Exclusive: Spotware's cTrader Launches in Japan with FX Crown
The company is breaking new ground on the Japanese market, launching with local brokerage Crown FX to compliment its solution
Forex Magnates’ reporters have picked up information that the Japanese brokerage, FX Crown, is launching a new service called “ArbiFX” starring cTrader as a platform solution. It is the first breakthrough of Spotware’s solution to the Japanese Forex market.
The brokerage company has stated that they have been developing this offering specifically to differentiate themselves from their competitors on the local market. According to the statement, the new solution will be a fusion between FX trading and financial entertainment.
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Commenting to our reporters, Spotware’s Managing Director, Ilya Holeu, shared, “Our company is currently quite active in Japan, we already have an office in Tokyo, and we feel that cTrader has already gained popularity with Japanese traders, judging by usage statistics.”
When we asked Mr. Holeu whether there is a specific market in which the company has particularly strong positions, he stated that the company is rather geographically diverse, adding, “We have clients who are physically based and regulated either by the local regulator or by the respective Central Bank (in the case of Russia, where we have banks as our clients). Aside from Japan, we have clients in New Zealand, Australia, Indonesia, Hong Kong, Russia, a multitude of EU countries and the USA.”
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So what is the popular algo platforms in japan now? I hear mt4 isn’t as popular there.
@Jon – I haven’t investigated this recently to know if this continues to be the case, but as of last year, two important reasons MT4 doesn’t do well in Japan is a lack of Japanese language help/tutorials and regulatory issues related to how their back office creates reports. MQ is active in Asia, just no in Japan.