FXCM Adds Trading Analytics To Clients Only Plus Portal

Free $100 Forex No-Deposit Bonus

FXCM Group has recently given out an announcement. This announcement is in regards to its free online trading portal for clients, FXCM Plus. The website is designed with an array of tools incorporated within it, in order to allow traders to gain more information about their positions and the marker.

Allowing Clients TO Gain Greater Features

However, the company provides access to this tool list only to those who hold an account at FXCM. One of the key enhancements FXCM Plus provides, is the incorporation of the Trading Analytics 4 suite. This now incorporates daily percentage returns, account statistics, as well as updated texts regarding analyses.

FXCM Plus allows its clients to leverage features such as trading analyzers, trading signals, as well as the Trading Analytics suite mentioned in the above paragraph.

A Competitive Space To Partake In

These days, brokers are trampling over each other to try and differentiate themselves from one another. As such, firms continue to incorporate new features to offer their clients in order to improve conversion and retention rates. As one would imagine, providing more tools for traders to use can be a very good competitive advantage when a client chooses a new brokerage.

In recent times, FXCM actually sold off its free educational portal, DailyFX, allowing IG Group to purchase it. Through a special deal, the UK brokerage is allowed to leverage US clients. However, since the exit of FXCM from the US markets, the company is no longer using the portal as effectively as it once did.

Regulators Cracking Down On Misconduct

Long-term success for trading clients, as well as business, rests squarely on efforts to educate the public at large as to how to trade effectively. With an ever-increasing level of regulatory scrutiny over the industry as the months stretch on, retail forex brokers are mandated to look out for their clients’ interests.

However, with all the chaos happening in the world right now, it’s not surprising that a massive spike in malpractice and unregulated brokers started to pop up in the space.  This, in turn, has caused a flurry of reviews of best practices and updates within the industry at large.  A key example of this would be the EU’s regulator, the European Securities Markets Authority (ESMA). The regulator has recently updated the requirements for retail brokers, and continues to pressure national regulators across the EU to stem the tide of malpractice. Particularly, malpractice against already licensed brokers is being scrutinized.

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