Forex.com Launches Trading Services in Latin America

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.com, the broker brand of StoneX Group, has expanded its geographical reach with the launch of forex and contracts for differences (CFDs) trading services in Latin American markets.

Officially announced last week, the broker is targeting the Spanish-speaking markets in the region and has launched services in Spanish.

“We have spread our wings and landed in Latin America, expanding our borders and offering our award-winning online trading platforms to traders in Latin America,” Forex.com wrote on social media posts.

The services of the Latin American platform remain similar to Forex.com’s offerings in other global markets. The broker is offering more than 80 currency pairs, 15 global indices and a broad list of over 9,000 stock CFDs listed on several global exchanges.

The trading services are facilitated on the broker’s proprietary Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term, as well as with industry-standard MetaTrader 5, which was developed by MetaQuotes Software.

A Global Brand

Forex.com is one of the very few brokerages that offer regulated retail forex trading services in the United States and Canada. In addition, it operates in Europe, Japan and several other global markets.

GAIN, which operates Forex.com and City Index brands and has stakes in a few other trading businesses, was acquired by US-based StoneX Group. The acquisition deal, valued at $236 million, was completed last year in July.

Meanwhile, StoneX phased out GAIN Capital in the United Kingdom, migrating all brokerage operations under its British affiliate, StoneX Financial Limited. Furthermore, the new owner rebranded in Japan, changing its name from 'Gain Capital Japan Co., Ltd' to 'Stone X Financial Co., Ltd'.