Limassol based provider of FX, Precious Metals, CFD Indices and CFD Commodities embarks on a new easy-to-use trading platform aimed at simplifying trading by combining elements of binary options and OTC spot.
In an effort to simplify trading, Windsor Brokers Ltd, the Cyprus-based FX provider, has announced the launch of a new Trading Platform 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, 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.
In an effort to simplify trading, Windsor Brokers Ltd, the Cyprus-based FX provider, has announced the launch of a new Trading Platform 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, 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.
Interactive Brokers Expands Offerings with Daily Options on French Stocks
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
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Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
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#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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