6.) Oftentimes, technology providers have the potential to exhibit acute security vulnerabilities that can hurt client’s business, what sorts of improvements does NAX have to account for this?
Security and stability of the platform is one of our primary goals. Our service architecture has been built in a way where we control all communication points between customer and platform and apply all needed filtrations and security checks for them. Some most vital parts of our platform can’t be accessed from outside and located in ethernet being accessed only by platform itself.
Another part of high security level keeping is a regular monitoring and updating of server software. There is no ideally secured soft in the world (recent Heartbleed vulnerability disclosure is an example) but when critical vulnerability is disclosed, engineers need to install a patch from software vendor as soon as possible.
7.) Can you compare the NAX Trading Module to other traditional means and how does NAX maintain a competitive edge against other providers?
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NAX Trader’s main advantages are extreme modularity and flexibility. When I talk about modularity, I mean the fact that you can combine any type of modules with each other and get very interesting results. For example, what do you think about PAMM service for Binary Options? Or social trading for cryptocurrencies? Or maybe you will be interested in binary trading on cryptocurrencies?
When I talk about flexibility, I mean the fact that all our trading modules provide to traders more trading options that any another trading platform. For example, at our platform we do not have any pre-set currency pair. Trader can make its own one by determining of domestic and foreign currencies. In such a way for example, he can use for trade USD/EUR, or more exotic HUF/JPY.
We can also take a look on our Binary Options module. It does not provide traders some fixed expiration times and price levels with some fixed payout rate. Each trader can choose its own options type, expiration time and price levels and will get a payout rate that will be calculated by platform “on fly”.
8. What is the impetus behind this modularity and has there been a swell of client demand?
High competition between brokers forces them to run innovative and interesting services for clients. We can see how social trading changed vision on classical Forex trading and money management in it. Development speed and its quality in our company allows us to run many interesting and innovative services, so why not?