Broker MRG Forex drops Gwazy white-label trading platform

Broker MRG Forex drops Gwazy white-label trading platform

MRG Forex, Maxrich Group, Gwazy

Maxrich Group (MRG), trading as MRG Forex, discontinued on Monday the support of the Gwazy forex trading platform.

Clients who use the Gwazy platform will be offered to switch to MetaTrader 4 (MT4), the most widely-used forex trading platform in the world, since the broker no longer offers trading via Gwazy.

MRG adopted the Gwazy platform in December 2015. The brokerage did not provide details, neither did it explain what motivated the decision. Currently, the broker only offers the MT4 trading platform for desktop and mobile devices.

Maxrich Group is based in New Zealand and is also registered in the British Virgin Islands. It’s a straight-through processing (STP) broker that provides over-the-counter forex trading services. The brokerage is a member of of the Financial Services Complaints Ltd (FSCL), an independent New Zealand not-for-profit external dispute resolution (EDR) organization.

The Gwazy platform, a product of Gwazy Ltd., provides an easy-to-use web-based trading experience for retail investors. The white-label platform allows brokers to offer the Gwazy services under their own brand. The platform supports trading in forex, precious metals, contracts for difference (CFDs) on indices and commodities, and crude oil, among others. It features a wide range of instruments and is available in several languages, including English, Chinese, Arabic, Farsi, and Russian. It is suitable for both experienced and novice traders and is also available on mobile devices with Android and iOS operating systems.

Among the brokers that offer the Gwazy platform are Windsor Brokers, MCM FX, Capital Market Solutions (CMS), and HiWayFX.

Gwazy Ltd is the technology provider and developer of the Gwazy Trading Platform, the Gwazy Trading Method and the Gwazy League. Earlier this month, the company announced it has introduced new features to the platform, including an API (application programming interface) software, allowing brokers to automate processes, and a lead nurturing service on the Gwazy league.

Last week Monex Inc., part of leading Japanese forex brokerage Monex Group, said it is discontinuing the offering of the Tradable trading platform. The service will be fully terminated from 29 July, 2016.

Source: Gwazy

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