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Multi-asset broker Larson&Holz has launched a partnership program for call center owners. Under the new program, call center owners can make profit for acquiring clients to the forex and binary options markets.
The broker provides partners with complete marketing package, high commission fees, a customer relationship management (CRM) system that allows them to monitor clients, as well as automatic system of financial reports.
Partners can target clients from across the world, regardless of their location.
The program seems to be in response to the latest regulatory requirements of the Cyprus Securities and Exchange Commission (CySEC). Larson&Holz explained the development of such a solution with the legislative limitations in Cyprus, which forbid locally-regulated brokers to operate call centers outside the EU.
Many CySEC-regulated brokers have closed their contact centers in Israel, which is a hub for binary option call centers. Recently, binary options brokerages 24Option and anyoption closed their Israeli call centers and laid off some dozens of employees in the country. Brokers OptionRally and OptionBit also cut most of their staff in Israel who served English-speaking customers.
Larson&Holz is a no dealing desk (NDD) broker of forex, binary options, and contracts for difference (CFDs). In many markets the broker operates via franchise partners. The brokerage was launched in 2004. It is based in an offshore destination, but focuses on the Russian-speaking markets. It is registered in St. Vincent and the Grenadines and claiming to be regulated by the Financial Services Authority of St. Vincent and the Grenadines.
In addition to online trading, the company also offers off-line brokerage services. It also has a single social media for traders on the basis of real-time rating.