OFM launches copy trading app for retail FX

Rick Steves

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.

Meet FinanceFeeds at the IFX EXPO International in Cyprus

“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.

Read this next

Digital Assets

BlockDAG’s Presale Achieves $9.9M: Aiming For A 5000-Fold ROI As Cardano’s Price Rises And Fantom Launches Sonic

Explore Cardano’s surge, Sonic’s efficiency, and why BlockDAG’s growth makes it the top crypto choice. A deep dive into the future of blockchain investments.

Digital Assets

US, UK probe $20 billion Tether transfers tied to Russian exchange.

U.S. and UK authorities are investigating the movement of $20 billion in the USD-pegged stablecoin tether (USDT) through Moscow-based exchange Garantex.

Digital Assets

BlockDAG Presale Raises $9.9M as Batch 5 Nears Sell-Out Amid Bonk’s Fluctuating Trading Volume & Spell’s Bullish Price

Explore BONK’s trading volume, SPELL’s market shifts, and why BlockDAG’s 10,000 ROI makes it an ideal crypto for savvy investors in 2024.

Digital Assets

Bybit expands into Europe amid regulatory scrutiny

Dubai-based cryptocurrency exchange Bybit is expanding its operations in Europe after encountering regulatory challenges in Hong Kong.

Digital Assets

Cathie Wood’s sponsored Bitcoin ETF sees historic $200 million inflows

The ARK 21Shares Bitcoin ETF (ARKB), co-sponsored by Cathie Wood’s ARK Invest, registered historic inflows exceeding $200 million on Wednesday, signaling a robust appetite among investors for Bitcoin-centric investments.

Digital Assets

Sam Bankman-Fried might see his 25-year sentence halved

Sam Bankman-Fried, the founder of the failed cryptocurrency exchange FTX, was sentenced to 25 years in federal prison by a Manhattan court on Thursday. This comes after he was convicted of defrauding customers and investors, with Judge Lewis Kaplan highlighting the potential future risks posed by Bankman-Fried.

Technical Analysis

EURJPY Technical Analysis Report 28 March, 2024

EURJPY currency pair under the bearish pressure after the pair reversed down from the major resistance level 164.25, which also stopped the sharp weekly uptrend at the end of last year,

Digital Assets

BlockDAG’s Presale Hits $9.9M, MultiversX & MINA Price Predictions Show Green

Read about BlockDAG’s promising $10 prediction and insights on MultiversX Price Prediction as MINA’s potential unfolds.

Digital Assets

Rockstar Co-Founder and All-star Line Up Join Advisory Board to Take Metacade into Post Beta Orbit

Metacade, the revolutionary Web3 gaming platform, prepares to streak out of beta with a slew of ground-breaking initiatives that will redefine the way blockchain games are developed.

<