US based Forex broker FXCM has decided to make Tradency’s Mirror Trader part of their core services. This will enable FXCM clients to use mirror trading capabilities using their regular live account.
This interesting cooperation will be probably be well-received by traders. The world of mirror trading is growing. Here is more information from the press release:
January 09, 2013 -FXCM Inc. (NYSE:FXCM), a global online provider of forex trading and Tradency, originator of the Mirror Trading concept and developer of Forex trading platform – Mirror Trader; have elevated their business activity level and are now offering Mirror Trader solutions to FXCM’s entire client base. Under the new agreement, FXCM’s registered traders will be able to login to the Mirror Trader platform using their existing credentials, trading via their live trading account. The new business structure supports the conversion process of the Mirror Trader platform into a mass market trading platform.
The reinforcement of the business cooperation between the two companies enables FXCM to offer its clients with advanced mirroring capabilities. The mirror trading concept opens FXCM clients a new gateway for investing in Forex, allowing an easy transition to live trading. Drew Niv, FXCM founder & CEO expounds: “FXCM focuses heavily on helping our customers, novice and savvy alike, to become better traders, and with the new Mirror Trader model FXCM can achieve that and grow our activation level and trading volume at the same time.” “Mirror Trader is a very marketable platform with a high client lifespan, which can help us attain clients previously out of reach,” added Niv.
Following FXCM’s decision to make Mirror trader a part of their core online FX trading services, Lior Nabat Tradency’s CEO states: “FXCM is the major player in the Forex market. We are both honored and delighted to deepen our long lasting business cooperation. As a pioneer in this field from day one, we strive continually to improve and versify our offering to brokers; this is the prime reason for the conceptual change to our business model earlier this year. We had successfully turned the Mirror Trader platform into a mass market product. We are now presenting FXCM with a platform that encompasses a full spectrum of traders from novice to the experienced, all traders benefit from the vast amount of knowledge they have at their fingertips inside the platform.”