The company is currently offering up to 500:1 leverage, while spreads on the major FX pairs start from about 0 pips on its ECN Metatrader 4 based offering, the firm is licensed in Estonia and headquartered in Finland.
We are certainly far into a saturated market when it comes to the number of foreign exchange brokerages out there. In order to have a chance to succeed in this business, some new ideas are essential for new Forex brokers in order to differentiate them from the crowd. FXtradeweb has come to the attention of Forex Magnates because it does add some fresh offerings to the table.
The company’s Co-Founder and Group CEO, Rohit Mirpuri, has an investment banking background, having worked on the London trading floors of Bank of America Merrill Lynch, HSBC and Barclays Capital. He comes to the industry with experience in the design, development and support of multiple institutional trading platforms and low latency systems across multiple asset classes.
According to the company, their main goal is to bring institutional trading experience to retail clients, which becomes apparent from the first time a trader sees the spreads on the website of FXtradeweb. Mr. Mirpuri has been kind enough to share with Forex Magnates’ reporters more about the company’s offering in a brief interview.
What are the key differentiating points that FXtradeweb offers to its customers and others don’t?
Looking at the current state of industry, we have observed a great disparity in trading conditions, platforms offered, tools and market commentary available to the average retail FX trader. We focused a lot on the technology aspect of it - low latency execution, direct interbank pricing feed with tight spreads and some unique market commentary and in-house developed trading tools.
Tell us more about this unique market commentary for your clients.
This exclusive content is directly from the spot FX desks in leading investment banks, and provides an invaluable insight into the key drivers of the FX markets, based on insights into the largest market makers’ thought processes, book positioning, analysis and sentiment toward upcoming news events and data releases.
A handful of traders in a few banks have a huge information advantage that they can transform into profits. They know what the order flows are, and research shows order flow is one of the few worthy predictors of price in this market.
Does every client of yours gets this information?
We have decided to strictly limit this information to our higher deposit professional customers, however as a promotion we will be offering this content complimentary to all new live accounts for a limited period of time.
We have noticed the high leverage which you offer on the accounts with your company - up to 500:1. Where is your company based and regulated?
We currently have two European companies in our group – we are headquartered in Finland and are a registered Securities and Commodities Contracts Brokerage by the National Board of Patents and Registration.
In Estonia, we are a registered Financial Services Provider for the Provision of Currency Exchange Services. (Registration code VVT000310 registered by The Ministry of Economic Activities Estonia).
Our plans are to attain the full FCA license in the UK, which is being processed shortly, and eventually move our headquarters to London.
Additionally, we will be opening offices in the Middle East and Asia, as we have an existing strong client base there.
Do you plan to stick to FX, or do you have plans to start offering other asset classes?
We definitely plan to add other asset classes. Having a strong background in derivatives has enticed me into looking into FX options as a new offering, being that they provide a diverse way to manage risk, hedge and trade non directional markets.
Speaking aside of Fixed Odds binaries, I believe that the retail trader could greatly benefit from FX options, including the various risk reducing strategies which can be employed. However, as it is a more sophisticated product, I do believe that client education here is the key, and offering this combined with a solid Trading Platform could see the same take up that has been established in the equity derivatives markets amongst retail traders.
Do you think that you might consider offering a different platform from the current industry standard MT4?
We are currently developing our own proprietary trading platform which has been in the design and development stages for many years, and will be a truly unique offering. Additionally, we are tying up with further Liquidity and technology providers to ensure we stay at the forefront and remain the broker of choice.
Would you share with us which liquidity providers are used?
We use an aggregated feed from 20 different investment banks and during the London trading session our spread on EURUSD is often at zero.
We are certainly far into a saturated market when it comes to the number of foreign exchange brokerages out there. In order to have a chance to succeed in this business, some new ideas are essential for new Forex brokers in order to differentiate them from the crowd. FXtradeweb has come to the attention of Forex Magnates because it does add some fresh offerings to the table.
