Monex enhances MonexTraderFX trading platform

Maria Nikolova

The Japanese broker has added a dozen technical indicators and drawing tools, and is enabling traders to save settings so that they can use them in various environments, including via mobile.

Japanese Forex broker Monex Inc, a part of Monex Group, Inc. (TYO:8698), has just unveiled a set of enhancements to its MonexTraderFX trading platform, ranging from new technical indicators to allowing users to see additional information about their trades and accounts.

Traders can now save and use the settings, such as order information, technical chart templates, color schemes, etc. in various environments. This means that if traders save the settings on their personal computer at home, they can then trade using the same settings while on the go.

More than 15 technical indicators and drawing tools have been added, including Fibonacci Extensions and Andrews Pitchfork.

The platform now offers a special price screen, so that traders can check the price of any currency pair on a big screen.

It is now easier to work with notifications – traders can delete unnecessary announcements and check the number of unread notifications. A news search function has become available, whereas reports of Monex’s analysts will also be posted.

The upgraded platform offers traders to get more information about trading history and accounts. Traders can download a CSV file of their trading history. Also, the order history is automatically updated. Information about required margin can be obtained from a newly added screen.

Traders can also make enquiries about their deposit/withdrawal history.

While we are on the topic of technology innovation at Monex, let’s recall that in March this year, the broker announced the launch of a new TradeStation mobile application for trading US stocks. More interesting, perhaps, is the company’s push into artificial intelligence (AI). Monex has recently partnered with fintech company Good Moneyger, whose AI solution – VESTA, aims to reduce chances of investment loss by examining market data and cycles and estimating chances of market crashes. As a result, Monex delivers a new market analysis report based on this AI technology.

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