The entire trading and investment community of Asia seems to be amazed at the technological breakthrough initiated by SFX Markets. This is a next-generation FX broker coming up with various top-notch trading and investment solutions. This time, it is all about FIX API.
The thing is that in late January, Hong Kong hosted another major Forex event called iFX EXPO. This event gathered over 2000 representatives of the international FX industry. Moreover, this is one of the 5 most important events in the Forex industry planned for the year. This time, the expo was dedicated to innovative solutions in trading. There were a number of companies offering their own innovative products and services making its possible to take trading and investment activities to a whole new level. Still SFX Market did stand out from the crowd this time. The broker’s innovations related to FIX accounts can be called revolutionary, especially as they are designed to make those kinds of trading accounts more affordable and popular with all kinds of traders worldwide.
What Used To Hinder FIX API Trading?
FIX API is popular thanks to providing unrivaled-quality direct access to market liquidity coupled with fast and precise execution of orders as well as safety of funds, security and so much more benefits all traders can only dream of. However, there is one major deterrent preventing most of the traders out there from enjoying those kinds of trading accounts. The thing is that FIX API are usually available to those who can deposit $50 000 and more. Apparently most of the traders out there cannot afford such deposits. However, SFX Markets has found a way to decrease the minimal deposit requirement.
We draw your attention to the fact that this is not a temporary solution designed to popularize FIX API for a limited period of time while the broker’s managers offer loyal conditions at their own cost. This is a long-term permanent solution for anyone out there interested in FIX API.
What prevented other companies from doing so?
FIX API Trading is an example of high-quality solutions. Still, the technology is rather costly, SFX Markets’ Honk Kong office representative Sky Lee told Market Leader.
She said, “Let’s do some math. A FIX connector alone costs $2000 to $10000 a month. With that being said, when letting the trader open FIX accounts with low deposit requirements, the company may fail to cover all the expenses related to maintaining FIX API. Yet this is not the biggest challenge. The thing is that FIX API requires standalone software, which in its turn requires a team of highly-skilled and highly-paid programming experts. Yet, such experts are scanty and difficult to hire…”
When asked about the solution offered by SFX Markets, she told Market Leader the company managed to make the technology less costly. The company limited free IP addresses and launch its own GUI – SFX Trader. These and some other solutions helped the broker to reduce the minimal deposit requirements for FIX accounts. Eventually, this made FIX trading more affordable for mid-scale traders as well. The company is still determined to keep on working on the ways to make the technology even cheaper and more affordable for all trader.
Benefits of FIX Trading
International experts say that FIX API is a revolutionary solution in FX trading. Those traders and investors who once gave FIX accounts a try don’t want to go back to the conventional ways of trading Forex. The difference is huge!
When trading currencies via FIX API, you access in-depth info on the spot market, including trading volume at any moment. This makes it possible to take your tech analysis to a new level, which further translates into better trading decisions, lower risk and higher returns. On top of that, FIX API can boast perfect execution of orders. The quotes are precise and the execution is really instant. With that being said, nothing prevents you from intensive trading like scalping, even though you can make use of any trading strategy you can possible dream of.
On top of that, SFX Markets FIX API backs:
-low interbank spreads
-flexible commission scale
-direct access to major liquidity providers
-full privacy
-comprehensive support
-wide range of counteragents etc.
The bottom line is, SFX Markets is a perfect solution for any trader or investor seeking stability, efficiency and flexibility multiplied by security and safety of funds. For trading conditions, please go to https://www.sfx-markets.com/trading/accounts
