Admirals, a multi-asset brokerage, announced today that the company has launched a new copy trading service for its clients amid the recent surge in popularity of social and copy trading.
According to an official announcement by the company, Admirals clients can now explore the most successful traders through the leaderboard. Traders will be able to copy successful trading strategies. Moreover, Admirals highlighted the importance of stop loss and take profit for risk management.
“Copy Trading is a service where both new and experienced traders benefit. If your Trade.MT4 account was opened in Admirals Cyprus Ltd after 9.01.2021, the service is available for you now. This can enable you to sit back and let the experts do the hard work for you. You can set your own Stop Loss and Take Profit according to your risk appetite. It’s all up to you,” Admirals mentioned in the official announcement.
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The latest launch of the company’s copy trading service came after Admirals announced the appointment of Victor Gherbovet as its Co-Chief Executive Officer in March 2021. Gherbovet joined Admirals in 2008 as Director of the company’s Romanian branch and spent nearly 13 years in different positions within the company.
Copy Trading Provider
During the recent announcement, Admirals highlighted potential benefits for the copy trading providers. “As your success grows, so does your visibility on the trader leaderboards and the likelihood of gaining subscriptions. Each time another trader chooses to subscribe to your strategy, you earn subscription fees. You can publish your strategy and adjust the details via your Trader’s Room dashboard,” the company added.
Admirals saw a significant spike in financial numbers during 2020. The broker reported a jump of 340% in profit last year. The total net profit for 2020 reached €20.3 million, compared to €4.6 million in 2019. In October 2019, Admirals expanded its product offering with the addition of Japanese stocks via the MT5 trading platform.