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New Regulated Social Forex Trading Network TradeCrowd Emerges

TradeNext, the UK-based Forex and CFD broker, has been on a roll lately and today the news popped out that the company is introducing a social trading network – TradeCrowd

 
As any such platform, TradeCrowd aims to bring together newbies and more experienced traders, but this, I guess, would not be sufficient to entice you to the network. This service puts the stress on the unity of news content, communication with others and Forex trading. The idea is for you to be able to get only the information relevant to your trading into the news feed and to get the adequate advice from fellow traders. For that matter, it's interesting that the platform promises a trader not only to follow people but also to follow particular instruments.
 
The registration can be done directly through the website or through one's profile on Facebook and Twitter. The platform says that one can sign up for free but at this point only a live account with TradeNext can be opened. This means that you can trade with various assets, not only Forex, without any commission and with a leverage of up to 200:1.
 
Talking about the relationship between TradeNext and TradeCrowd, let's say that TradeCrowd Technology Ltd is an appointed representative of the broker. More importantly, the social platform has obtained registration (607527) from the Financial Conduct Authority (FCA) as a Financial Services Firm. This is really remarkable as it signifies a continued push by social Forex platforms to get regulated. You perhaps recall that in July this year, TradeSlide the online expert in trading performance assessment, also made a move to get some form of regulation from the FCA. TradeSlide, however, secured a license as a money manager.
 
Although the registration with the FCA entails a certain amount of red tape and financial formalities, it surely brings along a major advantage: credibility boost. Forex trading is very risky and traders (let's admit it) will appreciate any extra piece of safety and protection.
 

About Tradenext Limited

 
Tradenext is an Indian-owned firm that has built a strong hold in the global trading and forex markets. The firm has been nurtured on the four pillars of Integrity, Trust, Excellence and Customer First attitude – all essential for a business with core focus on Finance and Investments. Tradenext is authorised and regulated by the Financial Conduct Authority (FCA) registration number 573464.
TAGS: tradenext  tradenext forex broker  tradenext uk  tradecrowd  tradecrowd forex  social forex trading  uk regulation  fca  tradecrowd registration  forex regulation  financial conduct authority  forex trading  forex platform 

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