The trend of social forex networks continues as firms like FxStat, TradeO and FX Junction battle it out head to head. Each firm has a different view on how things should work and hence a different business model. FX Junction provides social network white labels as with IBFXConnect, the social network launched by IBFX.
A recent article on the subject we posted generated quite a few comments arguing for and against the current social networks, but we firmly believe that social networks are the future however the right formula has yet to be found.
Award-winning Australian registered financial institution Enfinium is the latest to partner with FX Junction to create and provide technology for its new social trading network, FX Copy (www.fxcopy.com). Current registered partners of FX Copy include the recent IB Times award-winning retail Forex broker Vantage FX, and triple Investment Trends award winner GO Markets.
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FX Junction’s solution enables Enfinium to have their own social trading network with seamless integration to the MetaTrader 4 platform. A bridge allows traders to connect both demo and live MT4 trading accounts toEnfinium’s social platform in minutes and execute trades in real-time.
Vishal Bharucha, Managing Partner of FX Junction adds, “We are pleased to partner with one of the most dynamic and recognized FX providers around the globe. Our innovative social trading technologies combined with their trading services will redefine the way traders interact with one another on a dailybasis and improve the overall customer experience, our mutual goal.”
NewYork-based FX Junction LLC is a leading open social network of Forex traders, and a financial technology solutions provider to brokers worldwide. Founded in 2011 by a team of Forex veterans with over 18 years combined experience, it has quickly established its presence in the social trading space with over 8,500 registered users and several white-label broker partnerships.
To find out more about FX Junction, visit www.fxjunction.com