XTrade are a company that are already
making waves in the online financial trading market, with their mobile CFD app
now the number one in its sector. Keen to build on their success and reach a
wider audience, they have recently made Portuguese football superstar Cristiano Ronaldo
their brand ambassador. As a celebrity with a lot of appeal, Ronaldo has been
involved in endorsing brands before, however this has generally been limited to
brands related to football, sport or fashion. However, connecting with XTrade adds a new dimension to his personal
brand, as well as helping the company meet its global objectives.
An International Brand Needs An International Star
XTrade clearly wants to expand on their
existing global outreach with Ronaldo as the face of their brand. The platform
is available in 38 languages, and XTrade has offices in 13 locations, employing
over 1000 people worldwide. It is clear then, that they are positioned as a
global brand that supports traders wherever they are, and whichever
international markets or currency pairs they are interested in. To promote a
brand like this outside of the English speaking market using a celebrity, it is
of course vital to choose someone who is well recognised around the world, and
whose image creates the same connotations everywhere.
Why
Ronaldo?
As a four time golden boot winner and high
profile participant in things like the FIFA World Cup, UEFA European Cup and
UEFA Champions' League, Ronaldo fits the bill perfectly. He plays for the
Portuguese national team and for Real Madrid in Spain, and as well as
being respected as one of the most talented players of his generation, he also
lives the celebrity lifestyle and is seen as a male fashion icon and sex
symbol. This all adds up to a globally recognisable star who represents
success, affluence and winning – all things that suit the XTrade brand and
appeal to potential traders.
XTrade
and Cristiano Ronaldo on Their New Partnership
In a recent press release talking about the
partnership between Ronaldo and XTrade, the company's head of operations Mike
Leigh discussed the move:
“We are very excited to have Cristiano Ronaldo as our partner. We recognise strong similarities between us, as we both strive to be the number one performers in our fields. This partnership signifies an opportunity to support one of the world’s most exciting talents while promoting our market-leading and innovative online CFD trading products globally, increasing our international presence.”
In the same release from XTrade, Ronaldo
himself is quoted as saying:
“To be the best, you need the best. That is why I have chosen to partner with XTrade, one of the world’s leading digital trading platforms. And there is no easy way to become the world’s best. The only way is through perseverance, practice, and more practice – until perfection.”
This is an interesting coupling of a
financial trading brand and a mega star athlete, which will be interesting to
watch in terms of how it speaks to potential new XTrade users around the world.
The views and opinions expressed herein are the author's own, and do not necessarily reflect those of EconMatters.
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