A new announcement came of Wednesday from the retail forex broker FXDD Global and his business partner, financial technology provider Tradency, that FXDD is about to become the first important broker to offer investors new RoboX algo trading tool.
RoboX is a fresh new algo trading tool, containing sophisticated packages of proprietary trading strategies. Together with them the customers are provided proprietary risk matching engines tailored for each trader with a bespoke portfolio of packages following their trading preferences and risk appetite.
RoboX monitors traders’ risk tolerance and trading styles, according to a short questionnaire, and uses a proprietary algorithm, checking Tradency’s vast strategies portfolio to adapt the best packages for both self-directed and institutional traders globally. Each package is automatically updated by Tradency’s unique algorithm to ensure only the most suitable strategies are available for each investor’s trading style.
FXDD’s has already showed an innovations-friendly attitude, when the broker started to use its first in-house MT4 bridge, and now continues in this activity as it showed its will to be the first retail broker to provide its clients access to RoboX.
Lubomir Kaneti, director at FXDD Global, stated:
“FXDD Global’s is committed to creating the best trading environment for our clients and ensuring they have the technology they need to be successful. 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.”
VP Sales Oz Golan, VP of Sales at Tradency, said:
“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. 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.”
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