Japan’s largest forex broker in terms of volume, GMO Click Securities, announced it is launching the FXClue educational forex application for beginners.
According to the developer, the application gives detailed explanations and commentaries on trading basics like technical indicators and up/down trends. It also provide signals and clues for real forex trading. Another feature of the application are the quizzes, which help the novice traders internalize the information.
Finatext was founded by an ex-investment banking professional and quantitative analyst with strong academic track records from the University of Tokyo. It specializes in the development of trading platforms for various instruments, consumer and educational apps on finance.
The collaboration with GMO Click Securites is not the first for Finatext. Last year it teamed up with YJFX!, Yahoo! Japan Group’s (TYO:4689) forex and binary options broker and released the app Karu FX – an educational and trading platform with a social feature.
Japan’s forex market is the largest in the world in terms of trading volume and in June amounted to JPY 429 trillion ($4.02 trillion). The largest player on it, GMO Click Securities reported a strong Q1 of FY 2016 and soaring trading volumes in June.