Spotware’s cTrader Copy Added by Scandinavian Capital Markets

cTrader Copy, the social trading investment program offered by Spotware, has been added by one of the company’s clients, Scandinavian Capital Markets, a Swedish foreign exchange broker, Spotware announced earlier this week.

The social 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, which was launched as an improved replacement of cMirror, allows investors to copy the strategies of professional traders. The investment program offers precise copying with equity to equity model.

“As social trading gains more and more popularity, we encourage our brokers to benefit from the full scope of what the platform has to offer by making use of cTrader Copy to add value to their traders, as well as to gain an extra competitive edge and increase their market share,” Spotware said in a statement on its website on Monday.

Based in Sweden, Scandinavian Capital Markets is regulated and authorised by the Swedish Financial Supervisory Authority (FSA). The company stems from an asset management firm and was created by Arif Alexander Ahmad and Michael Buchbinder.

Spotware: Social Trading Is Gaining Popularity

Social trading is particularly good for novice investors who would prefer to copy the strategy of an expert. The announcement from Spotware and Scandinavian Capital Markets arrive at a time when a lot of new traders are flocking to the trading markets.

As Finance Magnates has covered extensively, the recent heightened volatility in the markets has created a new wave of interest in trading. In particular, the volatility driven by the coronavirus pandemic has attracted a lot of first-time investors and revived interest from previously-dormant traders.

With so many novice traders entering into the market, coupled with the complex nature of 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 trading, the attractiveness of social trading, or copy trading, could be a drawcard for many brokers and could be the motivation behind the announcement on Monday. However, this is purely speculation.

The announcement also comes just after Spotware celebrated a decade of operations. In a recent interview with Alexander Geralis, Sales Manager at Spotware, the company revealed to Finance Magnates that it plans on increasing the market share of its cTrader platform.