de | cn | ru

Brokers News

FXPro Introduces SuperTrader: Its Social Forex Trading Platform

 

We had been expecting the launch of SuperTrader, the mysterious new revolutionary tool by Cyprus-based broker FXPro for quite some time and today this new product is a fact. And guess what – SuperTrader turned out to be a cutting-edge mirror trading platform, exactly like we forecast just a week ago. 

 

The launch of the social trading Forex platform comes after a real innovation drive at the broker. In May, the company presented us with Forex Quant, the technology which allows traders to develop their own trading strategies using a simple drag-and-drop method. Then, in June, the company introduced another perk for fans of automated trading: the FXPro Library, full of various bots for the Metatrader 4 and the cTrader platforms. 

 

The broker is now heading into more humane direction and is offering us a really exquisite solution for social trading. 

 

What is the platform?

 

The platform is based on the agency model used by FXPro, which means that the broker is not acting as a dealing desk that could interfere between your trades and the market. Instead, the broker provides all the necessary infrastructure, data and other conditions for convenient and effective trading on the platform.

 

Then, of course, there are the investors who bring their capital – each client of the broker can become an investor, as long as a dedicated SuperTrader account is opened. 

 

There are the signal providers, or strategy leaders, and if you consider this name as rather pretentious think again. That's because all traders who'd like to offer their strategies for copying on the network will pass some rigorous tests themselves, then the team of the broker will test the proposes strategies in a number of ways, so that they can comply with a uniform performance benchmark. 

 

Hence, the followers will be able to chose from a risk-proof set of strategies. By the way, FXPro has gotten even more stringent in its requirements for strategy safety and if a strategy leader fails to meet performance standards of the network, the strategy will be removed from SuperTrader.

 

Remuneration

 

You must already be curious about the reward of the strategy leaders, since they have so many stiff requirements to meet. A good piece of news is that the broker is offering a mixed model of remuneration, something we've seen on Myfxbook's AutoTrade, for example. This means that the leaders get paid for trading activity, i.e., the volume traded by their  followers, as well as for the profits made from their trades. 

 

 

Personal Control

 

Some of you may be wondering about how much they can control in the process: after all, the trades will automatically be copied into one's account. Well, you get to select the strategies to copy – you can pick up to 10 to form your portfolio. The process of selection is very convenient for traders, as they can pick strategies from lists where strategies are classified according to their type  (e.g., swing or scalping) or according to performance success in daily, weekly, monthly, and annual terms. Then, you can set maximum loss and trailing equity stops. In addition, you are able to close positions or quit following a strategy whenever you decide. 

 

Apparently, FXPro is bringing a very interesting product to the Forex stage. 

 

 

About FxPro

 

FxPro is an award-winning Forex broker providing retail and institutional offerings to clients in 150 countries. FxPro offers trading access through a range of platforms including the innovative ECN platform – FxPro cTrader – supported by industry-leading market news and outstanding levels of customer support 24 hours a day. FxPro’s goal is to be the world’s preferred Forex broker and it has become the first choice for Forex traders needing user-friendly market access and superior trading infrastructure.

 

With offices in the United Kingdom, Austria, Cyprus, France, Russia and Spain, FxPro Financial Services Limited is authorized and regulated by the Cyprus Securities and Exchange Commission, under license number 078/07, and operates under the EU Markets in Financial Instruments Directive (MiFID).

 

 

 
TAGS: fxpro  fxpro forex broker  fxpro new product  fxpro social forex  fxpro supertrader  supertrader forex network  mirror trading platform  forex signals  signal copying 

More news about FxPro

Broker Country Regulation Platform Min Deposit Review
US CFTC, NFA MT4, Web,
in-house
$50 Review Website
US NFA, CFTC MT4 $250 Review Website
Cyprus, UK, Mauritius CySec, FCA, IFSC MT4, MT5, Web $10 Review Website
Cyprus, Australia CySec, ASIC MT4, Web,
Mobile app
$100 Review Website
Australia, Cyprus ASIC MT4, MT5,
IRESSTrader
$100 Review Website
UK, Cyprus, Australia FCA, CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
Australia ASIC MT4, MT5 $100 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website
Australia, UK ASIC, FCA MT4, MT5,
cTrader
$200 Review Website

More Forex Brokers News

Vantage Prime will no longer service non-Australian clients

May 20 2019 13:36:39

  Vantage Prime, which is a part of the Vantage FX group, announced it will no longer service non-Australian clients, online media Finance Magnates reported today. The broker’s decision is taken due to regulatory concerns. Read more

Dukascopy warns it has no cooperation with shady broker GCG Asia

May 16 2019 13:29:47

  Swiss forex brokerage and bank Dukascopy has repeatedly warned investors that it is has no cooperation Guardian Capital Asia (GCG Asia) and that the latter is likely involved in a fraudulent scheme. Read more

$75 mln forex Ponzi scam revealed in the US

May 03 2019 16:46:08

The Commodity Futures Trading Commission (CFTC) in the US has filed charges against Florida based Oasis International Group, Oasis Management and Satellite Holdings along with their owners for running a 75 million USD Ponzi scheme, concealed as forex investment program. Read more

Australians lost $86 mln to investment scams in 2018

May 02 2019 17:04:18

Australians lost over 86 million USD to investment scams in 2018 alone – the biggest portion of the almost 490 million USD  in losses from over 378 000 scam reports, the latest report of the Australian Competition and Consumer Commission’s (ACCC) reveals. Read more

FXTM now offers a deposit bonus of up to $5 000

Apr 25 2019 11:10:24

  Global award-winning brokerage FXTM has launched their biggest deposit bonus promotion ever. The broker is now offering an extra 30% back from every amount their traders deposit over a period of 30 days, up to a total of $5,000. Read more

FXTM appoints Han Tan as a Market Analyst for Southeast Asia region

Apr 19 2019 13:28:36

  Global award-winning forex broker FXTM has just announced the appointment of Tan Chung Han (Han Tan) as a Market Analyst. Read more

FXTM gets a license from Mauritius’ FSC

Mar 28 2019 09:59:36

  Award-winning forex brokerage  FXTM (ForexTime) continues its ongoing global expansion. The broker announced it has acquired a license from the Financial Services Commission (FSC) of the Republic of Mauritius previous week. Read more

Fortrade is the first broker to get an ASIC license in nearly 2 years

Mar 20 2019 15:03:35

  Fortrade acquired a financial services license from the Australian Securities and Investments Commission (ASIC), which hasn’t been very welcoming of new retail forex broker applicants lately. Read more

FP Markets launches a suite of cutting-edge MT4 tools for traders

Mar 06 2019 14:31:42

  FP Markets, a market-leading Forex and CFD provider, launches MT4 Trader Toolbox, a suite of twelve online trading tools which will take their clients’ trading to the next level. Read more

Major broker IG launched its US website

Jan 31 2019 13:15:37

  Global brokerage IG launched its website intended for US retail clients (www.ig.com/us). Residents of the US (with the exception of those in Arizona or Ohio) can now register on the broker’s website in less than 5 minutes and start trading. Read more

de | cn | ru