Tradency changed its business model about a year ago to facilitate growth and better accommodate clients – instead of charging spread mark-up now it only changes a flat monthly user fee. This has helped it gain 30,000 traders just through Japan’s Invast Securities, now it goes live with FXCM – its biggest client to do which no doubt will result in improved results for both firms and their clients. The announcement comes just days after Tradency bagged another massive client in Japan – Central Tanshi.
January 09, 2013 –FXCM Inc. (NYSE:FXCM), a global online provider of forex trading and Tradency, originator of the Mirror Trading concept and developer of Forex trading platform – Mirror Trader; have elevated their business activity level and are now offering Mirror Trader solutions to FXCM’s entire client base. Under the new agreement, FXCM’s registered traders will be able to login to the Mirror Trader platform using their existing credentials, trading via their live trading account. The new business structure supports the conversion process of the Mirror Trader platform into a mass market trading platform.
The reinforcement of the business cooperation between the two companies enables FXCM to offer its clients with advanced mirroring capabilities. The mirror trading concept opens FXCM clients a new gateway for investing in Forex, allowing an easy transition to live trading. Drew Niv, FXCM founder & CEO expounds: “FXCM focuses heavily on helping our customers, novice and savvy alike, to become better traders, and with the new Mirror Trader model FXCM can achieve that and grow our activation level and trading volume at the same time.” “Mirror Trader is a very marketable platform with a high client lifespan, which can help us attain clients previously out of reach,” added Niv.
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Following FXCM’s decision to make Mirror trader a part of their core online FX trading services, Lior Nabat Tradency’s CEO states: “FXCM is the major player in the Forex market. We are both honored and delighted to deepen our long lasting business cooperation. As a pioneer in this field from day one, we strive continually to improve and versify our offering to brokers; this is the prime reason for the conceptual change to our business model earlier this year. We had successfully turned the Mirror Trader platform into a mass market product. We are now presenting FXCM with a platform that encompasses a full spectrum of traders from novice to the experienced, all traders benefit from the vast amount of knowledge they have at their fingertips inside the platform.”
Tradency Inc. is the developer and originator of Mirror Trading technology, which enables traders in foreign exchange to automatically evaluate and adopt global strategies. Tradency’s Mirror Trading Platform offers traders a flexible choice of combining its groundbreaking approach with traditional online trading methods. Since its inception in 2005, Tradency has pioneered this new method, creating a new category of platform trading. Tradency continues to innovate its services, reinforcing its reputation as the creator of cutting-edge industry practice. www.tradency.com