News Column

Tower Global Unveils 'No Margin' Solution for Forex Traders

May 22, 2014

Jonah Nwokpoku

Tower Global Markets Limited, a financial services company that provides online trading solutions for FOREX and commodity traders, has introduced a new trading solution that allows traders to maintain a no margin call account with some level of insurance to mitigate losses.

The company said the solution is designed to solve the challenges that traders and investors in global foreign exchange and commodity markets are currently experiencing.

Speaking at the unveiling of the solution in Lagos, the General Manager of Tower Global Markets, Mr. Opabola Olatunde, said the solution was introduced to address some of the major problems that investors in the market face which include significant capital loss, lack of robust risk control, inadequate capital and psychological control.

He said the product team at Tower Global Markets Limited after engaging in deep thinking and research came out with Tower Solution in conjunction with its partners in Europe.

He explained that, "With Tower Solution, the problems which traders and investors face have been solved since once an investor or trader registers for the Tower Solution service, any net losses incurred are written off while all net profits can be withdrawn by the investor.

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Source: AllAfrica

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