IronForex aims for lion’s share of $4,000 billion daily global FX market

Feb. 23, 2011 - PRLog -- Cyprus - IronForex Limited, the Cyprus-based online FX Broker, formally launched its operations, bullish on its prospects to get a lion’s share of the $4,000 billion daily global FX market.*

As part of its global expansion strategy, IronForex also revealed plans to set up representative offices in Johannesburg, South Africa and other key cities in the Middle East, Europe and East Asia for the rest of 2011.

IronForex brings together top-tier, award winning management with cutting edge technological platforms and in-house product development. As a result, it is able to offer Best-of-Market spreads from as low as 0.4 pips for premium accounts and an unmatched product range with over 120 instruments including CFDs on US and UK stocks, Commodities, Futures, as well as Spot Metals.

Its proprietary “One Account, Five Platforms” capability, an innovative yet easy-to-use online trading experience, allows clients immediate access to trade through five market-leading trading platforms – the bespoke IronForex MT4 Trading Terminal, the IronForex MultiTerminal and the in-house developed IronForex WebTrader, IronForex BlackBerry Trader and IronForex iPhone Trader mobile platforms, for true on-the-go trading capability.

Determined to become the leading online Global FX Broker, IronForex has brought together some of the best people in the Global FX Industry with proven track records and substantial experience in setting up and managing highly profitable FX operations and leading them towards becoming preeminent in the FX Industry globally. It recently appointed Mr. Saber Daboussi as Chief Executive Officer of the Company.

Daboussi brings to IronForex years of experience in the FX industry at the CEO level, as well as, a highly experienced and reputable team of FX professionals. Together with the high calibre team already in place, they target to make IronForex the Global FX Broker of choice for both retail and institutional clients.

“These are very interesting times for the Global FX Market. Over the past five years and, in particular since the onset of the global economic crisis in 2008 and the increased market volatility experienced thereon, FX has become the alternative asset class of choice given its high liquidity, extensive trading hours and low trading costs. FX can deliver excellent investment returns provided the client has the right trading tools. IronForex offers just that,” said Daboussi.

“IronForex is the result of bringing together an award-winning team of FX specialists and support staff with many years of experience and an in-depth understanding of the FX markets. This enables IronForex to offer unmatched brokerage expertise and credibility to clients,” he added.

IronForex customer services can provide round-the-clock support, five days a week in more than 20 languages. Combined with the highest standards in trade execution, pricing transparency and advanced bespoke trading tools, IronForex aims to become one of the world’s pre-eminent FX Brokers. More information is available at www.ironforex.com.  

- Ends -


*Findings of the triennial Global FX Market survey conducted by the Bank for International Settlements (BIS) earlier this year, indicates that the Global FX market turnover increased by 20% since  April 2007, when the last survey was held. Average daily turnover now stands at $4,000 billion compared to $3,300 billion in 2007. The increase was primarily driven by the 48% growth in spot transactions, which represent 37% of the Global FX Market. Daily spot turnover rose to $1,500 billion in April 2010 from $1,000 billion when the previous survey was held.

For further details, please contact:

press@ironforex.com
+357 25 02 7887

# # #

About IronForex Limited
IronForex Limited is a leading global online broker specialising in FX, CFDs on US and UK Stocks, Commodities, Futures, and Spot Metals. The Company is part of an international financial services group founded in 1972 and offers cutting edge in-house technology, unmatched execution, best-of-market product range and the lowest spreads in the market. IronForex was established in early 2010 by an experienced team of FX specialists and software experts aiming to create the ultimate and most innovative online trading experience by offering a bespoke trading environment with “One Account, Five Platforms” capability. IronForex is licensed and authorised in the EU (CySEC licence 125/10) and has its main trading operation in Cyprus.