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FxOpen launches FxStat Tradebook, a social automatic trade service

FxStat Tradebook, a social automatic trade service for traders, is now available for FXOpen clients at no extra fee.
FXOpen, one of the world’s leading FOREX brokerage companies, is pleased to announce the integration of FxStat Tradebook, a new social automatic trade service that allows traders to follow the activity of the FxStat traders that have the best performance.
Through Tradebook, traders can start executing their trades and achieve success. Clients can choose the traders they want to follow according to their strategy and their results, while still having complete control over their portfolio and investments. FXOpen clients can use FXStat Tradebook with newly-created FXOpen accounts (via FXStat IB) with no additional commission or mark-up on spread charged, and with already existing accounts (via PAYG).
FxStat Tradebook also provides a platform for traders to analyze the signal providers, trades and strategy of each trader that wants to become a signal provider before accepting the clients request to become a signal provider, and they must comply with a couple of terms and conditions. If the trader doesn't respect FxStat Tradebook strict code of practice and trading rules, their application will be rejected.
Further features of FxStat Tradebook include:
- The ability to manage several accounts from one place
- Create a portfolio by pooling together the top performing currency from each strategy provider
- Over 150 detailed statistics and analysis to assist traders in the selection of strategies
- Real time (low latency) order processing from signal provider to signal follower
- Receive email notifications on each activity including buy, sell, close and orders
- Receive daily, weekly and monthly trading reports on each account
- Real time position monitoring
- Close open positions manually from a web based platform
- Full control over your trading accounts (add and remove signal providers)
- Real traders with real money and real accounts providing signals
- Economic calendar
- Forex market news
- Forex market trading time
"The FxStat team are working continuously to provide traders with innovative features that help optimize their trading. Our autotrading platform is proving to be a valuable instrument for traders. We have developed means of identifying “market leaders” using statistical information including risk, probability and return. All our market leaders trade on real accounts using real money, - comments Sarmad Daneshmand, FXStat CEO - "Our technology also proved its stability and connectivity for our market leaders and processing signals from leader accounts to followers in the minimum amount of time enabling signal followers to mirror trades with less than 1.1 second delay. Unlike other autotrading service providers, FxStat ensure that signal followers are in control of their slippage by giving them access to a slippage management tool in the autotrading platform where they can set the maximum price difference they prefer when mirror trading. It is great that we can now offer this valuable service to FXOpen clients who can take advantage of FxStat autotrading platform for free on new standard accounts."
About FxOpen
FXOpen is one of the world’s biggest retail FOREX companies with more than 217,000 active accounts (Micro, Standard and ECN) and over $65 billion in traded volume passing through its platforms on a monthly basis. It provides its clients with everything necessary to get the most and the best from FOREX trading: advanced trading technology, reliable order execution and dedicated support. With the introduction of the first ever MT4 ECN trading platform coupled with PAMM accounts the Company solidified its position as a MT4 technology innovator and the driver of the market development.
About FxStat
FXStat is a leading Global Financial trading and analytics service, offering traders worldwide detailed comprehensive analysis of their trading activities and the ability to share their trading skills and expertise through an online networking service. The FX Stat technology allows dynamic position monitoring and analysis of data in REAL TIME to enable traders to monitor and analyze open positions. FX Stat Tradebook provides traders with the opportunity of mirror trading and signal following. FX Stat is the first independent social statistics provider that allows traders to execute trades in their accounts in real time having followed the signals of fellow traders. FXStat products and services are compatible with the MetaTrader 4 platform
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TAGS: fxopen  fxstat  social trading  social forex trading  social forex 

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