Trade360 believes that they found gaps in the online trading market, and copy trading specifically, which led them to create a new solution.
After over 100,000 of software development hours were invested in it, the new “Crowd Trading” platform called Trade360 is about to go live. Finance Magnates was allowed an exclusive peek into the new platform offering trading on Forex, stocks, CFDs, commodities, futures contracts and indices.
The Trade360 team believes that they found gaps in the online trading market, and social trading specifically, which led them to create a new solution. The first gap is governed by the scalability of not having to rely on sales departments for motivating traders. An even bigger gap they see, is that new traders are apprehensive and lack information about what assets to trade and what they should look for when making trading decisions.
"The entire concept of CrowdTrading is to show the aggregated actions of masses of traders, but not only what asset they are trading on and whether they buy or sell it," a company representative explained. "CrowdTrading shows all of that, but also changes in Volatility, in trends of asset directions, in volume traded, in speed of quote fluctuations and many other factors that can help a trader make an informed decision."
The web platform works off a single browser screen showing a feed of trading ideas and selected instruments with a small chart, rates, spread, margin and the buy/sell sentiment in one box. Clicking on the small chart opens a separate window with a larger chart and clicking on the feed loads a tab to take action on the instrument. Other aspects of the platform, such as a competition leaderboard, are available from tabs on the screen.
The aim of the developers was to offer a simple, intuitive and friendly tool to help new traders look in the right direction when considering an action and a platform powerful enough to allow advanced traders to enjoy all the tools they are used to. “We saw that social trading does not give all of those, as it disengages the user by making him copy trades and traders without actually thinking or learning what and why these trades are executed.”
They see their offer as superior to established copy trading solutions as it keeps control in the hands of the users. “We let our traders take any decision they want, regardless of the direction of the crowd –and each decision is taken individually by the trader – and not by copying anything. The data we offer is wider and better segmented than social platforms offer today and, in fact, we see these as two completely different products – with ours being the significant better one.”
One of the most interesting features of Trade360 is showcasing what positions are taken by traders worldwide, from the home country of the user, and the most profitable traders only. Sentiment indexes are not new for forex traders, but the way it is presented here allows for more speculation on which group is usually right and what trend to counter.
Technology wise, the web platform uses AngularJS as presentation backbone, creating a modern look that feels slick, responsive and data aware. For mobile user they developed a native application both for Android and iOS. The data layers Trade360 use are CouchBase and Cassandra for fast and scalable big data storage. The developers explain that this is key to the massive data processing needs, which incorporate data from the group’s databases of over 10,000 traders and other major data providers in the financial industry.
The application and services of the platform were developed with open standards and service-oriented architecture in mind. The Open API is served on fast Node.js servers capable of serving data to millions of users in various protocols. The system provides an API “sandbox” for easy integration with future 3rd parties.
The firm reiterates the "revolution" it is aiming to deliver in the way online brokers approach newbie traders: "The collaborative work of our developers, data specialist and financial experts that created CrowdTrading is going to make the learning curve of a new trader much simpler and the decision making process so much easier and intuitive." Trade360 says that several new features to be released in the near future will foster traders' decision making process.
The company is incorporated in England with a registered office in London. Trade360 Limited has already applied for authorization and regulation by the Financial Conduct Authority (FCA) in the United Kingdom. Considering the recent crackdown on Plus500, it might not be a surprise if the company seeks a CySEC license in Cyprus next to keep its options open. However, if the FCA ever decides to demand that copy trading be regulated as fund management, this type of social solution should be safe.
After over 100,000 of software development hours were invested in it, the new “Crowd Trading” platform called Trade360 is about to go live. Finance Magnates was allowed an exclusive peek into the new platform offering trading on Forex, stocks, CFDs, commodities, futures contracts and indices.
The Trade360 team believes that they found gaps in the online trading market, and social trading specifically, which led them to create a new solution. The first gap is governed by the scalability of not having to rely on sales departments for motivating traders. An even bigger gap they see, is that new traders are apprehensive and lack information about what assets to trade and what they should look for when making trading decisions.
"The entire concept of CrowdTrading is to show the aggregated actions of masses of traders, but not only what asset they are trading on and whether they buy or sell it," a company representative explained. "CrowdTrading shows all of that, but also changes in Volatility, in trends of asset directions, in volume traded, in speed of quote fluctuations and many other factors that can help a trader make an informed decision."
The web platform works off a single browser screen showing a feed of trading ideas and selected instruments with a small chart, rates, spread, margin and the buy/sell sentiment in one box. Clicking on the small chart opens a separate window with a larger chart and clicking on the feed loads a tab to take action on the instrument. Other aspects of the platform, such as a competition leaderboard, are available from tabs on the screen.
The aim of the developers was to offer a simple, intuitive and friendly tool to help new traders look in the right direction when considering an action and a platform powerful enough to allow advanced traders to enjoy all the tools they are used to. “We saw that social trading does not give all of those, as it disengages the user by making him copy trades and traders without actually thinking or learning what and why these trades are executed.”
They see their offer as superior to established copy trading solutions as it keeps control in the hands of the users. “We let our traders take any decision they want, regardless of the direction of the crowd –and each decision is taken individually by the trader – and not by copying anything. The data we offer is wider and better segmented than social platforms offer today and, in fact, we see these as two completely different products – with ours being the significant better one.”
One of the most interesting features of Trade360 is showcasing what positions are taken by traders worldwide, from the home country of the user, and the most profitable traders only. Sentiment indexes are not new for forex traders, but the way it is presented here allows for more speculation on which group is usually right and what trend to counter.
Technology wise, the web platform uses AngularJS as presentation backbone, creating a modern look that feels slick, responsive and data aware. For mobile user they developed a native application both for Android and iOS. The data layers Trade360 use are CouchBase and Cassandra for fast and scalable big data storage. The developers explain that this is key to the massive data processing needs, which incorporate data from the group’s databases of over 10,000 traders and other major data providers in the financial industry.
The application and services of the platform were developed with open standards and service-oriented architecture in mind. The Open API is served on fast Node.js servers capable of serving data to millions of users in various protocols. The system provides an API “sandbox” for easy integration with future 3rd parties.
The firm reiterates the "revolution" it is aiming to deliver in the way online brokers approach newbie traders: "The collaborative work of our developers, data specialist and financial experts that created CrowdTrading is going to make the learning curve of a new trader much simpler and the decision making process so much easier and intuitive." Trade360 says that several new features to be released in the near future will foster traders' decision making process.
The company is incorporated in England with a registered office in London. Trade360 Limited has already applied for authorization and regulation by the Financial Conduct Authority (FCA) in the United Kingdom. Considering the recent crackdown on Plus500, it might not be a surprise if the company seeks a CySEC license in Cyprus next to keep its options open. However, if the FCA ever decides to demand that copy trading be regulated as fund management, this type of social solution should be safe.
Interactive Brokers Expands Offerings with Daily Options on French Stocks
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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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!
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!
Follow FMevents across our social media platforms for news, insights, and event updates. 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
📣 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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