Social trading feature was released on Vantage mobile app to help clients copy other experienced trader's trading strategies.
As platforms like eToro, ZuluTrade, DupliTrade, and Naga have already made a name for themselves in the copy trading space, Vantage is also not wanting to be left behind in pushing its social trading services. Recently, the MetaTrader broker launched social trading on its mobile app.
Even though it is known and used by many traders, the concept of social trading remains a favorite feature for sharing forex signals. Plus, recently the popularity of social trading has exploded recently with the influx of retail traders.
Not only Vantage, but other retail brokers are also starting to provide these services either by developing proprietary technology or partnering with third-party service providers. As seen on Moneta Markets, which already offers copy trading with DupliTrade, it has now added ZuluTrade. Additionally, there's Plus500 launching '+Insights', a tool based on big data analytics that's part of the broker's foray into the social trading space.
"As our active investor profile gets younger, our clients have been more willing to explore and adopt innovative trading methods like social trading, going beyond traditional trading methods," said Lian Jie, the Assistant App Marketing Director at Vantage. "At Vantage, we understand how technology and innovation can transcend boundaries, so we have utilized the power of technology in our Vantage App to meet the needs of the next generation and provide a seamless and convenient experience for all our clients."