Forex24, a Cyprus-based investment firm, has announced the setup of a development center in Kyiv to carry out development activities for the forex market.
The activities would include developing mobile apps, new features and upgrades for the apps, working out new deposit and withdrawal methods, and other features that would be useful for forex brokers to run their business.
The company hopes to work with other companies in the financial services sector so that it can develop comprehensive products that are reliable and scalable and useful for the companies. The development center is expected to house around 70 employees and the company hopes to tap the vast resource pool in and around the Kyiv region.
“We expect the coming years to bring thrilling innovations for forex trading, as the industry matures and more people are using to this type of trading,” said Georgios Ioannou, the appointed person to head the Research and Development at Forex24. “With our new R&D center, we believe we can be at the forefront of the innovation. We are looking to create new methodologies that will enable additional growth for the traders who use and have come to trust our services.”
The company currently uses the MT4 platform and has built tools and features into its services so that its traders can make use of the full range of the products available and trade in a variety of instruments including FX, metal, commodities, equities, etc. The company hopes that the additional features that would be developed at this center would help its users even more in achieving their financial goals.
Apart from the new development center, the company also focuses on training programs for traders, online affiliate programs, etc to give its client the edge that they need. The current set and future set of training programs are being done through webinars.
The development center is expected to focus its efforts on developing a withdrawal system for its clients that is smooth, quick, and reliable as this is one of the major issues faced by forex traders. The company is also looking to tie up with other local companies to enhance its services and increase the range of features and services that it can offer. In this aspect, it hopes that Kyiv would be able to provide the right ecosystem for the companies to grow and build relationships within the FX industry.