It has been recently announced by the FXCM group that they are going to update their free client trading portal FXCM Plus. Equipped with a plethora of features and tools, the website has been designed in such a way that they can help the traders to get detailed information on different markets as well as their positions.
The company is also offering complete access to every individual who holds an account in the website. However, it is better to say that most improvements have been made to the existing Trading Analytics 4 suite. After the update, the suite now offers better content, a percentage of daily returns and account statistics for improved analysis. Furthermore, the FXCM Plus portal comes with trading analytics suite, trading signals and trading analyzer.
While the brokers are striving hard to get a competitive edge over others, the large firms keep adding interesting features to improve the rate of conversion and retention of clients. So, it can be considered as an intelligent business plan to gain a great advantage over others by offering great features when clients are looking for new brokers.
FXCM to Attempt to Gain Access to the US Clients
Reportedly, FXCM has sold off its education portal named DailyFX to the renowned IG group. Moreover, the UK brokerage sealed a deal by signing a contract which allowed FXCM to gain access to the US clients. However, the broker is not using the portal properly since the IG group exited the US.
The companies are also putting pressure to enhance their educational efforts in order to ensure maximum success in the long term for their clients as well as the business. Inspection of regulations on the industry over the last few months has proven one thing that the forex exchange or forex brokers need to give prime focus to the interest of the clients.
With the recent boost in the number of unregulated brokers as well as the increase in the foul practices amongst the brokers who are regulated, it has resulted in different updates as well as reviews of practices in the industry. Moreover, the ESMA or the European Securities Markets Authority has also updated its requirements thereby urging the retail brokers to stop the foul practices across the EU.