TradeSlide aims to have its scores (and owl logo) become an industry standard for rating traders.
LeapRate has learned that forex social trading and education company TradeSlide has achieved a key point in its development by receiving UK FCA licensing. TradeSlide’s license allows it to control, but not hold client money and assets.
As we exclusively reported back in February, TradeSlide aims to revolutionize the world of certifying expert traders and educating novice traders.
The problem TradeSlide seeks to address is this — with the proliferation lately of copytrading and FX social networking, there are a lot (like thousands) of traders out there who claim to be “great” and “expert”, advertising their wonderful returns. But how can we know if these are really good traders — and worthy of following in the future? Maybe they took outlandish risk to achieve their returns. Maybe they were lucky.
Enter TradeSlide. Traders who sign up with TradeSlide and submit their FX trades will be given:
- a TradeSlide score, as to how “good” they are, and
- diagnostic feedback as to exactly what they need to improve to get to the “next level”.
TradeSlide aims to have its scores (and owl logo) become an industry standard for rating traders. If all goes according to plan, existing educational providers, social networks, forums and FX brokers will want to incorporate TradeSlide scores into existing trader profiles.
TradeSlide’s FCA license, granted on July 15, can be seen on the FCA website here.