IG US, a forex broker, announced today the rebranding of its brokerage and platform technology to tastyfx. This move aims to offer a more aligned experience for their US-based customers and to integrate FX trading more closely.
Same Platform, New Focus
Peter Mulmat, CEO of tastyfx, Source: LikedIn
Despite the name change, the trading platform will remain largely the same. Enhancements will continue to be made, providing improved forex trading technology.
The rebrand to tastyfx aims to create a forex-focused brand specifically for US clients, offering fast technology, zero commissions, and supportive customer service.
“Changing our name to tastyfx marks the beginning of a new chapter for us,” said Peter Mulmat, CEO of tastyfx. “We’ve seen incredible growth in our business over the past few years, but tastyfx will go even further in offering forex traders in the US an unparalleled experience.”
Source: tastyfx
Meanwhile, IG Group initiated a waiting list for options trading in the UK through its tastytrade brand, following plans in development for over two years, as reported by Finance Magnates. The move aims to expand their market offerings in line with strategic objectives.
The launch event in early June last year in London, supported by industry leaders Cboe and CME Group, signals their official entry into UK options trading. Despite global interest in options trading, IG Group faces challenges adapting the US model to comply with UK regulations, which prohibit certain revenue practices.
Forex Trading Gains Popularity
JJ Kinahan, CEO of IG North America and President of tastytrade, Source: LinkedIn
The US retail forex market is expanding rapidly, with a 6% growth in the past year. Traders are increasingly turning to forex for direct exposure to global economic shifts, including inflation rates, central bank interest rate decisions, and geopolitical events.
Forex markets offer a diversified trading experience compared to traditional stocks and bonds.
JJ Kinahan, CEO of IG North America and President of tastytrade, stated: "The tastyfx rebrand is another illustration of how we’re evolving our company identity and our brands, while continuing to offer the fast, easy forex trading experience that our customers love.”
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2024-06-24 16:45:54Z
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