Myfxbook Launches New Copy Trading Service with Hosted Solution

FX portal and popular forum Myfxbook has diversified its available copy trading capabilities with a new offering. Myfxbook notified its registered users about a new service which is offered through the website, in partnership with Signal Start.

Users of Myfxbook can now copy every trading system in the website by clicking on a 'Copy' button at the top of the system page. This new service operates on any system, real or demo, with a fixed monthly fee set by the trader. There are no installations on the user side as it’s a fully hosted service.

As for costs, the Signal Start service fee is $25 per month per account and the subscription to signals is billed separately, based on the selected signals. Additionally, for signal providers, the service charges 30% of the listing fee, and offers a white label option at no additional cost.

Going beyond just an online portal providing Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term tools and trade reporting for traders, Myfxbook has evolved and become an active social network of traders. The site’s AutoTrade program has been adopted by a number of FX brokers worldwide and last year, Myfxbook also received a financial license from the Cyprus Securities and Exchange Commission (CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision Read this Term).

Speaking with Finance Magnates, Myfxbook management explained the need for the new service: “The partnership was created to provide a solution for all of the traders looking to copy the systems presented on Myfxbook.com (outside the AutoTrade program). Since our AutoTrade program has very strict criteria, this was the perfect solution.”