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Mirror, Mirror on the Wall: Planex Trade Introduces Mirror Trader

Jan 23 2013
By
Forexbrokerz.com

Just as it acquired the local client base of GFT, the Japanese broker Planex Trade is announcing that it is launching the Mirror Trader automated trading platform, powered by Tradency. As of February this year, Mirror Trader will be available to all of the broker's customers. 

 

As it seems, Mirror Trader is on the rise and enjoys a growing popularity amongst forex brokers. A representative example of this is FXCM and the fact that it recently made Mirror Trader available to each and every trader with any FXCM type of account. 

 

And this is no surprise: due to its many advantages, Mirror Trader is one of the most popular social trading platforms. It's main benefits are the fixed-fee payment scheme, as well as the fact that users can choose between automated, semi-automated and manual copying of the trading signals. 

 

What's more, Tradency doesn't spare any effort improving the platform – for example, just a few weeks ago it added CFDs to Mirror Trader – and this pays off.  Tradency was happy to report impressive growth figures both in terms of number of clients and trading volumes. Furthermore, Japan seems to be a good market for automated trading – Invast Securities, another Japanese broker, introduced the platform in November 2011 and by July 2012, it had already reached 20,000 active accounts. Later on, yet another Japanese broker, CTFX, adopted Mirror Trader as well. 

 

“We have been looking to expand our offering by introducing our clients with advanced automation and social capabilities; we have found all of that and much more in the Mirror Trader platform. By implementing the end-to-end solution of Mirror Trader and Currenex backend, we have succeeded to achieve a stable and sustainable mirroring solution in a very short time-to-market,” said Masaki Hagurashi, CEO of Planex Trade. 

 

Lior Nabat, Tradency’s CEO, added: “We are extremely happy to welcome PLANEX to our growing list of leading financial institutions. Tradency have been around since the early days of 2005, we’ve been the pioneers of the Mirroring concept, and during the years we’ve seen how our vision is gaining rapid recognition. We strongly believe in PLANEX’s abilities and expertise and we look forward to working closely with them.”

 

 

About Planex-Trade.com

 

Planex-Trade.com is a subsidiary of the Japanese group Planex Holding. Planex-Trade.com provides financial services, including forex, binary options, commodity futures trading, etc. under the supervision of the Financial Services Authority (FSA) in Japan. 

 

 

About Tradency

 

Tradency Inc. is the developer and originator of Mirror Trading technology, which enables traders in foreign exchange to automatically evaluate and adopt global strategies. Tradency’s Mirror Trading Platform offers traders a flexible choice of combining its groundbreaking approach with traditional online trading methods. Since its inception in 2005, Tradency has pioneered this new method, creating a new category of platform trading. Tradency continues to innovate its services, reinforcing its reputation as the creator of cutting-edge industry practice.

 
TAGS: Planex Trade  GFT  Japan  forex trading  forex broker  trading signals  social trading  Mirror Traders  Tradency  CFD 
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