Fullerton Markets announced a collaboration with leading financial technology provider Tradency on Wednesday. As a result, the broker’s clients can now use advanced copy trading options via accessing the award-winning Mirror Trader Platform and Tradency’s latest offering, RoboX.
Mirror trading gains popularity worldwide, as it does not require any prior knowledge of forex trading. You just have to select one or several trading strategies to follow. Unlike most copy trading platforms, however, RoboX offers “smart packages of strategies”. These are compilations of millions of strategies and trading signals, based on predefined rules on trading risk and preferences set by users. The RoboX system was launched by Tradency earlier in March this year.
Tradency is registered in the British Virgin Islands and offers business-to-business (B2B) software solutions for copy trading to financial institutions. The company obviously tries to expand its footprint on the Asian market, as the announcement of the collaboration with Fullerton Markets comes a day after Tradency partnered with Asian trading solutions provider m-Finance, and Fullerton’s CEO Mario Singh is a forex analyst and coach who is especially popular in the Far East.
Here is Mr. Singh’s comment on the new partnership: “Many retail traders are drawn to the notion of copy trading mostly due to a lack of time. With Mirror Trader and RoboX, we are excited to present a new opportunity to our traders who want to generate consistent returns by following top traders without actually getting their feet wet in studying market movements.”
Last added to the list of brokers supporting Tradency’s mirror trading solutions, Fullerton Markets is a young NZ-regulated straight-through processing (STP) broker that provides trading in forex and CFDs. It offers a single account type with leverage up to 1:500 and tight variable spreads. Except Tradency’s copy trading platforms, the broker offers the most widely used forex trading platform, MetaTrader 4.