account with a particular strategy, the social trading network platform takes care of the rest by automatically applying the strategy in the clients trading account. According to the responsible authorities, dozens of reports of fraudulent investors with a loss of several hundred million dollars have been filed in German-speaking countries alone. Past performance is not an indication of future results. If you are unsure, seek independent financial, legal, tax and/or accounting advice. Still, such a copier or follower can be copied by another trader. For example, ZuluTrade and Copyop social trading networks offer fully functional mobile application (Android iOS) to their clients. This process greatly assists a newcomer to make better trading/investment decisions. Brokers with whom the social trading network provider has partnered. Salient features of social trading networks, customizable profile. You should consider whether you understand how an investment works and whether you can afford to take the high risk of losing your money.
This facility allows newcomers to quickly validate a signal provider. Fortunately, the arrival of social trading networks has opened a new gateway for amateur traders to benefit from the ideas and skills of professionals. The binary option brokers also offer copy trading facility to a trader. Furthermore, those followed or copied by the signal provider himself can be seen as well. Thus, in accordance to the proportion of funds allocated, all actions (opening, stop loss, take profit) of copied investor are carried out on copy traders account. As the binary options industry started registering impressive growth, the brokers (such. The notable feature about these traders social networks is the integration of the real-time trading feeds of the traders belonging to a network. And last but not least, there has been a lot of fraud and customers have allegedly been cheated out of hundreds of millions of dollars. The trader should then propagate his profile link to get like-minded traders to follow. The process was easier because of the fact that a broker had access to real-time data feed and information regarding a clients trading activity. It should be remembered that, as no two binary brokers are the same, no two trading social networks are similar. Option888, operators have changed so often that investors can no longer have an overview.
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