Social trading networks are needing to expand their reach past just offering services as an IB to existing brokers, and with spreads down, and clients less willing to pay an extra pip for social trading network (which also means they are being b-booked), firms are looking at innovations. Tradeo is going the route of the likes of an eToro who started the whole integrated broker/social network concept. We will keep an eye out as the company is sure to plan more innovations to try to set themselves apart in the competitive social trading arena.
Here is the official statement from Tradeo below:
Tradeo is blazing a new trail in the Forex world. After successfully establishing our world beating Social Trading network, we’re now introducing another game changer, giving our traders a comprehensive new experience with a whole set of innovative new features.
For a start, Tradeo is about to become a Forex broker!
Having successfully pioneered our Social Trading network, we realised that to give our loyal clients the best possible trading experience we needed to offer a complete service, without forcing you to use an outside broker.
We’re now taking the plunge, enhancing our platform by incorporating a full brokerage service.
We’re enormously proud of our new platform, which is truly unique. To show just how excited we are to be launching it, we’re offering a special and very generous 30% bonus when you switch over! Other than our amazing bonus, what else in it it for you? Three words… One…stop…shop
This is tremendously exciting, because you’ll now benefit from a simplified, streamlined trading experience with everything you need under one roof!
Remember with Tradeo’s Social Trading network you benefit by:
Sharing news and views with traders around the world; identifying market trends; viewing aggregated community sentiment; following and copying top performers. With our new, advanced Social WebTrader Platform, we’ll be offering a whole host of superb extra features including:
Real time Social Charts layered with other users’ trades; Economic calendar and news feeds; One-click trading; Trade/order execution and editing directly from the chart; Private chat with other traders; Trade signals and collaboration; Choice of 170 FX and CFD instruments. Fixed & tight spreads. No commission. And it’s all fully synced with our MT4, letting you switch seamlessly between the two.
After the launch of our brokerage service we’ll no longer be supporting external brokers on our network, so if you you have any questions or need any help, don’t hesitate to reach out and we’ll be delighted to help.
We’re looking forward to serving you!
The Tradeo team