FXCM: Trading Analytics Gets An Upgrade
FXCM Group has
announced an update to its free online trading portal for clients, FXCM
Plus. The website features a variety of tools deigned to help traders
get more information about the marker and their positions.To get more
news about FXCM, you can visit wikifx.com official website.
The
company is providing access to the list of tools only to account
holders at FXCM. The main enhancements are made to the Trading Analytics
4 suite which now includes account statistics, daily percentage returns
and updated texts for analyses.
The FXCM Plus portal for clients features trading signals, a trading analyzer and the aforementioned Trading Analytics suite.
At
a time when brokers are competing for differentiate themselves, firms
continue to offer additional features to their clients to improve
retention and conversion rates. Providing enough tools to traders can be
a good enough competitive advantage when clients are choosing a new
brokerage.
FXCM recently sold off its free educational portal
DailyFX to IG Group. The UK brokerage signed a special deal allowing
FXCM to have access to US clients. However in the aftermath of the
brokers exit from the US market, the company is no longer effectively
using the portal.
Educational efforts for companies are vital to the
long term success of their clients and the business overall. Increased
regulatory scrutiny over the industry has proven in recent months that
retail foreign exchange brokers need to primarily look after the
interests of their clients.
The boom of unregulated brokers and
malpractices among regulated ones have caused numerous updates and
reviews of best practices in the industry. The European Securities
Markets Authority (ESMA) has updated its requirements for retail brokers
and continued urging national regulators across the EU to rein in
malpractices by licensed brokers.
The Wall