ECN Broker IC Markets has announced that it is partnering with Social Trading firm Tradeo to provide Tradeo’s Cloud Trader for it clients. Cloud Trader is a cross-broker social trading network that allows users to follow and copy other traders or be followed themselves. Australian IC Markets joins a growing list of MT4 brokers that are partnering with Tradeo. The inclusion of a social trading network to offer their clients occurs after Direct FX, announced it was the first broker from Australia to start offering Currensee to its customers.
Within the Social Trading sector, beyond just having an easy to use and well designed interface, a large network of the users for customers to follow is the most important ingredient. This factor has allowed eToro to continue to be the leader in the sector as the broker has been able to leverage its size to create new products and appeal to customers.
Using a cross-broker model, the increase of brokers participating in the network is allowing Tradeo to quickly gain exposure to a large base of clients and boost its users.
IC Markets & Tradeo Social Forex Trading Sets a New Industry Benchmark
International Capital Markets Pty Ltd (IC Markets), one of the world’s fastest growing Forex and CFD brokers, partners with Tradeo to launch an Industry-leading social trading network.
October 15th 2012 – IC Markets has joined forces with Tradeo, one of the world’s most innovative and Independent social trading platforms.
The Tradeo IC Markets partnership allows for traders to connect worldwide. One of the unique advantages of the Tradeo Network is its’ Cloud Trader functionality. The Cloud Trader feature empowers traders to automatically follow the trades of both their friends and/or leaders in the Tradeo community, or manually trade, which enables traders to execute trades and orders from any MetaTrader4 account using any mobile device, regardless of location. Cloud Trader’s ‘Dynamic Leverage’ system ensures that both the positions and the strategies of followed traders are copied into a follower’s account.
Tradeo CEO Jonathan Adest said: “Partnering with IC Markets means that traders in the Tradeo network can now take advantage of trading in a True ECN environment on some of the tightest spreads in the world”.
IC Markets is prominently known in the industry for ECN forex trading. IC Markets’ True ECN account combines unrivalled trade execution speeds and unmatched connectivity with some of the tightest spreads available globally, making IC Markets the forex broker of choice for automated trading and scalpers alike.
Andrew Budzinski, IC Markets’ Managing Director said: “We are pleased to be able to offer our clients access to a market-leading social trading network. Our clients can now copy successful traders in the network and share their trading ideas and strategies.”
Utilising IC Markets’ MetaTrader 4 True ECN Forex trading with the Tradeo Social trading network allows forex traders to access:
• True ECN marketplace with spreads from zero pips, the lowest spread offered by any Australian based broker
• 400:1 leverage
• Cloud-based mirror trading
• Web-based trading
• Access to interbank liquidity from over 36 different banks
• Micro-lot trading
• 60 currency pairs plus gold and silver
• 17 index tracking CFDs
• Commission rates of only $3.50 per lot
• High speed servers in the NY4 data centre.
An IC Markets MetaTrader 4 True ECN forex trading account can be opened with as little as USD $200 and can be linked directly to the Tradeo network.
You can register for the Tradeo IC Markets social trading network here: http://tradeo.icmarkets.com/