FP Markets Introduces Social Trading Service
FP Markets Social Trading lets users copy the strategies of established investors. The mobile-friendly service is an excellent way to mirror the positions of leading traders with competitive market conditions. For experienced investors, the tool offers an additional revenue stream and an opportunity to educate beginners. Find out how the new service works today.
FP Markets Social Trading
Available on Android and iOS devices, the broker’s new tool is an interactive marketplace for copy trading. FP Markets ranks all Providers based on their profitability so users can view performance history before choosing who to follow. The system also makes it easier for traders to find a Provider that aligns with their risk appetite and trading style.
Users can copy trade on 50+ leading stocks including Google and Amazon, 60+ forex pairs, precious metals, major indices, plus cryptos like Bitcoin. FP Markets Social Trading app is an excellent way to explore new markets with the support and track record of established investors.
Copy Trading Explained
There are several features and benefits of social trading:
- Reduce time spent making decisions with fully automated copy trading
- Mirror successful investors with a demonstrable trading history
- Engage with an active community of online retail traders
- Diversify your portfolio by copying multiple strategies
- Track performance in real-time
- Learn from the best
The broker’s Head of Europe, Middle-East and Africa, Craig Allison, noted “FP Markets Social Trading allows traders to find, follow and copy successful traders automatically. Since its beta launch at the beginning of March, we have experienced huge demand for FP Markets Social Trading with a huge uptake in registrations and increased activity and engagement ratios, especially on social media. We are excited about the emergence of a new class of traders, and their growing interest in Forex Trading and Contracts For Difference (CFDs), who prefer to analyse the performance of experienced traders and replicate their trading behaviour. Adding this functionality to our market-leading pricing and trading conditions, makes FP Markets the go-to broker for both professionals and those who are at the start of their trading journey”
About FP Markets
FP Markets is an award-winning brokerage regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). Headquartered in Sydney, FP Markets offers 10,000+ trading products from currencies and indices to commodities, stocks and cryptocurrencies.
Clients benefit from flexible funding options, leverage up to 1:500 and minimum deposits from A$100. Also available are the industry-favourite MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms – offering a long list of technical indicators, drawing tools and real-time analysis features. This, combined with the latest addition of a bespoke copy trading service, is likely to attract a range of new customers to FP Markets in the coming months.