ActForex launches platform for retail FX


NEW YORK -- Solution provider, ActForex, has transacted more than $2 billion through its platforms since its launch last year, president Ilya Sorokin told FX Week.

ActForex does not trade or make markets, said Sorokin, but provides a white-label trading system which can have clients up and running in a relatively short time.

"We spent three years developing the system, and can provide functionality that would take a company a long time and a lot of money to produce," he told FX Week. "If a firm wants to expand into FX trading quickly, we can provide a turnkey solution.

"We provide the trading platform and host the system at a relatively low cost for organisations," he added.

Although Sorokin declined to name any of the firm’s clients, he said they ranged from individual traders who want to set up their own dealing room, to small- to medium-sized banks looking for a white-label trading system.

The firm is not affected by the recent change in regulations governing retail FX trading in the US from the Commodity Futures Trading Commission (CFTC), said Sorokin, because it does not trade itself. "We spoke with the CFTC and because we are a platform provider we don’t need to register," he said. "It hasn’t really affected how we deal with the market-place as we have a lot of interest in Asia-Pacific and the Middle East."

He added that if anything, the CFTC regulations have helped ActForex’s cause. "It has given what was something of a grey market more credibility," he told FX Week.

The retail FX market has experienced some difficult times recently. Matchbook FX, one of the first firms to offer retail foreign exchange trading, closed recently, and some insiders have told FX Week that the initial interest in forex day-trading has subsided. Sorokin disagreed: "I think the market is growing. Equity day-trading took off when brokerages realised they could make daily commissions from day traders as opposed to those taking long views. FX is the ultimate day-trading market, and that is where we are headed," he said.

  • LinkedIn  
  • Save this article
  • Print this page  

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services -, or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: