As we all know, FXCM Inc was lost in its problems, caused by Black Thursday and the long awaited update of its mobile application Trading Station had to wait for a while. The app was released at the end of January 2015, but the company was already in its problems that time, reaching a deal with Leucadia, related to the loan. It’s more than understandable, that the focus turned from developing the app to the real money.
Nevertheless, FXCM had to work further and May of this year brought the so much expected update to the Trading Station for clients (for both Android and iOS systems). The improvement came with wider CFD possibilities and even with a support for CFD instrument decimalization. We expect the FXCM to bring even more in its next update.
FXCM Trading Station Mobile offers trading Forex and CFD instruments (CFDs are available only in certain countries). Traders get access to live exchange rates, interactive Candlestick, Bar and Line Charts, Built in Chart Indicators, Trend Lines and Fibonacci. They can stream market news and research, make use of a real-time built-in market moving Economic Calendar. Users of the app can also place and manage trades with simple and complex, basic and advanced orders types.
Languages of the application are: English, French, German, Italian, Japanese, Russian, Simplified Chinese, Traditional Chinese, Spanish, and Turkish.
You can check the FXCM’s Trading Station app for iOS by clicking here.
You can check the FXCM’s Trading Station app for Android by clicking here.
CySEC advises of Brexit risks monitoring
While FXCM is struggling with its debt, Europe is facing the Brexit probability, spurring concerns in the financial secotr.
The Cyprus Securities and Exchange Commission (CySEC) published a Circular (C130) on Tuesday, giving an advise to the Cyprus Investment Firms (CIFs) to watch the risks related to a possible exit of the United Kingdom from the European Union.
The Cypriot securities regulator reminds CIFs that a Brexit referendum is about to be held in the UK on June 23, 2016, to decide about the UK if the country stays or leaves. In case of a possible exit of the UK, there might be an impact on the financial markets, the regulator notes.
That is the reason, why CIFs, active in the UK and/or keeping accounts in sterling pound, or offer products with the sterling pound are asked to closely monitor the risks to which they, or/and their customers are exposed or could be exposed and where necessary, take measures to minimize such risks.
To see the official warning, click here.
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