Forex broker FP Markets from Australia has created a platform for social copy trading. Users of the platform will be able to find deals of successful investors and copy them automatically. The copy-trading gives the chance to beginning traders to form trading strategy taking into account the groundwork of more experienced players.
The main advantage of the automated platform is the ability to track trading history to make the right decisions. The system is as simple as possible. You find an investor you like and sign up for it. All other actions the service carries out in an automatic mode. The user has the right to manage the risks and control their own funds.
Popularity of the service at the market is caused by decrease in quantity of the non-professionals in the Forex trading environment. Strategy providers for trading are ranked based on profitability over a certain time period. Platform users can use from 60 currency pairs. Traders also have access to large firm stocks, commodities, cryptocurrencies and stock indices.
Narayan Joshi, director of products, notes the growing interest in such platforms in the Forex and CFD markets, where different financial instruments are combined. FP Markets’ social trading service is great for users with a serious mindset.
The copy trading platform can be used on mobile devices with Android and iOS operating systems. Craig Allison, who heads the European, Middle Eastern and African directions, said about the growth of clients after the innovation. He noted the particular activity of users in social networks, the increase in the number of registrations and the involvement of traders. The main goal of the forex broker is to attract as many interested clients as possible who want to increase their profits and learn how to trade professionally.