The company’s Co-Founder and Group CEO, Rohit Mirpuri, has an investment banking background, having worked on the London trading floors of Bank of America Merrill Lynch, HSBC and Barclays Capital. He comes to the industry with experience in the design, development and support of multiple institutional trading platforms and low latency systems across multiple asset classes.
According to the company, their main goal is to bring institutional trading experience to retail clients, which becomes apparent from the first time a trader sees the spreads on the website of FXtradeweb. Mr. Mirpuri has been kind enough to share with Forex Magnates’ reporters more about the company’s offering in a brief interview.
What are the key differentiating points that FXtradeweb offers to its customers and others don’t?
Looking at the current state of industry, we have observed a great disparity in trading conditions, platforms offered, tools and market commentary available to the average retail FX trader. We focused a lot on the technology aspect of it - low latency execution, direct interbank pricing feed with tight spreads and some unique market commentary and in-house developed trading tools.
Tell us more about this unique market commentary for your clients.
This exclusive content is directly from the spot FX desks in leading investment banks, and provides an invaluable insight into the key drivers of the FX markets, based on insights into the largest market makers’ thought processes, book positioning, analysis and sentiment toward upcoming news events and data releases.
A handful of traders in a few banks have a huge information advantage that they can transform into profits. They know what the order flows are, and research shows order flow is one of the few worthy predictors of price in this market.
Does every client of yours gets this information?
We have decided to strictly limit this information to our higher deposit professional customers, however as a promotion we will be offering this content complimentary to all new live accounts for a limited period of time.
We have noticed the high leverage which you offer on the accounts with your company - up to 500:1. Where is your company based and regulated?
We currently have two European companies in our group – we are headquartered in Finland and are a registered Securities and Commodities Contracts Brokerage by the National Board of Patents and Registration.
In Estonia, we are a registered Financial Services Provider for the Provision of Currency Exchange Services. (Registration code VVT000310 registered by The Ministry of Economic Activities Estonia).
Our plans are to attain the full FCA license in the UK, which is being processed shortly, and eventually move our headquarters to London.
Additionally, we will be opening offices in the Middle East and Asia, as we have an existing strong client base there.
Do you plan to stick to FX, or do you have plans to start offering other asset classes?
We definitely plan to add other asset classes. Having a strong background in derivatives has enticed me into looking into FX options as a new offering, being that they provide a diverse way to manage risk, hedge and trade non directional markets.
Speaking aside of Fixed Odds binaries, I believe that the retail trader could greatly benefit from FX options, including the various risk reducing strategies which can be employed. However, as it is a more sophisticated product, I do believe that client education here is the key, and offering this combined with a solid Trading Platform could see the same take up that has been established in the equity derivatives markets amongst retail traders.
Do you think that you might consider offering a different platform from the current industry standard MT4?
We are currently developing our own proprietary trading platform which has been in the design and development stages for many years, and will be a truly unique offering. Additionally, we are tying up with further Liquidity and technology providers to ensure we stay at the forefront and remain the broker of choice.
Would you share with us which liquidity providers are used?
We use an aggregated feed from 20 different investment banks and during the London trading session our spread on EURUSD is often at zero.
Cheetah Fund Investors Lose $9 Million in Alleged Fraudulent Scheme
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.
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
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
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▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
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
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
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!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
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!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
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
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
🐦 X (Twitter): https://twitter.com/financemagnates/
📡 RSS Feed: https://www.financemagnates.com/feed/
▶️ Telegram: https://t.me/financemagnatesnews
Don't miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔
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
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
🐦 X (Twitter): https://twitter.com/financemagnates/
📡 RSS Feed: https://www.financemagnates.com/feed/
▶️ Telegram: https://t.me/financemagnatesnews
Don't miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔
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
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
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.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
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▶️ Telegram: https://t.me/financemagnatesnews
Don't miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔
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.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
🐦 X (Twitter): https://twitter.com/financemagnates/
📡 RSS Feed: https://www.financemagnates.com/feed/
▶️ Telegram: https://t.me/financemagnatesnews
Don't miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