DXtrade, the trading platform powering both big-name and start-up FX, CFD, and crypto brokers, has partnered with Pelican Trading to add a copy trading service to its B2B trading solutions.
The move was highly anticipated. Part of Devexperts, DXtrade had previously announced it planned to integrate trade copier services into its platform solution and this collaboration will put the plan into action.
A multi-asset copy trader engine and 9,000+ signals
Pelican builds and maintains white-label copy trading platforms for leading global names, with easy integration and the freedom to customize solutions. DXtrade also prioritizes the same qualities; offering a vendor-agnostic platform, and welcoming partnerships and sponsored features unique to every client. Both firms are known for their white-label flexibility and for allowing end-users to tailor their trading environments.
According to the announcement, the Pelican copy trading will natively function within the DXtrade platform, providing traders with a multi-asset copy trader engine and a network of more than 9,000 signals from within the DXtrade platform.
“A strong demand for a copy trading service within DXtrade”
Mike Read, Director at Pelican, commented: “We are excited to partner with such a great company – who share the same ambitions and as a partnership can offer clients and brokers a full 360-degree service; a high quality executing platform that can access and copy top signals from our Pelican network.”
Jon Light, Head of OTC Platform at Devexperts, commented: “With our recent growth came a strong demand for a copy trading service within DXtrade. We were immediately open to the idea and sought to secure the best service available in the industry for our clients. This has been made possible through our integration with Pelican, undoubtedly one of the biggest and most well-respected copy trading services globally.’’
DXtrade XT added multi-currency support
In May, DXtrade XT added several important enhancements to its newly released version, including data integrity, currency handling, market centers, and fundamentals support.
Initially designed to facilitate trading in US equities and equity options denominated in USD, DXtrade XT went live with assets denominated in multiple currencies as the multi-currency and multi-market platform prepared the soft launch of EU equity (stocks and ETFs) trading.
EU equity (stocks and ETFs) trading will enter a full-scale production launch contingent upon integration with a party of choice of the brokers who adopt DXtrade XT as their primary trading technology.
Devexperts provides brokers with a turnkey solution by coupling DXtrade with market data and the instrument universe sourced from dxFeed for real-time market data availability.
DXtrade XT’s initial support includes cash stocks and ETFs from non-US market centers. Marginal trading of equities and options remains available for US instruments on USD accounts.
The trading platform allows users to have multiple accounts denominated in different currencies and trade instruments denominated in the respective currencies. Commissions and fees are configured in the account’s base currency, with external cash transactions also applied accordingly. According to Devexperts, the upcoming updates will also enhance market analysis capabilities for EU markets through dedicated widgets, ensuring comprehensive support for fundamental analysis.
DXtrade integrated with FXCubic, BizCuits, Resalt.io
FXCubic recently integrated with Devexperts’ DXtrade to strengthen both firms’ respective services toward a turn-key solution as OTC brokers increasingly adopt DXtrade CFD for the sake of efficiency and customization, with a range of features including dedicated iOS and Android apps for every broker.
FXCubic is a renowned specialist in liquidity provision, with over three decades of experience in price aggregation, deep liquidity, and integrated risk management automation services.
With its low-latency software, high-performance liquidity management systems, and risk intelligence solutions, FXCubic’s bridge adds further value for brokers who will now access several user-friendly features that help optimize their time, resources, and profits.
Previously, the white-label platform integrated with other industry names, including BizCuits, a multi-faceted vendor providing trading and risk management tools, IT, customer service, payments processing, and marketing solutions for the Forex and CFD industry.
BizCuits’ solution offers a plug-and-play model for brokers that includes live chat and a chatbot, a knowledge base, AML monitoring, KYC, marketing and advertising, payments processing, CRM, and prop trading. The newly integrated DXtrade platform features built-in trading journals, performance dashboards, responsive charting, a modern user interface, and mobile trading apps for Android and iOS.
In April, Devexperts teamed up with Resalt.io to better furnish startup brokers with a potent combination of CRM and portal integration tools, now with access to DXtrade CFD. Resalt.io leverages offers services ranging from a complete IT and consultancy package to supplementing existing operational capabilities, thus ensuring brokers can scale as their requirements evolve.
