The company behind one of the most highly valued brands in the industry, Trade.com, Cyprus-headquartered LeadCapital Group is launching a new venture. The name of the new multi-asset brokerage that the firm has tailored to the Asian market is FINQ.com.
Leadcapital is going to use its FSA Seychelles regulated subsidiary to operate the brand. The firm has achieved operational agility by expanding its regional presence. Commenting to Finance Magnates on the operational details, the Group’s COO Roei Gavish said: “We have setup new teams based in several occasions across Asia. We are also on-boarding local partners via our B2B distribution arm LeadCapital Partners.”
Elaborating on the reasons for the opening of a new brand, Mr Gavish explained: “Our brand Trade.com has been growing steadily in Europe and will be soon entering the South African market. We decided to start a new brand that is solely focused on Asia in terms of infrastructure, design and some other aspects of the business.”
2019 Forex Trading Stats for MarketersGo to article >>
FINQ.com is officially launching in October with forex and CFDs trading on about 2,100 products spread across multiple asset classes – FX, cryptocurrencies, commodities, indices, stocks, bonds and ETFs.
The company intends to provide up to 1:100 leverage on indices and 1:300 on foreign exchange transactions. With the asset list focused on the Asian market, the firm is aiming to attract more investors that are keen on trading local markets. Clients of FINQ.com will have access to trade 11 CFDs on cryptocurrencies with up to 1:20 leverage.
“People in Asia have a growing appetite for trading as disposable income increases and people are looking for opportunities to invest. In launching Finq.com we are looking at a long-term strategy for Asian traders to use our product, knowledge and professional support.”
The company’s offering starts with a spread offering of 3 pips on EURUSD and $0.7 on gold. Trading platforms that are available to Asian clients are MT4 and the company’s own WebTrader that supports web, desktop and mobile trading.