our vision.
Way forward？
Right now our focus is on educating the users with our educational app. We plan to give correct education about markets, be it currency, commodity, cryptos to all our users globally. We feel it is very important for people to know why to invest, how to invest, and where to invest.
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