Case Study: NAXEX Web Trading Platform Launch | Fractional CPO
Case Study #4

From Desktop Download to Web Trading Platform

How NAXEX replaced a legacy desktop trading application with a modern web platform, improving conversion by 68% and growing to tens of thousands of users.

Client
NAXEX
Primary Result
+68% Conversion
Industry
FinTech / Trading
MVP Delivery
4 Months
Services Provided
• Product Vision & Roadmap
• Cross-Functional Team Leadership
• Platform Design & Launch
• Conversion Optimization
Summary: Sivan Kadosh led the design, development, and launch of NAXEX’s web trading platform as product and delivery lead. The project replaced a Windows desktop application that required download and installation before customers could begin trading. The team delivered a production-ready MVP with real customers within four months. Visitor-to-first-deposit conversion improved by 68 percent, time to first deposit dropped by more than 50 percent, and customer acquisition costs fell by approximately 50 percent. The platform grew from hundreds of early users to tens of thousands and went on to support hundreds of millions of dollars in customer funds and trading activity.

The Challenge

Before I joined, NAXEX customers had to download and install a Windows desktop application before they could begin trading. This created significant friction at the most critical point in the customer journey.

New users had to complete registration, download software, install it on their computer, and learn how to use a platform designed primarily for experienced traders. The path from visiting the website to becoming an active, depositing customer could take days.

The Core Problem:

The desktop architecture made it impossible to track customer behavior across the full conversion funnel. The company could not identify precisely where customers abandoned the process or which onboarding steps were preventing first deposits.

The company wanted a modern web platform that could eliminate the download requirement, reduce time from registration to first deposit, make trading accessible to less experienced customers while retaining advanced capabilities, and meet strict regulatory and compliance requirements. Management expected the first production version within four months.

My Role

I led the project end-to-end, from initial research through production launch and ongoing optimization. I was responsible for product vision, user research, MVP scoping, customer journey design, UX workflows, development leadership, compliance coordination, integration management, launch planning, and post-launch experimentation.

The cross-functional team included three frontend developers, three backend developers, a development manager, product managers, and QA specialists. I coordinated all of them.

The Strategy

The product strategy addressed three distinct challenges: removing the download barrier, serving two very different audiences, and turning compliance from a blocker into a streamlined experience.

Desktop to Web

Built the platform as a fully browser-based experience. No downloads, no installations. Register, complete onboarding, fund your account, and begin trading in one session.

Simple Mode & Expert Mode

Designed two distinct experiences. Simple Mode helped beginners take their first steps with guided elements and trend-following. Expert Mode retained advanced charts, signals, and full trading controls.

Personalized Compliance

Designed a risk-based onboarding process that adapted verification requirements to the customer profile. Most customers completed a shorter journey without weakening regulatory controls.

Disciplined Delivery

Created a dedicated Scrum team working in two-week sprints with continuous delivery. Product managers worked alongside developers in the same room, using short specs and real-time decisions.

Outcomes

The Impact

The web platform launched with real customers after four months. Within six to eight months it reached full production. Over time, approximately 70% of users migrated from the legacy desktop application.

Visitor-to-Depositor Conversion
+68%
Improvement
Time to First Deposit
Days
Hours
>50% Reduction
Customer Acquisition Cost
-50%
Reduction
Desktop-to-Web Migration
70%
of Users Moved Voluntarily
MVP to Production
4 Months
Real Customers from Day One
Platform Scale
10,000s
of Active Users

Engagement Details

Role
Product & Delivery Lead
Timeline
MVP in 4 months, full production 6-8 months
Team Size
3 FE + 3 BE + Dev Manager + PM + QA
Platform Scale
Hundreds of millions in customer funds

“As VP Product he identified creative ideas, developed sharp strategies and built the road map while focusing on customer experience and business needs.”

Danel Levy — CTO, NAXEX

Why It Worked

The project succeeded because it combined product strategy, user research, regulatory design, and disciplined delivery under a single accountable leader.

01

Replacing the desktop download with a browser-based experience eliminated the single largest barrier in the customer journey.

02

Designing separate Simple and Expert modes matched the interface to each trader’s experience level instead of forcing both into a single compromise.

03

Risk-based compliance personalization reduced verification friction for low-risk customers while maintaining full regulatory controls.

04

A pre-mortem exercise before launch helped the team anticipate failure points before they hit production. The rollout was gradual, not a big-bang release.

05

Building granular funnel tracking into the platform created a continuous optimization loop that drove ongoing improvements in conversion and acquisition cost.

Building a product that needs to convert from day one?

A fractional CPO can lead the strategy, the team, and the delivery.