FXCM Group, a well-established provider of retail forex and CFDs, has recently launched a new trading platform and progressive web application (PWA) for its clients. These platforms are additions to FXCM’s existing Trading Station Desktop and Trading Station Mobile proprietary trading platforms. According to FXCM, the new platforms will enable the brokerage firm to expand its services in the coming months.
The aim of the new web-based application is to provide support to a larger number of instruments for clients, as well as to provide greater access to FXCM’s products and services globally. The brokerage firm partnered with trading technology provider Adaptive Financial Consulting to develop the new application, which is currently in the early beta phase. FXCM plans to introduce a variety of tools and features to the new application in the coming months.
Retail trading has hit an all-time high this year, with non-institutional market participation accounting for approximately 23% of market volume. FXCM’s new platforms are designed to make it even easier for this increasingly important segment of the market to access key markets and provide the necessary tools to take advantage of new opportunities,” the broker explained.
Overall, the launch of these new platforms marks a significant step forward for FXCM in its efforts to expand its services and provide its clients with innovative solutions for trading in the forex and CFDs markets. The brokerage firm’s collaboration with Adaptive Financial Consulting demonstrates its commitment to leveraging cutting-edge technology to enhance the trading experience for its clients.
The Glowing Experience
FXCM has also provided its clients with MetaTrader 4 and API trading opportunities. The broker’s collaboration with Adaptive Financial Consulting has enabled it to expand its services and provide its clients with innovative solutions for trading in the forex and CFDs markets.
Brena Callan, the CEO of FXCM, announced that the broker’s team, with the support of investment bank and capital markets firm Jefferies, has been working on “exciting development” that will be unveiled in the coming months. As a leading player in the industry, it is crucial for FXCM to embrace innovation to stay ahead of the competition and provide clients with the optimal experience and a suite of products and tools to succeed.
Jefferies’ maximum loss exposure to FXCM has reduced in the last quarter. The investment bank and financial services provider reported a maximum loss exposure of $82.8 million between December 2022 and February 2023. This development is a positive sign for both FXCM and Jefferies as they continue to navigate the financial markets.
