FX week in review: MT5 messenger launch, Exness record trading volumes, brokers lose CySEC licenses
What’s new about MQL5 Channels – MetaQuotes’ first new major product initiative since its MT4 and MT5 trading apps were kicked out of the Apple AppStore?
What client volume trading record for a Retail FX and CFDs broker did Exness just set?
Which two brokers lost their CySEC CIF licenses?
Which (newly rebranded) Retail FX and CFDs broker did longtime SquaredFinancial CEO Youssef Barakat just join?
Answers to these questions, and a whole lot more, appeared first or exclusively this past week at FNG. Some of the most read and commented-on FX industry news stories to appear over the past seven days on FNG included:
MetaQuotes releases MQL5 Channels secure messenger for traders. MetaQuotes, developer of the popular MetaTrader MT5 and MT4 trading platforms, has announced the launch of MQL5 Channels, a specialized messaging app for traders and brokers. The messenger provides a communication platform where users can create personalized news channels, chat with traders from all over the world and study technical and fundamental analysis. Developed with the fintech industry in mind, MetaQuotes said that MQL5 Channels is already available on the AppStore and on Google Play.
Exness begins 2023 with record trading volumes of $2.82T in January. Multi-asset broker Exness has begun the new year 2023 on the right foot, reporting client trading volumes of $2.822 trillion for January. That marks Exness’ best ever month volume-wise, topping August 2022’s $2.811 trillion. In terms on an overall comparison to last year, $2.822 trillion is 24% better than Exness’ average monthly volumes of $2.269 trillion in 2022, making Exness the world’s largest Retail FX and CFDs broker.
CAPEX.com launches Real Shares trading, adds Zach King as Brand Ambassador. MENA region focused online broker CAPEX.com has announced that it is enhancing its product line by adding CAPEX Invest for its MENA clients, offering trading in Real Shares. Moreover, the company said that it will be giving out a free share to new customers under the “Experience the Magic of Trading – Anywhere, Anytime, Anything” concept to promote its new Brand Ambassador, popular YouTuber and social media influencer Zach King.
FXCubic integrates risk/liquidity management with TraderEvolution brokerage software. FXCubic, a London and Limassol-based connectivity technology provider for the forex industry, has announced that it has completed a new integration with TraderEvolution, a multi-market trading platform. TraderEvolution Global Limited provides brokers, banks and prop-trading companies with multi-market trading software solutions for execution and order management, including a back-end server and a full set of front-end trading applications that offer connectivity to dozens of markets across the world.
Top FX industry executive moves reported at FNG this week included:
❑ Exclusive: Former SquaredFinancial CEO Youssef Barakat joins 4T.
❑ Exclusive: Zenfinex MENA CEO Michel Chabbouh resigns.
❑ Vantage Markets appoints Jack Kelly as new Head of Sales for Australia.
❑ Exclusive: GCEX grows Dubai operation, adds Ebury exec Maria Victoria Alberghini.
❑ Invast hires Tiffany Besnard to head Hedge Fund Sales APAC.
❑ Edgewater appoints Andres Cifuentes as Global Head of Liquidity.