Eurotrader and XpertAlgo Tap Pelican for Copy-Trading Solution

Copy-trading solutions provider, Pelican Trading announced on Wednesday the addition of Eurotrader and XpertAlgo as its two new white-label partners as a push to expand its industry reach.

According to the press release shared with Finance Magnates, both the companies will integrate Pelican’s solution into their existing suite of trading platforms that will bring copy-trading services to the traders.

“We are very pleased to continue our rapid expansion in the FX sector with the announcement of our two new partners Eurotrader and Xpertalgo,” Mike Read, Co-founder and CEO at Pelican Trading, said in a statement.

“Our industry-leading white label copy trading solution ensures each of these venue’s clients will benefit from the accessibility of their products, especially during these turbulent times when market Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term remains high.”

Demand for Copy-Trading Is Soaring

Based in London, Pelican is a Financial Conduct Authority-regulated company, offering white-label copy-trading solutions to brokers. Its solutions are supported on both Andriod and iOS platforms, allowing traders to auto-copy signals, execute trades, chat and analyze performance.

It is operating in a lucrative market when the demand for copy-trading services is soaring with the retail traders’ influx and more and more brokers want to offer such services to their customer base.

The company earlier inked a similar partnership with AvaTrade for the CFDs brokerage’s foray into copy-trading services.

“Eurotrader continues to expand its product offering to address the needs of individual traders as well as those who want to participate in the world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term through copy trading or account management systems,” said Sergei Grigoriev, Head of Risk at Eurotrader.

“I was familiar with all the copy trader technology firms out there, but Pelican’s technology stood out as best suited for our business. The integration of the technology with our other tech partners was seamless, and we look forward to working with Pelican for many years to come,” Xpertalgo’s Managing Director, Richard Whelan, added.