Invast’s ST24 platform marks 100,000 accounts
The service, which was initially launched by Invast Japan in November 2011, marks a milestone of 100,000 accounts.
Automated Forex trading enjoys continued growth in Japan – at least, this is suggested by the latest raft of data published by Japanese online trading services provider Invast Securities Co., Ltd. (TYO:8709).
Today, the company announced that the number of accounts for the ST24 platform topped 100,000. This makes quite an achievement after the launch of the service in November 2011.
The ST24 platform is a white label of Tradency’s Mirror Trader platform and is a Forex automated trading service, enabling clients of the broker to make use of a wide variety of strategies. Invast boasts the largest number of such strategies and is not afraid of the quality/quantity mantra.
The rise in the number of accounts was attributed to the enhancements of the service – the long list of strategies to choose from, the new functionalities like “Full Auto”, released in September 2016, as well as the profitability of some of the strategies.
This is not the first milestone that the ST24 service marks. In August 2013, the 50,000 accounts mark was reached, and in September 2014 the company announced reaching the 70,000 accounts mark. The quality of the strategies, which are designed by investment professionals, was back then mentioned as a key factor for the achievements.
Regarding the popularity of FX auto-trading in Japan, and at Invast, in particular, let’s note that in June 2015, the broker said the number of Forex auto-trading accounts surpassed 100,000. The data back then, however, comprised the ST24 accounts and TriAutoFX accounts. TriAutoFX, initially rolled out in March 2014, enables traders to semi-auto trade.
The idea of automated trading, however, should be considered in line with context – Japan’s Forex environment is not one where MT4 expert advisors and signal providers dominate. In fact, MT4 has lost some ground in Japan over the past couple of years – especially after another Japanese online trading major – Monex Group, Inc. (TYO:8698), announced it would stop supporting the platform in the fall of 2014.