New forex brokerage launches in the UK: Tradenext

The Tradenext Group is the first Indian origin brokerage that is licensed to trade in FX, CFD and commodities under regulation
Photo: Michael Greenberg

The Tradenext Group is the first Indian origin brokerage that is licensed to trade in FX, CFD and commodities under regulation in the UK (FSA BIPRU730), India (NBFC Category A) and in Nepal (Commodities and Derivatives Exchange Licence). It was also recently granted a Banking Licence in the South American republic of Suriname.

As a fully recognised exchange in Nepal, and futures broker in India, the Tradenext Group has a thorough understanding of the front to back process for the trade lifecycle. Tradenext is therefore able to offer traders robust and stable platforms, low latency execution services and access to a wide range of emerging market products. At the launch event, Saira Khan finalist of The Apprentice Series 1 and host of the hit CBBC show Trade your Way to the USA, with Series 2 airing in April said: “The emerging markets have steadily risen in past few years and now have more growth opportunities than many parts of the developed world. This offers a huge potential and also pitfalls.

“Through Tradenext, investors will have safe and secure access to these markets from the tight regulatory environment they operate in and an innovative financial education programme. This is very important for me as I spend a lot of time working with people to make them more financially literate.”

Tradenext also announced that it is working closely with partners in the emerging markets to develop a structured financial education programme. It will also create a new and improved payment channel to make it easier, cost effective and faster for traders in emerging markets to trade with their UK regulated brokerage.

In addition,Tradenext will also be introducing a new trading platform that will greatly enhance trading experience. iTrader has a user friendly interface but underneath this is one of the most powerful algorithmic trading platforms on the market and it builds on the success of MT4. It offers enhanced features such as an innovative and simplified new trade ticket system that makes it easier to recognise the important parts of the ticket. It can also open multiple trading tickets from a single window so enabling quicker trades.

Furthermore iTrader will be the most advanced trading platform in the market with features including 1 click execution, the ability to simply close winning and losing positions, a traders’ community where traders can learn, share and help maximise trading opportunities.

Mohsin Jameel, chief executive officer of Tradenext, said, “Many firms in Europe have gone into the emerging markets but with little success. We have worked with local partners in every region to understand the trends in these markets. “Our accumulated local knowledge and experience is invaluable, and combined with our global expertise, we firmly believe we have the tools to become a dominant force in the emerging markets.

“One such example is iTrader, an innovative and uniquely designed trading platform that builds on MT4. It combines the best features of institutional and retail platforms to deliver a truly exceptional solution for all our clients no matter how big or small their trades.”

Got a news tip? Let Us Know