Exclusive: Spotware's cTrader Launches in Japan with FX Crown

Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates' reporters have picked up information that the Japanese brokerage, FX Crown, is launching a new service called "ArbiFX" starring cTrader as a platform solution. It is the first breakthrough of Spotware’s solution to the Japanese Forex market.

The brokerage company has stated that they have been developing this offering specifically to differentiate themselves from their competitors on the local market. According to the statement, the new solution will be a fusion between FX trading and financial entertainment.

Commenting to our reporters, Spotware’s Managing Director, Ilya Holeu, shared, “Our company is currently quite active in Japan, we already have an office in Tokyo, and we feel that cTrader has already gained popularity with Japanese traders, judging by usage statistics.”

When we asked Mr. Holeu whether there is a specific market in which the company has particularly strong positions, he stated that the company is rather geographically diverse, adding, "We have clients who are physically based and regulated either by the local regulator or by the respective Central Bank (in the case of Russia, where we have banks as our clients). Aside from Japan, we have clients in New Zealand, Australia, Indonesia, Hong Kong, Russia, a multitude of EU countries and the USA."