PandaTS launches SimpleX trading platform to combat high churn rates in CFD trading
SimpleX was born out of the need to address the challenges faced by new CFD traders. The high churn rates are known to all within the industry.
PandaTS has introduced the SimpleX trading platform, a revolutionary platform that aims to simplify the complex world of trading, making it accessible and engaging for both beginners and seasoned professionals.
The journey towards SimpleX began with PandaTS recognizing the challenges faced by newcomers in the intricate realm of Contract for Difference (CFD) trading.
The industry often witnesses high churn rates, with many newcomers not progressing beyond the initial sign-up due to the steep learning curve associated with trading.
Simplicity should not equate to a dumbed-down experience
PandaTS’s vision for SimpleX is clear: to create a trading platform that simplifies the most intricate aspects of trading while retaining the depth and sophistication that traders expect.
The guiding principle is that simplicity should not equate to a dumbed-down experience; instead, it should engage users and gently guide them into the world of trading.
SimpleX offers a professional and intuitive interface, complete with comprehensive charting options, technical indicators, and drawing tools. These features are pivotal for research, trend identification, and building trading confidence.
SimpleX offers a novel approach to the order entry process
Where SimpleX truly excels is in its innovative approach to position entry and risk management, particularly in the context of CFD trading. Traditionally, beginners grapple with complex concepts such as lot sizes, pip values, margin requirements, stop-loss, and take-profit levels. PandaTS acknowledges that understanding potential risks and rewards before entering a trade is crucial, especially for novice traders.
SimpleX introduces a novel approach to the order entry process. Traders begin by selecting their investment amount, which also serves as an automatic stop-loss level. This streamlined approach eliminates confusion about potential losses. Depending on the chosen leverage ratio, trade size, and pip value are automatically calculated, simplifying the process further. Traders can effortlessly set their take-profit level using a payout multiplier.
This innovative approach empowers traders to enter trades with a clear understanding of potential gains and losses, significantly reducing the time it takes for new registrants to make their first trade. Ultimately, this boosts conversion rates and extends the lifetime value of new clients.
SimpleX goes mobile
The success of the web-based SimpleX platform paved the way for its mobile adaptation, addressing the growing demand for mobile trading. SimpleX on mobile provides a visually appealing, responsive, and user-friendly experience that showcases the platform’s simplicity and professionalism.
For brokers, offering SimpleX on mobile not only attracts a wider range of users but also reduces drop-offs between registration and the first deposit. The mobile version caters to traders who prefer mobile devices exclusively, expanding the platform’s reach and utility.
PandaTS believes that SimpleX serves as an educational tool, helping users transition to full-featured trading while retaining the core charting features they value.
SimpleX combines professional charting features with a gamified interface
PandaTS’s SimpleX platform represents a paradigm shift in the trading landscape. It seamlessly combines professional charting features with a simplified, gamified interface, making trading accessible, engaging, and profitable for all.
With the introduction of SimpleX on mobile devices, PandaTS is poised to redefine the future of trading, offering accessibility, engagement, and simplicity that has already proven to be a game-changer for many. This innovative approach has the potential to revolutionize how traders, both novice and experienced, interact with financial markets, opening up new opportunities and possibilities in the world of online trading.