Takeprofit Tech, a Russian technology provider to the trading industry, announced its partnership with forex broker Orbex Limited on Thursday, offering risk management solutions.
The press release shared with Finance Magnates detailed that Orbex integrated the Takeprofit Max Position Exposure plugin on MetaTrader 4 trading platform, which will allow traders to set desired limits for open positions, ensuring that they do not exceed the acceptable limits.
Commenting on the partnership, Orbex’s Head of trading operations, Laith Musleh, said: “Takeprofit has provided us with the latest and most advanced Risk Management solutions available on the market right now, and it was a pleasure to work with such a professional team. This partnership will help us go the extra mile in ensuring a safer and more reliable trading environment for our valued clients.”
Orbex offers trading services with multiple assets, including forex, indices, commodities, metals and stock CFDs. The risk management solution will protect both traders and the broker from unexpected market movements.
Demand for Brokerage Technologies Is Increasing
On the other hand, Takeprofit was founded in 2013 and offers an array of technology solutions like Liquidity Hub, Liquidity Bridge, Virtual Dealer and EasyMAM. It operates from the offices in Saint Petersburg and Limassol.
Earlier this year, Takeprofit inked a similar deal with HyperForex to supply multiple technologies. In addition, the company tied with Match-Trade Technologies and Broctagon to enhance its offerings to brokers.
“It’s a pleasure that our tool will assist such an experienced brokerage company and professional team. Max Position Exposure is helpful for the companies that offer clients profitable leverage, as well as for those whose regulator demands to protect traders,” said Valentine Piotrovich, Head of Business Development at Takeprofit Tech.
