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UFX launches new online trading platform

New online platform – ParagonEx 4.0 – introduced, which includes innovative trader behaviour tracking technology

New online platform – ParagonEx 4.0 – introduced, which includes innovative trader behaviour tracking technology

Already available live to the company’s clients, UFX, the online forex broker that enables people to trade currencies, announced on February 1 an additional platform that boasts a variety of new features and tools for traders.

The new platform, accessible via web browser and mobile app, has been created in an attempt to enrich trading accuracy and simplify the decision-making process for traders. Its most notable feature, exclusive to UFX.com clients, is MassInsights – trader behaviour tracking technology.

MassInsights is a tool that effectively aggregates real-time market events with a sentiment tool that tracks the behaviour of traders on UFX. The diagnostic feature measures volatility (with upward and downward trends) in real time to ensure customers obtain the most detailed and useful information. MassInsights breaks new ground in refashioning online and mobile trading.

The company is also launching a new bonus system. Combining with the platform, UFX clients will be issued cashback on every position that they open depending on the asset they are trading. The new offering is replacing the old 30 percent welcome bonus on the trader’s initial deposit, which the brokerage was offering new clients.

The managing director of UFX, Dennis De Jong said, “This is much more than just a simple update. We’ve created a whole new platform, combining our revolutionary MassInsights technology with the first real cashback loyalty programme in the online trading industry.”

 

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