Riding the Indo Global Exchange(s) PteLtd (OTCMKTS:IGEX) Express
BY JUSTIN KINNEY ON JULY 28, 2015 MICRO CAP INSIDER, SMALL CAPS
Indo Global Exchange(s) PteLtd (OTCMKTS:IGEX) has seen a meteoric rise in recent days transforming into one of the top traded stocks on the entire bb’s and quickly attracting a massive shareholder base who believes this one goes much higher.
On July 28 BrokerBank Securities, Inc. jumped on board stating ”IGEX is at the forefront of the emerging financial markets service sector, partnering with noteworthy licensed suppliers of sophisticated global trading platforms in Equities, CFDs, Derivatives, Commodities, Energies, Foreign Exchange and Options. It focuses on providing Web and phone based trading and portfolio management platform in Indonesia.
On July 24th, more than 140 million of company’s share has been traded which pushed the dollar volume up to nearly $270 thousand. The ticker gained a 136% and finished the day above the $0.002 mark for the first time in over the last three months. People are very excited about the company and the news being heard to be coming out of the company’s headquarters in the very near future.
Indo Global Exchange(s) PteLtd (OTCMKTS:IGEX) is at the forefront of the emerging financial markets service sector, partnering with noteworthy licensed suppliers of sophisticated global trading platforms in Equities, CFDs, Derivatives, Commodities, Energies, Foreign Exchange and Options. IGEX’s local knowledge coupled with world-class partners gives clients security and 100% transparency, which is critical for entry into this large and relatively untapped Pacific Rim marketplace.
IGEX is basically a discount broker like Etrade or Scottrade but they operate in Indonesia where currently 74 million people live. According to Indo Global Exchange this number will double by 2020, to roughly 141 million people. During that period, some 8 million to 9 million people will enter the middle class each year.
IGEX offers a downloadable trading platform called the Online trader as well as a browser based platform on their website and a mobile platform called The Mobiletrader. EGIX 3 trading platforms are:
Online Trader – The multi-award winning Online Trader enables investors to trade Forex, CFDs, ETFs, Stocks, Futures and FX Forwards and Options from one, fully integrated online platform. Online Trader offers a wealth of market information and all of the state-of-the-art technical tools and features needed to trade successfully.
WEBTrader – The browser-based Webtrader offers online trading access to Forex, FX Forwards, Spot Gold & Silver, CFDs, Index Tracking CFDs, Stocks, ETFs and ETCs. The Webtrader requires no download or installation, and is accessible behind most firewalls. A Webtrader account also allows integrated access to the comprehensive, professional Online Trader and the Mobiletrader.
The Mobiletrader complements the Webtrader and the Online Trader, giving the serious trader even greater possibilities to establish immediate contact with the global markets. This flexible trading platform provides extreme mobility and around-the-clock access to trading accounts.
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On March 12 IGEX said it has secured $500,000 of new investment funds from FxPro UK, one of the largest FX providers in the world. The transaction will see that IGEX will manage the Fund’s via its SuperTrader Platform under its Planck 10 strategy.
FxPro’s years of experience in FX have led them to developing highly effective investment alternatives that capitalize on forex’s growing status as an asset class in its own right. FxPro manages more than $60 billion trading volume per month in the foreign exchange market and have over $300mn funds under management.
Earlier, IGEX reported that its Planck 10 trading strategies gained 12.45% in January, building upon consistent monthly gains posted since September, resulting in returns of 34.26% for the period. FxPro has recognized the Planck 10 Strategy and once fully tested will open it to its retail and manage funds areas.
The next day on March 13 IGEX said it secured Star Signals, FX professional Academy, and Investor Limited as new clients of IGEX SuperTrader. All these new clients for IGEX are White Label partners of FxPro and after FxPro funds management division invested $500,000 in IGEX trading Strategy’s there partners are following with retail clients using IGEX as services provider.
CEO John O’Shea said “Our risk management will run within the parameters of the Investment Mandate to achieve performance goals. This is a unique opportunity to allow IGEX to expand in the funds Management industry with ownership and allowing IGEX Super Trader to gain investment funds which will produce revenue for IGEX from day one.”
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Currently trading at a $1.3 million market valuation based on 487,588,928 OS IGEX has minimal assets and revenues and growing short term debt. But this is an exciting story developing in small caps; the Company is well positioned to become the next E*TRADE of Asia and a leading financial services company there. We will be updating on IGEX when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with IGEX.
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Submit Disclosure: we hold no position in IGEX either long or short and we have not been compensated for this article.
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