In line with its goal to rapidly expand its market reach, ATFX brokerage has launched a social trading platform.
The Forex and contract for difference brokerage said entering the copy trading industry is something it has long planned to achieve, as it aims to serve users better.
The social trading platform is called ATFX TeamUp. It will provide opportunities for other new and experimenting traders to copy the trading method and strategies of others within the platform. The platform comes with an auto-copy feature that enables anyone to quickly copy the risk parameters and trading strategies of others within the platform.
An important feature for beginners
Copy trading is always a feature all beginners look to have in any trading platform. ATFX has also highlighted this benefit, saying the new social trading platform will be helpful to beginners who may gain from their trades while still learning new trading strategies. It will shorten the learning curve for new traders as they test different readymade trading strategies to find out which one suits their trading style.
Marcus Tigsilema, ATFX’s UK Commercial Director, commented on the development. Commenting on the development, ATFX UK’s Commercial Director, Marcos Tigsilema, said: “We’re delighted to be able to bring ‘ATFX TeamUp’ to our clients,” he said.
Marcos also stated that the ongoing pandemic has made in-person social interactions difficult, but this new project will eliminate such difficulty. It provides an extra support level for clients who are looking to gain more trading strategy and equip their trading amour for many years.
Growing demand for copy trading
The ATFX is offering the new feature at a time when copy trading demand is increasing. The company’s competitors have already launched a similar platform while some others are planning to launch their own as well.
Again, there has been an increased demand for brokerage services. According to the Managing Director of ATFX U.K., Qiang Zhang, the brokerage has serious expansionary plans to make it more profitable for shareholders. The plan is to offer more products in the industry, which will attract more users and yield more profits, according to him.
He also said the brokerage has put in a lot of hard work for several months to come up with the new copy trading platform, and they are very happy about the launch. It is in line with the company’s long term goal of providing sophisticated and advanced technology for its clients and users, which will enhance their trading skills.