TopTradr, an online operator of trading competitions which focuses on helping individuals become professional traders, has announced the launch of a new website at www.toptradr.com.
TopTradr works by rewarding investors for risk-responsible trading practices and steady equity growth, providing an opportunity for traders to become pros. The TopTradr web app, accessed via the new site, works by ranking the profile of all registered profiles against each other and rewards $10,000 to the trader who outperforms the rest every 2 weeks.
Traders are able to connect with a large network of traders, learning from each other and analysing information to find opportunities to capitalise on.
The company has quoted recent success stories which include a winner who is now on the G10 trading desk at Citibank, another winner who is now an analyst at Goldman Sachs and an Egyptian trader who now manages $120,000 of Toptradr capital.
Capital Allocation Program
Francois Nembrini, a TopTradr partner, commented: “We are hoping to change lives. TopTradr is not a competition, but a capital allocation program. We give the successful trader $10,000 and this allows them to say that I am a professional, I am now trading somebody’s money and if I do well with that money, there may be something down the line.”
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TopTradr has reported that it is rapidly growing a risk-responsible community of traders via the web app and on social media channels who are sharing their trading experiences and supporting each other through various market conditions.
With well respected names from the industry interacting with the community and trading on a professional basis, such as Brenda Kelly, former Head of Research at IG, TopTradr is fast becoming acknowledged as a useful tool for traders to learn from more experienced risk takers and for some who are looking to be discovered in order to start a professional trading career.
Nembrini told Finance Magnates: “While we had numerous IT issues in the past which hindered our growth, the TopTradr concept has proven very resilient with traders and the company has always operated in the green even though we never invested in IT or marketing.
We decided this year to re-invest all profits to re-vamp TopTradr IT backend to be compatible with any MT4 infrastructure and fixed our entire client journey by doing a web app rather than Ios and Android apps which are a lot more expensive to maintain.
We now believe that we have a scalable platform. The early signs are very encouraging and we are hoping to inspire traders globally to become professionals through our community.”