Covesting Fund Management Module on PrimeXBT

10 July 2020

The moment so many Covesting users have been waiting for is finally here: the Covesting Fund Management Module Beta is officially now live on the PrimeXBT trading platform.

Last year, PrimeXBT announced a B2B partnership with the Covesting team, who has been developing the project since the company’s inception. Now, the Covesting Fund Management Module beta is ready for users to try for the first time.

What the Covesting Fund Management Module Offers The Trading Community


The innovative new tool is unlike anything else found in the cryptocurrency market, and allows traders with high experience levels to create funds for new investors to invest in.

The end result has the two categories of traders profiting alongside one another, in a synergistic and significant way.

Imagine being able to invest into the trades of a legendary professional trader such as Peter Brandt, and being able to profit from the positions and trades he takes based on his over 40 years of trading and technical analysis experience!

Investors, or new traders looking to utilize and leverage the knowledge and experience of more sophisticated traders, can simply invest in one of the many top trader’s funds, and sit back to watch profits pile up at the hands of the more experienced trader’s strategies.

Fund managers earn a profit share of any earnings generated, and investors let their money and other traders do the work for them. The better the public performance rankings of each fund and the more the trader markets the fund to their followers, the larger the overall earnings can grow for all parties involved.

Covesting has created a unique peer-to-peer environment, designed to allow any trader to start his or her own career as a fund manager. However, because all traders of varying experience levels will be allowed to create a fund involving margin trading, these investments carry additional risks. All investors are recommended to conduct extensive analysis prior to investing into any fund on the Covesting Fund Management Module by reviewing performance in the Rating section.

It is important to understand that even the most successful traders cannot guarantee future profits, thus diversifying investments across multiple funds is the often the most effective and risk-averse strategy.

Covesting and PrimeXBT will enable investment functionality later this year.

Report Bugs and Make an Early Name for Your Fund


PrimeXBT is launching the Covesting Fund Management Module as a beta program to start to a subset of users.

Their goal is to allow these early beta users to thoroughly test the platform out to help discover and report any bugs on the platform, as well as being able to get an early start on creating a fund.

Beta testers interested in helping to shape and improve the platform through bug reporting can contact PrimeXBT via 24/7 live support chat, and report all details of the bug for consideration.

In addition to letting users try out the system early, the best part about the Covesting Fund Management Module beta phase is that it allows fund managers to get an early jump start on creating a fund, boosting performance ratings, and being fully ready for investors when the flood gates open on the full launch phase.

Fund Management Module Joins Other Profit-Generating Tools on PrimeXBT


PrimeXBT and Covesting clients interested in registering for the Covesting Fund Management Module beta, must first be a registered user of the PrimeXBT platform.

After registration, users may request early access to the Covesting Fund Management Module beta by entering their email address here.

Users with access to the beta program will be able to Create a Fund, Manage a Fund, view public Ratings, and access Portfolio performance data. During the beta phase, no investments can be made to allow ample time for performance tracking to take place so investors can make informed decisions about which funds to choose.

The Covesting Fund Management Module beta is now available on PrimeXBT. Register for the Covesting Fund Management Module beta today and let us know in the comments what you think about the new tool!

#source

Share:


Related

Is it Easy to Learn Forex? A Comprehensive Guide to Mastering Forex Trading

Is it Easy to Learn Forex? A Comprehensive Guide to Mastering Forex TradingForex trading is a captivating endeavor, promising both active and passive income streams. Yet, mastering forex is a continuous journey that transcends expertise levels, be it a novice or a seasoned trader...

26 Jan 2024

NordFX: Earning the Title of Best News & Analysis Provider for 2023

NordFX: Earning the Title of Best News & Analysis Provider for 2023In a resounding victory, NordFX, a prominent brokerage firm, has been crowned the "Best News & Analysis Provider" of 2023...

22 Jan 2024

Unlock Global Trading Opportunities with Errante

Unlock Global Trading Opportunities with ErranteErrante, the premier online broker, is dedicated to delivering top-tier services and forging long-lasting, trust-based relationships with our clients. Our mission is to enhance your online trading journey...

18 Jan 2024

Three Popular Gold Trading Strategies When Trading Gold CFDs

Three Popular Gold Trading Strategies When Trading Gold CFDsGold, a precious metal revered for its value for centuries, has found its place in the world of trading. Trading gold has become a popular way to invest in the commodity market...

16 Jan 2024

Mega Super Lottery 2023 New Year's Draw: Another $50,000 Drawn

Mega Super Lottery 2023 New Year's Draw: Another $50,000 DrawnSince 2021, NordFX, a renowned broker in the financial markets, has been captivating its clients with the annual Super Lottery, boasting a staggering prize pool of $100,000...

11 Jan 2024

Exploring the Advanced Features of FXTM's MetaTrader 5 Platform

Exploring the Advanced Features of FXTM's MetaTrader 5 PlatformIn the dynamic world of online trading, staying ahead with cutting-edge technology is crucial. FXTM’s MetaTrader 5 (MT5) platform, the brainchild of MetaQuotes Software...

9 Jan 2024

Suggested Forex Nominations

All Nominations 2024