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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 

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