Vantage lowers minimum deposit requirement for Copy Trading
According to a recent client survey, over 60% of active traders expressed an interest in trying out copy trading. Moreover, 19.7% of respondents were unfamiliar with the concept but were keen to learn more. Almost half, or 47.5%, hoped for more enticing incentives and promotions.
In a move that underscores the rising popularity of copy trading, multi-asset broker Vantage Markets announced it will lower the minimum deposit requirement for its Copy Trading feature from $200 to $50, effective immediately. The decision comes on the heels of a recent client survey that revealed a significant appetite among traders for easier access to copy trading on the Vantage app.
“Our clients are looking for a means to expand their portfolio and maximize their returns with minimal cost, so our reduced minimum deposit provides a lower barrier for them to explore copy trading and adopt it as part of their trading strategy,” said Lian Jie, Assistant App Marketing Director at Vantage Markets.
60% of active traders surveyed expressed an interest in copy trading
According to the survey, over 60% of active traders expressed an interest in trying out copy trading. Moreover, 19.7% of respondents were unfamiliar with the concept but were keen to learn more. Almost half, or 47.5%, hoped for more enticing incentives and promotions.
The reduced entry point aims to attract more novice traders to the platform. Vantage Markets will supplement this initiative with a comprehensive educational program. The broker is set to release a series of educational tutorials and user guides in the coming months. These resources are designed to help traders navigate the platform and will cover a wide array of topics, from account opening to advanced trading tools.
“User satisfaction is a huge part of our work and our in-app client surveys have allowed us to remain attuned to our clients’ trading needs and experience,” added Lian Jie. “Our additional educational materials will be beneficial to all our traders, from the novice to the experienced traders.”
Copy trading allows investors to mimic the trades of experienced traders automatically, making it an attractive option for those who are new to the markets or are looking to diversify their portfolios without the legwork of individual stock selection.
Vantage Markets, a multi-asset broker, offers its clients a robust trading environment for CFDs on Forex, Commodities, Indices, Shares, ETFs, and Bonds. The new initiatives are part of the broker’s ongoing efforts to meet the evolving needs of its diverse client base and maintain its competitive edge in an increasingly crowded marketplace.