The 2000s heralded a new era for online trading – one of simplicity and extra convenience. That’s when trading became more community-driven through social trading.
By allowing traders to copy the successful trades and even entire portfolios of trading experts and mirror them automatically in their accounts, social trading rapidly became the new way forward.
Not only does it offer traders the extra convenience of exploring the financial markets without needing to spend long hours researching and studying trends, but it also provides a more engaging experience through the dynamic combination of online trading and social media.
Nowadays, more than twenty years down the line, social trading is still a thing. According to data collected by The Insight Partners, the social trading platform market is forecast to grow at a CAGR of 7.8% over the period between 2021-2028. But how does it work? Let’s take a deep dive!
Reshaping the Way We Trade
Social trading bridges the gap between professional traders and novices, for sure. In an environment such as TibiGlobe’s Social Trading platform, you can browse the profiles of top traders and once you’ve found one or more top trader whose strategies align with your goals and risk tolerance, you can follow or copy their activity with a single click.
While this may seem like a breeze, it also comes with risks. Social and/or copy trading is a two-way road. Although you’re simply copying someone else’s trades, you face the same risk as they do. This is why it’s essential to carefully check the historical performance of the trader(s) you want to copy beforehand.
Details such as drawdown, a.k.a. a strategy’s loss from the highest point of equity to its lowest point, risk score or, in other words, the risk rating of a specific strategy, according to the strategy provider’s approach and positioning in the market, offer you the data-driven insights you need to make an informed copy trading decision.
As not every broker out there provides this service, finding a reliable one may be a challenge. And if you have been searching for a social trading platform or service provider and landed on this page, trust that you’ve reached your destination.
TibiGlobe is one of the fastest-growing CFD and social trading platform operators. Trusted by thousands of traders in Europe, Asia, and MENA, the broker places a great emphasis on education.
“Social trading is not only a more engaging way to trade, it’s also a practical approach to learning how to trade by doing it”, TibiGlobe CEO Marinos Vassiliou explained.
“The launch of our social trading platform marked an important milestone, positioning TibiGlobe as a competitive industry player and a broker of choice for so many traders around the world.
“Traders need both guidance – if we speak about beginners – and motivation to keep going, advanced technologies – if we speak about experienced and professional traders. Our platform provides exactly that”, he added.
The Capabilities You’ve Been Looking For
With a sleek and easy-to-navigate interface, TibiGlobe’s social and copy trading platform suits the needs of both novice and pro traders. The key features and capabilities that can help you succeed as a Follower/investor include:
- A comprehensive Leaderboard featuring a wide range backtested copy trading strategies developed by professional traders, created around CFDs on Forex, equities, indices, commodities, and cryptocurrencies.
- The risk score & drawdown are overtly featured on each Trade Leader’s profile, so you can make swift decisions.
- Start/Stop Copying at the click of a button. This feature allows you to better control risk exposure as your goals shift.
- Seamlessly connect your existing trading account to TibiGlobe’s Social Trading platform or create one in minutes. As the platform is integrated within TibiGlobe’s MT5-based trading infrastructure, you can easily switch between ‘manual’ trading and social trading – all from a single account.
- Advanced risk management tools that put you in control of your activity. Features like Stop Loss, Take Profit, and Limit Orders can help you reduce the risk of potential loss that comes with social/copy trading.
What’s in it for Top Traders?
But this is not all. Proficient traders will also find a useful tool in the social trading platform. Built around MQL5, an advanced programming language that allows traders to easily build, backtest, adjust, and launch their high-performance strategies.
Capitalising on simplicity, the platform provides smooth navigation, and intuitive features powered by an intelligent UX design that helps strategy providers reduce the time required to develop and launch their algos and EAs.
By doing so, TibiGlobe removes the complexity associated with the development process. This empowers strategy developers to focus on what truly matters: optimising their strategies and creating new ones as the markets shift.
The platform’s advanced simulation and backtesting tools allow traders to test-drive their copy trading strategies before sharing them with a growing community of traders.
This paired with the ability to share insights and success stories with followers through the Social Feed makes TibiGlobe’s social trading platform a viable alternative to traditional trading solutions. Try it and see for yourself!
Risk Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Prices can fluctuate rapidly, and past performance is not indicative of future results. Please refer to the full risk disclaimer on our website.
The information provided does not constitute financial advice and should not be relied upon as such. You should seek independent advice before making any investment decision.
