After launching ForexLive, together with FXDD, Jamie Coleman and his team developed one of the more respected groups of FX market commentary websites. Known for their candor and community like environment, many readers followed Coleman and his partner Gerry Davies last year when they launched a new site FxBriefs. Despite having a strong following, the site closed in July of last year due to hitting a cash crunch. At the time, Coleman explained his desire was that FxBriefs would operate using a subscription-based model, but wasn’t able to materialize that goal due to investors backing out.
After closing FxBriefs, the team received tremendous support from readers who indicated they would be interested in following Coleman and his team if they were to launch a new market commentary product. Coleman eventually partnered with FXStreet and launched FXBeat last October. Similar to Coleman’s previous projects, FXBeat has provided readers with market commentary and analysis while including their own humor and objectivity to their reports.
Finally meeting the goal that had been planned for FxBriefs, FXStreet announced today that FXBeat is being re-launched as a premium product to readers. Available as a monthly subscription, FXStreet also announced that with the re-launch the site has been upgraded to become responsive and more compatible with mobile devices.
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In addition to the private user subscription, FXBeat is being offered as a third party research source to brokers per a licensing distribution. For brokers, FXBeat will be available as a white labeled branded offering that can be inserted on a firm’s website and trading platform or through the sale of bulk licenses which can be distributed to clients to access the FXBeat website for free. For FXStreet, the B2B offering provides a level of revenue distribution from their primary ad-based model.
Commenting about the launch on their website, Carolina May, CEO of FXStreet, stated, “In both cases, directly on their own company’s website or through the FXBeat website, Forex brokers can broaden the resources they offer to their clients and distinguish themselves from the competency through an original delivery of fun and fresh news that define the themes that will evolve into market trends.”