OFM launches copy trading app for retail FX
OFM developed the app in partnership with FCA-regulated Pelican Exchange, which means it was designed to operate at the highest standards.
One Financial Markets has launched One Connect, a new copy-trading app that allows users to connect with top traders and copy their trades via the FX and CFD broker.
Developed in partnership with Pelican Exchange, a specialist social copy-trading technology provider based in the UK, the mobile app boasts a number of features designed to harness the power of the trading community.
OFM’s One Connect makes it easier for traders to discover opportunities in the market and develop their trading ability, connect with a network of traders around the world, follow top traders and copy their online trades.
Andrew Henderson, One Financial Markets Regional Head of Sales for the Middle East and North Africa, commented: “This app delivers a fantastic experience, making it extremely simple to find and follow the top-performing traders most relevant to you and your trading objectives.
“But, beyond that, it’s also a fantastic learning tool because after you’ve identified a trader to follow, you can go deeper with your analysis and explore the strategy behind their decisions. You also have the ability to customize individual settings – for example, position size – so that each trade better reflects your own strategy and approach to risk.”
Traders can either download the One Connect app and then connect via an existing MT4 trading account or open a new account directly with the app.
Pelican is regulated in the United Kingdom, which means the mobile app was designed to operate to FCA standards, a safe, secure, and licensed environment.
OFM’s One Connect also has built-in safety mechanisms to help manage risk, such as warnings of a predetermined level of risk, and multiple stop-loss options.
“Ultimately we’re about giving our clients more ways to improve their performance and gain an edge when trading, while also helping them become more confident in their own abilities. Having the ability to copy and learn directly from top traders makes this app a powerful new addition to our service”, Mr. Henderson concluded.
The copy trading functionality can be used across all types of asset classes provided by One Financial Markets, the firm explained, adding that the trading app is available to download now on iOS and Android.