.webp "CentFX Launches New Social Trading Platform")
A brokerage firm determined to empower traders with every product launch, CentFX shakes up the industry with the recent release of its social trading platform.
The decision comes on the back of the growing social and copy trading platform growth. According to The Insight Partners, a leading market research firm, the social trading market will reach a staggering $ 3,774.17 million by 2028, rising at a CAGR of 7.8% between 2021 and 2028.
This growth is underpinned by traders’ preference for innovative and powerful trading platforms that help them transform their experience by leveraging collective knowledge. In this context, CentFX’s social trading offering perfectly matches traders’ growing demand for advanced yet intuitive trading solutions.
Top Forex Brokers
Fostering growth with a community-driven trading environment
With an easy-to-navigate interface, CentFX’s social trading platform is the ideal fit for both novice and experienced traders. Some of its key benefits include:
- Follow top traders and improve your skills. The platform’s dashboard provides a comprehensive overview of each trader’s strategy and risk profile in real time. This allows novice traders to follow the leaders whose strategy and success rate best suits their financial goals and risk tolerance.
- Building a copy trading portfolio. The power of CentFX’s social and copy trading infrastructure is that it enables traders to automatically copy the traders of expert traders. This allows them to reap the benefits of trading without spending hours in front of the charts, analysing the markets. From this perspective, CentFX opens a window of opportunity for traders with little to no knowledge of the financial markets, giving them a chance to succeed.
The broker provides access to a diverse range of strategies built around 400+ popular trading instruments, including Forex, indices, cryptocurrencies, and metals, which makes it an ideal choice for anyone seeking exposure to these asset classes.
- A more engaging and immersive trading experience. Apart from trade automation, which has gained significant traction in the trading community, the CentFX social trading platform also provides a community-driven environment where traders can interact and exchange ideas, discuss strategies, and update each other on the latest market trends.
- Enhanced transparency. CentFX presents a granular overview of each of its top trader’s profiles, including key performance metrics, risk rate, profitability, and more. This wealth of data is readily available to copy traders, empowering them to make informed decisions about whom to follow and copy.
Added benefits for proficient traders
CentFX’s social trading platform comes with a set of unique benefits for proficient traders as well. Its user-friendly interface allows for easy strategy development, backtesting, and launch.
This presents a golden opportunity for strategy providers looking to expand their network of followers/investors, by sharing their winning trade ideas and strategies with the CentFX community and increasing their outreach.
Getting started
Anyone interested in exploring CentFX’s social trading offering can do so by following four simple steps:
- Log in or register for a CentFX trading account which will give access to the broker’s social trading services
- Browse Traders’ Profiles to explore top-performing traders, check their performance statistics and find the ones that align with their objectives
- Follow and copy one or more Top Traders by setting up a few parameters to automatically copy their trades
- Monitor each copied trade regularly and adjust the settings as required to ensure optimal performance.
Connect with CentFX at BrokersView Expo
Traders interested to find out more about CentFX’s social trading offering and extended financial services can meet the broker’s team of experts at BrokersView Expo in Abu Dhabi, taking place between 11-12 October 2024.
The event presents itself as a unique opportunity for the company to interact with traders and identify new lucrative opportunities.
As a proud Gold Sponsor, CentFX will be prominently represented with booth no. 30. Contact the team to book a meeting in advance.