Forex Capital Markets (FXCM) Group, a long-time retail forex and CFDs provider, has launched a new trading platform and progressive web application (PWA) for its clients. The new platforms, which are additions to FXCM’s Trading Station Desktop and Trading Station Mobile proprietary trading platforms, will enable the brokerage firm’s “expansion in the coming months.”

FXCM Seeks “Greater Access” for Clients

FXCM told Finance Magnates that it is launching a new web-based application in order to provide support for a larger number of instruments to benefit its clients. Additionally, the application is targeted at providing “greater access" globally to the brokerage firm’s products and services.

Furthermore, FXCM said it developed the new web-based application, which is still in "an early beta phase," in partnership with trading technology provider, Adaptive Financial Consulting. The broker noted it will introduce a variety of tools and features for the new application “in the coming months.”

“Retail trading hit an all-time high earlier this year with non-institutional market participation accounting for around 23% of market volume. FXCM’s new platforms are designed to make it even easier for this increasingly important segment of the market to access key markets and provide the tools they need to take advantage of new opportunities,” FXCM explained.

New Web App Offers “App-Like Experience”

In addition to its desktop and mobile trading platforms, FXCM provides its clients with MetaTrader 4 and Application Programming Interface (API) trading opportunities. However, the broker’s new PWA makes it possible for clients to enjoy “an app-like experience” from a web platform, it said in a statement. With this experience, users can simply add the new platform to their home screen, instead of having to download and install a mobile app, FXCM added.

“[Our new web-based platform] also improves access, particularly for clients in jurisdictions that do not have access to FXCM’s native trading applications in their local stores, and it works offline and in-low quality network conditions,” FXCM explained.

Speaking on the latest update, Brendan Callan, the CEO of FXCM, noted that the brokerage firm’s team with support from the investment bank and capital markets firm, Jefferies, has been working on “some exciting development” that will be unveiled over the coming months.

“Trading technology is constantly changing and as a leading player, it’s vital that we embrace innovation to stay ahead of the competition. Our new platform and web-based app provide our clients with the optimal experience and a suite of products and tools they need to succeed,” Callan explained.

Meanwhile, Finance Magnates reported that Jefferies’ maximum loss exposure to FXCM reduced during the last quarter. This is as the New York-headquartered investment bank and financial services provider revealed a maximum loss exposure of $82.8 million between December 2022 and February 2023.

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