Chinese fintech software company AGM Group Holdings Inc. (NASDAQ:AGMH) has announced the official launch of FXSC, an online trading education and social trading network platform for forex traders.

Live immediately in Chinese and English at fxsocialcontest.com, FXSC is a virtual social trading platform which provides trading education to users through interactive trading simulation and trading contests. Users can choose and participate available contests and compete for prizes in a real-time streamed, interactive demo trading environment.

Demo trading, also referred as virtual trading, paper trading, or trading simulation, is designed to give users, especially the ones with limited knowledge and skills, a risk-free trading environment to get familiar with the markets and trading tools. Money is virtual, while everything else is same as real trading. FXSC’s innovative features, including tiered trading contests with prizes and incentives, real-time multi-party interaction, etc., offer better experience for all levels of users.

“Today’s FXSC version 1.0 launch marks an important milestone for AGMH as we expand our software application offerings into the trading education market with the launch of a new type of social trading platform. With further development and expansion, we expect to eventually create a multilingual, multi-asset social trading network where users around the world can improve financial literacy and horn trading skills on not only Forex, but also equities, bonds, commodities, options, futures and more,” commented Wenjie Tang, Chief Executive Officer of AGM.

“We have high hopes of the Platform and believe it can evolve into a key line of business for AGMH in the near future,” concluded Mr. Tang.

Incorporated in April 2015 and headquartered in Beijing, China, AGM Group Holdings Inc. is an application software company, currently conducting three main business: 1) accounting and ERP software, 2) fintech software, and 3) trading education software and website service.