AvaTrade stands as a CFD and Forex broker, and has recently made an announcement. This announcement was regarding the launch of a new copy-trading solution, one developed to help users connect with industry experts as well as other traders.
A New Solution For Social Traders
This innovative new solution has been named AvaSocial, a mobile application launched with the partnership of Pelican Trading. AvaTrade aims to give a platform for traders to demonstrate their trading skills, doing so on an app regulated by the Financial Conduct Authority, or FCA.
With AvaSocial, the broker was quick to state that traders will be capable of developing their own dedicated following, sharing with them their respective trading strategies and signals. With this new app, instant messaging features were added, allowing traders to communicate and coordinate with each other in a far easier way.
The Mandatory Kind Words
AvaTrade was quick to highlight how critical social trading is for traders at large, as most of these traders inevitably consult expert analyses, or discuss strategies with other community members. Through the use of AvaSocial, however, clients will be capable of gaining complete advantage of social trading, adding a number of innovative features easily accessed from a mobile device.
Dáire Ferguson stands as AvaTrade’s CEO, and gave comment about the matter at large. He stated that, as part of their ongoing commitment to educate and support customers, his firm is delighted to launch AvaSocial. He was, however, quick to highlight that this launch is done thanks to the help of Pelican Trading.
Ferguson stated that this new platform can showcase the investment strategies of the industry’s experts, providing market accessibility along the way. Ferguson further highlighted how users could refer to the recommendations of experts or outright copy their strategies thanks to sharing and interacting with live trades, allowing them a chance at success as well.
Available In Many Languages
Through its collaboration with Pelican Trading, AvaTrade is gearing towards capturing a chunk of the growing market share of social trading platforms. AvaTrade had already developed its comprehensive social trading platform with the aim of helping its users view expert traders’ various trading strategies. In the statement, he described AvaTrade’s joy in the creation of Avasocial, integrating Avatrade’s proprietary social trading solution into the mobile platform.
AvaSocial will be available, according to AvaTrade itself, in German, English, Italian, French, Spanish, Vietnamese, Chinese (Traditional And HK) as well as Japanese.