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 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 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.
