Former PsyQuation CEO Launches New Copy Trading Platform

Michael Berman, who is known for heading the trading strategy provider, PsyQuation as CEO, has launched a copy Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term, Ditto. The platform is officially registered as Gleneagle Securities and is licensed by the regulators in Australia and Vanuatu.

“I am excited to announce a new venture that I have been working on and will soon be going live with. After more than 20+yrs trading and always building products on top of someone else's broker we have finally become a product lead broker,” Berman, who is now Ditto’s CEO, wrote.

The new platform was launched when demand for copy trading services was skyrocketing with surging retail traders in the industry.

“There are no shortages of brokers in the market,” Berman added. “We believe we are bringing something different to the Copy Trading space and as a product lead broker you will enjoy more products for traders built by traders.”

A High Bar for Expert Traders

In addition, Ditto is only going to allow the expert traders, whose trades can be copied by rookie traders that are looking to generate some gains without actively jumping into the markets. It requires professional traders to have a track record of at least two years, along with a Sharpe ratio of more than 1. Moreover, they need to be managing more than $2 million in AUM.

The platform is offering trading services with Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and CFDs of commodities and metals, indices as well as more than 1,000 US and 300 Australian Stocks, along with cryptocurrency instruments. For copy trading clients, Ditto has set the initial investment amount to $200.

Along with Berman, the copy trading platform has been co-founded by Vladimir Krouglov and Vladislav Moskovskiy, both of whom were at PsyQuation. Furthermore, Ukraine-based Krouglov is holding the position of CIO at Ditto, while Moskovskiy is the COO.