• Home
  • Authors
  • Write for us
  • Advertise
  • Contact
  • Privacy Policy
  • Terms and Conditions
Tuesday, March 9, 2021
No Result
View All Result
ABC Money
PR Fire Press Release Distribution
  • News
  • Business
  • Economics
  • Finance
    • Investment
    • Tax
    • Mortgage
  • Property
    • Utilities
  • World
  • Technology
  • Fashion
  • Health
  • Holidays
  • News
  • Business
  • Economics
  • Finance
    • Investment
    • Tax
    • Mortgage
  • Property
    • Utilities
  • World
  • Technology
  • Fashion
  • Health
  • Holidays
ABC Money
No Result
View All Result
Home Investment

Why You Should go for the ROFX IPO. Spoiler: Warren Buffett May Take Part

by Claire James
23/10/2020

The stock market is not the only market that is going for wild swings these days. Like the ‘Robinhood trading rush’, the clients of forex robo-advisory RoFx enjoy great benefits from the volatility in forex markets today. The service of RoFx is listed first among top forex managed accounts. In the first quarter of 2021, the automated investing software will go to IPO. Based on the company’s sources, pre-IPO investment is scheduled for the recent RoFx users.

We can check the trading stats of RoFx published and verified by the reliable community platform, the platform website, feedback of clients, and reviews to understand the future of this fintech company.

The Story of RoFx

RoFx started its journey in 2009 with a group of forex traders and machine learning developers. The company launched automated trading software and started trading with their private capital. Public access was granted to the trading advisory service of the company in 2010. In 2016, the joint research of economists from Sydney University of Technology, Sun Yat-Sen University, and Simon Fraser University quoted “Computerized algorithms trading at superfast speeds is becoming a dominant trading technology for financial markets in the machine age”.

Forex trading was executed manually in the past but with AI technology development, it was replaced by automated trading operations. As a result, RoFx was able to reach over 50,000 global clients, according to the information provided by the company. At present, the company has offices in the USA, Miami, and Hong Kong apart from its headquarters in London, UK. RoFX does not require regulations from financial authorities but it cooperates with top-tier European, Asian, and American brokerage and clearing firms. These firms are supervised by reliable corresponding regulators.

An expert reveals that RoFX may go public as the company is the target of Warren Buffet. It is known that Berkshire Hathaway is currently in the negotiation process to acquire a major stake.

Generally known for a unique conservative investing approach, there are plans of having a pool of various technology investments. These already include Apple, Amazon, Snowflake and probably RoFx.

Features of RoFX Beneficial for Clients

RoFx offers machine learning algorithm, a client’s risk coverage fund, competitive returns, and 24/7 support that makes this fintech startup different from other robo-advisors. These are the key features of its services which is essential for any investor of any experience level.

User Friendly Interface

It is challenging for forex market beginners to earn profits right away. Usually, beginners struggle for years to learn and understand financial market mechanics. However, RoFx advertises itself as easy to initiate and easy to trade. It offers a user-friendly platform that allows users to trade easier. Moreover, due to the self-learning algorithm, forex traders with any level of experience can find it simple. Crypto enthusiasts can fund in euro, dollar, or even bitcoin with RoFx. It also allows users to get back to their initial deposit whenever they want and they can withdraw funds daily.

RelatedPosts

Advancements of Bitcoin and Cryptocurrency

A Bitcoin Emerges as a Big Boom

Which Gold IRA Companies Are Reputable?

The Forex market starts with Traders Union

Load More

Risk Management

A stable Reserve Fund was implemented by RoFx to cover the losses of its clients. The corporate structure is combined with a tight stop-loss system that covers positions at minimal losses. It is different from most robo-advisors that give the trader a buy-and-live-with-it option. Not using leverage is another unusual principle for financial services these days. Most fintech software providers make clients pay extra for full margin and exposure to additional risks. However, RoFx manages to generate cash flow to encourage and support traders and developers.

