FXDD becomes first Retail Forex broker to launch Tradency’s new RoboX algo trading tool

Retail forex broker FXDD Global and financial technology provider Tradency have announced that FXDD will become the first major broker to offer investors access to Tradency’s new RoboX tool.

RoboX is a new algo trading machine based on powerful packages of proprietary trading strategies. These trading packages are accompanied by proprietary risk matching engines which tailor each trader with a bespoke portfolio of packages best suited to their trading preferences and risk appetite.

RoboX correlates traders’ personal risk tolerance and trading styles, determined by a short questionnaire, and a proprietary algorithm that scans Tradency’s portfolio of over one million strategies to create the best packages for both self-directed and institutional traders around the world. 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 trading innovations began with bringing the Forex market its first in-house MT4 bridge, and now further bolsters its industry-leading trading environment by being the first broker to provide its investors access to RoboX.

According to Lubomir Kaneti, director at FXDD Global:

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.

Tradency VP Sales Oz Golan 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. 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.

LeapRate ran an interview with Tradency CEO Lior Nabat at the time of RoboX’s launch in March. More on RoboX can be seen in the following video:

Read Also: