Tradeo recently launched a new social trading network and brokerage under its own brand, this after years of working in joint ventures with other brokers. The new website also operates under Tradeo’s own license from the Cyprus Securities and Exchange Commission (CySEC).
Originally started as a social trading platform developer, Tradeo raised a total of $10.5 million from American venture capital funds and from angel investors such as Gigi Levy. It has offices in Sofia, Cyprus and Tel Aviv and boasts 120 employees worldwide under its CEO Jonathan Adest.
Speaking to Finance Magnates, its management explained: “We raised funds to lead the social trading world, with a focus on real self traders and not expert advisors or fake users, offering social experience and not just copy trading.
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We bring to the table a very advanced web platform, real time sentiment, chat between users (we are the only broker with chat between all our members), news, fast executions, one click trading, multiple close positions and trading from the chart.”
CEO Jonathan Adest added: “As pioneers of Social Trading, our trading platforms offer an unparalleled experience to what currently exists in the market. While we still worked under other brokers – we weren’t able to provide the excellent support our clients expect from the Tradeo brand.
Today, after the successful migration and launch of our own Investment Firm, we are able to provide exceptional attention and customer service. Already on-boarding thousand of accounts every month, we are confident that our innovative technology, marketing strategy, and brokerage offering will enable us to become the market leaders in this growing segment of Social Trading.”
The brokerage already has an iOS mobile app and is planning to launch an android app until the end of this month. It also plans to launch a new webtrader platform promising the most advanced tools available for retail traders before the end of this year.