SignalTrader platform launches by FxGrow after synergy announced today.
Another brokerage has just shown support for social trading, as FxGrow announces its partnership with I.S. Signal Trader Limited (Signal Trader) β a platform that aggregates Forex trading signals including automated trading systems for investors to choose from and copy into their trading account.
FxGrow is a brand name of Growell Capital, a Cypriot Investment Firm (CIF) licensed by the Cyprus Securities and Exchange Commission (CySEC), and the deal with SignalTrader includes an introducing brokerage agreement as part of the technology partnership.
Letter of direction
Clients looking to use the platform to find trading strategies must agree to a Letter-of-Direction (LoD) β which is used to permit the trading signals that are generated from systems that clients select - into trades in their brokerage account with FxGrow.
This is similar to how investors may use a power-of-attorney when authorizing a fund manager to trade, but in this case, the authorization is done through the platform.
The SignalTrader platform ranks trading strategies based on a number of criteria related to their historical trading performance and other risk/reward performance and provides such data and statistics for traders to inspect and compare signal providers. Rather than allowing anyone to become a signal provider, the company has a number of standards that providers must meet in order to be considered.
Rewarding profitable signals
Signal Trader rewards profitable signal providers based on the amount of volume that is copied by clients that follow each signal. The company requires providers to have a live MT4 account with at least $2000 and a historical max-drawn of not more than 20% and an overall net profit of at least 10% since the inception of the accountβs trading.
In addition, signal providers need at least 3 months worth of trading history for their track record to be considered. A screenshot can be seen below of the trading performance for the SignalKING trading system which is ranked currently as a top performer from among the 14 systems offered on Signal Trader:
Another brokerage has just shown support for social trading, as FxGrow announces its partnership with I.S. Signal Trader Limited (Signal Trader) β a platform that aggregates Forex trading signals including automated trading systems for investors to choose from and copy into their trading account.
FxGrow is a brand name of Growell Capital, a Cypriot Investment Firm (CIF) licensed by the Cyprus Securities and Exchange Commission (CySEC), and the deal with SignalTrader includes an introducing brokerage agreement as part of the technology partnership.
Letter of direction
Clients looking to use the platform to find trading strategies must agree to a Letter-of-Direction (LoD) β which is used to permit the trading signals that are generated from systems that clients select - into trades in their brokerage account with FxGrow.
This is similar to how investors may use a power-of-attorney when authorizing a fund manager to trade, but in this case, the authorization is done through the platform.
The SignalTrader platform ranks trading strategies based on a number of criteria related to their historical trading performance and other risk/reward performance and provides such data and statistics for traders to inspect and compare signal providers. Rather than allowing anyone to become a signal provider, the company has a number of standards that providers must meet in order to be considered.
Rewarding profitable signals
Signal Trader rewards profitable signal providers based on the amount of volume that is copied by clients that follow each signal. The company requires providers to have a live MT4 account with at least $2000 and a historical max-drawn of not more than 20% and an overall net profit of at least 10% since the inception of the accountβs trading.
In addition, signal providers need at least 3 months worth of trading history for their track record to be considered. A screenshot can be seen below of the trading performance for the SignalKING trading system which is ranked currently as a top performer from among the 14 systems offered on Signal Trader:
Republic First Bank Failure to Cost $667 Million, Estimates FDIC
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!
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#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 π 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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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaβs 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 π 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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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaβs 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 π 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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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
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#fmas #fmas24 #fmevents #networking #finance #africa
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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.
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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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