BDSwiss launches proprietary trading analytics tool

abdelaziz Fathi

Multi-regulated FX and CFDs broker, BDSwiss has launched a new trading analytics tool to provide investors with valuable insights when tracking and analyzing risk and performance across their portfolios.

Dubbed ‘Trade Companion,’ the latest addition to BDSwiss’ trading tools arsenal was designed to provide traders with the insights they need to monitor, analyse, and improve their personal performance.

The tool, which further enhances BDSwiss’ responsible investment capabilities, also collects individual trading data and creates a comprehensive view of one’s trading history and patterns.

These metrics could improve win and loss rates by performing in-depth analysis of which market sessions, trading times, and orders types are best suited for traders’ trading strategies.

Trade Companion, which was developed internally under the direction of BDSwiss Business Intelligence team, is now available exclusively to BDSwiss VIP/Raw account holders.

The system applies advanced data science and quantitative analysis to disaggregate trade datasets, allowing the tool to generate a holistic score for trading habits, best and worst trades, best performing markets and much more.

Leveraging highly-interactive data visualization technology, this analytics solution offers several analytics views that are available for immediate use, with the ability for users to customize their analysis using a wide range of filters.

Trade Companion gives traders an overview of which assets were traded the most, which resulted in either wins or losses over a certain timeframe and payout ratios. Additionally, the tool discovers the impact of market opening times, duration and profitability of open trades, order types, and more. Having access to a visual representation of such insights helps identify what elements of one’s strategy need to be tweaked.

A built-in alert function with the ability to set limits to highlight changes in benchmark scores also allows BDSwiss clients to closely monitor and track movements.

BDSwiss is a multi-asset broker

BDSwiss Chief Commercial Officer, Manos Iosifakis commented on the launch: “We all tend to have a biased view of our own performance. Our decision-making is less rational than we think, and that’s where Trade Companion comes in. Trade Companion can be seen as a virtual private trading mentor of sorts, and we are delighted to be offering our clients a unique tool that enables them to gain deep personal insights into their own trading patterns and performance so they can establish more successful habits.”

BDSwiss Group is a multi-asset broker that has been operating since 2012. The brokerage firm itself was established in Zurich, Switzerland, yet its group of companies operates in several jurisdictions and now serves clients in over 180 countries.

BDSwiss is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 199/13. This regulatory status offers a cross-border approval that permits the company to provide investment services within the European Economic Area (EEA) zone.

In addition to its primary authorization by CySEC, BDSwiss holds other licenses to serve clients from different jurisdictions. This includes approvals from the financial services regulators in Mauritius and Seychelles.

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