Japanese Retail FX giant GMO Internet Group has taken another step in growing its UK and international presence, with the company’s FCA regulated arm Z.com Trade announcing the launch of a new FX and cryptocurrency trading app called Pipster.
Pipster was developed in partnership with Finatext UK, a branch of Finatext Ltd., a Tokyo based Fintech firm specialising in financial education apps, customised big data solutions and a newly formed ‘Brokerage-As-a-Service’ solution called Smartplus.
The concept behind Pipster is to provide simplified, smarter trading platform to a new generation of traders, focusing on FX and cryptocurrencies.
Both headquartered in Japan and with a significant presence in their respective industry sectors, the partnership between a retail FX trading industry giant and an established Fintech startup marks a strategic move for both businesses, with the aim to disrupt the traditional forex trading ecosystem both in the UK and globally.
Masahiro Funada, CEO of Z.com Trade, stated:
I believe that this collaborative initiative, with a reputable Fintech firm such as Finatext, is a stepping stone that will enable us to extend our trading services to a wider audience.
As noted above Z.com Trade is a member of the GMO Internet Group, of which its internet securities provider GMO CLICK Securities Inc. is the world’s largest retail forex provider by volume. The group has offices in the global financial centers of London, Tokyo, Hong Kong as well as recently launched entity in Bangkok, and offers FX, CFD and securities trading services worldwide.
Rob Brockington, CEO of Finatext UK said:
With Z.com Trade’s capacity to provide the best trading technology for retail FX traders, the Pipster app will be able to provide a simplified and smarter trading experience that we believe is essential to engage a new generation of traders.