Admirals clients can now leverage the trading expertise of others using the latest services. The clients will achieve this using a newly launched copy trading service.

Admirals is a multi-asset brokerage firm that has now announced the launch of a new trading tool that clients will use amidst the increased popularity and demand for social and copy trading services.

Gain Insight from Successful Traders

According to the official announcement by the company, clients from the firm can now follow the most successful traders in the company using the leaderboard. New traders can now gain insights from successful traders, which will help them make better trading decisions.

Admirals also pointed out the benefits of stop loss and take profits, which can be used in risk management.

Admirals stated in the official announcement that,

Copy Trading is a service where both new and experienced traders benefit. If your Trade.MT4 account was opened in Admirals Cyprus Ltd after 9.01.2021, the service is available for you now. This can enable you to sit back and let the experts do the hard work for you. You can set your own Stop Loss and Take Profit according to your risk appetite. It’s all up to you.

The launch of the copy trading service by Admirals came at a crucial time for the company. The company recently changed its executive board when it appointed Victor Gherbovet as the new Co-Chief Executive officer in March this year.

Gherbovet had already been working at Admirals starting in 2008 as the Director of the company’s branch in Romania. He has worked with the firm for almost 13 years, where he had held various positions.

Copy Trading Service Provider

In the recent announcement, the firm started some of the benefits that copy trading providers would acquire. According to the firm, the success of copy trading providers increases their visibility across the trader leaderboards, which will potentially boost its subscriptions. Whenever a trader subscribes, the trader would earn a subscription fee.

Admirals also pointed out the significant growth in its financial records for the 2020 financial year. In 2020, the firm’s profits increased by 340%. The total net profits for the firm stood at 20.3 million euros compared to the 2019 financial profits that came in at 4.6 million euros.

Towards the end of 2019, Admirals had increased its product offering when it added stocks of Japanese firms using the MT5 trading platform.