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Swiss FX marketplace Dukascopy Bank has expanded its network of white-label partnerships with a brand new addition from a nontraditional destination for Forex: Georgia. The Swiss company has provided its revered in-house software and full brokerage services to HDForex, a retail Forex brand of Tbilisi Traders Club LLC.
The Georgian Forex broker is set for launch, which is scheduled for September 1, 2014.
Thanks to the partnership with Dukascopy, which was officially announced by the broker on July 24th, HDForex will offer its clients full FX trading facilities on the JForex platform. This means ultra-tight spreads, top-quality technology, the security of trading with a Swiss bank, as well as use of API strategies and indicators.
HDForex’s website promises the launch of a binary options service too, however the firm has not divulged thus far as to which technology provider it intends to utitilze for this particular service. Dukascopy has recently concentrated considerable effort on refining its binary options platform, which is offered with demo and live accounts by Dukascopy Bank and on demo by Dukascopy Europe. Moreover, the Swiss group has recently launched an application for trading binary options on the Apple iPhone.
Dukascopy has added numerous white-label partners to its ever increasing list of corporate clients, which shows remarkable diversity in geographical terms. Along with companies from the UK such as Atom8 and Central Europe in the case of Hungaria Ertekpapir Zrt, it also features Russian partners which include Moscow Industrial Bank and Asia Bank. The partnership with HDForex marks the first collaboration between Dukascopy and a Georgian entity and shows the Swiss bank is determined to cast its net as far as possible.
JForex is set to help HDForex attract clients in a market which is an uncharted area for Forex brokers. Indeed, in Georgia there are only 10 companies operating as brokers in the securities market, with Tbilisi Traders Club LLC among them. The company secured a license for its operations by the National Bank of Georgia in June this year.