Vantage unveils Copy Trading upgrade with adjustable profit-sharing feature
The Copy Trading app help copy traders to discover new signal providers, highlighting them by their historical performance.
copy trading
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.
Exclusive Interview: Head of IX Social on the app’s latest upgrades
We’re pleased to speak today with Joao Camarneiro, Head of IX Social, to walk us through the app’s latest developments.
eToro enhances stop copy mechanism
eToro is updating its stop copy mechanism so that the copy position will fully close, and any halted stocks will move to the user’s regular portfolio.
FNG Exclusive Interview: Vantage’s Lian Jie on Copy Trading
With a younger audience utilizing social networks for a variety of tasks, more brokers are looking to add copy trading for their clients.
INFINOX launches IX Social 2.0 copy trading app
With IX Social 2.0, users can now choose from a variety of trading strategies that cater to different market conditions and risk appetites.
ESMA provides guidance for supervision of Copy Trading
The briefing includes guidance on the qualification of copy trading services as an investment service, and sets out supervisory expectations.
eToro introduces new feature “Stop Copy and Keep”
Online broker eToro introduces “Stop Copy and Keep” – a new feature that allows you to keep your current assets when you stop copying other investors.
eToro UK sees 2020 Revenues of $42M, 7% of company total
The $41.9 million revenue figure at eToro UK represented about 7% of eToro’s global revenues of $602 million in 2020.
Crypto auto/copy trading firm Coinrule raises $2.2M
Coinrule has grown rapidly over the last 12 months with over 13,000 users trading assets worth £100m every month.
NAGA Group reports Q2 Revenues of $15.3M, up 12% QoQ
Copied trades at NAGA.com grew by 366% to 2.8M in HY21, which also surpassed the entire number of copied trades of 2020 (1.7M) by 64%.
