FXCM Group, a retail broker for forex trading, will be upgrading its free trading portal for online clients, called FXCM Plus. This redesign will ensure traders can learn about positions, their markers, and much more.
Providing More For Their Clients
According to Finance Magnates, only those who are account holders at the company will gain access to these benefits. Reportedly, these changes will apply to the Trading Analytics 4 space. This will include analysis, percentage returns for each day, and account stats.
Moreover, clients that use the FXCM Portal will gain access to trading signals, a space for analysis, and everything else mentioned above.
As the publication reports, it’s important for different investment brokers to stand out so they can attract more clients and investors. New tools, special features, and more can contribute to user retention on top of more money.
In the past, the group sold off its space for teaching users about trading, DailyFX, to the IG Group. However, that group ensures that FXCM, a UK space, to have access to clients and users in the United States. But, since FXCM stopped serving clients in the United States, DailyFX no longer takes advantage of the space.
Check out our guide on the best stock trading apps of 2019.
If a company wants to succeed in this industry, educational content is a key factor. For example, those who learn will be more likely to spend money on the platform in which they gained the knowledge. On top of this, it’s important that brokers spend time looking after both their clients and their users. FXCM’s Portal is doing just that.
On top of this, it’s important to note that there are tons of unregulated investment brokers and other spaces that cause issues throughout the space. So, those that follow the rules are working to update regulations and ensure that doesn’t happen again. One example is the European Securities Markets Authority (ESMA) changing the necessary rules for retail brokers, national regulators, and more.