https://www.marketwatch.com/
Exfor, a multinational trading company, has announced the launch of its new subscription model of work, the first of its kind in the FX space. The new model was launched on October 1st, 2022. The company allows users to trade on currency pairs, metals, oil, and stocks and is currently working on expanding the number of products to accommodate various categories of traders. With the newly launched trading model, Exfor aims to provide traders with the best trading condition in the market.
The traditional forex market has become a nightmare for retail traders who are charged the most fees, but are unprotected by any regulation. The Exfor model is unique and is designed to offer a level playing ground for retail traders and the bigwigs from Wall Street. The company currently has operational offices across Europe, Asia, and the Middle East.
It is a first-of-its-kind subscription model, completely different from the traditional “transaction fee” employed by direct competitors in the market. Exfor's model helps traders break away from the existing enslaving payment system, where traders lose a huge chunk of their investment as commission for every transaction. This new model will fundamentally revolutionize the approach to forex trading. Exfor understands that there are different target audience categories, including the pros, beginners, and so on.
The subscription model is issued for 3 months, 6 months, 9 months, and 12 months, and traders can select the best offer. This is the first monthly-based subscription model in the forex market. Apart from Exfor, no competitor offers such a payment system for private investors. These private traders pay exorbitant fees as commissions for every transaction, which is 10 times more than what stock traders pay. Although these traders pay such high fees as commission, they are also susceptible to non-transparent execution and manipulations of transactions from the broker's side. With $25 monthly subscription, Exfor offers an excellent opportunity as the lowest spread on the market and total transparency of all transactions. According to Ivan Marchena, the head of business development at Exfor, the company aims to ensure that all traders enjoy an exceptional trading environment and infrastructure. Ivan has over 10 years of experience in the industry and has worked with notable companies in the past, like Alpari Group, Prime XBT, Libertex Group, and so on.
The newly launched subscription model gives traders the freedom of action, as they no longer have to pay a commission for every transaction. It will also enable clients to receive a net (raw) spread for a small monthly fee/subscription for trading. The new subscription model ensures the company and its clients have no conflict of interest. Additionally, the company will only earn through subscription while offering entry to the financial market at the lowest possible price. Exfor has set its sights on geo-market strategy and product (technical) development.
Exfor is a multinational trading company with headquarters in Labuan, Malaysia. The company leverages cutting-edge technology and deep-rooted expertise to revolutionize the forex (FX) market. Exfor is designed to ensure clients’ funds are safe and secure in segregated accounts with the biggest bank in Malaysia, the Maybank (KSLE-Malaysia Banking Berhad). Clients also enjoy access to proven trading platforms like MT4 and MT5.
Exfor Limited also offers Client Fund Protection Policy through Insurance Policy Number AMK/0908345/908680/2022. This policy is issued by the Africa Merchant Assurance, and can be as high as $1 million per claimant.
The renowned Labuan Financial Service Authority (LFSA) regulates the company. Exfor provides traders with subscription-based access to trades without any hidden charges and commissions. Over the years, Exfor has partnered with notable technical providers in the financial market, such as Fxbackoffice, Your Bourse, Metaquotes, Brokeree Solutions. One of the team members Khaled Alkheder, is a financial consultant with a PhD in international economics with 7 years of experience in financial/banking products.
.png){kind=logo}
