Online forex broker UFX.com said on Wednesday it has expanded its operations to the Scandinavian market. The company’s ParagonEx 4.0 platform and product range has become available to clients in Sweden, Norway, Denmark and Finland.
The move is part of the UFX.com’s agenda to expand globally. The company has selected Scandinavia as a launching point. No information was provided as to what other markets are to be included in the expansion plan.
“There are some extremely exciting opportunities in different markets throughout the world and we have global ambitions. This is just the beginning of a significant expansion for UFX.com and the UFX brand,” said Dennis de Jong, managing director at UFX.com. “The Nordic region has always been ahead of the curve when it comes to technology and there are some hugely talented traders in the area. We look forward to providing them with our award-winning products and services which I’m sure will be very well received,” he added.
The company has appointed a dedicated team for its Scandinavian area.
UFX.com’s proprietary trading platform, ParagonEx, is web-based and is also available as a mobile application for Android and iOS. The platform features in-house built MassInsights, a trading technology that offers a live stream of market events and aggregated trader behavior. In addition, the broker’s clients can also use the industry leader MetaTrader 4 (MT4) platform.
UFX.com was set up in 2007. It is a straight through processing (STP)) broker that offers trading in currencies, stocks, indices, commodities, exchange-traded funds (ETFs), and other instruments. It also provides personal trading coaching,
UFX.com is a brand name of Reliantco Investments, a company licensed since 2010 and regulated by the Cyprus Securities and Exchange Commission (CySEC). The company also operates other forex sites – www.ufxmarkets.co.uk, www.ufxmarkets.com, www.ufxaffiliates.com, and www.ufxpartners.com. Reliantco Investments also has a unit in the Czech Republic, where it is regulated by the Czech National Bank.