IronFX Launches Multi-Asset Trader with 3000+ CFDs
Expanding its platform and trading product offering, IronFX has launched Multi-Asset Trader, a new CFD platform with over 3,000 CFD
Diversifying its trading offerings, IronFX has announced the launch of IronFX Multi-Asset Trader. The new trading platform focuses on CFD trading, with over 3,000 instruments, including equities, stock indexes, commodities, bonds and interest rate products. The new platform compares to its existing MetaTrader trading experience which focused on forex, as well as a limited batch of popular CFDs, such as gold, crude oil and popular global stocks.
With the new Multi-Asset Trader, IronFX will be targeting a new customer type as the platform has a $10,000 minimum account size. According to the broker, CFD trading on the platform is being made via Direct Market Access (DMA) to external market liquidity. Among available stocks to trade, leverage is offered from 4 to 20:1 depending on the market.
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Learning more about the product, Forex Magnates reached out to the broker to learn which liquidity the platform is connected to for the DMA, what led to launch a CFD focused platform, and what percentage CFDs currently compose of their business. As of publishing time, Forex Magnates has yet to receive a response, but will post an update as soon as additional information is provided. (Update: Answers posted in a follow-up article)
About the product launch, Chairman and CEO of IronFX Global, Markos Kashiouris, stated in the firm’s public comments, “We are very pleased to announce the launch of the IronFX Multi-Asset Trader. As a leading broker operating in constantly evolving financial markets, we work to continually enhance the products and services that we provide to clients. With this new cutting-edge platform, we are able to provide our clients access to the widest range of instruments worldwide, at competitive spreads.”
… and now for something completely different!
looks like ironfx is getting on with things despite all the comments, accusations and allegations. Looking forward to hearing the results of the court case in cyprus – will be a good learning curve for brokers and traders alike.
don’t know what to say. a new platform?!!
don’t think they have anything in CFD, but let’s see if this will sell, especially on what is going on now.
Forex Magnates contacted SuperDerivatives asking how do the new platform compares to the FXCM DCX one, if and when we get a meaningful answer we will update.
Forex Magnates contacted SuperDerivatives asking how do the new platform compares to the FXCM DCX one, if and when we get a meaningful answer we will update.
but is there any info about who was the developer of this software?
from the number of trading instruments it is most of all saxo’s white label
An interesting move for iron as a fast growing retail brokerage firm I would say. The lines between asset classes are increasingly blurring, thus a platform with consolidated capacities is very important for institutional investing and trading. Yet for retail traders, the benefits might be more on the interface experience level.
Shed some light on how the company is positioning itself or evolving towards in the near future. After all, it is not the strongest of the species that survive, but the one most responsive to change.
@peter- They developed a multi-bank electronic trading platform for FX Options for FXCM PRO.
See here:
http://forexmagnates.com/fx-options-volumes-inflate-on-fxcms-dcx-platform/
@peter- They developed a multi-bank electronic trading platform for FX Options for FXCM PRO.
See here:
http://forexmagnates.com/fx-options-volumes-inflate-on-fxcms-dcx-platform/
Go IronFX! The best broker.
Good to see the competitor’s nightmare capturing the attention on good news as well!
Saxo’s volumes going down by 40% 2 comments.
Class action suit against FXCM No comments.
No wonder why an additional update article is needed to cover the magnitude if this a stupendous event.
Forgot to mention today’s Heron Tower Raid resulting in 13 arrests and only 1 comment that otherwise would have broken all records 🙂
I just want to say I know only one software in the market with such parameters and it is Saxo’s, I’m lazy to download it and see the interface I must admit). To fund the development of such device is very expensive and would need years. To buy it in the market you need someone to spend bunch of money on it, so who?
Instead of launching a new platform go pay your clients and IBs their money
Have tried the platform, from the interface is definitely not Saxo, most likely a hybrid redevelopment of an existing platform like they usually do to save costs. So a clever move.
One thing to say is that such a product needs ample collateral so I read this as another indication that they are well capitalised and nothing of the rumors circulating.
GAIN Capital platform looks like to me.
If it is Saxo, with the pace Saxo is fading , they will definitely need a new platform in 6 months.
@James Golub – you raise an interesting point about the company being potentially well capitalised. That would sit well with the rumours that ironfx is applying for IPO and that it wasnt affected by the SNB crisis. on the other side, the rumours about the chinese IBs not being paid, and the hundred’s of staff being suddenly fired counter your theory. or maybe this could all just be an hilarious game of chinese whispers…
Tried the demo. This new one is not bad. Like the flexibility on the windows and the different RSS based news portals.
@James Not so optimistic but you may have a point on the capital side.
@Daniel
I will be doing the devil’s advocate here but when you employ hundreds, you usually fire hundreds and hire hundreds more productive i would say. It’s like employing 10 people and firing 1.
Similarly the number of complains i would expect to be proportional to the number of clients.
But in any case who cares…it’s their right at the end of the day and people can judge.
Dealbook 360, exactly the same as GFT (gain capital),also same instrument range and identical spreads,definately a white label agreement
Very good product from ironfx. I can now trade all the stocks I want from my country and other countries online.