June 20, 2021

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Social trading tools or networks

2 min read
Social trading tools are referred to as platforms that allow investors to copy financial transactions to their trading account.
Social trading tools or networks

Social trading tools are referred to as platforms that allow investors to copy financial transactions to their trading account. Some of those networks include: eToro which is a cyrptocurrency platform, is both a broker and social trading network focusing on novice investors. It educates by providing a friendly easy to use interface that has a fully functional demo. Zulu Trade is the largest social network according to their number of investors. Those in the industry are offering support, social interactions possibilities with a free fully functional demo to multiple brokers whether new or not. All the transactions within here is regulated in the EU and Japan.

Ayondo is a stable social network

Ayondo is a stable social network based in Germany but spread across Europe by being the first network that offered auto-trading which distributed Forex betting accounts to the UK market. This platform gave out demo accounts that had a number of tools such as stocks, interest rates etc. My Fxbook Auto Trade being one of the best is a known network that provides Forex traders with analytic tools which enables them keep in touch with their performance and metrics. Their large trading community gives traders a chance to interact as they exchange ideas.

Social trading tools or networks

Fxstat is a network with a large user base of over 250,000. Through this platform, traders get to learn about those in the industry while analysing opportunities presented by the market. Sirix initially began in 2014 but has slowly spread across Europe. Here traders following and copying one another is permitted also several language choices gained support which contributed to it being used globally.

NVSTR is a social trading network that despite it not being like the rest, allows traders learn more about major investors ways of allocating funds which makes it the ideal place for those new in the industry to acquire knowledge even without using the platform.

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