GMO Click Securities to retire GMO-FX Dash mobile app

Maria Nikolova

The company will focus instead on enhancing two of its existing mobile trading apps – FXroid Plus and iClickFXneo, and promises that new mobile solutions are in the pipeline.

GMO Click Securities, a part of GMO Internet Inc. (TYO:9449), has delivered a somewhat surprising announcement to its clients, as the company said it would stop supporting the GMO-FX Dash mobile app. The surprise stems from the fact that the application was rolled out in July this year, which means that it is retired less than four months after its launch.

When launched GMO-FX Dash was praised for the charting capabilities it gave to traders, as well as for the speed of execution.

In its latest announcement, the broker noted the importance of the smartphone applications but added that they have to respond to the demands of the clientele and this means providing a certain quality of service. That is why, GMO Click is planning to enhance two of its existing mobile applications – FXroid Plus and iClickFXneo, and to develop new mobile applications.

New downloads of GMO-FX Dash will become inaccessible from November 6, 2017, the company says. For the time being, those traders who have already downloaded the application may continue to use it. The broker reiterates, however, that it plans to stop supporting the app altogether at some point in the future.

Talking of mobile apps, let’s recall that GMO Click’s binary options mobile apps were affected by the latest changes in the policy of Apple’s App Store . The updated the OS developer guidelines say that “Apps that facilitate binary options trading are not permitted on the App Store”. The announcement by GMO Click Securities concerning its binary options mobile apps came along with one from YJFX, a subsidiary of Yahoo Japan Corporation (TYO:4689). Earlier, Japanese retail Forex broker Hirose Tusyo Inc (TYO:7185), or Hirose FX, informed its clients that its LION BO mobile application is no longer available to download from Apple’s App Store, also because of the policy changes of the store.

One of the regulators that has been active in pushing for binary options apps removal from the app stores run by Apple and Google is the Australian Securities & Investments Commission (ASIC). In August this year, ASIC said it had contacted Apple and Google following its review of app stores offering binary options apps. The review indicated more than 330 apps which were offered to Australians by entities and individuals that appeared to be unlicensed.

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