LONDON, October 9, 2013 /PRNewswire/ --
From today, October 9 2013, derivatives traders worldwide are set to benefit from a new proposition from Monex Capital, the London based and Financial Conduct Authority (FCA) regulated provider of Foreign Exchange and CFD trading services. Backed by the founders of Monex Investindo Futures, established in Jakarta in 2000, Monex Capital will enable clients to trade on innovative platforms delivering a trading experience that is more closely matched to their needs.
Monex Capital clients are amongst the first traders to have the opportunity to use 'tradable', the world's only open-source trading platform. Tradable enables users to create their very own trading experience by picking and choosing from a comprehensive range of third party apps, as opposed to being limited to the tools their broker decides they should use.
Clients will also have the choice to trade currency pairs on MetaTrader, with spreads from 0.5 points and margin requirements of just 0.5%.
Patrick Latchford, CEO of Monex Capital, said today, "Our objective is to ensure clients have access to the trading tools and platforms that suit them, as opposed to the industry convention which revolves around a one-size-fits-all approach." Latchford added, "This is why we're launching with both tradable and MT4, and we believe that this will encourage the next generation of traders to look at Monex Capital."
Tradable is known as an open-source platform, so users can develop their own applications and also select from a wide range of trading tools to build exactly the platform they want in the same way they can now configure a smartphone to meet their needs.
In addition to tradable and MT4, Monex Capital will also launch a binary options platform in the coming weeks.
Jannick Malling, the CEO of tradable, said, "The retail derivative industry is currently changing by moving into this open-source era and initiatives like this are concrete examples of evolution." Malling's platform has recently been opened up to more developers and a huge increase of apps have followed, and in his words, "with every new app the trading experience gets better and better".
Monex Capital has developed its trading proposition using best in class technologies both for the front-end client interface and also the customer service functions.
About Monex Capital:
Monex Capital Markets is a UK domiciled and regulated business serving an international client base. The company offers innovative trading platform solutions that appeal to traders of all levels. There are some jurisdictions that we cannot accept accounts from and these include the United States of America.
About Monex Investindo Futures:
Since 2000, Monex Investindo Futures has been at the forefront of trading innovation and is now bringing years of experience in Asia to the global market. Internationally recognised as one of the strongest trading partners in Asia, the company provides knowledgeable investors with access to the world's key markets to capitalise on their expertise.
Tradable is the world's first open, app-powered trading platform. Launched in 2012, it is has created a huge buzz in the global retail trading industry. With its ground-breaking open API and app store model, tradable has already established itself as the leader in the next generation of retail trading platform solutions. Voted "Most Innovative Financial Product" by the top 500 Forex industry CEOs at the Forex Magnates Summit in London 2012, tradable has developed partnerships with leading players in the industry and has also attracted companies like Dow Jones, NetDania and ZuluTrade to provide apps for its App Store. In addition, tradable has a B2B 'Certified App Developer Program' designed to offer brokers and service providers with access to best-of-breed app developers for its trading platform. For further information, visit http://www.tradable.com
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SOURCE Monex Capital Markets Ltd