FxPro joins social and copy trading wave with SuperTrader

SuperTrader requires trade leaders to undergo a strict application process including interviews and strategy testing.

Leading forex broker FxPro, a member of LeapRate’s Approved List of global regulated forex brokers, announce today the formal launch of its own in-house social and copy trading platform, SuperTrader.

FxPro admits to being more conservative and careful than many other forex brokers, which led them to take their time in choosing the right strategy when it came to choosing which social and copy trading tools to offer to clients. Like several other leading forex brokers such as FXCM, FxPro turned to an entirely no-dealing-desk ECN agency model a few years ago, ensuring that it has no conflict of interest with trading clients. And now, when it comes to adding copy trading, FxPro has taken a similar, measured approach.

How will SuperTrader be different than other social and copy trading services? In a word — benchmarking. We’ll see how it eventually goes, but at the outset FxPro assures us that every trade leader will undergo a strict application process that includes questionnaires, interviews and testing of their strategies. Even after passing these tests the performance of every strategy will constantly be monitored. Should a trade leader repeatedly fall below a certain performance threshold, or fail to comply with FxPro’s own risk management criteria, they will be removed from FxPro SuperTrader.

For more on FxPro’s SuperTrader click here.

For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.

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