The newest platform added to Myfxbook’s social trading offering AutoTrade has been cTrader. According to a company announcement, the development took several months with the company behind the platform – Spotware, putting in special effort to customise their API to cater to the specific needs of AutoTrade.
The cTrader copy trading functionality will launch with two Australian brokerages – Pepperstone and IC Markets which will also pioneer third party social trading on the platform. Back in October 2013, FxPro’s SuperTrader became the first social trading service to offer copy trading to users of the brokerage’s customers using both cTrader and MT4.
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According to the company statement released by Myfxbook, the solution is fully hosted on the company’s servers which is going to eliminate the need for customers to install any third party software. cTrader users can connect their accounts to the AutoTrade copy trading service just like any other supported platform – by granting the copy trading service access to the platform through Spotware’s website and selecting the accounts to be added.