Forex and contracts for difference (CFDs) brokerage group Forex Club said on Wednesday it will launch a new trading system called Polkvadrata. The broker will start accepting subscriptions for the new platform from 5 May, 2016, when it will present the platform for the first time in public.
The broker did not provide much information about the new platform, except that it will be easy to use and suitable for beginner traders and experienced investors, alike. Forex Club noted that Polkvadrata combines a formalized approach to opening, maintaining, and closing order transactions and that it relies on trading instruments’ volatility which changes cyclically within days.
Currently, Forex Club supports three trading platforms – MetaTrader 4 (MT4), Rumus, and StartFX.
Forex Club is a collective brand of several entities that provide trading in forex and CFDs on shares, metals, indices, and other instruments. The brokerage has clients in more than 120 countries.
Forex Club aims to further expand its presence within the Commonwealth of Independent States (CIS), or the former Soviet countries. Through its subsidiary Financial Company Forex Club, the group recently became one of the first two to obtain a status as a registered forex brokerage in Belarus (the equivalent of obtaining an authorization). It is also awaiting to receive a license from the Central Bank of Russia (CBR) for a Russian forex broker.
The brokerage’s Russian arm is a founding member of CRFIN, a Russian self-regulatory organization (SRO).
Source: Forex Club