Tickmill introduces its social trading platform
Online retail brokerage Tickmill has launched its own social trading platform that aims to provide clients with access to experienced traders and a range of social investment features.
Called ‘Tickmill Social Trading,’ the new product allows everyday investors to search and compare the performance of hundreds of proven traders and mirror their trades automatically. Simultaneously, the platform helps investment talents bring their results to light by competing with other traders in an equally fair environment.
The platform allows less-versed users to automatically copy the trades of experienced traders, thus creating a P2P asset management solution. In return, the copied trader earns a decent share of the follower’s equity profit just for automatically replicating the trades.
Sudhanshu Agarwal, Executive Director of Tickmill Ltd, said: “We are thrilled to launch this new project that we have been developing for a while now to empower our traders’ experience. Tickmill Social Trading aims to bring closer together Tickmill traders in a mutually beneficial way, offering them an opportunity to optimise their trading journey and foster a community of traders of different experience levels that can learn from each other.”
Carla Nemr, Chief of Business Development at Tickmill, added: “Tickmill Social Trading is expected to benefit not only traders, by giving them simple access to the strategies of successful traders, but it’s also an important tool to help our partners develop their network and enhance their services. Tickmill Social Trading is, therefore, a key step in our commitment to help our partners grow with us.”
Through Tickmill Social Trading, users can conveniently set up auto-copy orders and benefit from the insights of successful traders. The app offers an intuitive interface, allowing users to filter traders based on specific criteria and utilize risk management tools like take-profit and stop-loss orders.
This platform enables professional traders to share their trading strategies with others. The most successful strategies are featured and ranked on the main website page, allowing traders to choose the strategy or trader they wish to emulate.
The platform ensures that trades are automatically replicated from the Strategy Provider’s account to the follower’s account, requiring no action from the follower’s end. Strategy Providers conduct trades on their own accounts and earn ‘performance fees’ based on the profits generated for each follower. The percentage of the performance fee and the frequency of payment (weekly or monthly) can be customized.
To mark the launch, Tickmill is offering an exclusive deal for strategy providers: for every follower who copies a trader for 30 days, Tickmill will pay up to $30, up to a maximum of 100 followers.
Social Trading is available on any server (MT4 or MT5) and any asset offered by Tickmill. Multiple trading accounts are allowed, enabling clients to act as both a Strategy Provider and Follower using different trading accounts under the same registration.
