Windsor Brokers launches GWAZY a Hybrid Style Trading Platform for OTC Spot Products

In an effort to simplify trading, Windsor Brokers Ltd, the Cyprus-based FX provider, has announced the launch of a new Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term named GWAZY.

The tradable products on the new platform function in a unique way, according to persons close to the company, and are a cross between binary options and spot fx & CFD's - yet have fewer components of each when compared to the way such products are normally traded on traditional related platforms.

On GWAZY, trades are calculated based on a midpoint average of the spread, but do not incur any costs unless the target or risk levels are achieved at which time the customer's account is either credited (a profit) or debited (a loss) based on the degree of percentage return, and amount invested (which affect the cost of the trade, if reached).

In lieu of an expiration date, open positions that have neither reached the target level nor risk level (i.e. still open) are automatically closed at the end of day at a specified closing time per instrument, and depending on a summer or winter schedule.

End of Day Expiry

By replacing typical expiry dates - which normally vary across option strike prices - with a unified end of day expiry across all instruments (end of day closing time varies per instrument), the trade planning and selection process become simplified, while keeping the binary aspect of fixed risk vs. reward in place (without the dimension of time decay, or in and out of the money calculations and premiums). In addition, only the current spot rate is available to trade. When combined, these aspects altogether make for a simplified trading process.

There are currently 9 instruments available for trade selection, and include six USD-based pairs against the AUD, CAD, CHF, EUR, GBP and JPY, and three CFD style products including crude oil, gold and the Dow Jones index. Once the instrument and direction are chosen, the return percentage (which includes 25%, 50%, 100% and 200%) must be selected as well as the investment amount (in $10 increments, reaching up to $200 total), which when computed together will derive the target return (e.g. a $10 investment with a return 200% = $20 target payout). A sample screen-shot of the demo platform can be seen below:

Positioned for Beginner Traders

While the over-simplified platform may be less sophisticated than what highly experienced traders look for in an options style product, it is instead geared towards beginner traders and those with less know-how when it comes to the complexities of options trading, as well as the steps involved in OTC spot Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term, including calculating risk-reward with stop-loss and limit levels. However, hints of a future upgrade or more complex version appear in some of the company referenced text and may draw parallels with Windsor Brokers' existing options offering, including the Windsor Classic, Option Builder, 60 Sec and Open Platform selections.

The launch of GWAZY broadens the company's existing spot Forex and CFD offering, and an already diverse binary options offering, by introducing a new way of trading some of the existing asset classes it already offers.

Commenting on the corporate announcement regarding GWAZY from the Limassol-based company, Johny Abuaitah, CEO of Windsor Brokers Ltd. said,“This year marks Windsor’s 25th Anniversary. We are known for who we are and what we do, and that is why we have a prominent presence in the financial markets. Through our knowledge and experience, we took up the challenge and introduced an ultra-modern trading platform with an innovative method of online trading. GWAZY combines a new way of trading with the best of the best platform features and outstanding tools for traders."

The website Gwazy.com has been created to host the new web platform, and information about its usage and functions can be found there.