Tradeo introduces ‘Cloud Trader’ offering ‘trade- following’ and ‘manual trading’ functionality free of charge.
Tel Aviv / London / New York – 29 May 2012 – Tradeo, the cross-broker social trading network connecting traders worldwide, today announced the release of the ‘Cloud Trader’ platform. Tradeo’s free ‘Cloud Trader’ offers traders a choice of whether to ‘trade-follow’, where the trader can automatically follow the trades of both their friends and/or leaders in the Tradeo community, or ‘manual trading’, which enables traders to execute trades and orders from any MetaTrader4 account using any mobile device, regardless of location. Cloud Trader’s ‘Dynamic Leverage’ system ensures that both the positions and the strategies of followed traders are copied into a follower’s account.
Trade following users can now choose to execute positions of differing sizes instead of having to use a pre-defined position size. Designed with traders in mind, Tradeo has developed a maximum ‘stop-loss’ system that stops copying trades if the leader’s strategy loses a specified amount. Additionally, Tradeo executes trade orders with hyper-low latency to prevent requoting and slippage. By virtue of utilizing the latest technologies, HTML5 and WebSockets, Tradeo is able to provide a trading environment and experience heretofore only possible when using either installation-heavy, Windows-native applications or Flash-based platforms.
Commenting on the release of ‘Cloud Trader’, Tradeo CEO Jonathan Adest said, “We have developed the new ‘Cloud Trader’ platform with the trader in mind. From the lengthy and extensive BETA testing process ahead of our launch in April, users helped us define our pipeline of developments and functionality enhancements. Trade-following was high on the list and we are confident that uptake in this feature will be rapid. We continue to invest and look forward to announcing future developments, all of which are designed to help our participants trade successfully.”
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Tradeo is the only cross-broker, cross-platform social trading network connecting traders and brokers worldwide. Launched in April 2012, Tradeo was developed to bring the FX trading community together and offers a sophisticated set of online trading tools and analytics.
Tradeo is an innovative global social trading network to connect FX traders. But it is more than simply a chat room. Launched in April 2012, Tradeo is the only site to offer community-sourced data, trading analytics and connectivity to brokers, enabling users to negotiate and trade on that knowledge quickly. Containing global data feeds and sophisticated analytics, Tradeo opens up the trading landscape to the individual, and allows each trader to make decisions based on insight and experience drawn from across Tradeo’s community. It is the only social network to offer rich and real time market sentiment and individual and aggregated information from its users.
Tradeo combines innovative knowledge sharing tools with access to a network of brokers, offering high-speed execution at the lowest possible price. Tradeo supports both MetaTrader and Act Platforms, used by hundreds of brokers around the world. Tradeo members are connected to a select range of brokers enabling them to negotiate and trade the best possible deal as quickly as possible, setting Tradeo apart from other ‘chat room’ FX social media sites.
Tradeo is designed with the trader in mind and the company continues to invest in sophisticated analytical and trading tools. Tradeo offers an innovative ‘Cloud Sync’ real-time service, which pulls in user trading activity, providing both current and verifiable data – a feature that differentiates Tradeo from other web forums.