When it comes to investing, there is plenty of information out there.
But finding the right information can be difficult.
Luckily, modern financial technology makes trading stocks and other assets easier than ever.
Financial experts call this phenomenon “finance as a platform.”
The most successful companies today offer successful finance as a platform.
Further reading: CashFx; Success From Home!
Financial services are now available to everyone, not just the wealthy.
CashFX is finance as a platform (FAAP) company that operates an app-based e-money trading platform.
Users can invest in financial markets, including forex (foreign currency), CFDs (contracts for difference), and stocks.
With traditional financial institutions and platforms becoming more user-friendly, more people are interested in FAAP companies operating trading platforms.
This article explores the key facts about the CashFX e-money trading platform.
What is CashFX?
CashFX is a Singaporean FaaP company that offers a mobile app for Android and iOS that allows users to trade stocks and other assets using e-money.
The app was launched in Singapore in January 2016 before expanding to other Asian countries in April 2017.
In late 2017, the company announced that it would expand to the United States, offering a similar app to users there.
Traders can deposit e-money into their account, including Skrill, Neteller, or a credit/debit card.
How Does CashFX Work?
Unlike a brokerage where you buy and sell stocks at a brokerage office, e-money trading platforms like CashFX allow users to buy and sell stocks directly through the platform.
This is a huge benefit to users, as they can trade stocks at any time—trading companies like Stocks. The exchange allows for 24/7 trading to meet user demand.
Traders also have greater control over their trading as they can set their buy and sell prices.
There are currently four markets on the CashFX platform: Stocks, Forex, Indices, and Commodities.
Why is the CashFX e-money Trading Platform So Successful?
In most traditional asset markets, there are very few players.
If a trader wants to buy or sell a stock, they have to go through the brokerage firm that currently owns the stock.
Brokerage companies have millions of dollars in capital to buy assets like stocks and sell them to traders.
However, a CashFX trader only has a small amount of money.
Brokers don’t want to risk losing money from a small trader. Traders want to buy stocks but can’t do so without taking on risk and capital.
CashFX allows traders to buy and sell stocks without going through a broker.
Traders can make deposits into their account via wire transfer, credit card, or Payoneer account.
This money can then be used for trading.
This gives traders a lot more flexibility, especially regarding trading hours and accessibility.
Brokers are closed during certain hours and can be hard to access.
Traders can access the CashFX trading platform at any time of day.
Connect to CashFX on Linkedin.com
Learn more about CashFX: https://simplebooklet.com/cashfxplanyourfuture