The app also enables clients to join a global community to discuss trading strategies and receive market insights. Faizan Anees, co-founder of ThinkMarkets, commented: Copy trading is very popular for clients just starting out on their trading journey. ThinkCopy provides the ability for clients to follow and copy experienced traders via our dedicated mobile app. …
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The supervisory briefing states that regulated firms should be transparent and accurate in their marketing communication, disclosing all costs and charges related to their copy trading services. Offered products must prioritize the clients' best interests, and firms should ensure that traders whose trades are replicated have the requisite qualifications and expertise. ESMA and National Competent…
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Haider Rafique, Global CMO, OKX, commented: In the last year we have added a number of features that make it easy for new traders to follow or learn from other successful traders on the platform. Advancing social trading to include copy trading now adds more utility to the community of traders available to anyone on…
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All of this information is displayed on the ATFX CopyTrade dashboard. There, traders are ranked based on their returns, risk profile and win rate. Professional traders can join the program as a “Provider” which will allow them to earn an additional income. They can do that by providing profitable signals to other traders and getting…
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The FCA regulated arm of Admirals, Admiral Markets UK Limited, reported strong growth in trading volumes in 2020. The company saw 53% increase in revenue at £10.15 million, compared to £6.62 million the previous year Admirals UK also registered profit of £730,257 for the year, up 90% from £384,270 in 2019. The active user accounts…
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ZuluTrade platform establishes rankings of Traders’ performance, making it easier for customers to identify Traders to follow and invest with. The platform also features the current ‘Rising Stars’ with Traders who have had recent successes and are closing in on their all-time-highs. For their trading strategy, customers of the platform can also follow dynamic combinations…
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Craig Allison, Head of Europe, Middle-East and Africa, said: FP Markets Social Trading allows traders to find, follow and copy successful traders automatically. Since its beta launch at the beginning of March, we have experienced huge demand for FP Markets Social Trading with a huge uptake in registrations and increased activity and engagement ratios, especially…
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As previously mentioned, the funding agreement occurred just as NAGA was experiencing a rapid increase in demand spanning all of its business metrics. In February 2021, the broker reported a total trading volume of around $20 billion and passed a milestone of 1 million monthly transactions. On top of this, 37,000 new trading accounts were…
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Transparency is also a key element of copy trading. Traders who allow others to copy their deals provide detailed statistics on their performance. InstaForex has compiled a list of Top 5 copy traders who are selected based on several criteria including account profitability and aggressiveness of strategy. Copy-trading may ease things for new traders and…
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Being part of a global online trading community can provide an invaluable support network. Collaborations, information-sharing and mutual advice can all be accessed through social trading. It also leads to greater trading efficiency, and it serves as an insightful learning environment for new and experienced traders. Social trading requires no personal analysis of the markets, therefore it's…
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