Client Oriented

It is not possible to surprise anyone with 24/7 support. However, it is a must to have such an option if the company is entrusted by the customers to manage their savings. Apart from round the clock support and convenient withdrawal procedure, you should note the company reward structure transparency separately. Based on the account type, RoFx charges a performance fee. The Advanced Compound Trial comes with a minimum balance of $1000 and a 50% performance fee. The Advanced Compound VIP Package starts from $100,000 and a 5% performance fee. This fee structure is convenient for both beginners and professional traders.

The Strategy of RoFx to Multiply Your Savings

Usually, it is difficult to understand how AI-controlled trading works. Based on the Myfxbook trading status of the RoFx verified page that updates daily, the key takeaways from the RoFx performance can be highlighted:

  • With average daily profits of 0.38%, the losses are covered by the Reserve Fund, which is very impressive and a big reason to charge high performance fees.
  • 81% of trades managed by RoFx are profitable.
  • The AI trading system can go long and short on major forex pairs. However, better results were displayed in the Brexit environment by shorting the British pound in the United States dollar. Compared to EUR/USD trading, the winning rate in GBP/USD is 2% higher.

Conclusion

The forex market is crowded by passive income, investment, and robo-advisory software. The majority of professional traders use the in-house automated trading software powered by AI known as black boxes. It is a professional approach to make the black box available for retail investors. Since machine learning is being developed and the demand for automated trading decisions is increasing, the assets under management of RoFx grow, and the business shows the potential to shine.

RoFx seems to be a bit smaller than other passive investment competitors such as multibillion Acorns, Bloom, and Robinhood. However, if you consider the fact that RoFx goes public, it places the company alongside these companies mentioned above.

The groundwork to develop a better financial product is expressed in high profitability for its clients. The clients and potential customers of RoFx give the company credit for its impressive stats, a customer-oriented approach, and transparency.

Previous Post

Switch Success: How Knockdhu Distillery Swapped Oil for Gas

Next Post

New camera dedicated to the world of creatives - introduced by IPEVO

Related Posts

Advancements of Bitcoin and Cryptocurrency
Investment

Advancements of Bitcoin and Cryptocurrency

08/03/2021
A Bitcoin Emerges as a Big Boom
Investment

A Bitcoin Emerges as a Big Boom

08/03/2021
Which Gold IRA Companies Are Reputable?
Investment

Which Gold IRA Companies Are Reputable?

08/03/2021
Next Post
New camera dedicated to the world of creatives – introduced by IPEVO

New camera dedicated to the world of creatives - introduced by IPEVO

How the Nostalgia Trend is Driving Sales of Personalised Products

How the Nostalgia Trend is Driving Sales of Personalised Products

Neil Debenham

How to add value to your business by Neil Debenham

Latest News

Advancements of Bitcoin and Cryptocurrency

Advancements of Bitcoin and Cryptocurrency

08/03/2021
A Bitcoin Emerges as a Big Boom

A Bitcoin Emerges as a Big Boom

08/03/2021
Protect Your Retail Store with These Easy Steps

Protect Your Retail Store with These Easy Steps

08/03/2021
Blinds, Types and Materials Used: You Must Know

Blinds, Types and Materials Used: You Must Know

08/03/2021
5 ways attackers exploit your resources

5 ways attackers exploit your resources

08/03/2021
POST-PANDEMIC READINESS

POST-PANDEMIC READINESS

08/03/2021

Social

Contact

For editorial enquiries:

editorials@abcmoney.co.uk

For advertising enquiries:

advertise@abcmoney.co.uk

Top Topics

  • News
  • Business
  • Finance
  • Property
  • Technology
  • Investment

Guides

  • Best UK Bridging Loans
  • Best UK Secured Loans
  • Best UK Commercial Mortgages
  • Best UK Business Loans
  • Best UK Payday Loans
  • Best Sites for International Money Transfers
  • Best Press Release Distribution Service

Social

  • Home
  • Authors
  • Write for us
  • Advertise
  • Contact
  • Privacy Policy
  • Terms and Conditions

© 2020 ABC Money

No Result
View All Result
  • Write for us
  • Contact
  • About Us
    • Authors
  • News Desk
    • Business
    • Finance
    • Property
    • Technology
    • Investment

© 2020 ABC Money

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.