Forex dealer FXCM Asia (FXCM Hong Kong), a former subsidiary of FXCM Inc., recently acquired by Rakuten Securities, informed its clients of an update to its Trading Station Desktop platform on January 9, adding a number of useful features.
Probably the most important among them is the commission display added to the trading windows, including tabs for open and closed positions, as well as a summary of positions. What is more, a new net profit/loss column is added to the trading windows (Summary, Open, and Close Position tabs) to reflect the effect of commissions.
The update also introduces Entry and Range Entry options displayed in the Entry Orders window, as well as an option to save multiple logins, allowing quick login to different accounts.
The broker claims that this update will bring greater transparency to trading costs, as well as a number of enhancements.
As we have already mentioned, following a definitive agreement signed between FXCM and Rakuten Securities on September 11, 2015 (in essence selling FXCM Asia to Rakuten Sec for $36 million), FXCM Asia now operates as a subsidiary of Rakuten Securities. Pursuant to the agreement, Rakuten Securities, Inc. will continue to provide the FXCM trading system to FXCM Asia’s clients.
FXCM’s Trading Station desktop is a proprietary trading platform catering to all user levels and allowing usage from any computer type. Web version is also available, however, the desktop version features some extra tools, such as the feature enabling analytical traders to backtest their forex trading strategy and measure the performance of a trading strategy against historical forex market data.
FXCM is a New York-based forex broker, providing forex and CFDs trading, spread betting and related services to both retail and institutional customers. It is registered with the relevant regulatory authorities in USA, the UK, Germany, Italy and Australia. Alternatively, FXCM Hong Kong’s majority of clients are Hong Kong residents.
FXCM Asia is the second business FXCM has unloaded to Rakuten as it sells off assets to repay debt after the historic SNB decision to abandon EURCHF floor. In April 2015 FXCM has also sold FXCM Japan to the Tokyo-based broker for a purchase price of approximately $62 million.
Rakuten Sec is one of the five largest foreign exchange brokers in Japan, itself a subsidiary of Rakuten, Inc., one of the world’s major Internet services companies. It provides trading services with a number of investment instruments, including 40 currency pairs, bonds, derivatives, and Japanese and oversea equities, including such from the USA, Hong Kong, Singapore, Indonesia, Malaysia and Thailand.