FNG Exclusive Interview… A recent rising topic of interest in the world of FX and CFDs brokerage is that of social and copy trading. Not a new concept in retail trading, but with a larger (and younger) global audience becoming more used to utilizing social networks for a variety of tasks, more and more brokers are looking at adding social and copy trading for their clients.

After leading broker Vantage launched copy trading on the Vantage App late last year, we thought that now would be a good time to check in with Lian Jie, Assistant Director of App Marketing at Vantage, and see how things are going. Here is what she had to say.

FNG: Hi Lian, and thanks for joining us today. Please let our audience know a little more about how Copy Trading works at Vantage.

Lian: Absolutely! Vantage Copy Trading is an innovative trading feature that allows individuals to automate their trading by copying the trades executed by other traders. Traders with limited experience can now copy the real-time trades executed by seasoned professionals.

Our platform is designed to cater to a diverse audience. It’s perfect for beginner traders who wish to learn from the best in the industry. Even if they have limited time or knowledge, Vantage Copy Trading ensures they can actively participate in the financial markets. Additionally, it’s an excellent option for individuals seeking to diversify their investment portfolio.

Vantage Copy Trading offers numerous advantages over traditional trading. Firstly, it eliminates the need for extensive market analysis and in-depth trading knowledge. By copying the trades of skilled traders, users can benefit from their expertise without having to be experts themselves. Secondly, it provides a hands-free approach to trading, allowing them to save time while still taking advantage of market opportunities. Furthermore, Vantage Copy Trading opens the door to the financial markets for people who might be hesitant to participate. Lastly, Vantage presents a hassle-free, all-in-one trading app, allowing users to seamlessly participate in both regular trading and copy trading with ease.

FNG: What are the main upgrades you’ve made in the current version of Copy Trading?

Lian: With three new functional tabs and the profit-sharing feature, these major updates are driven by the evolving needs of our clients in line with our version of creating an all-in-one trading app.

Three New Functional Tabs

The dedicated Copy Trading tab helps copy traders to discover new signal providers while highlighting them by their historical performance. The Community tab also enhances copy traders’ ability to search and filter for suitable signal providers by their risk appetite, preferred trading asset classes, performance data and other relevant filters. The addition of the new Academy tab provides quick access to essential educational materials like beginner-friendly copy trading articles, and a comprehensive glossary of important terms to begin their trading journey.

Exploring individual signal providers also becomes easier with the updated signal profile page clearly displaying signal providers’ experience levels, average risk band, past trade performance, number of copiers, and the volume of assets being copied.

Profit-Sharing Feature

The new upgrade also allows signal providers to be paid more frequently through the profit-sharing feature, where signal providers can set their profit-sharing ratio to a maximum of 50%. With this information displayed upfront, copiers can have the flexibility to select signal providers based on their preferred profit-sharing ratio.

FNG: Is Copy Trading something that is growing at Vantage, say as a percentage of total client trading activity?

Lian: The response has been absolutely phenomenal! Traders of all levels have embraced this innovative concept with great enthusiasm. Many beginners are thrilled to learn from the seasoned traders and have seen significant improvements in their trading results. Likewise, experienced traders appreciate the convenience to earn extra income by letting others copy trades through our App. Overall, the positive feedback and success stories have been overwhelming, and we are delighted to witness the positive impact Vantage Copy Trading has had on our users’ trading experiences.

FNG: From your experience, what type of traders at Vantage use Copy Trading? Is it mainly new/novice traders? Experienced traders but with less time to actively follow the markets? Is there also an age or geographical element to those who prefer Copy Trading?

Lian: As we see it, there are three main types of traders using Vantage Copy Trading. They are:

1. Traders who are influenced by emotional fluctuations.

2. Traders who lack time to research the market.

3. Beginners

These types of traders may opt to act as followers (copiers) in the copy trading system. On the other hand, those who are more mature and experienced may take on the role of Signal Provider. They have to be well-versed in navigating fluctuating market conditions, managing conflicts, and handling emotions while trading, acting as a beacon for copiers to follow.

Regarding age and geographic factors, there is no specific pattern. Copy trading attracts traders from different age groups and regions worldwide. The accessibility and user-friendly nature of copy trading platforms make them the preferred choice for a diverse range of traders.

FNG: As they progress, how can a Vantage client become someone who is copied (if they so want)? What are the advantages to being copied?

Lian: As a Vantage user, one needs to demonstrate their maturity and experience as traders to become our signal providers.  Once approved as a signal provider, they will be allowed to set their desired profit-sharing ratio. Copiers who follow the trades of Signal Providers will pay compensation based on the agreed-upon ratio, which is derived from the profits they make from copying the trades. This arrangement not only allows Signal Providers to trade for themselves but also motivates them to ensure that copiers benefit from their trading strategies as the earnings of Signal Providers are directly influenced by the success of their copiers.

FNG: What else can we expect to hear from Vantage in the coming months?

Lian: In the coming months, you can expect Vantage to continue its commitment to excellence and innovation on our products. We value users’ feedback and are dedicated to analysing it carefully to identify areas for improvement. Our focus remains on empowering our users with cutting-edge products, delivering a seamless trading experience, and providing comprehensive educational support.

So, we encourage everyone to seize this opportunity and embark on a journey of elevated trading without the typical complexity associated with trading on your own in the financial markets. Whether you’re new to trading or an experienced pro, Vantage Copy Trading empowers you to make smarter trades and potentially achieve better results.