FNG Exclusive Interview… One of the more interesting and accomplished personalities in the online trading business is Ben Bilski, a former member of the German national swimming team who went on co-found and as CEO build up social trading focused online broker NAGA Group, before leaving the company last year, ahead of NAGA’s merger with CAPEX.com.
So when we reported exclusively last month that Ben had launched a new venture called TRUE Trading, described as the world’s first “trainable” AI DeFi trading platform, it naturally generated a lot of interest – and questions. What’s different about TRUE Trading? Why now?
So we thought we’d go to the source, and ask Ben himself to explain what he’s been up to, what he’s planning, and what TRUE Trading is all about.
FNG: Hi Ben, and thanks for joining us today. Please let us know a little more about your personal journey after nearly a decade building up and running NAGA, to leaving and now founding TRUE Trading.
Ben: After almost 10 years running a $500M+ public listed brokerage, I experienced something most brokers will never admit: the system is kind of broken.
90% of retail traders lose money.
Not because they’re dumb — but because they’re outgunned.
The whole setup is rigged with:
- Confusing user interfaces
- Lagging signals
- Emotional decision-making
- Chart noise
- Paid influencers pushing nonsense
That era is done.
With TRUE, I’m going after the root problem: manual, emotional trading in a manipulated system. We’re replacing that with AI — with an agent that sees what the human eye can’t.
After leaving NAGA and studying Web3 and supporting some successful launches, I knew the next multi-billion trading platform won’t look like MetaTrader. It will feel like ChatGPT — but for markets. And that’s what we’re building.
FNG: What will TRUE Trading be offering? And how is TRUE Trading different from other brokers and crypto trading platforms that we might be familiar with?
Ben: TRUE isn’t another broker. It’s a fully autonomous, AI-native Web3 trading platform built from the ground up to empower the individual trader — not trap them.
We don’t just show you charts and wish you luck. We give you a trading co-pilot.
- You ask: “What’s the best trading setup today?”
- TRUE scans price momentum, news, order books, sentiment, and more.
- It replies instantly with a structured plan.
- You confirm — and it executes, sized, risk-checked, fully automated.
No guesswork. No fear. No manipulation.
And here’s the deeper truth: to make good trades, you need to combine science, fundamentals, technicals, price action, and real-time news — something no human can do alone.
That’s why hedge funds have armies of quants.
With TRUE, that same firepower is now in your hands.
We index entire books, terabytes of market data, and update our AI’s memory constantly using a private cluster of NVIDIA GPUs.
It’s like giving every trader their own personal trading desk from Wall Street — but open, on-chain, and unbiased.
FNG: You’ve decided to set up and run TRUE Trading from Dubai. Is that a function of where you believe the major market for TRUE Trading’s services will be, an indication of where online trading talent now resides, a personal choice, or something else?
Ben: I happen to live in Dubai, but I don’t necessarily run TRUE from Dubai.
The platform is global by design — like any proper decentralized protocol should be. That said, Dubai is a great place to be — the network is superb, the pace is fast, and the innovation mindset fits us well.
But we’re not building for one region.
With our instant wallet connect and AI-first interface, TRUE aims to bring financial access and literacy to the zones that have been left behind — regions where infrastructure is broken or missing altogether.
And imagine this: TRUE speaks every language. It translates our entire trading knowledge base into native comprehension for every user, no matter their background.
That’s the power of AI. That’s the power of decentralization.
FNG: A lot has changed in the online trading business since you left NAGA – a surge of retail prop trading firms, the entry of crypto platforms (like Crypto.com and Kraken) into CFDs brokerage, and a jump in the popularity of crypto trading as digital assets hit all-time highs. How do you see the industry advancing from here – and where do you see TRUE Trading taking its place among industry leaders?
Ben: Let’s be honest — most of what’s out there today is just the same brokerage model with new paint. Prop firms, CEXs, signal groups — ultimately self-trading without proper information, over-leveraged and full of hope rather than confidence.
It’s a guessing game, and the house always wins.
TRUE is not a step forward. It’s a leap. We’re replacing the entire stack — GUIs, dashboards, and price charts — with a chat-driven AI agent that:
- Understands markets like a quant team
- Reacts in milliseconds
- Learns from the crowd
- Executes with surgical precision
- And does it all transparently, on-chain
We’re not trying to be better than brokers.
We’re making them obsolete.
FNG: What else can we expect to hear from TRUE Trading in the coming months?
Ben: We’re just getting started.
In the next few months you’ll see:
- Our funding round with progressive pricing, full transparency, and strategic early backers
- A first look at our TRUE Agent, live and trading via voice and text
- The launch of our own AI-optimized Solana Layer 2 for high-speed, low-cost, scalable trading
- The rollout of our copy trading engine, where creators earn 1 USDC per copier per trade — turning skill into scale
- Strategic partnerships across crypto, DeFi, and AI
