Social copy-trading solutions provider for brokers, Pelican Trading, announced this Thursday that it has partnered with ETX Capital, a spread betting broker regulated by the Financial Conduct Authority (FCA), in order to provide a white label solution – ETX Connect.
According to the statement published by the company today, the ETX Connect solution is a white label partnership. Under the solution, Pelican has integrated its proprietary copy-trading technology into its existing suite of trading platforms.
Commenting on the solution, Pelican Trading Co-Founder and CEO, Mike Read said in the statement: “ETX Connect is testament to the abilities of the unique white label copy trading solution offered by Pelican. We are extremely pleased to have partnered with ETX Capital a leading broker in the FX sector and look forward to servicing their wider client base.”
Pelican Trading is a broker-neutral solution, which connects users directly with brokers. The white label integrates trade execution and communication into a central network for traders.
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Pelican is regulated by the FCA, and its solution is available on mobile for iOS and Android devices. In addition to creating a central network for traders, the solution also allows brokers’ clients to auto-copy signals, execute trades, chat and analyze performance, the statement said.
In the statement, ETX Capital highlights that: “having Pelican on board will enable us to offer a unique, fair and social trading solution which bridges the gap between new and expert traders like no other broker has done before. We’re excited to be partnered with Mike and the team at Pelican and look forward to growing together”.
Pelican Trading continues to expand market reach
Pelican Trading has been actively expanding its reach by establishing a number of industry partnerships. As Finance Magnates reported, in February, the social trading-copy provider partnered with Advanced Markets so it can offer its proprietary technology to a wider client base.
In the month prior, the company teamed up with IS Prime, in which the latter integrated Pelican’s copy-trading technology into its own trading platforms. Therefore, IS Prime can now offer these tools to its own clients.