IronFX to open R&D centre in Mumbai

Forex trading firm IronFX is planning to open a new high-capacity research and development centre in Mumbai to develop new trading technologies.

IronFX aims to create transformative technologies for forex traders around the world, including unique withdrawal solutions, mobile trading platforms, and advanced customisation features. They will be joining a long list of international companies utilising the ecosystem in Mumbai to drive innovation and growth.

The centrally located R&D centre, spanning 12,000 sq ft, will be housing over 80 employees in various professional capacities. New and existing staff will collaborate with departments around the world to implement IronFX technologies. In-depth KYC processes will be deployed to simplify withdrawals and create a fast and seamless trading experience. This new location will also provide IronFX with access to recruitment opportunities, thanks to a large pool of highly skilled talent currently available in India, allowing the company to grow its R&D force faster.

The opening of the new R&D centre is the recent link in a long chain of build-out actions taken by IronFX in recent years. In the past few years, Iron FX has taken steps including a new online affiliate program, training programs and webinars for traders, and rebranding operations.

IronFX has chosen to focus on streamlined withdrawals for forex traders, since the firm notes that traders wishing to withdraw money from their accounts under other brokers are often forced to deal with delayed payments and bureaucratic hassles. By setting this as one of the new centre’s R&D goals, IronFX hopes to push the industry towards safe and reliable trading environments for all users. The new Indian R&D centre also aims at strengthening relationships with local partners and supporting international talent development.

“With more and more people learning what is forex trading, we’re seeing a growing need for unique, state-of-the-art solutions to support the rise in traders,” says Nicolaos Christoforou, vice president, Research And Development at IronFX. “The new centre in Mumbai further expands our development capacities right where we expect the biggest growth over the next years. The centre will open later this year and bring together our engineering and operations teams to facilitate the creation of advanced technologies and services, for both our customers in India and around the world.”