LONDON, October 9, 2013 /PRNewswire/ --
From today, October 9 2013, derivatives traders worldwide are set to benefit from a new proposition from Monex Capital, the London based and Financial Conduct Authority (FCA) regulated provider of Foreign Exchange and CFD trading services. Backed by the founders of Monex Investindo Futures, established in Jakarta in 2000, Monex Capital will enable clients to trade on innovative platforms delivering a trading experience that is more closely matched to their needs.
Monex Capital clients are amongst the first traders to have the opportunity to use ' tradable', the world's only open-source trading platform. Tradable enables users to create their very own trading experience by picking and choosing from a comprehensive range of third party apps, as opposed to being limited to the tools their broker decides they should use.
Clients will also have the choice to trade currency pairs on MetaTrader, with spreads from 0.5 points and margin requirements of just 0.5%.Patrick Latchford, CEO of Monex Capital, said today, " Our objective is to ensure clients have access to the trading tools and platforms that suit them, as opposed to the industry convention which revolves around a one-size-fits-all approach." Latchford added, "This is why we're launching with both tradable and MT4, and we believe that this will encourage the next generation of traders to look at Monex Capital." Tradable is known as an open-source platform, so users can develop their own applications and also select from a wide range of trading tools to build exactly the platform they want in the same way they can now configure a smartphone to meet their needs. In addition to tradable and MT4, Monex Capital will also launch a binary options platform in the coming weeks. Jannick Malling, the CEO of tradable, said, "T he retail derivative industry is currently changing by moving into this open-source era and initiatives like this are concrete examples of evolution." Malling's platform has recently been opened up to more developers and a huge increase of apps have followed, and in his words, " with every new app the trading experience gets better and better". Monex Capital has developed its trading proposition using best in class technologies both for the front-end client interface and also the customer service functions.