Breaking: Monex Bidding Farewell to Tradable Platform

Japanese broking giant, Monex Group, has opted to stop offering its Tradable service, which will begin discontinuing new transactions as early as next month, according to a Monex statement.

The decision by Monex represents a staunch departure from just two years ago, when the broker jettisoned its MT4 capabilities for Tradable, in essence cutting the chord on the most utilized platform in the foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (FX) industry. During September 2014, the broker had opted to revamp the core of its offering, as explained at the time by Toshihiko Katsuya, President of Monex FX.

The new world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term, fintech and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.

Despite the decision to relinquish its Tradable service, it is presently unclear what direction or solutions Monex will move towards. In a recent company statement, Monex has stated that it will be releasing more details shortly to clients.

Earlier this month, Monex made headlines after it reported its monthly business metrics and FX volumes for March 2016, which were underpinned by declining figures on both fronts in what had been its worst month of the calendar year thus far. The Japanese broker’s Daily Average Revenue Trades (DARTs) had already been in decline since January, which retreated to just 288,349 DARTs during March 2016 – this was reflective of a loss of -18.6% MoM from 354,366 DARTs in February 2016.