DXtrade, a trading platform provider for FX, CFD, and crypto brokers, has announced a partnership with Pelican, a copy trading service. The integration will allow DXtrade users to access Pelican's network of over 9,000 trading signals directly within the platform.

DXtrade Integrates Pelican Copy Trading

Pelican, known for its white-label copy trading platforms used by major global brokers, will integrate its multi-asset copy trader engine into DXtrade. The new partnership is expected to benefit both brokers and traders by providing access to a vast network of trading signals.

According to both companies’ statement, the integration of copy trading functionality responds to demand from brokers and traders for expanded features within the DXtrade environment. What is more, it comes as DXtrade reports growth in its user base.

"With our recent growth came a strong demand for a copy trading service within DXtrade. We sought to secure the best service available in the industry for our clients, which has been made possible through our integration with Pelican,” commented Jon Light, Head of OTC Platform at Devexperts, DXtrade's parent company.

Since 2019, Pelican Trading has been offering a social trading platform regulated by the UK's FCA, which allows for the copying of other traders' positions and is widely used by many trading firms. Among them are numerous FX/CFD brokers, including Eurotrader, AvaTrader, USG UK, and ETX Capital

"We are excited to partner with such a great company - who share the same ambitions and as a partnership can offer clients and brokers a full 360-degree service,” added Mike Read, Director at Pelican.

For DXtrade, this marks another significant collaboration over the past month, following their partnership with Sage Capital to boost crypto liquidity for brokers. Sage Capital Management provides institutional-grade crypto spot and perpetual liquidity, focusing on prioritized execution and competitive pricing.

DXtrade's Recent Updates

DXtrade has been actively expanding its partnerships and integrations in recent months to enhance its offerings for brokers and traders. In May, the company integrated with FXCubic, a trading connectivity solution provider. This partnership combines FXCubic's expertise in liquidity provision with DXtrade's platform capabilities, promising improved trading efficiency and enhanced risk management for brokers and their clients.

Earlier in April, Devexperts announced a cross-integration between DXtrade and BizCuits, a vendor offering various tools and services for the forex and CFD industry. This collaboration creates a combined solution available through a plug-and-play model, enabling rapid integration for brokers seeking a comprehensive trading ecosystem.

Additionally, Tools for Brokers (TFB) has partnered with Devexperts to integrate the DXtrade platform into its Trade Processor ecosystem. This integration enhances TFB's multiplatform liquidity bridge, providing brokers with more options and flexibility in their trading infrastructure