Devexperts
has unveiled a new community feature for its AI trading assistant Devexa,
enabling brokers to host secure social environments where traders can interact
without leaving their trading platforms.
The feature
aims to keep traders engaged within brokers’ ecosystems rather than migrating
to external platforms like Discord or Telegram for market discussions.
Forget Telegram and
Discord – Trade and Chat in One Place
The new
functionality allows traders to exchange investment ideas and discuss market
movements in a controlled environment verified by their broker, addressing
security concerns common on third-party communication platforms.
This move
is a clear attempt to keep traders directly on the platform and take a share of
the massive market dominated by popular communication apps, which bring
together hundreds of thousands, if not millions, of investment enthusiasts.
“Devexa’s
new community feature will enable brokers to provide traders with the
opportunity for interaction and community-building they seek, with a number of
key advantages,” said Jon Light, Head of OTC Platform at Devexperts.
“The safety of interactions is amplified for those using the Devexa
community feature, compared to other popular communication platforms.”
According
to Devexperts, Devexa’s community feature creates a secure space exclusively
for a broker’s clients. Traders can share insights through multiple formats
including voice messages, videos, PDFs, and text.
Will Prop Firms Replace
Discord with Devex?
Devexperts
claims prop firms can leverage the new tool for enhanced team collaboration
with dedicated strategy rooms.
The prop
trading industry is dominated by Discord—every company in this sector has its
own Discord channel, where it officially communicates with clients.
Devexperts,
whose DXtrade gained significant popularity in the prop industry last year, now
aims to offer an alternative solution. The question remains, however, whether
it can succeed in challenging the dominant player.
Keep Your Traders Engaged
Moreover,
the company calls public forums dangerous, highlighting that they are full of
“scammers, competitors, and unverified users” who can influence the
quality and direction of trading discussions. Importantly, there is some truth to this. Telegram, along with WhatsApp, tops the list of apps where traders most frequently lose money due to scams. A joint survey by Finance Magnates and FXStreet a year ago revealed that this issue affects as many as 60% of traders using these platforms.
For
brokerages, the tool offers retention benefits by keeping users engaged within
their platforms rather than losing their attention to external social sites.
The feature also enables compliance monitoring of discussions, something
brokers cannot achieve when clients use third-party platforms.
Beyond
basic communication capabilities, brokers can implement specialized engagement
tools through Devexa including real-time event threads, collaborative analysis
sessions, live Q&A breakouts, and community competitions.
Devexperts,
founded in 2002, develops software for financial markets with its flagship
DXtrade platform serving various financial institutions. The company employs
over 800 engineers across offices in the US, Europe, and Asia.
Devexperts
has unveiled a new community feature for its AI trading assistant Devexa,
enabling brokers to host secure social environments where traders can interact
without leaving their trading platforms.
The feature
aims to keep traders engaged within brokers’ ecosystems rather than migrating
to external platforms like Discord or Telegram for market discussions.
Forget Telegram and
Discord – Trade and Chat in One Place
The new
functionality allows traders to exchange investment ideas and discuss market
movements in a controlled environment verified by their broker, addressing
security concerns common on third-party communication platforms.
This move
is a clear attempt to keep traders directly on the platform and take a share of
the massive market dominated by popular communication apps, which bring
together hundreds of thousands, if not millions, of investment enthusiasts.
“Devexa’s
new community feature will enable brokers to provide traders with the
opportunity for interaction and community-building they seek, with a number of
key advantages,” said Jon Light, Head of OTC Platform at Devexperts.
“The safety of interactions is amplified for those using the Devexa
community feature, compared to other popular communication platforms.”
According
to Devexperts, Devexa’s community feature creates a secure space exclusively
for a broker’s clients. Traders can share insights through multiple formats
including voice messages, videos, PDFs, and text.
Will Prop Firms Replace
Discord with Devex?
Devexperts
claims prop firms can leverage the new tool for enhanced team collaboration
with dedicated strategy rooms.
The prop
trading industry is dominated by Discord—every company in this sector has its
own Discord channel, where it officially communicates with clients.
Devexperts,
whose DXtrade gained significant popularity in the prop industry last year, now
aims to offer an alternative solution. The question remains, however, whether
it can succeed in challenging the dominant player.
Keep Your Traders Engaged
Moreover,
the company calls public forums dangerous, highlighting that they are full of
“scammers, competitors, and unverified users” who can influence the
quality and direction of trading discussions. Importantly, there is some truth to this. Telegram, along with WhatsApp, tops the list of apps where traders most frequently lose money due to scams. A joint survey by Finance Magnates and FXStreet a year ago revealed that this issue affects as many as 60% of traders using these platforms.
For
brokerages, the tool offers retention benefits by keeping users engaged within
their platforms rather than losing their attention to external social sites.
The feature also enables compliance monitoring of discussions, something
brokers cannot achieve when clients use third-party platforms.
Beyond
basic communication capabilities, brokers can implement specialized engagement
tools through Devexa including real-time event threads, collaborative analysis
sessions, live Q&A breakouts, and community competitions.
Devexperts,
founded in 2002, develops software for financial markets with its flagship
DXtrade platform serving various financial institutions. The company employs
over 800 engineers across offices in the US, Europe, and Asia.
This post is originally published on FINANCEMAGNATES.
