Building relationships and establishing new partnerships has been the form which Turkish forex brokerage Integral Menkul Degerler has taken during the last few weeks.
The company began offering its clients the Mirror Trader social and copy trading platform last month having formed a partnership with Tradency.
Subsequent to this, the company has announced that it will partner with Swiss forex bank Dukascopy, the collaboration taking the form of a white label. Dukascopy considers this partnership as a reinforcement of its corporate strategy toward developing white label solutions and providing them to banks and brokers.
Following the opening of a Hong Kong office last year, Dukascopy’s European operation updated its offering to gain more of a toehold in the market and remain competitive by reducing its commission structure by 27%, and demonstrating an average spread of 0.46 pips on EURUSD during the European session.
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In addition, the minimum deposit size was lowered to just $100 in response to a need for widening its client base by targeting smaller accounts. Last year’s focus within the company was on planning the opening of further offices in the Asia Pacific region, including a potential representative office in Kuala Lumpur, and in Russia with plans for a Moscow office. The start to 2013 however has demonstrated Dukascopy’s concentration on evolving their offering for the European market.
Alain Broyon, CEO of Dukascopy Bank says: “We are very proud to partner with Integral Menkul and provide the Turkish market with our advanced trading platform. Residents of Turkey will be able to benefit from our Swiss-made trading technology in their local environment”.
With regard to the partnership, Integral Menkul’s CEO Kıvanç Memişoğlu concluded: “Our partnership with Dukascopy Bank is an important step for our continuous improvement on flexibility and stability in our services. We believe this new platform will attract customers’ attention rapidly and find its deserved reputable place in the Turkish FX market”.