Japan’s FX Broker Forex Crown Launches cAlgo Trading Platform

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Japan’s FX Broker Forex Crown Launches cAlgo Trading PlatformJapanese Forex broker Forex Crown has adopted algorithmic trading solution cAlgo, which is designed by Spotware Systems.

The launch, which was formally announced on Sept. 8, allows Forex Crown’s clients to access the solution to create their own FX trading robots, develop automated strategies and execute trades with them. The rollout of cAlgo by Forex Crown follows its earlier launch of the cTrader platform three months ago. The cTrader solution is titled Arb FX (Arbiter FX or ArbiFX).

Forex Crown’s clients who wish to review the cAlgo platform can check the cTrader platform and press the “Links” tab on the upper left corner of the visual screen. cAlgo will be seen in the resulting list of options. For now, both cAlgo and cTrader are only available through downloaded versions. Moreover, you can check either of the two platforms via a demo accounts that are unlimited time-wise.

Forex Crown was the first Japan-based retail Forex broker to roll out the cTrader suite of products. Its decision is in line with the industry-wide trend in Japan to provide clients with access to various trading platforms. For example, Monex ditched MT4 in favor of app-based Tradable solution. What is striking is that Japanese firms usually prefer doing business locally, something that is encouraged by imposing long and stifling bureaucracy when foreign firms want to enter into partnerships with local firms.

Meanwhile, leading retail FX broker FXStreet rolled out a Japanese language service as part of its strategy to grow its business in the Asia Pacific region, the company said in a statement.

The company hired a Japan-based editorial team that will produce news, reports and articles from 9.00 till 12.00 JST, and in the evening from 18.00 to 22.00. Most of the content will be on FX, though stocks, metals and oil will be included. To register for a free 2-week subscription to ForexMinute Premium Plan, visit www.forexminute.com/newsletter.

To contact the reporter of this story; Yashu Gola at yashu@forexminute.com