Currenex is a trading platform used for trading spot forex and CFDs. It mostly focuses on linking Forex traders through their ECN (Electronic Currency Network). When using forex broker that supports Currenex, traders can spot forwards and swaps through STP (Straight Through Processing) technology. The platform developer , Currenex Inc, has a few patents to its name on low latency execution tech.
If a trader chooses a Currenex Forex broker, they will be able to have access to a deep liquidity, which industry Giants such as Goldman Sachs, provide. Currenex is aimed at those who have more experience in Forex trading. It is not a platform that is particularly suitable if you are just starting out with trading Forex. Its complexity is too demanding for that. It has a range of execution algorithms and order types in addition to reporting tools that are advanced. It is a platform that is based on Java, so there is no need to install anything.
Currenex Forex Brokers List
MAS, JFSA, DIFC
There are many available. Some, such as FXCM and FXDD are mentioned as partners on Currenex’s website. Currenex is popular among hundreds if not thousands of traders and institutions alike that connects traders with many providers of liquidity.
Advantages of using Currenex
We like many things about Currenex. For example, the partial order option shows the fill stages transparently and clearly, which is different from other platforms that support partial orders. Also, it can be accessed directly from your desktop PC and this means it is very easy to use. The fact that it is easy to use means that potential traders will enjoy the features and facilities that the platform offers.
Wrapping It Up
Currenex is a successful and easy to use social platform for Forex trading. Many brokers are compatible with Currenex but beware of new brokers who perhaps don’t have the necessary regulations that are needed in your country.