INFINOX Reports 75% Growth in IX Social Accounts

INFINOX, contracts for difference (CFDs) broker with 13 years of experience, has summarized the third quarter of 2022 and recorded a visible rise in the number of accounts in its social trading tool, IX Social.

Compared to the last quarter, the number of new client acquisitions rose by 30%. When comparing the third quarter of 2022 to the same period a year earlier, the rise was even more significant, standing at 75%.

According to the press release, INFINOX was able to attract more traders not only to IX Social but also to its standard 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.

"We're talking about a new type of trader - one who is younger and more growth-oriented when it comes to online trading, and this is especially prominent in the Middle East and Arab-speaking world. The 'new trader' sees this platform as a long-term opportunity, rather than the conservative trader who viewed 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 as a short-term activity – and even a competition between traders," Sam Chaney, the Head of Sales at INFINOX, said.

"Our IX Social tool fits like a glove to this trader, because it offers them a community in which they can discuss market movements, understand the dynamics and even get inspired by other traders. Basically, it is a win-win situation."

Infinox Launched IX Exchange Platform

INFINOX has recently not only increased customer engagement but also developed new products. In October, the global trading provider launched the IE Exchange platform, giving access to over 20,000 trading instruments.

Available to INFINOX clients in the UK, the IE Exchange works alongside the current MetaTrader platform. Traders can switch between the two of them, to diversify their portfolio and use different trading tools.

"We are broadening our product range to meet the evolving needs of the marketplace. The launch of IX Exchange is a statement of intent for our growth strategy and a game-changer for our clients' trading potential," Robert Berkeley, the CEO at INFINOX Capital Limited, said.

In June, IXO Prime, an INFINOX subsidiary, announced a strategic cooperation with Art Technologies, a leading technology provider.