FXCM Launches Two New Platforms as It Eyes Expansion

FXCM, a leading online forex trading and CFD broker, has launched a new trading platform and progressive web application (PWA) to support its clients with more tool s and services. The two new platforms add to FXCM's existing proprietary trading platforms, Trading Station Desktop, its flagship trading platform and Trading Station Mobile, its native mobile application for IOS and Android. 

The new web-based platform, created by FXCM in partnership with trading technology solutions provider Adaptive Financial Consulting, aims to provide a larger number of instruments and a progressive web application (PWA) which gives greater access globally to FXCM's products and services.

Built using React technology, the new web platform is still in early beta phase. FXCM said it will introduce a variety of tools and features to the new application "in the coming months."

In addition, FXCM's new PWA provides an app-like experience to users, while still being accessible through a web browser, removing the need to download and install an app. It also improves access, particularly for clients in jurisdictions that do not have access to FXCM's native trading applications in their local stores, and it works offline and in-low quality network conditions.

"Trading technology is constantly changing and as a leading player, it's vital that we embrace innovation to stay ahead of the competition," said Brendan Callan, CEO of FXCM. "Our new platform and web-based app provide our clients with the optimal experience and a suite of products and tools they need to succeed. Our team, with the backing of Jefferies, has been working on some exciting developments which we look forward to sharing with the market over the coming months."

Jefferies Financial Group Inc. (Jefferies), a leading global, full-service investment banking and capital markets firm, is the main investor behind FXCM. According to its annual report (end-November 2022) released in January, Jefferies max estimated exposure to loss as a result of its Involvement in FXCM would reached $94.8 million.