Broker Updates

FX Broker Flash: Alpari, HotForex Revamp Trading Portals

Finance Magnates is offering a consolidated overview of the latest market developments and trends from across the retail forex industry.

Traders and industry insiders are constantly flooded with a multi-device, non stop influx of information. While notable news are being covered and pushed constantly, some of the tidbits updates are left out. Aiming to cover these gaps, Finance Magnates offer a daily digest of news from all across the retail forex space to help industry executives and die-hard traders to stay abreast with the latest developments.

Alpari-logo-300x196-300x1961111-150x15011-150x150-150x15011Alpari Enhances Mobile

Alpari today has unveiled a new user capability, culminating in the launch of a mobile version of myAlpari. The new utility represents a push by brokers towards mobile technology, of which the industry has been lagging behind.

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Subsequently, the new version for mobile devices, myAlpari is a fully custom-designed navigation portal, which helps give users access to quick figures, quotes, and account needs. Prospective users can lean on the new function to open an account, transfer funds, or simply monitor their active investments or positions.

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HotForex Aiming for China

hotforexHotForex has also remodeled its set of offering and interface, with an overhaul of the Traders’ going live today.

The new redesign features a variety of new options, notwithstanding a fresh perspective to tracking interday currency percentages across the world’s most tradable currencies – the periods available for display are overnight and five-day percentage changes in the overall currency basket.

Additionally, the portal is updated every minute, which will grant users access to information in a time sensitive format. This is also of importance with regards to aggregated client positioning and trading sentiment, which is tracked continually.

Moreover, HotForex in a bid to meet mounting client demand, the firm has introduced the Shanghai Composite Index (SHCOMP), granting clients access to Chinese markets. The new index also will see trading options for clients, specifically with regards to Natural Gas and the US Dollar Index (USD).

FXPrimus Boasts Funds’ Safety

FXPFXPrimus has fortified its funds with the appointment of a third party to oversee the client funding processes. Consequently, Boudica Client Trust will now be tasked monitoring and overseeing funding and withdrawal requests of client accounts at the broker.
The industry shake-up created by the CHF debacle in January has led to growing concerns and claims by some the industry most established brokers’ clients. Therefore, funds safety seems to be a buzzword that has an obvious appeal for traders.
According to FXPrimus, the latest initiative bolsters an already robust risk management system in place, with the reliance on Boudica Trust reinforcing any countermeasure to heightened volatility on the levels of those seen earlier this year.
Director & CEO of FXPrimus Terry Thompson celebrates this step as “unprecedented safety measure”, which will help in “setting new industry benchmarks… for safety of our clients’ funds.”

Darwinex Simplifies Trading Options

darwinexDarwinex, an innovative technology provider and broker, has implemented a new filtering feature for users trying to toggle trading options for the platform’s DARWINs.
The new features help specify risk options and gives users the most in-depth vantage point into choosing copy trading strategies. The FCA-regulated broker also offers a detailed breakdown of nine different parameters that each user can use to help in their decision making process, given the lengthy volume of DARWINs at their disposal.
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