Spotware to permanently shut down cMirror
Given the popularity of cTrader Copy, Spotware has decided to permanently shut down cMirror.
Copy Trading, also known as social trading or mirror trading, is an increasingly popular service being offered by FX and CFD brokers, allowing (mainly) beginner and novice traders to copy the trades of more experienced traders. Thus the inexperienced traders get the benefit of the moves made by more seasoned traders, and the experienced traders can earn extra money via (usually) a percentage of the profits of those who copy them.
The FX broker which facilitates the copy trading service makes money via the increased spread revenue generated by higher trading volumes.
Copy trading is often offered via third party or white label platforms which integrate different copy trading related tools such as chat, portfolio balancing and trade sizing.
FX brokers which specialize in copy and social trading include eToro, NAGA.com, and Darwinex. A leading white label provider of copy and social trading services to FX brokers is Pelican Trading.
Given the popularity of cTrader Copy, Spotware has decided to permanently shut down cMirror.
Pelican’s custom-built mobile application will enable AvaTrade’s clients to auto-copy signals, execute trades, chat and analyse performance.
HokoCloud’s copy trading platform allows traders to replicate any trading strategy without restrictions on trade size.
Offshore cryptocurrency broker PrimeXBT has announced that it has has officially launched the Covesting copy trading platform.
cTrader Copy was introduced by Spotware in 2018 as an overhaul of its mirror trading platform known as cMirror.
Moneta Markets (at monetamarkets.com) was established as a separate brand by Australia based Retail FX group VantageFX.
MetaTrader tech solutions provider Tools for Brokers (T4B) has announced the update of its Groups exact copier MetaTrader 5 (MT5) plugin, […]