Since launching TradingFloor as a social trading platform, Saxo Bank has experienced 150% growth of monthly visitors on the platform illustrating the product's rising interest among the broker's customers.
In January, Saxo Bank entered the social trading field as it relaunched its TradingFloor website from a news and and research site to its new social trading portal. Since launching the new product, Saxo Bank phased out the old TradingFloor site, with it getting totally shelved in April and hard launched to more languages including French, German, Spanish and Turkish. As reported in January, in its current iteration, TradingFloor is a blend of Saxo Bank’s research and trading network allowing customers to follow other traders as well as view news, ideas and real-time trades taking place on an asset specific level. In addition, customers can now trade directly from the TradingFloor social Trading Platform.
So far, the change and investment by Saxo Bank appears to be paying off as monthly unique TradingFloor visitors have grown by more than 150% since the end of January to over 336,000 in September. Commenting on the growth, Saxo Bank representatives expressed to Forex Magnates, “The site continues to play a central role in engaging our existing clients but our aim with TradingFloor.com remains to transform trading into a social experience by combining popular social features with Saxo Bank’s online trading platform. Today, users are able to share their trading strategies and activities, join in online discussions, follow and copy other traders, as well as trade various asset types directly from the site.”
Looking ahead, Saxo Bank expects growth to continue as it launches TradingFloor in additional languages. In addition, with Saxo Bank reportedly working on the creation of a new HTML5 version of their trading platform, we expect to see further integration of social features appearing on the new system. As such, this could boost overall uptake of Saxo Bank’s social offerings among its clients.
In addition, not yet available, but planned for Q1 of next year is full automated copy trading. Currently, customers are available to follow and manually copy trades of other traders. Yet to be enabled is full copy trading where customers can follow a trader and have their trades automatically copied into their account. Back in January, Saxo Bank mentioned the feature which was their main item that they wanted to add, but also needed to pass regulatory approval, as European regulators have been drawing new rules to govern copy trading and signals. Upon its launch, copy trading is expected to provide addtional uptake of the product and could be used by Saxo Bank to market TradingFloor to money managers.
Aiming to currently increase growth and part of their effort in raising awareness of the platform, Saxo Bank has also embarked on a series of trading contests being launched among its various regional offices.Overall for Saxo Bank, social trading is viewed as a long-term bet by the broker for the future, as it positions itself towards offering products to meet the interests of new customers, as well as providing monetization and content distribution opportunities for existing traders and partners.
In January, Saxo Bank entered the social trading field as it relaunched its TradingFloor website from a news and and research site to its new social trading portal. Since launching the new product, Saxo Bank phased out the old TradingFloor site, with it getting totally shelved in April and hard launched to more languages including French, German, Spanish and Turkish. As reported in January, in its current iteration, TradingFloor is a blend of Saxo Bank’s research and trading network allowing customers to follow other traders as well as view news, ideas and real-time trades taking place on an asset specific level. In addition, customers can now trade directly from the TradingFloor social Trading Platform.
So far, the change and investment by Saxo Bank appears to be paying off as monthly unique TradingFloor visitors have grown by more than 150% since the end of January to over 336,000 in September. Commenting on the growth, Saxo Bank representatives expressed to Forex Magnates, “The site continues to play a central role in engaging our existing clients but our aim with TradingFloor.com remains to transform trading into a social experience by combining popular social features with Saxo Bank’s online trading platform. Today, users are able to share their trading strategies and activities, join in online discussions, follow and copy other traders, as well as trade various asset types directly from the site.”
Looking ahead, Saxo Bank expects growth to continue as it launches TradingFloor in additional languages. In addition, with Saxo Bank reportedly working on the creation of a new HTML5 version of their trading platform, we expect to see further integration of social features appearing on the new system. As such, this could boost overall uptake of Saxo Bank’s social offerings among its clients.
In addition, not yet available, but planned for Q1 of next year is full automated copy trading. Currently, customers are available to follow and manually copy trades of other traders. Yet to be enabled is full copy trading where customers can follow a trader and have their trades automatically copied into their account. Back in January, Saxo Bank mentioned the feature which was their main item that they wanted to add, but also needed to pass regulatory approval, as European regulators have been drawing new rules to govern copy trading and signals. Upon its launch, copy trading is expected to provide addtional uptake of the product and could be used by Saxo Bank to market TradingFloor to money managers.
Aiming to currently increase growth and part of their effort in raising awareness of the platform, Saxo Bank has also embarked on a series of trading contests being launched among its various regional offices.Overall for Saxo Bank, social trading is viewed as a long-term bet by the broker for the future, as it positions itself towards offering products to meet the interests of new customers, as well as providing monetization and content distribution opportunities for existing traders and partners.
Cheetah Fund Investors Lose $9 Million in Alleged Fraudulent Scheme
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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