Wed, February 21, 2024

ForexVox Unveils New Identity as MarketsVox 

Broker News

ForexVox, a renowned FX/CFD retail trading platform ForexVox, unveiled its transformation into MarketsVox on Tuesday. The change reflects the company’s growth trajectory, moving beyond Forex and embracing various financial arenas. The firm operates from its main office in London, but it is licensed under a Seychelles-registered company and has its roots in Ukraine.

The platform, now known as MarketsVox, declared it would add indices, commodities, cryptocurrencies, and metals to its forex offerings. Adopting the new moniker signifies the company’s commitment to enlarging its trading portfolio. In sync with the rebranding, MarketsVox is rolling out an array of new features, including alternative payment methods, a social trading platform with copy trading options, and a revamped partner program.

“Switching from ForexVox to MarketsVox isn’t mere rebranding; it underlines our growth, flexibility and dedication to remain at the vanguard of the trading industry,” the company explained in its official communication. MarketsVox pointed out that the name change represents its future vision and adaptability as a progressive entity in the online trading industry. While Forex trading continues to be a significant service, MarketsVox strives to offer its clients a broader spectrum of trading opportunities.

Recently, the company has set fixed spreads for major currency pairs, including EURUSD, GBPUSD, and USDJPY, to enhance transparency and stability in pricing. As a financial markets trading platform, the company continues its dedication to innovation, customer satisfaction, and excellence. The transformation to MarketsVox, along with the product upgrades, are reflective of this commitment.

Historically, numerous traditional forex brokers have undergone similar branding changes. In 2022, the widely recognized HotForex was rebranded to HFM to exhibit the broad range of its offerings better. A year prior, Vantage FX opted to drop the “FX” suffix from its name to indicate a wider service portfolio beyond just currency pairs.

94% of MarketsVox’s Users Transition to MT5

Months ago, the firm announced the transfer of almost all its clients from the MetaTrader 4 platform to MetaTrader 5. The move, involving 94% of retail traders, aimed to keep the company at the forefront of market trends by offering the best solutions amid intensifying industry competition.

“It was crucial to choose a suitable platform for our future growth, especially considering the rapid developments in the global financial sector,” Slava Biletska, the Director and Shareholder at ForexVox, said. “After carefully evaluating the platform’s advantages and potential, it was evident that MetaTrader 5 was the platform for the future.”

ForexVox (Seychelles) Financial Services Ltd., registered under number 8430368-1, operates MarketsVox. Notably, the company also holds a payment services license in Cyprus.

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