NordFX, a retail investment and multi-asset trading broker, announced the launch of its risk allocation management model (RAMM) platform today. The new platform appears to be based on institutional risk management systems and, as its name suggests, aims to enable users to have greater control over their risk management capabilities.
It has been a busy 12 months for NordFX. Usually regarded as more conservative, the firm has spent most of the past decade focusing its efforts on currency pairs and precious metals. The past year has seen a shift away from this focus as the firm has launched a new investment service and added cryptocurrencies to its product list.
Today’s release will see a whole new trading platform becoming available to NordFX clients. RAMM will allow them to engage in several trading strategies simultaneously and from one account. Those trading strategies can either be pursued independently or with help from advisors.
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Most significantly, the platform has built-in capital protection systems that the user can tweak according to their risk appetite. Once the level of capital protection set by the user is breached, trading automatically ceases.
Clients with existing accounts can already start to use the service. To gain access to RAMM’s trading services, clients must deposit a minimum of $50. If they want to act as an investor instead, then they only have to deposit $10.
NordFX, which does not appear to be regulated, enables users to trade with leverage ratios of up to 1:1000. It is likely because of this that the firm had 1.5 million users on its books last year.