Do not invest more money than you can afford to lose.
The Malta-regulated FXDD Global became the first forex broker to adopt Tradency’s automated trading solution RoboX, after several months of testing.
RoboX was launched this March. It is a smart trading machine with a simple, comfortable and user-friendly interface that does not require any prior knowledge of forex trading. It offers “smart packages of strategies” based on a short questionnaire filled in by the user upon registration. A special risk matching algorithm then compiles data, including best performing strategies, instruments, time frames and trader behavior accumulated in Tradency’s platforms and tailors strategies best suited for the trader’s needs and preferences.
“FXDD Global is committed to creating the best trading environment for our clients and ensuring they have the technology they need to be successful,” said Lubomir Kaneti, director at FXDD Global, quoted in a company press release. “Providing them access to the power of their very own Robo-Advisor through RoboX’s proprietary software is the next step in honoring our commitment,” he added.
“After many years of experimenting, watching traders’ behavior and executing hundreds of millions of signals, we at Tradency have an in-depth understanding of the principal challenges of both traders and brokers,” said Oz Golan, Tradency’s vice president of sales. “Robox leverages the benefits of FX algo trading by utilizing the global trend of robo advisors combined with our vast amount of content of algo trading strategies. RoboX is the perfect gateway to many traders holding an investment portfolio wanting to diversify their investment by entering the lucrative FX and CFDs market.”
Tradency is an Israeli financial technology company that pioneered the mirror trading concept. It has been offering B2B software solutions for algorithmic treading for financial institutions. Besides RoboX, it offers Smart Investor – a system for creation of investment portfolios based on information from human investors and automated algorithm-based portfolio management advice.
FXDD Global is a subsidiary of Currency Mountain Holdings. The broker is based in Malta and is regulated by the local watchdog – the Malta Financial Services Authority (MFSA). It provides services to individual and institutional traders, hedge funds, money managers, white labels and introducing brokers. FXDD offers trading in forex, CFDs, precious metals, oil, options and binary options. The available trading platforms, besides RoboX, are MetaTrader 4, Mirror Trader, Currenex (for connecting professional traders with banks), FXDD Options Trader (for options) and FXDD Spot BinaryTrader.
