eToro enables full copy trading experience in the Netherlands
All eToro users in the Netherlands can now Copy Trade, if they wish to, with the full experience.
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.
Admirals launches a unique copy trading service
Copy trading is like a type of automated trading, where positions get copied from the signal provider’s trading account to the subscriber’s trading account.
Exclusive: Admirals sees 53% growth in UK in 2020, launches copy trading
Revenues at Admirals UK came in at £10.2 million in 2020, up 53% from £6.6 million the previous year.
FXCM adds social / copy trading with ZuluTrade
The Traders that customers follow fully explain their strategies and answer questions from fellow investors.
Crypto auto trading firm Coinrule crowdfunds £531K on Seedrs
Coinrule reports 13,000+ investors using its platform globally, and has seen 10x sales growth since launch in January 2020.
Australia’s ASIC investigating copy trading: SMH
ASIC has felt the heat lately to be tougher on the Retail FX and CFD market, after a number of broker bankruptcies.
Spotware to permanently shut down cMirror
Given the popularity of cTrader Copy, Spotware has decided to permanently shut down cMirror.
AvaTrade adds AvaSocial copy trading with Pelican platform
Pelican’s custom-built mobile application will enable AvaTrade’s clients to auto-copy signals, execute trades, chat and analyse performance.
Equiti adds social/copy trading with HokoCloud platform
HokoCloud’s copy trading platform allows traders to replicate any trading strategy without restrictions on trade size.
PrimeXBT adds Covesting copy trading for crypto
Offshore cryptocurrency broker PrimeXBT has announced that it has has officially launched the Covesting copy trading platform.
