Monex to terminate offering of Market Walker

Japanese retail Forex broker Monex Inc, a subsidiary of Monex Group, Inc. (TYO:8698), is planning to terminate the offer of the “Market Walker” information tool. In a notice to its clients, Monex explains that it has decided to stop providing the service after it could not reach an agreement with the “Market Walker” developer.

The company will stop accepting new applications for the service on January 31, 2018. The tool will become unaccessible from March 30, 2018.

The broker offers “Market Walker” users to transfer its own Monex Trader service instead. In February, the company aims to migrate some functions from Market Walker to Monex Trader and to send a manual to Market Walker users about Monex Trader.

Monex Trader is a real-time trading tool with a variety of advanced features including long-term technical charts, various orders, numerous rankings and so on.

The announcement about the pending “Market Walker” service termination comes on the heels of a more positive announcement for Monex’s clients, as the company has launched a service based on artificial intelligence (AI) that aims to enhance Forex traders’ performance. The service, developed in partnership with technology expert HEROZ Inc, aims to prescribe AI treatment so that one can improve his/her trading style and, ultimately, one’s trading results. That is, the service, which is available to users of Monex’s FX Plus, will actually result in a sort of “medical prescriptions” for Forex traders.

Talking of Monex and new technologies, let’s recall the broker recently introduced a robo-advisory service where a customer can determine one’s own investment policy and easily manage his/her assets with a support of professional advice. Unlike discretionary investment, customers can make investment decisions on their own with analyzing the market and the global economy. More than 1,000 patterns of portfolio combinations are available to help customers manage their assets on their own policy.