The emergence of social trading has been praised for knocking down some of the barriers to financial markets inclusion. Social trading allows traders to copy and execute on the strategies of their peers, thus making trading more accessible to less-experienced traders.
Social trading works on the same basic principle as social media – a social trader may choose to follow another trader’s profile, where their trading activity would be broadcast on a live feed, with an option to copy their trades. The incentive for experienced and successful traders to share their strategies, is that they are often rewarded financially as well as status – social trading networks will typically have a leader boards based on popularity and success rate.
Vantage FX offers Duplitrade for users who want to participate in Social Trading. When you connect your Vantage FX account to DupliTrade, you gain access to a folio of hand-picked prop traders. Then, you simply choose the traders you want to copy based on their performance, strategy and trading style, and their trades will be duplicated on your Vantage FX MT4 or MT5 account. Now, all Vantage FX clients can start to diversify their portfolio by duplicating the trades of proprietary traders, trading their own accounts with real money!
So, whether you’re a beginner learning the basics of trading, or you simply don’t have time to watch the markets, we have a trading solution to suit your needs.
OnsaFX, a regulated, global & zero-commission broker, is strengthening its presence in Africa by preparing to enter the Ghanaian market.