Saxo Bank launches social trading


Saxo Bank is morphing its TradingFloor.com research site into a social trading platform

Our twitter feed has just presented us with some fresh information surrounding Saxo Bank’s exposure to the social trading environment. According to their social media account the Danish brokerage is transforming its Tradingfloor.com portal into a fully operational copy trading environment. Up until now the website has acted as a portal for discussions, trading ideas, news comments and provided access to the company’s research notes.

Starting today we are looking at an advanced version of a copy trading platform that integrates the abovementioned benefits into a platform that encourages communication and has a broad impact on the user’s ability to learn how to become a better trader. Users of the portal can share ideas, interact, gain access to verified trading records in real time and copy trades from them.

According to the slide shown on Saxo Bank’s Twitter feed users will get multi-asset social trading environment with only real accounts allowed to be in the feed. Obviously the idea behind the portal is to encourage a more engaged profile of traders that are open to comment, discuss analyses and news, while surely some professional analysts might also contribute to the attractiveness of the revamped website.

Individual users can choose whether or not to share their performance, open orders and current and historical positions information with the community. A useful yearly, quarterly and monthly overview of the trader’s performance handing him a lot of useful metrics to optimize his strategy will also be available for real account users.

For a link to the slide, visit Saxo Bank’s Twitter profile.

If you are curious to explore the website go to Tradingfloor.com.

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

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Saxo Bank launches social trading

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