Trading.com, the brand operated by the Trading Point Group, announced on Thursday the launch of forex trading services in the United States. It is offering more than 70 currency pairs to US traders.
The intention of the brand to enter the US market was surfaced when it secured approval from the National Futures Association (NFA) and registered as a retail foreign exchange (dealer) with the CFTC in 2020.
With this, It has become one of the very few regulated forex trading brands offering services to US traders.
Betting on Simplicity
Trading.com is boasting the simplicity of its platform to lure traders from the new market. It has already opened the registration process with a waitlist.
“From the many conversations we've had with retail traders in the US, we identified a gap between what many traditional forex dealers provide, and what clients really require,” said Pambos Panayiotou, the CEO of Trading.com Markets Inc.
“In many cases, customers felt let down by needlessly complex processes, pricing structures and an overall lack of clarity when it came to important information. At Trading.com, we're doing things differently. From our products and services to our messaging, we're introducing simplicity to an industry in need of it.”
The platform will offer trading services on its proprietary trading platform , along with industry-standard MetaTrader 5, which has been developed by MetaQuotes Software. Additionally, it is promising spreads as low as 0.7 pips.
The Trading.com brand was launched in 2019 by Trading Point, which runs forex and CFDs broker brand XM. The operator even migrated XM’s UK clients to Trading.com upon its launch.
Apart from the US, Trading.com is regulated in the United Kingdom.
