In response to growing demand, Equiti Group announced this Tuesday that it will be expanding its multi-asset product portfolio, with the introduction of a social copy trading platform, through a partnership with technology provider HokoCloud.
With the launch of the new platform, clients of the trading provider will be able to participate in social trading. Equiti has tapped HokoCloud to help it deliver its social trading platform due to the fact that the company is rapidly gaining popularity in the social trading community with its fast speed technology and compatibility with MetaTrader 4.
Equiti Group Looks to Latin America
Commenting on the development, Gary Dennison, the CEO of Equiti US, said in the statement: “Equiti strives to offer the best available trading resources in the industry, which is why we have partnered with HokoCloud to enable our clients to actively participate in social trading.
“HokoCloud’s popularity, particularly in Latin America, will help service our fast-growing Equiti client base in the region. Social trading will open a window of opportunity for traders.”
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Social trading is when users can observe and copy the strategies used by experienced traders. There can be a number of benefits to social trading, especially for novice traders. However, with the launch of its platform, clients of Equiti will have access to a global online trading community, allowing for collaborations and information sharing.
“We’re delighted to have partnered with a reputable, highly regulated broker as Equiti for our social trading platform,” added Rui Gago, CEO of HokoCloud in the statement.
“Through the partnership, Equiti’s clients across the world will have access to an uber efficient, ultra-low latency copy trading solution that is ideal for managing multiple MT4 accounts simultaneously or to follow some of the best trading strategies available – entirely for free.”
HokoCloud provides users with support in seven languages: Portuguese, Spanish, French, Italian, Russian, Romanian and Arabic.